In a draft bill released on 13 November, the Spanish government is proposing to ban fossil fuel subsidies and fracking, reduce greenhouse gas emissions by 20% by 2030 (37% compared to current levels) and 90% by 2050, boost the share of renewables to 35% (70% of power generation) in 2030 and discourage diesel and petrol cars. Natalie Sauer of Climate Home News portrays the woman behind the plan, ecological transition minister Teresa Ribera, and … [Read more...]
We have a decade to prevent dangerous climate change: these 10 policies can save us
The climate change challenge is not technical nor even economic, but a matter of enacting the right policies, writes Silvio Marcacci, Communications Director at San Francisco-based think tank Energy Innovation. Based on new research, Marcacci outlines the the types of policies that are the most effective. … [Read more...]
The impact of electric vehicles on electricity demand
Many in the industry are relying on electric vehicles (EVs) to reverse the downward trend in global electricity consumption. But a new report from Redburn, a UK research and investment company, suggests the growing energy efficiency of EVs means that the industry and investors may have to look elsewhere for significant boosts in demand for electrical power, says energy expert Fereidoon Sioshansi of EEinformer. … [Read more...]
How do ambitious climate pledges impact economic growth?
At the Global Climate Action Summit in San Francisco, delegates from all over the world made ambitious commitments to tackle climate change. But how will their actions impact economic growth? Chris Busch of think-tank Energy Innovation compares manufacturing and employment data from climate leader California to laggard Texas and the US as a whole. His findings suggest that climate actions are affordable and even provide a boost to economies. … [Read more...]
DNV GL’s Energy Transition Outlook shows massive shift of investment from oil and gas into power lines
The global energy transition will lead to a massive expansion of power lines at all voltage levels as well as a steep growth in the number of transformers and substations in the electricity system. This is one of the major new findings of the second edition of the Energy Transition Outlook, the annual flagship publication of global technical consultancy DNV GL. As a result, grid costs will triple, yet this cost explosion is offset by cost … [Read more...]
Interview Ditlev Engel, CEO DNV GL Energy: “We have to rethink the mechanisms of the electricity market”
DNV GL’s new 2018 Energy Transition Outlook projects a massive investment shift from fossil fuels to renewables and grids – and this is based mainly on cost considerations. Yet, notes Ditlev Engel, CEO of DNV GL Energy, in an interview with Energy Post, this won’t be enough to meet the goals of the Paris Climate Agreement. He says policymakers will have to take additional actions. “Doing just a little more won’t be enough.” (See here for main … [Read more...]
Oil vs electricity: which will prevail?
Oil faces three challenges that together may be insurmountable, writes energy expert Fereidoon Sioshansi. Electricity's fortunes on the other hand are on the rise. Courtesy EEinformer. … [Read more...]
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