ESCO’s covered in Forbes e-Magazine

Forbes online version of  the magazine published on 28 October 2011 Tom Konrad writes a useful article about ESCO’s in the USA (link) , the blog is focused on green stocks, and this piece cites Lime Energy Co (NASD:LIME)  but it also discusses the ESCO model widely accepted in US and one which we at HAESCO promote here in Hong Kong, China and Asia.

Pathways to Low Carbon Economy Abatement Curve 2009 V2

Pathways to Low Carbon Economy Abatement Curve 2009 V2




The above graphic pull from McKinsey’s (link) 2009 report titled “Pathways to Low Carbon Economy V2 “nicely illustrates what we know already, building efficiency improvements offer the largest area of lowest cost opportunities.

Bundling

Some background, the cost of investment and carbon saved from a single large building project just doesn’t interest the city, it’s too small.  For high flying investors, and financiers capital in the region of US$ 10-50 million is interesting.

So for buildings to achieve this scale several projects needed to be packaged or bundled together. Then the quantity of energy efficiency work, the CAPex, and the CO2 credit could reach significance to allow the project proponents to achieve scale and Co2E quantities saleable in the market. Significance is the key word, I mean just offering a few tonnes of REC’s (Carbon Credits or equivalent) is not a transaction that most firms and broker would consider worth the effort.


[event] HAESCO / FOE energy forum 2 June 2009

Energy Services Business Forum

HAESCO, and our co-organiser Friends of the Earth (HK) cordially invite entrepreneurs, government officials and the legislative delegates to join this energy forum.  Activities will be separated into sections, such as:

(i) sharing experience of some successful cases in energy services companies;

(ii) group discussions

(iii) is there any financial arrangement can be offered by government;

(iv) how to effectively utilize the “Green Hong Kong • Carbon Audit” campaign funded by Environment and Conservation Fund ($450 million), etc.

Date: 2 June 2009 (Tuesday)
Time: 14:00-18.00 pm
Venue:
Business Environment Council Exhibition Centre and Auditorium
G/F., Jockey Club Environmental Building,
77 Tat Chee Avenue,
Kowloon Tong,
Hong Kong.

Language: Cantonese

Cost: Free

Registration: please return the reply form via fax (no. 2529 2777) to Angus Wong, or via email (angus@ foe.org.hk)

Please contact FOE directly to register.

Book today! places are limited.

click here to download registration form CHINESE (PDF)

English form (PDF)

UPDATE:

Keynote by HAESCO’s Vice-Chairman Mr John Herbert


Energy Exhibition Area

Only ten booth areas for exhibitors are available for only HKD 800. HAESCO members enjoy 20% special discount for promoting your energy goods and services at this event.


Economics of climate change Asia

Click cover to read report

Click cover to read report

Yesterday (27 April 2009) ADB issued their report “The Economics of Climate Change i Southeast Asia: A Regional Review” (download report, 10MB, PDF).

One of the five sectors to help mitigate climate change is as expected the energy sector.

The study observed that climate change is already affecting Southeast Asia, with rising temperature,
decreasing rainfall, rising sea levels, increasing frequency and intensity of extreme weather events leading to massive flooding, landslides and drought causing extensive damage to property, assets, and human life. Climate change is also exacerbating the problem of water stress, affecting agriculture production, causing forest fires, degrading forests, damaging coastal marine resources, and increasing outbreaks of infectious diseases.

The report urges that Southeast Asian countries should treat adaptation as an extension of sustainable development practices. Its key elements include: adapting agricultural practices to changes in temperature and precipitation; adapting water management to greater risk of floods and droughts; adapting coastal zone management to higher sea levels; safeguarding forest areas from forest fires and degradation; adapting people to threats of vector-borne infectious diseases. Southeast Asia countries need to take timely action to adapt to climate change, build resilience, and minimize the costs caused by the impact driven by GHG emissions that have been locked into the climate system.

The key word is action, we need to help create action today.

FOE Survey Results and press

HAESCO members will recall that  FoE HK (Friend’s of the Earth http://www.foe.org.hk) recently conducted a survey concerning the energy sector and ESCO’s in Hong Kong.

FoE HK released their findings in a press conference last week, with some HAESCO members also attending.  Courtesy of FoE’s Catherine Lau, here is a link for PDF document (750k) with the resultant Chinese and English press clippings from the local press (Sunday, 19 APril 2009):

http://www.haesco.hk/press/2009-04-ESCO_survey.pdf

Here is a link to see a video news clip by ATV (Chinese only):

http://www.hkatvnews.com/v3/share_out/_content/2009/04/19/atvnews_128529.html

FoE’s press release:

Four Billion Dollars’ Market
On Government’s Call

Press Release 8/4/2009

Friends of the Earth (HK) welcomes the governments allocation of a $450 million budget to subsidize the carbon audit and energy efficiency projects of private buildings. This is a step towards the establishment of an energy efficiency industry. FoE (HK) believes an energy conservation market approximating to $4 billion fits the Chief Executive¡¦s vision of developing a green economy while creating jobs, in addition to responding to two environmental issues of air pollution and climate change.

While providing a matching grant for the new energy conservation initiative, the government should not waste time at legislating for Mandatory Building Energy Efficiency Code within the current legislative year to step up the energy efficiency performance. But more importantly, the government should set a citywide energy conservation target to instill a public awareness on the importance of energy reduction.

From 1997 to 2008, the population of Hong Kong has increased by 7.6% while a 27 % increase of electricity consumption was recorded. The exponential growth of electricity use, disproportional to population growth, leaves huge room for energy reduction. The Power Smart contest organized by FoE (HK) last year managed to cut over 1.2 million kwh of electricity within three months, an equivalent of a $10 million electricity bill, which demonstrated how easily it can be saved.

FoE (HK) believes $4 billion savings from electricity use can be translated into an enormous energy conservation market. An energy conservation industry made of energy consulting firms, energy providers for lighting, air conditioning and electricity control, can provide energy services by contract to building owners and private companies with tailor-made energy efficiency plans. The industry can also yield profits by promoting energy saving products or technology, which requires extra manpower. The benefits of a green economy are many: creating jobs, stimulating economy, reducing air pollutants, etc.

The spokesperson of FoE (HK) says, ¡§We use energy wherever we go or stay. A green economy is local, which grows on where it budded.¡¨ Hong Kong provides a fertile soil for the technological development and management of the energy conservation industry, from where experiences could be exported to the mainland.

FoE (HK) recommends the following to the government for the creation of an energy conservation industry:
1) Speedy implementation of Mandatory Building Energy Efficiency Code
2) Set up a citywide energy conservation goal
3) Facilitate energy conservation by listing energy service providers on government websites
4) Provide loans to energy service providers

**** END

Here are the links for the FOE Survey results (English and Chinese) provided by FOE:

http://www.haesco.hk/press/20090419_press release_Eng.pdf
http://www.haesco.hk/press/20090419_pressrelease_Chi.pdf