This reflects the Bank of Canada's projections for sharply lower real GDP growth in 2015, and slight increases in real GDP growth in outer years versus budget forecasts, as
excess capacity from the recession is recovered.
Not exact matches
In EMs, GDP growth has picked up,
from 3.6 % in 3Q16 to 4.4 % in 3Q17, leading to a reduction in
excess capacity and bottoming of inflation.
For instance, GDP in China's northeastern province of Liaoning, which suffers
from rust - belt industries mired in debt and
excess capacity, shrunk 2.5 percent last year.
Instead of working on the demand side, attention has turned to stimulating business through tax cuts, entrepreneurship and innovation while phasing out
excess capacity resulting
from the previous stimulus.
Firm up renewable generation by reconciling the intermittency of power
from these sources and storing
excess capacity to dispatch when it's needed.
From a broader economic standpoint low prices are a requirement to cut supply and reduce
excess capacity across a range of commodities.
In addition the planned fiscal deficit was widened
from 2.3 % to 3 % this year, but it is unlikely that such minor steps can do much to counter the de-leveraging that is needed across the state - owned sectors that dominate China's heavy industries where
excess capacity and accumulating losses are most concentrated.
There is, for example, a growing group of automobile parts companies that import raw materials
from outside the United States, own and operate multiple manufacturing plants that are close to their domestic customers, distribute finished goods through consumer direct channels, selling most of their products upstream for inclusion in final assembly and use
excess manufacturing
capacity to produce specialty export parts for foreign customers.
It is also important to note that at the beginning of the current boom, the unemployment rate was around 6 per cent, suggesting that there was some
excess capacity in the labour market at the outset of the adjustment to the mining investment boom (this is another point of departure
from the theory presented in Section 2, which assumes that the economy is in equilibrium prior to the boom).
Unlike fat or carbohydrate, the human body has limited
capacity to transiently store «
excess» dietary protein
from a single meal to acutely stimulate muscle protein anabolism at a later time.
Excess capacity was brought on by many hard asset firms just as the boom was going bust, thanks to the long lead time to start producing
from a mine or oil well.
This dynamic is evident in Germany, where wholesale power prices are being depressed by must - dispatch, low - marginal cost renewables, but balancing this intermittency is causing retail power prices to rise, both
from increasing FIT commitments, and increasingly with costs like
capacity payments for baseload power stations and curtailment payments for
excess renewables.
A number of scenario analyses forecast tight generation
capacity in the southern regions, where most of the phased - out nuclear power is concentrated, and suggest
excess power
from the north should be rerouted to the south — a recommendation strongly advocated by the Federal Network Agency and ministries involved with the transition.
«The wind is always blowing somewhere» On 124 separate occasions
from November 2008 to December 2010, the total generation
from the windfarms metered by National Grid was less than 20MW (a fraction of the 450MW expected
from a
capacity in
excess of 1600 MW).
The dairies have
excess capacity in their digesters, they take organic waste
from several restaurants and grocery stores in the local community, and is an added benefit of the project.
And newer technologies like large - scale battery storage and production of hydrogen are becoming economic, because they harness cheap power
from excess renewable
capacity.
That's because a working electricity system fueled mostly by wind turbines requires additional massive costs that a fossil fuel system does not: huge
excess capacity (perhaps 300 - 400 %) to deal with conditions of light wind; gigantic batteries to store power for conditions of no wind at all, which can persist for days; extra transmission lines to bring electricity
from windier areas to the rest of the country; and finally, an entire array of fossil fuel back - up plants for those occasions when the wind doesn't blow for a week and the batteries are dead.
The latter part is more original stuff, as I (i) make the case for how China's clean energy push is in fact consistent with its overall economic reform, e.g. Scientific Development, reduction of
excess industrial
capacity, natural resource price reform, western development, boosting domestic consumption, and Going Out strategy; (ii) describe China's activities in innovation and R&D and its desire to create, not just produce, energy technologies of the 21st century; (iii) address criticisms that China's «indigenous innovation» policies are protectionist in nature by pointing out the myopia of such observations
from a US (or EU for that matter) policymakers point of view; (iv) provide thoughts about what the proper U.S. policy response should be.
To get an average of 1500 MW of usable power output
from a wind farm, you have to install
excess capacity.
The biggest markets in the West are shifting away
from coal, and there's not a lot of slack demand for coal power; if anything, there's an
excess of
capacity.
Evaluating whether there exists
excess generating
capacity on electric utility systems,
from both physical and economic points of view
Firm up renewable generation by reconciling the intermittency of power
from these sources and storing
excess capacity to dispatch when it's needed.
As a result, California today has a large amount of
excess electricity generating
capacity without being able to know if much of it will be available
from day to day and week to week.
They an installed
capacity of nearly 100 % of their average demand which means that on windy days 100 % of their electricity comes
from wind turbines but it also means that all their other power generation facilites must shut down on windy days or they must export the
excess power.
So
from back - up and embodied energy considerations alone it seems that the report's conclusions about the amount of
excess capacity, and that total system capital cost, might be less than half the actual figures.
But even if new electrical storage
capacity is added and the electrical grid is improved so
excess electricity
from thousands of rooftop solar arrays can be sent to distant locales in need of power, DeShazo says, he doesn't expect solar — industrial - scale or rooftop — to grow quickly enough to play a dominant role in L.A.'s power mix in his lifetime.
To get a regular enough power supply
from non-hydro renewables will require
excess generation
capacity and energy storage, both expensive.
Many firms continue to suffer
from excess capacity and are often indistinguishable
from each other.
Another recent significant binding arbitration award achieved by Mr. Jacobs involved a claim of permanent injury resulting
from a failed cervical fusion and an earning loss / injury to earning
capacity claim in
excess of the million dollar policy limits.
Amazon's (s amzn) data center guru James Hamilton is pretty clear that he sees no reason for most companies to keep constructing new data centers
from scratch, but if they have a huge compute load and really have to, they should build way more
capacity than they need and sell off the
excess a la Amazon itself.
As a result, Samsung now faces «
excess production
capacity,» also brought about by Android device makers» slow transition
from LCD to OLED.