High energy price volatility has for the first time replaced global climate framework as the number-one critical uncertainty driving the world energy agenda, according to the 2014 World Energy Issues Monitor, released on Tuesday 18 February by the World Energy Council (WEC). Global climate framework uncertainty,while still is akeyuncertainty, is now perceived by energy leaders to have less impact than in the previous three years of the study. … [Read more...]
US Shale Gas (II): Get ready for the Great Natural Gas Switch
Cheap natural gas means Americans can buy the equivalent of a barrel of crude for $35. That's the exciting reality that has Ron Muhlenkamp, founder and portfolio manager of Muhlenkamp & Co. Inc., putting his investment dollars behind the next great fuel switch, this time in the transportation sector. As Muhlenkamp tells Tom Armistead of The Energy Report, the Great Natural Gas Switch in the US has only just begun. This is part Two of a … [Read more...]
US Shale Gas (I): It’s not what it’s cracked up to be
Shale gas is not the foundation of U.S. energy security that conventional wisdom claims it is, says Bill Powers in this interview with Tom Amistead of The Energy Report. As shale gas peters out, the law of supply and demand will drive gas prices up, says Powers,an independent analyst and author of "Cold, Hungry and in the Dark: Exploding the Natural Gas Supply Myth." This interview is part One of a two-part series. In part Two investment analyst … [Read more...]
Energy efficiency: how to make it work
The Germans do it with public money and labelling. The Americans do it with private capital and asset-backed securitisation. The Emirati’s do it with education and information. A recent expert debate at the World Future Energy Summit in Abu Dhabi made it clear that stepping up energy efficiency is crucially important – but that there is no-one-size-fits-all solution. … [Read more...]
EU’s global cleantech leadership at risk
The EU still leads the world in clean energy technologies, but for how long? In 2012, 70% of new wind power capacity and 40% of new photovoltaic panels were installed outside Europe. Brussels has shied away from new national renewables targets in its 2030 climate and energy proposals. It is preparing fresh rules on state aid that will disadvantage less mature technologies such as offshore wind and solar PV. And the EU internal energy market … [Read more...]
Fennovoima’s Environmental Impact Assessment Report completed
Fennovoima Ltd has today on February 13th, submitted its Environmental Impact Assessment (EIA) Report to the Ministry of Employment and the Economy (coordinating authority) in Finland. The report contains an assessment of the environmental impacts of the 1200 MW nuclear power plant at Pyhäjoki site. Fennovoima and Rusatom Overseas signed a plant supply contract of a pressurized water reactor AES-2006 in December 2013. The EIA report has been … [Read more...]
VIDEO: Brussels Briefing on Environment – All you need to know for the month of February 2014
Sonja van Renssen, leading environment journalist at viEUws.eu, provides an overview of the latest developments in the field of European Environment Policy. Topics discussed include: - The 2030 Climate & Energy Framework (greenhouse gas emissions, renewables & energy efficiency) - Green light for first reform to the EU Emission Trading Scheme (ETS) - The proposal for market stability reserve - Member states negotiating over how … [Read more...]
Interview IEA Director Maria van der Hoeven: “Expansion of gas use no panacea for climate change”
Maria van der Hoeven, Executive Director of the International Energy Agency (IEA) believes that unconventional gas can be produced in an environmentally acceptable way, but warns that an expansion of gas alone “is no panacea for climate change”. In an interview with James Stafford, editor of Oilprice.com, Van der Hoeven discusses a wide range of important energy issues, ranging from the role of gas, renewables and nuclear power to the necessity … [Read more...]
Why utilities should embrace electric cars
Navigant Research has recently published an interesting article by Scott Shepard on what the growth of electric vehicles in the US means for utiltiies. Shepard concludes that they represent more opportunities to utilities than problems. Schepard notes that "according to the Energy Information Administration’s latest Residential Energy Consumption Survey (RECS), the average U.S. household consumed 11,321 kilowatt-hours (kWh) of electricity in … [Read more...]
India’s quest for energy: nuclear power & other greener options
India has been among the world's fastest growing economies for the past two decades. The country continues to lead not only in growth but also in energy demand growth. India wants to meet its growing energy demands first of all through expanding its nuclear sector and secondly by the development of other “greener” options. Ritwik Mukherjee, editor of the Indian energy journal Energy Ensemble, discusses the challenges faced by India and the … [Read more...]
Cost of “zero carbon building” drops by half in UK
New analysis produced by Sweett Group for the Zero Carbon Hub, a non-profit association in the UK, shows that “the additional costs associated with building to the proposed Zero Carbon Standard in the UK have declined significantly since 2011, and are expected to continue to fall as we approach 2020.” In a press release the Zero Carbon Hub states that the key findings of the new research are that: At today’s prices, the typical additional … [Read more...]
Ukraine turns to EU in energy
The Minister of Energy and Coal Industry of Ukraine Eduard Stavytskyi and Director of the Energy Community Secretariat Janez KopaÄŤ have signed a Memorandum of Understanding on “Establishing an Implementation Partnership between the Ministry of Energy and Coal Industry of Ukraine and the Secretariat of the Energy Community”. By signing the Memorandum, “Ukraine confirms its commitment to transpose into its national legal framework and fully … [Read more...]
The four “gamechangers” of the energy sector
Are we headed for a Solar Power Revolution, as many investment analysts are claiming? According to Energy Post editor Karel Beckman, we undoubtedly are. Just as we are headed for a Coal Revolution. And a Nuclear Revolution. And a Shale Revolution. Welcome to the world of energy “gamechangers”. … [Read more...]
EU delivers scathing verdict on UK for state aid to new Hinkley C nuclear reactors
The European Commission (EC) has delivered what can only be called a scathing initial verdict on the UK Government’s deal with French state owned EDF to build the first new nuclear reactors in the UK for a generation, according to a blog post from Greenpeace UK. The Commission announced on 18 December that it would investigate the proposed deal. It has now published a 70-page initial analysis on its website, which suggests that, as Greenpeace … [Read more...]
Wind power will keep growing despite poor infrastructure
With wind power technology gaining increased popularity and institutional support from across the world, the wind turbine towers market is expected to increase from $12.1 billion in 2013 to $19.3 billion by 2020, at a Compound Annual Growth Rate (CAGR) of 6.9%, says a new report from research and consulting firm GlobalData. According to the company’s report*, China had the largest amount of wind turbine towers installed in 2013, reaching a … [Read more...]
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