Wind, solar power is the future: scientist
Walter Kohn, who shared the 1998 Nobel Prize in Chemistry, told a meeting of the American Chemical Society that total oil and natural gas production, which today provides about 60 percent of global energy consumption, is expected to peak about 10 to 30 years from now, followed by a rapid decline, an ACS release said.
But ongoing research and development of alternative energy could lead to a new era in human history in which two renewable sources — solar and wind — will become Earth's dominant contributors of energy, Kohn said.
Global photovoltaic energy production increased by a factor of about 90 and wind energy by a factor of about 10 over the last 10 years, Kohn said, and he expects vigorous growth of these two effectively inexhaustible energies to continue.
Kohn, from the University of California, Santa Barbara, cited students on his campus who spent their own funds to convert an athletic building to total solar power.
"When it comes to providing leadership by young people in the area of energy conservation and energy efficiency and global warming - they are fantastic," he said. "It is a major social commitment for our times."
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Peterborough Distribution sold to Hydro One for $105 million.
PETERBOROUGH - The City of Peterborough said Wednesday it has agreed to sell Peterborough Distribution Inc. to Hydro One for $105 million.
The deal requires the approval of the Ontario Energy Board.
According to the city, the deal includes a one per cent distribution rate reduction and a five-year freeze in distribution rates for customers, plus:
- A second five-year period with distribution rate increases limited to inflation and an earnings sharing mechanism to offset rates in year 11 and onward
- Protections for PDI employees with employees receiving employment offers to move to Hydro One
- A sale price of $105 million
- An agreement to develop a regional…