Hundreds of country negotiating teams have been meeting in Lima, Peru over the past two weeks for the latest round of international climate negotiations. Mat Hope of The Carbon Brief gives an excellent overview of the results and discusses next steps. Overall conclusion: international climate negotiations have taken a step forward, but only a very small step. … [Read more...]
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EXCLUSIVE – new Vattenfall CEO Magnus Hall: “What is true for Eon, is pretty much true for us”
Vattenfall’s CEO Magnus Hall likens the selling of its lignite operations in Germany to Eon’s recent split in two. “The problem we needed to solve was the CO2 issue,” says Hall in an exclusive interview with Energy Post. The new chief of the Swedish state-owned company has abandoned the idea of splitting up the company geographically. Its future lies in sustainability, says Hall, e.g. in offshore wind. He notes the European market is distorted by … [Read more...]
Lima: a trillion reasons why climate talks may still fail
Hopes are high at the UN Climate Conference that has started this week in Lima, Peru. There are many signs that a turning point has been reached, writes Giles Parkinson of Reneweconomy.com. But the hurdle is still high: to meet the 2C target, two-thirds of known fossil fuel reserves have to stay in the ground, costing the oil and coal sector $1 trillion a year in lost revenue. … [Read more...]
US national interest requires clean energy, not fossil fuels
Many vested interests with short-term perspectives are fighting to maintain US dependence on fossil fuels. The long-term national interest, however, requires that the US makes a speedy transition to a clean energy society, writes energy expert Allan Hoffman. According to Hoffman, the shale revolution is only a temporary phenomenon. A continued reliance on oil and gas will imperil the nation’s future. … [Read more...]
Can we use gas as a ‘bridging fuel’ to a low carbon world?
Gas can be a bridge fuel, displacing coal and reducing carbon emissions, concludes a new report from the UK Energy Research Centre. But only for the next twenty years, and only if the world sorts out carbon capture and storage (CCS) and sees a dramatic cut in coal use. Christian Hunt of the Carbon Brief has the story. … [Read more...]
In the new energy security war, Europe has the upper hand over Russia, say top US officials Â
Concerns about energy security have shot to the top of the political agenda in Europe. But the US has no intention of letting the EU down. “The United States will be working with the EU to develop a plan for the mid- to long-term evolution of a more energy-secure future”, said US Secretary of Energy Ernest Moniz at a conference of the Atlantic Council in Istanbul. At this summit, top US officials and energy experts showed themselves surprisingly … [Read more...]
Fossil-fueled Republicanism: what to expect from the new US Congress
While more and more people around the world are coming to recognize the need for restraints on fossil fuel consumption, the new Republican-dominated Congress will lead the United States in the opposite direction, writes Michael Klare, author of many books and articles on energy policy. Klare outlines the energy policies the Republicans in Congress are likely to pursue and explains what is behind their fervent commitment to oil and gas. In an … [Read more...]
World Energy Council: Germany and Spain less energy secure, UK and Japan on watch list
The new release of the World Energy Council’s annual Energy Trilemma Index, a ranking of countries based on their energy security of supply, affordability and sustainability, shows that Germany and Spain have gone down in their ratings. The UK and Japan have been placed on “negative watch”, showing a downward trend in energy security. In an interview with Energy Post, Joan MacNaughton, Executive Chair of the World Energy Trilemma work, notes that … [Read more...]
The Five Energy Labours of Juncker
The new team heading the European Commission in Brussels is lucky. Its predecessors closed two sensitive deals before the reshuffle: a European energy and climate strategy for 2030 and a gas winter package between Ukraine and Russia. On top of that, outgoing Energy Commissioner GĂĽnther Oettinger finished off a thick report on the way forward for a European energy market. The new Commission will follow up on these three dossiers, plus two more … [Read more...]
The “historic” US-China climate change deal confirms that we are failing in the fight against climate change
The US-China Joint Announcement on Climate Change made on 11 November, has been hailed by many as a historic breakthrough in the fight against climate change, but it has also met with quite a bit of scepticism. Robert Wilson, who publishes the blog The Energy Transition on the website of The Energy Collective, argues that the agreement between the two largest economies in the world demonstrates that the world is failing to deal with the threat of … [Read more...]
Let’s not forget those fossil fuel subsidies
The IEA’s World Energy Outlook (WEO), published on 12 November, has – not for the first time – put the spotlight on the huge subsidies given worldwide for the use and production of fossil fuels. And these do not include other costs (e.g. the hundreds of billions in US military spending to garrison the Middle East) and externalities caused by our oil, gas and coal use. Sophie Vorrath of RenewEconomy presents the main figures from the WEO. … [Read more...]
What are we to make of the US and China’s "historic" climate deal?
The US-China Joint Announcement on Climate Change made on 11 November, has given rise to a lot of commentary in the media worldwide. In this article, Mat Hope of The Carbon Brief provides an excellent critical overview of some of the most significant analyses. Energy Post chief editor Karel Beckman adds some insights of his own. … [Read more...]
Five take-home messages from the IEA’s World Energy Outlook 2014
Current events risk distracting governments “from recognising and tackling the longer-term signs of stress that are emerging in the energy system” says the International Energy Agency (IEA) in its latest World Energy Outlook (WEO) 2014 unveiled on 12 November in London. Just like a year ago, it warns that long-term oil supplies are far from secure, with the Middle East re-establishing itself as the main supplier in the long-term. Moreover, while … [Read more...]
Maria van der Hoeven, Executive Director IEA: “The energy security challenge has become global”
Not so long ago “energy security was seen primarily as a concern of industrialised countries”, but today “the challenge has become global”, says Executive Director Maria van der Hoeven of the International Energy Agency (IEA) in a recent interview with World Energy Focus, a publication of the World Energy Council. And it extends beyond oil. “With oil we are doing well. But I do worry when we take a broader definition of energy security.” … [Read more...]
What the Republican midterm election victory means for global climate policy
The US electorate has spoken. The Republican party yesterday won a majority in the US Senate, meaning the party controls both chambers of Congress for the first time since 2005. That's thrown the future of US climate policy into some doubt, as Republican voters and politicians are generally less concerned about the issue than their Democrat colleagues. … [Read more...]
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