The implications of climate change targets not being met are massive migration, the potential for resource wars and “a further disintegrating of the international order”, according to Richard L. Morningstar, Founding Director and Chairman of the Global Energy Center and David Koranyi, Director of the Eurasian Energy Futures Initiative, both part of the Washington DC based think tank The Atlantic Council. Morningstar and Koranyi see a “direct … [Read more...]
To keep European offshore wind world-leading, we need an industrial policy
To retain the global lead European companies have in offshore wind, the EU should develop an industrial policy that will guarantee a steady pipeline of projects, writes independent energy expert Mike Parr. This would ensure continued investment by companies in cost reduction and technology improvements. Failure to do so could mean the offshore wind sector would suffer the same fate as the European solar PV industry. … [Read more...]
Visions clash at World Energy Congress in Istanbul
The World Energy Council gave out a clear message at the World Energy Congress that took place this week in Istanbul: the world needs to move away from fossil fuels much faster than it is doing today. That contrasted sharply with the message given out by most of the high-level speakers from government and business at the Congress, who stressed that the world needs more oil and gas. Mohammad Barkindo, the new Secretary General of oil cartel OPEC … [Read more...]
Interview IEA Chief Fatih Birol: “We are once again increasing our expectations for renewables”
In its upcoming World Energy Outlook, the International Energy Agency (IEA) is “once again happily increasing our growth projections of renewable energy”, says Executive Director Fatih Birol in an interview. But a world without fossil fuels is not yet in sight. “There are fossil fuels and fossil fuels. Coal and oil should be discouraged. Natural gas will continue to play an important role in even our most stringent scenarios.” This interview was … [Read more...]
Interview Spencer Dale, BP Group Chief Economist: “The energy transition could come faster than we think”
The energy industry faces uncertainties of daunting magnitude on many levels, says Spencer Dale, BP’s Group Chief Economist, in this exclusive interview: the pace of climate change policy, the growth of renewables, the apparent demise of coal, falling energy prices, the role of natural gas in the energy mix, and the likely impact of energy efficiency on demand growth. According to Dale, “it’s possible that we will see forces leading to a faster … [Read more...]
Interview Francesco Starace, CEO Enel: “We have stopped investing in projects that take more than 2 or 3 years”
“Our aim is to grow the use of electricity as energy vector”. This is how Francesco Starace, CEO of Enel, one of the world’s largest utilities and perhaps the biggest producer of renewable energy in the world, describes the strategic goal of his company. According to Starace, the utility of the future owns and manages a digitised grid that connects up decentralised green energy sources and is at the centre of a whole new system of energy products … [Read more...]
The “new realities for energy”: peak demand, stranded assets
"The world is undergoing a Grand Transition driven by a combination of factors including the fast-paced development of new technologies, an unstoppable digital revolution, global environmental challenges and changing growth and demographic patterns", according to a statement from the World Energy Council, a UN-accredited global energy network with over 3,000 member organisations in over 90 countries. According to the World Energy Council, the … [Read more...]
World Energy Scenarios show: Strong government policies needed to limit climate change
The world will find it difficult to meet the 2°C target set in the Paris Agreement unless it goes down a path of strong enforcement by national governments of international agreements to curb greenhouse gas emissions. That's one of the key conclusions of the World Energy Scenarios 2016 report from the World Energy Council, which looks at how global trends will shape the energy industry over the next 45 years. The report was launched today at the … [Read more...]
Interview Maroš Šefčovič, VP Energy Union: “I made the promise 2016 would be year of delivery and I intend to keep it”
“If we want a cost-effective transition to a low-carbon economy, we have to create an internal energy market where European rules apply”, says Maroš Ĺ efÄŤoviÄŤ, the European Commission’s Vice President for the Energy Union, in an exclusive interview with Energy Post. According to Ĺ efÄŤoviÄŤ, “big parts of our energy market are [still] overregulated”. To take a decisive leap towards the Energy Union, the Commission has decided to put all its energy … [Read more...]
Hinkley C must be the first of many new nuclear plants
The debate around Hinkley Point C has mainly focused on the price EDF will get for electricity generated, but this is not out of line with what may be expected given the urgent need for more sustainable power, writes Simon Hogg, Executive Director of Durham Energy Institute. What is more important, according to Hogg, is that Hinkley C should be followed by the construction of more and different new nuclear power stations, as part of an overall UK … [Read more...]
Corporate America’s huge appetite for clean energy
An increasing number of corporations are directly buying or building their own clean electricity, writes Elias Hinckley, a US-based strategic energy advisor. Companies across the business spectrum, ranging from Apple to Dow, General Motors and Bank of America, have set goals for 100% renewable power. Hinckley explains the reasons for this trend and notes that energy suppliers and investors cannot afford to ignore this huge new market. … [Read more...]
Europe should look at consumption of renewables not just production
European consumers actively chose to buy more than 550TWh of renewable electricity last year, 20% of all electricity consumption. Yet EU member states are not required to report on consumption of renewables, only  production. This gives a false picture of what is happening in the market, say business representatives involved in purchasing and producing green electricity. Dual reporting - of consumption and production - would show that some … [Read more...]
Hinkley Point C explained – UK’s attachment to nuclear submarines drives bias towards nuclear power
Why is the UK government so committed to building new nuclear power stations, despite the high costs and many attractive alternatives? Research published by the Science Policy Research Unit at the University of Sussex shows that it is the Government’s attachment to nuclear submarines which is an important factor in the pro-nuclear bias in UK energy policy. … [Read more...]
The new EON, the new Johannes Teyssen: “The future is state-led renewables, stop dreaming of perfect Energy Union and Emission Trading System”
In one of his first in-depth interviews since the restructuring of EON, CEO Johannes Teyssen sets out a completely new vision of where he sees European energy markets and policies going. The future according to Teyssen is: distribution much more than transmission; state-led renewables auctions and capacity markets, not wholesale energy-only markets; carbon taxes or floor prices, not carbon trading or emission trading; higher energy efficiency … [Read more...]
New data show: China stokes global coal power growth
China cuts coal at home but new data show that Chinese state owned companies and banks drive new coal expansion overseas, despite top level promises of green growth for developing countries, writes Beth Walker for China Dialogue. Article courtesy of China Dialogue. … [Read more...]
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