Developed nations need to double or triple their current efforts to limit global warming to a âsafeâ level of 2â°C, write Anita Talberg and Malte Meinshausen of the University of Melbourne. Thatâs the finding of a study published on 26 October in Nature Climate Change assessing countries' post-2020 climate pledges ahead of Decemberâs international climate summit in Paris. … [Read more...]
From the horseâs mouth: The new oil world is radically different from the old one
We have entered a new oil world in which most of the old oil market truths can go overboard. This was the stark message given off by BPâs Chief Economist Spencer Dale in a speech he gave in London on 13 October. According to Dale, oil market realities have changed fundamentally: âWe need a new set of principles reflecting the New Economics of Oilâ. Karel Beckman discusses the profound implications following from Daleâs ground-breaking analysis. … [Read more...]
Exit Ahead â Shell at the end of the Oil Superhighway
Shellâs departure from the Arctic is a very significant event in the global energy picture, writes Energy Post editor-in-chief Karel Beckman. It is another sign that the End of the Oil Age is in sight. … [Read more...]
Caught out by double dip: why the oil glut may lead to a new world of energyÂ
Market watchers were caught out by the recent second slump in oil prices. They thought the bottom had been reached earlier this year. Could we be a witnessing a fundamental shift in the energy industry, wonders energy expert and author Michael T. Klare? "Investment in 'unconventional' projects like Canadian tar sands, ultra-deep Atlantic fields and Arctic oil will largely disappear." … [Read more...]
Saudis could face open revolt at next OPEC meeting
Market watchers assume that Saudi Arabia will not change its oil policy any time soon, which means that oil prices will continue to be in the doldrum for quite some time. However, Dalan McEndree of Oilprice.com points out that the Saudis may well face an open revolt from fellow OPEC members at the next OPEC meeting. They will then be faced with the choice to cut production - or see OPEC fall apart. … [Read more...]
“Huge challenge to deliver enough oil and gas for 2ÂșCâ â Statoil on Paris climate talks
In this video for viEUws - the EU Policy Broadcaster - journalist Sonja van Renssen is joined by Jos Delbeke (Director General for Climate Action, European Commission), Kathleen Van Brempt MEP (Vice-president of the S&D Group) and Eirik WĂŠrness (Chief Economist and Vice President, Statoil) to debate the question: âRoad to Paris: can the EU retain its leadership role at COP21?â … [Read more...]
Non-state actors account for growing share of emission reductions
International climate initiatives by non-state actors account for roughly half of the emission reductions pledged by governments, according to conservative calculations made by consultancy Ecofys. Cities and regions provide the larger part of these efforts, companies about a quarter. That is not yet enough to bridge the gap to the reductions that are needed, but there is scope for a further increase, write Rolf de Vos and Kornelis Blok of Ecofys. … [Read more...]
Heaven belongs to us all – the new papal encyclical
With his encyclical "Laudato Si" the Pope has written more than a moral appeal without obligation. He has presented a pioneering political analysis with great explosive power, which will probably determine the public debate on climate change, poverty and inequality for years to come, argues Brigitte Knopf from the Mercator Research Institute on Global Commons and Climate Change. Through her secular eyes the implications of the encyclical become … [Read more...]
Worldâs largest investment fund from Norway set to divest from coal
The Finance Committee of the Norwegian Parliament has issued a unanimous recommendation to divest the countryâs sovereign wealth fund from the coal industry. The Norwegian Government Pension Fund Global (NGPFG) is the worldâs largest sovereign wealth fund and one of the top ten investors in the global coal industry. Environmental organisations are elated. They expect that many billions of euros will be withdrawn from the coal sector. … [Read more...]
Why Shell can’t quit the Arctic
Despite the damage to its reputation, Shell insists on continuing its controversial Arctic campaign. The company says that the world needs the oil and gas resources of the Arctic. But according to Energy Postâs editor-in-chief Karel Beckman, itâs really Shell itself that needs those resources. … [Read more...]
Historic deal in Brussels: EU decides the future of its carbon market
The European Parliament and Member States have reached a historic deal on the first half of a two-part reform of the EU Emission Trading Scheme (ETS). This is the introduction of a âmarket stability reserveâ (MSR) that will mandate EU officials to add or remove allowances from the market according to pre-set rules. The MSR is supposed to wick away the enormous 2.1 billion "surplus" of carbon allowances that has accumulated in the market over the … [Read more...]
ExxonMobil gets a cold reception in Brussels
William Colton, Vice President Corporate Strategic Planning at ExxonMobil, came to Brussels this week, to the Centre for European Policy Studies (CEPS), to present ExxonMobilâs view of our energy future to representatives from EU institutions. It was a clash of two worlds. Brussels failed to be impressed. Mike Parr of the independent consultancy PWR was there. … [Read more...]
IEA: Clean energy progress falls well short of what is needed
It is ârealistic and economically sensible to pursue a clean energy agendaâ, states the International Energy Agency (IEA) in a new edition of its annual Energy Technology Perspectives. But, it addsâ: âclean energy progress is failling well short of the levels needed to limit the global increase to no more than 2 degrees Celsiusâ. Governments must do much more to stimulate the uptake of clean energy and energy efficiency technologies. … [Read more...]
UBS: closures coal and gas fired power plants in Europe accelerating
The influx of renewable energy sources such as wind and solar into energy markets is forcing coal and gas fired generation out of the market even quicker than most analysts expected, according to a new market report from investment bank UBS. According to UBS, policymakers may have to take measures to prevent widespread bankruptcies in the European electricity market, writes Giles Parkinson of Reneweconomy.com.au. … [Read more...]
Less worldly, more wise: a letter to Ben van Beurden, CEO of Shell
In a speech given in London in February, Ben van Beurden, CEO of Shell, called on the energy industry to be "less aloof, more assertive" in the debate about climate change. Van Beurden stressed that "the world's energy needs will underpin the use of fossil fuels for decades to come" and called for "realism and practicality". In a speech given in Paris in March, John Ashton, independent speaker, former UK Special Representative for Climate Change … [Read more...]
- « Previous Page
- 1
- …
- 9
- 10
- 11
- 12
- 13
- Next Page »