In its upcoming World Energy Outlook, the International Energy Agency (IEA) is “once again happily increasing our growth projections of renewable energy”, says Executive Director Fatih Birol in an interview. But a world without fossil fuels is not yet in sight. “There are fossil fuels and fossil fuels. Coal and oil should be discouraged. Natural gas will continue to play an important role in even our most stringent scenarios.” This interview was … [Read more...]
Interview Spencer Dale, BP Group Chief Economist: “The energy transition could come faster than we think”
The energy industry faces uncertainties of daunting magnitude on many levels, says Spencer Dale, BP’s Group Chief Economist, in this exclusive interview: the pace of climate change policy, the growth of renewables, the apparent demise of coal, falling energy prices, the role of natural gas in the energy mix, and the likely impact of energy efficiency on demand growth. According to Dale, “it’s possible that we will see forces leading to a faster … [Read more...]
Interview Francesco Starace, CEO Enel: “We have stopped investing in projects that take more than 2 or 3 years”
“Our aim is to grow the use of electricity as energy vector”. This is how Francesco Starace, CEO of Enel, one of the world’s largest utilities and perhaps the biggest producer of renewable energy in the world, describes the strategic goal of his company. According to Starace, the utility of the future owns and manages a digitised grid that connects up decentralised green energy sources and is at the centre of a whole new system of energy products … [Read more...]
The “new realities for energy”: peak demand, stranded assets
"The world is undergoing a Grand Transition driven by a combination of factors including the fast-paced development of new technologies, an unstoppable digital revolution, global environmental challenges and changing growth and demographic patterns", according to a statement from the World Energy Council, a UN-accredited global energy network with over 3,000 member organisations in over 90 countries. According to the World Energy Council, the … [Read more...]
World Energy Scenarios show: Strong government policies needed to limit climate change
The world will find it difficult to meet the 2°C target set in the Paris Agreement unless it goes down a path of strong enforcement by national governments of international agreements to curb greenhouse gas emissions. That's one of the key conclusions of the World Energy Scenarios 2016 report from the World Energy Council, which looks at how global trends will shape the energy industry over the next 45 years. The report was launched today at the … [Read more...]
The new EON, the new Johannes Teyssen: “The future is state-led renewables, stop dreaming of perfect Energy Union and Emission Trading System”
In one of his first in-depth interviews since the restructuring of EON, CEO Johannes Teyssen sets out a completely new vision of where he sees European energy markets and policies going. The future according to Teyssen is: distribution much more than transmission; state-led renewables auctions and capacity markets, not wholesale energy-only markets; carbon taxes or floor prices, not carbon trading or emission trading; higher energy efficiency … [Read more...]
New data show: China stokes global coal power growth
China cuts coal at home but new data show that Chinese state owned companies and banks drive new coal expansion overseas, despite top level promises of green growth for developing countries, writes Beth Walker for China Dialogue. Article courtesy of China Dialogue. … [Read more...]
The economic and moral bankruptcy of UK energy policy
With its choice for Hinkley Point C - a ÂŁ100 billion boondoggle – its enthusiastic support for expensive and environmentally harmful fracking, and its relentless attack on renewable energy, the UK government’s energy policy is both morally and economically bankrupt, write Peter Strachan, Professor of Energy Policy at the Robert Gordon University, and Alex Russell, Professor and Chair of the Oil Industry Finance Committee. Westminster must … [Read more...]
IEA sees “major shift” – but not major enough
“A major shift in investment towards low-carbon sources of power generation is underway”, according to a first-ever detailed analysis of investment across the global energy system from the International Energy Agency (IEA). Yet, in non-OECD countries, “investment in conventional generation remains strong”, with over 75 GW of coal-fired power plants starting operation in 2015 in “developing Asia” – “as much as all renewable capacity additions in … [Read more...]
China’s continuing renewable energy revolution – can it save the world?
China has made strategic choices favouring renewables over fossil fuels that are still not widely understood or appreciated, writes John A. Mathews, Professor of Management, Macquarie University, Australia. In this article he gives an overview of the latest trends in Chinese eletric power generation, which shows that the system is still "greening" faster than it is becoming black. But whether it is changing fast enough to save the world, is still … [Read more...]
Paris deal, rapid transition means deepening doldrums for energy incumbents
Even as the earth is heating up, established oil, gas and nuclear companies are increasingly feeling the heat of the energy transition, writes famous author and entrepreneur Jeremy Leggett. Signs are everywhere that the fossil fuels game is almost up. This article was republished from Leggett's blog. … [Read more...]
100% solar?
Some argue that the world can be 100% powered by solar energy, but this is too simplistic, writes David Hone, Chief Climate Change Advisor for Royal Dutch Shell. He points out that solar PV delivers only electricity, which makes up just 20% of final energy use, and argues that other energy demands are better served by other low-carbon options, such as hydrogen and synthesis gas. A recent Shell publication indicates that 30% solar power by 2100 is … [Read more...]
Interview Professor Han Wenke: “China’s energy sector is opening up”
Less coal. Less bureaucracy. More renewables. More market. Those are four key elements in the “new balance” China is seeking in its energy sector, after years of huge growth in fossil fuel consumption. Professor Han Wenke, Director-General of the Energy Research Institute of the National Development and Reform Commission (NDRC), China’s largest ministry, explains the ramifications of the new Five-Year Plan for the energy sector in an interview … [Read more...]
The days of separately managed generation, transmission and distribution are over
The days of separately managed generation, transmission and distribution are over, writes Lisa Davis, Member of the Managing Board of Siemens AG. According to Davis, the energy systems of the future will need to integrate the entire value chain from generation to consumption. The key to managing these increasingly complex systems is balance and flexibility. … [Read more...]
Interview DNV GL CEO Remi Eriksen: “We see ourselves as data custodian”
According to DNV GL’s new “Technology Outlook 2025”, the watchwords for the next decade are digitalisation and decarbonisation. In an exclusive interview with Energy Post, DNV GL’s Group President & CEO Remi Eriksen and Chief Group Development Officer David Walker explain the company’s ambitions to use its independence and cross-sectorial energy expertise to become a leading data and knowledge hub in the global energy industry. “We see … [Read more...]
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