Energy Shift: The case for bike lanes

Plus: AI boom is gas-fired; $7B for Indonesian carbon capture; More big batteries; Total pauses US offshore wind project; Sweden’s Northvolt collapses

Hi everyone,

Alright, I took the bait, so to speak. Ontario’s Premier Doug Ford took away the power of cities in that province to decide on bike lanes and will rip out existing ones. That has me and many others shaking our heads. Check out my take on it below.

Just one more issue for 2024 before I take a break for the Christmas holidays. Let me know if you have a topic you think I should cover or a story to include.

Thanks for reading and continue to share around with others.
Peter


Peter’s take: The case for bike lanes

Recently, the Province of Ontario passed a law to remove bike lakes, as well as make it harder for municipalities to install new ones:

  • Ford gov’t passes law to remove Ontario bike lanes, frustrate future installations

It represents a fine example of post-truth populist politics taking us in the wrong direction. Heavy sigh. Others have commented on this and I encourage you to read the two op-eds:

  • Shawn Micallef in The Star talking about the “war on the car”
  • Sarah Elton and Madeleine Bonsma-Fisher in the Globe and Mail ($): The bike lane debate isn’t a war on cycling – it’s a war on data

To really get a good idea of what this means for Toronto, watch all 13 minutes of Oh the Urbanity!’s latest take on it.

Here are the reasons why we ought to enable cycling in cities:

  1. Increased Local Business Revenue: Studies have shown that bike lanes can boost sales for local businesses.
  2. Higher Property Values: Properties near bike lanes often see an increase in value. This can lead to higher municipal revenues from property taxes.
  3. Reduced Road Maintenance Costs: Bikes cause less wear and tear on roads compared to cars, leading to lower maintenance costs for cities.
  4. Health and Productivity Benefits: By promoting cycling, bike lanes can improve public health, reducing healthcare costs and increasing productivity due to fewer sick days, reducing rates of obesity, heart disease, and other health issues. Another source: here.
  5. Reduced Greenhouse Gas Emissions: Cycling produces far fewer emissions compared to driving. For instance, cycling emits between 16 to 50 grams of CO2 per kilometer, depending on factors like diet and cycling efficiency. In contrast, a typical car emits about 170 grams of CO2 per kilometer. Sources: here, here, here and here.

And here are why bike lanes are important to enable cycling:

  1. Safety: Bike lanes significantly improve safety for cyclists by providing dedicated space on the road, reducing the risk of accidents with motor vehicles. Studies have shown that cities with protected bike lanes see fewer fatalities and injuries for all road users. Sources: here and here.
  2. Reduced Traffic Congestion: Contrary to some beliefs, bike lanes can help reduce traffic congestion. By encouraging more people to cycle, there are fewer cars on the road, which can lead to smoother traffic flow.
  3. Social Equity: Bike lanes provide a low-cost transportation option, making it easier for people of all ages and abilities to commute and access amenities and essential services. An important attribute: make them “always available”, meaning keep them cleared of snow and ice. Those are the five “A’s” in Calgary’s “5A network: Always Available for All Ages and Abilities.

So where does that leave us? I invite you to:

  • Not fall into the trap of thinking that “getting that one lane back” will solve traffic congestion. It has been proven over and over that the additional lane merely induces more demand.
  • Advocate with your local municipality, and ahem, now also higher orders of government, to invest in bike lane infrastructure. It is an investment in economic development and improved heath and environmental outcomes.

Finance & Sentiment

Jurisdictions representing over half of global GHG emissions to be covered by ISSB climate reporting requirements

Gas-fired AI Boom Propels a Wild-West-Era Texas Landowner to 230% Stock Rally

Hundreds of companies to share supply chain data in open-source hub


Technology

Hydrogen 

US awards up to $2.2 billion to speed clean-hydrogen development 

Hydrogen Wildcatters Are Betting Big on Kansas to Strike It Rich

The first large-scale deep salt cavern hydrogen storage project in China (US$10.8m)


Carbon Capture & Removal 

Santos Aims to Bury 14 Million Tons of Emissions a Year by 2040

BP and partners to invest $7 billion in carbon capture project in Indonesia’s Papua
CO2 captured by BP will then be sequestered, though will enhance natural gas production in the process. 

Carbon removal developers unveil first all-wind-powered direct air capture plant

EU Lawmakers Approve Regulation to Establish Carbon Removal Certification System


Biofuels 

Oil majors are betting big on biofuels with over 40 projects by 2030, Rystad says 

HSBC, BlackRock buy sustainable aviation fuel

Sustainable aviation fuel is taking off. What is it, exactly?


Urban Design & Buildings 

Ford gov’t passes law to remove Ontario bike lanes, frustrate future installations

Want to Ease the Housing Crisis? Build High-Speed Rail | Macleans

Feds sign off on NYC congestion pricing, clearing way for tolls to start Jan. 5

Google Nest spinout picks Texas for 1GW virtual power plant
[Excerpt] During heatwaves or cold snaps, Renew Home can automatically adjust thermostat settings to pre-cool or pre-heat homes before demand for grid electricity reaches its peak, and then dial down power use when demand surges. Remote-control ​“smart plug” switches can also temporarily turn off refrigerators, clothes dryers, and other major household loads. All told, these interventions can reduce a typical home’s electricity use by a kilowatt or so for several hours. Multiply that by millions of homes, and that adds up to gigawatts of grid capacity.


Energy Storage 

NSW gives planning approval for giant 2 GWh battery

Exxon Signs Deal to Supply Lithium to Battery Maker LG Chem

Origin adding to Australian battery, making it one of world’s largest

W.A. nearly doubles grid storage as second Kwinana battery finished (200MW/800MWh)

Japan looks to vanadium redox flow batteries to pair with wind


Solar and Wind 

One of the US’s first solar peaker plants – with Tesla Megapacks – just came online

WestWind plans 1.5GW wind farm and 2,400 MWh battery in NSW, Australia

Victoria solar farm and battery project gets federal approval in just 20 days

Total Pauses New York Offshore Wind Project After Trump Win

2024 to be a record year for US solar with 32 GW of installations

Minnesota’s largest coal plant goes solar: Sherco Solar comes online


Transportation 

Genesis wants a bigger slice of the US luxury market with new EVs en route

Are LFP EV batteries better than NMC?

European EV battery maker Northvolt collapses into administration

Six Major Automakers Agree to End Gas Car Sales Globally by 2040

Renault E-Tech T semi truck gets 600 km range for ’25, logs 19 million miles

Hyundai debuts Ioniq 9 with swivel seats to turn your 3-row SUV into a lounge


Circular Economy 

Countries fail to reach agreement in UN plastic talks

Leave a Reply

Your email address will not be published. Required fields are marked *