The implications of climate change targets not being met are massive migration, the potential for resource wars and “a further disintegrating of the international order”, according to Richard L. Morningstar, Founding Director and Chairman of the Global Energy Center and David Koranyi, Director of the Eurasian Energy Futures Initiative, both part of the Washington DC based think tank The Atlantic Council. Morningstar and Koranyi see a “direct … [Read more...]
To keep European offshore wind world-leading, we need an industrial policy
To retain the global lead European companies have in offshore wind, the EU should develop an industrial policy that will guarantee a steady pipeline of projects, writes independent energy expert Mike Parr. This would ensure continued investment by companies in cost reduction and technology improvements. Failure to do so could mean the offshore wind sector would suffer the same fate as the European solar PV industry. … [Read more...]
The “new realities for energy”: peak demand, stranded assets
"The world is undergoing a Grand Transition driven by a combination of factors including the fast-paced development of new technologies, an unstoppable digital revolution, global environmental challenges and changing growth and demographic patterns", according to a statement from the World Energy Council, a UN-accredited global energy network with over 3,000 member organisations in over 90 countries. According to the World Energy Council, the … [Read more...]
Interview Maroš Šefčovič, VP Energy Union: “I made the promise 2016 would be year of delivery and I intend to keep it”
“If we want a cost-effective transition to a low-carbon economy, we have to create an internal energy market where European rules apply”, says Maroš Šefčovič, the European Commission’s Vice President for the Energy Union, in an exclusive interview with Energy Post. According to Šefčovič, “big parts of our energy market are [still] overregulated”. To take a decisive leap towards the Energy Union, the Commission has decided to put all its energy … [Read more...]
Corporate America’s huge appetite for clean energy
An increasing number of corporations are directly buying or building their own clean electricity, writes Elias Hinckley, a US-based strategic energy advisor. Companies across the business spectrum, ranging from Apple to Dow, General Motors and Bank of America, have set goals for 100% renewable power. Hinckley explains the reasons for this trend and notes that energy suppliers and investors cannot afford to ignore this huge new market. … [Read more...]
What’s holding Russia back from ratifying the Paris Climate Agreement
Russia is now the largest greenhouse gas emitter not to have ratified the Paris Climate Agreement and it is unlikely to do so this year. The country is still deeply divided on climate policy, explains Angelina Davydova, Senior Lecturer at St Petersburg State University, in a fascinating article highlighting the forces in Russian society that are working against and in favour of the Paris Agreement. Courtesy of The Conversation. … [Read more...]
Europe should look at consumption of renewables not just production
European consumers actively chose to buy more than 550TWh of renewable electricity last year, 20% of all electricity consumption. Yet EU member states are not required to report on consumption of renewables, only production. This gives a false picture of what is happening in the market, say business representatives involved in purchasing and producing green electricity. Dual reporting - of consumption and production - would show that some … [Read more...]
Climate change becomes prime investment driver
BlackRock, the world’s largest private investment fund, has announced that it will include climate change as an important factor in how it assigns risks to its investment portfolio, writes Fereidoon Sionshansi, president of Menlo Energy Economics and publisher of the newsletter EEnergy Informer. According to Sionshansi, this decision has huge implications for the energy sector. … [Read more...]
The new EON, the new Johannes Teyssen: “The future is state-led renewables, stop dreaming of perfect Energy Union and Emission Trading System”
In one of his first in-depth interviews since the restructuring of EON, CEO Johannes Teyssen sets out a completely new vision of where he sees European energy markets and policies going. The future according to Teyssen is: distribution much more than transmission; state-led renewables auctions and capacity markets, not wholesale energy-only markets; carbon taxes or floor prices, not carbon trading or emission trading; higher energy efficiency … [Read more...]
New data show: China stokes global coal power growth
China cuts coal at home but new data show that Chinese state owned companies and banks drive new coal expansion overseas, despite top level promises of green growth for developing countries, writes Beth Walker for China Dialogue. Article courtesy of China Dialogue. … [Read more...]
Brexit: an opportunity to rethink UK carbon pricing
The UK’s exit from the European Union will make changes to UK carbon pricing unavoidable. Steven Sorrell,Professor of Energy Policy at the University of Sussex and member of the Sussex Energy Group (SEG), discusses the options and argues that a broad-based domestic carbon tax could be the best way forward for UK climate policy. … [Read more...]
Chinese national oil companies: giants built on shaky foundations
Chinese state-owned enterprises, China’s national oil companies foremost among them, have incurred phenomenal debts – higher than the country’s total GDP. So far they have been bailed out by the government, but this just shifts the problem one level up, to China Inc as a whole, writes geophysicist (ex-Shell) Jilles van den Beukel. Van den Beukel explains how China’s national oil companies Sinopec, CNPC and CNOOC got into this fix and why the … [Read more...]
Will Trumpism, Brexit, and geopolitical exceptionalism sink the planet?
The future pace of climate change will be determined as much by geopolitical factors as by technological developments in the energy sector, writes energy expert and author Michael T. Klare. While immense progress is being made in bringing down the price of wind and solar power, the political will to turn such developments into meaningful global change may be diminishing. Article courtesy of Tomdispatch.com. … [Read more...]
How Paris will change global emissions accounting
The Paris Agreement will lead to important changes in the way greenhouse gas emissions are accounted for and how they could be traded internationally. David Hone, Chief Climate Change Advisor with Royal Dutch Shell, looks at the implications of the Paris Agreement and concludes that it will probably lead to a more robust and enduring carbon market. … [Read more...]
Energy policies of the U.S. presidential candidates
“There is still much that needs to be investigated in the field of ‘climate change’”, says one. “When it comes to climate change, the science is crystal clear”, says the other. “Save the coal industry”, says one. “Quickly move to make a bridge from coal to natural gas to clean energy,” states the other. Allan Hoffman, author of the blog Thougts of a Lapsed Physicist, investigates the positions of Donald Trump and Hillary Clinton on climate and … [Read more...]
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