INTERNATIONAL NEWS


Europe: 4.5 billion Euros to develop CO2 storage and renewable energies

The European Commission, European Investment Bank (EIB) and Member States are proposing to provide about 4.5 billion Euros in direct funding for innovation in sustainable development. This grant is to finance two initiatives: the advancement of capture and geological storage of CO2 (CCS), and innovative renewable energy technologies
This grant, named 'NER300' (New Entrant Reserve), corresponds to 300 million tonnes worth of CO2 emission allowances (rights to emit one tonne of carbon dioxide) in the New Entrants' Reserve (NER) of the European Emissions Trading Scheme (ETS). The financing of the grant will come from the sale of these emission rights at 15 Euros per tonne, which it is estimated will raise 4.5 billion Euros. This amount will cover 50% of the investments in sustainable development schemes.
Interested countries must submit their projects to the EIB before the end of 2010; the final decision will be made one year later. The proposed programmes should be operational by the end of 2015. A second call for projects will be launched in 2013.
The EU directive highlighted the importance of Risk Management for CCS projects. Oxand will support some of the applicants to the NER 300 to ensure they are compliant with the ISO 31000 standards.




New international standards for managing risk

After ISO 31000, which dealt with the design and implementation of global risk-management systems, new international standards are appearing to complete the picture. The objective: to better anticipate the threats facing organisations.
This is the case for ISO 31010, which provides a catalogue of available risk-analysis methods. Or standard 26000*, which is close in scope to ISO 15288: both aim to provide management frameworks, the former for organisational responsibilities, the latter for the life cycle of large industrial projects.
Not forgetting the British Standard Pass 55, specially designed to structure and improve the management of industrial assets.
At the heart of businesses today, we are seeing a strong demand for the implementation of these constantly evolving international standards.
This is one of Oxand's competencies. The solutions that its experts develop are all coherent with these standards.

* Publication of ISO 26000 is expected towards the end of 2010




A growing number of countries are choosing to extend the lifetime of their nuclear power plants.

From Spain to Belgium, passing through France, Germany, Switzerland and the United States, nuclear security regulators have decided to prolong the operational lifetime of their existing nuclear sites. On the world scale, this includes over 400 reactors.
The countries that chose nuclear power, principally in Western Europe and in North America, have run into difficulties in new nuclear power station projects. Reticent public opinion, the heavy investment required, and political tendencies have persuaded numerous governments to prolong the use of existing power plants beyond their predicted lifetime of about 40 years.
Today, nearly a third of nuclear power plants across the world have been in use for 30 years. Plant operators who are preparing dossiers to justify lifetime extension are confronted with two questions: is it possible to extend the lifespan and, if so, what is the required plan of action?
These are questions answered by Oxand's experts on a case-by-case basis. Oxand is steering several extension projects in different countries and has intervened in North America since 2010.




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