Oil price forecasters base their predictions on a multitude of different factors, writes Nick Cunningham of Oilprice.com. When you take all these into account, he says, it becomes clear that nobody really knows which way oil prices are heading. … [Read more...]
IEA’s projections for renewables continue to look way too low
The IEA’s projections for wind and solar capacity look much too low, continuing a history of vastly underestimating renewables growth. Their projections are not a reliable basis for projecting the world’s future power generation mix, argues energy expert Adam Whitmore on his blog On Climate Change Policy. … [Read more...]
The Great Game in the Holy Land
Author Michael Schwartz tells the real story of the struggle over Eastern Mediterranean gas resources - a crucial but underreported cause behind the protracted conflict in the Middle East. It now involves the armies and navies of nine countries. And there is no resolution in sight. On the contrary, writes Schwartz, the gas wars in the Middle East will probably only get worse. … [Read more...]
EU energy policy: still ambiguous after all these years
The Energy Union package recently announced by the European Commission is a step forward in that it puts market liberalization and integration at the centre of European energy policy, writes Carlo Stagnaro, senior fellow at the Italian free market think tank Istituto Bruno Leoni. At the same time, it is still strongly influenced by the idea that government intervention is required to ensure both security of supply and sustainability. As a result, … [Read more...]
At the tipping point: will Obama stop Shell from despoiling the Arctic?
Shell is trying to establish itself as a leader in Arctic exploration and drilling, despite the company’s poor safety record in the region, writes Subhankar Banerjee, author of the new book Arctic Voices: Resistance at the Tipping Point. According to Banerjee, Shell’s activities are a mortal threat to one of the last untouched environments on the planet. President Obama still has a choice: to stop Shell – or to let it go ahead and become … [Read more...]
Columbia Law School creates global database of climate change laws
The Columbia Law School Sabin Center for Climate Change Law is creating a comprehensive database with links to climate laws and policies around the globe. The collection currently includes information for more than 100 countries, organized by continent. … [Read more...]
Meet the world’s number 1 R&D player in sustainable energy: the Chinese Academy of Sciences
In a global study of top academic and research centers in a wide range of sustainable energies, the surprising winner is the Chinese Academy of Sciences. Among industrial innovators the number 1 is engineering company ABB. The in-depth study, conducted by KIC InnoEnergy and Questel Consulting, shows that Chinese research institutions are considerably ahead of their European and US peers in sustainable energy innovation, including wind, ocean and … [Read more...]
In the oil heartlands of the planet, solar now beats oil and gas
One of the biggest banks in the Middle East and the oil-rich Gulf countries says that fossil fuels can no longer compete with solar technologies on price, and that the vast bulk of the $US48 trillion needed to meet global power demand over the next two decades will come from renewables. Meanwhile, in Dubai, Saudi Arabia’s ACWA Power, has won the world’s largest ever solar tender with the cheapest ever price: one-third below the cost of gas-fired … [Read more...]
Here’s what will send oil prices back up again
Oil's rapid decline since August of last year has been dramatic. To listen to some commentators you would also think it is unprecedented and irreversible. Those claiming that oil will continue to fall from here and remain low for evermore, however, are flying in the face of both history and common sense. The question we should be asking ourselves is not if oil prices will recover, but when they will. … [Read more...]
IRENA pushes for 160 GW energy storage plan
A group of experts is expected to finalise details this week of a road map to install 160 Gigawatts (GW) of battery storage worldwide in 2030, reports Jason Deign of Energy Storage Report. The plan, being developed by the International Renewable Energy Agency (IRENA), would see nearly four times as much battery storage being deployed in the next 15 years as all the solar power installed worldwide to date. … [Read more...]
Interview Johannes Teyssen, CEO Eon: ‘Future energy world has drifted far apart from the classical one”
In the first in-depth interview given by Johannes Teyssen, CEO of Eon, after the company announced its radical new strategy in December last year, Teyssen says that “the energy world of the future” and “the classical energy world” have “drifted so far apart that they require different entrepreneurial approaches”. He notes that the company’s new strategy is not based on German or even European politics, but “on more fundamental, global trends”. … [Read more...]
Study: Local electricity can meet half UK needs – if consumption is cut by half
Research conducted by nine leading UK universities has found that up to 50 per cent of electricity demand in the UK could be met by distributed and low carbon sources by 2050. This does require a reduction in demand of over 50% as well as increased regional, national and international connection. … [Read more...]
To make European climate policy work, we need to put a carbon price on imports
European institutions are struggling to reform the failing EU Emission Trading System (ETS) – “the cornerstone of EU climate policy”. But all reforms will be inadequate, writes Emil Dimantchev, senior carbon market analyst at Thomson Reuters, unless we address the system’s key defect: the failure to impose equal rules on all producers, including those from outside the EU. According to Dimantchev, EU policymakers will never allow carbon prices to … [Read more...]
Interview Andriy Kobolev, CEO Naftogaz: “Gazprom breaches EU law by blocking reverse flow to Ukraine”
Gazprom is blocking reverse gas flow from Slovakia to Ukraine in violation of EU law, says Andriy Kobolev, the CEO of Ukraine’s state-owned gas monopoly Naftogaz, in an exclusive interview with Slovakian energy analyst Jozef Badida. As a result European companies are not able to meet the demand from gas in Ukraine and Ukraine is left at the mercy of Gazprom. Kobolev calls on the EU to take action against the Russian company. But he also notes … [Read more...]
“Supersonic electrons could produce future solar fuel”
Researchers from institutions including Lund University have taken a step closer to producing solar fuel using artificial photosynthesis. In a new study, they have successfully tracked the electrons’ rapid transit through a light-converting molecule. … [Read more...]
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