Policies

How not to squander $130 trillion – a proposal to put carbon money in wealth funds

carbon pricing (photo The New Economy Magazine)

The proceeds from carbon pricing should be used to establish wealth funds from which current and future citizens can benefit, proposes energy and climate change economist Adam Whitmore. As all people have equal rights to the atmosphere, all should benefit from the use of this unique resource. … [Read more...]

Exclusive – Klaus Shäfer, CEO Uniper: “Security of supply is too important to leave to the market”

Klaus Schäfer-slider

The market on its own cannot be relied upon to deliver secure electricity and gas supplies, says Klaus Schäfer, CEO of Eon-spin-off Uniper, in an exclusive interview with Energy Post. According to Schäfer, it will become “dramatically more difficult” to balance the power market as the share of renewables increases. He also sees the gas market becoming “more and more complex” and argues policymakers should establish minimum requirements for gas … [Read more...]

Donald Trump’s China First, Russia Second, America Third foreign policy

Chinese President Xi Jinping at Davos photo World Economic Forum

By letting his foreign policy be governed by a simplistic “America First” principle, Donald Trump is achieving the exact opposite of what he intends. His way of putting America First, is enabling China and Russia to position themselves as the paramount nations on the world stage, writes energy and foreign policy specialist Michael Klare. Courtesy of Tomdispatch. … [Read more...]

Can UK power market reform replace the capacity market?

National Grid helicopter inspecting power lines

The UK has just completed another auction for a large amount of backup power capacity. The country’s capacity market scheme will cost ratepayers many billions of pounds. Independent consultant Gerard Wynn wonders if they are really necessary. … [Read more...]

New President, new electric grid?

electric wires in San Francisco (photo Jon Pekelnicky)

As the new Trump administration considers measures to enhance roads and bridges, they should also focus on America’s ageing electricity infrastructure, writes Dick Munson of the Environmental Defense Fund (EDF). The U.S. electricity system is shockingly unreliable compared to every other developed nation, notes Munson, and the regulation of the industry is “byzantine”. By focusing on investment, efficiency, and markets, the U.S. could have a … [Read more...]

Can emissions trading produce adequate carbon prices? That’s the question

Emission trading: not taking off

Prices under emissions trading schemes have been low, unlike some carbon taxes. This undermines confidence in this key climate instrument, writes energy and climate change economist Adam Whitmore. The EU should take the lead in demonstrating that emissions trading can work, or climate change efforts will suffer. … [Read more...]

Trump administration needs to be watched closely

deny trump not climate-slider

The first actions of the new Trump administration raise grave concerns, both with regard to their energy policies and their policies in general, writes Allan R. Hoffman, author of the blog Thoughts of a Lapsed Physicist and formerly with the U.S. Department of Energy. We need to be vigilant to safeguard our democratic system. … [Read more...]