Is there a slowdown in the Chinese nuclear sector, as some observers have argued, ending nuclear power’s “last hope for growth”? No, says François Morin, Director China of the World Nuclear Association. Nuclear has experienced a temporary setback but is still set for strong growth the coming years.  … [Read more...]
Trump’s coal and nuclear subsidy could cost U.S. economy over $10 billion a year
The U.S. Department of Energy's new initiative to subsidize coal and nuclear generation could cost U.S. businesses and households up to $10.6 billion annually, writes Silvio Marcacci, Communications Director at think tank Energy Innovation. This money would go to about 10 companies.  … [Read more...]
The German electricity market in 2016: more gas, renewables stable, higher emissions, higher tariffs
Whereas gas-fired power grew strongly in Germany in 2016, the output of renewables declined slightly. CO2 emissions went up, as did network tariffs and consumer prices. Renewables were funded 70% through auctions and just 30% through feed-in tariffs. An overview by Marius Buchmann. … [Read more...]
Poland may be ready for energy turnaround
The Polish conservative government has been trying (and failing) to bail out coal, and maintain energy independence, writes journalist MichaĹ‚ Olszewski. But according to Olszewski, these expensive and polluting practices could be coming to an end. Slowly but surely, the energy transition emerges in Poland. Courtesy Energy Transition – the Global Energiewende. … [Read more...]
Keeping coal plants open: the Spanish government’s costly intervention in the power market
After power producer Iberdrola announced the closure of their last coal plants, on 10 November, the Spanish government has said it might intervene to keep them open. Such an intervention, write energy experts Gerard Wynn and Paolo Coghe, is taking a page out of Donald Trump's book. It is costly, bad for the investment climate, and for the planet’s climate. … [Read more...]
Should EPH, betting on a coal power future, have its cake and eat it too?
EPH, the Czech energy company that bought Vattenfall’s German lignite assets, has joined a legal action against new pollution limits, writes energy finance consultant Gerard Wynn. Although EPH acquired the plants at a steep discount, and has profited from a sharp rise in wholesale power prices, the company apparently is still not satisfied, notes Wynn. It wants to be able to disregard EU-wide rules that protect people from air pollution and … [Read more...]
India’s green shift to renewables: How fast is it happening?
India is moving at a rapid pace to adopt a green shift in its power sector, across industry and in transport, aiming to reduce dependence on the black fossil fuelled energy economy, write Simran Talwar and John A. Mathews. But finance remains a problem: many banks are complacent in their lending to fossil fuel projects. Attempts in the international trade arena to curb India’s strategies of building green power industries using the tools of local … [Read more...]
It is time for the UN climate process to tackle fossil fuels
The word “fossil fuels” does not appear in the Paris Climate Agreement, write Georgia Piggot and Peter Erickson of the Stockholm Environment Institute (SEI). They call on leaders to start addressing not just greenhouse gas emissions, but coal, oil and gas production as well. Courtesy Climate Home News. … [Read more...]
Wind, solar costs continue to fall and fossil fuels can’t stop them
The latest update for energy technology costs put together by global investment bank Lazard has been released and shows a growing advantage for wind and solar technologies over fossil fuels such as coal, gas and nuclear, writes Giles Parkinson of Reneweconomy.com. Original post. … [Read more...]
Five things that should happen at the Bonn climate talks but probably won’t
If the Paris agreement is to be anything other than a farce, there are five things that should happen at the climate convention that has just started in Bonn, write Matthew Paterson and Marc Hudson of the University of Manchester. Chances are, however, that they won’t. Courtesy The Conversation. … [Read more...]
World greenhouse gas levels make unprecedented leap
Global average carbon dioxide concentrations rose by 0.8% during 2016, the largest annual increase ever observed, write researchers Paul Fraser, Paul Krummel and Zoe Loh of Australia’s national science agency CSIRO. Courtesy The Conversation. … [Read more...]
Dutch coalition accord: the Netherlands goes for climate leadership in Europe
While the U.S. government is abandoning Obama’s Clean Power Plan and taking the U.S. back to the age of fossil fuels, the new Dutch government has presented an unexpectedly ambitious climate and energy policy. The Netherlands will adopt a Climate Law and a minimum CO2 price and it wants to persuade the EU to increase its CO2-reduction ambition from the current 40% in 2030 to 55%. It also intends to close all its coal-fired power stations by 2030 … [Read more...]
The spectacular success of the German Energiewende- and what needs to be done next
While a government is being formed in Berlin, which will have important implications for the future of the Energiewende, author and scholar Professor John Mathews of Macquarie University in Australia, looks back on what Germany has achieved so far with its unique energy policy and concludes that it has been a spectacular success, whatever its detractors may say. But he also has some advice to offer: the German government, he writes, should be … [Read more...]
U.S. Energy Department sees sizable increase in world energy use till 2040
Whereas DNV GL in its recent Energy Transition Outlook forecasts an energy demand peak in the 2030s, the U.S. Energy Information Administration (EIA) will have none of this: it projects a 28% increase in world energy use by 2040. Consequently, it sees a much slower transition to a low-carbon energy system. … [Read more...]
DNV GL’s Energy Transition Outlook: for the first time in history, energy demand will peak
Global energy demand will plateau from 2030, oil demand will flatten from 2020 to 2028 and go to a significant decline thereafter, the shift to renewable energy will be quicker and more massive than most people realize, yet the energy transition will not be difficult to finance. These are some of the momentous conclusions of a set of major new reports from independent energy consultancy DNV GL, under the name Energy Transition Outlook (ETO). They … [Read more...]
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