No new targets, gas is in, jobs and growth are key: the EU is designing a new climate and energy strategy for the coming decades that must reflect a new EU identity post-Brexit â and must drive economic opportunity to ensure it is âpopulism-proofâ. … [Read more...]
No plans to phase out coal in Romania, despite diverse energy mix
Coal accounts for about a quarter of energy produced in Romania, which is a net electricity exporter. Compared to countries like Poland where coal dependency is much higher, discussions about a coal phaseout could be more advanced. Why arenât they? asks Claudia Ciobanu. Article courtesy of Just Transition. … [Read more...]
The carbon floor price â a hammer in need of a toolbox
Carbon pricing is often regarded as the Holy Grail of climate policy. But according to Richard Cowart, Principal at the Regulatory Assistance Project (RAP), carbon prices cannot be a stand-alone solution. They have limited reach and â especially in electricity -- can be expensive for consumers. Nor are high carbon floor prices a magical solution: they donât reduce the surplus of allowances and may not even reduce emissions. According to Cowart, … [Read more...]
The Electric Power Struggle
The world is undergoing a dramatic electricity transition, and the global struggle for power over this transformed electric system is set to profoundly shape our future, argues Walt Patterson, Associate Fellow in the Energy, Environment and Resource Department of Chatham House in London. According to Patterson, politics, not economics, will determine the outcome of this struggle. Article courtesy Hoffmann Centre for Sustainable Resource Economy. … [Read more...]
Energy Community sets stage for clean energy transition in South-East Europe
While the European Union has been busy with the new Clean Energy Package and discussing full decarbonisation by 2050, some important developments are also taking place in its closest neighborhood - in South-East Europe, where the Energy Community Treaty operates. Journalist and energy expert Oleg Savitsky attended the  Energy Community Sustainability Forum in June and explains how policymakers are trying to transform the energy markets of the … [Read more...]
How rapidly can we transition to 100% renewable electricity?
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...]
Sanctions or self-sabotage? The story of Iranâs oil industry
In the 2.5 years between the end of international sanctions and the reimposition of US sanctions this May, Iran accomplished very little in terms of revitalizing its oil industry, writes Ellen Wald of Jacksonville University. Fighting between pro- and anti-western groups prevented all attempts to attract foreign investment. Courtesy: the EnergySource blog of the Atlantic Council. … [Read more...]
The irony of Italyâs election for energy
Should the Italian government decide to halt the Trans Adriatic Pipeline (TAP), the last leg of the Southern Gas Corridor - meant to reduce the EU's dependence on Russia - may be in jeopardy, writes John Roberts, a senior fellow with the Atlantic Council Global Energy Center. Ironically, the Russians may want to save the project, according to Roberts. Courtesy: the EnergySource blog of the Atlantic Council. … [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...]
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