A growing number of resource-rich nations are planning to restrict exports of unprocessed raw materials, explain Gracelin Baskaran and Cy McGeady at CSIS. Currently, a significant proportion of critical minerals are exported to China for processing, giving it monopoly power in the value chain. If countries like the DRC, Namibia, Ghana, Zimbabwe, and Indonesia instead processed their own raw materials they would create skilled jobs and industries … [Read more...]
Fossil producer UAE to host COP28: what are Gulf states doing to decarbonise?
COP28 in November is being hosted by the United Arab Emirates (UAE), a major oil and gas producer. The COP President will be Sultan Al Jaber, the CEO of ADNOC, one of the world’s biggest oil companies. It’s attracted heavy criticism from many quarters. Robin Mills at the Center on Global Energy Policy reviews the contradictions inherent in a leading fossil producing nation hosting the world’s most important decarbonisation forum. The Gulf states … [Read more...]
EU states agree deal on electricity market to protect consumers from price volatility, boost cheap renewable power
On Tuesday EU member states finally agreed on how to reform the bloc's electricity market after long months of difficult negotiations. The introduction of long-term contracts, particularly contracts for difference (CfDs), should stabilise prices for consumers and give certainty to investors in new generation. But the big concern had been how the state support implicit in CfDs might be used to bias the playing field in favour of nuclear and coal, … [Read more...]
What can today’s Energy Revolution learn from the previous Industrial and Information Revolutions?
What can the Industrial Revolution and the more recent Information Revolution teach us about the Energy Revolution we are going through now, ask Yuki Numata, Laurens Speelman and Marissa Gantman at RMI. Importantly, the same questions that were ignored or dismissed in those past transitions will help us shape our energy transition to make it better, faster, less wasteful and polluting, as well as more equitable. The authors reveal a 4-part … [Read more...]
Make EV batteries bidirectional, get GWs of storage for the Grid
How to cope with the hourly, daily and seasonal variation in demand as regions electrify more, depend more on variable renewables like wind and solar, and cut baseload fossil generation? Storage shifts load nicely. But why build grid-scale batteries when millions of little batteries in our EVs are sitting idle in our driveways for most of the time? As Mark Specht at the Union of Concerned Scientists explains, it’s why in California a bill is … [Read more...]
Carbon Pricing: almost 25% of emissions now covered globally, but coverage and prices must rise further
Despite early scepticism, carbon pricing is making its mark globally. Today almost a quarter of global greenhouse gas (GHG) emissions are covered by a carbon price, compared to just 7% ten years ago. 73 national and sub-national jurisdictions have carbon pricing, explain Joseph Pryor and Venkat Ramana Putti at The World Bank, writing for the Florence School of Regulation and quoting from the World Bank’s State and Trends of Carbon Pricing 2023 … [Read more...]
How much Carbon Capture does the EU need from LULUCF, BECCS, Industrial CCS, DACCS?
How much carbon capture does the EU need to 2050? Robert Jeszke and MichaĹ‚ Lewarski at The National Centre for Emissions Management (KOBiZE), writing for the Florence School of Regulation, start by pointing out that mainstream estimates vary significantly, from 50-300 Mt CO2 to 1,300-1,500 Mt CO2. They then present their study (their estimate is 550 Mt CO2). The study highlights the importance of BECCS (Bioenergy with Carbon Capture and Storage): … [Read more...]
IRENA’s Innovation Week 2023: Renewable solutions to decarbonise end-use sectors
At the end of September IRENA held a four-day event “Innovation Week 2023: Renewable solutions to decarbonise end-use sectors” in Bonn, Germany. A wide range of speakers discussed tangible solutions to decarbonise energy intensive sectors such as transportation, buildings and industry, informed by first-hand project experiences and supported by insights from IRENA’s in-depth analyses. Topics included direct and indirect electrification, green … [Read more...]
Biosolar Roofs: solar panels mixed with vegetation can boost both power output and biodiversity
A biosolar roof is one that has installed both vegetation and solar panels on the top of a building. Does the presence of one obstruct the other, or do they in fact enhance each other? The answer is the latter, explain Peter Irga, Fraser Torpy, Eamonn Wooster, Charles Sturt, Robert Fleck at the University of Technology Sydney and Jack Rojahn at the University of Canberra who summarise their study. The vegetation cools the panels closer to their … [Read more...]
Event summary: “Bioenergy after REDIII – sustainable, climate neutral fuels for industry, transport and negative emissions”
Sara Stefanini provides a written summary of our panel discussion held on Wednesday 4th October 2023. It’s a full summary of the 75 minute discussion, and begins conveniently with a summary of the highlights. Under the recently revised Renewable Energy Directive (REDIII) bioenergy can be counted towards the renewable energy targets – provided that it meets strict sustainability criteria. Bioenergy already accounts for 60% of the EU’s renewable … [Read more...]
Voluntary Carbon Markets in turmoil: what must be done to make carbon offsetting work?
Headlines like “Revealed: more than 90% of rainforest carbon offsets by biggest certifier are worthless, analysis shows” tell of the big problems faced by Voluntary Carbon Markets (VCM). VCMs are markets for buying, selling, and investing in carbon credits tied to avoided, reduced, or removed greenhouse gas emissions. But they are struggling to define, measure, verify, and value carbon credits in an efficient, transparent, and standardised … [Read more...]
Formula 1’s energy efficiency innovations for road transport are being wasted
Formula 1 racing is infamously emissions intensive. But the pressure to win is a pressure to innovate and raise energy efficiency, supported by an extravagant budget. Maximilian Auffhammer at the Energy Institute at Haas looks at what has been achieved over decades, and what has – and has sadly not – been translated onto our roads. The earliest cars had 4.5L engines that produced 400 horsepower, refuelled during the race. Today’s cars have 1.6L … [Read more...]
Jobs in the new clean energy economy: where are they, what are they, and how to find one
According to IEA figures, in 2019 the energy sector employed over 65m people, 2% of the global workforce. Half of that workforce is already in the clean energy sector, and demand for skilled employees is soaring. Whereas fossil jobs are heavily weighted to low skilled and very high skilled, most clean energy jobs are at the high end. Helena Uhde at Ea Energy Analyses looks at this new world, explains the differences, and notes that although … [Read more...]
Electrochemical Carbon Capture: a cheaper one-step process, power by clean energy
Carbon capture is expensive. Hence continuous attempts in laboratories around the world to find new ways to capture CO2 that are simpler and cheaper. One problem with the traditional method is that it is a two-step process, and energy intensive (therefore powered by high-heat fossil fuels). Jennifer Chu at MIT describes a new electrochemical method that separates out CO2 in a single step, and it’s powered by clean energy. It’s particularly … [Read more...]
Scaling up global grid-scale Storage to 80GW/year (it was 16GW in 2022)
Globally, annual additions of grid-scale battery storage must rise to 80GW between now and 2030, explain Amit Jain, Gabriela Elizondo Azuela and Aakarshan Vaid at the World Bank, writing for WEF. In 2022 it was only 16GW. The biggest gap, perhaps understandably, is in developing countries. It’s in these regions where renewables auctions for deployment – primarily solar and wind – need to start including hybrid storage as part of the package. The … [Read more...]
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