By ramping up cost-effective investments in renewable energy and energy efficiency the European Union can cut its dependency on natural gas imports in half, according to a new analysis. Carbon reductions of 49% or more could be achieved below the 1990 level by 2030 – far more than currently proposed. The study Increasing the EU’s Energy Independence: A No-Regrets Strategy for Energy Security and Climate Change was written by international … [Read more...]
The great EU climate and energy test: European leaders need deal that will convince the world
On 23 October EU leaders will meet to agree the foundations of an EU climate and energy policy for 2030. They need to settle on four targets: greenhouse gas emission reductions, renewables, energy efficiency, and – the most recent addition – interconnections. But even more: they will have to convince markets and policymakers across the world that the EU has a credible climate and energy strategy to offer. Sonja van Renssen explains the ins and … [Read more...]
Solar power to the people
The spectacular global growth of solar PV is one of the big energy stories of today. And it may well become the energy story of the 21st Century. Where did the solar revolution “suddenly”come from? And where will it take us? One of the pioneers of the sector, Peter F. Varadi, co-founder of what was once the biggest solar PV producer in the world, Solarex, has written a unique history of his company and that of solar PV. He also looks ahead to … [Read more...]
Another US – Russia confrontation: as LNG exporters
New Russian players will double their share in the global LNG market by 2018, says GlobalData Analyst in a press release. This means they will compete with the new US exporters that will be entering the same market. The global Liquefied Natural Gas (LNG) market, in which Gazprom intends to increase its liquefaction capacity by 250% to 25 million tons per year by 2018, will pose unfamiliar challenges to the company, according to an analyst with … [Read more...]
Brussels reveals: public support for renewables hardly different from non-renewables
For the first time ever, the EU Commission has mapped out how much public money flows to the energy sector in Europe and where it goes. According to a new report prepared by consultancy Ecofys, Europe spent €113 billion on energy subsidies in 2012. Remarkably, public support for coal is equal to that of onshore wind and total support for renewables is not much higher than for non-renewables. Also remarkably, the estimated “levelised costs” for … [Read more...]
Exporting a revolution: why the US LNG stampede will change the gas business forever (part 2)
The time for doubt is past. The US is well on its way to becoming a major LNG exporter – on a scale to rival Qatar and Australia. In part 2 of this two-part series, energy journalist Alex Forbes reviews the implications of what he is convinced will be the next gas revolution to come out of the United States. (Part I was published on 14 October here.) … [Read more...]
Exporting a revolution: why the US LNG stampede will change the gas business forever
The time for doubt is past. The US is well on its way to becoming a major LNG exporter – on a scale to rival Qatar and Australia. Export capacity could exceed 100 million tonnes per year by the early 2020s – 40% of the current global market. The US Department of Energy certainly seems to think so. The implications of this are profound: for US gas consumers, for natural gas markets around the world, and for proposed LNG export projects elsewhere. … [Read more...]
EU Commission issues interim report on energy subsidies and costs
The functioning of energy markets and the size and effect of government interventions has been the subject of debate for years. To date however, a consolidated dataset for government interventions in the power market of the European Union has been missing. This is why the European Commission has commissioned a study that aims at helping to close the knowledge gap by quantifying the extent of public interventions in energy markets in all 28 Member … [Read more...]
Energy storage: stormy growth but no one-size-fits-all solution
The debate over which energy storage technology will prove to be the best in the long-term is misguided, argues Chris Dalby of Oilprice.com. There will be no one-size-fits-all winner. He discusses some of the latest developments in energy storage, which show that different situations will lead to different solutions. … [Read more...]
Hinkley Point C: the EU energy market will not be the same after this
The European Commission has, to the outrage of many, given a historic green light to an unprecedented ÂŁ34 billion (€43 billion) state aid package for nuclear power in the UK, the first case of its kind in Europe. Energy Post’s Brussels correspondent Sonja van Renssen discusses the case .- and the many questions that it raises about the EU’s energy policy and the internal market. … [Read more...]
VIDEO: European Commission enhances energy security through its Covenant of Mayors
Hughes Belin is joined by Marie Donnelly - Director for Energy Transition at the European Commission - on viEUws.eu, to discuss how local communities can secure a sustainable energy future. … [Read more...]
How does Alexey Miller look at the world? This is how
On 7 October Gazprom CEO Alexey Miller made a remarkable speech at the IV St. Petersburg International Gas Forum on the global gas industry. We reproduce the main points from his speech. They include some highly significant and contrary statements, which we have highlighted for you. Alexey Miller, Gazprom CEO: We believe that by the year 2050 natural gas will represent one third of the global energy mix and that the production volumes … [Read more...]
Brussels concludes UK measures for Hinkley Point nuclear power plant are compatible with EU rules
The European Commission has found revised UK plans to subsidise the construction and operation of a new nuclear power plant at Hinkley Point in Somerset to be in line with EU state aid rules. According to the Commission, “during the in-depth investigation (see IP/13/1277), the UK has agreed to significantly modify the terms of the project financing. As a result, the state aid provided will remain proportionate to the objective pursued, avoiding … [Read more...]
IEA: Energy efficiency finance becoming established market segment
The global energy efficiency market is worth at least USD 310 billion a year and growing, according to a new report from the International Energy Agency that confirms the position of energy efficiency as the world’s “first fuel”. The report also finds that energy efficiency finance is becoming an established market segment, with innovative new products and standards helping to overcome risks and bringing stability and confidence to the … [Read more...]
Italian EU Presidency falls down on energy policy
With a final decision on the 2030 framework for EU climate and energy policy approaching, and a highly unstable international energy situation, the Italian Presidency of the EU should focus squarely on energy. However, the Italian energy effort is vague, focused on the short term and fails to initiate the measures the EU and Italy need to solve the energy and climate crisis, writes energy journalist and economist Lorenzo Colantoni. … [Read more...]
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