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$78tn net gain for compensated global Coal phase-out, when social benefits are added

September 23, 2022 by Tobias Adrian, Patrick Bolton and Alissa Kleinnijenhuis

Is replacing coal with renewables too expensive? No, it’s the opposite, explain Tobias Adrian at the International Monetary Fund, Patrick Bolton at Imperial College London and Alissa Kleinnijenhuis at the Oxford Martin School who summarise their paper. When the social benefits are added, the net gain globally is around $78tn under a conservative estimate. That’s equal to 1.2% of current world GDP every year until 2100 – these are real economic … [Read more...]

Filed Under: Energy, Oil, Gas & Coal Tagged With: Africa, America, Asia, CarbonPrice, coal, compensation, Europe, finance, investment, LatinAmerica, private, public, renewables

Piloting green shipping corridors: Australia-Japan and Asia-Europe

January 28, 2022 by Jesse Fahnestock and Aparajit Pandey

The shipping industry is diverse, disaggregated and part of the logistical chain of 80% of global trade. So reducing its emissions (3% of the global total) will be complex. One way to cut through this complexity is to create a limited number of green shipping corridors between major port hubs, to pilot solutions. This can shrink the challenge of coordination between fuel infrastructure, vessels, firms and national policies down to a manageable … [Read more...]

Filed Under: Energy, Transport and energy Tagged With: Asia, australia, costs, emissions, Europe, hydrogen, Japan, markets, ports, shipping

Coal phase-out by 21 nations only accounts for 3.2% of global power. What about the others?

October 25, 2021 by Carlos Fernandez Alvarez

The 21 nations committed to coal phase-out only account for 3.2% of global electricity generation. Three - Belgium, Austria and Sweden – have already done so. The rest hope to by different dates, ranging to 2040. Asia is where the main problem is, and their transition challenges are well known: growing economies, and energy security. Carlos Fernández Alvarez at the IEA spells out their recommendations, and references case studies in Canada, the … [Read more...]

Filed Under: Energy, Oil, Gas & Coal Tagged With: ammonia, Asia, biomass, Canada, CarbonPrice, CCS, CCUS, coal, Germany, grids, innovation, investment, jobs, security, UK

Eradicate global poverty, meet climate goals, by avoiding rich-world energy consumption patterns

September 10, 2021 by Jarmo Kikstra and Narasimha Rao

There is concern that eradicating poverty in the global south means their growing wealth and energy consumption will make our climate targets too hard to meet. Here, Jarmo Kikstra and Narasimha Rao, writing for Carbon Brief, explain that the energy needed to eradicate poverty is compatible with climate goals, provided that policymakers focus on delivering decent living standards, and not copying the affluence and habits of rich countries. Most … [Read more...]

Filed Under: Energy, Policies Tagged With: Africa, Asia, forecasts, GDP, growth, HDI, healthcare, housing, IPCC, LatinAmerica, nutrition, poverty, scenarios, transport

Asia’s record Gas prices expose the need for faster market reform

February 2, 2021 by Jean-Baptiste Dubreuil and Gergely Molnar

After record lows in mid-2020, Asian spot prices for LNG rose tenfold to reach record highs in January 2021. This volatility is an obstacle to the development of the gas infrastructure that’s essential to the region where demand for gas is growing, explain Jean-Baptiste Dubreuil and Gergely Molnar at the IEA. There were multiple causes for the price spike, including the cold winter, limits to nuclear and coal generation, and outages at regional … [Read more...]

Filed Under: Energy, Oil, Gas & Coal Tagged With: Asia, China, gas, India, infrastructure, Japan, Korea, LNG, markets, prices, Singapore

Europe needs its own EV battery recycling industry

March 25, 2020 by Raphaël Danino-Perraud

Europe needs its own battery recycling industry, and the EU’s European Battery Alliance should make it happen, says Raphaël Danino-Perraud writing for the IFRI Centre for Energy & Climate. For economic, strategic and environmental reasons, today’s overwhelming dependence on outsourcing – in this case to Asia - for battery manufacture and recycling needs to change. To start with, Asia provides over 90% of global car battery output, half coming … [Read more...]

Filed Under: Energy, Storage, Transport and energy Tagged With: Asia, batteries, China, EU, Europe, EVs, policies, recycling, storage, transport, Umicore

An independent Global Energy Forecast to 2050 (part 3 of 5): fossil fuels

October 18, 2019 by Schalk Cloete

Schalk Cloete is creating his own 5-part independent Global Energy Forecast to 2050, to compare with the next IEA World Energy Outlook, due in November. To make his predictions he has created simulations of cost-optimal technology mixes and made his own assumptions over the drivers that will affect them: policy, technology, demand growth and behavioural change are all included. Cloete reminds us that fossil fuels did not reach their dominant … [Read more...]

Filed Under: Energy, Oil, Gas & Coal Tagged With: Asia, coal, electricity, fossilfuels, gas, heating, industry, Nuclear, oil, Paris2050, transport, WorldEnergyOutlook

Wind farms for cyclone zones: new standards and designs

October 9, 2019 by Alessandra Salgado, Michael Taylor and Francisco Boshell

Wind turbine designs and standards have been developed with today’s major markets in mind, Europe and North America. However, the bulk of future markets are expected to be in geographic areas where the meteorological and environmental conditions are much more extreme. Think cyclones, heavy rain and lightning. IRENA estimates that Asia will lead in onshore wind installations with over half of the total global capacity installed (>2,600 GW) by … [Read more...]

Filed Under: Energy, Renewables Tagged With: Asia, insurance, Latin_America, regulations, renewables, wind

Report maps out the new geopolitical power dynamics created by renewables

January 15, 2019 by IRENA

A new report by the Global Commission on the Geopolitics of Energy Transformation says the new energy age will profoundly reshape relations between states and regions. It will bring “A New World” of power, security, energy independence and prosperity. It will also reshape the geopolitical map, just as fossil-fuels have done over the last 200 years. No nation will be unaffected. … [Read more...]

Filed Under: Climate policy, Energy, Oil, Gas & Coal, Renewables Tagged With: Africa, Americas, Asia, Energy, Europe, fossil-fuels, geopolitics, ghg, IRENA, minerals, renewable, solar, transition, wind

Most read this week

  • Make Hydrogen in developing nations: share prosperity while meeting our climate goals by Dolf Gielen | posted on January 26, 2023
  • Utah: 140MW Geothermal bid can beat the cost and performance of the proposed Nuclear SMR by Dennis Wamsted | posted on January 27, 2023
  • Biofuel is approaching a feedstock crunch. How bad? And what must be done? by IEA | posted on January 23, 2023
  • 10 Carbon Capture methods compared: costs, scalability, permanence, cleanness by Ella Adlen | posted on November 11, 2019
  • Concrete: 8% of global emissions and rising. Which innovations can achieve net zero by 2050? by Ben Skinner | posted on January 24, 2023
  • Can Aluminium-air batteries outperform Li-ion for EVs? by Helena Uhde | posted on September 8, 2021
  • EU ETS and CBAM: what the big update to emissions trading rules means for Europe’s key sectors by Simon Göss | posted on January 16, 2023
  • Micro-nuclear reactors: up to 20MW, portable, safer by Christina Nunez | posted on April 22, 2021
  • EU Energy Outlook to 2060: how will power prices and revenues develop for wind, solar, gas, hydrogen + more by Alex Schmitt | posted on December 6, 2022
  • Smart Glasses: experts can monitor and advise on power plant inspections anywhere in the world by Christoph Gatzen | posted on January 25, 2023
  • Gravity Batteries: any nation can do it at scale using rocks by Simon Read | posted on July 27, 2022
  • What’s best for Hydrogen transport: ammonia, liquid hydrogen, LOHC or pipelines? by Herib Blanco | posted on May 5, 2022
  • Hydrogen production in 2050: how much water will 74EJ need? by Herib Blanco | posted on July 22, 2021
  • Why hydrogen fuel cell cars are not competitive — from a hydrogen fuel cell expert by Zachary Shahan | posted on June 17, 2016
  • The 10 big problems with simply replacing fossil cars with electric by Schalk Cloete | posted on December 6, 2021
  • Europe needs a Regional Green Bank to fulfil its Green Deal and match the U.S. by Esmeralda Colombo | posted on January 20, 2023
  • How to sell Heat Pumps to the public in Europe by Helena Uhde | posted on January 19, 2023
  • The U.S. should support the EU’s Carbon Border Adjustment Mechanism (CBAM) by Joseph Majkut | posted on January 30, 2023
  • Critical Raw Materials for the energy transition: Europe must start mining again by Frank Umbach | posted on January 10, 2022
  • 2023 lookahead for Sustainable Finance: EU Taxonomy, ESG ratings, corporate disclosure laws, Europe’s “IRA” by Luca Bonaccorsi | posted on January 12, 2023

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  • The U.S. should support the EU’s Carbon Border Adjustment Mechanism (CBAM)
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      Recent Posts

      Wind (and Solar) need their own Financial Transmission Rights to hedge their unique congestion risks

      The U.S. should support the EU’s Carbon Border Adjustment Mechanism (CBAM)

      Utah: 140MW Geothermal bid can beat the cost and performance of the proposed Nuclear SMR

      Make Hydrogen in developing nations: share prosperity while meeting our climate goals

      Smart Glasses: experts can monitor and advise on power plant inspections anywhere in the world

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