Germany’s  coalition partners have concluded a treaty that may set a final deadline for coal-fired power production in Germany, Clean Energy Wire reports. A commission will decide the timeline for phasing out coal, under a coalition deal agreed between the social democrats and Angela Merkel’s conservatives. … [Read more...]
Europe’s biggest fossil fuel project gets €1.5bn public loan
The European Investment Bank has approved a loan to the Southern Gas Corridor, in a move environmentalists described as a “historical mistake”, writes Karl Mathiesen of Climate Home News. The move brings the total public backing for Europe's biggest fossil fuel project to $3.5 billion. Courtesy Climate Home News. … [Read more...]
New German government adopts coal phase-out in all but name
The coalition accord between Angela Merkel and Martin Schulz includes an increase in the renewables target in the electricity mix from 50% to 65% by 2030. Jon Berntsen and Anders Nordeng of Thomson Reuters Point Carbon have analysed how this will impact the German energy sector and conclude that it is a coal phaseout policy in all but name. … [Read more...]
Eon chief puts carbon tax back on the agenda [Energy Post Weekly]
As the EU institutions wrap up a climate policy framework for 2030, the CEO of one of Europe’s biggest energy companies has issued a fresh call for a carbon tax for the transport and heating sectors as well as a carbon floor price for the industry and power sectors. What is more, Johannes Teyssen, CEO of German utility Eon, says the European Commission has done all it can to push climate policy – now it’s the turn of the Member States – Germany … [Read more...]
French people support energy transition (more than nuclear power)
France is at a crossroads, writes Jules Hebert, program coordinator at the Heinrich Böll Foundation office in Paris. It can pursue a renewed nuclear model – or follow the German example and invest massively in renewable energy. It is often said that the French people support the nuclear path, notes Hebert – but a recent survey comes to a different conclusion. Article courtesy Energy Transition/Global Energiewende. … [Read more...]
Emissions reductions from carbon pricing can be big, quick and cheap
The UK carbon tax on fuel for power generation provides the most clear-cut example anywhere in the world of large scale emissions reductions from carbon pricing, writes climate change economist Adam Whitmore. These reductions have been achieved by a price that, while higher than in the EU ETS, remains moderate or low against a range of other markers, including other carbon taxes. … [Read more...]
The climate solution no one in Davos will be talking about
Economists say a global carbon tax would efficiently shift the world to safer energy production. So why is it barely mentioned, ask Ian Lefond and Timmons Roberts of Brown University? Article courtesy of Climate Home News. … [Read more...]
Time for German network operators to come clean about tariffs
Network tariffs are an important part of energy costs for consumers, yet, surprisingly, the way these fees are established in Germany is completely opaque, writes Andreas Jahn, Berlin-based Senior Associate at global energy policy advisors Regulatory Assistance Project (RAP). According to Jahn, it is unclear how network operators and the regulator calculate costs and how they are allocated to customers. He calls on the German government—and on … [Read more...]
New NASA study underscores urgency of solving the global methane problem
A new NASA study suggests methane emissions from fossil fuels may be responsible for half of the recent rise in global atmospheric methane concentrations, writes David Lyon of EDF Energy Exchange. He adds that reducing worldwide emissions of methane by the oil and gas industry would have no net cost and would have the same impact as closing all coal plants in China. … [Read more...]
Will China’s Belt and Road Initiative help or hinder clean energy?
China’s Belt and Road Initiative, the broad infrastructure and market-building initiative of the world’s second-largest economy, has a different feel than trade agreements initiated in the West – and it could have major implications for the future of energy across many parts of the world, writes Sonia Aggarwal, Vice President of think tank Energy Innovation, and Director of America’s Power Plan. … [Read more...]
China just launched the world’s largest carbon market. Here are 3 ways it can succeed
On December 19, China formally launched its national carbon market. By setting a carbon price on the country’s largest greenhouse-gas emitters, China has launched a new, crucial endeavor in its efforts to tackle pollution and climate change, write Hal Harvey and Hu Min of the San Francisco-based think tank Energy Innovation. … [Read more...]
The quiet power market transformation behind the new carbon market in China
In December, the Chinese government announced the launch of a national carbon emissions trading scheme (ETS), which is expected to become the largest ETS in the world. This is a major development, writes Max Dupuy, senior associate at the Regulatory Assistance Project (RAP), but its success depends on an even deeper power sector transformation that is taking place in China, which gets much less attention. This reform effort promises to completely … [Read more...]
Exclusive interview Maros Šefčovič: Energy Union is “deepest transformation of energy systems since Industrial Revolution”
Before the next European elections in 2019, Maroš Ĺ efÄŤoviÄŤ , the European Commission’s Vice-President for the Energy Union, wants to have a new legal framework in place which will “bring in the most comprehensive and deepest transformation of energy systems in Europe, since the [industrial revolution] one hundred and fifty years ago.” In an exclusive interview with Energy Post, he says that the success of the Energy Union project “will decide the … [Read more...]
The world should go for zero emissions, not two degrees
Two years after the climate summit in Paris, euphoria has largely evaporated, writes Oliver Geden, Head of Research Division EU/Europe at the German Institute for International and Security Affairs (SWP). There has been little sign of additional ambition in climate change mitigation since. One fundamental reason, according to Geden, is that the target of “holding the temperature increase to well below 2 degrees Celsius” does not commit countries … [Read more...]
Trump’s “America First” energy policy puts China ahead in energy
China has indicated it is set to launch a crude oil futures contract in yuan, which could be a significant step towards the de-dollarization of the global economy. It is a sign of China’s growing confidence – and the U.S.’s declining influence, writes Friedbert PflĂĽger, Director of the European Centre for Energy and Resource Security (EUCERS). According to PflĂĽger, President Trump’s “America First” policy is having the opposite effect: it is … [Read more...]
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