With rising GDP, the European Union is once again at risk of missing the 2020 targets for energy efficiency, and yet more ambitious targets for 2030 lie ahead. Regulation, especially for energy efficiency in buildings, is already driving demand, according to the European Investment Bank, with commercial banks acting as aggregators. Peter Sweatman, rapporteur of the Energy Efficiency Financial Institutions Group is optimistic on the future … [Read more...]
Digitalisation is changing the energy landscape
The energy sector is already using data in sophisticated ways to meet a wide range of challenges, from fault prediction in grid networks to the delivery of personalised energy to households. As more data becomes “big data” and smart devices proliferate along the value chain, Matt Brown and Ravi Mahendra of Pöyry Management Consulting make their predictions for more digitalisation in the coming year. … [Read more...]
Too “low-hanging fruit” is not sweet enough (and eventually neither clean nor cheap)!
At a lunch debate organised by the European Heat Pump Association (EHPA) on “The costs of a low level of ambition in greening the heating and cooling sector” and hosted by EUFORES President MEP Jeppe Kofod on 30 January, representatives from industry, civil society, the European Commission (EC) and MEPs from several countries and political groups (Jeppe Kofod, Bendt Bendtsen, Theresa Griffin, Jo Leinen, Gesine Meissner and Paul Rübig) … [Read more...]
Renpower Ukraine 2019
The 2nd Renewable Energy & Power Infrastructure Investors Conference Register now Program Euroconvention Global is excited to announce the forthcoming RENPOWER Ukraine 2019: The 2nd Renewable Energy & Power Investment Conference set to take place on January 31st at the Intercontinental Hotel in Kiev. The inaugural edition hosted 150+ participants from 28 countries and was evaluated by all attendees as a cost-effective informative … [Read more...]
Energy Efficiency gains must reduce our consumption, not just our bills
Energy Efficiency’s role in the mix of tools we use to reduce carbon emissions is crucial. But Energy Efficiency gains can have a rebound effect: as your bills reduce, you have more money to spend on more energy. We need incentives and policies to reduce actual consumption, otherwise we’re making it harder to cut emissions, argues Parakram Pyakurel of Southampton Solent University, UK. … [Read more...]
“Consuming less energy may act as disincentive for investment in renewables”
According to Anthony Patt, Professor of Climate Policy at the ETH Zürich in Switzerland, the less we spend on energy, the less attractive renewables can look to businesses and investment markets. Such remarkable insights fly in the face of received wisdom and defy logic. Patt claims his models show that doubling current energy efficiency improvement rates buys us only one extra year to hit the Paris targets. Really? - This is how Anthony … [Read more...]
Energy Efficiency targets: Time to ramp up investment in buildings, industry and vehicles
Energy efficiency investment rates need to double now, and then double again in 2025, to meet energy efficiency’s obligation to hitting the Paris targets. Right now there is a €130bn annual energy efficiency investment gap in Europe. Peter Sweatman, Rapporteur for EEFIG, looks at the assets themselves and says we need to productise the measurement of their energy efficiency, and then legislate. That’s how to make energy efficient homes, offices, … [Read more...]
VW joins Tesla and BMW – EV and energy company all-in-one pays for business and consumers
Last week’s announcement by VW that it is setting up a company called “Elli” (short for Electric Life) offering energy services shows VW’s vision of what lies ahead for the automotive industry. It brings them head to head with Tesla and BMW who are already playing a role outside the traditional bounds of the car business. They are the new breed, ready to profit from customers who want to go electric as long as it makes financial as well as … [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...]
Energy efficiency is more than saving energy: “We need to build a real marketplace”
Energy efficiency experts have come to the conclusion that “selling the business case of energy efficiency on the basis of cost savings is not enough.” If the potential of energy efficiency is to be realised, a real marketplace in projects needs to be built and the “non-energy benefits” of efficiency must be monetised writes Brussels-based journalist Clare Taylor. The European Commission has developed a number of instruments, including a unique … [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...]
UK homes need ‘deep efficiency retrofit’ to meet climate goals
The British government’s policy of incrementally upgrading energy efficiency in UK homes is not enough to meet the country’s 2050 climate targets. Instead, virtually every UK house needs a one-off retrofit, says a new report. It calls for government and cities to commit to pilot schemes for retrofitting whole houses using models such as the Dutch “Energiesprong”, which achieves a near net-zero energy home, typically by adding external insulation … [Read more...]
Smart cities: not enough projects make the grade
Despite the hype about smart cities, and the availability of EU funding, there are very few projects out there that qualify for funding, according to Lada Strelnikova, lead fund manager at the European Energy Efficiency Fund (EEEF). An exception: Belgian bank Belfius has, with the support of the European Investment Bank (EIB), provided €1 billion to smart city projects involving more than 100 municipalities in Belgium. According to Joost Declerck … [Read more...]
An evening with ecomodernist Michael Shellenberger (or: a defence of nuclear power you have not heard before)
Pro-nuclear activist Michael Shellenberger, founder of the California-based global citizens movement Environmental Progress (“not paid by the nuclear industry”) was in Amsterdam recently, where he gave a very personal “Ecomodernist” defense of why nuclear power is good and how it should be supported. “It is about protecting the natural environment by concentrating human activity.” This article was first published on Energy Post Weekly. … [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...]
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