By 2030, the EU must cut its emissions by at least 55% compared to 1990 levels. Agreeing on the target was hard enough. Much harder will be agreeing on the design of the rules, regulations and financial support needed to achieve it. Pieter de Pous at E3G scopes out the major decline already experienced by coal - the worst emitting energy source - before looking at the challenges faced by heavy coal users in Central and Eastern Europe (CEE). The … [Read more...]
“The Role of the EU ETS in Decarbonisation to 2030” [written summary of the panel discussion]
![“The Role of the EU ETS in Decarbonisation to 2030” [written summary of the panel discussion]](https://energypost.eu/wp-content/uploads/2021/03/BANNER-PGE-ETS-Mar-2021-500px-150x99.jpg)
Here you can read a summary of the online discussion from March 19th 2021 on the current debate over the review of the EU ETS. The full video is available here. Of primary concern for fossil-dependent lower income nations is the carbon price rising so high that it reduces available budget for investment in clean energy. If that happens there’s clearly a problem. The counter argument is that there are other funding mechanisms available, and more … [Read more...]
“The Role of the EU ETS in Decarbonisation to 2030” [Energy Post event video]
Here you can watch our video of the online discussion from March 19th 2021 on the current debate over the review of the EU ETS. Of primary concern for fossil-dependent lower income nations is the carbon price rising so high that it reduces available budget for investment in clean energy. If that happens there’s clearly a problem. The counter argument is that there are other funding mechanisms available, and more than one pathway for successful … [Read more...]
Netherlands: gas phase-out transition must tackle the geopolitical implications of importing from Russia
Until recently, the Netherlands has had no major concerns regarding natural gas security of supply. That’s just as well, given gas plays a big role primarily in the generation of heat: 90% of buildings and 40-50% of industrial heat are based on gas. Now, decarbonisation plans to cut its own gas production as well as consumption brings with it major dilemmas. Irina Patrahau and Lucia van Geuns at The Hague Centre for Strategic Studies present a … [Read more...]
An EU ETS that lifts carbon prices too high can make clean energy transitions harder
This coming Friday 19th March, 11.00 to 12.30 CET, we have an online panel discussion plus audience Q&A on "The Role of the EU ETS in Decarbonisation to 2030". All are invited. We will dig into how the EU ETS is being shaped to ensure it meets its primary objective, the decarbonisation of Europe. To help set it up, Wanda Buk, Vice-President for Regulatory Affairs at PGE Group answers questions that are being asked of Poland’s position and its … [Read more...]
Are Regulations and Climate Activism the main driver for coal exits, not Gas and Renewables prices?
It’s widely thought in the media and politics that market forces are now the primary driver for the demise of coal: mainly natural gas prices, and the rising adoption and competitiveness of wind and solar. However, David Drake and Jeffrey York at the University of Colorado Boulder present their research from the U.S. that suggests the two main drivers are federal policy and climate activism. They studied the retirement of 348 coal-fired units … [Read more...]
“The Role of Gas” in Europe and China: EVENT VIDEO on security of supply, gas to power, competitive markets & renewable gases
We present the videos of the second of our three, 4-session workshops on the opportunities for European energy solutions providers to take part in China's energy transition. In this workshop, held in February, we looked at gas. Demand in China is expected to keep growing. That’s because China doesn’t just need to replace coal, it simply needs more energy. Europe’s gas sector has decades of relevant experience, technology, policy, planning and … [Read more...]
Five practical steps Oil & Gas can take to accelerate their energy transition
The Oil & Gas sector has a role to play in the energy transition, and not just by winding down operations. That’s because they will, by most projections, continue to be a major part of the energy mix through to 2050. But their activities must transition too, explain Bart Valkhof, Pedro Gabriel Gomez Pensado and Wan Sayuti at the World Economic Forum. The sector must therefore work out which strategies and investments can produce the lowest … [Read more...]
Coal Phase-Out in Central Europe: cooperation is better than law suits
On Monday (February 22nd 2021) the Czech government announced their intention to file a lawsuit in the EU Court of Justice against Poland’s plan to “expand the mining” at Turow, saying it can endanger the drinking water for up to 30,000 people living in the Liberec Region. Frank Umbach at EUCERS argues such a lawsuit sets a dangerous precedent that could stand in the way of regional cooperation and achieving the EU’s climate goals. Instead, the … [Read more...]
Low gasoline prices create a window for tax changes to fund energy transitions
Low crude oil and gasoline prices create an opportunity for all governments to reform the way they tax or subsidise these important fuels. In general, richer importing nations have high gasoline taxes to generate substantial revenues. Poorer nations subsidise them to cut the bill for their citizens and industries. Oil producing nations do little of either. Domenico Lattanzio and Alexandre Bizeul at the IEA explain how nations that use subsidies … [Read more...]
EU Taxonomy: Gas as a transition fuel needs Green Deal support too
PGE Group is Poland's largest energy company. Its transformation plan targets a 50% share from renewable generation and an 85% reduction in CO2 emissions by 2030. By 2050 it intends to have net zero CO2 emissions and provide 100% green energy to its customers. As with all nations around the world, and certainly in the EU, successful transitions depend on capital flows to the right sectors, signposted by policies and support. What does and does … [Read more...]
How Biden can start to find a compromise on Nord Stream 2
The Trump administration and the U.S. Congress threatened sanctions on European companies helping to build the Nord Stream 2 gas pipeline, and that is still the current position of the new U.S. government. To end the deadlock, president Biden needs to change the tone of the debate and focus on the true interests of the affected parties, explains Nikos Tsafos at the Center for Strategic and International Studies (CSIS). He summarises those … [Read more...]
Oil’s decline will weaken its political influence
2020 was another bad year for the oil and gas industry. The pandemic made it worse but it was not the cause: a decline has been going on for a long time. Energy firms in the S&P 500 (overwhelmingly oil and gas) make up 2.3% of the total value, down from 16% just over a decade ago, and 30% forty years ago. Clark Williams-Derry and Tom Sanzillo at IEEFA explain why, how and what the likely consequences are for oil firms. For many years it’s … [Read more...]
Asia’s record Gas prices expose the need for faster market reform
After record lows in mid-2020, Asian spot prices for LNG rose tenfold to reach record highs in January 2021. This volatility is an obstacle to the development of the gas infrastructure that’s essential to the region where demand for gas is growing, explain Jean-Baptiste Dubreuil and Gergely Molnar at the IEA. There were multiple causes for the price spike, including the cold winter, limits to nuclear and coal generation, and outages at regional … [Read more...]
How to create four major regional Gas hubs in Russia
Kamil Sobczak at the Russian Gas Society has co-authored a report, “Opportunities and prospects for the development of gas hubs in Russia”, which he summarises here. It scopes out what is needed to create four major gas hubs in the Far East, North West, Central and Southern Russia. The plan will help develop and modernise Russia’s gas sector as well as increase exports. Transparency in prices and transaction volumes will be essential to create … [Read more...]
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