“The energy transition presents great opportunities for oil and gas companies to develop new forms of energy and gradually move away from fossil fuels”, says Jeroen van der Veer, former CEO and Chairman of Shell in an exclusive interview for World Energy Focus, a monthly publication of the World Energy Council produced by Energy Post. But the former Shell boss rejects the idea that the oil companies are in danger of ending up with large “stranded … [Read more...]
Search results for Climate Policy Tags
European dash for gas at odds with climate ambitions
European energy and European climate policies, although often portrayed as being two sides of the same coin, are still not sufficiently harmonised, writes Stefan Bößner, Research Fellow at the Stockholm Environment Institute. The EU’s new LNG and gas storage strategy serves as a prime example where EU energy security concerns work against climate protection efforts. The strategy is likely to lead to costly investments into infrastructure which … [Read more...]
Barclays: Germany’s coal generation may be worthless by 2030
Reneweconomy.com The 46,000MW of black and brown coal fired generation currently in service in Germany will be worthless in little more than a decade if the country adopts the targets embraced at the Paris climate change conference, a new analysis from Barclays says. … [Read more...]
Carbon capture for natural gas as the missing climate solution
Natural gas with carbon capture and storage could be an ideal long-term cheap and reliable low-carbon energy source, writes Albert Gilbert, cofounder of US-based energy research platform Spark Library. Compared to coal, using carbon capture for natural gas is both cheaper and cleaner. However, much more needs to be done to make commercial development of natural gas with CCS possible. … [Read more...]
How much can the next president influence the US energy system?
There have been dramatic changes in the U.S. energy system under our current president – a big drop in the use of coal, a boom in domestic oil and gas development from fracking, and the rapid spread of renewable energy. But in terms of influencing energy technology deployment, the next president will have a lot less influence than you might expect, writes Carey King, Research Scientist at the University of Texas. … [Read more...]
Brexit Britain: the balance sheet on energy and climate policy
In the energy sector, the disadvantages of EU membership overwhelmingly outweigh the advantages, the Business for Britain lobby group has argued. David Buchan and Malcolm Keay of the Oxford Institute for Energy Studies (OIES) and authors of a new book on the Energy Union, conclude, however, that EU constraints on UK energy policy have been minimal and benefits have been many. The consequences of a Brexit for the UK energy sector are not clear, … [Read more...]
Is oil becoming stranded?
The risk of stranded oil assets may be greater than many people think, writes Paul Spedding, former Global Co-Head of Oil and Gas Research at HSBC and advisor to the non-profit financial think tank Carbon Tracker, which popularised the term “carbon bubble”. According to Spedding, climate policies may well lead to a drop in demand that will leave oil reserves destined for future production stranded. … [Read more...]
How can we move beyond oil?
The US is moving beyond coal, but when it comes to oil, the energy transition has only just begun, writes Justin Guay, Program Officer, Climate at the David and Lucile Packard Foundation. Oil still dominates the transport market – and the political landscape. According to Guay, to move beyond oil, there is only one solution: to embrace the opportunity of shared, autonomous, electrified mobility. Article co-authored with Anthony Eggert of … [Read more...]
The looming Nordic energy crisis
Sweden is faced with the possible shutdown of its entire nuclear generating capacity. This could result in grid instability, price hikes and much higher greenhouse gas emissions, writes Rauli Partanen, an independent analyst and author on energy and the environment. Partanen calls on policymakers to take action to avoid a Swedish nuclear phaseout. … [Read more...]
National Parliaments should approve Paris Climate Agreement before it is a done deal
The European Commission is taking steps to have the Paris climate agreement ratified and signed at EU level, without involving the parliaments of the Member States. Although this may be formally acceptable, it is a bad idea, writes Lucas Bergkamp, Partner at the Brussels-based law firm Hunton & Williams: it will aggravate the EU’s ‘democratic deficit’, weaken popular support for climate action and will leave intact key weaknesses in the … [Read more...]
BP says not to worry, good times will return
Aside from minor adjustments, BP’s latest Energy Outlook is mostly business-as-usual, writes Fereidoon Sionshansi, president of Menlo Energy Economics and publisher of the newsletter EEnergy Informer. BP seems to have missed out entirely on the agreement reached in Paris in December 2015, as if it did not happen, notes Sionshansi: "The Outlook seems more of a wish list than a forecast." … [Read more...]
Exxon’s never-ending big dig
ExxonMobil not only appears to have ignored its own scientists when they warned about the dangers of greenhouse gas emissions in the 1980s, the company even took advantage of its inside knowledge by leasing large tracts for Arctic oil exploration, writes famous author and activist Bill McKibben in a revealing essay. What is worse, says McKibben, is that even today Exxon continues to spend billions finding and producing ever more fossil fuels. But … [Read more...]
Wind top new power capacity source in Europe
In 2015 12,800 MW of new wind power capacity was installed in the EU, an increase of 6.3% over 2014, and more than any other form of power generation, according to recent new figures from the European Wind Energy Association (EWEA). Wind power accounted for over 44% of total power capacity installations in the EU last year. … [Read more...]
China’s electricity mix: changing so fast that CO2 emissions may have peaked
China installed a world record of 32.5 gigawatts (GW) of wind power last year, and a world record 18.3 GW of solar power, according to official figures from the National Bureau of Statistics of China on 29 February. Coal consumption fell 3.7%, nuclear power grew 30% and natural gas 3.3%. These trends mark a rapid diversification of China’s electricity generation capacity with reduced dominance of coal. Some even believe China’s CO2-emissions have … [Read more...]
Robert Johnston, CEO Eurasia Group: “Take a seat at the table and advocate for gas”
The big question in the energy sector today is whether the world will move to a zero-carbon policy in which fossil fuels have no place, or a world in which natural gas is part of the solution, says Robert Johnston, CEO of US-based consulting firm Eurasia Group, in an interview with World Energy Focus. Johnston advises companies to “take a seat at the policy table and advocate for gas” to counter “growing demands to exclude natural gas”. … [Read more...]
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