While politicians and the mainstream media trumpet fracking as a great American energy revolution, it has in fact been a financial disaster, writes Justin Mikulka of DeSmog blog. The American shale oil and gas boom, he writes, may be "one of the largest money-losing endeavors in the nation's history". Courtesy DeSmog blog. … [Read more...]
Boosting green investment: EU wants ecolabel for financial products
The European Commissionâs recently adopted Sustainable Finance Action Plan aims to boost investment in green projects, mainly by providing more reliable information for investors, writes David Thorpe, consultant and author of books on energy efficiency. An EU "ecolabel" for financial products is in the works. … [Read more...]
$100 Oil is back on the table
Only a week ago, news surfaced that Saudi officials were quietly hoping to push oil prices up to $80 per barrel, which would help boost the valuation of Saudi Aramco IPO. But why not $100 per barrel, asks Nick Cunningham of Oilprice.com? … [Read more...]
How Volkswagen’s Dieselgate billions are helping to jump-start EV charging
Interstate high-speed charging corridors have emerged as popular options for spending the Volkswagen settlement fund in American states affected by the automakerâs emission scandal, writes Mike OâBoyle of think tank Energy Innovation. Coupled with public education and interstate planning, these corridors are a good use of these funds to decarbonize transportation, the author argues. … [Read more...]
UK will legislate net-zero carbon emissions target, says minister
The UK will draft new laws that will cut emissions to net-zero, climate minister Claire Perry announced on Tuesday. Under the UK's 2008 Climate Change Act, the country has committed to 80% emission cuts, but this may prove inadequate to meet the Paris limit in 2050, writes Megan Darby, deputy editor of Climate Home News.  Article courtesy Climate Home News. … [Read more...]
In the new era of inexpensive renewables, policy should remove systemic obstacles
As the cost of renewables goes down, the old approach of subsidizing generation no longer makes sense, writes Johannes Urpelainen of The Center on Global Energy Policy. We need a revolution in energy policy. Article courtesy The Center on Global Energy Policy. … [Read more...]
Fracking may have political support, it still needs a âsocial licenceâ
The UK government may be convinced that shale gas production is important to the country, it will need to convince the public too. Experience in Eastern Europe has shown that without a âsocial licenceâ, fracking will not get off the ground, writes Andreas Goldthau, Director of the Centre of International Public Policy in London and author of a new book on the politics of shale gas. … [Read more...]
How Shellâs new Sky scenario achieves net zero emissions
In Shell's recently published Sky climate scenario, the energy system reaches net zero emissions by 2070 using several technologies that are at an early stage. David Hone, Chief Climate Change Advisor at Shell, explains how this would work and why Shell regards this scenario as plausible. Courtesy David Honeâs Shell Climate Change blog … [Read more...]
Shipping to halve carbon footprint by 2050 under first sector-wide climate strategy
Global shipping must at least halve its emissions by 2050, according to an international deal adopted on Friday. Reaching an agreement on how to achieve this goal will be difficult as countries already challenge many proposed measures, writes Sara Stefanini of Climate Home News. Article courtesy Climate Home News. … [Read more...]
India slashes plans for new nuclear reactors by two-thirds
India has decided to cut its planned nuclear power plant construction by two-thirds. This will further expand the countryâs use of coal for electrical power generation, writes Dan Yurman, nuclear energy specialist and author of the Neutron Bytes blog. … [Read more...]
New research: Europeâs electricity networks are underused and can cope with electric cars
Electricity distribution networks in Europe run at well below their full potential, finds a new study from the Regulatory Assistance Project (RAP). The findings imply that the unused network capacity could be utilised for charging electric vehicles with little or no need for additional capacity. Smart pricing and smart grid technologies will be the keys. Â … [Read more...]
Why nuclear fusion is gaining steam â again
Although no breakthrough has happened in nuclear fusion since it was hailed as the clean energy source of the future in the 1970s, there are reasons to be optimistic now, writes Scott L. Montgomery of the University of Washington. There have been advances in technology, two large reactors are being built and a dozen startups have become active. "The dream of fusion power now seems certain to neither die or remain merely a dream."Â Courtesy The … [Read more...]
The Bosch solar complex: European companies should not give up on batteries just because they failed in solar
The decision of Bosch not to enter battery production may prove to be a historic mistake, writes Gerard Reid. Bosch was no doubt motivated by its failure in the solar power market, but according to Reid the battery market is very different. It is much more complex, involves much more technology and will be a critical pillar of the new economy. If Bosch and others donât get over their solar complex, European industry may get seriously hurt. Â … [Read more...]
New Gas Market Directive will change balance of power between EU and Member States
The European Commission has proposed amendments to the Gas Market Directive essentially to acquire control over Nord Stream 2. But once they are approved, the EU will have much more authority over Member Statesâ overall security of energy supply than it has now, warns Bent Ole Gram Mortensen of the University of Southern Denmark. According to Mortensen, there is no need for such far-reaching legislation: if Gazprom were to abuse its market … [Read more...]
How aggregators will alter fundamentals of electricity business
As the number of âprosumersâ with batteries grows, huge opportunities will be opened up for aggregators who will be able to optimize these behind-the-meter-assets, writes energy expert Fereidoon Sioshansi, publisher of newsletter EEnergy Informer. Sioshansi explains how this development is likely to transform the electricity sector. … [Read more...]
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