New investment in the global clean energy sector totalled $61.0 billion in Q1 15, a 14% decrease on Q4 14 ($71.3 billion) and a 5% decrease on the corresponding quarter in 2014 ($64.4 billion). … [Read more...]
French government study: 95% renewable power mix cheaper than nuclear and gas
A new French government study shows that the cost to the French consumer of a 100% renewable scenario is more or less equal to a scenario close to todayâs, with only 40% renewables. It is yet another instance of leading energy experts asserting that a 100% renewable future is possible, writes Terje Osmundsen, Senior Vice-President of Norwegian independent solar power producer Scatec Solar. … [Read more...]
Interview AndrĂ© Merlin: âEurope needs regional System Operators like in the USâ
Developing electricity interconnectors should be a shared competence of the EU and individual Member States, with costs shared out at least across regions, says AndrĂ© Merlin, President of Medgrid, a consortium looking to facilitate the exchange of electricity across the Mediterranean, in an interview with Energy Post. Merlin, former Chairman of both RTE, the French transmission system operator (TSO) and ERDF, the main French distribution system … [Read more...]
Clean Disruption: how Silicon Valley will make oil, nuclear, gas, coal obsolete (book review)
In his new book âClean Disruption of Energy and Transportationâ, famous author, lecturer and Silicon Valley entrepreneur Tony Seba predicts that by 2030 all power generation will be solar and wind and all cars will be self-driving electric vehicles. The existing energy industry will be âobliteratedâ. In a review of the book, JosĂ© Cordeiro, founding energy advisor at Singularity University and Visiting Research Fellow at the Institute of … [Read more...]
A new framework for climate policy: why carbon pricing is not enough
It is often argued, especially by representatives from the energy sector, that climate change policy should be based exclusively on carbon pricing. In the EU this means: on the EU Emission Trading Scheme. However, a new book by Professor Michael Grubb convincingly shows why such a policy approach is misguided. We also need policies on energy efficiency and renewables as well as policies that drive system change. … [Read more...]
Ex-Polish Prime Minister Tusk reclaims Energy Union agenda
Energy security through new fossil fuel supplies and transport infrastructure, not energy efficiency and renewables, dominates the conclusions issued by EU heads of state and government after their first debate on an Energy Union for Europe in Brussels on Thursday. Former Polish Prime Minister Donald Tusk â now President of the European Council of Ministers â appears to have reclaimed in large part the Energy Union he helped set in motion, … [Read more...]
In the oil heartlands of the planet, solar now beats oil and gas
One of the biggest banks in the Middle East and the oil-rich Gulf countries says that fossil fuels can no longer compete with solar technologies on price, and that the vast bulk of the $US48 trillion needed to meet global power demand over the next two decades will come from renewables. Meanwhile, in Dubai, Saudi Arabiaâs ACWA Power, has won the worldâs largest ever solar tender with the cheapest ever price: one-third below the cost of gas-fired … [Read more...]
Interview Johannes Teyssen, CEO Eon: âFuture energy world has drifted far apart from the classical oneâ
In the first in-depth interview given by Johannes Teyssen, CEO of Eon, after the company announced its radical new strategy in December last year, Teyssen says that âthe energy world of the futureâ and âthe classical energy worldâ have âdrifted so far apart that they require different entrepreneurial approachesâ. He notes that the companyâs new strategy is not based on German or even European politics, but âon more fundamental, global trendsâ. … [Read more...]
Study: Local electricity can meet half UK needs â if consumption is cut by half
Research conducted by nine leading UK universities has found that up to 50 per cent of electricity demand in the UK could be met by distributed and low carbon sources by 2050. This does require a reduction in demand of over 50% as well as increased regional, national and international connection. … [Read more...]
Experts from World Energy Council highly critical of Energiewende
The German Energiewende cannot serve as a model for other countries. It is a threat to European security of supply, will have a negative impact on German growth prospects in the short term and is too costly. Thatâs the opinion of a majority of experts from 35 member organisations of the World Energy Council from across the world. … [Read more...]
Brussels tests limits of its powers with Energy Union
Energy Post takes stock of what the proposals for an Energy Union mean and ponders the key question: can Brussels deliver? The Commission is pushing hard on a far-reaching redesign of the electricity market, which is to be driven by the EU Emission Trading Scheme and increasingly run by EU institutions. In gas Brussels also wants to take a central role. When it comes to climate policy, the Commission has some substantial new proposals on energy … [Read more...]
Highlights from the Energy Union package – and responses
The European Commission announced its plans for a far-reaching Energy Union for Europe on 25 February, with a work package full of legislative and non-legislative actions for the next two years. Brussels also presented a strategy for the UN climate talks in Paris in December and a paper on how to meet electricity interconnection targets inside the EU. We present the highlights plus some responses. For a detailed analysis, see the accompanying … [Read more...]
EU turns up the heat: finally, a policy push for heating and cooling (half our energy use) Â
Heating and cooling accounts for almost half of primary energy consumption in Europe, yet it has been largely ignored in the EUâs climate and energy policies. This is now starting to change. At the end of this year, member states in the EU must submit an assessment of the low-carbon potential provided by co-generation and district heating systems. Clare Taylor looks at some of the EU-funded district heating and co-generation projects that are … [Read more...]
Interview Jean-Michel Glachant: âTo get an Energy Union, you need new institutionsâ
The âEnergy Unionâ for Europe is a dream that the European Commission will find hard to realise with its existing powers limited to the internal market and competition law, says Jean-Michel Glachant, Robert Schuman Chair, Director of the Florence School of Regulation and Director of the Loyola de Palacio Energy Policy Programme at the European University Institute. In an interview with Energy Post, he applauds the ambition behind this creative … [Read more...]
viEUws VIDEO: Energy Union â A serious test for European integration
Journalist Hughes Belin investigates the prospects of the Energy Union strategy and its governance structure, for viEUws.eu, ahead of the European Commissionâs official presentation on 25 February. … [Read more...]
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