Governments worldwide have committed over $12tn to recover from the Covid-19 pandemic, spent over the next 5 years. Current estimates say the energy transition needs $1.4tn/year globally between 2020 and 2024 to get us on the path to meet the 1.5oC Paris goal. Clearly, there is an opportunity here. Although support for healthcare systems and the overall economy are the stated priority of governments, much of that $12tn is still not committed. … [Read more...]
China’s new net zero emissions target for 2060: why now, and how?
China’s promise of peak emissions before 2030 and net zero by 2060 is a major and welcome step for the economic (and fossil fuel) powerhouse. But the rest of the world doesn’t need to make concessions to get China to stick to the new target, says John Seaman at the IFRI Centre for Energy & Climate. That’s because an energy transition is in China’s interests. It wants and needs to be at the forefront of new energy technologies to secure future … [Read more...]
Net Zero by 2050 technically and economically achievable, says Energy Transitions Commission report
Making Mission Possible, the latest report by the Energy Transitions Commission, describes a net-zero world by mid-century as technically and economically possible. The solutions are already available or close to being brought to market. What is still missing is the will to embrace, rapidly and at scale, the inevitable disruption that will ultimately deliver net-zero emissions, lower air pollution, cheaper energy bills, create new jobs and raise … [Read more...]
Gas oversupply and clean energy’s rise: now is the time to fast-track gas market reforms
Traditional monopolistic and oligopolistic gas markets artificially keep gas prices high, work against competition and efficiency, and have no place in the modern world, say Jean-Baptiste Dubreuil, Gergely Molnar and Songho Jeon at the IEA. They calculate that gas market reforms in the EU, begun in the mid 1990s, saved the bloc $15bn in 2019. But it typically takes 20 years for such a market to be properly established. The authors explain that … [Read more...]
The Energy Charter Treaty needs updating, but remains a valuable tool for the transition
Last Thursday we published this critique of the Energy Charter Treaty (ECT). Created in the 1990s, the ECT was designed to protect cross-border energy investments from political risk. Critics now say it is being used to protect fossil fuel investments in a world committed to phasing them out. Today, Andrei Belyi of energy consulting firm Balesene OU and Adjunct Professor in Energy Law and Policy at the University of Eastern Finland, who was named … [Read more...]
Energy Charter Treaty: reform will only happen when energy ministers get involved
Negotiations are underway for the reform of the Energy Charter Treaty (ECT), an international trade agreement under fire from former Energy Charter executives, members of the European Parliament, and NGOs. Created at the end of the cold war, it was designed to protect cross-border energy investments – in a fossil fuel world – from political risk. Clare Taylor quotes the critics who say it no longer makes sense for the treaty to protect oil and … [Read more...]
The expansion of Europe’s EV charging infrastructure: new rules and incentives needed
In 2021 the Alternative Fuels Infrastructure Directive, which regulates public charging infrastructure, will be revised and updated by the European Commission. Referencing her study, Julia Hildermeier at RAP identifies some of the rules and incentives that will be needed to optimise the expansion of EV charging infrastructure. To start with, she says that EU countries need to define the baseline essential charging network. Such a promise would … [Read more...]
City-level emissions reductions: what can successful cities teach us
The EU Covenant of Mayors for Climate and Energy (EUCoM) requires their member cities to commit to exceeding their national goals. EUCoM is one of the world’s largest subnational climate action networks, with over 1,000 cities and home to 50m people. Writing for Carbon Brief, Angel Hsu, Nihit Goyal and Amy Weinfurter at Yale-NUS College review the data to see how successful they have been. About 40% of the cities show emission reductions that are … [Read more...]
France’s recovery plan: will support for emissions-high sectors compromise a new Green economy?
The French recovery plan, formally presented today, combines emergency rescue measures, economic stimulus and longer-term investments. A substantial €32bn out of the €100bn budgeted is earmarked for the green economy. But Sébastien Treyer at IDDRI asks whether rescue measures for traditionally emissions-high sectors - tourism, aviation, automotive, buildings, agri-food – will collide with climate targets. He references studies that should be used … [Read more...]
Who will be the Hydrogen superpower? The EU or China
Implicit in the EU’s plans, announced in July, to be the world’s Hydrogen leader is that this technology will have others competing for the top spot too. When EU nations ramped up their solar PV sector in the 2000s they couldn’t survive the arrival and rapid expansion of Chinese production. Will EU Hydrogen meet the same fate? Sören Amelang at CLEW speaks to a wide range of experts to try to answer this vital question from all the relevant … [Read more...]
Global Coal Database: Covid lockdown may accelerate phase-out
E3G has created a database to track coal’s phase-out across the globe. Though much has been achieved, dating back to 2010, it’s still not on target. Chris Littlecott and Leo Roberts at E3G look at the data from different territories. The OECD and EU28 have made very good progress: 71% of these countries are pursuing coal phase-out, with 58% on track to be coal free by 2030. The article points at successes in the US, the UK, Spain and Germany … [Read more...]
Dutch-Spanish startup navigates coronavirus fallout while also guiding utilities into the digital age
In late summer 2015 at a research university in Belgium, an Italian graduate student new to campus attended a welcome event hosted by engineering department faculty. Sampling beer brewed by an electrical engineering student association, Simone Accornero mingled with a dozen other new classmates in his program at KU Leuven. Accornero began chatting with an engineering master’s student who had just arrived from Poland. “We hit it off,” Accornero … [Read more...]
Europe’s new Hydrogen Strategy: the questions that still need answering
Yesterday saw the launch of the EC’s new Hydrogen Strategy, the focus of our next live online discussion and Q&A. Register now to join us at the event next Wednesday at 12.45 CEST on Zoom to hear direct from the European Commission's Dr. Florian Ermacora, Future Energy System expert Prof. dr. Ad van Wijk, Giulia Branzi - Head of Regulation at event partner SNAM and trading specialist Marcel Steinbach of BDEW. Here, to set the scene, Gökçe … [Read more...]
BP’s world energy review: 2019 saw clean electricity match coal
Simon Evans at Carbon Brief summarises BP’s 69th edition of its influential annual statistical review of world energy, looking at 2019. Overall, total energy demand rose, though slower than usual. Renewables were the largest source of new energy, but were closely followed by oil and gas. Coal use dropped again, the fourth drop in six years, thanks to historic declines in the EU and the US. But continued growth in SE Asia, China and India leaves … [Read more...]
The PAC Scenario: net-zero by 2040 to meet Europe’s Paris goals
The EU is not on track to meet its Paris Agreement obligations on emissions and limiting the global temperature rise to 1.5°C. CAN Europe and the European Environmental Bureau (EEB) present their Paris Agreement Compatible (PAC) scenario, designed to do just that. It’s been created through the careful analysis of contributions from more than 150 stakeholders including NGOs, scientists, industry and grid operators. Jörg Mühlenhoff at CAN Europe … [Read more...]
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