Natural gas can help safeguard the planet: it can become the worldâs major energy source, be a factor for peace and help save the climate, says JĂ©rĂŽme Ferrier, President of the International Gas Union (IGU) and the French Gas Association in an interview with Energy Post. But, he adds, to enable gas to fulfill these roles, policymakers will have to make a clear choice in favour of gas over oil and coal. âThey have to discriminate!â … [Read more...]
Archives for May 2015
Worldâs largest investment fund from Norway set to divest from coal
The Finance Committee of the Norwegian Parliament has issued a unanimous recommendation to divest the countryâs sovereign wealth fund from the coal industry. The Norwegian Government Pension Fund Global (NGPFG) is the worldâs largest sovereign wealth fund and one of the top ten investors in the global coal industry. Environmental organisations are elated. They expect that many billions of euros will be withdrawn from the coal sector. … [Read more...]
The Norwegian way: what Poland and others can learn to develop their shale gas
The shale gas hopes of Poland and other countries in Eastern Europe have crumbled now that foreign investors have departed. An important reason for this failure is an inadequate political framework, write Lidia Puka and Aleksandra Gawlikowska-Fyk of the Polish Institute of International Affairs (PISM) and Ole Gunnar Austvik of the Norwegian Institute of International Affairs. They argue that these countries could learn from the Norwegian model, … [Read more...]
Interview Radu Dudau, Energy Policy Group: âWe are in urgent need of a new energy strategyâ
The Romanian energy sector is at a watershed, says Radu Dudau, Director of the Bucharest-based Energy Policy Group, in an interview with Energy Post. âWe are in urgent need of a new energy strategy. We need to decide what to do with our energy sector.â At the same time, says Dudau, the EU needs to get involved to coordinate regional energy matters in Central and Eastern Europe: âThis is a region with no encouraging history of cooperationâ But … [Read more...]
Energy subsidies probe is the kind of competition policy the EU needs
Capacity problems can best be tackled by letting prices fluctuate and making energy providers responsible for intermittent supply. To the extent that support schemes are used, they should be technology-neutral and driven by market forces to ensure efficiency, argues Diego Zuluaga, Deputy Director of the Epicenter (European Policy Information Center), a coalition of six free-market think tanks in Europe. For this reason, writes Zuluaga, the sector … [Read more...]
The IMF just destroyed the main argument against clean energy
A new report by the International Monetary Fund (IMF) finds that energy (fossil fuel) subsidies are âbig and risingâ. At the presentation of the report, Vitor Gaspar, Director Fiscal Affairs Department at the IMF, noted that most subsidies go to coal and said the numbers were âshockingâ. He added that âeliminating energy subsidies can generate substantial environmental, fiscal and welfare benefitsâ. Elias Hinckley, strategic adviser at the US law … [Read more...]
Why Shell can’t quit the Arctic
Despite the damage to its reputation, Shell insists on continuing its controversial Arctic campaign. The company says that the world needs the oil and gas resources of the Arctic. But according to Energy Postâs editor-in-chief Karel Beckman, itâs really Shell itself that needs those resources. … [Read more...]
viEUws VIDEO: Brussels Briefing on Energy â All you need to know for May & June
In this Brussels Briefing on Energy for viEUws.eu, journalist Hughes Belin provides an overview of the latest EU energy policy developments, including the competition investigation into capacity markets and the meeting of the G7 energy ministers in Hamburg. He also looks ahead to the agenda for June. … [Read more...]
“Nuon has no vision of the future of the energy system”
In this instalment of the Power Talk series written by Ph. D. researcher Hendrik Steringa, a staff member who worked for Nuon, the Dutch subsidiary of Vattenfall, tells about the struggle inside the company to develop new business models. "To come up with new business models in sustainable energy is not so difficult. But to come up with financially attractive models is a lot more difficult." … [Read more...]
EU climate policy: time to come down to earth
For many years, the EU pursued the strategy of âleading by exampleâ in international climate negotiations. However, since the Copenhagen climate summit, frictions inside the EU and a paradigm shift have become increasingly evident, write Severin Fischer and Oliver Geden of the influential German Institute for International and Security Affairs (SWP). With the October 2014 compromise in the European Council on a new climate framework for 2030, the … [Read more...]
Demand response markets in Europe begin to blossom
Demand response markets are taking off in Europe, writes Jeff St John of the US energy website Greentech Media. For example, Belgian demand response specialist REstore, with more than 1 GW of peak load under management from large industrial customers, is set to expand into the UK and France. Pieter-Jan Mermans of REstore explains his strategy and tells why Germany is such a difficult market. Article courtesy of Greentech Media. … [Read more...]
Hydropowerâs big splash â Word Energy Council projects decades of strong growth
The global hydroelectric power market, which already represents 76% of all renewable global energy, has the potential to double to 2,000GW capacity by 2050 according to a new report from the World Energy Council, âCharting The Upsurge In Hydropower Developmentâ, presented today in Beijing. This doubling could be achieved even earlier, if governments and multilateral banks give help to emerging economies where hydropower resources are … [Read more...]
Investigation into capacity mechanisms: a test case for the Energy Union
The sector inquiry into the use of capacity mechanisms announced by the EUâs Competition Commissioner Magrethe Vestager on 29 April has important implications for the creation of a single market for energy, writes Matthew Duhan, Adviser at the UK-based consultancy Global Counsel. According to Duhan, the willingness of DG Competition to take on Member States in this key area of energy policy will be a crucial test case for the success of the … [Read more...]
Rising sun, sinking influence? Japan’s self-marginalisation from global climate politics
As other countries including the US, China, UK, Germany and Mexico lead on climate action, the lack of effort from the worldâs third largest economy and fifth largest emitter has left Japan isolated in a debate that is increasingly central to trade, investment, security and foreign policy, write Taylor Dimsale, Liz Gallagher and Camilla Born in a new report from the London-based consultancy E3G. The authors explain the reasons behind Japan's … [Read more...]
China can cut out most coal generation by 2050
A new study from the China National Renewable Energy Centre shows that China can rely on renewables for more than 60 percent of its total energy needs, including transportation, by 2050. Electricity could be supplied 85% from renewables and just 7 per cent from coal, writes Bobby Magill of Climate Central. Â But to achieve these targets, China needs to deregulate its electricity markets. … [Read more...]