The Trans-Atlantic Trade and Investment Partnership (TTIP) currently being negotiated between the European Union and the United States may deliver significant benefits not just in terms of greater economic competitiveness, but also as regards energy security and even environmental sustainability, writes Carlo Stagnaro, senior fellow at the Italian think tank Istituto Bruno Leoni and advisor to Italy’s Minister for Economic Development. According … [Read more...]
NGO’s call for reform of Energy Community, Energy Community calls for reform by its members
A group of leading NGOs active in the Balkan region are calling for urgent reform of the Energy Community Treaty, as its Ministerial Council prepares to meet in Kiev on September 23rd . The groups are calling for both the expansion of the environmental and climate component of the Treaty and measures to ensure that existing obligations are better enforced. “Energy Community Treaty reform is a once in a decade opportunity to garner support for … [Read more...]
King Coal dethroned: future looks black
New research by the Carbon Tracker Initiative (CTI), the London-based NGO that invented the concept of “stranded assets” (aka the “carbon bubble”), claims that “the tide is turning against coal exporters”. After taking on the oil and gas industry, CTI has for the first time calculated the risks faced by the coal sector from slowing demand in combination with climate change policies. It concludes that most new coal mines will not be economic. … [Read more...]
World’s leading institutional investors call for carbon pricing, ambitious global climate deal
Days before UN Secretary-General Ban Ki-moon convenes the Climate Summit at the United Nations to spur climate action and facilitate a global climate agreement in 2015, nearly 350 global institutional investors representing over $24 trillion in assets have called on government leaders to provide stable, reliable and economically meaningful carbon pricing that helps redirect investment commensurate with the scale of the climate change challenge, … [Read more...]
The new face of nuclear energy
The United Arab Emirates will be the first of the Gulf Co-operation Council nations to develop nuclear power – and only the second in the Middle East after Iran. In this exclusive interview, the CEO of the Emirates Nuclear Energy Corporation (ENEC), Mohamed Al Hammadi, explains why the UAE has chosen to develop nuclear energy, why he is confident the new reactors will come on stream on time and within budget, and why the nation sees itself as a … [Read more...]
VIDEO: “Three commissioners will replace GĂĽnther Oettinger”
For ViEUws.eu's Hughes Belin discusses the implications of the new Juncker Commission. He concludes that three commissioners will replace Energy Commmissioner GĂĽnther Oettinger and expects that climate and energy deals "will be done behind the closed doors of a single cabinet". No wonder, says Belin, NGO's and MEPs have voiced concerns. … [Read more...]
NEC and RSE in Italy show how renewable energy producers can make money by helping to balance the grid
NEC Italia SpA, which calls itself “the smart energy competence center for Europe and the Middle East”, and Ricerca Sistema Energetico SpA (RSE), a specialist in electro-energy research, will on 18 September release details of a new study showing how variable renewable energy sources can actually help balance the grid (rather than upset its balance). In this way, producers of renewable energy will be able to offer additional services to grid … [Read more...]
A modest proposal on South Stream – for the EU’s new VP Energy Union
Ambassador Peter Poptchev offers an ingenious compromise on the stalled South Stream project: let Russia build half of it, to be filled with only new gas. The European Commission's new Vice-President for Energy Union could make this work - if she has a convincing strategy for South East Europe. (Plus: an overview of all stakeholder positions on South Stream.) … [Read more...]
Finns want Russian-built nuclear plant 60% Finnish owned, reject fourth Olkiluoto reactor
Finnish Minister of Economic Affairs Jan Vapaavuori said today he supports the construction of the new Fennovoima nuclear power plant by Russian Rosatom, provided at least 60% will be Finnish owned. At the same time, the Minister does not support a new deadline for a 4th nuclear reactor at Olkiluoto. The 3rd reactor, now being built by French Areva, has been plagued by delays and cost overruns. … [Read more...]
The shale revolution comes to Argentina
Argentina may have greater shale reserves than the United States – and now that investors like George Soros are pouring their money into the Argentinian oil and gas sector, we may expect to see a second shale revolution after the American one, writes James Stafford of Oilprice.com. … [Read more...]
Zero energy at zero cost: industrialising the building sector
The Netherlands has found a way to refurbish existing buildings to net zero energy, within a week, with a 30-year builders’ guarantee and no subsidies. With new kitchen and bathroom! Now revolutionary renovation programme Energiesprong (literally: Energy Jump) is looking to take its learnings to France and the UK. … [Read more...]
Team Juncker: EU unveils new Energy Commissioner(s)
Slovenia’s ex-Prime Minister Alenka Bratušek and Spanish ex-minister Miguel Arias Cañete have been nominated to lead EU energy policy in a new European Commission due to take office on 1 November. Incoming Commission President Jean-Claude Juncker announced Bratušek as Vice President for Energy Union and Cañete as Commissioner for Climate Action and Energy – yes the two portfolios are being merged – on 10 September in Brussels. Cañete is expected … [Read more...]
China changes course: wind surges, coal stalls
The Chinese wind energy sector is growing at tremendously. China is expected to exceed its 2015 target of 100GW wind capacity by 30%, reports Tim Buckley, Director Energy Finance Studies Australasia at the Institute for Energy Economics and Financial Analysis (IEEFA) for Reneweconomy. At the same time, China is rapidly diversifying away from coal, towards more nuclear, renewables and hydropower. The implications for global energy markets are … [Read more...]
IEA: two-thirds of energy efficiency potential unrealised
The benefits of energy efficiency go well beyond the simple scaling back of energy demand, according to a new report, Capturing the Multiple Benefits of Energy Efficiency, from the International Energy Agency published on 9 Sepember. In a study that reframes the discussion about the so-called “hidden fuel”, the IEA shows how energy efficiency has the potential to support economic growth, enhance social development, advance environmental … [Read more...]
Why not follow the Swiss Energiewende?
While Germany rushes ahead with its nuclear phase-out and France dithers, Switzerland is following a third way away from nuclear and towards renewables. The Swiss version of the Atomausstieg/Energiewende is slow but steady, with concern for economic as well as environmental consequences. Bern’s policy offers important lessons to Paris, Berlin and others – all the more so because Switzerland is one of the most nuclear-dependent countries in the … [Read more...]
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