Asian Crisis Essays (743 words) - Economy, Stock Market Crashes

Asian Crisis A large economic downturn in East Asia threatens to end its nearly 30-year run of high growth rates. The crisis has caused Asian currencies to fall 50-60%, stock markets to decline 40%, banks to close, and property values to drop. The crisis was brought on by currency devaluations, bad banking practices high foreign debt, loose government regulation, and corruption. Due to East Asia's large impact on the world economy, the panic in Thailand, Indonesia, Korea, and other Asian countries has prompted other Countries to worry about the affect on their own economies and offer aid to the financially troubled nations (The Great Wave). The East Asian crisis has affected almost all of the Asian Nations, but the three hardest hit countries are Thailand, Indonesia, and South Korea. The panic began in Thailand in May of 1997 when speculators, worried about Thailand's slowing economy, excessive debt, and political instability devalued the Baht (Thailand currency) as they fled for market-driven currencies like the American dollar. Indonesia's economy soon fell soon after when the rupiah hit a record low against the U.S. dollar. Indonesia is plagued by more than $70 billion worth of bad debts and a corrupt and inefficient government. Thailand and Indonesia also suffer from being overbuilt during real estate booms that they were the result of huge influxes of cash by optimistic foreign investors. South Korea faltered under the weight of its huge foreign debt, decreasing exports, and weakening currency (Asian Fall). Other major countries touched by the crisis are Japan, China, Malaysia, and the Philippines. Japan's economy is burdened by $300 billion in bad bank loans and a recession. Chinese banks may carry bad bank loans of up to $1 trillion. The banks lend 66% of China's investment capital to state-run industries that only produce 12% of China's industrial output. Malaysia and the Philippines are both faced with devalued currencies and lowered stock markets (Asian Fall). The implications of the Asian financial crisis are many. A declining Asian economy will reduce demand for U.S. and other countries' exports. The devalued currencies of East Asia will make Asian imports seen cheap and will lead to increased American imports, thus increasing our trade deficit (Asian Fall). A worldwide banking emergency could result if the embattled Asian economies failed to pay back their loans to the U.S. and other countries (Nuffield Case study). If the Asian economies fall further, in a desire to raise cash, they might sell the hundreds of billion dollars of U.S. treasuries they now own, leading to higher interest rates and an American recession (The Rise and Fall of the Third Reich). An article in the Economist reported that the Asian economic turmoil and the layoffs that may result, could instigate increased discontent and possibly give rise to violent strikes, riots, and greater political instability (Economist). Since the financial tumult causes instability in the world market, several solutions have been proposed designed to restore the health of the Asian economy. The International Monetary Fund is offering $60 billion in aid packages to Thailand, Indonesia, and South Korea (The Rise and Fall of the Third Reich). The aid will be used for converting short-term debt to long-term debt and to keep currencies from falling lower in the world market (Nuffield Business and Economics). Lower currency values make repaying loans to other nations more difficult (The Great Wave) The aid packages are tied to measures that will ensure that the Recipient countries reform their economies. Some of the measures the nations must follow are increasing taxes to decrease budget deficits, ending corruption, increasing banking regulation, improving accounting information so investors can make better decisions, closing insolvent banks, selling off inefficient state enterprises, and increasing interest rates to slow growth and encourage stability (The Rise and Fall of the Third Reich). Hopefully these market reforms will allow East Asia to improve its Economic outlook. Since most of the Asian nations have balanced budgets, low inflation, cheap labour, pro-business governments, and high savings rates, the long-term outlook for these countries is very good. The financial crisis, instead of destroying the Asian tigers, will merely serve as a much-needed lesson in debt management, orderly growth, competent accounting practices, and efficient government. Considering the size of Asia's contribution to the world economy, a rapid recovery will be greatly anticipated. Bibliography William L. Shirer, ?The Rise and Fall of the Third Reich', pages. 58-61. David Hackett Fischer, ?The Great Wave', pages 192-193. Erik Achorn, ?European Civilization and Politics since 1815', (London: 1935), pages. 561 - 562. David Johnson, ?Asian Fall', pages. 343-442. Economist, articles 5,6 and

What are the major threats to democracy in a modern society Essays

What are the major threats to democracy in a modern society Essays What are the major threats to democracy in a modern society Paper What are the major threats to democracy in a modern society Paper There are many threats to democracy in modern societies; these threats however, differ depending on the type of democracy implemented and the nature of the society, for example; the democracies of the developing world are confronted with different threats when compared to the threats faced by the democracies of the developed world. This paper will seek to provide an examination of the main adversities to democracies mainly in the developing world. To gain a general idea, it is necessary to look at the conditions conducive for democratization so that we can fully comprehend the many obstacles that modern societies are faced with. Democracy is not a natural order; this is stated by Pinkney in 1993. Throughout history most rulers were instilled without the consent of the citizens, such rulers were born into a monarchy or they were voted in by ruling elites. The factors that allowed for the establishment and maintenance of democracy in the west were different to those needed by the developing world; there are a few exceptions however. The west had already formulated a very stable economic and social structure, which are essential conditions for the development and advancement of long-term democracies. Based on this it is evident that in order for the world to flourish under a democratic type system there are several crucial requirements that are required to be met. One of the main perquisites that are conducive to the formation of a democratic state is the constant need for continual economic development; therefore it is evident that a lack of economic development in a particular country will pose a major threat to the prevalence and advancement of democratic ideologies in that country. Economic development is an idea supported by Lipset (1959). Economic development is considered one of the main necessities needed to guide a state into democracy. Lipset believes that the correlation between the existence of democracy and such variables as per capita wealth, industrialization, urbanization and the level of education, are causes of democracy. This underlines and demonstrates the insurmountable obstacles faced by many parts of the world, most notably the developing world in terms of maintaining and encouraging democratic influences. Poverty and unemployment are rife throughout the developing world and therefore the ever-rising unemployment levels coupled with exponential population growth is crippling the economies of many nations which is rendering these nations susceptible to adhering to the conditions necessary for the instilment of other forms of political governance which obviously, poses a threat to existing and potential democratic prevalence and advancement throughout modern society. Social structure is another factor that is hindering democratic advancement and instilment amongst modern day societies; this is particularly a problem throughout the developing world and most notably Africa. The predominant issue with this idea in terms of the developing world is that many developing nations after decolonization were left socially and religiously divided. This is just one of the many burdens left behind by the colonizers that has rendered the many societies and tribes of Africa liable to the prevalence of unfair and unjust rule as well as racial and other forms of discriminatory action which has left many ethnic minorities having the arduous task of attempting to rule and unite conflicting tribal, cultural and religious groups. For example, within each state of Africa it is possible to see a number of tribes or mixtures of Christianity and Islam, where they were all put together to live as one by colonial powers. This has left many ethnic minorities thus making the job of ruling fairly, extremely difficult. Democracy is more likely to come about from a society where, for example, the monarchy checks the nobility and the aristocracy goes into commerce. (Pinkney, 1993). We can see this in states that have conventionally had monarchs or upper class forced hierarchy ruling, such rulers are more prone to alter the political requirements of a democracy once the totalitarian regime has been lifted. From the arguments gathered above, it is easy to see the most prominent threats to democracy that are currently facing modern societies. The necessities needed to attain democratic rule portray how far some states are from acquiring and implementing a democratic status. It is evident that economic development is the main threat that is preventing many nations from adhering to the criteria necessary to implement and obtain democratic systems. The other factor that is hindering the advancement of democratic systems is the complex social structure of many developing nations due to the effects of colonization. The divisions and creation of isolated ethnic minorities caused by the colonization and decolonisation processes has made it extremely difficult for democracy to achieve fair and equal ruling that would be so beneficial for the many social groups within a society.

Money and Banking Assignment Example | Topics and Well Written Essays - 1500 words

Money and Banking - Assignment Example The flow of money is not constrained by physical proximity, money flows around the globe through banking institutions and financial markets. This seemingly free flow of money is constrained, however, by rules under which banks and financial markets must operate, as dictated by government policy. This essay will examine different concepts which affect money and banking. I. If the central bank has an interest rate target, why would an increase in the demand for bank reserves lead to a rise in the money supply? If the central bank has an interest rate target an increase in the demand for bank reserves will lead to increase in the money supply since the increase in the demand for reserves shifts the reserves demand curve to the right which in turn would increase the interest rates. In order to prevent this, the central will buy bonds to increase the supply of reserves. The open market purchase will then cause the monetary base and the money supply to expand (Bishop 2012). II. The benefits of central bank lending to banks (rediscount operations) to prevent bank panics are obvious. What are the costs? The benefits of the central bank lending money to banks include helping them to maintain at least a fixed ratio of reserves relative to their to their transaction deposits, they help stabilize the total willingness to hold reserves in the overnight inter-bank loan market. A stable demand of reserves in the overnight inter-bank loan market helps to stabilize the overnight inter-bank loan interest rate, given a quantity of reserves supplied by the central bank. Central banks may lend emergence reserves and other funds when banks have liquidity problems or other financial problems such as shortage of capital. But like deposit insurance, the lending increases moral hazard if the central bank guarantees that all institutions can have access to discount loans, even institutions that are poorly managed. Part of the cost of poor management of

The Law of Evidence Essay Example | Topics and Well Written Essays - 2500 words

The Law of Evidence - Essay Example In order to proceed further, it is pertinent to define the meaning of trick and understand whether that meaning falls into the conundrum of facts of the case. â€Å"A cunning or skilful act or scheme intended to deceive or outwit someone. Intended or used to deceive or mystify, or to create an illusion.†1 To trick someone into something is to make the other person believe that he is showing him the true face of the situation, but, on the other hand he is infact putting him through a fake image of illusion and therefore cheating him to deceive him according to his whims and fancies. ... helps the accused as the departure from the strict procedure has been adopted by design with a view to securing the admission of evidence obtained by an unfair trick. As per the findings of Lord Cooper, "I can find nothing to suggest that any departure from the strict procedure was deliberately adopted ... in the present instance the irregularity ought to be ‘excused’.†150 The Privy Council, in its opinion delivered on an appeal from Kenya, mentioned, as a ground for excluding relevant evidence that it had been obtained by a "trick." 1:;1 Kingsmill Moore ]., admitting evidence of this kind in an Irish case, said: "I can find no evidence of deliberate treachery, imposition [or]deceit." 152 As a ground for rejecting evidence, the Supreme Court of Canada has pointed out: "Admittedly, the statement by the accused was procured by trickery, duress and improper inducements." Therefore, in the first instance, according to the precedents laid down by the Courts worldwide as well as the law in the PACE Act, it has been clearly stated that any evidence produced by putting the individual under a trick is negligible and liable to be excluded under the law. Thus David may be supported with the help of the same. 2. The Law governing the admissibility of the confession Section 82(1) of the PACE Act defines the law governing the admissibility of confession. The Section is as follows: â€Å"confession†, includes any statement wholly or partly adverse to the person who made it, whether made to a person in authority or not and whether made in words or otherwise†.4 According to the facts of the case, it is a clear cut proposition that David was oppressed into confessing that he knew about the stolen nature of the car radio. The Court should look at this situation from a holistic

Analysis of Energy Consumption in Ireland

Analysis of Energy Consumption in Ireland Introduction General Introduction The following chapter will introduce the dissertation topic by means of its intended goals, outline of content within each chapter and the research methodology. The research goals present the authors aims to be achieved, core objectives and hypothesis to test. The chapters shall be briefly described as to their particular topic area. Research methodology will establish the research process, planning, data collection methods utilized and finally mention limitations encountered throughout completing the dissertation. Research Goals Aim To investigate is renewable energy the way of the future, the potential of renewable energy sources and to analyse their long-term capability of meeting Irelands future energy needs. Objectives To consider past and present trends of energy consumption in Ireland. To investigate the suitability of this technology for Ireland. To evaluate the environmental advantage of using the technology. To examine in detail the practical adoption of renewable energy technology in another country. To compare traditional energy sources against renewable sources. To examine the financial implications of changing from the traditional energy supply to a more renewable supply. Hypothesis Renewable energy is a viable option for meeting energy requirements for the future of the Irish energy market. Outline of Chapters Chapter 1: This chapter introduces the dissertation and details the authors core objectives to be researched. The structure of the dissertation is briefly described, which details the key sources of information followed by a short account of the chapters to follow. Chapter 2: The dissertation begins with a short first chapter explaining what is known as renewable energy. Chapter 3: Talks about potential future energy demands. Energy trends are evaluated to prepare an estimated energy forecast for Irelands future. Chapter 4: Investigates into why a renewable energy future? The chapter deals with the rising demand and price of oil and gas. Also the concerns about climate change and Irelands commitment to the EUs Directives on the deployment of renewable energy are dealt within the chapter. Chapter 5: The chapter reviews the renewable energy options available to Ireland. The options are assessed on the extent to which they could be used in meeting future demands. Chapter 6: Examines the Governments present proposal Renewable Electricity A 2020 Vision, which is to set up an All-Island Energy Market between the Republic and Northern Ireland. The Chapter evaluates the proposal to secure future energy supply through renewable energy for the whole island. Chapter 7: This chapter considers nuclear energy through certain areas which may be beneficial or not to Ireland. Chapter 8: This is the final chapter of the dissertation where the author reaches conclusions from the research carried out to date, followed by recommendations and areas for further study. Research Methodology Research may be defined as, the systematic study of materials and sources in order to establish facts and reach new conclusions (Concise Oxford English Dictionary 2005). This section outlines the research methods used to prepare this dissertation. The structure of this dissertation presents the findings of research, clearly identified, which was conducted by the author. Also aspects of data collection associated with problems encountered and limitations will be summarized. Research Process Preliminary research began during the Authors placement year (year 3 of BSc Construction Economics Management in Limerick Institute of Technology). As part of the year a dissertation proposal submission was required. An initial investigation on the availability of information was carried out and being satisfied that the information available was sufficient, I decided to continue with the topic. The initial sources primarily included books, Internet, papers and magazines. Research Planning For the research process consideration was given to the possible methods of approach to the actual dissertation. To carry out the research effectively and in a detailed manner a research plan and programme was established. This plan consisted of giving sufficient time for the detailed research of material both published and unpublished. From this the author got a detailed understanding of the topic and the exact focus of the dissertation was established along with the content and scope of the various chapters. After choosing the title, aim, objectives and hypothesis, a detailed plan had to be formulated to meet each objective of the dissertation. This proved vital to the success of the dissertation, given the limited time frame to review material, engender results and complete the dissertation. Due to the amount of publications and information that needed reviewing for inclusion into the dissertation file, reading and analysis was continuously ongoing. All articles of information were scanned generally to assess their suitability and all relevant information marked accordingly. All relevant information, once analysed, was categorized based on its relevance to a given chapter. Data Collection Methods In order to test the hypothesis of this dissertation effectively detailed information had to be sought on all aspects of renewable energies and the Irish energy market. The types of data used for compiling this dissertation came from both primary and secondary sources. Material from both sources was read in detail and any information relevant to any aspect of the dissertation topic was highlighted and noted. For the actual structure of the separate chapters, this information was subdivided into separate files for each proposed chapter. Primary Sources The dissertation utilized primary sources, as work contained provided accurate information. The volume of the information was obtained from Government organisations and EU reports. The up to date factor of the reports was its main advantage. Other organisations such as Sustainable Energy Ireland published reports which proved very beneficial. As the dissertation subject is topical at present, there have been many related conferences and the proceedings published. Official Government publications were helpful especially for information relating to the All Island Energy Market. Other official publications from the EU were used to gather information on EU Directives and the Kyoto Protocol. Finally structured interviews were conducted in relation to setting up and operating wind farms as the results offered accurate first hand information. Past dissertations have been utilized but for the purpose of guidance. Secondary Sources An in depth documentary review was undertaken by the author, which involved examining various sources of information for factual information. This information was taken from construction journals, textbooks, brochures and magazines. Text books were used only for background information. Magazines and national papers proved helpful in keeping up with new developments affecting the topic, for example the Budget and Government publications. As the dissertation required up to date information on the topic, a large quantity of information was obtained from the Internet. Limitations There were a number of difficulties encountered during the research of this dissertation. The main concern for the author was the realization that new information on the chosen topic was constantly being up dated with new developments. As the dissertation is somewhat based on what may happen in the future, the conclusions and recommendations are based on educated assumptions. There exists a lack of published work in relation to the All Island Energy Market, as the consultation period is still on going. Contact with the Department of Communications, Marine and Natural Resources was made with regard to the topic and all other topics relating to the dissertation. The author was informed that the most up to date information would be available in the Governments Energy White Paper 2007 Delivering a Sustainable Energy Future for Ireland and that information contained within it could not be released until the Governments official launch on the 12th of March 2007. Due to time constraints the author was not able to exploit this source. Based on the limited amount of information available the author utilized a significant amount of secondary sources. Also research questionnaires had to be abandoned due to a lack of response from organisations. Although certain information available was limited, with continued research and perseverance though all possible avenues it is believed that suitable material was compiled delivering a complete dissertation on the subject matter. CHAPTER TWO What Is Renewable Energy? Introduction Renewable energy comes from energy sources that are continuously replenished by nature. They are non-fossil energy sources that are not depleted by utilization. The main sources of renewable energy are the wind, the sun (solar energy), water (hydropower, wave and tidal energy) and biomass (wood, biodegradable waste and energy crops). Renewable energy sources are those which are effectively inexhaustible (such as wind, wave, solar, hydro etc) or which are replenished at or about their rate of consumption (such as managed forests and energy crops and other forms of biomass) (Anon 2005). What are the Benefits of Renewable energy? Renewable energy resources are clean sources of energy. They can be harnessed without damaging the environment, unlike using fossil fuels which release carbon dioxide (a greenhouse gas) and other harmful pollutants into the atmosphere. Increasing the use of renewable energy is therefore a key strategy for reducing greenhouse gas emissions and meeting Irelands Kyoto commitments. Renewable energy resources will not become exhausted. Unlike finite fossil fuels, renewable energy resources are continuously replenished and will not run out. Renewable energy resources are indigenous resources. Ireland is heavily reliant on imported fossil fuels. We now import around 89% of the fuels we need for energy. By tapping the renewable energy resources with which Ireland is richly endowed, we could reduce this reliance on imports. By increasing our use of renewable resources, we can achieve a more secure and stable energy supply for the long term (Sustainable Energy Ireland a). Chapter Summary Renewable energy generally refers to energy derived from non-fossil fuel resources (excluding nuclear). Renewable energy has become more popular in recent times as talks of global warming increase internationally and exhaustion of fossil fuels. Renewable energy will benefit the environment and help reduce our dependency on depleting sources of energy. CHAPTER THREE Irelands Potential Energy Needs Introduction To assess the potential of renewable sources sustaining Irelands energy needs in the future, firstly energy trends have to be evaluated to estimate the future requirements. It is impossible to know for sure what the future will hold but by reviewing different forecasts, a reasonable estimate can be made. Energy Trends Energy trends of the past fifteen years will give a good review of Irelands energy growth. It was within this time that the country experienced significant economic growth which was seen in the energy sector. The amount of energy consumed is shown through the Total Primary Energy Requirement (TPER). Total Energy Requirement (TER) figures represent the total Irish electricity generation at the plant exported level plus imports, less exports. The TER is the amount of electricity required to meet total final consumption in the Republic of Ireland including an allowance for transmission and distribution losses (Anon 2005). Figure 3.1 shows the Total Primary Energy Requirement (TPER) of the Republic of Ireland, broken down by fuel type, over the period 1990 to 2000. Estimates for the period 2001 to 2010 are also included. This figure shows that there was rapidly increasing growth in energy demands in the 90s and in particular, the mid 90s to 2000. It also shows a high dependence on the oil and gas. Energy Forecasts The Government document, All-Island Energy Market: Renewable Electricity A 2020 Vision; Preliminary Consultation Document, (Anon 2005), forecasts energy demands by firstly modifying the 2005 2011 median TER values so as to account for generation plant house load, and then determining the values for 2012 2020 at the assumed growth rates of 3% per annum between 2012 and 2015, and of 2% per annum between 2015 and 2020. This can be clearly seen in Table 3.1. These facts are based on the future for the whole island of Ireland, a joint north and south venture of meeting future energy demands and include Northern Ireland which is discussed in Chapter Six. The above forecast is not alone in believing that there will be a steady growth, although slightly less over a longer period of time. The report (Howley et al 2006) assumes electricity demand to grow significantly. Table 3.2 from the report shows the predicted growth. The prediction assumes the CO2 costs â‚ ¬15/tonne in 2010 and â‚ ¬30/tonne in 2020. Chapter Summary The past energy trends showed that there has been a constant rise in energy demand and this is reflected in the forecasts. The two different reports predicted to 2020 and show a similar prediction. It can then be assumed that to 2010 a 3.0 4.0% increase can be expected and from 2010 2020, a lesser 1.0 2.0%. The forecast for the generating fuel is predicted through past trends and present economic development, predicting oil to be eliminated by 2010 and gas to dominate. Although renewables are predicted to increase, early forecasts report they will only have a minor impact. CHAPTER FOUR Why a Renewable Energy Future? Introduction The future of Irelands energy supply is changing and it can not be stopped but we can adapt. The foremost important issue for the Government is to secure the countries future energy supply. Irelands geographical location and fuel resources means it is of critical importance that the future energy supply is secured now before it is too late. Ireland is too dependant on import fossil fuels for energy and so we need to become more independent, which renewable energy can provide. While Irelands imports of fossil fuels for energy still stand at about 85 per cent, much higher than the EU average of 50 per cent, there is a definite shift towards renewables. But there are other factors steering Ireland towards renewable sources, including EU and Kyoto responsibilities. Oil and Gas Depletion Oil and gas are a finite resource and there so going to completely run out some day. The demand for gas and in particular oil is increasing. This is mainly due to significant economic growth of China and India. The report Exxon-Mobils view of the future of oil and gas predicts demand is expected to rise through the year 2010 at a rate of about 2 per cent per year for oil and 3 per cent per year for gas (Longwell), as shown in Figure 4.1. This is leading to a rise in price, Figure 4.2, which already is affecting Ireland. As stated in the EU Green Paper in 2006, Oil and gas prices are rising. They have nearly doubled in the EU over the past two years, with electricity prices following. This is difficult for consumers. With increasing global demand for fossil fuels, stretched supply chains and increasing dependence on imports, high prices for oil and gas are probably here to stay (Anon 2006). Rising oil prices In its 2001 review BP commented The worlds oil R/P (reserve to production) ratio has fallen modestly since 1990 as world oil production growth has outpaced additions to reserves (Busby 2002). A chart in the 2001 review shows 1990 as the year when the R/P peak ratio of 44 was passed, reducing to 40 by the end of 2000. At the end of 2002 the R/P ratio had reduced further to 39, to rise to 41 at the end of 2003, dropping back to 40.5 at the end of 2004, but shown at 40.6 at the end of 2005. As production continues to rise and additions to reserves fail to match it, the ratio of oil reserves to production (R/P) will continue to decline and the price of crude oil will rise. The world gas R/P ratio in 2005 was 65.1, compared to 40.6 for oil. At 2005 production rates, gas reserves would provide a source of energy for a further 24 years after oil exhaustion. But when oil supplies starts to run out, more gas will be used as a substitute, hence increasing gas depletion. So if oil production peak is predicted at 2010, gas production peak should follow bout the year 2020. The problem starts to become apparent when you realise the decline of oil discovery, as shown in Figure 4.3. The gap between discovery and consumption is widening and this will eventually lead to oil production peaking. Chevron, one of the worlds largest oil companies, admits to the imminent peak and decline of oil. An Oil production peak before or by 2010 seems now to be generally accepted. The not so distant future of Irelands energy market will then have to contend without oil. The oil market is global where the gas market is regional and this is where Ireland could really suffer in the long term. It is predicted that gas will outlast oil but gas has to be piped and Irelands geographical location causes problems. The discovery of the Corrib gas field is potentially very important as it offers temporary relief from increasingly unreliable supplies of gas from the United Kingdom and Europe, says Colin Campbell, petroleum geologist (Campbell). In the near future with oil demand rising pushing up prices and in the distant future oil not been available, we must look to renewables now. The Corrib gas field is small and might get ten or more years out of it at the current rate of consumption but the Government should use this opportunity to draw on the gas to help support renewable energy. The Environment and EU Directive Irelands main source of energy is fossil fuels which produce vast quantities of CO2, add to climate change and which the EU intend to reduce. The emissions that are produced from burning fossil fuels are becoming more serious every year and a much discussed topic at national and international level. Climate Change and the Kyoto Protocol Fossil fuels constitute a significant repository of carbon buried deep under the ground. Burning them results in the conversion of this carbon to carbon dioxide, which is then released into the atmosphere. This results in an increase in the Earths levels of atmospheric carbon dioxide, which enhances the greenhouse effect and contributes to global warming (Wikipedia). As was seen in Figure 4.4, fossil fuels are a major electricity fuel for Ireland. Fossil fuels, particularly coal, contain a dilute radioactive material which is released into the environment leading to low levels of radioactive contamination. Within the EU burden sharing agreement to meet its obligation under the Kyoto Protocol, Ireland must stabilise its Greenhouse gas emissions at 13% above 1990 levels within the period 2008 to 2012 (Department of Communications, Marine and Natural Resources 1998). Intergovernmental Panel on Climate Change (IPCC) latest Assessment Report was released on the 2nd of February 2007 in Paris. The report was produced by some 600 authors from 40 countries. According to the IPCC, the warming of the world is unequivocal, and that humans are very likely (higher than 90% likelihood) behind the warming. The key conclusions were: Possible temperature rise between 1.1C and 6.4C by 2100 Sea level most likely to rise by 18-59cm (7in-23in) Artic summer sea ice disappears in second half of century Increase in heatwaves very likely Increase in tropical storm intensity likely Considering overall greenhouse gas emissions, energy related CO2 emissions accounted for 51% in 1990 compared to a projected 66% in 2010 if we continue in the same direction. Renewable energy would dramatically reduce Irelands CO2 emissions by replacing fossil fuels. This will take time, so if want to have any chance of meeting the requirements, we have to act now. EU Directive The use of renewable energy has a legislative basis in the EU under Directive (2001/77/EC). The Directive asserts the European Countries need to promote renewables to contribute to: †¦environmental protection and sustainable development. In addition this can also create local employment, have a positive impact on social cohesion, contribute to security of supply and make it possible to meet Kyoto targets more quickly'(Anon 2005). The directive forces Ireland to have an output of renewable powered electricity to 13.2% of total electricity consumed in Ireland by 2010. But the Government is hoping to have it up to 15% by 2010 through the Renewable energy Feed In Tariff (ReFIT) programme. The new Renewable energy Feed in Tariff (ReFIT) programme replaces the Governments previous support mechanism, the Alternative Energy Requirement (AER) programme and provides financial support of â‚ ¬119m to renewable energy projects over a fifteen year period The ReFIT programme will support the construction of an initial target of at least 400 megawatts (MW) of new renewable energy powered electricity generating plants. Its main aim is to increase the contribution of renewable energy sources to electricity production. The ReFIT programme will help make renewable energy competitive and is a move closer to reaching the Kyoto Protocol and the EU directive. Failure to meet the Kyoto Protocol and EU Directive (2001/77/EC) will have serious financial implications. On April 4th 2006 the European Commission launched legal proceedings against Ireland, for failing to meet the deadline of October 2003 for taking the necessary measures to transpose Community legislation on renewable electricity into national law. Ireland is now under pressure to act on renewable energy. Future Policies EU Leaders decided on Friday 9th of March 2007 to slash greenhouse gas emissions, which included a binding target for renewable sources to make up a fifth of EU energy use by 2020. The leaders committed to a target of reducing EU greenhouse gas emissions by 20 per cent by 2020 and offered to go to 30 per cent if major nations such as the United States, Russia, China and India follow suit. According to a draft agreement, the EU will aim to go even further in the future, with cuts of 60 to 80 per cent by 2050. Reports of drastic future climate change in the wake of the IPCCs recent assessment, talk of a post Kyoto agreement is been debated. The recent EU summit outcome of reducing greenhouse gas emissions by 20 per cent will form the basis of the EUs position in international talks to replace the U.N. Kyoto Protocol, which expires in 2012. Whatever it may be called, it will aim to severely reduce Greenhouse Gases to coincide with Global Warming reports. Either way it will mean a serious change for Governments and society. Chapter Summary The demand for gas and in particular oil is increasing largely due to the economic growth of China and India. The reserves at the moment show gas will outlast oil. Oil production is predicted to peak around 2010 but as oil resources decrease, demand for gas will increase to make up the slack which will result in gas production peaking sooner rather than later. The large growth in demand at present is increasing prices and with talk of oil production peaking and the politically unstable situation in the Middle East, prices look set to continue escalating. Renewable energy can help Ireland reduce its dependence on imported fossil fuels. Irelands main energy source, fossil fuels, is seriously damaging the environment and the main cause of Global Warming. The Kyoto Protocol requires Ireland to reduce its CO2 emissions. Under EU legislation Ireland must increase the use of renewable energy to 13.2% of all electricity produced but the Government are aiming for 15% with the announcement of the ReFIT programme. The programme will help meet Kyoto and EU obligations. Recent announcement from the EU requires 20% of the EUs electricity generation mix be from renewable sources by 2020. This ambitious target will require serious consideration from the Government. CHAPTER FIVE The Renewable Energy Options for the Future Introduction To meet the future energy demands, the Government will have to put a lot more work into developing renewable sources of energy. The positive from this, is Ireland has vast potential for renewable energy production, especially wind. Although the Government are starting to take more notice of renewable energy technology. Within Budget 2007 Brian Cowan stated scheme of tax relief in place in the form of a deduction from a companys profits for corporate investment in renewable energy products in the solar, wind, hydro or biomass technology categories, shall be continued for a further five years, subject to EU approval (Cowan 2006). But when considering renewable energy options, it is important to realistically assess their full potential. The present renewable energy sources should be looked at in a view of their output and efficiency, then evaluate their future part in securing the countrys energy supply. Wind Power Wind power is one of the most mature renewable energy technologies to date and currently has a good record of reliability and availability. The wind resources in Ireland are among the best in the EU due to the strength of the Atlantic winds. A wind turbine in Ireland will deliver twice as much power as the same turbine in Germany. We are the envy of Europe because of our wind speeds (Seanad Éireann 2005). Wind energy has seen major advances in Ireland recently, especially in the last four years. Wind energy now has the largest installed capacity of all renewable energy technologies in Ireland (Figure 5.1). As per up to date statistics from EirGrid, there is currently a total of 744 MW worth of wind power connected to the main grid and an additional 547.3 MW worth of energy from contracted wind farms currently in production to be connected at various stages in the future. (See Appendix C and Appendix D) Renewable Connections Kinetic energy in airflows is used to run wind turbines; some are capable of producing 5 MW of power, but the most cost effective are currently 500 kW 1.5 MW. Conventional investment costs are about â‚ ¬1,100 per kW installed. Wind energy has been growing significantly over recent years and following the trend, wind power will keep going in the near future, Figure 5.2. Wind Generation since 1992 to 2007 Onshore Wind Onshore wind in Ireland is mainly concentrated on the west coast due to strong winds from the Atlantic. Wind-speed maps help decide on the locations by showing the wind potential of certain areas but sites close to the western sea shore is generally the best region, as with Tursillagh Wind Farm. (Example of Analysis of Wind Potential See Appendix E) Turbines at Tursillagh Winds in an area are often monitored for a year and detailed maps constructed prior to wind generators being installed. Coastlines tend to be the windiest sites for turbines, because a primary source of wind is convection from the differential heating and cooling of land and sea. The erection of a wind farm onshore is becoming straight forward with companies having gained much experience and knowledge. Ireland has had well developed onshore wind energy for many years and has the knowledge to develop bigger wind farms to help meet the countries energy demand. Offshore Wind The offshore electricity production in Ireland is minimal but has made a good start. Arklow Offshore Wind Power Plant is the worlds first offshore project to deploy giant wind turbines in excess of 3megawatts and is Irelands only offshore wind project. But already is showing great prospect, showing excellent reliability and availability, areas where wind power is mainly criticised. The site was chosen as tests proved to be one of the windiest areas in Europe. Offshore turbines cause less aesthetic controversy as usually can not be seen from the shore. It offers fewer obstacles and stronger winds but is also more inaccessible and the conditions are harsh, corrosive and can increase the costs of maintenance. Unlike with onshore wind farms, planning is not an issue. The biggest obstacle at present is the significant capital cost even compared to onshore wind. Irelands offshore potential is an untapped resource and must be harnessed to become a serious contributor to the Irish electricity mix. Offshore wind power generation should be recognised for what it is; Irelands best option for meeting present renewable energy and CO2 targets. Planning for the Future To promote wind as one of the major sources of electricity in the future, it can be beneficial to look at a similar EU country with a successful wind market, for example Denmark. The ESB system is comparable in size to the west Denmark Eltra system. The Transmission System Operator (TSO) in Ireland, ESB National Grid (ESB NG), has asked for a report, explaining the management of the western Danish system Eltra with a focus on handling of wind production (Hilger 2004). This shows the level of interest in the Danish system for wind. The ESB has spotted the potential of assessing Denmarks approach to wind for our own future development. Denmark has only modest wind speeds, compared to Irelands impressive wind energy potential. As can be seen in the Case Study (Appendix F), the key to Denmarks wind power success is the support from the interconnectors to other EU countries. Winds intermittence problem is compensated with bought in electricity from the Nordic power pool at the going rate. The major interest in Denmarks Eltra system for the future will come from Denmarks offshore development, in particular the Horns Rev Wind Park. The Horns Rev Wind Park is a show case of Danish initiative in the large scale promotion of renewable energy. Horns Rev is the largest offshore wind farm in the world, producing two per cent of Denmarks total energy consumption. Much can be learned from Horns Rev in planning the future of wind power generation in Ireland. The offshore turbines produce 150 per cent more electricity than land based turbines. Also Denmarks offshore areas are restricted but the Irish situation is a decentralised approach where the pick of areas is open for private initiative. The Horns Rev project was a result of fourteen years of research and initiated by the Danish Government which was the main factor for its commencement. The turbines used (Vestas V80) which can adapt the output of the turbine to suit the parameters of any electricity grid. Although a lot of p lanning and research went into Horns Rev, construction only took six months which was run through the summer months for improved weather conditions. And finally so successful was Horns Rev, an additional wind farm (Horns Rev 2) is to be built northeast of the existing farm. The new offshore wind farm and the landing facilities will be commissioned in May 2009. (See Appendix F, Case Study) Constraints of Wind P Analysis of Energy Consumption in Ireland Analysis of Energy Consumption in Ireland Introduction General Introduction The following chapter will introduce the dissertation topic by means of its intended goals, outline of content within each chapter and the research methodology. The research goals present the authors aims to be achieved, core objectives and hypothesis to test. The chapters shall be briefly described as to their particular topic area. Research methodology will establish the research process, planning, data collection methods utilized and finally mention limitations encountered throughout completing the dissertation. Research Goals Aim To investigate is renewable energy the way of the future, the potential of renewable energy sources and to analyse their long-term capability of meeting Irelands future energy needs. Objectives To consider past and present trends of energy consumption in Ireland. To investigate the suitability of this technology for Ireland. To evaluate the environmental advantage of using the technology. To examine in detail the practical adoption of renewable energy technology in another country. To compare traditional energy sources against renewable sources. To examine the financial implications of changing from the traditional energy supply to a more renewable supply. Hypothesis Renewable energy is a viable option for meeting energy requirements for the future of the Irish energy market. Outline of Chapters Chapter 1: This chapter introduces the dissertation and details the authors core objectives to be researched. The structure of the dissertation is briefly described, which details the key sources of information followed by a short account of the chapters to follow. Chapter 2: The dissertation begins with a short first chapter explaining what is known as renewable energy. Chapter 3: Talks about potential future energy demands. Energy trends are evaluated to prepare an estimated energy forecast for Irelands future. Chapter 4: Investigates into why a renewable energy future? The chapter deals with the rising demand and price of oil and gas. Also the concerns about climate change and Irelands commitment to the EUs Directives on the deployment of renewable energy are dealt within the chapter. Chapter 5: The chapter reviews the renewable energy options available to Ireland. The options are assessed on the extent to which they could be used in meeting future demands. Chapter 6: Examines the Governments present proposal Renewable Electricity A 2020 Vision, which is to set up an All-Island Energy Market between the Republic and Northern Ireland. The Chapter evaluates the proposal to secure future energy supply through renewable energy for the whole island. Chapter 7: This chapter considers nuclear energy through certain areas which may be beneficial or not to Ireland. Chapter 8: This is the final chapter of the dissertation where the author reaches conclusions from the research carried out to date, followed by recommendations and areas for further study. Research Methodology Research may be defined as, the systematic study of materials and sources in order to establish facts and reach new conclusions (Concise Oxford English Dictionary 2005). This section outlines the research methods used to prepare this dissertation. The structure of this dissertation presents the findings of research, clearly identified, which was conducted by the author. Also aspects of data collection associated with problems encountered and limitations will be summarized. Research Process Preliminary research began during the Authors placement year (year 3 of BSc Construction Economics Management in Limerick Institute of Technology). As part of the year a dissertation proposal submission was required. An initial investigation on the availability of information was carried out and being satisfied that the information available was sufficient, I decided to continue with the topic. The initial sources primarily included books, Internet, papers and magazines. Research Planning For the research process consideration was given to the possible methods of approach to the actual dissertation. To carry out the research effectively and in a detailed manner a research plan and programme was established. This plan consisted of giving sufficient time for the detailed research of material both published and unpublished. From this the author got a detailed understanding of the topic and the exact focus of the dissertation was established along with the content and scope of the various chapters. After choosing the title, aim, objectives and hypothesis, a detailed plan had to be formulated to meet each objective of the dissertation. This proved vital to the success of the dissertation, given the limited time frame to review material, engender results and complete the dissertation. Due to the amount of publications and information that needed reviewing for inclusion into the dissertation file, reading and analysis was continuously ongoing. All articles of information were scanned generally to assess their suitability and all relevant information marked accordingly. All relevant information, once analysed, was categorized based on its relevance to a given chapter. Data Collection Methods In order to test the hypothesis of this dissertation effectively detailed information had to be sought on all aspects of renewable energies and the Irish energy market. The types of data used for compiling this dissertation came from both primary and secondary sources. Material from both sources was read in detail and any information relevant to any aspect of the dissertation topic was highlighted and noted. For the actual structure of the separate chapters, this information was subdivided into separate files for each proposed chapter. Primary Sources The dissertation utilized primary sources, as work contained provided accurate information. The volume of the information was obtained from Government organisations and EU reports. The up to date factor of the reports was its main advantage. Other organisations such as Sustainable Energy Ireland published reports which proved very beneficial. As the dissertation subject is topical at present, there have been many related conferences and the proceedings published. Official Government publications were helpful especially for information relating to the All Island Energy Market. Other official publications from the EU were used to gather information on EU Directives and the Kyoto Protocol. Finally structured interviews were conducted in relation to setting up and operating wind farms as the results offered accurate first hand information. Past dissertations have been utilized but for the purpose of guidance. Secondary Sources An in depth documentary review was undertaken by the author, which involved examining various sources of information for factual information. This information was taken from construction journals, textbooks, brochures and magazines. Text books were used only for background information. Magazines and national papers proved helpful in keeping up with new developments affecting the topic, for example the Budget and Government publications. As the dissertation required up to date information on the topic, a large quantity of information was obtained from the Internet. Limitations There were a number of difficulties encountered during the research of this dissertation. The main concern for the author was the realization that new information on the chosen topic was constantly being up dated with new developments. As the dissertation is somewhat based on what may happen in the future, the conclusions and recommendations are based on educated assumptions. There exists a lack of published work in relation to the All Island Energy Market, as the consultation period is still on going. Contact with the Department of Communications, Marine and Natural Resources was made with regard to the topic and all other topics relating to the dissertation. The author was informed that the most up to date information would be available in the Governments Energy White Paper 2007 Delivering a Sustainable Energy Future for Ireland and that information contained within it could not be released until the Governments official launch on the 12th of March 2007. Due to time constraints the author was not able to exploit this source. Based on the limited amount of information available the author utilized a significant amount of secondary sources. Also research questionnaires had to be abandoned due to a lack of response from organisations. Although certain information available was limited, with continued research and perseverance though all possible avenues it is believed that suitable material was compiled delivering a complete dissertation on the subject matter. CHAPTER TWO What Is Renewable Energy? Introduction Renewable energy comes from energy sources that are continuously replenished by nature. They are non-fossil energy sources that are not depleted by utilization. The main sources of renewable energy are the wind, the sun (solar energy), water (hydropower, wave and tidal energy) and biomass (wood, biodegradable waste and energy crops). Renewable energy sources are those which are effectively inexhaustible (such as wind, wave, solar, hydro etc) or which are replenished at or about their rate of consumption (such as managed forests and energy crops and other forms of biomass) (Anon 2005). What are the Benefits of Renewable energy? Renewable energy resources are clean sources of energy. They can be harnessed without damaging the environment, unlike using fossil fuels which release carbon dioxide (a greenhouse gas) and other harmful pollutants into the atmosphere. Increasing the use of renewable energy is therefore a key strategy for reducing greenhouse gas emissions and meeting Irelands Kyoto commitments. Renewable energy resources will not become exhausted. Unlike finite fossil fuels, renewable energy resources are continuously replenished and will not run out. Renewable energy resources are indigenous resources. Ireland is heavily reliant on imported fossil fuels. We now import around 89% of the fuels we need for energy. By tapping the renewable energy resources with which Ireland is richly endowed, we could reduce this reliance on imports. By increasing our use of renewable resources, we can achieve a more secure and stable energy supply for the long term (Sustainable Energy Ireland a). Chapter Summary Renewable energy generally refers to energy derived from non-fossil fuel resources (excluding nuclear). Renewable energy has become more popular in recent times as talks of global warming increase internationally and exhaustion of fossil fuels. Renewable energy will benefit the environment and help reduce our dependency on depleting sources of energy. CHAPTER THREE Irelands Potential Energy Needs Introduction To assess the potential of renewable sources sustaining Irelands energy needs in the future, firstly energy trends have to be evaluated to estimate the future requirements. It is impossible to know for sure what the future will hold but by reviewing different forecasts, a reasonable estimate can be made. Energy Trends Energy trends of the past fifteen years will give a good review of Irelands energy growth. It was within this time that the country experienced significant economic growth which was seen in the energy sector. The amount of energy consumed is shown through the Total Primary Energy Requirement (TPER). Total Energy Requirement (TER) figures represent the total Irish electricity generation at the plant exported level plus imports, less exports. The TER is the amount of electricity required to meet total final consumption in the Republic of Ireland including an allowance for transmission and distribution losses (Anon 2005). Figure 3.1 shows the Total Primary Energy Requirement (TPER) of the Republic of Ireland, broken down by fuel type, over the period 1990 to 2000. Estimates for the period 2001 to 2010 are also included. This figure shows that there was rapidly increasing growth in energy demands in the 90s and in particular, the mid 90s to 2000. It also shows a high dependence on the oil and gas. Energy Forecasts The Government document, All-Island Energy Market: Renewable Electricity A 2020 Vision; Preliminary Consultation Document, (Anon 2005), forecasts energy demands by firstly modifying the 2005 2011 median TER values so as to account for generation plant house load, and then determining the values for 2012 2020 at the assumed growth rates of 3% per annum between 2012 and 2015, and of 2% per annum between 2015 and 2020. This can be clearly seen in Table 3.1. These facts are based on the future for the whole island of Ireland, a joint north and south venture of meeting future energy demands and include Northern Ireland which is discussed in Chapter Six. The above forecast is not alone in believing that there will be a steady growth, although slightly less over a longer period of time. The report (Howley et al 2006) assumes electricity demand to grow significantly. Table 3.2 from the report shows the predicted growth. The prediction assumes the CO2 costs â‚ ¬15/tonne in 2010 and â‚ ¬30/tonne in 2020. Chapter Summary The past energy trends showed that there has been a constant rise in energy demand and this is reflected in the forecasts. The two different reports predicted to 2020 and show a similar prediction. It can then be assumed that to 2010 a 3.0 4.0% increase can be expected and from 2010 2020, a lesser 1.0 2.0%. The forecast for the generating fuel is predicted through past trends and present economic development, predicting oil to be eliminated by 2010 and gas to dominate. Although renewables are predicted to increase, early forecasts report they will only have a minor impact. CHAPTER FOUR Why a Renewable Energy Future? Introduction The future of Irelands energy supply is changing and it can not be stopped but we can adapt. The foremost important issue for the Government is to secure the countries future energy supply. Irelands geographical location and fuel resources means it is of critical importance that the future energy supply is secured now before it is too late. Ireland is too dependant on import fossil fuels for energy and so we need to become more independent, which renewable energy can provide. While Irelands imports of fossil fuels for energy still stand at about 85 per cent, much higher than the EU average of 50 per cent, there is a definite shift towards renewables. But there are other factors steering Ireland towards renewable sources, including EU and Kyoto responsibilities. Oil and Gas Depletion Oil and gas are a finite resource and there so going to completely run out some day. The demand for gas and in particular oil is increasing. This is mainly due to significant economic growth of China and India. The report Exxon-Mobils view of the future of oil and gas predicts demand is expected to rise through the year 2010 at a rate of about 2 per cent per year for oil and 3 per cent per year for gas (Longwell), as shown in Figure 4.1. This is leading to a rise in price, Figure 4.2, which already is affecting Ireland. As stated in the EU Green Paper in 2006, Oil and gas prices are rising. They have nearly doubled in the EU over the past two years, with electricity prices following. This is difficult for consumers. With increasing global demand for fossil fuels, stretched supply chains and increasing dependence on imports, high prices for oil and gas are probably here to stay (Anon 2006). Rising oil prices In its 2001 review BP commented The worlds oil R/P (reserve to production) ratio has fallen modestly since 1990 as world oil production growth has outpaced additions to reserves (Busby 2002). A chart in the 2001 review shows 1990 as the year when the R/P peak ratio of 44 was passed, reducing to 40 by the end of 2000. At the end of 2002 the R/P ratio had reduced further to 39, to rise to 41 at the end of 2003, dropping back to 40.5 at the end of 2004, but shown at 40.6 at the end of 2005. As production continues to rise and additions to reserves fail to match it, the ratio of oil reserves to production (R/P) will continue to decline and the price of crude oil will rise. The world gas R/P ratio in 2005 was 65.1, compared to 40.6 for oil. At 2005 production rates, gas reserves would provide a source of energy for a further 24 years after oil exhaustion. But when oil supplies starts to run out, more gas will be used as a substitute, hence increasing gas depletion. So if oil production peak is predicted at 2010, gas production peak should follow bout the year 2020. The problem starts to become apparent when you realise the decline of oil discovery, as shown in Figure 4.3. The gap between discovery and consumption is widening and this will eventually lead to oil production peaking. Chevron, one of the worlds largest oil companies, admits to the imminent peak and decline of oil. An Oil production peak before or by 2010 seems now to be generally accepted. The not so distant future of Irelands energy market will then have to contend without oil. The oil market is global where the gas market is regional and this is where Ireland could really suffer in the long term. It is predicted that gas will outlast oil but gas has to be piped and Irelands geographical location causes problems. The discovery of the Corrib gas field is potentially very important as it offers temporary relief from increasingly unreliable supplies of gas from the United Kingdom and Europe, says Colin Campbell, petroleum geologist (Campbell). In the near future with oil demand rising pushing up prices and in the distant future oil not been available, we must look to renewables now. The Corrib gas field is small and might get ten or more years out of it at the current rate of consumption but the Government should use this opportunity to draw on the gas to help support renewable energy. The Environment and EU Directive Irelands main source of energy is fossil fuels which produce vast quantities of CO2, add to climate change and which the EU intend to reduce. The emissions that are produced from burning fossil fuels are becoming more serious every year and a much discussed topic at national and international level. Climate Change and the Kyoto Protocol Fossil fuels constitute a significant repository of carbon buried deep under the ground. Burning them results in the conversion of this carbon to carbon dioxide, which is then released into the atmosphere. This results in an increase in the Earths levels of atmospheric carbon dioxide, which enhances the greenhouse effect and contributes to global warming (Wikipedia). As was seen in Figure 4.4, fossil fuels are a major electricity fuel for Ireland. Fossil fuels, particularly coal, contain a dilute radioactive material which is released into the environment leading to low levels of radioactive contamination. Within the EU burden sharing agreement to meet its obligation under the Kyoto Protocol, Ireland must stabilise its Greenhouse gas emissions at 13% above 1990 levels within the period 2008 to 2012 (Department of Communications, Marine and Natural Resources 1998). Intergovernmental Panel on Climate Change (IPCC) latest Assessment Report was released on the 2nd of February 2007 in Paris. The report was produced by some 600 authors from 40 countries. According to the IPCC, the warming of the world is unequivocal, and that humans are very likely (higher than 90% likelihood) behind the warming. The key conclusions were: Possible temperature rise between 1.1C and 6.4C by 2100 Sea level most likely to rise by 18-59cm (7in-23in) Artic summer sea ice disappears in second half of century Increase in heatwaves very likely Increase in tropical storm intensity likely Considering overall greenhouse gas emissions, energy related CO2 emissions accounted for 51% in 1990 compared to a projected 66% in 2010 if we continue in the same direction. Renewable energy would dramatically reduce Irelands CO2 emissions by replacing fossil fuels. This will take time, so if want to have any chance of meeting the requirements, we have to act now. EU Directive The use of renewable energy has a legislative basis in the EU under Directive (2001/77/EC). The Directive asserts the European Countries need to promote renewables to contribute to: †¦environmental protection and sustainable development. In addition this can also create local employment, have a positive impact on social cohesion, contribute to security of supply and make it possible to meet Kyoto targets more quickly'(Anon 2005). The directive forces Ireland to have an output of renewable powered electricity to 13.2% of total electricity consumed in Ireland by 2010. But the Government is hoping to have it up to 15% by 2010 through the Renewable energy Feed In Tariff (ReFIT) programme. The new Renewable energy Feed in Tariff (ReFIT) programme replaces the Governments previous support mechanism, the Alternative Energy Requirement (AER) programme and provides financial support of â‚ ¬119m to renewable energy projects over a fifteen year period The ReFIT programme will support the construction of an initial target of at least 400 megawatts (MW) of new renewable energy powered electricity generating plants. Its main aim is to increase the contribution of renewable energy sources to electricity production. The ReFIT programme will help make renewable energy competitive and is a move closer to reaching the Kyoto Protocol and the EU directive. Failure to meet the Kyoto Protocol and EU Directive (2001/77/EC) will have serious financial implications. On April 4th 2006 the European Commission launched legal proceedings against Ireland, for failing to meet the deadline of October 2003 for taking the necessary measures to transpose Community legislation on renewable electricity into national law. Ireland is now under pressure to act on renewable energy. Future Policies EU Leaders decided on Friday 9th of March 2007 to slash greenhouse gas emissions, which included a binding target for renewable sources to make up a fifth of EU energy use by 2020. The leaders committed to a target of reducing EU greenhouse gas emissions by 20 per cent by 2020 and offered to go to 30 per cent if major nations such as the United States, Russia, China and India follow suit. According to a draft agreement, the EU will aim to go even further in the future, with cuts of 60 to 80 per cent by 2050. Reports of drastic future climate change in the wake of the IPCCs recent assessment, talk of a post Kyoto agreement is been debated. The recent EU summit outcome of reducing greenhouse gas emissions by 20 per cent will form the basis of the EUs position in international talks to replace the U.N. Kyoto Protocol, which expires in 2012. Whatever it may be called, it will aim to severely reduce Greenhouse Gases to coincide with Global Warming reports. Either way it will mean a serious change for Governments and society. Chapter Summary The demand for gas and in particular oil is increasing largely due to the economic growth of China and India. The reserves at the moment show gas will outlast oil. Oil production is predicted to peak around 2010 but as oil resources decrease, demand for gas will increase to make up the slack which will result in gas production peaking sooner rather than later. The large growth in demand at present is increasing prices and with talk of oil production peaking and the politically unstable situation in the Middle East, prices look set to continue escalating. Renewable energy can help Ireland reduce its dependence on imported fossil fuels. Irelands main energy source, fossil fuels, is seriously damaging the environment and the main cause of Global Warming. The Kyoto Protocol requires Ireland to reduce its CO2 emissions. Under EU legislation Ireland must increase the use of renewable energy to 13.2% of all electricity produced but the Government are aiming for 15% with the announcement of the ReFIT programme. The programme will help meet Kyoto and EU obligations. Recent announcement from the EU requires 20% of the EUs electricity generation mix be from renewable sources by 2020. This ambitious target will require serious consideration from the Government. CHAPTER FIVE The Renewable Energy Options for the Future Introduction To meet the future energy demands, the Government will have to put a lot more work into developing renewable sources of energy. The positive from this, is Ireland has vast potential for renewable energy production, especially wind. Although the Government are starting to take more notice of renewable energy technology. Within Budget 2007 Brian Cowan stated scheme of tax relief in place in the form of a deduction from a companys profits for corporate investment in renewable energy products in the solar, wind, hydro or biomass technology categories, shall be continued for a further five years, subject to EU approval (Cowan 2006). But when considering renewable energy options, it is important to realistically assess their full potential. The present renewable energy sources should be looked at in a view of their output and efficiency, then evaluate their future part in securing the countrys energy supply. Wind Power Wind power is one of the most mature renewable energy technologies to date and currently has a good record of reliability and availability. The wind resources in Ireland are among the best in the EU due to the strength of the Atlantic winds. A wind turbine in Ireland will deliver twice as much power as the same turbine in Germany. We are the envy of Europe because of our wind speeds (Seanad Éireann 2005). Wind energy has seen major advances in Ireland recently, especially in the last four years. Wind energy now has the largest installed capacity of all renewable energy technologies in Ireland (Figure 5.1). As per up to date statistics from EirGrid, there is currently a total of 744 MW worth of wind power connected to the main grid and an additional 547.3 MW worth of energy from contracted wind farms currently in production to be connected at various stages in the future. (See Appendix C and Appendix D) Renewable Connections Kinetic energy in airflows is used to run wind turbines; some are capable of producing 5 MW of power, but the most cost effective are currently 500 kW 1.5 MW. Conventional investment costs are about â‚ ¬1,100 per kW installed. Wind energy has been growing significantly over recent years and following the trend, wind power will keep going in the near future, Figure 5.2. Wind Generation since 1992 to 2007 Onshore Wind Onshore wind in Ireland is mainly concentrated on the west coast due to strong winds from the Atlantic. Wind-speed maps help decide on the locations by showing the wind potential of certain areas but sites close to the western sea shore is generally the best region, as with Tursillagh Wind Farm. (Example of Analysis of Wind Potential See Appendix E) Turbines at Tursillagh Winds in an area are often monitored for a year and detailed maps constructed prior to wind generators being installed. Coastlines tend to be the windiest sites for turbines, because a primary source of wind is convection from the differential heating and cooling of land and sea. The erection of a wind farm onshore is becoming straight forward with companies having gained much experience and knowledge. Ireland has had well developed onshore wind energy for many years and has the knowledge to develop bigger wind farms to help meet the countries energy demand. Offshore Wind The offshore electricity production in Ireland is minimal but has made a good start. Arklow Offshore Wind Power Plant is the worlds first offshore project to deploy giant wind turbines in excess of 3megawatts and is Irelands only offshore wind project. But already is showing great prospect, showing excellent reliability and availability, areas where wind power is mainly criticised. The site was chosen as tests proved to be one of the windiest areas in Europe. Offshore turbines cause less aesthetic controversy as usually can not be seen from the shore. It offers fewer obstacles and stronger winds but is also more inaccessible and the conditions are harsh, corrosive and can increase the costs of maintenance. Unlike with onshore wind farms, planning is not an issue. The biggest obstacle at present is the significant capital cost even compared to onshore wind. Irelands offshore potential is an untapped resource and must be harnessed to become a serious contributor to the Irish electricity mix. Offshore wind power generation should be recognised for what it is; Irelands best option for meeting present renewable energy and CO2 targets. Planning for the Future To promote wind as one of the major sources of electricity in the future, it can be beneficial to look at a similar EU country with a successful wind market, for example Denmark. The ESB system is comparable in size to the west Denmark Eltra system. The Transmission System Operator (TSO) in Ireland, ESB National Grid (ESB NG), has asked for a report, explaining the management of the western Danish system Eltra with a focus on handling of wind production (Hilger 2004). This shows the level of interest in the Danish system for wind. The ESB has spotted the potential of assessing Denmarks approach to wind for our own future development. Denmark has only modest wind speeds, compared to Irelands impressive wind energy potential. As can be seen in the Case Study (Appendix F), the key to Denmarks wind power success is the support from the interconnectors to other EU countries. Winds intermittence problem is compensated with bought in electricity from the Nordic power pool at the going rate. The major interest in Denmarks Eltra system for the future will come from Denmarks offshore development, in particular the Horns Rev Wind Park. The Horns Rev Wind Park is a show case of Danish initiative in the large scale promotion of renewable energy. Horns Rev is the largest offshore wind farm in the world, producing two per cent of Denmarks total energy consumption. Much can be learned from Horns Rev in planning the future of wind power generation in Ireland. The offshore turbines produce 150 per cent more electricity than land based turbines. Also Denmarks offshore areas are restricted but the Irish situation is a decentralised approach where the pick of areas is open for private initiative. The Horns Rev project was a result of fourteen years of research and initiated by the Danish Government which was the main factor for its commencement. The turbines used (Vestas V80) which can adapt the output of the turbine to suit the parameters of any electricity grid. Although a lot of p lanning and research went into Horns Rev, construction only took six months which was run through the summer months for improved weather conditions. And finally so successful was Horns Rev, an additional wind farm (Horns Rev 2) is to be built northeast of the existing farm. The new offshore wind farm and the landing facilities will be commissioned in May 2009. (See Appendix F, Case Study) Constraints of Wind P

The Psychology of Pedophiles Essay -- Child Molesters, Sex Offenders

In the news today we frequently hear about pedophiles and child molesters. We have heard the horror stories of priest and bishops molesting boys, public school teachers having sex with students, and family members molesting children. While it is still taboo, the public view of a child molester has changed in the past years. It used to be that when we thought of a pedophile, we thought of a scary man lurking behind the bushes. This is not the case today, most of the cases of child molestation are by a person known to the child, whether it be a family member or a family friend.(Herkov, 2012) A pedophile is a person who is significantly older and has conscious sexual interests in prepubescent children. There are two kinds of pedophiles, the violent offenders and the non-violent offenders. The violent offenders are the minority of offenders. These are the one that pose the greatest risk to the victim and the public. Violent offenders are also known as child rapists. They use threat, intimidation, and physical force to overpower their victims. In most cases the child relinquishes sex for survival.(Bridges, 2012) The non-violent offenders are the most prevalent of all molesters. These are the people who use deception and enticement to lure their victims into submission. In a way, these offenders are using a form of sexual extortion. Sex is often rewarded or exchanged for acceptance, recognition, attention, or material gain. Often times the victim will resist, and since these are non-violent predators, they will increase the efforts to get the victim to accept their advances . If the child is persistent, the offender will most likely move to a more vulnerable target. If the offender does start sexually abusing the victim, the sexual... ...July, 2004. Web. 5 Apr. 2015. http://www.transformationsjournal.org/journal/issue_08/article_01.shtml Bridges, Debbie. "Sexual Addiction Treatment, Signs,Causes, Symptoms." MedicineNet. MedicineNet, 28 July 2012. Web. 14 Apr. 2015. D’Amora, David and Burns-Smith, Gail. How Offender Treatment and Victim Advocacy can Work Together in Response to Sexual Violence," Sexual Abuse: A Journal of Research and Treatment, The Official Journal of the Association for the Treatment of Sexual Abusers,11 (October 1999), 296-297. Deirmenjian, JM. â€Å"Pedophilia on the Internet.† Journal of Forensic Sciences, 47.5 (2002): 1090-1092. Herkov, Michael. "What Is Sexual Addiction?" Psych Central. Psych Central, July 2012. Web. 14 Apr. 2015. Lamberg, Lynne. â€Å"Researchers Seek Roots of Pedophilia.† JAMA, the Journal of the American Medical Association, 294.5 (2005): 546.

Counselors as companions and Ethnics in human Services report Essay

From Tragedy to Triumph: Counselor as Companion on the Hero’s Journey By: Richard W. Halstead The ethical standards for the human service professionals from the national organization of human service professionals. Some things that I believe that the counselor has learned from Steve are never say what a person with a disability can’t do. Also I think he learned that may impaired people tend to look at being normal like everyone else instead of pushing toward a goal in life and becoming successful with it. Another thing that I think the counselor learned from Steve was that never judge anyone by the disability of a person, because they can accomplish anything in life that they put their minds to. Some of the counselor’s behaviors that may have changed since working with Steve is that he learned that many people that have come in contact with a problem can overcome obstacles in many different way and that never thing a person with a disability can’t achieve something that he wants in life. Also after the talk with the psychiatrist, the counselor started using his thinking skills more. As it said in paragraph seven on the second page of this article,† The Psychiatrist had, unwittingly, provided me (The counselor) with what I thought might serve to propel Steve to the next milestone on his journey†. (Halstead Richard W. Pg2). It made the counselor want to encourage Steve even more to achieve his goal and prove the doctors wrong. I really do think that the people I come in contact with change me in some way by making me really see what is going on with them and make me determine to help them overcome that obstacle in life. Also it makes me want to be there for them more to help them, because nobody should have to go through a problem alone. When you help someone in life like it says on page one of this article, the counselor had met Steve who was struggling to regain a life taken a way, the counselor was confronted with trying to understand his role in the process, and over time they both found their way through the problem. (Halstead, Richard W. Pg1). We as people in the human service field will have several different problems that we run in to with our clients and we have to use our critical thinking skill and our references that we have to help that person through their problems as well as learn from our work. Steve was changed as a result of this relationship by determining that being normal wasn’t as important as achieving his goal of getting a college degree in his field that he had chosen. Everyone isn’t normal and we should try to work towards being normal, we should try and work towards our goals just like Steve can to realize. Steve has benefited from this relationship tremendously with the help of the counselor and the principle of the college he was able to finish school 5 years later, but he had his degree under his belt, as well as being offered a job writing and helping other people through their problems as well. One ethnical issue that may lead me as a human service professional to review the ethical standards would be that a client is recently diagnosed with the HIV virus. He is very upset and crying his eyes out wanting to commit suicide and threatens to kill the guy that he thinks gave it to him before he does. How I can resolve any ethical concerns is by looking in the ethical standards and look over what its say to do in a case like this, but on the other hand try to calm the client down and give him as much support and help needed by weighing out the outcomes of the situation. Also I would look up something using my reference skills that could maybe ease him a little about the situation and make him think different. On the other hand me as a psychologist I have to refer to the ethical standards for human services professions and take the stand. In the ethical standards for human service professionals it states under statements three and four that me as a human service professionals have to keep the clients information confidential with others that, but have to breech the confidentiality of the client and consider seeking supervision because the client is trying to harm himself as well as others. The national organization of human services ethical standards are very important to follow as I begin to work with individuals, families, groups, and communities, because it will tell me what I need to do if I feel there is something that could take place and how to go about doing it as well. References 1. Halstead, R. W. (2000). From Tragedy to Triumph: Counselor as Companion on the Hero’s Journey. Counseling & Values, 44(2), 100. 2. National Organization of Human Service Professionals.Ethical Standards for the Human Service Professionals.Retrieved from: http://www.nationalhumanservices.org/ethical-standards-for-hs-professionals.