Science tells us that, to avoid devastating climate change, we must rapidly cut greenhouse gas emissions to zero. How fast is possible, asks Mark Diesendorf  of the Cooperative Research Centre for Low Carbon at the University of New South Wales (UNSW) in Australia. He believes the sceptics may be wrong. … [Read more...]
The ice beneath the EU-China climate bonhomie
When it comes to clean technology, German chancellor Angela Merkel views China no longer as a developing country but a competitor, writes Karl Mathiesen of Climate Home News. From a European perspective, China is joining the club of industrialised countries, competing for their markets, and should be treated as such. Courtesy Climate Home News. … [Read more...]
Trying to make sense of the RWE/EON utility dealâŚ
There is economic and financial market rationale behind the recent deal between E.ON. and RWE, writes financial energy specialist Gerard Reid. From a strategic perspective, however, the decision will impact customers negatively, and will be bad for the long-term sustainability of both companies, Reid argues. Courtesy Energy and Carbon blog. … [Read more...]
Exclusive interview Mark Gainsborough, head Shell New Energies: âWe are further along than people realizeâ
With a string of new investments and acquisitions in the past year (you can find a unique overview further on in this article!), Shell has quietly stepped up the pace of its transition from an oil and gas company into an energy company. âWe are further along than people realizeâ, says Mark Gainsborough, Executive Vice-President of Shell New Energies, in an exclusive interview with Energy Post. According to Gainsborough, there is a âshift in … [Read more...]
Ukraineâs power sector is set for a major transition
As the pillars of Ukraineâs power sector â coal and nuclear â are shaking, the country is on the point of a major energy transformation, writes Oleg Savitsky, climate and energy policy expert and journalist. But some crucial steps still need to be taken to make it possible. … [Read more...]
Polandâs largest utility, PGE, faced with growing risks from transition
The financial stability of PGE, Polandâs largest utility, could be undermined if it sticks with its current fossil fuel-heavy generation profile, writes Gerard Wynn. In a new report for the Institute for Energy Economics and Financial Analysis (IEEFA), Wynn concludes that the company could be hit hard by increasing carbon prices and tougher air pollution rules if it does not shift away from coal. … [Read more...]
How gas and oil companies are starting to look like the Yellow Pages (remember those?)
The parallels between what happened to the Yellow Pages business and whatâs happening to the fossil fuel industry today are striking, writes Kathy Hipple, financial analyst at IEEFA (Institute for Energy Economics and Financial Analysis). The oil and gas industry may not collapse as rapidly as the Yellow Pages did, it will go the way of the shrinking coal industry unless it learns from the failure of the Yellow Pages to adapt. Courtesy: IEEFA … [Read more...]
Uneconomic coal could be squeezed out of European Union power markets by 2030
Coalâs time is running out in Europe: deteriorating economics and stronger climate policies will soon make coal uneconomic, writes Silvio Marcacci of think tank Energy Innovation. Many European countries have already set an end date for coal power, utilities and investors are shifting away from it. The question is not if coal will lose, but when, and how well-managed its exit will be. … [Read more...]
Europe needs a fresh approach to climate strategy
The EU needs a new approach to long-term climate strategy to ensure that EU climate policy is brought in line with the goals of Paris and takes into account recent technological and political changes, write Andrei Marcu of the International Centre for Trade and Sustainable Development (ICTSD) and Georg Zachmann of think tank Bruegel. According to Marcu and Zachmann, climate policy can only succeed if it does not come out of a bureaucratic âblack … [Read more...]
Decarbonising heavy industry can’t be done without large-scale CCS effort
The decarbonisation will require a profound transformation, writes David Hone, Chief Climate Change Advisor at Shell. Shellâs Sky climate scenario shows it can't be done without large-scale carbon capture and storage (CCS). A new initiative should boost progress on CCS. … [Read more...]
Electric buses can save local governments billions – China’s showing how it’s done
New York, Los Angeles, San Francisco - America's largest cities are switching their entire bus fleets from diesel to electric. They will save money in the long run, but how to overcome upfront financing hurdles? According to Silvio Marcacci of think tank Energy Innovation, Shenzhen in China, which has the world's first 100% all-electric bus fleet, provides useful lessons. Â … [Read more...]
A common goal for all sustainability advocates
Nothing is better for fossil fuel interests than current government policies supporting wind, solar and electric cars, writes independent researcher Schalk Cloete. These green technologies won't reduce fossil fuel consumption sufficiently for a long time to come, so the fossil fuel sector will be able to survive that much longer. In the third and last part of a series on green technology-forcing, Cloete calls on all sustainability advocates to … [Read more...]
If solar panels are so clean, why do they produce so much toxic waste?
The disposal of used solar panels is a huge and growing problem that is not being sufficiently addressed, writes Michael Shellenberger, founder of the pro-nuclear citizens movement Environmental Progress (EP). He argues that a fee should be imposed on solar panels which should go into a fund to pay for recyling and clean-up. … [Read more...]
Planned Kosovo lignite power plant fails to commit to cleaner technologies
London-listed, global energy investor ContourGlobal portrays its plans for a new coal power plant in Kosovo as a step towards cleaner air, but its legal agreement with the government shows that it fails to commit to best-in-class environmental performance, writes energy finance consultant Gerard Wynn. Courtesy Energy and Carbon blog. … [Read more...]
Big Oil pivots to electricity, Total leads the way
Most big oil companies are considering how they can change their focus from oil to gas and renewables. Leading the way is French oil major Total, writes Fereidoon Sioshansi, publisher of newsletter EEnergy Informer. … [Read more...]
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