Many in the industry are relying on electric vehicles (EVs) to reverse the downward trend in global electricity consumption. But a new report from Redburn, a UK research and investment company, suggests the growing energy efficiency of EVs means that the industry and investors may have to look elsewhere for significant boosts in demand for electrical power, says energy expert Fereidoon Sioshansi of EEinformer. … [Read more...]
Aligning the IEA Sustainable Development Scenario to Paris goals
As part of its World Energy Outlook 2018 report, on 13 November the International Energy Agency will publish its latest Sustainable Development Scenario that it claims shows governments and companies how to reach Paris’ climate change goals. To date, it’s fallen short – perhaps because it thinks the goals are too difficult to achieve, says Greg Muttitt of Oil Change International, which is calling on the agency to start showing how those goals … [Read more...]
US shale has a glaring problem
With oil prices high and production booming, 2018 was supposed to be a year of profits for US shale oil and gas companies. A report from the Institute for Energy Economics and Financial Analysis (IEEFA) and the Sightline Institute shows that hasn’t happened. As 3Q 2018 results start coming in, investors around the world should be considering if there is a fundamental problem with the fracking business model, says Nick Cunningham of Oilprice.com. … [Read more...]
Europe prepares a net zero emissions plan for 2050: use the EUenergy App to understand it
The European Commission is drafting a new 2050 climate and energy strategy that will set out a vision for net-zero emissions in Europe by 2050, to be unveiled before the next round of UN climate talks, in Katowice, Poland this December. Energy Post reports on the latest internal reflections on the new strategy, using the EUenergy App, jointly developed by Energy Post and Shell, to put the ideas in context. … [Read more...]
Time to re-think Britain’s capacity market
Answering the call for opinions for the UK capacity market review, Gerard Wynn of the Institute for Energy Economics and Financial Analysis (IEEFA) says its time for a rethink. Since its introduction to ensure energy security, 75% of payments have gone to existing coal, gas and nuclear plants, and only 10% to modern assets. By continuing with market reforms and building interconnections with Europe, the UK can have an efficient, market-led … [Read more...]
Bioenergy carbon capture: Climate snake oil or 1.5C panacea?
Most models for meeting 1.5℃ or 2℃ climate change targets suggest we will be using bioenergy carbon capture and sequestration (BECCS) to mop up the world’s total annual CO2 emissions by around 2070 (for 2℃). This means moving from today’s three BECCS power plants to 16,000 by 2060. But, explains Paul Behrens of Leiden University, large-scale BECCS is a “monumentally tricky idea,” and, while aiming to fix climate disruption, it makes many things … [Read more...]
A blacklist of the world’s top 120 coal plant developers
Nearly 1,400 new coal power plant developments are planned or under construction in 59 countries that would add 33% to coal power capacity. But the risks of investing in such projects are growing, and many banks and investors are looking to move away from coal. To help them, non-governmental organisation Urgewald has created a database of the world’s top 120 coal plant developers, says Kathy Hipple of the Institute for Energy Economics and … [Read more...]
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