India is the worldâs third largest electricity market and as a fast-growing economy can, according to the IEA, lead the recovery of global energy demand out of the pandemic for the coming decade. Kashish Shah at IEEFA runs through solarâs prospects in India, which hopes to build 450GW of renewable energy by 2030. Solar is getting cheaper. A 2GW auction in June delivered Indiaâs lowest-yet renewable energy tariff at US$31/MWh. That figure could … [Read more...]
WEO 2020 means updated price predictions to 2040: Oil, Gas, Coal, Renewables, Power
The combined effect of the global lockdown, more ambitious climate policies and the rise of renewables will have a significant effect on European power prices up to 2040, as well as the sales revenues of renewable energies. Carlos Perez-Linkenheil at Energy Brainpool uses their Power2Sim model to look at the data in the IEAâs latest World Energy Outlook 2020 and make quantitative forecasts. The pandemic has caused structural distortions to the … [Read more...]
Europe has enough Gas infrastructure. Why build more?
In early November a first vote is expected in the European Parliament on the Recovery & Resilience Facilityâs âŹ672.5bn budget. Esther Bollendorff at CAN Europe runs through the arguments against providing any funding for new gas infrastructure. She presents evidence to show that the EU is already oversupplied with gas import capacity, and all new fossil gas transmission projects have been rejected by the market since 2017. Solar and wind … [Read more...]
Why Autogas Could Help Us All Breathe More Easily
Since the COVID-19 crisis and subsequent lockdowns, many cities around the world experienced a marked improvement in urban air quality, but with traffic getting back to ânormalâ, air pollution is rebounding and, alongside the continued public health crisis, we are now facing an economic recession. Mobility is essential to securing jobs and getting the economy back on track, but it should not come at the expense of the environment. Filipa Rio, … [Read more...]
Europeâs 55% emissions cut by 2030: proposed target means even faster coal exit
The EC is proposing a target emissions reduction of 55% by 2030 compared to 1990 levels, instead of the previously agreed 40% (which the EU is on course to surpass). The main tool for achieving it will be the EU Emissions Trading System (ETS). Prices for allowances will rise, making coal increasingly uncompetitive. Sören Amelang, Kerstine Appunn and Julian Wettengel at CLEW talked to a number of experts who say the new target implies a near total … [Read more...]
MGA blocks can substitute for coal, preserving plants, grid connectivity and jobs
Rather than dismantle coal plants, why not create a clean fuel that can be used in the same plants, utilising the steam turbines, existing connections to the grid, and preserve jobs at the plant. MGA (miscibility gap alloy) is that fuel, say Erich Kisi and Alexander Post at the University of Newcastle, Australia who are behind the development of these blocks of material, 20cm x 20cm x 16cm, made of blended metals. They are heated up â using … [Read more...]
Gas oversupply and clean energyâs rise: now is the time to fast-track gas market reforms
Traditional monopolistic and oligopolistic gas markets artificially keep gas prices high, work against competition and efficiency, and have no place in the modern world, say Jean-Baptiste Dubreuil, Gergely Molnar and Songho Jeon at the IEA. They calculate that gas market reforms in the EU, begun in the mid 1990s, saved the bloc $15bn in 2019. But it typically takes 20 years for such a market to be properly established. The authors explain that … [Read more...]
Anna Zalewska MEP Q and A: “We cannot drop coal from our energy mix in a decade”
Over the past twelve months Energy Post has provided readers with two well-attended panels (Modernisation Fund, Just Transition Fund), sponsored by PGE Poland, focussing on EU mechanisms and policies designed to support countries like Poland (plus other carbon-intensive and/or lower-gdp Member States) with their decarbonisation strategy. Today, Anna Zalewska MEP (ECRG and member of the ENVI committee of the European Parliament) makes use of … [Read more...]
Global Coal Database: Covid lockdown may accelerate phase-out
E3G has created a database to track coalâs phase-out across the globe. Though much has been achieved, dating back to 2010, itâs still not on target. Chris Littlecott and Leo Roberts at E3G look at the data from different territories. The OECD and EU28 have made very good progress: 71% of these countries are pursuing coal phase-out, with 58% on track to be coal free by 2030. The article points at successes in the US, the UK, Spain and Germany … [Read more...]
Three U.S. utilities to skip the gas âbridgeâ, move straight from coal to renewables
At the end of June, utilities in three U.S. states declared they are closing down coal plants and moving straight to renewables, without building new gas plants as a âbridgeâ fuel. For example, to replace lost coal capacity, Tucson Electric Power in Arizona will add 2,457MW of new wind and solar generation, backed up with 1,400MW of battery storage. Similar commitments are being made by other utilities in Colorado and Florida. New Mexico is … [Read more...]
Ukraineâs integration into the EU gas market is a positive lesson for the region
Ukraine is shaping its gas infrastructure and regulations to integrate into the EU market. On the infrastructure front, its interconnectors with neighbours, extensive pipeline network and storage facilities are making it an increasingly important European player, explains Aura Sabadus writing for the Atlantic Council. The gradual opening up to EU free market rules are evidenced by its gas prices following those of the EU. Ukraine's attractive … [Read more...]
Imported U.S. LNG: whatâs its true climate footprint?
Importing LNG from the U.S., to replace coal, makes sense for Europe only if the total emissions including those throughout the chain of production are lower than the alternatives. Julian Wettengel at CLEW looks at reports that say the total methane emissions from the worldâs largest oil and gas field â the Permian Basin in West Texas â are particularly high and may push it over that threshold. Flaring, venting and leakage are the main cause. … [Read more...]
Allam Cycle carbon capture gas plants: 11% more efficient, all CO2 captured
Globally, carbon capture is making precious little progress. Is the Allam Cycle natural gas power plant an important step forward? David Yellen at the Atlantic Council Global Energy Center explains that, according to its designers, its energy conversion efficiency is 59%, 11% more than a standard combined-cycle gas turbine plant thatâs carbon capture-equipped. It also captures 100% of the CO2, 10% more than the standard. NET Power plans to bring … [Read more...]
IEA projections 2020: energy demand plunges but Renewables still grow at Gas, Coalâs expense
The IEA has made its projections for the impact of the pandemic lockdown on energy demand in 2020 (they say itâs too early for them to assess anything more long term), and its implications for the different generation types. This article summarises their special Global Energy Review 2020, published at the end of last week. It assumes that lockdowns are eased this year and growth gradually returns. With that, global energy demand will fall 6% in … [Read more...]
Coal exit saves money when public health, land degradation costs added – analysis
Coal is cheap. In countries historically reliant on it, as well as emerging economies still building plants, switching to cleaner energy just doesnât seem to add up. Thatâs when youâre only looking at your national energy system costs. But the externality costs of air pollution, public health and a degraded local environment are rarely factored in to the equation. When they are, explains Sebastian Rauner writing for Carbon Brief, abandoning coal … [Read more...]
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