The demise of the much-touted FutureGen 2.0 carbon capture and storage (CCS) project in Illinois is another blow to CCS. Bob Burton, editor of CoalSwarm and Director of the Sunrise Project in Australia, argues that the fate of FutureGen symptomizes the intractable problems faced by CCS everywhere. In Europe, four large utilities - Vattenfall, RWE, EDF and Gas Natural Fenosa, dropped out of the CCS-organisation Zero Emission Platform (ZEP). … [Read more...]
The Energy Union: “a holistic approach to the energy transition”
The EU’s great new project of an “Energy Union” will represent “for the first time a holistic approach to how we need to achieve the energy transition,” said the man in charge, Commissioner Maroš Ĺ efÄŤoviÄŤ, at a press conference in Brussels last week. His colleague, Climate and Energy Commissioner Miguel Arias Cañete, at a grand Energy Union in Riga on Friday, revealed a long list of actions to be subsumed under the Energy Union concept, but with … [Read more...]
Wood MacKenzie wonder: is solar the next shale?
“Just as shale extraction reconfigured oil and gas, no other technology is closer to transforming power markets than distributed and utility scale solar.” That is the main conclusion of a new report from energy consultants Wood MacKenzie. The report is significant as Wood MacKenzie has a solid reputation in the oil and gas sector. … [Read more...]
Six steps to prepare the European energy system for the future
The European energy system is feeling increasing strain from the effects of the energy transition. New regulatory and business models are urgently needed, in particular to cope with the increasing share of variable energy sources. Pieter Boot of the Netherlands Environment Assessment Agency (PBL) and Jacques de Jong of the Clingendael International Energy Programme (CIEP) offer six practical suggestions to prepare our energy system for a … [Read more...]
India’s energy and climate change challenge
The US and India have signed a deal to "enhance cooperation" on cutting emissions and investing in low carbon energy sources. The agreement is much weaker than the historic pact signed between the US and China last year. But there are a number of good reasons India is reluctant to take strong action to curb its emissions in the short term. Mat Hope of the Carbon Brief describes India's huge energy and climate challenge. … [Read more...]
A “J’Accuse” from an ex-EU official: only a real Energy Union can save the EU energy market
An “Energy Union” in Europe means that an EU-level organisation will balance the flows of electricity, not national transmission system operators. And it means the EU will ensure security of supply - not the national member states. That is the vision of Jean-Arnold Vinois, until recently Director in charge of the internal energy market at the European Commission and co-author of a groundbreaking report from Notre Europe (Jacques Delors Institute) … [Read more...]
MIT study investigates role of bio-energy in low-carbon future
According to a new report from MIT, released in January, bioenergy production could cut greenhouse gas emissions by more than half, but with a caveat. “To achieve the cut”, notes MIT in a press release, “the carbon price must cover emissions from changing land use. Without this safeguard, deforestation becomes a major concern as forests are cleared to make way for farmland.” … [Read more...]
Arctic oil put on ice
Low oil prices have prompted Chevron and Statoil to suspend their drilling plans in the Arctic. Sanctions against Russia have forced Rosneft to delay its Arctic campaign. Only Shell still seems to be bent on drilling in the North Pole region, reports Nick Cunningham of Oilprice.com. … [Read more...]
Bulgaria – the EU’s next gasless gas hub (Or: is Bulgaria trying to become the new Ukraine?)
In response to the cancellation of South Stream, the Bulgarian government has launched a programme to turn Bulgaria into a “gas hub” for the region – an initiative welcomed by the European Commission and the United States.  Anca Elena Mihalache, Senior Analyst at the Romanian think tank Energy Policy Group, notes that Bulgaria has few sources of gas other than Russia and does not have a good record in creating liberalized energy markets. … [Read more...]
How Pope Francis could tip the balance against fossil fuels
Six years ago, Pope Benedict XVI installed more than 1,000 solar panels on the Vatican’s audience hall, helping him earn him the sobriquet of the “Green Pope”. Soon his successor Pope Francis may just go one step further: in April he is expected to issue a papal encyclical on climate change. His actions could tip the balance against fossil fuels, as the world’s wealthiest institution takes on the world’s most powerful industry. Meanwhile, Vatican … [Read more...]
IEA: “Nuclear power critical to meet climate goals”
Nuclear power is “a critical element in limiting greenhouse gas emissions”, says the International Energy Agency (IEA) in a report released on 29 January (co-authored with the Nuclear Energy Agency). According to the report, 72 new reactors are under construction, the highest number in 25 years. … [Read more...]
Russia’s oil and gas tax policies look increasingly eastward
Recent changes in the taxation of Russia’s oil and gas sector reflect both the country’s pivot eastward and the special treatment afforded to its state-controlled energy companies, says an analyst with research and consulting firm GlobalData. … [Read more...]
Want to avoid oil’s gloom? Turn to the sun, says Outsider Nick Hodge
While some celebrated shale oil as a "boom," Nick Hodge, founder and director of investment community the Outsider Club, derided it as a "Ponzi scheme." Today the shale sector quivers before the specter of falling oil prices, and the oil majors that have invested heavily in shale may be humbled. In this interview with The Energy Report, syndicated by Energy Post, Hodge argues that nuclear energy is about to reassert itself, and that solar power … [Read more...]
Eon’s transformation: how it will change the energy debate in Europe
With Eon’s historic decision to restructure we now for the first time will have  a large energy supplier not being pulled in two directions, but acting on the single imperative of bringing new energy solutions to customers. This removes one of the key obstacles that has been hindering the energy transition, writes Simon Skillings, former Director of Strategy and Policy at Eon UK and now independent consultant and associate at environmental think … [Read more...]
The vulnerability of our electric utility system to cyber attacks
As our electric utility system is moving from dumb and centralized to smart and decentralized, it is becoming increasingly vulnerable to cyber attacks. Are utility executives paying sufficient attention to these serious new risks? Energy expert Allan Hoffman, a former senior official at the U.S. Department of Energy, says the SONY hacking case should serve as a wake-up call to the energy industry. … [Read more...]
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