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Message to environmentalists and the left: you can’t oppose both fossil investments and Carbon Pricing

January 13, 2023 by Catherine Wolfram

Environmental and social justice opponents of fossil investments need to think carefully about the consequences of preventing all forms of new fossil infrastructure and maintenance. As Catherine Wolfram at the Haas School of Business explains, if fossils are phased out faster than clean energy is phased in, consumer prices go up and the fossil firms profit. A carbon price – often opposed by the same U.S. “progressives” as a tax disproportionately … [Read more...]

Filed Under: Energy, Oil, Gas & Coal Tagged With: CarbonPrice, fossils, gas, investment, IRA, pipelines, prices, taxes

$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

Project Air: building a first-of-a-kind, large-scale sustainable methanol plant for the chemicals industry

July 5, 2022 by Project Air

Project Air is creating a first-of-a-kind, large-scale sustainable methanol plant. It uses CCU for converting CO2, residue streams, green hydrogen and biomethane into methanol. It’s a collaboration between specialty chemicals innovator Perstorp (Sweden) and energy firms Fortum (Finland) and Uniper (Germany). Perstorp aims to be the first chemical producer to replace all fossil-based methanol for its European production facilities (200,000 tons … [Read more...]

Filed Under: Energy, Industry Tagged With: biomethane, CarbonPrice, CBAM, CCU, chemicals, ETS, EU, FitFor55, Fortum, hydrogen, innovation, methanol, Perstorp, REDIII, REPowerEU, Uniper

Will this be the decade of Carbon Capture or another false start?

December 10, 2021 by Samantha McCulloch

Ten years ago there was a major drive to get carbon capture off the ground. But only 30% of the earmarked $8.5bn worldwide was ever spent. Spending timescales were too short, deadlines were missed, projects were too focussed and too complex, and long-term liability was poorly understood and managed. This time it can be different, says Samantha McCulloch at the IEA who compares that faltering history with the plans now being put in place. New … [Read more...]

Filed Under: Carbon Capture, Energy Tagged With: AirProducts, australia, Canada, CarbonPrice, CCS, CCUS, CDR, Denmark, Europe, industry, investment, Microsoft, Netherlands, Norway, transportation, UK, UnitedAirlines, US

Will Wind & Solar confront its 10 challenges? If not, we need Nuclear, CCS, and more

November 2, 2021 by Schalk Cloete

Wind and solar’s impressive cost declines have seen its welcome and rapid emergence. But currently they account for a mere 2–4% of global energy. So these variable renewable energy sources (VREs) must now address 10 big challenges if they are to dominate the energy sector, explains Schalk Cloete in this data-led review. Their cost declines will be confronted and even cancelled by new costs they’ve not yet faced during their low-hanging-fruit … [Read more...]

Filed Under: Energy, Renewables Tagged With: biomass, CarbonPrice, CCS, CCUS, CDR, hydrogen, industry, jobs, minerals, Nuclear, poverty, solar, storage, Transmission, transport, VRE, wind

Modelling Hydrogen’s role in high penetration Wind + Solar grids

October 27, 2021 by Kelley Travers

A hydrogen ramp-up is going to be expensive and asset-heavy. So, a whole-system analysis is needed to ensure its deployment is done cost-effectively today and meets long term goals. This is what all nations committing to hydrogen are struggling with. Kelley Travers at MIT describes their modelling, in collaboration with Shell, that looks at the optimisation of hydrogen deployment in grids where variable renewables (VREs) like wind and solar are … [Read more...]

Filed Under: Energy, Hydrogen Tagged With: buildings, CarbonPrice, CCS, CCUS, gas, grids, hydrogen, industry, pipelines, solar, stability, storage, transportation, VRE, wind

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

Aviation, Steel, Shipping CEOs ask COP26 to back their decarbonisation pathways

October 21, 2021 by John Matson

The seven “hardest to abate” industries together account for 30% of global greenhouse gas emissions. They are aviation, steel, shipping, cement, aluminium, trucking and chemicals. John Matson at RMI explains how a growing number of sector-leading corporates in aviation, steel and shipping are now openly backing net-zero pathways. He quotes CEOs and top executives (ArcelorMittal, United Airlines, Trafigura) on what they say they are determined to … [Read more...]

Filed Under: Energy, Industry Tagged With: Airbus, aluminium, ArcelorMittal, aviation, CarbonBorderAdjustment, CarbonPrice, cement, chemicals, COP26, decarbonisation, Delta, electrification, emissions, fuels, investment, KLM, Maersk, shipping, steel, Trafigura, trucking, United Airlines, VirginAtlantic

Gas crunch: market and policy causes, and lessons learned

October 5, 2021 by Andrei Belyi

Andrei Belyi at the University of Eastern Finland says there are three main causes behind the huge rise in European gas prices. Everyone already understands that the reversal of the previous gas glut that gave us such low prices has been caused by a decline in European gas production, LNG imports and Russian gas deliveries. Added to that is the utilities’ reliance on spot contracts rather than termed contracts – great when prices were low – that … [Read more...]

Filed Under: Energy, Oil, Gas & Coal Tagged With: CarbonPrice, deliveries, EU, Europe, gas, imports, LNG, NordStream2, prices, production, Russia, spot, Ukraine, utilities

Next German government’s climate and energy plans: what will Olaf Scholz do?

October 4, 2021 by Kerstine Appunn and Benjamin Wehrmann

Olaf Scholz led Germany's Social Democrats (SPD) to an unexpected win in the 2021 elections held in September. He now needs to finalise a coalition with the Green Party and the pro-business FDP before forming a government and becoming chancellor. Like his predecessor Angela Merkel, Scholz has said he wants to become a "climate chancellor". Kerstine Appunn and Benjamin Wehrmann at Clean Energy Wire try to understand what his climate and energy … [Read more...]

Filed Under: Energy, Policies Tagged With: CarbonPrice, carmakers, chancellor, Climate, CoalExit, emissions, Energy, EVs, finance, Germany, grids, renewables, rooftop, Scholz, solar, SPD, sustainable, transport, wind

EU’s Carbon Border Adjustment Mechanism lacks the detail to drive industry’s relocation near clean energy

June 15, 2021 by Dolf Gielen, Paul Durrant, Barbara Jinks and Francisco Boshell

High emissions industries should be relocated to where the cheap clean energy is. So long as the shipping costs (in terms of price and emissions) aren’t prohibitively high, those locations can be anywhere in the world. To get the calculations right, Carbon Border Adjustment Mechanisms (accounting for the emissions of imported goods) must be harmonised internationally. They must also – crucially – count all relevant emissions. But the EU’s draft … [Read more...]

Filed Under: Energy, Industry, Renewables Tagged With: aluminium, ammonia, CarbonPrice, CBAM, cement, emissions, EU, hydrogen, industry, iron, methane, relocation, steel

The EU’s “Fit for 55” package: a primer on the EU ETS and other main policy levers

June 8, 2021 by Lara Dombrowski and Simon Göss

On July 14 the European Commission will present the much awaited “Fit for 55” legislative package. Lara Dombrowski and Simon Göss at Energy Brainpool have written a very useful primer on what’s at stake for the EU ETS, along with a summary of the other main policy levers that will be decided upon. The authors describe the EU ETS as the central instrument for reducing greenhouse gas emissions. It caps emissions for 10,000 power sector, industrial … [Read more...]

Filed Under: Energy, Policies Tagged With: allowances, aviation, CarbonPrice, EC, emissions, EU, EUETS, industry, MSR, power, transport

Fit for 55: Does squeeze on gas make coal exit harder? Event summary + video

May 26, 2021 by Sara Stefanini

On May 18, 2021, Energy Post hosted an expert panel with the European Commission, E3G, CERRE and PKEE (the Polish Electricity Association, who also sponsored the discussion). It looked at some of the key EU support mechanisms offered to countries/companies transitioning away from coal, including the EU ETS' Modernisation Fund, the Just Transition Fund  and also how State Aid Guidelines (EEAG) contribute. We asked Stefaan Vergote (Senior Advisor … [Read more...]

Filed Under: Energy, Events, Expert Panel Tagged With: biomass, CarbonPrice, CEE, coal, Czechia, EEAG, EU, EUETS, gas, Germany, grids, Hungary, jobs, lignite, MMF, ModernisationFund, NRRP, Nuclear, Poland, Slovakia, spain, UK

Coal exit: EU policy revisions must face both tech and socioeconomic obstacles

April 20, 2021 by Pieter de Pous

By 2030, the EU must cut its emissions by at least 55% compared to 1990 levels. Agreeing on the target was hard enough. Much harder will be agreeing on the design of the rules, regulations and financial support needed to achieve it. Pieter de Pous at E3G scopes out the major decline already experienced by coal - the worst emitting energy source - before looking at the challenges faced by heavy coal users in Central and Eastern Europe (CEE). The … [Read more...]

Filed Under: Energy, Oil, Gas & Coal Tagged With: CarbonPrice, CEE, coal, Czechia, EEAG, EU, EUETS, Germany, grids, Hungary, lignite, ModernisationFund, Poland, Slovakia, spain, UK

“The Role of the EU ETS in Decarbonisation to 2030” [written summary of the panel discussion]

March 26, 2021 by Sara Stefanini

Here you can read a summary of the online discussion from March 19th 2021 on the current debate over the review of the EU ETS. The full video is available here. Of primary concern for fossil-dependent lower income nations is the carbon price rising so high that it reduces available budget for investment in clean energy. If that happens there’s clearly a problem. The counter argument is that there are other funding mechanisms available, and more … [Read more...]

Filed Under: Energy, Oil, Gas & Coal Tagged With: CarbonPrice, coal, EUETS, lignite, ModernisationFund, PGE, Poland, renewables, solar, wind

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Most read this week

  • Financing Renewable Hydrogen globally: ramp up to 2030 only needs $150bn/year by Dolf Gielen | posted on May 26, 2023
  • Five charts on the Energy Transition: the 2020s is the decade of maximum disruption. By 2030 the endgame will be clear by Sam Butler-Sloss | posted on May 25, 2023
  • Making Hydrogen direct from seawater using double-membrane electrolysis by David Krause | posted on May 24, 2023
  • 10 Carbon Capture methods compared: costs, scalability, permanence, cleanness by Ella Adlen | posted on November 11, 2019
  • Understanding the new EU ETS (Part 2): Buildings, Road Transport, Fuels. And how the revenues will be spent by Simon Göss | posted on February 6, 2023
  • Micro-nuclear reactors: up to 20MW, portable, safer by Christina Nunez | posted on April 22, 2021
  • Oil & Gas can meet 2030 net-zero target for only $600bn, quickly recouped. But it’s still not happening, warns IEA by IEA | posted on May 22, 2023
  • Gravity Batteries: any nation can do it at scale using rocks by Simon Read | posted on July 27, 2022
  • The history of evidence of CO2-driven climate change starts in the mid-1800s by Marc Hudson | posted on May 23, 2023
  • The 10 big problems with simply replacing fossil cars with electric by Schalk Cloete | posted on December 6, 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
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  • Hydrogen production in 2050: how much water will 74EJ need? by Herib Blanco | posted on July 22, 2021
  • Enhanced Weathering: crushed rocks spread on farmland can capture billions of tons of CO2/year by Benjamin Houlton | posted on July 21, 2020
  • U.S. EPA: new rules proposed for cutting Fossil Fuel-Fired Power Plant emissions by Cy McGeady | posted on May 30, 2023
  • Why hydrogen fuel cell cars are not competitive — from a hydrogen fuel cell expert by Zachary Shahan | posted on June 17, 2016
  • EU Carbon Removal Certification Framework: new rules to turn greenwashing into genuine removals by Simon Göss | posted on May 16, 2023
  • Modelling green Ammonia and Methanol in 2050. It will be expensive by Schalk Cloete | posted on September 9, 2022
  • Germany: will the end of feed-in tariffs mean the end of citizens-as-energy-producers by Isabel Sutton | posted on June 3, 2021
  • Can Aluminium-air batteries outperform Li-ion for EVs? by Helena Uhde | posted on September 8, 2021

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      Recent Posts

      U.S. EPA: new rules proposed for cutting Fossil Fuel-Fired Power Plant emissions

      Financing Renewable Hydrogen globally: ramp up to 2030 only needs $150bn/year

      Five charts on the Energy Transition: the 2020s is the decade of maximum disruption. By 2030 the endgame will be clear

      Making Hydrogen direct from seawater using double-membrane electrolysis

      The history of evidence of CO2-driven climate change starts in the mid-1800s

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