70% of electricity in the US now is generated by renewables, and natural gas from fracking is on the decline, says a presidential hopeful in a campaign speech in 2052. He promises voters that if elected he “will ensure completion of the energy transition”. … [Read more...]
Energiewende is easily affordable – if we don’t go 100% renewable
Researchers from Fraunhofer ISE have published a new report investigating the net cost of Germany’s energy transition. The good news is that the German government’s current goals are likely to be affordable. The bad news is that 100 percent renewable energy is less so, writes Craig Morris of the website German Energy Transition. … [Read more...]
Stanford: world can go 100% wind, water, sun by 2050 – and save money
Reneweconomy.com A new analysis from Stanford University has laid out a roadmap for 139 countries to power their economies with solar, wind, and hydro energy by 2050. It says the world can reach 80 per cent WWS (wind, water and sunlight) by 2030 and 100 per cent by 2050 with no impact on economic growth. … [Read more...]
Does the IEA’s new World Energy Outlook miss the global transition?
The energy transition from fossil fuels to renewables will likely be faster than the International Energy Agency predicts in its recent World Energy Outlook, writes Peter Simon Vargha, Chief Economist at Hungarian oil and gas company MOL. According to Vargha, we are at a point when renewables are getting cheaper than fossil fuels in many areas, and that means a whole different game. … [Read more...]
The energy ship changes course – IEA Chief “optimistic”
Slowly but surely the global energy oil tanker is changing course. The long journey to a low-carbon energy future has finally gotten underway – and there is no turning back anymore. That’s the central message that can be deduced from the 2015 edition of the World Energy Outlook (WEO), released today by the International Energy Agency (IEA). Fatih Birol, the new Executive Director of the IEA, tells Energy Post he is “more optimistic” for the … [Read more...]
Grandmaster of the Great Game: Obama’s geopolitical strategy for containing ChinaÂ
In ways that have eluded Washington pundits and policymakers, President Barack Obama is deploying a subtle geopolitical strategy that, if successful, might give Washington a fighting chance to extend its global hegemony deep into the twenty-first century, writes author and historian Alfred McCoy. In this pioneering essay, McCoy explains how Obama is countering China’s Silk Road Strategy aimed at dominating the Eurasian landmass by pursuing two … [Read more...]
Renewables: does the IEA underestimate them?
In a new market report on renewable energy, the International Energy Agency (IEA) notes that renewables will represent “the largest single source of electricity growth over the next five years”, reaching a share of 26% of world power supply in 2020, compared to 22% in 2013. Yet critics say the IEA is still underestimating the speed at which renewables like solar and wind are likely to grow. Energy Post editor Karel Beckman tries to figure out … [Read more...]
When fuels compete: the new dynamics of global energy markets
For a long time global energy markets were relatively stable, dominated by long-term investment in asset-intensive fuel businesses that rarely competed with one another. Now, rapid change is sweeping across the energy world: fuels are increasingly encroaching on each other’s territory and the silos of regional markets are breaking down, write Christophe Brognaux and Nicholas Ward of The Boston Consulting Group (BCG). As a result, fundamentally … [Read more...]
Steve Holliday, CEO National Grid: “The idea of large power stations for baseload is outdated”
Steve Holliday, CEO of National Grid, the company that operates the gas and power transmission networks in the UK and in the northeastern US, believes the idea of large coal-fired or nuclear power stations to be used for baseload power is “outdated”. "From a consumer’s point of view, the solar on the rooftop is going to be the baseload. Centralised power stations will be increasingly used to provide peak demand", he says, in an exclusive … [Read more...]
Why Ukraine has to reform its gas sector
Ukraine has embarked on “the mother of all reforms”: that of the gas sector. This is one of the most important and most difficult reforms Ukraine has to undertake. Yet without the marketisation of gas prices and an improvement in Naftogaz’s financial standing, it will be impossible to reform Ukraine’s public finances and end the long-standing economic crisis. Energy sector reform is a central goal of the post-Euromaidan government and indeed the … [Read more...]
Ad van Wijk: “The energy sector has nothing to do with energy companies anymore”
There are many developments in the world today that have far more influence on the energy sector than the energy sector itself, says technology visionary Ad van Wijk in this exclusive interview with Energy Post. The Professor in “Future Energy Systems” at Delft University of Technology in the Netherlands explains how LED lighting, a DC grid, fuel cell cars, the Internet of Things and 3D printing are upending our energy system as we know it. “The … [Read more...]
Global coal boom? It ends as China and world wake up to reality of carbon pollution
The idea that the world is experiencing a coal renaissance, as is sometimes assumed or proclaimed by observers, is mistaken, writes Joseph Romm, editor of the weblog Climate Progress. According to Romm, the coal boom of the first decade of the 21st Century has stalled. And there is every reason to expect that it is over for good. … [Read more...]
Dean Oskvig, CEO Black & Veatch: physics not policy will dictate energy future
“We can make all kinds of policies and laws and regulations, but no legal system is powerful enough to violate the laws of physics,” says Dean Oskvig, President and CEO Black & Veatch Energy, part of Black & Veatch, the US-based global engineering and consulting company. In this exclusive interview, he urges policymakers to focus on infrastructure resilience, cybersecurity and responding to distributed and off-grid electricity generation. … [Read more...]
Worldwatch Institute: energy costs rise as national debts grow
Although current oil prices are temporarily low, long-term energy costs are on the rise, reports the Worldwatch Institute in its State of the World 2015 report. The Worldwatch Institute warns that “higher energy costs will have ripple effects through economies built around continued large energy-input requirements”. … [Read more...]
viEUws VIDEO: Brussels Briefing on Energy – All you need to know for June 2015
In this Brussels Briefing on Energy for viEUws.eu, journalist Hughes Belin provides an overview of the latest EU energy policy developments, including the latest progress report from the Commission on renewable energy in EUrope and news on European energy security strategy. … [Read more...]
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