financing

How nuclear safety undermines nuclear economics

Fukushima disaster (photo Fukushima watch)

Failed EPR and AP1000 reactor projects have brought giant energy companies to their knees, and even pro-nuclear lobbyists now acknowledge that the industry is in crisis. Jim Green, editor of the Nuclear Monitor newsletter, takes stock of the crisis in the global nuclear sector and concludes that the industry's likely response, a retreat from post-Fukushima efforts to strengthen safety standards, risks making a bad situation worse. … [Read more...]

Energy Union should shift focus from energy to climate

Maroš Šefčovič VP Energy Union visits Living Tomorrow innovation hub in Vilvoorde, Belgium (photo Europe by Satellite)

The EU is trying to improve its energy security by building more infrastructure to facilitate gas imports, but the concentration of its gas suppliers keeps increasing, write Stefan Bößner and Douglas Fraser of the Stockholm Environment Institute. According to Bößner and Fraser, it makes more sense to shift the focus of EU energy policy to creating a low-carbon energy system. That will not only help Europe meet its climate targets, but also … [Read more...]

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...]

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...]

Carbon Tracker: no growth for oil and coal from 2020, gas can flip-flop

carbon bubble protest (photo Susan Melkisethlan)

Falling costs of electric vehicle and solar technology could halt growth in global demand for oil and coal from 2020, finds a new report co-authored by the Grantham Institute at Imperial College London and the Carbon Tracker Initiative launched on Thursday. The future of natural gas is highly uncertain in this new scenario analysis. … [Read more...]

The next EV revolution: think trucks and buses

Proterra catalyst bus

Most of the talk around electric vehicles centres round Tesla’s, Chevy Bolts and other passenger cars. But the financial and environmental case for the electrification of big vehicles, such as buses and garbage trucks, is actually much more compelling than for small cars, writes Chris Denny Brown. According to Brown, founder of job site Cleantekker, this is where the electric transport revolution should have begun. … [Read more...]

BP’s Energy Outlook: between forecasting and advocacy

BP views the future (photo BP)

BP’s new Energy Outlook predicts ever-growing demand for oil and gas, and rising emissions that would take the world well beyond 2°C of warming. According to Greg Muttitt, Senior Advisor at NGO Oil Change International, previous Outlooks do not provide much confidence in BP’s projections, but it clearly helps BP if decision-makers believe that’s what the future holds. It looks like the forecasting value of BP’s Outlook is undermined by its use as … [Read more...]