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Energy Post

The best thinkers on energy

Outlook USA: even with battery costs, Wind and Solar can undercut Coal and Gas by 2023-24

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IEEFA has published its U.S. Power Sector Outlook 2021. Its authors, Dennis Wamsted, Seth Feaster and David Schlissel summarise and explain the projections. They say that coal and gas are set to become the biggest losers as renewable generation climbs quickly. The future for wind and solar – coupled with storage to address intermittency - is looking very good. They present estimates from NextEra (the largest renewable energy developer in the … [Read more...]

China: decoupling GDP growth from rising emissions

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To set up this week’s important online event (Tuesday 13th & Wednesday 14th April) “China: Carbon Neutral by 2060 -EFFICIENCY FIRST” we have an overview of China’s energy transition. Everyone agrees its performance is critical for the world to achieve the global goal of limiting warming to 1.5C by 2050. China made significant progress in 2020 with policy frameworks, renewable capacity additions and EVs, but it also added 38 GW of new … [Read more...]

New net-zero pledges from China, US, EU and others can meet our climate goals, says UNEP. But…

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Existing national commitments imply that today’s emissions will simply plateau, remaining only slightly below 2019 levels by 2030. However, according to the latest UN Environment Programme (UNEP) emissions gap report, the new commitments from China, the EU, Japan, South Korea, the UK, Joe Biden’s US and others are “broadly consistent” with the Paris Agreement’s 1.5C goal for 2050. But commitments aren’t policy, warns UNEP, and only real change … [Read more...]

The IEA’s World Energy Outlook 2020 at a glance

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This month the IEA published its annual flagship World Energy Outlook (WEO). Simon Göss at Energy Brainpool picks out his highlights. This year’s WEO has four scenarios, two of them new: an updated “Stated Policies Scenario” (STEPS: what governments have promised), the new “Delayed Recovery Scenario” (DRS: due to Covid), an updated “Sustainable Development Scenario” (SDS: what’s needed to meet the Paris targets), and the new “Net Zero Emissions … [Read more...]

Are 1.5°C scenarios supplanting “Business As Usual” as the new benchmark?

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The world energy outlooks published annually by the IEA, BP and DNV GL look very different this year. 1.5°C scenarios are being taken much more seriously. Could it be because of the trauma of Covid-19, or the extraordinary – though still insufficient – success of renewables coupled with the rising ambition of climate-aware governments and their policies? Either way, they are helping to shift the debate away from the mainstream “business as usual” … [Read more...]

World Energy Outlook 2020: IEA responds to some difficult questions

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The IEA has issued an FAQ to try to answer some persistent questions and criticisms about their annual World Energy Outlooks (WEO). How come the growth of solar and wind have been consistently underestimated? When is “peak oil” going to happen? Will the IEA’s Sustainable Development Scenario limit the global temperature rise to 1.5 °C this century? Is it realistic? Why has a “Net Zero Emissions by 2050” (NZE2050) pathway been added this year? Do … [Read more...]

Net Zero by 2050 technically and economically achievable, says Energy Transitions Commission report

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Making Mission Possible, the latest report by the Energy Transitions Commission, describes a net-zero world by mid-century as technically and economically possible. The solutions are already available or close to being brought to market. What is still missing is the will to embrace, rapidly and at scale, the inevitable disruption that will ultimately deliver net-zero emissions, lower air pollution, cheaper energy bills, create new jobs and raise … [Read more...]

BP Outlook 2020: “peak oil” has already happened

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BP’s latest Outlook predicts – for the first time - that oil saw its peak in 2019. In each of BP’s Outlooks, published annually since 2011, they have revised their predictions for the global energy landscape to 2050 as new data comes in. The growth of clean energy and the changing shape of climate policies have seen each successive forecast increase the share of renewables at the expense of fossil fuels. This year even gas has seen its prospects … [Read more...]

BP’s world energy review: 2019 saw clean electricity match coal

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Simon Evans at Carbon Brief summarises BP’s 69th edition of its influential annual statistical review of world energy, looking at 2019. Overall, total energy demand rose, though slower than usual. Renewables were the largest source of new energy, but were closely followed by oil and gas. Coal use dropped again, the fourth drop in six years, thanks to historic declines in the EU and the US. But continued growth in SE Asia, China and India leaves … [Read more...]

The PAC Scenario: net-zero by 2040 to meet Europe’s Paris goals

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The EU is not on track to meet its Paris Agreement obligations on emissions and limiting the global temperature rise to 1.5°C. CAN Europe and the European Environmental Bureau (EEB) present their Paris Agreement Compatible (PAC) scenario, designed to do just that. It’s been created through the careful analysis of contributions from more than 150 stakeholders including NGOs, scientists, industry and grid operators. Jörg Mühlenhoff at CAN Europe … [Read more...]

IRENA’s Global Renewables Outlook and how Europe can lead the way

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If the coronavirus slump has knocked everything off track IRENA’s first ever Global Renewables Outlook is a timely reminder of what that track should look like. It can help policymakers design stimuli packages that will get us back onto it, and even accelerate the transition. IRENA’s Gayathri Prakash, Nicholas Wagner and Ricardo Gorini run through the comprehensive report’s main recommendations. Annual investment, shares and GW targets to 2030 … [Read more...]

An independent Global Energy Forecast to 2050 v the IEA’s WEO 2019

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Schalk Cloete has completed his own 5-part independent Global Energy Forecast to 2050 to compare with this year’s IEA World Energy Outlook, published mid-November. Underpinning all his predictions is his bet that the world will adopt tech-neutral policies (i.e. not backing any one technology over another, like a very high carbon tax) in 2030: in his opinion it will be the best way to accelerate the transition to meet the Paris goals as the 1.5°C … [Read more...]

IEA’s WEO 2019 scenarios won’t hit the Paris targets, again. It must start telling us what will

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As always, the energy world is abuzz with reactions to the IEA’s annual World Energy Outlook, published yesterday. As always, it’s getting plenty of criticism from those who say it lacks ambition, and in doing so will again get quoted to justify support for continued reliance on fossil fuels, explains Kelly Trout at Oil Change International. The IEA’s most ambitious pathway, the Sustainable Development Scenario (SDS), gives a 66% chance of … [Read more...]

EU energy sector set for crucial state aid decisions in 2019

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2018 was a watershed year for state aid regulations in the EU energy sector. A number of landmark rulings by the European Commission towards different member states have challenged the legality of various state aid measures and prompted governments to reconsider mechanisms for supporting domestic energy sectors. In particular, early-stage capacity mechanism procedures for many member states have been scrutinised, albeit favourably, and … [Read more...]