Driven by booming demand, the "Golden Age" of natural gas that is now firmly established in North America will expand to China over the next five years, the International Energy Agency (IEA) said in its 2014Â Medium-Term Gas Market Report released today. The projected near-doubling of Chinese gas demand through 2019 compensates for a slight slowdown in growth in many other areas of the world, the report said. The annual report, which gives a … [Read more...]
US Environmental Protection Agency EPA proposes first guidelines to cut carbon pollution from existing power plants
At the direction of President Obama and after an unprecedented outreach effort, the U.S. Environmental Protection Agency has on June 2 released the Clean Power Plan proposal, which for the first time cuts carbon pollution from existing power plants, the single largest source of carbon pollution in the United States.Today’s proposal will protect public health, move the United States toward a cleaner environment and fight climate change while … [Read more...]
The Trillion-Dollar Question: Is Big Oil over-investing in high-cost projects?
Mark Fulton and Reid Capalino of the Carbon Tracker Initiative – the NGO that originated the concept of “stranded assets”and “the carbon bubble” – explain the risks oil companies are taking by investing in oil and gas projects in an increasingly carbon-constrained world. … [Read more...]
Heat pumps: waiting for the final push
As gas faces a reputational challenge from Ukraine, electric heat pumps are emerging as a promising alternative source of heating. Heat pumps can also make an important contribution to reducing greenhouse gas emissions. Oddly enough, although heating and cooling accounts for 45% of the EU’s final energy consumption there is no EU-wide heating and cooling strategy. Some countries such as UK and Italy are introducing support for individual … [Read more...]
VIDEO: Brussels Briefing on Energy: All you need to know for June 2014
In this Brussels Briefing on Energy, viEUws.eu's leading energy journalist Hughes Belin provides an overview of the European Union’s most pressing energy issues: - EU Summit on June 26 & 27: Commission’s strategic plan to enhance the European Union’ssecurity of supply in light of the ongoing crisis in Ukraine - Energy Council on June 13: Commission’s report on the internal energy market & the 2030 climate and energy package - New state … [Read more...]
What a difference a decade makes: an updated reality check on the global energy system
Robert Wilson takes a very hard-headed look at the state of the global energy system, in particular at the US and China. He comes up with some stunning conclusions. America’s per-capita energy consumption, he argues, is excessive and could easily be halved without any negative impact on the standard of living. But no matter what the US does, China is already by far the largest energy consumer in the world. And unfortunately, despite taking some … [Read more...]
VIDEO: Effective recycling at heart of Commission’s waste and circular economy package
Karl Falkenberg, Director-General for Environment at the European Commission meets with viEUws.eu's leading environment journalist Sonja van Renssen to discuss the Commission’s upcoming waste and circular economy package. The European Union has set an ambitious goal to recycle half of all household waste by 2020, however the door to landfill is still open. The Director-General for Environment argues that to increase recycling, member states need … [Read more...]
2013: Record year for solar photovoltaics, accelerating market globalisationÂ
With at least 38.4 gigawatts (GW) of newly-installed solar photovoltaic (PV) capacity worldwide and a global cumulative installed capacity of 138.9 GW, 2013 was another historic year for solar PV technology, according to a new report from the European Photovoltaic Industry Association (EPIA). EPIA's flagship reportm "Global Market Outlook for Photovoltaics 2014-2018", assesses global and European PV markets in 2013, makes forecasts for the next … [Read more...]
“World needs $48 trillion in investment to meet its energy needs to 2035”
Meeting the world's growing need for energy will require more than $48 trillion in investment over the period to 2035, according to a special report on investment released today by the International Energy Agency (IEA) as part of the World Energy Outlook series. Today's annual investment in energy supply of $1.6 trillion needs to rise steadily over the coming decades towards $2 trillion. Annual spending on energy efficiency, measured against a … [Read more...]
More than a fifth of global power production now comes from renewables
Global renewable electricity energy capacity rose to a new record level last year — more than 1,560 gigawatts (GW), up 8% from 2012. More than 22 % of the world’s power production now comes from renewable sources. Renewables currently meet almost one-fifth of world final energy consumption. That is one of the conclusion of the new Renewables Global Status Report published by REN21, "the global renewable energy policy multi-stakeholder … [Read more...]
Interview Fatih Birol, IEA: “Gradual change will not save us”
The latest major report from the International Energy Agency (IEA), the Energy Technology Perspectives 2014, states that “radical action is needed to actively transform energy supply and end use”. In an interview with Energy Post, the IEA’s renowned Chief Economist Fatih Birol notes that governments in particular have to take action. “You cannot change trends by giving some lectures or speeches. Policymakers should put in place real economic … [Read more...]
Ten take-home messages from the new European Energy Security Strategy
On 28 May the European Commission published a new energy security strategy for the EU that sets out a long list of short-, medium- and long-term actions to reduce dependence on Russian gas. These range from regional “stress tests” for supply disruptions to new priority gas infrastructure projects to serious examination of centralised gas purchases. For many however, it is energy efficiency that will make or break this strategy. Sonja van Renssen … [Read more...]
Exxon, BP, Shell, Total see new opportunities in Russia
The world's major oil companies are making it very clear that they are eager to continue to do business with and in Russia, despite US and EU sanctions and criticisms. Indeed, they seem to regard the current tensions with Russia as an opportunity to expand their activities in the world's largest oil and gas territory, notes Nicolas Cunningham of Oilprice.com. … [Read more...]
The case for allowing negative electricity prices
Negative electricity prices have become an increasingly frequent occurrence on the power exchanges that allow them. However, there are still many power exchanges, both within and outside of the EU, that do not allow negative prices. Simona Benedettini and Carlo Stagnaro of the Italian think tank Istituto Bruno Leoni argue that, with a booming renewable sector and a weak demand outlook, negative prices are an important tool for the market to … [Read more...]
Let’s glocalize! Global meets local in municipal green bonds
Local authorities are taking an increasingly active role in bringing about a clean energy future. Their biggest worry: how to finance their efforts. One way is outsourcing to energy service companies, another is crowdfunding. But perhaps the most effective method to raise substantial money is by giving out municipal bonds. Clare Taylor takes a look at the blossoming municipal bond market for sustainable energy projects in Europe and the US and … [Read more...]
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