United Nations Climate Change
Our aim is to help our clients understand the potential opportunities and challenges that COP25 may have on their business.
SSR, an independent investment research company, estimated in May that electrification of the entire 260 million US vehicle fleet would increase electricity demand by a third . . . . The North American Electric Reliability Corporation says in its “2017 Summer Reliability Estimate,” released in late May, that US electricity reserve margins this summer range from a high of 31.91 percent in SERC-SE, the part of the grid covering all or portions of Alabama, Mississippi, Georgia and Florida, to a low of 17.45 percent in ERCOT, which serves Texas. ERCOT is projecting reserve margins above 18 percent in four of the next five years. ERCOT total generating capacity is 82,000 megawatts. The 2017 summer peak demand is expected to reach 73,000 megawatts.
IMO 2020 is almost upon us. Readers are well aware of the impending switch to 0.5 percent fuel mandated by Annex VI of MARPOL which will cause an anticipated drop in HSFO demand, the potential hazards of new untested LSFO blends, the concerns around scrubber operations, the debate over open loop versus closed loop, and the myriad of other risks associated with the impending regulatory change.