IRENA has modelled energy subsidies to 2030 and 2050 for their pathway to meet the Paris targets. Here, Michael Taylor summarises their findings. Firstly, they estimate today’s global direct energy sector subsidies to be $634bn/year (2017 figures). The vast majority, $447bn, went to fossil fuels. (By the way, he points out that none of these figures include the externality costs - pollution, healthcare, environment - which equate to trillions and … [Read more...]
Free online Buildings Electrification training for workers on lockdown
More than 26 million Americans have filed for unemployment benefits during the lockdown. Among their number will be workers who, while sitting at home, could be trained up with useful skills they can use when the lockdowns end. You just need to identify where the big skills gaps in the economy are. Stephen Mushegan and Claire McKenna at RMI look at buildings refits and electrification, where like in most countries huge emissions reduction targets … [Read more...]
An EU Hydrogen strategy: from industry feedstock to energy vector
The bravest recovery strategies will invest robustly in new yet-to-take-off clean energy technologies. If you are going to have to spend hundreds of billions to revive your economy isn’t it better to replace the old with the new rather than prop up what you’ll have to abandon soon anyway? In anticipation of that happening, new technologies are lining up. Here, CĂ©dric Philibert at the IFRI Centre for Energy & Climate summarises their detailed … [Read more...]
IEA projections 2020: energy demand plunges but Renewables still grow at Gas, Coal’s expense
The IEA has made its projections for the impact of the pandemic lockdown on energy demand in 2020 (they say it’s too early for them to assess anything more long term), and its implications for the different generation types. This article summarises their special Global Energy Review 2020, published at the end of last week. It assumes that lockdowns are eased this year and growth gradually returns. With that, global energy demand will fall 6% in … [Read more...]
DSOs can use digitalisation to empower all grid stakeholders
Distribution System Operators (DSOs) are in charge of operating, maintaining and developing the distribution network to ensure that electricity is delivered to end-users in a secure, reliable and efficient manner. Harry Taylor, Chris Collins and Erik Rakhou at Baringa Partners spell out what DSOs need to do to take full advantage of digitalisation technologies and processes to make them fit for a rapidly transforming energy system. A growing … [Read more...]
IRENA’s Global Renewables Outlook and how Europe can lead the way
If the coronavirus slump has knocked everything off track IRENA’s first ever Global Renewables Outlook is a timely reminder of what that track should look like. It can help policymakers design stimuli packages that will get us back onto it, and even accelerate the transition. IRENA’s Gayathri Prakash, Nicholas Wagner and Ricardo Gorini run through the comprehensive report’s main recommendations. Annual investment, shares and GW targets to 2030 … [Read more...]
Coal exit saves money when public health, land degradation costs added – analysis
Coal is cheap. In countries historically reliant on it, as well as emerging economies still building plants, switching to cleaner energy just doesn’t seem to add up. That’s when you’re only looking at your national energy system costs. But the externality costs of air pollution, public health and a degraded local environment are rarely factored in to the equation. When they are, explains Sebastian Rauner writing for Carbon Brief, abandoning coal … [Read more...]
How Eurobonds can raise trillions for recovery and the Green Deal
EU nations have lined up for and against any form of Eurobonds, including Coronabonds, that would mutualise vast amounts of debt across all the member states. Yet vast amounts are needed to recover from this unexpected and unprecedented global slump caused by the Coronavirus pandemic. Where will it come from? Luca Bonaccorsi at Transport & Environment explains EC president Ursula von der Leyen’s proposal for how the EU budget (on its own, … [Read more...]
Bounceback or Recession? Modelling the impact on electricity prices to 2025
Carlos Perez Linkenheil at Energy Brainpool models three scenarios to understand the factors that are having the biggest impact on – and thereby make predictions for - electricity prices, revenues, energy source merit order, and emissions in the EU. Other parameters in the scope of their analysis include oil prices, gas prices, commodities markets, carbon taxes, and the EUA/emissions market. Clearly, collapsing prices are profoundly distorting … [Read more...]
U.S.: Counting Renewables jobs and projects under threat, what can be done and why
All sectors across all economies are trying to add up their potential job losses and projects in jeopardy, then telling their governments to prioritise them for Covid lockdown support. Mike Jacobs at the Union of Concerned Scientists looks at renewables in the U.S. He quotes news reports that over 100,000 workers in this fast-growing industry filed for unemployment in March 2020. On top of that, the already planned expiry and phase-down of … [Read more...]
EU needs clear European Green and Solidarity Pact by September
Stark predictions around the unprecedented economic challenges facing Europe (and the world) are starting to take shape. The possible solutions must keep pace with them. Here, Marc-Antoine Eyl-Mazzega at the IFRI Centre for Energy & Climate lays out those challenges and robust policy answers that can keep us on a net-zero emissions track while stimulating economies, creating jobs, and maintaining social justice. It’s no surprise that there is … [Read more...]
Designing the Covid-19 stimulus: what the 2008 crisis can teach us
Policy makers around the world are hearing a lot of advice on how to design their stimulus packages. This comes from the IEA where Fatih Birol lays out five fundamental lessons we can learn from the stimulus packages that came out of the 2008 global financial crisis. His main headings are: Build on what you already have – and think big (e.g. feed-in tariffs, production tax credits); Choose technologies that are ready for the big time (e.g. wind, … [Read more...]
Floating Offshore Wind Turbines: utility scale by 2024?
Floating wind turbines can access deeper waters that the usual fixed offshore ones. There the wind speeds are greater and more consistent. It opens the door to even greater efficiency and cost reductions. America’s National Renewable Energy Laboratory (NREL) has summarised a webinar by their Offshore Wind Research Platform Lead, Walt Musial. Other main take-aways include: floating platforms have long been engineered and proven by the oil and gas … [Read more...]
Regulatory challenges to foster cross-border trade in electricity systems with increasing shares of renewables
The share of renewable generation in Europe’s power system is rising fast, but interconnection is not keeping up. Join us on May 19, 2020 to discuss this and related issues. More wind and solar makes the supply of electricity much more dependent on the weather. Nobody wants to build capacity only to switch it off when there’s too much heading onto the local grid. This could put an extra strain on delivering the Green Deal. One solution is to … [Read more...]
Green Ammonia can replace fossil fuel storage at scale
What’s the best way to store energy, from industry scale to electric vehicles, replacing the widespread use of fossil fuels? Pure hydrogen is an energy dense alternative, but the gas takes up a lot of space. Liquid ammonia doesn’t, yet it contains the hydrogen and therefore the energy. Ian Wilkinson at Siemens explains the advantages of using ammonia, NH3. Already the world produces 180m tonnes a year, worth €80bn. It’s mainly for agricultural … [Read more...]
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