It is much more expensive to undertake onshore wind projects in some European countries than others, according to the first-ever study of these costs for the entire EU-28. The EU-funded âDiacoreâ project finds moreover that market actors single out the design and reliability of renewable support schemes as the single biggest risk (after generic country risk) driving up the cost of capital. Best practice policy design could cut support costs for … [Read more...]
Report warns: LNG may lose out to renewables
A new report by economists at The Brattle Group finds that the financial viability of LNG projects is increasingly being threatened by competition from renewable power sources, especially in Asia. They warn that âthis  increasing competition has significant ramifications for the many LNG export projects now in development across North America and for buyers of LNG that have signed long-term contractsâ. … [Read more...]
The cheapest way to scale up wind and solar energy? High-tech power lines
A new study from researchers at the prestigious National Oceanic and Atmospheric Administration (NOAA) in the US concludes that the US can cut greenhouse gas emissions from the electricity sector by 80 per cent while keeping prices at or below current levels. The key to achieving this is to build a nationwide, modernised grid that will allow large-scale systems integration of renewable energies.Scientist Christopher Clack explains how the … [Read more...]
Carbon capture and storage comeback must focus on industry not energy
Since the Paris climate agreement and its ambitious resolve to keep global warming to 1.5C over pre-industrial temperatures, a number of influential publications have been declaring the death of carbon capture and storage (CCS). But critics fail to make a distinction between CCS for power plants and for industrial manufacturing, writes Charles Digges of the Norwegian NGO Bellona. CCS is the only way to substantially reduce industrial emissions. … [Read more...]
Energy Post takes over The Energy Collective!
We are delighted to announce that this week Energy Post became the proud owner of the great US-based website The Energy Collective. … [Read more...]
Future is hi-tech, high value-added and non-energy-intensive
The growth of advanced economies depends increasingly on hi-tech information rather than traditional commodities, writes Fereidoon Sionshansi, president of Menlo Energy Economics and publisher of the newsletter EEnergy Informer. It is no coincidence that ExxonMobil, long the largest US company, is no longer in the top three. âFuture growth will depend on every smaller amounts of energy.â … [Read more...]
Renewable energy demand in Europe reaches record levels
The demand for renewable electricity in Europe based on Guarantees of Origin (GO) validated by the European EECS standard continued to grow in 2015. The growth is up more than 8% from 2014 and surpassed 340 TWh, reports ECOZH, a Norwegian renewable energy supplier. … [Read more...]
Why itâs so difficult to reduce CO2 emissions
There are a number of factors that make it systematically difficult to reduce CO2 emissions, writes Jilles van den Beukel, a geophysicist and former geoscientist for Shell. He argues that we should not approach the climate problem dogmatically but keep all options on the table, including drastic changes in lifestyle and geoengineering solutions. … [Read more...]
Paris struggles to overcome panic attack about UKâs Hinkley Point nuclear project
French energy group EDF has postponed giving final approval for construction of the twin 1600 MW Areva EPRs for the Hinkley C project in the UK. Dan Yurman, nuclear expert and publisher of the blog NeutronBytes, discusses the implications of this decision. EDFâs board is expected to meet again in mid-February, but ultimately it is the French government that has to cut the knot, writes Yurman. … [Read more...]
EXCLUSIVE: EU paints challenging picture of Europeâs nuclear future
In a leaked draft document obtained by Energy Post, the European Commission outlines the investments in the EU nuclear industry that it believes are needed out to 2050. The document, originally announced for last year, but off the table again for February, paints a challenging picture for the European nuclear industry. âŹ450-550 billion will have to be spent on new plants and lifetime extensions, costs of decommissioning and waste management are … [Read more...]
World Energy Council: storage is less expensive than we think
A narrow focus on âlevelised cost of energyâ (LCoE) can be misleading when looking at the business case for energy storage. This is one of the major conclusions of a new study E-storage â shifting from cost to value carried out by the World Energy Council into the real costs of energy storage. The report is calling for the true value of energy storage to be recognised by taking into account both its cost and revenue benefits. … [Read more...]
Record increase renewables in Europe, but emissions stay level
2015 saw a record 2.5% increase in renewables generation in Europe, which now makes up 29% of total European electricity supply,reports UK think tank Sandbag. However, as a result of lower output from hydropower and nuclear power stations, the amount of fossil fuel generation barely changed. CO2-emissions from the power sector fell only 0.5% after a 7.5% fall in 2014, but according to Sandbag this year will see a rapid fall again. … [Read more...]
How to stop the fossil fuel industry from wrecking our worldÂ
In spite of the Paris Agreement, the fossil fuel industry is carrying on much as before, writes famous author and activist Bill McKibben, founder of NGO 350.org. This is partly because of the influence Big Oil has, but also because there are no legal grounds â from a climate perspective â on which to stop projects. However, notes McKibben, citizen groups are increasingly resisting projects at the local level. Courtsey Tomdispatch.com. … [Read more...]
60 reasons why oil investors should hang on
The inevitable will occur: supply and demand will cross again and oil prices will recover, writes Dan Doyle of Oilprice.com. Doyle presents an upbeat view of the oil market â from the perspective of the oil industry. He just hopes the recovery will be orderly and not end in a mess. … [Read more...]
Whatever happened to electricity market liberalisation?
In the EU, and the UK in particular, the liberalisation of the electricity market is rapidly being reversed and replaced by old-fashioned command-and-control policies, writes Carlo Stagnaro, Senior Fellow of the Italian free market think tank Istituto Bruno Leoni. One of the main reasons for this reversal are interventionist climate policies. According to Stagnaro, who has a new book out on energy liberalisation, this trend will lead to … [Read more...]
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