The Energy Union package recently announced by the European Commission is a step forward in that it puts market liberalization and integration at the centre of European energy policy, writes Carlo Stagnaro, senior fellow at the Italian free market think tank Istituto Bruno Leoni. At the same time, it is still strongly influenced by the idea that government intervention is required to ensure both security of supply and sustainability. As a result, … [Read more...]
At the tipping point: will Obama stop Shell from despoiling the Arctic?
Shell is trying to establish itself as a leader in Arctic exploration and drilling, despite the companyâs poor safety record in the region, writes Subhankar Banerjee, author of the new book Arctic Voices: Resistance at the Tipping Point. According to Banerjee, Shellâs activities are a mortal threat to one of the last untouched environments on the planet. President Obama still has a choice: to stop Shell â or to let it go ahead and become … [Read more...]
Meet the worldâs number 1 R&D player in sustainable energy: the Chinese Academy of Sciences
In a global study of top academic and research centers in a wide range of sustainable energies, the surprising winner is the Chinese Academy of Sciences. Among industrial innovators the number 1 is engineering company ABB. The in-depth study, conducted by KIC InnoEnergy and Questel Consulting, shows that Chinese research institutions are considerably ahead of their European and US peers in sustainable energy innovation, including wind, ocean and … [Read more...]
In the oil heartlands of the planet, solar now beats oil and gas
One of the biggest banks in the Middle East and the oil-rich Gulf countries says that fossil fuels can no longer compete with solar technologies on price, and that the vast bulk of the $US48 trillion needed to meet global power demand over the next two decades will come from renewables. Meanwhile, in Dubai, Saudi Arabiaâs ACWA Power, has won the worldâs largest ever solar tender with the cheapest ever price: one-third below the cost of gas-fired … [Read more...]
Here’s what will send oil prices back up again
Oil's rapid decline since August of last year has been dramatic. To listen to some commentators you would also think it is unprecedented and irreversible. Those claiming that oil will continue to fall from here and remain low for evermore, however, are flying in the face of both history and common sense. The question we should be asking ourselves is not if oil prices will recover, but when they will. … [Read more...]
IRENA pushes for 160 GW energy storage plan
A group of experts is expected to finalise details this week of a road map to install 160 Gigawatts (GW) of battery storage worldwide in 2030, reports Jason Deign of Energy Storage Report. The plan, being developed by the International Renewable Energy Agency (IRENA), would see nearly four times as much battery storage being deployed in the next 15 years as all the solar power installed worldwide to date. … [Read more...]
viEUws VIDEO: Brussels Briefing on Environment â All you need to know for March 2015
In this Brussels Briefing on Environment for viEUws.eu, Sonja van Renssen provides an overview of the latest EU environment policy developments. … [Read more...]
Interview Johannes Teyssen, CEO Eon: âFuture energy world has drifted far apart from the classical oneâ
In the first in-depth interview given by Johannes Teyssen, CEO of Eon, after the company announced its radical new strategy in December last year, Teyssen says that âthe energy world of the futureâ and âthe classical energy worldâ have âdrifted so far apart that they require different entrepreneurial approachesâ. He notes that the companyâs new strategy is not based on German or even European politics, but âon more fundamental, global trendsâ. … [Read more...]
To make European climate policy work, we need to put a carbon price on imports
European institutions are struggling to reform the failing EU Emission Trading System (ETS) â âthe cornerstone of EU climate policyâ. But all reforms will be inadequate, writes Emil Dimantchev, senior carbon market analyst at Thomson Reuters, unless we address the systemâs key defect: the failure to impose equal rules on all producers, including those from outside the EU. According to Dimantchev, EU policymakers will never allow carbon prices to … [Read more...]
Interview Andriy Kobolev, CEO Naftogaz: âGazprom breaches EU law by blocking reverse flow to Ukraineâ
Gazprom is blocking reverse gas flow from Slovakia to Ukraine in violation of EU law, says Andriy Kobolev, the CEO of Ukraineâs state-owned gas monopoly Naftogaz, in an exclusive interview with Slovakian energy analyst Jozef Badida. As a result European companies are not able to meet the demand from gas in Ukraine and Ukraine is left at the mercy of Gazprom. Kobolev calls on the EU to take action against the Russian company. But he also notes … [Read more...]
Offshore wind in the Kattegat: a unique opportunity for Europe
New figures show that the Anholt offshore wind farm in the Kattegat between Denmark and Sweden had an impressively high capacity factor of 50% last year. This is all the more impressive since, as Mike Parr, Director of energy consultancy PWR points out, 2014 was a year with unusually low wind speeds. In an average year the capacity factor would have been more like 75%. This means, writes Parr, that if just 10% of the Kattegat region were … [Read more...]
Back to a nuclear future: the Abe government restarts Japanâs energy policy Â
The renewed mandate Japan's Prime Minister Shinzo Abe received from voters in the snap election in December will have big implications for the Japanese energy industry. Abe is set on re-starting closed nuclear reactors - and scaling back renewables subsidies. A recent report from the Institute of Energy Economics in Tokyo backs him up, saying that ârenewable power generation capacity has increased too rapidlyâ. But a majority of Japanese are … [Read more...]
Brussels tests limits of its powers with Energy Union
Energy Post takes stock of what the proposals for an Energy Union mean and ponders the key question: can Brussels deliver? The Commission is pushing hard on a far-reaching redesign of the electricity market, which is to be driven by the EU Emission Trading Scheme and increasingly run by EU institutions. In gas Brussels also wants to take a central role. When it comes to climate policy, the Commission has some substantial new proposals on energy … [Read more...]
Highlights from the Energy Union package – and responses
The European Commission announced its plans for a far-reaching Energy Union for Europe on 25 February, with a work package full of legislative and non-legislative actions for the next two years. Brussels also presented a strategy for the UN climate talks in Paris in December and a paper on how to meet electricity interconnection targets inside the EU. We present the highlights plus some responses. For a detailed analysis, see the accompanying … [Read more...]
New Silk Roads and the âChinese Dreamâ of a Brave New (Trade) World
Seen from the Chinese capital as the Year of the Sheep starts, the malaise affecting the West seems like a mirage in a galaxy far, far away. On the other hand, the China that surrounds you looks all too solid and nothing like the embattled nation you hear about in the Western media, with its falling industrial figures, its real estate bubble, and its looming environmental disasters. Prophecies of doom notwithstanding, as the dogs of austerity and … [Read more...]
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