According to a new report from MIT, released in January, bioenergy production could cut greenhouse gas emissions by more than half, but with a caveat. “To achieve the cut”, notes MIT in a press release, “the carbon price must cover emissions from changing land use. Without this safeguard, deforestation becomes a major concern as forests are cleared to make way for farmland.” … [Read more...]
New clean energy investment surges 12% in 2014
New investment in the global clean energy sector rose 12% last year to $274.2 billion, the highest annual investment volume since 2011, reports Clean Energy Pipeline, the online financial news and data service dedicated to the clean energy sector in a report released on 21 January. … [Read more...]
Eon sells Italian coal and gas power plants
Eon, Germany’s largest energy company, has decided to sell its Italian coal and gas generation assets to Czech energy company EnergetickĂ˝ a PrĹŻmyslovĂ˝ Holding (EPH). … [Read more...]
Wind industry shake-up as policy uncertainty drives 25% of suppliers out of business
More than 120 suppliers have collapsed or stayed out of the wind business in the past two years, including 88 from Asia, 23 from Europe and 18 from North America, as the result of a "prolonged market contraction". That is the major conclusion to come out of the 2015 edition of the annual Global Wind Supply Chain Update  published by FTI Consulting. … [Read more...]
Scientists: large fossil reserves must stay in ground
Christophe McGlade and Paul Ekins of the Institute for Sustainable Resources at University College London have published a paper in the scientific journal Nature presenting their research on "the carbon bubble" aka as "stranded assets". They come to alarming conclusions for fossil fuel producers: no new exploration should be undertaken anymore if climate change is to be contained. … [Read more...]
EU issues work plan for 2015 – with pared down priorities
The number one priority for Team Juncker is a €315-billion investment plan for Europe. Second, is “better regulation”. First Vice-President Frans Timmermans presented the European Commission’s 2015 work programme to MEPs in Strasbourg on 16 December. Energy Post looks at the new initiatives, scrapped initiatives and those that hang in the balance for energy and climate policy. … [Read more...]
Electric cars are booming in the Netherlands
Of all cars sold in the first three quarters of 2014 in the Netherlands, 4.3% were electric or hybrid cars. In the last quarter of 2013, the number was even higher: 15%. The main reason for these very high EV sales in the Netherlands is fiscal measures, says Roland Berger Strategy Consultants, who published the figures. … [Read more...]
Gazprom CEO Alexei Miller: “This is the beginning of the end of Gazprom’s business model in Europe”
Following last week’s announcement on the South Stream project cancellation, last Saturday (6/12) Gazprom CEO Alexei Miller gave an extensive interview to a major Russian TV channel, Russia 24. In his interview Mr Miller explains the reasons for abandoning South Stream, outlines Gazprom’s prospects of the new gas delivery route through Turkey and touches upon the project’s financial aspects. … [Read more...]
Russian-built new nuclear reactor gets go-ahead in Finland
The Finnish Parliament has today on 5 December voted 115 to 74 in favour of Fennovoima’s supplement to the Decision-in-Principle regarding the construction of a new nuclear power plant in Pyhäjoki, Finland. In a press release, the Finnish Parliament states: “The Finnish Government, the Commerce Committee of the Parliament and now the plenary session felt that in accordance with the Nuclear Energy Act, Fennovoima's project remains in the overall … [Read more...]
Eon’s new strategy: focus on renewables, distribution, customer solutions, get out of old power generation
Eon, the largest German energy company, will henceforth “focus on renewables, distribution networks, and customer solutions and combine its conventional generation, global energy trading, and exploration and production businesses in a new, independent company, a majority of which will be spun off to Eon SE’s shareholders. … [Read more...]
IEA: coal, nuclear, shale should be part of EU energy mix, Energy Union should not be buyers’ cartel
The European Union “has made progress in liberalising energy markets, and its global leadership on climate change is to be commended”, the International Energy Agency (IEA) said today as it released its review of EU energy policies. But the IEA also had criticisms to make. … [Read more...]
EU power system largely ready for winter, but only thanks to interconnections: ENTSO-E report
The Winter Outlook Report from ENTSO-E, Europe's electricity transmission system operators, shows that overall generation will be sufficient to cover demand this winter, even under severe conditions. However, the report notes that many countries will need imports to meet their demand. Risks due to generation shortages are identified for some countries, such as Belgium, and to a lesser extent Great Britain. The report also looks at the possibility … [Read more...]
Survey: utilities increasingly turn to social media
A new IDC Energy Insights study reveals that around two in every three European utilities use social media for business purposes or plan to do so in the short term, compared with 48% a year earlier. The study also highlights that further expansion in the social media space is one of the top 3 customer experience investment priorities that European utility suppliers are already involved in or expect to undertake in the next few months. Key … [Read more...]
What the Republican midterm election victory means for global climate policy
The US electorate has spoken. The Republican party yesterday won a majority in the US Senate, meaning the party controls both chambers of Congress for the first time since 2005. That's thrown the future of US climate policy into some doubt, as Republican voters and politicians are generally less concerned about the issue than their Democrat colleagues. … [Read more...]
Everything you always wanted to know about Russian gas supplies to Europe
There are various ways for Europe to reduce its “dependence” on Russian gas, but they all have their drawbacks, concludes a new report from the Oxford Institute for Energy Studies (OIES). The report makes it clear that the Russian-EU gas relationship has many intricacies that policymakers should be aware of when they develop new gas policies. … [Read more...]
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