India aims to build 1 terrawatt of global solar power – four times the current worldwide total – and become a 100% electric vehicle nation by 2030. Those are great ambitions, but they still far short from what is needed for a true energy transformation away from coal, writes Dénes Scala of Lancaster University. Courtesy of The Conversation. … [Read more...]
Why the future belongs to decentralised renewables, not centralised hydrogen and giga-scale nuclear
What the future of our energy system will look like continues to be a subject of heated debate. According to one well-established tradition, writes Professor John Mathews of Macquarie University in Australia, the route to decarbonisation will run via massive nuclear power systems to the hydrogen economy. But China and to some extent India are emerging as the principal practitioners of an alternative vision of energy growth, underpinning their … [Read more...]
IEA in the Age of Trump: policies will determine where we go from here
The most important message from the 2016 edition of the annual World Energy Outlook, the International Energy Agency’s (IEA) flagship publication released today, is that “policies will determine where we go from here”. “Paris” has given the international energy sector “a new sense of direction”, notes the IEA. But much stronger policies are needed to keep global warming limited to 2 degrees Celsius, it adds. Its message takes on extra importance … [Read more...]
Can Trump revive the US coal industry? Will he even benefit oil and gas?
The election of Donald Trump is likely to benefit the US oil and gas sector, though his stand on international trade could hurt economic growth and thereby oil demand, writes Gregory Brew, analyst at Oilrpice.comTrump has been positively exuberant about coal, but according to Brew it is by no means certain that he will able to revive the US coal industry. Article courtesy of Oilprice.com. … [Read more...]
Biofuels turn out to be a climate mistake
Biofuels are usually regarded as inherently carbon-neutral, but once all emissions associated with growing feedstock crops and manufacturing biofuel are factored in, they actually increase CO2 emissions rather than reducing them, writes John DeCicco of the University of Michigan. According to DeCicco, biofuels are actually more harmful to the climate than gasoline. Courtesy of The Conversation. … [Read more...]
Oil companies’ climate initiative lacks initiative
The Oil and Gas Climate Initiative (OGCI) formed by ten of the world’s largest oil companies including Shell, BP, Total, Statoil and Saudi Aramco, has announced it will spend $1 billion over the next ten years “to accelerate the development of innovative low-emission technologies”. According to Stuart Haszeldine, Professor of Carbon Capture and Storage, at the University of Edinburgh, this is “small change compared to the size of the problem. … [Read more...]
Peak car ownership will speed up peak oil demand
In a new report, the Rocky Mountain Institute makes the stunning prediction that car ownership will peak by 2020. New ownership models and technological advances such as driverless cars will utterly transform the mobility market, concludes Fereidoon Sioshansi, president of Menlo Energy Economics and publisher of the newsletter EEnergy Informer. The big casualty will be oil companies, which are still in denial. … [Read more...]
The Nordic countries on Nord Stream 2: between scepticism and neutrality
Sweden, Finland and Denmark are unlikely to block or slow down the procedures of issuing national approvals for the construction of Nord Stream 2, write Justyna Gotkowska and Piotr Szymaṅski of OSW, the Centre for Eastern Studies, in Poland. But according to the authors the Nordic countries do expect the European Commission to assess the compliance of Nord Stream 2 with the EU’s Third Energy Package. In addition, Stockholm and Copenhagen in … [Read more...]
Russia keeps expanding oil production despite low oil prices
Russian federal revenue from oil and natural gas production has declined significantly in response to low oil prices, reports the US Energy Information Administration (EIA). However, whereas western oil companies have slashed their spending, Russian oil and natural gas companies’ capital investment programs have been less affected, if at all. As a result, Russian oil production has hit a post-Soviet record high. Article courtesy of US EIA. … [Read more...]
Electric car revolution may drive oil ‘investor death spiral’
Advanced batteries could “tip the oil market from growth to contraction earlier than anticipated,” concludes credit rating agency Fitch in a new study. Bloomberg New Energy Finance (BNEF) has already told investors to expect the ‘big crash’ in oil by 2028 — and as early as 2023. Joseph Romm Joseph Romm, founding editor of the influential weblog Climate Progress, warns of the “investor death spiral” that may await the oil industry. Article … [Read more...]
Using clean cars as power plants: it can be done in the UAE
The combined engine capacity of the new cars we build in just one year is more than the entire electricity generation capacity in the world. If we power our cars with fuel cells, we can use them as clean power plants the 96% of the time we are not driving in them, generating all the electricity we need, at competitive costs, with zero emissions. Frank Wouters, Director of the EU-GCC Clean Energy Network, and Ad van Wijk, Professor Future Energy … [Read more...]
Who is afraid of Nord Stream 2?
Nord Stream 2, the new gas pipeline that Gazprom is planning to build from Russia through the Baltic Sea to Germany, has been criticised for reducing Europe’s diversification of energy sources and energy security. But according to Energy Post’s editor in chief Karel Beckman, the EU should welcome the pipeline, despite deteriorating relations with Russia. According to Beckman, Nord Stream 2 has a sound economic rationale behind it and the EU’s … [Read more...]
The delusion of cheap, safe shale gas extraction
The UK’s Communities Secretary Sajid Javid recently approved plans for fracking at Cuadrilla's Preston New Road site at Little Plumpton in Lancashire in what the BBC has called a “landmark decision”. For the first time, after many years of regulatory struggle and public debate, fracking may really start in the UK. Professors Alex Russell and Peter Strachan argue that the plans if they go ahead will result in environmental and economic disaster. … [Read more...]
The energy prescriptions of The Atlantic Council: “There’s a direction relation between climate change and geopolitics”
The implications of climate change targets not being met are massive migration, the potential for resource wars and “a further disintegrating of the international order”, according to Richard L. Morningstar, Founding Director and Chairman of the Global Energy Center and David Koranyi, Director of the Eurasian Energy Futures Initiative, both part of the Washington DC based think tank The Atlantic Council. Morningstar and Koranyi see a “direct … [Read more...]
Visions clash at World Energy Congress in Istanbul
The World Energy Council gave out a clear message at the World Energy Congress that took place this week in Istanbul: the world needs to move away from fossil fuels much faster than it is doing today. That contrasted sharply with the message given out by most of the high-level speakers from government and business at the Congress, who stressed that the world needs more oil and gas. Mohammad Barkindo, the new Secretary General of oil cartel OPEC … [Read more...]
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