The IEA has made its projections for the impact of the pandemic lockdown on energy demand in 2020 (they say itâs too early for them to assess anything more long term), and its implications for the different generation types. This article summarises their special Global Energy Review 2020, published at the end of last week. It assumes that lockdowns are eased this year and growth gradually returns. With that, global energy demand will fall 6% in … [Read more...]
Coal exit saves money when public health, land degradation costs added – analysis
Coal is cheap. In countries historically reliant on it, as well as emerging economies still building plants, switching to cleaner energy just doesnât seem to add up. Thatâs when youâre only looking at your national energy system costs. But the externality costs of air pollution, public health and a degraded local environment are rarely factored in to the equation. When they are, explains Sebastian Rauner writing for Carbon Brief, abandoning coal … [Read more...]
Will China build more Coal to stimulate the economy?
Could China ramp up coal generation â of the order of hundreds of GW by 2030 - as part of its efforts to stimulate its economy and recover from the coronavirus slump? The thinking is that building a coal plant converts faster into economic growth than the equivalent spent on renewables. In the previous decade, building coal plants was an effective part of Chinaâs economic growth plan that secured its place as the worldâs second largest economy. … [Read more...]
Chinaâs 2019 electricity generation reviewed as its next 5-year plan is drafted
Simon Göss breaks down the totals and additions for electricity generation in China. In 2019 the total reached 7,325 TWh (more than twice Europeâs) after adding 330 TWh (more than half Germanyâs total). Of that 330 TWh, 120 TWh came from thermal (90%+ coal). But the numbers were dominated by renewables (hydro, wind, solar) which added almost 160 TWh. Though thatâs the third year of declining renewables additions, wind and solar curtailment is … [Read more...]
Donât blame Wind, Solar for Coal cycling. Itâs everyday variable demand
Joseph Daniel at the Union of Concerned Scientists explains why variable renewables like wind and solar are not forcing coal plants to cycle (ramp up and down). He presents data from the U.S. that clearly shows itâs straightforward variable demand thatâs doing it, because demand has always varied considerably throughout the day. So stop blaming the arrival and growth of wind and solar for this âinefficiencyâ, he says. These renewables have plenty … [Read more...]
What if Germany wasnât shutting down Nuclear? Modelling Coal, Gas, Renewables, emissions, prices
Germany plans to shut down its entire nuclear fleet by 2022. Right now, of the original 17, only 7 are still running. The Fukushima nuclear accident in Japan of 2011 was the trigger for Germanyâs abandonment of emissions-free nuclear as part of its clean energy goals. Maximilian Auffhammer at the Energy Institute at Haas reviews a paper by his colleagues that has modelled the whole-system effects of the shutdowns, then compared the results with a … [Read more...]
Polandâs PGE: profits from Renewables can replace declining Coalâs
Polandâs PGE is one of Europeâs most fossil fuel intensive energy firms. Coal makes up around 90% of its electricity generation. Itâs been investing around PLN 28bn ($7.2bn, âŹ7bn) to build three new coal power plant units, acquire the Polish coal assets of Franceâs EDF, and upgrade its existing fleet to meet air quality standards. But a new and detailed report from IEEFA warns that the profitability of these investments will decline in the 2020s … [Read more...]
Even cycling Coal is losing money. Only âsummerâ coal makes sense in Texas, Louisiana
Joseph Daniel at the Union of Concerned Scientists says a detailed look at the U.S. data shows the days of coal plants being the baseload kings are numbered. The declining costs of wind, solar and gas are making coal look expensive. Whatâs more, increasing energy efficiency is flattening peak demand (and therefore prices), squeezing those periods when coal could rely on finding customers. That means coal plant owners that say they deserve support … [Read more...]
Gas Switching Reforming: making Hydrogen to balance variable Wind, Solar
What is the best technology to balance the variable output of wind and solar? When there is little wind and sun the plant must produce power to compensate. When thereâs too much wind and sun it must utilise that excess power. In other words, given the high capital cost of the new balancing technology it must do both profitably enough to cover the time sitting idle. A paper co-authored by Schalk Cloete looks at Gas Switching Reforming (GSR). The … [Read more...]
The EU can support Central and East Europeâs transition
Six Central and East European nations, heavily dependent on coal, have been very cautious about the pace of the EUâs transition. For them - Bulgaria, Czechia, Hungary, Poland, Romania and Slovakia - the political and economic disruption looks far harder to bear. E3G has just released a report that suggests this picture can change. The reportâs authors â Felix Heilmann, Rebekka Popp and Ada Ămon â explain that coal is becoming less profitable, … [Read more...]
Carbon Tax: âlaboratoryâ Europe shows U.S. it has no effect on aggregate jobs, growth
The issue of carbon taxes is under debate in the U.S. Congress. The fear is a new tax will destroy jobs and hinder growth. Will it? Meredith Fowlie at the Energy Institute at Haas says the U.S. should see Europe as a very useful carbon tax laboratory experiment: half the countries have some sort of tax, the other half donât. Sheâs pulled together evidence to answer the simple question: does a carbon tax affect aggregate employment and growth. Her … [Read more...]
U.S. EIA predicts Renewables will surpass Coal by 2021
Renewable electricity generation in the U.S. has risen so fast in the last 10 years that itâs expected to surpass coal by 2021, according to the latest report from the nationâs Energy Information Administration (EIA). This would have been âunthinkableâ in 2010, says Dennis Wamsted at IEEFA. Back then, nationwide, utility-scale solar generated 1.29bn kWh and wind 94.6bn kWh. By 2021 solar will have risen almost a hundredfold to 122bn kWh and wind … [Read more...]
âClimate leaderâ UK: why did low-carbon electricity generation stall in 2019?
In 2019, just 1TWh of low-carbon electricity (wind, solar, nuclear, hydro, biomass) was added in the UK. Thatâs after a decade of adding an average of 9TWh/year. Why? The UK needs to know, given an extra 15TWh/year is required until 2030 to meet emissions goals on top of the planned electrification of transport and heating. Carbon Briefâs Simon Evans runs through their thorough analysis. Wind power alone rose by 8TWh in 2019, but was offset by … [Read more...]
$7tn investor BlackRock announces Coal divestment, but not across all funds
BlackRockâs decision to divest from coal, as the world's largest asset manager with a long shareholder history of voting against climate action, sends a powerful signal. By mid-2020 BlackRockâs $1.8tn of actively managed funds will divest from any firm generating more than 25% of revenue from thermal coal. Further reviews of sectors heavily reliant on thermal coal will also take place. Tim Buckley, Tom Sanzillo and Melissa Brown at IEEFA welcome … [Read more...]
U.S. Presidential Election: for the first time, climate is a top priority
Another climate action âfirstâ this year will be the 2020 U.S. Presidential election. Never before has climate change featured as a top priority for American politicians and voters, says Arnault Barichella writing for the IFRI Centre for Energy & Climate. Itâs thanks to the growing evidence of human-caused global warming in collision with a current President who calls it all a hoax and has been rolling back the regulations of his predecessor. … [Read more...]
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