In its landmark report released today on global warming, the UN Intergovernmental Panel on Climate Change (IPCC) says urgent and unprecedented changes are needed to stop global temperatures from rising by over 1.5˚C – but it is possible. The report makes it clear to governments and businesses that limiting warming to 1.5˚C is imperative, says Kelly Levin of World Resources Institute: “Now it’s time for them to step up to the challenge.” … [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...]
Exclusive – top energy influencer Jan Vrins, Navigant: “Europe not looking enough behind-the-meter”
Europe is focused too much on expanding renewable energy generation, and is threatening to miss out on the huge opportunities in the energy market that are emerging behind-the-meter, says top influencer Jan Vrins, Managing Director at the U.S.-based global consultancy Navigant, in an exclusive interview with Energy Post. According to Vrins, who is leading a practice of 600 energy experts, North America is forging ahead of Europe. “We are seeing a … [Read more...]
Trading platforms and VPPs find profitable niches – and this is only the start
Trading platforms and virtual power plants are growing rapidly in advanced electricity markets in Europe, writes energy expert and author Fereidoon Sioshansi. According to Sioshansi, the first successful platforms may be able to make enormous profits as they corner the market. Courtesy EEnergy Informer. … [Read more...]
The Electric Power Struggle
The world is undergoing a dramatic electricity transition, and the global struggle for power over this transformed electric system is set to profoundly shape our future, argues Walt Patterson, Associate Fellow in the Energy, Environment and Resource Department of Chatham House in London. According to Patterson, politics, not economics, will determine the outcome of this struggle. Article courtesy Hoffmann Centre for Sustainable Resource Economy. … [Read more...]
Energy Community sets stage for clean energy transition in South-East Europe
While the European Union has been busy with the new Clean Energy Package and discussing full decarbonisation by 2050, some important developments are also taking place in its closest neighborhood - in South-East Europe, where the Energy Community Treaty operates. Journalist and energy expert Oleg Savitsky attended the Energy Community Sustainability Forum in June and explains how policymakers are trying to transform the energy markets of the … [Read more...]
Uneconomic coal could be squeezed out of European Union power markets by 2030
Coal’s time is running out in Europe: deteriorating economics and stronger climate policies will soon make coal uneconomic, writes Silvio Marcacci of think tank Energy Innovation. Many European countries have already set an end date for coal power, utilities and investors are shifting away from it. The question is not if coal will lose, but when, and how well-managed its exit will be. … [Read more...]
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