Inflation isn’t just politically destabilising. It’s also the enemy of the energy transition, explains Joseph Webster at the Atlantic Council’s Global Energy Center. President Putin understands this, which is why he uses Russia's oil and gas production to stoke global inflation. Hence, to thwart his aims, nations should increase short-term energy production from all sources, including hydrocarbons. Lower energy prices lower inflation and interest … [Read more...]
Analysis of Clean Technology Manufacturing around the world: solar PV, wind, batteries, electrolysers, heat pumps
For every nation, clean technology manufacturing can bring economic security, employment, and resilience to clean energy transitions, says the IEA. The sector is now so significant that it’s also impacting overall GDP performance: in 2023, clean technology manufacturing alone accounted for around 4% of global GDP growth and nearly 10% of global investment growth. Here, the IEA summarises its first-of-its-kind “Energy Technology Perspectives … [Read more...]
Europe’s EV charging infrastructure roll-out is ahead of targets. It’s EV sales that are lagging behind
A T&E analysis reveals the speed of EV charging infrastructure deployment across the EU is a success story. This contrasts with stories of people being hesitant to switch to EVs because they fear there aren’t enough charge points. It also exposes the failures to meet EV sales goals: whatever the cause, it can’t be because the charging rollout is too slow. Across the EU, the number of chargers increased threefold in the last three years (and … [Read more...]
EU Elections 2024: the Green Deal is being sidelined. What can be done?
In the run-up to the EU elections this June, Andrea Renda at CEPS, writing for IDDRI, says the Green Deal is being ousted from the public debate. Protests against important elements of the Green Deal – including environmental regulations, wind and solar farm installations, a ban on combustion engines – are being used by populists to scare mainstream politicians away from openly championing Europe’s green and clean energy ambitions. Proponents of … [Read more...]
V2G: modelling how EV batteries can provide storage to the grid
V2G (vehicle-to-grid) technology allows parked EVs to store and/or inject electricity into the grid when needed. The main benefit is to avoid the expense and disruption of building dedicated large-scale grid batteries when EVs and charging infrastructure are already ramping up. Though most EVs and charge points are not V2G-ready, now is the time to plan ahead, measure the true potential and identify the challenges. Ibtihal Abdelmotteleb, Matteo … [Read more...]
Green Steelmakers’ global future: importing the Iron from where Renewables are cheap, the Ore abundant
Governments in Europe have allocated around €5bn to 10 commercial-scale hydrogen-ready DRI (direct reduced iron) facilities for steelmaking, but even with these generous subsidies steelmakers are struggling to reach final investment decisions, citing high costs for domestic hydrogen as a barrier. And when you consider that over €400bn is needed to transition the entire European sector to hydrogen-based steelmaking, a totally new way of thinking … [Read more...]
France’s Macron wants to build 14 new Nuclear reactors by 2050. 6 is more realistic
France's President Macron is talking about a nuclear renaissance, after years of uncertainty over its future. The goal is to build 14 new reactors by 2050. But Jonathan Bruegel at IEEFA says this is unrealistc. France’s nuclear sector has much to recommend it. It produces up to 80% of the country’s total power generation, the highest share of nuclear in the generation mix anywhere in the world, and CO2-free. However, France hasn’t built a nuclear … [Read more...]
10% of global GDP growth came from the new Clean Energy economy in 2023
The clean energy economy is making its mark on global GDP, explain Laura Cozzi, Timur GĂĽl, Thomas Spencer and Peter Levi at the IEA. It accounted for 10% of global GDP growth in 2023, primarily through three activities: manufacturing of clean energy technologies, deployment of clean power capacity, and clean equipment sales. Here, the authors present the in-depth results for four of the largest economies: the U.S, the EU, China and India, which … [Read more...]
Strict rules stop Green Hydrogen production diverting clean power from the grid. What are they?
Green hydrogen must be made from green electricity. But the electricity used for making it must fulfil stricter requirements than conventional green electricity. Matthis Brinkhaus at Energy Brainpool describes the criteria by which hydrogen can be designated as 100% renewable: Additionality; Additionality Plus; Temporal correlation, simultaneity; Geographical correlation, regionality. Brinkhaus points at where exceptions can be made, and where … [Read more...]
EU ETS2 for Buildings, Road Transport in 2027: why we need auctions to start early
The EU has established a second emissions trading system (ETS) to put a carbon price on buildings and road transport, the “EU ETS2”. The ETS2 starts in 2027, but monitoring and reporting of ETS2 emissions will begin in 2025. One issue is that an ETS means prices for long-term fuel supply contracts will be affected, so a crucial question for firms is how to hedge their potential exposure, says Ingo Ramming at BBVA writing for the Florence School … [Read more...]
Why isn’t Methane included in the EU’s Carbon Border Adjustment Mechanism?
Robert Kleinberg at CGEP explains why methane isn’t included in the EU’s Carbon Border Adjustment Mechanism (CBAM) which imposes a carbon tax on imported goods. Basically, CO2 emissions are easy to estimate accurately, whereas methane emissions are not. Many methane emissions, even the largest ones, are intermittent and of highly variable duration. Gas leaks vary over many orders of magnitude, and once diffused in the atmosphere leave no local … [Read more...]
EVs, Batteries: how can Europe use tariffs on China without starting a trade war?
Europe must decarbonise as fast as possible while safeguarding essential economic, social and security interests. Decarbonisation without deindustrialisation needs carefully thought-out trade policy, and tariffs can be an effective instrument, explains T&E, summarising its recently released paper. Almost a fifth of all EVs sold in the EU last year were made in China. Over half of those were made by Western carmakers operating in China, but … [Read more...]
Explainer: The EU’s Green Deal Industrial Plan
Here, the Florence School of Regulation (FSR) provides a summary of the Green Deal Industrial Plan. It’s broken up into: What is the Green Deal Industrial Plan? What are critical raw materials and why do they matter? Where is the EU currently standing on critical raw materials? What is the EU doing about critical raw materials? Where is the EU currently standing on clean tech? How is the EU attempting to boost its domestic clean tech sector? Can … [Read more...]
France’s €100/month EV “social leasing” plan was oversubscribed, then closed. How to keep the momentum going
On January 1st France launched its flagship EV “social leasing” programme, at a typical price of €100/month, targeting 25,000 users. Within six weeks it was oversubscribed, forcing the government to close the scheme and alter the subsidy regime to accommodate the new total of 50,000. The programme’s popularity demonstrates its relevance and justifies its future expansion. However, the system needs to change if it is to meet the challenges … [Read more...]
Carmakers must stop complaining and meet the 2025 EU CO2 target (like they did in 2020, and profitably)
In 2025, the EU’s car CO2 regulation will require a 15% reduction of fleet emissions from new passenger cars sold in Europe, compared to 2021 figures. But some carmakers are saying this target is unfair, claiming that they cannot control the consumers’ appetite for EVs. They want targets relaxed or fines waived. Julia Poliscanova at T&E explains why their complaints are unwarranted for a number of reasons. Previous deadline dates show that EV … [Read more...]
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