The work Christmas eCard with a 2012 year in review twist via bit.ly/HanoverXmas
Glowing in the mist
When confronted by icy cold temperatures and thick fog, most people would turn their collars up and head home as soon as possible. I decided it was a good moment to stop and take a snap or two.
I’ve been really concentrating on light recently and the warm glow of the street lights cutting through the mist really inspired me.
Of this set, I think my favourite image is the one where the lights cuts diagonally across the image. I’ve dubbed it ‘Sliced by light’. It’s the featured image in the gallery below.
As an aside, if anyone has feedback on the gallery style I’ve used for this post, I’d love to hear it. Please do comment or drop me a note on twitter.
From Instagram to Printstagram
I love printed photos. There’s something about holding a photo, framing it and putting it up on a wall that is satisfying. It provides a different experience to viewing a picture on a screen.
Above all, a printed photo is final. There’s no more editing, retouching or cropping to be done. You have what you have.
I also love Instagram. I love its simplicity, its beautiful filters and its square proportions that force you to crop images and think about layout.
Some of the images I’ve created using my iPhone and Instagram are priceless to me. They’re memories that only exist electronically and I’ve longed to print and frame them. Well, thanks to Metro Print, I can.
The geniuses there have played and tested and have developed a wonderful Instagram printing service that I’ve clunkily dubbed Printstagram.
They take your beautiful Instagram images and print them in lovely 5×5 squares. I collected my first order today and the results are brilliant.
http://instagram.com/p/SkuHXHS7U6/
If, like me, you love printed photos and Instagram, I think you’ll love this Metro Print service.
*as an aside, this post has been typed on my iPhone using the WordPress app. Like Instagram it’s a real testament to how much we can now do using our phones.
The age of muscular regulation
At $4.5bn BP’s fine for the Deepwater Horizon disaster is huge but unsurprising; the company had set aside a larger sum for this liability. The fine’s magnitude may, however, shift our focus from some recent developments that show the increasing boldness of regulators across all industries.
I’ve written before about the more muscular approach taken by regulators since the crash of 2007 and that trend has continued. Recent examples include the fines and continued investigations around Libor manipulation, this week’s launch of probes into alleged rigging of the UK gas market, and JP Morgan’s six-month ban from trading electricity in the US.
The change in regulation hasn’t just been seen in the actions of regulators. There is a new boldness in the comments they are willing to make to, and about, the industries they regulate. Last month, Andrew Haldane, an executive director at the Bank of England, spoke of morality and of “deep and rising inequality” when he addressed a gathering of the Occupy movement in London. Such comments would be almost unthinkable for a central banker only a few years ago. Similarly, this week, in a move that closely reflects the current political and public zeitgeist, the Financial Services Authority (FSA) told banks that it expects them to show bonus restraint this year.
This newfound boldness among regulators is not manifesting itself solely in the form of pressuring, pounding and punishing industry. The FSA, which on the one hand is warning banks about bonuses, investigating alleged market fixing and cracking the whip over PPI, is also easing capital and liquidity rules for the UK’s largest banks in an effort to boost lending. This move falls under the banner of macroprudential regulation, which is the current big thing among global regulators. The idea is appealing: regulators adjust how they manage an industry with the aim of providing benefits for the wider economy.
All these examples point to the dawn of a new age of muscular regulation, where industries find themselves increasingly challenged and guided by regulators. This is a big change from the light-touch regulation of previous years. Although the impact of this new era is hard to predict, there is a danger that as regulators become emboldened in using their powers, they may find themselves under pressure to respond to political and public opinion. It is a pressure regulators must resist if they are to strike the right balance between intervening to ensure a market is working efficiently without manipulating it for short-term, populist reasons.
This article originally appeared here on the Huffington Post.
Can gas ever be green?
A lot has been made of George Osborne’s support for shale gas and his opposition to renewables. Central to the narrative is the idea that he is stopping the development of low-carbon energy because he doesn’t want to burden consumers and businesses with higher energy prices. However, there is an argument that gas is central in the UK’s transition to a low-carbon economy.
Coal-fired power stations emit twice as much CO2 than gas fired ones. Simply put, coal is far more polluting than gas. If all coal-fired energy was switched to gas tomorrow, there would be a notable and instant reduction in the UK’s CO2 emissions. So, if we’re talking strictly in terms of CO2, and we accept that in the short-term we are unable to switchover to, and rely upon, renewables and nuclear, then gas is essential to taking carbon out of our energy production.
Shale gas does, however, come with its own environmental issues. The process of drilling into the ground and using fluids to drive gas deposits out of rocks will never be as environmentally benign as harvesting electricity from the wind or sun. Reasonable fears include the creation of minor earthquakes and the pollution of the water table with all the environmental destruction that goes with it. Proponents of fracking say that the UK has much higher regulatory standards than the US, where many were shocked by the revelations of flaming taps and poisoned water shown in the film Gasland.
To its credit, Cuadrilla, presently the only fracking company in the UK, has been transparent and worked closely with regulators and civil servants in its endeavours. It stopped work immediately after some earthquakes were felt in Lancashire, cooperated fully with authorities and openly funded independent research to understand the issue fully.
The alternatives to shale gas are not environmentally neutral. Nuclear energy brings with it inherent risks and, although those risks are very low, when failures have occurred they have had harrowing outcomes. Moreover, nuclear is very costly and, in the wake of Fukushima, its costs are increasing.
Renewable energy, generated from the wind, sun and water, also has a complicated environmental impact. Hydropower stations typically require the building of dams which always affect local ecosystems. Newer barrage systems require less reshaping of the landscape, but may also affect local marine habitats. Wind farms, whether onshore or offshore, also have local effects although the extent and nature of these is heavily disputed. Solar panels are probably the most benign source of renewable energy in terms of local impact, however, production of the panels is now heavily China-centric so a lot of carbon is emitted to bring them over to the UK.
Despite strong growth and the subsidies it has received over recent years renewable energy is not, and will not in the short term, in any shape to become a main contributor to the UK’s energy needs. A similar problem exists with nuclear power – creation of the next generation of nuclear power plants in the UK has all but stalled.
The opportunity for gas, sourced from shale rock, is timely. It will not eliminate carbon emissions but can meaningfully reduce them. It won’t require a consumer levy to fund subsidies and it can be sourced in the near term. The harsh reality is that, even when you factor in the environmental risks, fracking could be the best short-term solution for the UK’s energy needs.
We have stalled for too long on nuclear and have not given sufficient support to the development of renewables. Time has been wasted and the impacts of past decisions cannot be changed. The only pragmatic solution to our energy needs is to endorse fracking in the short-term, while simultaneously removing the obstacles and uncertainty that hinder renewables and nuclear. Natural gas may not provide the green energy of the future, but it can provide the green energy of today.This article originally appeared here on the Huffington Post.