Combine the current energy crisis with the geopolitical ambitions of Russia and China, and you have your reason for why the U.S. and its allies should prioritise nuclear, argues Robert Ichord at the Atlantic Council. All three nations have well-developed world-leading nuclear sectors. But itâs Russia that has been the largest exporter of nuclear reactors to the world market. Meanwhile, China has the most plants under construction at twenty. The … [Read more...]
Event Summary: âCHINA: Carbon Neutral by 2060 â The Future of Gasâ
Here are the written highlights of our 2-day 4-session workshop âCHINA: Carbon Neutral by 2060 â The Future of Gasâ, compiled by Helena Uhde at ECECP. Here you can quickly see the main points made by our expert panellists. Global events have made gas the hottest of issues, and the implications for both Europe and China are strongly reflected in all the sessions. The four session topics were Security of Supply, CCUS for the Gas Sector, Competitive … [Read more...]
Industrial Policy: Chinaâs always had it, the U.S. has rediscovered it, the EU now needs it too
Chinaâs performance â both in and outside the energy sector â has always been driven by wide-reaching industrial policy. In the last few decades it has consistently delivered results. Meanwhile, the U.S. has kept shifting up the gears of its pro-U.S. interventionist industrial policy since Donald Trump: though socially right wing, he was a protectionist president whose ambition was to boost domestic industries. Today, president Bidenâs âInflation … [Read more...]
China: decades of support for innovation is now delivering results
The evolution of Chinaâs clean energy sector used to be based on a technology catch-up approach, which meant secondary innovation based on imported technologies. Daisy Chi at ECECP looks at the IEAâs recent report, âTracking Clean Energy Innovation: Focus on Chinaâ, to conclude that the nation is now a major force in clean energy innovation. Decades of innovation-focussed policies, strong funding support, institutional reforms, big targets and … [Read more...]
INTERVIEW: ANDREA STEGHER Vice President International Gas Union “We need every instrument at our disposal to fight climate change”
Energy Post's Matthew James talks to Andrea Stegher, Vice-President of the IGU about price caps, security of supply, CCUS, Markets and Renewable Gases ahead of our conference "The Future of Gas" tomorrow and Thursday online from 09:00 to 12:15 both days. You can REGISTER NOW. In the interview, Andrea talks about the importance of cooperation, innovation and above all a need to invest in all the instruments available to fight global warming - … [Read more...]
Can Chinaâs 14th 5-year-plan for Renewable Energy deliver an early emissions peak before 2030?
At the beginning of June China released its 14th five-year plan (FYP) for renewable energy for the five years 2021-2025. Hu Min at Innovative Green Development Program, writing for Carbon Brief, reviews the planâs targets and actions, and its implications. Unchanged from the 13th FYP, 25% of Chinaâs energy will come from non-fossil sources by 2030. But the 14th FYP says at least half of the increase in electricity demand will be covered by … [Read more...]
EVs vs Biofuels: new study looks at ethanolâs impact on agricultural land use, food prices, emissions
For transport, biofuels have lower emissions than gasoline/petrol, but EVs will have the lowest emissions of all. Hence the opposition to those biofuels, along with objections to the valuable cropland used to make the ethanol. But the overall advantage depends on the speed of transition to EVs charged with clean electricity. Now, a calculation has been made of the amount of agricultural land preserved for global food production - or kept as … [Read more...]
Energy security concerns are building momentum for Nuclear
The IEAâs latest report on nuclear power recommends a doubling of capacity by 2050. It emphasises that, though many advanced economies are planning a decline, 32 nations have nuclear today and reactors are now under construction in 19 countries. Itâs evidence of a momentum behind nuclear power that should be further stimulated by recent spikes in oil, gas and electricity prices, says the IEA. Russia and China remain nuclear advocates, which … [Read more...]
Will price caps on Russian oil work? Three experts debate
Whatever the G7 does, the objective is to cut revenues flowing into Russia, not oil flowing out. And whatever the sanctions, getting compliance from neutral and pro-Russian countries will need a strong positive incentive. Hence the idea of a price cap which would keep prices low. Here, three experts â Edward Fishman and Brian OâToole at the Atlantic Council, and Mark Mozur at S&P Global Commodity Insights (with background by Atlantic … [Read more...]
China tariffs: Bidenâs plan to unblock domestic Solar manufacturing
The U.S. solar industry has been caught up in the wider tariff disputes with China, a key exporter of solar panels and components. The Solar Energy Industries Association estimates hundreds of projects have been cancelled or delayed, totalling more than 50GW (thatâs over twice the total US solar installations of 2021), putting 100,000 jobs at risk (almost half the solar workforce). John Rogers at UCS explains what the Biden administration is … [Read more...]
EUâs latest sanctions on Russian Oil: what are they and will it work?
On June 3, the EU agreed an embargo on Russian crude oil and petroleum products. Ben Cahill at the Center for Strategic and International Studies looks at the details of the latest sanctions imposed in response to Russia's ongoing invasion of Ukraine, and assesses the possible consequences. The aim is to cut oil imports from Russia by 90 percent by February 2023. A critical part of the sanctions is a ban on providing shipping insurance to Russian … [Read more...]
Critical minerals: price spikes are affecting Wind, Solar, Batteries, EVs
A wide range of critical minerals are needed for the energy transition. Tae-Yoon Kim at the IEA summarises the reasons why we should expect this to be a year of price spikes due in the main to the Russia-Ukraine war and post-lockdown supply chain bottlenecks. So severe is the problem that the long record of declining costs in clean energy technologies like solar, wind, batteries and electric vehicles is being reversed. Although these crises will … [Read more...]
Event Summary: âCHINA: Carbon Neutral by 2060 â Innovationâ
Here are the highlights of our 2-day 4-session workshop âCHINA: Carbon Neutral by 2060 - Innovationâ, compiled by Sara Stefanini. Itâs a quick and efficient way for readers to see the main points made by our expert panellists. Held at the end of May, it was the fourth of our EU-China workshops since the first was held in November 2020, produced for the EU China Energy Cooperation Platform (ECECP). As always, leading speakers from the EU, major … [Read more...]
Netherlands and China co-operate on Aquifer Thermal Energy Storage for heating and cooling
Aquifer Thermal Energy Storage (ATES) accesses the stable temperature of groundwater to warm buildings in winter and cool them in summer. The solution uses much less power than conventional heating and cooling systems. As Daisy Chi at ECECP explains, ATES first took off in China in the 1960s but ran into problems with the required circulation of the groundwater. However, the technology has been developed and optimised in the Netherlands: of the … [Read more...]
Will Chinaâs gigantic wind and solar âbasesâ mean targets met four years early?
China will have doubled its 2020 installed wind and solar capacity by 2025, exceeding 1,100GW, according to government plans. Thatâs four years sooner than required to meet their target of peak CO2 emissions by 2030 and carbon neutrality before 2060. Writing for Carbon Brief, Lauri Myllyvirta and Xing Zhang at CREA explain that the main driver is the creation of âclean energy basesâ: large-scale concentrations of wind and solar power on deserts … [Read more...]
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