From Trash to Treasure

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Credit: www.mylot.com

Pretty soon, a new raw material is going to be used to fuel power stations. In a promising development for green energy, the East London town of Beckton will become the world’s largest power station run on cooking waste. In the proposed plan, ”Thirty tons a day of waste will be collected from leftover cooking oil supplies at eateries and manufacturers, fat traps in kitchens and pinchpoints in the sewers – enough to provide more than half the fuel the power plant will need to run.” The end result is that the plant will be able to produce 130 Gigawatt hours a year of renewable energy, enough to power 40,000 average-sized homes. In addition, the project has another benefit in that, if the energy goes unused, the output will be able to be used by other Londoners outside of Beckton. As stated by Andrew Mercer, the chief executive of Thames Water and Utility company “2OC” who will purchase energy from the new power plant, “Our renewable power and heat from waste oils and fats is fully sustainable. When Thames doesn’t need our output, it will be made available to the grid meaning that power will be sourced, generated and used in London by Londoners.”[1]

The Beckton plant will not be unique with respect to using oils as an input for power plants. In fact several power plants, including the Wärtsilä Oil Power Plant in Finland already utilize the technology and have had success with energy output. Several other benefits arise when using oil as the primary input for energy extraction:

  • Fast start-up, less than 5 min from hot standby to full plant load
  • High efficiency resulting in low generation costs
  • Excellent long-term reliability[2]

Yet, it will be interesting to see what impact a power plant run entirely on cooking oils and fats will have on the environment. Much more refining will be needed in order to extract the pure biofuel and a powerplant of this kind is truly unique, despite sharing similarities with existing powerplants that run on oils. Nonetheless, it is refreshing to see that sustainable and socially conscious decisions are being made whose potential ramifications will affect millions of people. The thought of using cooking waste, which largely goes unused, being transformed into an energy source available to a growing population whose energy usage is outpacing supply, is exciting and will open the door for more projects with energy efficiency in mind. If successfully implemented, Beckton’s powerplant will truly question the way in which we fuel powerplants, and will show how we can transform trash into a pseudo green-conscious-treasure available to all.

Loaning Out the Green

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Here on LGBG we talk, rather frequently, on the intertwined relationship of the green movement and housing development. What we have not mentioned however is how to finance potential green improvements to your home. That is, not until now.

I recently came across an article in the English paper The Telegraph which detailed how some U.K. residents are taking out “Green Loans” to improve energy efficiency and reduce the carbon footprint of their homes. In the United States, homeowners often take out a Home Equity Loan in order to make improvements to their house, which ultimately may increase the value of the house when it comes time to put it on the market. Home Equity Loans are typically used to add an extension to your house, or to create a finished basement. Now however, one has the ability to obtain a Green Loan in order to reduce emissions, and create greater energy efficiency while subsequently adding to the aforementioned value of the homeowner’s residence; so long as the house is inspected by a Green Deal assessor.

These assessors, who work for the government, “…Provide home owners with reports containing a list of possible improvements, and how much these will cost against estimated annual savings on gas and electricity bills.”[1] The rationale is that, despite having to pay for the home improvements (which may cost tens of thousands of dollars) homeowners are better off in the long-run as energy usage will be more efficient, and the resulting green friendly label of the house will aid in boosting the building’s value.

I have no doubt that obtaining a Green Loan to improve the carbon footprint of one’s house is, on the whole, mutually beneficially in the long-run. Yet, banks and lenders also have a responsibility not to take advantage of would-be borrowers by charging exorbitant interest rates, or making the terms and conditions of the loan onerous to pay. Governments can positively influence green behavior by providing subsidies for borrowers who are looking to green-proof their homes directly (which already happens to a certain extent when homeowners purchase solar-panels for example and receive a tax credit) or indirectly to banks by providing them incentives, such as lowering reserve requirements, to lend out money at a low interest rates. Similarly, checks and balances need to be put in place so that borrowers are indeed using the loan to modify their house in green ways and not to pay off other debts or in ways otherwise non-tangential to improving energy efficiency in one’s home. In this way, both banks and borrowers win in the mutual goal of reducing homeowners’ carbon footprints, while also helping to promote a future in which we all live green, and be green.

[1] http://www.telegraph.co.uk/property/greenproperty/9924717/Eco-living-could-you-take-out-a-Green-Deal-loan.html

LGBG Spotlight: The G.R.E.E.N. Journey

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Here at LGBG by PMD United, we continuously aim to assemble a team of researchers and writers dedicated to our fundamental philosophies of learning new things and sharing that knowledge.  Everyday our team members converse over topics and entries, and seldom do we find and mine information on such impressive initiatives as that of the Green Global Renewable Energy Education Network (or GREEN, for short).

GREEN is a fantastically young organization that realizes the importance of today’s impact on tomorrow.  Like LGBG, GREEN supports the expanse of knowledge, specifically regarding sustainability and renewable energy.  However, GREEN goes one step further and works to increase awareness through more meaningful, first-hand experiences.

What exactly does GREEN do, you ask, that has us here at LGBG so impressed?  Well, we believe a quick look at the organization’s early body of work can speak volumes for itself.

Say, perhaps, that someone in college is interested in pursuing further knowledge about heightened sustainability practices and renewable energy options.  Suppose also that this individual prefers not the conventional ways of the classroom but rather, if given the opportunity, would opt for more hands-on learning in a heartbeat.  Cue GREEN and its program.

GREEN assembles groups of highly motivated and top-performing college students from around the world to immerse them in a twelve-day, all-inclusive Costa Rican adventure.  The center of attention is undoubtedly on education, and fittingly, GREEN’s program design makes skillful use of all that Costa Rica has to offer.  In fact, as the current hotbed of renewable energy technologies, the country offers students the unique opportunity to learn about and experience five main types of alternative energy that power eighty percent of Costa Rica – hydroelectric, biomass, geothermal, wind and solar.

One of the major foci of the GREEN organization is supplementing typical classroom learning with a more hands-on approach, so as to further progress the students towards future career goals.  The GREEN program’s outside-of-the-classroom learning experience covers career interests in business, engineering, ecology and public policy.  With GREEN-assembled industry experts at the helm of all discussions and instructional sessions, and with managers, engineers, and operators heading all plant tours, students can rest assured that they are receiving a top-notch educational experience.

Students who participate in the GREEN program clearly share a passion for sustainability and renewable energies.  But there is one more thing students of each and every session can agree upon – perhaps the most fulfilling aspect of the trip is teaming their passions and newfound knowledge to complete the keynote project of GREEN’s program.  (The final project entails formulating their own green programs that are attainable on a university- or college-wide level, which students can potentially bring back with them and initiate at their respective institutions.)  GREEN is very proud to acknowledge that, in addition to the great network of alumni the program offers, graduate students have also taken advantage of the opportunities GREEN provides by pursuing excellence in internships and entry-level positions within the sustainability programs of major corporations like GE.

Don’t be completely fooled, however.  Although GREEN means business, and there is a very comprehensive list of well-planned informational activities, there is also time for play to be adequately mixed in with the work.  Students have some downtime during which they can explore the beautiful landscape and activities Costa Rica has to offer.  From enjoying the physical features of the landscape to delving further into cultural centers of the country, the possibilities for fun and learning prove endless.

Overall, LGBG proudly endorses, to the highest extent, the programs and initiatives set forth and carried out by GREEN.  It is precisely through this kind of igniting and continually feeding the green flame of knowledge, that People Making a Difference United firmly believes the future can be changed for the better.  Dedicated to that same cause, obviously, is the Green Global Renewable Energy Education Network (GREEN), and for that, we offer our sincerest praise to the organization.

To our readers, LGBG urges you to learn more of the GREEN program by visiting the official website, www.thegreenprogram.com, now.