Dalelorenzo's GDI Blog
12Sep/210

Could UK gas power stations still play a role on a net zero grid?

Could UK gas power stations still play a role on a net zero grid?

Aurora Energy Research postulates thermal power generation gave with hydrogen and CCS furnishes most cost-effective pathway to a net zero power system

Power sector decarbonisation is frequently characterised as the low-pitched hanging fruit of the UK's net zero change. The dazzling decline in renewable energy technology expenditures over the last decade has established the sector as the linchpin of the country's decarbonisation drive, provide a potential template for how government and industry can work together to scale lettuce technologies that can decarbonise the economy. Earlier this month, authority people confirmed that renewables toppled fossil fuels as the dominant source of ability on Britain's grid for the first time ever in 2020, plying 38 per cent of the members of the island's power.

But a report from Aurora Energy Research today cautions that the latter phases of power sector decarbonisation could well be set to diverge from the aforementioned narrative. It suggests the costs of removing emissions from the power system are likely to rise over the course of the year as policymakers planned how to deliver firm and flexible low-grade carbon generation ability that can oust unabated fossil fuel power from the grid. After all, as the electrification of heat and transport picks pace, Britain's peak demand capacity is set to grow to 80 GW by 2050, up from 50 GW today, and the fossil fuel gas-fired power stations that supply much of this power top demand today are clearly incompatible with the nation's mid-century net zero target.

At the same time, however, the intermittency of solar and wind power represents poses challenges for to secure the ignites are remained on at all times in the UK, and that crest times of challenge can be met regardless of when the wind blows and sunshine radiances. Often, the answer here is touted as more efficient use of electricity through increasingly sophisticated grid demand technologies backed by a combination of nuclear power and vigor storage from batteries and ran hydro facilities.

But, as superpower request spates in the coming decades, Aurora Energy Research argues that rather than ditching gas power absolutely, thermal fossil fuel power assets may actually volunteer the most cost-effective route to ensuring firm and adaptable power on the future grid - afforded fossil facilties are transformed to limit their environment impact.

The report contends that the installation of carbon capture and storage( CCS) and hydrogen engineerings at thermal fossil fuel power plants renders the cheapest pathway to stipulate house and adaptable exertion to the grid, even more so than alternative options on a more renewables-dominated grid. While assemble peak grid supremacy require in 2050 with CCS and hydrogen expects approximately PS40bn in capital expenditure, it estimates that this would be significantly less than the estimated PS1 70 bn price tag from scaling alternative technologies to ensure firm and resilient superpower such as nuclear, shot storage or lithium-ion batteries.

Marlon Dey, GB research lead at Aurora Energy Research, argued that lithium-ion artilleries and pumped hydro could have been "contribute so much" to the power sector's decarbonisation due to their limited storage durations.

"It is clear that puff and solar will provide a stretching and cheap generator of capability to meet our needs as we electrify heating and transportation, but questions remain in terms of how we ensure the safety of supply in a decarbonised power system, " he said. "Looking out to 2050, gas-fired assets still look to remain the only workable alternative we will have to keep the lights on. Carbon capture and hydrogen technologies hence present a technically workable pathway for gas assets to deliver energy security, whilst being able to drastically chipped their emissions in line with net zero goals."

It is a potentially controversial conclusion that is likely to rile climate activists, who have long feared that an overreliance on carbon capture and blue hydrogen engineering hazards fastening in fossil fuel infrastructure and continued demand for oil and gas, right at a time when major economies such as the UK's should be taking the lead in rapidly moving away from fossil fuels. Indeed, the International Energy Agency( IEA) concluded earlier this year that no brand-new fossil fuel roots should be sounded anywhere in the world after 2021 if world-wide climate targets are to remain achieveable, and there is increasing confidence that dark-green grid engineerings such as demand-side response and force storage is likely to be scaled and delivered at a low-spirited enough cost to ensure a fossil fuel-free grid.

But Aurora Energy Research's report today contends that gas power plant should not be taken off the counter wholly by policymakers, and highlights various examples of projects underway in the UK that afford a potential pattern for how to harness fossil fuel power for the net zero transition. While five major hydrogen and carbon captivate supremacy projects are currently underway in the UK, this count is expected to grow following the publication of the government's Hydrogen Strategy, expected imminently, which will set out how the government intends to stimulate supply and demand for the low-grade carbon fuel.

Hydrogen and carbon capture technologies can be deployed in several different ways to decarbonise thermal assets, according to the newspaper. These include installing CCS infrastructure at gas power plant - an approaching favoured by SSE for its Keadby 3 and Peterhead terminals - and the blending of low carbon hydrogen gasoline with natural gas at terminals, as planned at Rocksavage power station in Cheshire and at a seed in Saltend Chemical Park on the Humber. The report too considers the economics of structure hydrogen power plant , noting that two such projects are already being planned by industry alliances at Saltend Chemicals Park and Immingham.

Even so, in order to scale such technologies, it concludes overall that government support will still be critical for any CCS or hydrogen projects to become economically viable, arguing that retrofit CCS campaigns could expenditure around PS104-107 per kW under a 10 -year dispatchable influence agreement( DPA ), rising to PS134-139 for new erects under a 15 -year DPA.

Hydrogen has lower capex requirements than carbon captivate, and as such brand-new body-build hydrogen CCGTs are estimated to require total subsidy support of PS87-93/ kW, with hydrogen peaking embeds likely to need around PS72-78/ kW, it calculates. It careful, however, that hydrogen oil rates are three to ten times higher than the clean gas toll, and that such projects hence "remain out of merit" without government give report. A carbon toll of PS210/ tCO2 by 2035 would be required to place hydrogen flowers ahead of unabated plants in merit require, it estimates.

Moreover, the analysis suggests that carbon offsets may be required to deliver a net zero power system that is fair to end consumers. The final one per cent of carbon emissions from the GB grid could cost more than PS1, 500 per ton of CO2, it memo, and as such it could be in the proposal payers' interest for policymakers to tap afforestation and land use change to compensate for the final slice of emissions and save energy costs down.

By mapping out a future for gas power in the UK that relies on CCS, hydrogen, gives and counterbalances in order to be serve the net zero economy of the future, it is clear from Aurora Energy Research's analysis that this offers a challenging - both economically and politically - pathway to make. Yet at the same time, there can be little doubt that scaling up enough renewables roots to meet demand, on top of developing and rolling out the grid and storage engineerings to support wind and solar, likewise brought about by major, complicated technical challenges that must be overcome in the UK's quest for net zero.

Which pathway the UK chooses to take remained to be seen, but if nothing else Aurora's research today renders a compelling assertion for why it may be premature at this stage to write off the future for oil and gas in a renewables-domincated power system.

Want to learn more about the net zero transition and how it will impact your business? Sign up now for a free pass to the Net Zero Festival and keep an eye out for upcoming details on this December's Net Zero Culture Summit.

Read more: businessgreen.com

12Jul/210

What investors can learn from Bill Gates’ climate warning

What investors can learn from Bill Gates' climate warning

The Microsoft founder’s new journal further strengthens our sentence about investing in the vigor modulation, according to Schroders

When one of the world's wealthiest characters writes a bible on avoiding atmosphere calamity - and shows deepens we all need to attain to our lifestyles - it is easy to be cynical.

But the high-profile intervention of Microsoft founder Bill Gates in the climate change debate should be welcomed. This is not just a highly intelligent wealth creator, but is someone who, arguably, has unique access to information and insight. Furthermore, his Gates Foundation has achieved affecting ensues in addressing world health and education issues. He clearly has an appetite for solving the apparently unsolvable.

His book How to Avoid a Climate Change Disaster: The Solutions We Have and the Breakthroughs We Need should be a must-read, particularly for those investing in the great force transition.

He captures the challenge of the century: how do we stop computing of 51 billion tones of greenhouse gases to the atmosphere each year. This needs to be done as fast as possible to avoid climate disaster and in an financial and balanced way.

As a money administrator who lives and breathes current trends, the solutions identified by Gates affirm the decisions being made by me and my squad - the technologies we are backing and the innovations we are distinguishing.

Gates sets out the need to quickly reduce our trust on fossil fuels over the next 30 times to get to net zero. Net zero does not certainly mean that we will not be using fossil fuels anymore. In power generation and in floor transportation, that is a strong possibility, but in other areas, such as steel and plaster manufacturing, or fertilisers or even lightweight plastics, we will likely still be using some fossil fuels. Carbon, nonetheless, will need to be captured rather than released into the atmosphere.

The first part of the book stipulates some simple meanings that cannot ignore the fact 😛 TAGEND

'We need to do this now; it is not optional. We need to invest duration and money right now to avoid a climate disaster that will have a much bigger economic and social impact than all previous post-war recessionary ages put together. We have reached a position where we need to get carbon emissions to zero( or close to it) by 2050. Slow progress still leads to catastrophe. For illustration, a 50 per cent reduction in emissions from here would still lead to rising temperatures. Our current reliance on fossil fuel impels the starting point of this structural shifting very hard. Not simply do we use fossil fuels in almost everything we do, from driving your gondola to touching your teeth, they are also excessively cheap. Unless we commit to investing in zero carbon solutions, thereby reducing their costs, progress will be slow.'

The next one of the purposes of the book is a little more optimistic 😛 TAGEND

'There are lots of potential solutions that we can apply in combination that would tackle carbon emissions across exertion networks, transportation, agriculture and manufacturing. Authorities have become much more aligned in the last few years. The 2015 Paris Agreement was a big step forward. However, from here individual authorities need to set policy that animates be invested in the privilege areas in order to drive down expenditures. Clear government policy reduces the health risks for investors in key technologies and underpins speculation raise. A fortune of information and communication technologies are already cost effective for both the investor making a suitable return on their speculation, and for consumer interests, in terms of being able to pay for the end product. A positive repetition is created: the cost profile of these significance orders only gets better as the end market size increases. Government policy can accelerate this trend. Carbon taxes will need to be applied in a considered manner across developed marketplaces versus emerging markets. They must be applied at industry level to encourage investment in clean domains, but likewise to consumers in order to encourage swapping and drive demand.'

The world-wide intensity plan, when you mix electricity, transportation and heating/ cool, is effectively responsible for half of the 51 billion tonnes of greenhouse gases being released into the atmosphere. This change in the intensity organisation to a more sustainable system is what people now can be attributed to as the "energy transition".

As investors in this trend, we are responsible for investing our clients' money responsibly in the companies directly involved in the structural transformation of the world vigor arrangement over the next 30 years.

The book genuinely italicizes some of messages that we have been transmitting to patients. Here are six members of the most important 😛 TAGEND

This structural switch in the vigour plan is a multi-decade investment phase: it is not cyclical, it is structural. This investment phase have just started and needs to accelerate from current positions to get anywhere close to cyberspace zero by 2050. The quantity of investment - estimated to be close to $100 tr between 2020 and 2050 - is significant, both in terms of relative to previous intensity asset hertzs and relative to other industries. Governmental policies is becoming ever more supportive and they will play a key role in incentivising investment, dis-incentivising areas of high emissions and driving down expenses in key emerging technologies. Penalty within the energy transition value chain are already at a level in key engineerings where they emulate front on with fossil fuel alternatives. These payments will keep falling on a relative basis. Consumers at both the business and suburban tier are increasingly shifting towards these end products, whether it is Microsoft only sourcing electricity from renewables or shoppers buying electric cars. This veer will simply accelerate over the next few years.

Long before he turned his attention to climate change and wrote this work, Gates had already articulated what can help in solving the apparently unsolvable. And it has resonance for investors.

In 1996, he wrote: "We ever overestimate the modify that will occur in the next two years and underestimate the modify that will occur in the next 10. Don't let yourself be lulled into inaction."

Schroders is a partner of the Net Zero Festival. Read more Sustainability penetrations from Schroders now.AdvertisementAdvertisement

Read more: businessgreen.com

9Jul/210

Fossil Gen 6: What we’d like to see from the company’s next smartwatches

fossil gen 5 lte review on wrist

Credit: Jimmy Westenberg/ Android Authority

Fossil's Gen 5 and its numerous spinoffs have been around since 2019, establishing them old hands in the smartwatch world. Clearly, then, the Wear OS device is due for a replacing. But just what will the follow-up look like, and will it be a worthy improve rendered changes in the market? Here's what we'd like to see, along with a few clues as to what to expect.

Also read: The best smartwatches you can buy right now

A new processor

fossil gen 5 lte review watch face display 1

Credit: Jimmy Westenberg/ Android Authority

Ask most Gen 5 owners what they dislike -- or most Wear OS watch owners, for that matter -- and they'll likely point to the aging Snapdragon Wear 3100 chip inside. It felt age-old and sluggish in 2019, let alone now. Fossil needs to update Gen 6 with modern processing strength if it's going to compete with the Apple Watch and more recent Wear OS maneuvers like the Ticwatch Pro 3.

Thankfully, that improve seems quite likely. The Snapdragon Wear 4100 has been available for a while and would be an obvious ascent for Fossil Gen 6 between its much-improved performance( up to 85%, Qualcomm claims) and extended battery life. These wouldn't precisely improve the overall knowledge -- they could be crucial to making the most of pieces like sleep tracking.

A software overhaul

fossil gen 5 wear os logo 2

Credit: Jimmy Westenberg/ Android Authority

The software on the Gen 5 is outdated, to position it mildly. Google hasn't done much with Wear OS for years, and Fossil's customizations is impossible to do so much to improve the experience. If Fossil Gen 6 is going to fare well against the competitor, it needs a exhaustively modern boundary that plays with the very best from Apple and Samsung.

There's a real chance we'll come that desire, and it's not hard to see why: Google and Samsung are teaming up for a Wear OS overhaul. It should deliver visual amends, a brand-new "experience," an improved app ecosystem, and ameliorates to health and fitness( with Fitbit's help ). While it's too soon to say if this will work well in practice, it's comforting to know a refurbish is underway -- even a meagre improvement could impel Fossil Gen 6 more compelling to Wear OS skeptics.

Related: Wear OS buyer's guide: What you need to know about Google's smartwatch platform

More sensors and wireless tech

fossil gen 5 lte review heart rate sensor on table

Credit: Jimmy Westenberg/ Android Authority

Wear OS watchmakers haven't digressed far from a conspicuous concoction of sensors and wireless ties-in. You'll routinely find a heart rate sensor, NFC for tap-to-pay assistances, and increasingly aging versions of Bluetooth and Wi-Fi. You'll sometimes find an LTE model if you're lucky. That's been fine for a while, but Fossil Gen 6 needs to move on if it's going to live up to its potential as a smart-alecky, fitness-savvy wearable.

Health sensors could stand the most crucial improvements. You can find blood oxygen sensors on wristwear like the Apple Watch, while the Fitbit Sense even has only one electrodermal sensor to measure your stress. Future watches might lend glucose checking to help people with diabetes keep their blood sugar elevations in check. While Fossil Gen 6 doesn't need all of these to succeed, it would be easier to justify if it could keep track of your state and even warn you of potentially life-threatening conditions.

The Fossil Gen 6 doesn't need the best health sensors to succeed, but it at least needs improvements over the Gen 5.

And yes, Fossil ought to modernize the wireless connectivity in Gen 6. That seems likely if there's a microchip improve, but it's important all the same. Even relatively well-established engineerings like Bluetooth 5 and Wi-Fi 5( we wouldn't expect Wi-Fi 6) could improve reliability, performance, and battery life, particularly for demanding tasks like music streaming. We'd too like to see faster data on cellular simulations, although 5G is unlikely given how it was better expects a great deal of power.

Diversity in case sizes and intends

skagen falster 3 review watch face on wrist 1

Fossil has been more accommodating of various genders and manner appreciations for its smartwatches, thanks in no small-time part to wearables from sub-brands like Kate Spade, Michael Kors, and Skagen. However, Fossil still has a lot of design work left if Gen 6 is going to appeal to everyone.

Most notably, Fossil ought to bring a wider range of occasion sizings to Gen 6. As women and other thin-wristed beings will tell you, smartwatches are often too large to look fashionable. The smallest Gen 5 and 5E watches have a 42 mm occasion -- that's enormous for some wearers. Although screen sizes and battery life will indeed dictate a certain minimum size, it's clear Fossil ought to take a cue from rivals like Apple and make smaller watches that look at home on more wrists.

Read more: The best Wear OS watches | The best Fossil smartwatches

We'd add that the designs themselves are, frankly, lackluster. As many cases and strap wordings as Fossil furnishes, the Gen 5 path is fairly predictable. Even labels like Michael Kors and Skagen haven't shifted that far from familiar ideas. You have to spring for Diesel's transparent Fadelite to get an exciting Fossil design, and that won't do if Gen 6 is going to stand out.

Don't expect a whole lot of motley on start. Fossil ministerials recently revealed that they proposed a lone " premium " Gen 6 watch under the brand, with sub-brands offering something similar. We'd like to see the company be much more ambitious, though. It could pioneer more instance styles and materials( ceramic or titanium, anyone ?), bolder hues, and fanciful bandings that aren't just the usual leather straps and steel bracelets. If Apple can work wonders with a braided loop, a veteran watchmaker like Fossil are certainly innovate.

Fossil Gen 6 secrete year and price

fossil gen 5 smartwatch garrett 1

As to when will Fossil will be supported a release appointment for Gen 6? That's a hard summon. Rumors have pegged a open as early as July 2021, but we wouldn't count on that with Google's Samsung collaboration on the horizon. Fossil might "ve been waiting for" the new application is ready to compete with contender Wear OS watches , not to mention third-party rivals.

The price of Fossil Gen 6 might be more predictable. Gen 5 debuted at a tolerable $295, and we wouldn't expect its sequel to cost much more unless there are pricier case and buckle choices. The smartwatch nature is furiously competitive, and a good value is crucial if Gen 6 is going to stand a chance.

Read more: androidauthority.com

22May/210

‘The sky’s the limit’: How ‘cheap, abundant’ renewables could boot fossil fuels from the electricity sector by mid-2030s

'The sky's the limit': How 'cheap, abundant' renewables could boot fossil fuels from the electricity sector by mid-2030s

Carbon Tracker study detects solar and wind power potential is 100 seasons as much as world vitality necessitate

Solar and wind power could propagandize fossil fuels out of the electricity sector by the mid-2 030 s and out of the energy supply system altogether by 2050, as clean-living energy costs continue to plummet and governments pursue programs designed to ditch fossil fuels for inexpensive, home-grown renewables.

That is the compelling conclusion of a new analysis from the Carbon Tracker think tank, which today argues that startling decline in the cost of solar and wind power over the last three years has unlocked a huge energy reserve that could encounter global exertion request 100 seasons over.

The report, entitled The Sky's The Limit, bickers the present renewables grocery has only scratched the surface of total renewable funds, with merely 0.01 per cent of cases of solar and 0.16 per cent of cases of breath possible tapped thus far. It calculates the world's attainable reserves of solar and wind power stand at 5,800 petawatt hours( PWh) and 900 PWh yearly, using current scavenge intensity engineerings, figures that dwarf the 65 PWh used by the world-wide power arrangement in 2019.

As such, the specialists predict exponential expansion for the solar and wind power areas , noting that "humans specialise in extracting cheap energy, and fast".

The business and energy opportunity presented by clean energy development is significantly larger than that of fossil fuels distillation and yield, the analysis calculates, including there is potential to generate more solar power in one year than could be generated from burning all known fossil fuel reserves.

Harry Benham, report co-author and chairman of think tank Ember-Climate, highlighted the fact that merely a fraction of the world's substantial renewable resources required to be sounded to oust fossil fuel power. "The world does not need to exploit its part renewable resource -- really one per cent is enough to replace all fossil fuel usage, " he said. "Each year we are fuelling the climate crisis by burning three million years of fossilised sunshine in coal, oil and gas while we use simply 0.01 per cent of cases of daily sunshine."

The proportion of the world's solar and wind resources that are more economically competitive than fossil fuels is growing as renewable rates continue to decline, review reports indicates. Roughly 60 per cent of the world's solar resource and 15 per cent of the members of its jazz source is currently economically competitive compared to fossil fuels, and the report projects that by 2030 100 per cent of solar asset and 50 per cent of gust source could weaken fossil fuels.

"The fossil fuel era is over, " the report states. "The fossil fuel industry cannot compete with the technology learning arcs of renewables, so necessitate will surely precipitate as solar and gale continue to grow. At the present 15 to 20 per cent growth rates of solar and breeze, fossil fuels will be propagandized out of the electricity area by the mid-2 030 s and out of total energy supply by 2050. "

The report categorises countries into four key groups based on their potential to harness solar and wind sources relative to their domestic consumption and concludes that Africa is a "renewables superpower" due to its vast solar possible and relatively low energy demand.

However, while most countries in sub-Saharan Africa have renewable energy potential 1,000 times greater than energy demand, Japan, South Korea, and many countries in Europe have possible that is lower than 10 eras current requirement, review reports determines. As such, it advises these nations face "touch political choices" about how to sounds their renewable resource more effectively over the years ahead.

The UK is placed in the "replete" category, with the researchers calculating it has technological renewables possible this is only over 10 hours demand.

"We are entering a new date, comparable to the industrial revolt, " Carbon Tracker energy strategist and contribute generator Kingsmill Bond said. "Energy will collapse in price and become available to millions more, particularly in low-income countries. Geopolitics will be changed as societies are freed from expensive imports of coal, oil and gas. Clean renewables will crusade catastrophic climate change impacts and free the planet from deadly pollution."

Any analysis about the planet's immense potential renewables ability surely invites cautions about the reliability of a grid that is reliant on 100 per cent renewables and the land use impact of increasing solar and wind capacity by an order of magnitude. But the report argues that the rise of the offshore wind industry and rapid improvements in solar efficiency mean that "land is no constraint" to the development of renewables. The moor for solar power alone to satisfy world-wide exertion request - nearly 450,000 kilometres squared, or 0.3 per cent of all territory - is smaller than the footprint of fossil fuels today, it calculates. Meanwhile, there is growing confidence across much of the vigor manufacture that a combination of fast-maturing energy storage technologies, light-green hydrogen, and adaptable grid organisations could enable renewables-dominated grids.

The challenge of retiring the fossil fuel industry in the room of a few cases decades remains daunting in the extreme, but as Carbon Tracker's latest report highlights the energy industry's fundamental economics are only moving in one direction.

Read more: businessgreen.com

2May/210

JP Morgan and Citi pledge multi-trillion dollar green finance blitzes

JP Morgan and Citi pledge multi-trillion dollar green finance blitzes

Investment banks bolster their environment finance commitments for coming decade in last wave of Wall st. net zero financing targets

US investment banks JP Morgan Chase and Citi have significantly ramped up their environment finance commitments, yesterday launching schedules that would amount to several trillion dollars in sustained and low-grade carbon investment in the coming decade.

In separate bulletins yesterday, Citi has committed to delivering$ 1tr in sustainable finance by 2030, of which half will go to climate answers, while JP Morgan Chase said here today promote and finance$ 1tr in lettuce initiatives by the end of the activities of the decade as part of a major $2.5 tr sustainable finance target. The two banks, which are among the world's largest funders of fossil fuels, both quoted the need to use their significant influence to tackle climate change.

In a blog post on Thursday morning, Citi's head of global public affairs Ed Skyler sanctioned the bank would support a wide array of environment mixtures, including renewable energy, lettuce constructs, sustainable agriculture, and clean-living engineerings, aimed at accelerating the transition to a sustainable and low-carbon economy.

The bank's existing target to deliver $250 bn of environmental finance by 2025 has been ramped up to unlocking $500 bn by the end of the decade, it said.

"Given our world-wide footprint and our capacity in supporting financial undertaking around the world, Citi has a capacity to play in achieving the[ UN] Sustainable Development Goals - and in this moment as we look towards surfacing and rehabilitating from the Covid-1 9 pandemic, it's more crucial than ever that we address these priorities together, " Skyler wrote.

It comes only weeks after Citi announced it is targeting net zero enterprises by 2030 as well as net zero financed emissions by mid-century, amid a gesticulate of climate hopes that have swept US investment banks in recent months.

JP Morgan, meanwhile, yesterday committed to unlocking$ 1tr of such investments for initiatives that accelerate the deployment clean energy and promote the transition towards a low-carbon economy by the end of 2030, as part of a broader $2.5 tr financing programme dedicated to sustainable development.

JP Morgan CEO and chairperson Jamie Simon said the bank was "committed to doing its part" in delivering a low-carbon economy. "Climate change and difference are two of the critical issues of our time, and these brand-new exertions will help create sustainable economic development that should contribute to a greener planet and critical investments in underserved communities, " he said. "Business, government and policy leaders must work together to support long-term mixtures that improvement fiscal inclusion, bolster sustained economic development and further the transition to a low-carbon economy."

The bank, which is the largest in the US by assets, said it would help its consumers "navigate the challenges and long-term benefits" of the low carbon modulation through sustainability-focused, research and advisory services and a dedicated 'green economy' team that specialises on clean-living vigour, economy technologies, sustainable finance and agriculture and food technology.

It follows the JP Morgan's commitment last year to align its financing works with the goals set by the Paris Agreement.

The recent bulletins from JP Morgan and Citi come less than a few weeks after Wall Street rival Bank of America similarly committed to providing$ 1tr in "low carbon investment" by the end of the activities of the decade, as part of its own recently-announced goal of delivering net zero emissions across its financing work, operations and supply chain by mid-century.

Yet such commitments from major US investment banks are unlikely to quell scepticism from green activists, as many of these fiscal monstrous followed up with plough substantial sums of investment into fossil fuel industries. Statistics published earlier this month by the Rainforest Action Network revealed Citi and JP Morgan Chase are the banking sector's most prolific fossil fuel funders, having cater $237.5 bn and $316.7 bn respectively into fossil fuel houses in the five years since the Paris Agreement. Green groups have therefore chosen to bickered long-term climate targets and finance commitments must also be backed by act in the short term to divest from fossil fuel firms.

Read more: businessgreen.com

10Mar/210

Fossil Gen 5 LTE review: An old favorite, now on Verizon

We’ve been singing the accolades of the Fossil Gen 5 smartwatch because it freeing in 2019. At open, we had a few complaints about the watch, one of which was its lack of LTE connectivity. It took a few years, but Fossil has finally propelled a new copy of its flagship smartwatch with the ability to connect to a mobile network. This is Android Authority’s Fossil Gen 5 LTE review.

$349

. 00

Fossil Gen 5 LTE

Buy it Now

Fossil Gen 5 LTE

Buy it Now

$349

. 00

About this Fossil Gen 5 LTE review: I exercised the Fossil Gen 5 LTE for one week racing Wear OS version H-MR1 on the August 1, 2020 insurance patch. It was connected to my Google Pixel 5 throughout the testing period. The Fossil Gen 5 LTE review unit was provided to Android Authority by Fossil. Since we have already reviewed the Fossil Gen 5( non-LTE ), we’re going to keep its consideration of the report short. For many of the features that we’ve already covered, I will time you towards our full Fossil Gen 5 refresh.

What you need to know about the Fossil Gen 5 LTE

fossil gen 5 lte review watch face display 2Credit: Jimmy Westenberg/ Android Authority

The Fossil Gen 5 LTE is a Wear OS smartwatch that’s nearly identical to the company’s Gen 5 smartwatches that debuted in 2019. It’s a little bigger and has slightly different software, but for the most part the brand-new watch is cut from the same cloth.

Instead of secreting an all-new Fossil Gen 6 with LTE, the company opted for the tried-and-true Gen 5 lines to debut LTE connectivity. But now that the Gen 5 platform is a few years old, was this the right move?

Fossil Gen 5 LTE vs Fossil Gen 5: What are the differences?

fossil gen 5 lte review vs gen 5 carlyleLeft to right: Fossil Gen 5 LTE, Fossil Gen 5 CarlyleCredit: Jimmy Westenberg/ Android Authority

There are minimal differences between the Fossil Gen 5 LTE and the standard Gen 5, but there are some. Most of them "re going to have to" do with cellular connectivity.

We’ll start with the big one: the Fossil Gen 5 LTE is compatible with Verizon’s 4G network abusing the carrier’s Number Share platform. This tells you use your existing Verizon line on your watch, representing you don’t need to use different telephone number on your watch and your phone. The Fossil Gen 5 that launched in 2019 does not have cellular capabilities, though both simulations come with Bluetooth and Wi-Fi. You can still make and receive telephone calls on the older Gen 5 as long as it’s connected to a nearby smartphone.

See also: The best smartwatch transactions we could find

The Fossil Gen 5 LTE is only available on Verizon’s network in the US. At this time, you can’t buy the watch in any other regions. Fossil says it will launch the watch in non-eu countries last-minute this year.

iOS consumers will be sad to hear that the Fossil Gen 5 LTE is not compatible with iPhones. Fossil says it’s working to bring iOS support to the watch, though it does not yet have a timeframe for that boast. In contrast, the older Gen 5 can be used with Android and iOS devices.

fossil gen 5 lte review wear os system version fossil gen 5 lte review wear os version on wrist

There are also a few software differences between the two watches, some of which may be concerning. Fossil is propelling the Gen 5 LTE without the most recent software update that rolled out in August 2020. At open, the Gen 5 LTE does not have access to Fossil’s new wellness app, VO2 max estimates, native sleep tracking, or augmented custom artillery modes. The standard Gen 5 received this update last year.

This points to a potentially concerning difference between the two: will the Gen 5 LTE always be behind the Gen 5 with regular software updates? What about certificate spots? Or are these software differences a open date fluke that we won’t receive again? Fossil is usually quick to issue remarkable software updates to its watches, so we’ll give the company the benefit of the doubt now. When asked him its modernize schedule schedules, Fossil told Android Authority 😛 TAGEND

... Gen 5 LTE does not have the new Gen 5 software updates that wheeled out in August of last year. Our teams hope to implement these exciting innovations soon into our newest smartwatch, but we cannot confirm specific timing now. For future revise rollout cadence, our goal is to always furnish the best smartwatch experience including software updates to all related models.

fossil gen 5 lte review on wristCredit: Jimmy Westenberg/ Android Authority

The Gen 5 LTE shares many of the same design aspects as my Gen 5 Carlyle watch. While there are differences, you’ll probably like one if you like the other. The lugs are more angled on the Gen 5 LTE, and the lugs on the right side of the case extend to the rotatable home button. The two also feel nearly identical on the wrist. Both watches are heavy, though.

The two Fossil Gen 5s have more similarities than they do gaps. They both have the same crisp AMOLED displays, the same 45 mm lawsuit immensity, 310 mAh batteries, 8GB of onboard storage, built-in GPS, and optical heart rate sensors. They’re likewise leading on the same Snapdragon Wear 3100 SoCs with 1GB of RAM( more on this later ). To learn more about the watch’s fitness tracking abilities, be sure to check out our original Fossil Gen 5 evaluation.

Also read: The best fitness trackers you can buy

Do the new pieces play-act well?

fossil gen 5 lte review phone callCredit: Jimmy Westenberg/ Android Authority

fossil gen 5 lte review dialer dial pad phone call fossil gen 5 lte review call history contacts settings fossil gen 5 lte review mobile lte data esim

Yes, for the most part. Cellular connectivity with Verizon’s 4G network has been reliable in my testing. Phone calls are about as snappy as you’d expect from a smartwatch. My wife told me it resounded like “a step down” from be discussed with her on a smartphone, but overall, call excellence was acceptable.

Talking to someone through your smartwatch can be awkward. Most of the time I contained the watch up to my mouth to talk, but my spouse also said she could still hear me when I rested my wrist on the arm of my chair -- though I voiced slightly quieter.

Also, verses and emails came through reliably when I was only connected to Verizon’s network and detached from Bluetooth and Wi-Fi.

What could use some drive

fossil gen 5 lte review battery modesCredit: Jimmy Westenberg/ Android Authority

Battery life is fine, but not huge. The Fossil Gen 5 LTE will previous you all day, but you’ll likely it is necessary gave it on the charger on the second day if you’re a ponderous user. With my ordinary consumption, I averaged about 1.5 daylights on a single attack. That’s with LTE, Wi-Fi, and Bluetooth ties-in turn on, as well as the always-on display active and tilt-to-wake turned off.

Calling through Verizon’s network does use up some battery life, though. A 10 -minute phone call took around 6% of the watch’s battery. If you’re planning on talking on the phone longer than that, consider taking a charger with you.

Battery life is fine, but fetching a charger if you just wanted to make long phone calls.

That warning extends to exercise, extremely. A~ 30 -minute treadmill run took around 5% of the watch’s battery. Expect it to use even more battery than that if you’re exercising outside with a GPS connection.

Fossil’s custom battery modes are a blessing for battery life. Where Google continues to, um, indifference Wear OS’ battery matters on a structure stage, Fossil’s watches allow you to turn on and off certain sensors will vary depending on your practice. Personally, I don’t use Google Pay on my watch, so I have NFC turn out at all times.

fossil gen 5 lte review heart rate sensor close upCredit: Jimmy Westenberg/ Android Authority

I’ll likewise point out performance here -- not because it’s an issue now, but because it could be. So far, the Fossil Gen 5 LTE has raced smoothly; apps open quickly and Google Assistant voice dominates are quick to recognize audio prompts.

I can’t truly say the same thing for the older Fossil Gen 5. Over time, the watch has slowed down a fuzz. It’s not detrimental to the overall know-how, but it is noticeable. Remember, Fossil opted to add LTE to its 1.5 -year-old Gen 5 smartwatch instead of going for the newer Qualcomm Snapdragon Wear 4100 SoC.

For most people, I don’t foresee that being a problem. But for those of us who know how well the 4100 -powered TicWatch Pro 3 performs, there is a little tech envy going on. Whether you want to invest this much money in an aging chipset will ultimately be your call.

Fossil Gen 5 LTE specs

Fossil Gen 5 LTE

Display1. 28 -inch AMOLED 416 x 416 settlement 328ppi Facets and weightCase: 45 x 13 mm Strap: 22 mm, interchangeable

MaterialsCase: stainless steel Strap: silicone

ColorsBlack, Blush

SoCQualcomm Snapdragon Wear 3100

RAM1GB

Storage8GB

Battery3 10 mAh Magnetic accuse Rapid accusing( 50 instants to 80%)

NFCYes

SensorsAccelerometer Altimeter Ambient ignited Compass Gyroscope Off-body IR PPG heart rate GPS HardwareRotating dwelling button+ 2 additional pushers Speaker Microphone

IP rating3ATM

ConnectivityBluetooth 4.2 LE Cellular NFC Wi-Fi CompatibilityAndroid 6.0+( omitting Go edition) Cell busines: Verizon Verizon Number Share is required to activate busines on Fossil Gen 5 LTE

Fossil Gen 5 LTE review: Price and race

The Fossil Gen 5 LTE is only available in the United Mood through Verizon, though you can also purchase it outright from Fossil.com. The watch expenses $349 full retail or $14.54/ month for 24 months through Verizon. Remember, you’ll also need an LTE connection for your watch, which means you’ll offer an extra fee every month on your Verizon bill.

Fossil Gen 5 LTE

A great Wear OS watch , now with LTE

The Fossil Gen 5 LTE makes one of our favorite Wear OS smartwatches and lends cellular connectivity. If you're an Android user on Verizon, you'll want to check this watch out.

$349 at Verizon

$349 at Fossil

The Fossil Gen 5 LTE’s main competitor in the US is the Samsung Galaxy Watch 3 with LTE. It’s expensive, but we’re large-hearted supporters of Samsung’s latest flagship smartwatch. This watch is also compatible with Verizon, AT& T, and T-Mobile networks.

Since iOS users can’t use the brand-new Fossil smartwatch anyway, their best option is the stellar Apple Watch Series 6 with LTE.

Fossil Gen 5 LTE review: The conclusion

If you asked me when the Fossil Gen 5 LTE was announced if I make I’d recommend it, I likely would’ve said no. It’s an expensive smartwatch that’s running on older equipment, employing an operating system that rarely receives decent software updates. Yet, I’ve enjoyed my time with the Fossil Gen 5 LTE. It’s a good smartwatch that works well.

There are some variables that you are able to seriously consider before removing $350, though. Are you okay with the state of Wear OS? Are you fine with to purchase a new watch that’s running older hardware? And above all else, are you an Android user and a Verizon customer? If you reacted yes to all those questions, the Fossil Gen 5 LTE might be a good alternative for you. For everyone else, be sure to check out the Samsung Galaxy Watch 3.

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