German Chancellor Olaf Scholz has suspended the certification of Nord Stream 2, the gas pipeline for importing gas from Russia, already built and waiting for approval for the taps to be turned on. The analysis of Germanyâs security of supply, a key element of the certification, has been withdrawn and must now be reassessed. Opponents of Nord Stream 2 have always argued that â gas emissions apart â the threat of Russia reducing supply to exert … [Read more...]
Carbon Taxes have a multiplier effect on clean energy policies
President Bidenâs Build Back Better package has already had to be cut back drastically. The climate part of the package is to halve the U.S.âs greenhouse gas pollution from its peak by 2030. Given the limitations on what Biden can do, will tax credits alone (favouring low-carbon solutions) achieve the target, asks Meredith Fowlie at the Energy Institute at Haas. She reviews papers that say it almost certainly wonât. However, the addition of a … [Read more...]
EU Taxonomy: labelling Gas âgreenâ is a gift to Putin
Many of todayâs clean energy technologies were given their first boost in the wake of the 1973 oil crisis, explains William Todts at T&E. He now hopes the current confrontation between NATO and Russia over Ukraine will shake up and deepen Europeâs commitment to the energy transition. But entirely the wrong signal was sent over the New Year, says Todts. He describes the European Commissionâs inclusion of gas in the EU Taxonomy for sustainable … [Read more...]
Where can Europe get its Gas if Russia cuts off supplies?
What impact will the confrontation between Russia and NATO over Ukraine have on Europeâs energy security? Russia provides nearly half of Europeâs natural gas, and Moscow could tighten the flow if hostilities break out. If that happens, where would Europe get its gas from? Amy Jaffe at Tufts University looks at the constraints on global LNG supply (mainly liquification and regasification capacity), the global ability to redirect shipments to … [Read more...]
EU Taxonomy: why nations are backing Nuclear and Gas
The heated debates over the potential inclusion of nuclear power and natural gas in the EU taxonomy has again exposed the different interests of EU nations. Simon Göss at cr.hub, writing for Energy Brainpool, explains what parameters the EU taxonomy controls, what conditions are attached should the two technologies be classified as sustainable, as well as summarising those national interests and constraints. Critics say neither should be … [Read more...]
New York City to stop new buildings connecting to the Gas network
New York City is the U.S.âs largest metropolis, over twice the size of second spot Los Angeles, and is still growing. It has just passed a bill that effectively stops new buildings from hooking up to the gas network. The significance is not simply because of NYCâs global prominence, but because it gets very cold in winter with average temperatures just above freezing point. The move is a major win for the electrification of buildings. The … [Read more...]
U.S. shale production is rising. But by how much more, and how fast?
The dramatic increase in gas and electricity prices worldwide has raised concerns about energy security. It why U.S. shale production is rising. But by how much more, and how fast? Ben Cahill at CSIS looks at lessons learned over the last ten years by the sector to understand the drivers. Previously, shale firms grew so fast that many investors lost a lot of money. Then, the 2020 oil shock imposed discipline and firms preserved cash, but that … [Read more...]
Gas Crunch: time to factor in volatility and externalities to reveal its true costs
The current gas price shock (and any future ones) raises the question: if we had invested more in renewables, efficiency, buildings renovation, and green gases, would we be actually saving money instead of losing it? Looking at the EU, Dolf Gielen, Michael Taylor and Barbara Jinks at IRENA urge governments to do something theyâve not done before and factor in the negative impacts of volatile fossil fuel prices. Moreover, they should calculate the … [Read more...]
The Gas Crunch: EU and China can share lessons on Energy Security and Renewables Integration
With adversity comes opportunity. The global gas crunch has hurt countries around the world but has also made them appreciate their common concerns. That has provoked policy-makers to take a serious look at current and future energy security policies. In the EU the competitive gas markets, enabled by short-term spot markets, has reminded us of the value of long-term contracts when prices are volatile and rising. Meanwhile, Chinaâs … [Read more...]
Turkey: when electricity price ceilings amplify the pain of gas spikes and currency falls
Turkeyâs rules for an electricity price ceiling may be well intentioned, but they are creating a price ladder that is causing those prices to rise too fast and too much, say Fuat OÄuz at Ankara Yıldırım Beyazit University and ĂaÄrı Peker at the Energy Market Regulatory Authority, Turkey. When market participants are allowed to sell and buy electricity at distorted prices the effects of external shocks are amplified artificially. The main shocks … [Read more...]
Yamal-Europe gas pipeline shows how EU competition rules backfire during a shortage
Europeâs gas deficit has concentrated minds on the Yamal-Europe gas pipeline which runs from Russia to Germany via Belarus and Poland, built in the 1990s. Andrei Belyi at the University of Eastern Finland explains how the rules for booking capacity worked well during times when gas was in plentiful supply, but now works against Europeâs gas security since the shortages emerged in September. The rules are designed to maximise competition between … [Read more...]
Using captured Methane to make all the worldâs fishmeal: a profitable revenue stream?
If the cost of capturing methane (or CO2, or anything) can be folded into the cost of making something that can be sold at a profit, methane capture will take off. Rob Jordan at the Stanford Woods Institute for the Environment explains how research there shows captured methane can be turned into fishmeal at the same price as commercial fishmeal. In some cases it can be done much more cheaply. Commercial fishmeal, used to feed farmed fish, is … [Read more...]
How to incentivise âdifferentiatedâ low-methane-emissions Gas
Cutting methane emissions from gas production is a major part of the worldâs strategy to limit temperature rises. The IEA says we need a 77% drop in methane emissions by 2030. The question is how to target and enact globally the required incentives and regulations that favour âdifferentiatedâ low-methane-emissions gas. Regulating international trade sounds like a great starting point, as an importer like the EU can twist the arm of anyone who … [Read more...]
Fulfilling the Global Methane Pledge: âpolluter paysâ, more electrification, less gas
At COP26 the U.S. and the EU led a global pledge to slash methane emission by 30% by 2030. Methane makes up at least one-quarter of all greenhouse gases, and is more than 80 times more damaging than CO2 over a 20-year period. Success in cutting these emissions would be a major step towards meeting our 1.5°C goals. But far from declining, 2020 saw methane emissions grow at the fastest rate in 40 years. The increased use of natural gas (mostly made … [Read more...]
PET: a toolkit to make existing Coal plants more efficient
Many nations are struggling to phase out coal. Some, like China, are heavily dependent on it, and have more plants in the pipeline to ensure energy security and keep prices low. In other words, a lot of coal will remain in operation for the medium term. Given that, it makes sense to make them more efficient while they are in use. Daisy Chi at ECECP looks at a new set of tools â the Plant Efficiency Toolbox (PET) - that can analyse and optimise a … [Read more...]
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