In 2018, 80% of India’s total energy lending went to renewables. Coal got the rest, a major fall compared to 2017. No wonder, given coal plants have been running at below 60% utilisation for two years with the operators suffering huge losses. Renewables are now undercutting coal and getting cheaper. And shortages in water – needed for plant cooling – just add to their woes. Vibhuti Garg at IEEFA catalogues the problems, then describes the … [Read more...]
Women facing barriers in the renewables workforce
Gender discrimination always matters. It should matter even more to the new green economy. Justice aside, barriers against half the workforce limit your talent pool. For a sector where "business as usual" guarantees failure we need to ensure the fairest selection processes from the widest possible pool as new jobs are created every day. But today’s energy sector has a bigger role to play. Energy is now arguably the 21st century’s “sector of … [Read more...]
Will the German Climate Protection Programme 2030 miss its own targets?
On Friday, 20 September, the German Climate Cabinet agreed on the guidelines for German climate policy for the coming decade, set against the backdrop of EU targets. The core topic was additional CO2-pricing in the mobility and heating sectors. From 2021 a CO2-price of €10/ton will apply to the German transport and buildings sectors. The price will rise to €35/ton until 2025. But Simon Göss says the national emission trading system and new … [Read more...]
Calculating the effect of $50/tonne CO2 on energy prices
Despite much debate, governments are hesitant to raise – or even impose – carbon pricing, worried about the direct impact it will have on businesses and consumers.To help understand its effect Severin Borenstein at the Energy Institute at Haas has crunched the numbers of a $50/tonne CO2 price, very expensive by today’s standards. He’s calculated the actual price increases on a gallon of petrol/gasoline, gas- and coal-fired generation, and natural … [Read more...]
Rising green taxes: making them acceptable to all
Environmental taxes hurt low-income households the most because they spend a much higher proportion of their income on heating oil, natural gas, and electricity. It’s why Spain has low green taxes, far below the EU average. Mark Dwortzan at MIT explains how researchers from the U.S., Germany and Spain teamed up to show that low-income households can benefit from environmental taxes provided those tax revenues are carefully redistributed in their … [Read more...]
Energy security v Transition in Algeria, Egypt, Morocco, Turkey
Like most developing countries, the challenge of growing economies, increasing population and rapid urbanisation puts energy security above emissions reductions. So it is for Algeria, Egypt, Morocco and Turkey, says Duygu Sever in her report for IFRI Centre for Energy & Climate. In this article she explains that all four countries nevertheless have high renewables deployment potential, and have already embraced wind and solar. To accelerate … [Read more...]
UN Climate Summit seeks NDCs, LTSs with deep sectoral changes
To pile on the pressure over climate negotiations, the UN Secretary General Antonio Guterres is convening a special Climate Action Summit, starting today. Nations are being pressed to accelerate their ambitions and back them up with concrete and realistic plans. The summit will be focussed on six ‘action areas’: energy transition; industry transition; infrastructure, cities and local action; nature-based solutions; resilience and adaptation; … [Read more...]
UN climate summit: which nations are leading, which failing
Ahead of the UN climate summit in New York on September 23rd, where countries are expected to set themselves more ambitious targets and roadmaps than they did in Paris in 2015, Bill Hare of Climate Analytics looks at the emissions league table. There are some surprises at the top: Ethiopia, Morocco and India, though he points out being at the top can still be a long way from doing enough to meet the 1.5℃ goal. At the bottom are Australia, the … [Read more...]
An independent Global Energy Forecast to 2050, to compare with the IEA’s WEO 2019
Schalk Cloete is creating his own Global Energy Forecast to 2050. He wants to see how his own independent analysis will match up with the next IEA World Energy Outlook, due in November. And so do we. Rich with data, his major predictions include a global policy shift from technology-forcing to technology-neutrality shortly before 2030, driven by growing worldwide acceptance of the severity of climate change. The exhaustion of the 1.5°C and, … [Read more...]
Why coordinated Dutch-German climate action is critical for Europe
Both the Netherlands and Germany are about to propose major new national climate measures. If the proposals become law, they will enforce some of the most stringent national targets for GHG reductions in the world. It’s why, on 22 August, Dutch Prime Minister Mark Rutte will host a meeting with German Chancellor Angela Merkel and her ‘climate cabinet’. Coordinated Dutch-German climate action can make these neighbouring countries role models for … [Read more...]
NDC reporting: making the Paris Agreement Transparency Framework work
For the system of Nationally Determined Contributions (NDCs) to be effective, every country’s reporting processes need to be appropriate to their economic level, honest and accurate. That means the Paris Agreement’s Transparency Framework, including the Common Reporting Tables (CRT) for greenhouse gas inventories, and Common Tabular Formats (CTF) to track progress on their NDCs, needs to be finalised and agreed upon, and fast, says the IDDRI’s … [Read more...]
EU ETS Modernisation Fund: putting the wind in the sails of the Transition
Transforming the power system to reach climate neutrality by 2050 will cost approximately €100bn per year according to Eurelectric. In recognition of the different starting points for Member States, the European Commission has introduced the new EU ETS Modernisation Fund (MF) which could be worth as much as €25bn* to the beneficiaries between 2021 and 2030. According to Monika Morawiecka, CEO of PGE Baltica, offshore wind already makes business … [Read more...]
GDP – Gross Environmental Damage = actual wealth creation
We all know that GDP measures everything that’s been paid for, both the good and the bad. There have already been studies that try to account for the “bad” GDP that costs us in the long run and so adds less value than stated. Catherine Wolfram, at the Haas School of Business, takes a thoughtful look at Gross Environmental Damage which separates out the kind of GDP that we’re going to have to spend money cleaning up in the future. The GED concept … [Read more...]
Time for tech-neutral incentives if renewables growth won’t stop climate change?
In 2018 energy use grew 2.9% and emissions 2%. That means renewables are not keeping up with energy’s growth: it will need a four-fold increase in wind and solar’s growth to do so, says Schalk Cloete. There’s more: to cut global CO2 emissions by the 3% per year we need to meet the Paris goals wind and solar growth rates must increase by over an order of magnitude. He reviews the evidence and concludes that current technology-forcing policies – … [Read more...]
Member States must decide: cash for climate or cash for carbon?
Over 3 billion euros of EU money meant for Europe’s poorer regions could be up for grabs by the fossil fuel industry if EU Member States do not change their current position on 25 June. The funding, which is part of the 374 billion Euro ‘Cohesion Policy’ pot, was - in the European Commission’s proposal - meant to go to sustainable economic activities. Yet if EU Member States get their way, a significant portion of the funding would be made … [Read more...]
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