The newly elected Labour government in the UK is promising to create a state-owned entity, GB Energy, to drive forward its energy transition. Robert Johnston at CGEP explains what it is, and how it could be a model for other nations. Up until now, the policy toolkit of high-income OECD countries has primarily been the use of subsidies, tax credits, government procurement, R&D grants, trade policy and the like. GB Energy will directly invest … [Read more...]
Excessive cross-border accumulation of subsidies can endanger the EU energy transition
EU Member States have inadvertently supported with their own subsidies the renewable energy targets of other Member States, a practice that violates EU internal market rules, explains Kim Talus at UEF Law School. He looks at how Denmark subsidised Danish biomethane producers who exported to Sweden, where Swedish consumers were benefitting from subsidies already. This promoted Danish biomethane producers at the expense of rivals. In December 2022 … [Read more...]
Biden vs Trump: will the economics of Oil sway the U.S. presidential election?
Donald Trump has always backed oil and gas, and U.S. industry giants donated $7.3m to his campaign, three times more than for his 2020 run. Joe Biden has introduced green energy policies and other transition legislation, though he has also overseen an increase in domestic oil production and promised motorists he will keep petrol prices low. Both candidates know that U.S. voters are particularly sensitive to the price of their gasoline, in a land … [Read more...]
World’s biggest plane to carry Offshore-Wind sized blades to “inaccessible” onshore destinations for first time
It looks brilliantly simple. Why are onshore wind turbines smaller than offshore ones? Because you have to move them to their location by road, over bridges, through tunnels and around curves. That limits their size. As Michael Purton, writing for WEF, explains it’s why the company Radia is building the world’s biggest aeroplane called WindRunner (12 times the volume of a Boeing 747), big enough to carry turbine blades over 100m long. And the … [Read more...]
Basic energy access reverses for first time in a decade, after good progress since 2015
After good progress globally since 2015, basic energy access reversed in recent years for the first time in a decade, says the IEA. The 2024 edition of “Tracking SDG 7: The Energy Progress Report” measures progress on “strategic development goals” that include universal access to electricity and clean cooking, doubling historic levels of efficiency improvements, and substantially increasing the share of renewables in the global energy mix. The … [Read more...]
Germany, Italy + 10 others not on track to meet their 2030 climate targets, costing them €billions in carbon credits
12 EU countries are on track to miss their 2030 national climate targets by a large margin, according to a study by T&E. That means they will have to buy carbon credits on such a large scale there will be few left for others to buy their way out of missing their own targets (leaving them facing court cases). Germany and Italy are the two worst performing countries, with France on track by a very close margin. Germany will have to pay … [Read more...]
A global breakdown of how the energy sector is paid for: by governments, private firms, households
What are the sources of investment and sources of finance in the energy sector? Cecilia Tam, Paul Grimal, Jeanne-Marie Hays and Haneul Kim at the IEA summarise insights extracted from the IEA’s latest flagship World Energy Investment report which this year has dug much deeper into the subject. They look at the capital structure (debt versus equity) of energy investments in assets and companies. They look at the entities making the investments, … [Read more...]
UCO (Used Cooking Oil) for biofuels: how much is fraudulently imported virgin vegetable oil?
UCO (Used Cooking Oil) is a feedstock for biofuels. In 2023, European countries consumed close to seven million tonnes of UCO for biofuels. This is four times the continent’s maximum potential for supplying it domestically, so the rest comes from imports, mostly from China, Malaysia and Indonesia. The vast majority is blended for biodiesel to use in cars and trucks. UCO accounted for one third of conventional biodiesel feedstocks and a quarter of … [Read more...]
Superconducting overhead Transmission Lines that deliver 400MW (and targeting several GW)
How do you double or triple your existing power transmission capacity when costs are rising and you face local opposition to the disruption? Zach Winn at MIT describes a new innovation that uses superconductors designed to transport five to 10 times the amount of power of conventional transmission lines, using essentially the same footprint and voltage level, carried on otherwise standard overhead lines. The superconducting cables (with much of … [Read more...]
Private sector must jump start Lithium-ion Battery Recycling, as first wave of EVs now near end of life
The recycling of lithium-ion batteries is vitally important to the future of electric power, explains Gregg Smith at Orbia Advance, writing for WEF. Making a battery has a significant carbon footprint of its own. Yet recycling can be one tenth the cost of manufacturing a battery from scratch. And energy security is enhanced by lessening dependence on mining countries and other suppliers. It’s why Europe will require new batteries to contain at … [Read more...]
Carbon Pricing annual receipts are almost $100bn globally and rising
About one-quarter of global emissions are, to varying degrees, covered by carbon pricing schemes. They’ve raised over $500bn from polluters to date. Andrew Reid at NorthStone Advisers, writing for IEEFA, summarises his report which says the annual amount raised, now almost $100bn, is set to increase with two-thirds of nations planning to use carbon pricing in their Nationally Defined Contributions. And the EU’s Carbon Border Adjustment Mechanism … [Read more...]
The Fossil Fuel system wastes 2/3rds of its energy before it gets to you. Inefficiency is driving it out (not just emissions)
Today’s fossil energy system is very inefficient: almost two-thirds of all primary energy is wasted in energy production, transportation, and use, before fossil fuel has done any work or produced any benefit. That’s almost 400 EJ wasted, worth over $4.5tn, or almost 5% of global GDP. Two activities - fossil fuel power plants and internal combustion engines - are responsible for almost half the energy waste globally. Daan Walter, Kingsmill Bond, … [Read more...]
ESG investing: a look at actual performance, constraints, fund flows, regional differences
Inflows into ESG (environmental, social, and governance) funds remain strong, especially in Europe. That’s despite high interest rates and the boost to oil and gas from Russia’s invasion of Ukraine. According to a new report by Ramnath Iyer at IEEFA, in 2023 the performance of ESG funds and exchange-traded funds (ETFs) matched or surpassed that of traditional funds and ETFs. Morningstar figures reveal that sustainable funds had a median return of … [Read more...]
Forecasting the performance of new Solar PV module technologies over 20, 30, and 50 years
Solar PV technology continues to innovate and evolve at a rapid pace. Testing the modules is essential for predicting durability and future performance. But that inevitably means past experience is not a good predictor of the behaviour of the new materials and configurations. Sara Fall and Harrison Dreves at NREL explain how the Durable Module Materials (DuraMAT) Consortium has set up sophisticated testing and data gathering to use the … [Read more...]
Digitalisation of the Energy sector: are Utilities hiring the skilled workers they now need?
Like many other sectors, the energy sector needs employees with digital skills. They need to create the new tools that can match power supply with demand, predict and detect faults in networks, and give greater control to consumers. It’s an essential part of the new world of decarbonisation, with digitalisation enabling the faster integration of renewables, improving grid stability and unlocking greater energy savings. Aloys Nghiem, Marc … [Read more...]
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