JAMAICANS looking to make the shift to electric vehicles (EVs) are being urged by insurers to ensure they purchase the vehicles from a locally registered new car dealer or they may have issues getting them insured.

The issue came to light on Monday when an X (formerly Twitter) user posted that a friend bought an EV but could not get it insured.

The Jamaica Observer reached out to the person behind the post and was put in touch with Dr Dwight Robinson, a lecturer in the Department of Life Sciences at The University of the West Indies, Mona, who said he was the person being referred to.

Robinson told the Business Observer that in September last year he purchased an EV but was given what he calls “the shock of his life” when he tried to get it insured with his insurer, Insurance Company of the West Indies (ICWI).

“I was very surprised that when I went to them to get insurance, after having two other cars insured with them, I was told that I can’t get comprehensive insurance for the EV and so I had to take third-party insurance on that one,” Robinson recalled in an interview with the Business Observer.

He said when he asked for an explanation about the challenges and the risks associated with owning an EV, which would exclude it from being comprehensively insured, he was told that the company just doesn’t insure EVs comprehensively.

“They didn’t even attempt to give me an explanation, only just telling me that they don’t insure EVs comprehensively and that it is just company policy,” he continued. Robinson said he has subsequently lost the vehicle to thieves and questioned how the Government policy to drive EV ownership would fare if owners can’t get comprehensive insurance for them, especially given that most people would have to borrow money to purchase a car, while most banks will not lend the money unless the vehicle is comprehensively insured.

“I had to find a way to finance it myself because I couldn’t get it comprehensively insured,” Robinson highlighted. “I can’t see how persons who wish to make this shift to help to create a more green environment can do so if they don’t have the resources to buy the car upfront,” he added.

Robinson said the issue is something the Government should “look on more than the 10 per cent duties to nudge insurance companies to insure [EVs] comprehensively”.

The Business Observer contacted Paul Lalor, president of ICWI, about the matter, who, after checks, said the company would only refuse to insure an EV under two conditions, once the other risk factors are accounted for: if it is a car imported by an individual or entity that is not one of the registered new car dealers or if it is an imported used EV.

“The rule is, once the car comes from a registered local dealer we will insure it comprehensively,” Lalor told the Business Observer in an interview Tuesday. He reeled off a list of new car dealers, including ATL, Stewarts Auto, Magna Motors, and Toyota, who either sell EVs or have announced an intention to sell EVs, adding that ICWI insures the EVs they sell.

“Electric cars are a learning experience for all of us (especially the insurance sector),” he added. “What we can’t guarantee is the cost of repairs. If the car gets into a collision we don’t have any idea how they are going to get it fixed.”

Lalor said there may be other insurers who are braver than ICWI, however, “As the market develops, I am sure you will see us getting more and more comfortable with insuring these cars.”

When that time comes, he said, insurers may even extend to insuring second-hand EVs that may come into the country as they feel more comfortable with repairs.

“What we are not comfortable doing yet, because we don’t know enough about it, and we have not gotten the experience from it, is to take a second-hand domestic out of Japan that comes to Jamaica used and then gets into an accident. We don’t know where we are going to get the parts and so will not insure it,” he said.

Lalor even said if the car at the time of importation is brand new, but not brought in by one of the new car dealers, the motorist will find issues getting it insured at ICWI.

“Once it comes in from a dealer, and you are buying it brand new, once it’s bought that way, we will insure it comprehensively. We will, however, not insure a brand new EV that is imported by anyone or entity other than one of the local new car dealers. There may be other companies that do, but we want to trust the training that the dealers have before they bring the cars in,” he said as justification for the policy.

He said he knows for example that the ATL Group will be selling the Chinese-made EV brand BYD and that their “guys have been to China to learn how to fix the cars and people from BYD have also been here to train them. So that’s what we are trusting”.

Lalor had a final recommendation for those who want to own an EV.

“We are recommending to people buying EVs that they buy from the local dealers initially and then that way, from ICWI’s perspective, we can insure it comprehensively.”

He told the Business Observer to check with Robinson to ascertain if the EV he sought insurance for was bought locally from a new car dealer or imported by himself. Lalor added that he believes the client’s insurance request was turned down because the car was imported by Robinson and not bought through a local dealer. Efforts to get clarity from Robinson failed, with calls to his cellphone going unanswered.

Jamaica Observer

WASHINGTON, United States, (AFP) – The International Monetary Fund’s (IMF) executive board approved the disbursement of around US$866 million for Jamaica on Thursday as part of two loan programmes designed to strengthen the country’s economy against multiple shocks.

“Important progress has been made on the fiscal reform agenda,” IMF Deputy Managing Director Antoinette Monsio Sayeh said in a statement announcing the completion of the first review into the agreements signed in March.

That progress includes reform of the Caribbean nation’s public wage structure and improvements to its fiscal policy framework.

Jamaica’s economy has bounced back following a challenging period during the COVID-19 pandemic.

The IMF said in March it expects the country’s real GDP growth reached around four percent last year, but warned of risks ahead from a range of factors, including the lingering impact of the war in Ukraine.

On Thursday, the IMF board made available around US$611 million under an agreement it has previously said is designed “to provide insurance against risks from higher commodity prices, a global slowdown, tighter-than-envisaged global financial conditions, and new COVID outbreaks.”

A further US$255 million was made available Thursday under a second loan agreement aimed at strengthening Jamaica’s resilience to climate change and better-preparing it for decarbonisation and the transition to a greener economy.

The Jamaican authorities have been “advancing their ambitious climate policy agenda to increase resilience to climate change and green the economy,” Sayeh said.

Jamaica Observer 

Earlier in January, Finance Minister Dr Nigel Clarke announced that the Jamaican Government is removing the duty on European vehicles imported into the country.

This action stemmed from the economic partnership agreement (EPA) signed between Jamaica and the European Union (EU) back in 2008. The EPA, a free trade agreement aimed at fostering trade and investment between the two regions, has paved the way for a surge in accessibility and competition within Jamaica’s automotive market.

Specifically, for Chapter 87 goods, which include motor vehicles, duty breakdowns have been established to facilitate imports. For instance, motor vehicles with engine capacities exceeding 1000cc but not exceeding 1500cc, imported by individuals using gasoline, which previously attracted an import duty of 20 per cent now attract a 0 per cent import duty rate under the EPAs, while the General Consumption Tax (GCT) remains at 15 per cent and the Special Consumption Tax on Fuel (SCTA) at 20 per cent.

In the case of electric vehicles imported by individuals, with an electric motor for propulsion and manufactured within the past three years, a preferential import duty rate of 0 per cent is applied. Similarly, the GCT remains at 0 per cent, exempted under the GCT Act, while the SCTA stands at 0.5 per cent.

The Jamaica Customs Agency (JCA) has published a guide on the requirements to qualify for duty exemption, which can be found on its website:

  • The vehicles must be manufactured or made in any of the EU member states or the United Kingdom.
  • The vehicles must meet the requisite origin criteria.
  • Vehicles with a date of report prior to January 1, 2023, are not eligible to access preferential rates of 0 per cent under the EPAs.
  • A valid, original Movement Certificate EUR.1 must be submitted with your import declaration or a declaration given by the exporter on an invoice, a delivery note, or any other commercial document which describes the products concerned in sufficient detail to enable them to be identified.
  • Vehicles must be directly consigned from the exporting EU/UK member state to Jamaica.

Speaking with Our Today, Lynvalle Hamilton, president of Jamaica Used Car Dealers Association (JUCDA), said, “While there are some dealers who are seeing benefits from the duty changes, not a wide selection of the used car dealers opt to import European vehicles due to the high prices coming out of the UK, the better option for them is usually vehicles coming out of Japan.”

Christina Taylor, group marketing manager at ATL Automotive Group confirmed with Our Today, that ATL has not yet obtained units that benefit from the duty removal.

Taylor was mum, however, as to when these new vehicles would arrive in the country.

While she was unable to reveal specific sales information, she confirmed that among motor vehicles where the removal of duty under the EPA applies, the savings will be passed on to customers.

OUR Today

It’s no secret, there are a lot of solar panels on the market. Many promise different results from lower prices to better aesthetics. But what factors should you weigh when evaluating which solar provider to choose? It all comes down to these 3 things – efficiency, durability and warranty.

Efficiency

SunPower® solar panels are widely known to be the most efficient on the market*. That’s because SunPower solar cells are unobstructed by metal gridlines across the top, unlike most conventional solar cells. That means that there is plenty of open space for each solar cell’s unique light-trapping surface to absorb more than just visible light rays such as ultraviolet and infrared light.

SunPower also uses intra-digitated back contact technology, meaning all of the wires that carry the electricity from each cell in the solar panel are placed onto the back. This eliminates shading and helps SunPower solar panels generate more energy, even when the weather isn’t ideal. SunPower’s technology and strategic design give its solar panels the ability to harvest more sunlight than conventional solar panels.

Durability

In addition to their design for efficiency, SunPower solar panels were also created with durability in mind. SunPower solar cells have a strong copper backing that is resistant to corrosion and weathering. This is incredibly important because solar panels sit on rooftops and are subject to harsh temperature and weather changes. Exposure to the elements causes all solar panels to degrade over time. But the rate of degradation can vary heavily from one solar panel provider to another. For a conventional solar panel, this reduction of power output happens at an average rate of 0.5% each year. But a SunPower solar panel degrades much more slowly at only 0.25% each year. That’s a big difference and illustrates just how durable SunPower solar panels are.

Warranty

Not all warranties are created equal. To find the real value behind a warranty, homeowners should look past just the years a solar system is covered. Some solar companies have warranties that only cover the materials but not the loss of power production. Or, they source parts from different manufacturers, leaving you with multiple warranties to sort through. SunPower offers the most comprehensive warranty in the industry, with coverage spanning both power and product. In addition, SunPower is the only company that stands behind the entire solar system, not just the panels. In the rare likelihood that something does go wrong, you only need to contact one company to fix the issue – SunPower.

But SunPower doesn’t just stop at the product. We also guarantee that your panels won’t lose more than 8% of their original DC power output in 25 years. When compared to conventional solar providers that only guarantee 19%, there’s a clear winner.

When deciding which solar panels are right for your home, do yourself a favor and evaluate which option delivers the most overall value. Chances are, you’ll land on SunPower as the obvious choice.

The Public Service Company of New Mexico is asking for project proposals, including renewables and battery storage, designed to help reach its coal-free goal by 2031.

It’s an ambitious, audacious goal.

In its 20-year 2017 Integrated Resource Plan submitted to the New Mexico Public Regulation Commission (NMPRC)earlier this year, Public Service Company of New Mexico (PNM) announced its intentions to be coal-free by 2031. Now it’s taken the first steps toward reaching those goals.

Last week, the state’s largest utility issued a request for proposals (RFP) for 456 MW of new generation resources, including renewable resources and battery storage. The RFP is predicated on the assumption that the utility’s San Juan Generating Station does not continue to operate post 2022.

The inclusion of battery storage in the RFP is part of a new NMPRC mandate that all the state’s utilities include those options in their future plans. The mandate was implemented in August.

In its August decision, the NMPRC said the original 2008 regulation that mandated IRPs didn’t take storage into account because the technology wasn’t sophisticated enough, and what did exist was too expensive. Now the technology is more easily deployable, adding them to the list of requirements makes far more sense – and PNM has taken the commission’s requirements into consideration with its new RFP.

But with new technologies available and prices coming down, the NMPRC decided the time was right to add it to the data requirements included in the reports.

PNM wants proposals that will help its portion of the grid provide the necessary reliability requirements and minimum operating resources that will meet North American Electric Reliability Corporation (NERC) and Western Electricity Coordinating Council (WECC) criteria.

PV Magazine 

A joint study by Finland’s Lappeenranta University of Technology and Energy Watch Group presented on the sidelines of the COP23 talks in Bonn demonstrates that a global transition to 100% renewable electricity could be achieved by 2050, and would be more cost effective than the current electricity system.

Longi Solar

The study, ‘Global Energy System Based on 100% Renewable Energy – Power Sector’ was presented during the Global Renewable Energy Solutions Showcase event, a sideline to the United Nations Climate Change Conference COP23 currently underway in Bonn.

The study’s key overall finding is that a global shift to 100% renewable electricity is feasible with current technology, and would be more cost effective than the current system led by fossil fuels and nuclear generation.

The study found that in a projected scenario for energy demand in 2050, 100% could be met by current renewable technologies, at a global average LCOE of €52/MWh, compared with 2015’s average LCOE of €70.

In EWG’s 2050 scenario, solar PV covers 69% of electricity demand, wind 18%, hydro 8% and bioenergy 2%. The study predicts that wind will briefly overtake solar in the 2020s, before further price drops put solar back in the lead.

Storage is outlined as the key supporting technology for solar, with around 31% of total demand covered by storage technologies. 95% of this is projected to come from short term storage provided by batteries, with power to gas conversion providing seasonal storage.

“There is no reason to invest one more dollar in fossil or nuclear power production,” exclaims EWG President Hans Josef. “All plans for a further expansion of coal, nuclear, gas and oil have to be ceased. More investments need to be channeled in renewable energies and the necessary infrastructure for storage and grids. Everything else will lead to unnecessary costs and increasing global warming.”

The report is based on an original model developed by Lappeenranta University of Technology, which calculates the most cost-effective mix of technologies based on available resources in 145 regions for a full reference year. The full study is published here.

Only time will tell whether this study’s recommendation will translate into reality. As lead author Christian Breyer sums up: “Energy transition is no longer a question of technical feasibility or economic viability, but of political will.”

PV Magazine

UN CLIMATE CHANGE PRESS RELEASE / 10 NOV, 2017

Environmental campaigners on Thursday slammed a proposal to reform the European Union’s emissions trading system, saying it undermines international efforts to curb climate change.

The European Commission said the preliminary agreement between the EU Parliament and member states will strengthen the bloc’s emissions trading system after 2020 and would put the bloc on track to achieving “a significant part of its commitment” under the Paris Agreement.

Some 195 countries are currently taking part in talks in Germany aimed at implementing the 2015 climate accord.

Environmental group WWF said that while the deal will reduce the oversupply of emissions allowances that had weighed on the market, heavily polluting sectors will continue to get emissions certificates worth billions of euros for free until 2030.

“You couldn’t make it up,” said Sam Van den Plas, a climate specialist at WWF’s European policy office. “While EU negotiators at COP23 in Bonn are making progress on the Paris Agreement, EU decision-makers back in Brussels are busy undermining it.”

“Today’s shameful agreement … means Europe’s largest emitters will be paid to pollute, rather than having to pay,” he added.

The Climate Action Network Europe, an alliance of environmental groups, said the EU deal would throw a lifeline to the continued use of coal, one of the most polluting forms of fossil fuel.

“Instead of making polluters pay, the EU decided to do the exact opposite,” said Wendel Trio, the group’s director of CAN Europe. “It allowed its flagship climate tool to continue subsidising coal plants.”

Several European countries, especially Germany and Poland, still rely heavily on coal to produce electricity.

On Thursday, former New York City mayor Michael Bloomberg announced he is donating US$50 million to encourage countries outside the United States to move away from coal. Bloomberg has already spent US$64 million to campaign against the use of coal in America.

Gleaner

Concentrations of CO2 in the Earth’s atmosphere surged to a record high in 2016, according to the World Meteorological Organization (WMO).

Last year’s increase was 50% higher than the average of the past 10 years.

Researchers say a combination of human activities and the El Niño weather phenomenon drove CO2 to a level not seen in 800,000 years.

Scientists say this risks making global temperature targets largely unattainable.

This year’s greenhouse gas bulletin produced by the WMO, is based on measurements taken in 51 countries. Research stations dotted around the globe measure concentrations of warming gases including carbon dioxide, methane and nitrous oxide.

The figures published by the WMO are what’s left in the atmosphere after significant amounts are absorbed by the Earth’s “sinks”, which include the oceans and the biosphere.

Climate change: a guide

A brief history of Earth’s CO2

Global Change Calculator

2016 saw average concentrations of CO2 hit 403.3 parts per million, up from 400ppm in 2015.

“It is the largest increase we have ever seen in the 30 years we have had this network,” Dr Oksana Tarasova, chief of WMO’s global atmosphere watch programme, told BBC News.

“The largest increase was in the previous El Niño, in 1997-1998 and it was 2.7ppm and now it is 3.3ppm, it is also 50% higher than the average of the last ten years.”

El Niño impacts the amount of carbon in the atmosphere by causing droughts that limit the uptake of CO2 by plants and trees.

Emissions from human sources have slowed down in the last couple of yearsaccording to research, but according to Dr Tarasova, it is the cumulative total in the atmosphere that really matters as CO2 stays aloft and active for centuries.

Over the past 70 years, says the report, the increase in CO2 in the atmosphere is nearly 100 times larger than it was at the end of the last ice age.

Rapidly increasing atmospheric levels of CO2 and other gases have the potential, according to the study to “initiate unpredictable changes in the climate system… leading to severe ecological and economic disruptions.”

The study notes that since 1990 there has been a 40% increase in total radiative forcing, that’s the warming effect on our climate of all greenhouse gases.

“Geological-wise, it is like an injection of a huge amount of heat,” said Dr Tarasova.

“The changes will not take ten thousand years like they used to take before, they will happen fast – we don’t have the knowledge of the system in this state, that is a bit worrisome!”

According to experts, the last time the Earth experienced a comparable concentration of CO2 was three to five million years ago, in the mid-Pliocene era. The climate then was 2-3C warmer, and sea levels were 10-20m higher due to the melting of Greenland and the West Antarctic ice sheets.

Other experts in the field of atmospheric research agreed that the WMO findings were a cause for concern.

“The 3ppm CO2 growth rate in 2015 and 2016 is extreme – double the growth rate in the 1990-2000 decade,” Prof Euan Nisbet from Royal Holloway University of London told BBC News.

“It is urgent that we follow the Paris agreement and switch rapidly away from fossil fuels: there are signs this is beginning to happen, but so far the air is not yet recording the change.”

Another concern in the report is the continuing, mysterious rise of methane levels in the atmosphere, which were also larger than the average over the past ten years. Prof Nisbet says there is a fear of a vicious cycle, where methane drives up temperatures which in turn releases more methane from natural sources.

“The rapid increase in methane since 2007, especially in 2014, 2015, and 2016, is different. This was not expected in the Paris agreement. Methane growth is strongest in the tropics and sub-tropics. The carbon isotopes in the methane show that growth is not being driven by fossil fuels. We do not understand why methane is rising. It may be a climate change feedback. It is very worrying.”

The implications of these new atmospheric measurements for the targets agreed under the Paris climate pact, are quite negative, say observers.

“The numbers don’t lie. We are still emitting far too much and this needs to be reversed,” said Erik Solheim, head of UN Environment.

“We have many of the solutions already to address this challenge. What we need now is global political will and a new sense of urgency.”

The report has been issued just a week ahead of the next instalment of UN climate talks, in Bonn. Despite the declaration by President Trump that he intends to take the US out of the deal, negotiators meeting in Germany will be aiming to advance and clarify the rulebook of the Paris agreement.

BBC

So … that was fast. US natural gas stakeholders barely had time to congratulate themselves for pushing coal out of the power generation market, and it looks like karma is already getting the last laugh. Low-cost renewable energy is beginning to nudge natural gas aside. In the most recent and striking development, California’s massive 262-megawatt Puente gas power plant proposal has been shelved, perhaps permanently.

Electricity Consumers Push Back On Natural Gas

Reporter Ivan Penn of the LA Times has the scoop on the Puente project, and he teases out several powerful forces at work against natural gas.

One key element is consumer pushback. At first glance, the proposal doesn’t seem overly controversial. The proposed plan, a project of NRG Energy, does not involve constructing a new facility. It would have replaced two existing gas units at the company’s existing Mandalay power generation facility in Oxnard, California.

All things being equal, the proposal would provide at least some degree of environmental benefit, because the new units would use 80% less water for cooling than the existing ones.

However, criticism of the new gas project was intense. Penn sums it up: earlier this month, a two-member review committee of the California Energy Commission took the rare step of issuing a statement recommending that the full Commission reject the plans after receiving “hundreds of messages protesting the project as another potential pollution threat to a community already overwhelmed by electricity-generating plants.”

The Rates Are Too Damn High

Aside from concerns about local air quality, Penn also cites an LA Times investigation indicating that the state’s energy policy has over-estimated the demand for natural gas power plants, resulting in artificially high rates:

“The commissioners’ recommendation followed Los Angeles Times investigations that showed the state has overbuilt the electricity system, primarily with natural gas plants, and has so much clean energy that it has to shut down some plants while paying other states to take the power California can’t use. The overbuilding has added billions of dollars to ratepayers’ bills in recent years.”

According to Penn, NRG officials maintain that older plant retirements by 2021 make replacement imperative to build up now.

At current costs, local ratepayers won’t get much relief if old power units are replaced with wind or solar.

My Beach, My Choice

Land use issues and environmental justice issues also come into play. NRG’s Mandalay power generation facility is located on the beach, and as NRG acknowledges, in 2014 the City of Oxnard enacted a moratorium on coastal development.

That complicates development plans within the power plant site, though NRG emphasizes that the final decision rests with state-level regulators.

Among those objecting to the plant from outside the local community is billionaire investor Tom Steyer, who co-authored an op-ed about the proposed facility raising the environmental justice issue:

“…in our state, not all beaches are created equal. That becomes painfully clear if you drive 50 miles north of Los Angeles to Oxnard, where the beaches have been seized by corporate polluters, marred by industrial waste and devastated by three fossil-fuel power plants that sit along the shoreline.

“Oxnard has more coastal power plants than any other city in the state, and not coincidentally, its population is predominantly Latino and low-income….”

Oxnard residents — and no doubt, real estate developers — are looking forward to transitioning coastal property out of industrial use altogether. Here’s LA Times reporter Dan Weikel on that topic:

“Many residents of this predominantly Latino city with a population of 205,000 say they are fed up with the degradation. Their growing dissatisfaction with the condition of large sections of beach has coalesced into an effort to deindustrialize and restore the shoreline of this city that is framed by Ventura and Camarillo and wraps around the town of Port Hueneme.”

So, What’s The Solution?

The Puente project has been suspended, not canceled. However, chances of revival are slim. Although the most recent study affirms that renewable energy is a more expensive choice currently, Steyer points out that the redevelopment of Oxnard’s beachfront could be balanced out by new economic activity related to tourism and recreation.

That opens up a whole ‘nother can of worms, as waterfront development typically drives up the cost of housing, squeezing former residents to outer rims with longer commutes and fewer resources.

Sticking to the energy cost issue, the basic problem comes down to local energy vs. long distance transmission.

NRG makes the case that local energy generation is more reliable. That’s a fair assessment as a general principle, as the old model of centralized power plants falls out of favor. Local and on-site generation is becoming a consensus argument among energy experts, regardless of the power source.

On the other hand, the risk involved in transmitting electricity from remote wind farms and solar power plants could be offset by local storage sites, where the growing microgrid movement would come into play.

New tools for financing energy efficiency improvements could also help tamp down local energy demand and ease the way for a more interactive grid that enables consumers to tweak their electricity consumption to help prevent outages.

Cities like Oxnard can also tap into a growing renewable energy knowledge base that leverages local opportunities for renewable energy development and energy efficiency improvements.

Most of all, the Trump administration’s willy-nilly approach to oil and gas development — for example, a new proposal involving drilling along the Pacific coast — raises the stakes for citizens far outside of the communities dealing with local land use issues, leading to a groundswell of support for alternatives.

Clean Technica