In California, the reserve price in auctions of emission allowances has proved successful in maintaining a minimum carbon price. This should encourage others, especially the EU, to introduce similar arrangements, writes climate change economist Adam Whitmore. The Californian experience does show the importance of political commitment and stability, Whitmore adds.  … [Read more...]
U.S. energy dominance: markets trump policy in 2017
The 2017 growth in U.S. oil and gas industry is tied to market forces and already existing liberal trade policies; energy-specific policies introduced by the current administration were not a significant driver, write Anna Mikulska and Michael Maher of the Baker Institute’s Center for Energy Studies. The authors expect that federal energy policies will continue to play a supporting but subordinate role to markets and state-level policies, and see … [Read more...]
Small modular reactors for nuclear power: hope or mirage?
Supporters of nuclear power hope that small nuclear reactors, unlike large plants, will be able to compete economically with other sources of electricity. But according to M.V. Ramana, a Professor at the University of British Columbia, this is likely to be a vain hope. In fact, according to Ramana, in the absence of a mass market, they may be even more expensive than large plants. … [Read more...]
Cheap renewables are transforming the global electricity business
Renewables are not yet the least costly option in every market, writes Tim Buckley, Director of Energy Finance Studies Australasia at the Institute for Energy Economics and Financial Analysis (IEEFA), but the pace of change demonstrates that a tipping point toward a new energy economy is coming, and fast. Article courtesy IEEFA. … [Read more...]
China just launched the world’s largest carbon market. Here are 3 ways it can succeed
On December 19, China formally launched its national carbon market. By setting a carbon price on the country’s largest greenhouse-gas emitters, China has launched a new, crucial endeavor in its efforts to tackle pollution and climate change, write Hal Harvey and Hu Min of the San Francisco-based think tank Energy Innovation. … [Read more...]
The quiet power market transformation behind the new carbon market in China
In December, the Chinese government announced the launch of a national carbon emissions trading scheme (ETS), which is expected to become the largest ETS in the world. This is a major development, writes Max Dupuy, senior associate at the Regulatory Assistance Project (RAP), but its success depends on an even deeper power sector transformation that is taking place in China, which gets much less attention. This reform effort promises to completely … [Read more...]
Trump’s coal and nuclear subsidy could cost U.S. economy over $10 billion a year
The U.S. Department of Energy's new initiative to subsidize coal and nuclear generation could cost U.S. businesses and households up to $10.6 billion annually, writes Silvio Marcacci, Communications Director at think tank Energy Innovation. This money would go to about 10 companies.  … [Read more...]
The German electricity market in 2016: more gas, renewables stable, higher emissions, higher tariffs
Whereas gas-fired power grew strongly in Germany in 2016, the output of renewables declined slightly. CO2 emissions went up, as did network tariffs and consumer prices. Renewables were funded 70% through auctions and just 30% through feed-in tariffs. An overview by Marius Buchmann. … [Read more...]
Britain’s switch to low-carbon energy could give a £21 billion boost to the economy
The UK’s transition to a low-carbon economy will lead to new markets being created which could generate up to ÂŁ21 billion in value annually for utilities, according to new research from Stephen Hall of the University of Leeds and Jeffrey Hardy of Imperial College London. Their research, which focuses on the effects of energy policy on the creation of new markets, can help companies plan for the future. Courtesy The Conversation. … [Read more...]
Energy traders sound alarm: “electricity borders in the EU are closing instead of opening”
Regulations governing the EU wholesale electricity market have become so complex that the integration of the market is regressing instead of progressing, says Peter Styles, Chairman of the Electricity Committee of the European Federation of Energy Traders (EFET), in an interview with Energy Post. He notes TSOs (transmission system operators) on average now make less cross-border electricity transmission capacity available on the EU high voltage … [Read more...]
Trading biomass like oil: Lithuania shows how it can be done
European biomass markets are fragmented and intransparent, writes Jakub Kucera, economic analyst at RSJ, a Prague-based investment company. With one exception: Lithuania has a well-functioning biomass spot market, Baltpool. Could this become a model for other European countries? The Lithuanians would like to expand. … [Read more...]
Trends in electricity prices in Europe: expect more volatility
Electricity prices in Europe will become volatile, variable renewable energy will grow but will still be supplemented significantly by conventional power plants. These are of some of the main outcomes of the power price scenario EU Energy Outlook 2050, released by Energy Brainpool. One of the major question marks for the power sector will be the development of e-mobility, write Carlos Perez-Linkenheil and Simon Göß. … [Read more...]
Why investing in the big 4 German utilities is still not for the faint of heart
Now that EON and RWE have both been split up, there are four utilities investors can put their money in. Surprisingly perhaps, the conventional generation businesses do better on the German stock exchange than the renewables and grid businesses so far. Gerard Reid, founding partner of Alexa Capital, financial analyst and co-founder of the Energy and Carbon blog, explains why and discusses the prospects of the four companies. Courtesy Energy and … [Read more...]
Interview Ditlev Engel, CEO DNV GL Energy: “The biggest challenge is integration”
The biggest challenge of the energy transition is the integration of renewable technologies into a digitalized interconnected energy system, according to Ditlev Engel, CEO of DNV GL Energy, one of the largest energy consultancies in the world. “Technology is moving very fast”, Engel says in an interview with Energy Post. “Renewable energy growth has surpassed everyone’s expectations. Regulation and market design need to reflect this development.” … [Read more...]
Emad Ghaly, CEO Siemens Egypt: “Egypt’s electricity challenges are solved for good”
Siemens is ahead of schedule in delivering on its single biggest order ever: a trio of the world’s largest gas-fired combined cycle power plants that will increase Egypt’s power production capacity by nearly 45% by 2018. In this exclusive interview, the CEO of Siemens Egypt, Emad Ghaly, explains what and how the company has delivered so far, what’s next, and why this is history in the making for both company and country. … [Read more...]
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