As a region the EU is a transition leader. Its primary energy consumption increased by only 0.2% in 2018 (globally it rose by 2.6%) and its CO2 emissions dropped by 1.7% (globally, up 1.7%). But the EUâs move towards greater âsubsidiarityâ and devolution of power, to counterbalance too much centralisation, has made it harder for the EU to act quickly and act big, says Lucien Chabason, Senior Advisor at the IDDRI. One example: how easily can … [Read more...]
1.5°C: IEAâs scenarios will fail, need urgent review says letter from experts, business leaders
The letterâs signatories â experts, business leaders, politicians and more - call on the IEA to make the 1.5°C target the central scenario in its highly influential annual World Energy Outlook. At present, its âNew Policies Scenarioâ puts us on track for between 2.7°C and 3.3°C. That's a problem, because too many energy decision-makers cite it as an acceptable guide, making it a self-fulfilling prophecy. Even the âSustainable Development … [Read more...]
Global âsectoralâ treaties, legally binding corporate targets can turn around emissions rise
The United Nations Framework Convention on Climate Change started with a top-down legally binding Kyoto Protocol and ended up with a bottom-up âself-determinedâ voluntary Paris Agreement, says Chandra Bhushan. As a result, nobody has the tools to drive global collective action to combat climate change. The author says thatâs why emissions are at record levels. He recommends international âsectoralâ treaties to achieve real transition in energy, … [Read more...]
NECPs â Analysis: EU ideals coming up against political realities
The European Union is trying to maintain its leadership on climate change with its Clean Energy for All Europeans package, which aims to make the EU climate neutral by 2050. The mechanism for achieving this target is member statesâ National Energy and Climate Plans (NECPs). Mike Scott considers the plans, how Germany is moving towards an "Eastern European" energy policy and how the upcoming elections could dilute EU climate policy overall... … [Read more...]
Whatâs next for the geopolitics of energy transformation?
Januaryâs IRENA report âA New Worldâ has kick-started the debate on how the accelerating deployment of renewables will affect and alter the global distribution of political and economic power. Jan Frederik Braun and Daniel Scholten review its findings and build on the list of issues that must be faced. For example, although the IRENA report focuses on electrification the authors say power-to-gas is likely to play a major role, and we must face up … [Read more...]
âEnergy Charter Treaty review should end protection for fossil fuelsâ
In her previous article Sarah Keay-Bright said the outdated Energy Charter Treaty protects old world fossil fuel investments over the wide range of new green investments now being made. The treaty is being reviewed by its signatories this year. In a concluding article, she and Steivan Defilla warn that the terms of reference for the ECT review donât even mention the need to align the treaty with the Paris Agreement. They say the revised ECT must … [Read more...]
European Commissionâs decision to approve Polandâs capacity mechanism challenged
Electricity generators can pitch for awards from governments operating capacity markets. Capacity markets establish a price (at auctions) for back-up power which may, or may not, be needed. Either way, the operator of the power plant gets paid for guaranteeing security of supply to the grid. Last year, the European Commission approved the Polish capacity market and, according to CAN Europe, in its first auction the Polish government awarded 22,4 … [Read more...]
IEEFA: IEAâs Sustainable Development Scenario is not enough
The IEAâs Sustainable Development Scenario (SDS) â if itâs followed - sees the world limiting the temperature rise to below 2°C. Even if we stick to the plan the SDS gives us only a 50% chance of success. Tim Buckley at IEEFA says those odds are not good enough. Worse, the SDS depends on carbon capture and storage (CCS) achieving commercialisation at scale by 2030. The author explains why he thinks thatâs unrealistic, and calls for the IEA to … [Read more...]
EU election risk: policymakers should go for real decarbonisation now while efficiency savings can help
With elections in May, the balance of opinion in Parliament is a climate policy risk factor on the minds of many in Brussels. The national draft 10-year energy plans, just in to the Commission, project widespread growth in costlier renewables. But populists who see climate as a globalist rather than nationalist-first agenda may prove hard to bring on side with an expensive and disruptive transition. The public will be influenced by climate … [Read more...]
Climate Auctions can reduce emissions and accelerate regulatory, financial and infrastructure goals
Auctions for delivering an amount of power at a defined price are already well established for renewables. âClimate Auctionsâ do the same with carbon emissions: a carbon price is guaranteed to the winning bidder, but only paid on delivery of the emissions cut. Tyeler Matsuo and Julia Meisel at Rocky Mountain Institute say this is proving particularly useful in emerging and developing countries where progress in building up their climate laws is … [Read more...]
âOutdated Energy Charter Treaty leaves new economy investments unprotectedâ
This year the Energy Charter Treaty (ECT) is being reviewed by its signatories. Itâs the most invoked international investment agreement in the world, and it needs either to be reformed or abandoned, says Sarah Keay-Bright. Created at the end of the cold war, it was designed to protect international energy investments â in a fossil fuel world - from political risk. Today, its wording and mechanisms are failing to protect investors that are vital … [Read more...]
Green New Deal can learn from Obamaâs $90bn clean energy plan of 2009
The âGreen New Dealâ proposal is a 10-year plan to curb climate change by shifting the U.S. economy away from fossil fuels. Will it work? Yes (with caveats) if itâs anything like President Obamaâs 2009 American Recovery and Reinvestment Act: it invested $90bn to promote clean energy as part of an economic stimulus plan to recover from the bank crash. That's the view of Joseph Aldy, Associate Professor of Public Policy at Harvard Kennedy School, … [Read more...]
Majority of EU countries unable to keep citizens warm this winter
Press releases this week from Friends of the Earth Europe and the European Greens highlight energy poverty levels on our doorstep in Europe. This followed the publication of new research on OpenEXP. It reminds you of the vital benefits of maximising energy efficiency - getting the same for less energy or getting more from the same. Amory Lovins (Rocky Mountain Institute) called upon us to "Imagine being able to save half the electricity for free … [Read more...]
Russia to consider ratification of Paris Agreement
In Russia a report on formally joining the climate deal is due for completion by the end of the month. Russia has signed the Paris Agreement but not ratified it, and is the largest GHG emitter of the 13 nations not to have done so. To help change the mindset a key industry lobby has reversed its opposition. They join supporters who warn that non-ratification can now undermine international trade deals, and fossil fuels are inefficient and costly. … [Read more...]
Driving energy efficiency investment beyond 2020
With rising GDP, the European Union is once again at risk of missing the 2020 targets for energy efficiency, and yet more ambitious targets for 2030 lie ahead. Regulation, especially for energy efficiency in buildings, is already driving demand, according to the European Investment Bank, with commercial banks acting as aggregators. Peter Sweatman, rapporteur of the Energy Efficiency Financial Institutions Group is optimistic on the future … [Read more...]
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