Bans on subsidies (in some countries) and reduced costs have hit total investment in onshore wind. Meanwhile, market share continues to grow across the EU28. Wind energy now accounts for almost 20% of installed capacity for power generation which makes researcher Schalk Cloete's sobering analysis of risks for onshore wind well worth reading. Following up on his previous article, he examines current assumptions and argues that the discount rate … [Read more...]
How EASE is mapping out the path towards large-scale deployment of energy storage technologies in Europe
The Clean Energy for All Europeans Package marked a turning point for energy storage in Europe, says Marine Delhommeau, policy officer for the European Association for Storage of Energy (EASE). Energy storage is now seen as one of the key flexibility instruments required in the future energy system. Despite this, the industry faces challenges in deploying at scale. A new roadmap aims to solve the problem. … [Read more...]
EU should target carbon dioxide removal as part of net zero emissions strategy
Carbon Dioxide Removal (CDR) technologies are still in their infancy. However, they are an essential part of limiting global temperature increases to 1.5-2°C to meet the Paris Agreement’s objectives. So what is the best way to ensure CDR is ramped up at the right speed to hit those targets, and avoid the “moral hazard” of the promise of future CDR giving others an excuse to fail with their straightforward carbon reduction? Oliver Geden, Glen … [Read more...]
A Just Transition – or a transition, but only just?
At COP24 the Polish Presidency has issued a declaration for a "Just Transition". Jennifer Tollman of climate think-tank E3G says a Just Transition must make allies of those working in and dependent on the high-carbon economy by supporting them in the transition. They must not be left behind. But they warn that this support should not be an excuse for a “go slow” on the transition, as missing our global climate targets is a clear disaster. … [Read more...]
Investment risk: nuclear high, new load-following fossil fuel plants low
In the current policy environment many energy technologies can appear attractive with the right set of assumptions: discounted clean energy technologies (wind, solar and nuclear) where the discount rate is heavily influenced by risk (see graph) and, perhaps surprisingly, new load-following fossil fuel plants (especially natural gas) where continued wind/solar technology forcing actually provides substantial upside potential. CCS researcher Schalk … [Read more...]
Can Teresa Ribera transform Spain into a green champion?
In a draft bill released on 13 November, the Spanish government is proposing to ban fossil fuel subsidies and fracking, reduce greenhouse gas emissions by 20% by 2030 (37% compared to current levels) and 90% by 2050, boost the share of renewables to 35% (70% of power generation) in 2030 and discourage diesel and petrol cars. Natalie Sauer of Climate Home News portrays the woman behind the plan, ecological transition minister Teresa Ribera, and … [Read more...]
The IEA comes up short on climate (again)
The release of the World Energy Outlook (WEO) 2018 marks another missed opportunity for the International Energy Agency (IEA) to provide a roadmap to Paris, writes Greg Muttitt of NGO Oil Change International. According to Muttitt, even the WEO’s “sustainable development scenario” falls well short of the Paris goals. Policymakers and investors cannot rely on the WEO to guide their decisions in energy. … [Read more...]
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