The European gas market will see “strong competition in the future”. This means that despite declining domestic production, Europe’s dependence on Russian gas will not increase over the long term. In the short term, however, over the next five years or so, Europe’s gas market could become very tight and Russia’s position will be stronger than ever. These are the expectations of energy expert Tatiana Mitrova of the Energy Research Institute of the … [Read more...]
VIDEO: Brussels launches state aid probe into Cameron’s nuclear project
Hughes Belin, leading energy journalist at viEUws.eu, looks into the merits of the Commission’s decision to open a state aid probe into the new nuclear power project at Hinkley Point C in the United Kingdom. The European Commission is currently carrying out and in-depth investigation of the business model of the Hinkley Point C nuclear power project. Competition Commissioner Joaquin Almunia has doubts with regard to the compatibility of the UK … [Read more...]
2014: the year of energy storage
Energy storage: it’s no longer a problem, it’s become a huge business opportunity. As one market watcher recently put it: “The energy storage industry is in the early stages of what will become a giant global market”. As with any new market, however, it is difficult for participants to find reliable information. Fortunately, there is now the interactive International Energy Storage Database (IESDB) of the US Department of Energy (DoE), which … [Read more...]
IEA: coal unsustainable but here to stay
Tougher Chinese policies aimed at reducing dependency on coal will help restrain global coal demand growth over the next five years, the International Energy Agency (IEA) says in its annual Medium-Term Coal Market Report released today. Despite the slightly slower pace of growth, however, coal will meet more of the increase in global primary energy than oil or gas - continuing a trend that has been in place for more than a decade. "Like it or … [Read more...]
What if one third of Australians choose to go off-grid?
The Australian national science agency CSIRO has undertaken a study into how the electricity grid in Australia could develop over the coming decades. Giles Parkinson, editor-in-chief of the Australian website RenewEconomy, discusses the four scenarios that SCIRO explores: “leaving-the-grid”, in which one-third of Australian consumers go off-grid; “prosumer” , which is similar but has active utility companies that lead the transition; “renewables … [Read more...]
New gas discoveries in southern periphery may transform European energy landscape
Cyprus may have what it takes to become an important gas supplier and energy hub for Europe. Natural gas discoveries in the country's offshore areas could form the foundation of a large liquefied natural gas (LNG) terminal in Cyprus, additionally supplied by gas from Israel. The creation of such a “second Southern Corridor” would give an important economic boost to southeast Europe, significantly improve European security of energy supply and … [Read more...]
UK electricity market: financiers are holding the government over a barrel
The UK Department of Energy & Climate Change (DECC) published new “strike prices” for renewable energy on 4 December, claiming these will lead to additional investment of ÂŁ40 billion in renewable electricity generation up to 2020. But according to Michael Knowles, Member of the Institution of Mechanical Engineers, the support scheme is too generous for suppliers and DECC should do much more to drive costs of renewables down. … [Read more...]
WTO should go for Global Green Growth trade deal
The trade facilitation agreement reached by the WTO last Saturday is only a modest step towards a global trade deal. What the world needs now, writes John Mathews, is a Global Green Growth trade deal that would not only enhance the stature of the WTO, but would deliver huge investment in green growth – and far more secure cuts in carbon emissions than any Kyoto-style agreement could ever achieve. … [Read more...]
How Ankara is pushing Arbil and Baghdad to an oil deal that will change the global energy market
Iraqi-Kurdistan is on the verge of becoming one of the world’s major oil exporters. Second only to the shale revolution in the United States, the oil and gas explorations there have the potential to change the global (and European) energy landscape. The only shadow hanging over this prospect is the political strife between the Kurdish Regional Government in Arbil and the central Iraqi government in Baghdad. But recently the likelihood of a … [Read more...]
VIDEO: “ETS should be the only climate target”, argues Eon CEO Johannes Teyssen
Sonja van Renssen, leading environment journalist at viEUws.eu, is joined by Dr. Johannes Teyssen, CEO of Eon to discuss the current situation of Europe’s energy sector. Regarding the 2030 climate and energy package, Teyssen calls for simpler objectives and says that the ETS (Emission Trading Scheme) target should be the only target, even though it had been struggling with low carbon prices. Everything else should be left to the market and … [Read more...]
Interview with Johannes Teyssen, CEO of Eon: “Renewables can become biggest without subsidies”
Dr Johannes Teyssen, CEO of Eon and President of Eurelectric, doesn’t beat about the bush: in an exclusive interview with Energy Post, he says that Europe needs a single climate target for 2030 of “between 40% and 50%” emission reduction. At the same time all energy subsidies and “green levies” should go. Renewables “have all the chance in the world to take the biggest chunk of the market” even without subsidies. The European Commission should … [Read more...]
Demand response: Europe is falling behind
If households and businesses in Europe were able to adapt their electricity consumption to price signals, it would lower their electricity bills considerably and cut peak demand for electricity by 10%, Yet, the European Commission notes in a recent Communication, that demand response is only emerging “slowly” and that Europe is lagging behind the US and other industrial regions. Brussels says national policymakers and regulators should focus less … [Read more...]
Shanghai and Beijing launch carbon markets
This week, both Beijing, China’s national capital, and Shanghai its leading financial city, launched pilot emissions trading systems. These pilots will run for two years, until the end of 2015. They join the city of Shenzhen, on the Hong Kong border, which launched a pilot carbon market in June this year. Guangdong, Hubei, Tianjin and Chongqing are also planning to launch pilot emissions trading systems in the near future. In a press release … [Read more...]
The UK energy confusion: good policies, shame about the politics
To outside observers, UK energy policy must seem to be hopelessly confused and the energy sector in a mess. Actually, the problem is not so much the policies, writes Stephen Tindale, associate fellow at the Centre for European Reform. They make a lot of sense and may lead the country to a secure and low-carbon energy future. The problem is the politics – populist proposals create confusion and may undo the good work that is being done. Earlier … [Read more...]
VIDEO: Brussels Briefing on Energy – All you need to know for the month of December 2013
Hughes Belin, leading energy journalist at viEUws.eu, provides an overview of recent developments regarding the European Union’s energy policy: - Package on state intervention in the electricity sector - Lithuanian Presidency Agenda on Energy - ILUC (Indirect Land Use Change) - Internal Energy Market Featuring statements by: European Commissioner for Energy GĂĽnther Oettinger and ACER director Alberto Pototschnig. … [Read more...]
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