Thursday, January 3, 2013

The world to burn as much coal as oil by 2017

OUR addiction to fossil fuels shows no sign of waning. An International Energy Agency report predicts that global coal use will continue to grow over the next five years.

Demand for coal will increase everywhere except the US, where cheap gas extracted by hydraulic fracturing or fracking will exceed it. By 2017, coal use will equal that of oil, currently our biggest energy source.

This is terrible news for the climate. Coal produces more greenhouse gas per unit of energy than any other fossil fuel. Yet even developed countries like Germany, scaling back on nuclear power after the accident at Fukushima Daiichi, Japan, in 2011, are building more coal-fired power stations. "This is going backwards," says Stuart Haszeldine at the University of Edinburgh, UK.

If more coal is to be used, then the only chance we have to limit warming to 2 ?C is to capture the greenhouse gases it emits when burned. Carbon capture and storage (CCS) technology is available, but the political will to implement it has so far been lacking, says Haszeldine.

The European Union has set aside ?275 million for CCS, but said in December that no projects had been awarded any money, mostly because their host countries had failed to stump up their required contribution.

Ultimately, CCS will have to be rolled out far beyond the EU. "Solving carbon emissions from coal means solving them in India and China, who will be burning two-thirds of global coal by 2017," Haszeldine says.

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Wednesday, January 2, 2013

Real Estate Management For Buildings of All Types | Surfing Dinosaur

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Source: http://surfingdino.com/real-estate-management-for-buildings-of-all-types/

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Positive Housing Predictions for 2013 | Daily Business News

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BusinessInsider tells MHProNews John Burns Real Estate Consulting offers the following five predictions of what will happen in the New Year in the housing market, ?Assuming our leaders in DC come to some sort of agreement that keeps the economy growing and interest rates low, which seems like the most reasonable assumption.?

  • Investors and flippers will be more prominent as they realize the potential return on real estate investing.
  • Foreclosed borrowers who are now renting will return en masse because they are paying more in rent than a house payment. The Federal Housing Administration (FHA) and the Dept. of Veterans Affairs offer low down payments loans around 5%.
  • First-time homeowners who have been waiting for the bottom will now see prices rise in their desired neighborhood and begin to buy.
  • Seniors who have sufficient equity in their current homes will purchase a home better suited to their lifestyle, possibly including room for an adult child or aging parent.
  • This past year?s price appreciation has raised one million borrowers from under the water, and continuing appreciation will raise them more.

(Image credit: firstbanktrust)

Categories: Advocacy, Business, Economy, home buyers, News Item, Trends Tags: adult child, assumption, borrowers, dept of veterans affairs, economy, Federal Housing Administration, FHA, first time homeowners, flippers, Housing Market, Interest Rates, john burns, lifestyle, Loans, MHProNews, neighborhood, new year, one million, price appreciation, real estate consulting, Seniors

Source: http://www.mhmarketingsalesmanagement.com/blogs/daily-business-news/positive-housing-predictions-for-2013/

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House scraps vote on Superstorm Sandy aid (CNN)

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