Though many environmentalists cheered two summers ago when Germany’s Bundestag seemingly banned fracking, natural gas production across the country has not stopped. L. Michael Buchsbaum explains how companies are pushing for shale gas fracking, despite its impacts on people’s health and the environment. Courtesy Energy Transition. … [Read more...]
How rapidly can we transition to 100% renewable electricity?
Science tells us that, to avoid devastating climate change, we must rapidly cut greenhouse gas emissions to zero. How fast is possible, asks Mark Diesendorf of the Cooperative Research Centre for Low Carbon at the University of New South Wales (UNSW) in Australia. He believes the sceptics may be wrong. … [Read more...]
Ukraine’s power sector is set for a major transition
As the pillars of Ukraine’s power sector – coal and nuclear – are shaking, the country is on the point of a major energy transformation, writes Oleg Savitsky, climate and energy policy expert and journalist. But some crucial steps still need to be taken to make it possible. … [Read more...]
Poland’s largest utility, PGE, faced with growing risks from transition
The financial stability of PGE, Poland’s largest utility, could be undermined if it sticks with its current fossil fuel-heavy generation profile, writes Gerard Wynn. In a new report for the Institute for Energy Economics and Financial Analysis (IEEFA), Wynn concludes that the company could be hit hard by increasing carbon prices and tougher air pollution rules if it does not shift away from coal. … [Read more...]
How gas and oil companies are starting to look like the Yellow Pages (remember those?)
The parallels between what happened to the Yellow Pages business and what’s happening to the fossil fuel industry today are striking, writes Kathy Hipple, financial analyst at IEEFA (Institute for Energy Economics and Financial Analysis). The oil and gas industry may not collapse as rapidly as the Yellow Pages did, it will go the way of the shrinking coal industry unless it learns from the failure of the Yellow Pages to adapt. Courtesy: IEEFA … [Read more...]
Uneconomic coal could be squeezed out of European Union power markets by 2030
Coal’s time is running out in Europe: deteriorating economics and stronger climate policies will soon make coal uneconomic, writes Silvio Marcacci of think tank Energy Innovation. Many European countries have already set an end date for coal power, utilities and investors are shifting away from it. The question is not if coal will lose, but when, and how well-managed its exit will be. … [Read more...]
Decarbonising heavy industry can’t be done without large-scale CCS effort
The decarbonisation will require a profound transformation, writes David Hone, Chief Climate Change Advisor at Shell. Shell’s Sky climate scenario shows it can't be done without large-scale carbon capture and storage (CCS). A new initiative should boost progress on CCS. … [Read more...]
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