The EU’s fertiliser industry must face up to the region’s ambitious decarbonisation rules, making its carbon-intensive processes much more costly. But a door of opportunity is also being opened: the industry already produces ammonia which is increasingly being seen as an alternative clean fuel, explains Hyung-Ja de Zeeuw at Rabobank. The problem for EU nations is that it will be cheaper for the industry to relocate and make that ammonia somewhere … [Read more...]
Italy: Capacity Auctions for 71 GWh of additional Grid Storage
Italy needs 71 GWh of new utility-scale electricity storage capacity by 2030 to meet EU targets to cut emissions by at least 55% by 2030, according to Terna which manages Italy’s transmission grid. ***STOP PRESS*** This Tuesday at 11:00 CET, Energy Post is exclusive media partner to a dedicated webinar (organised by ATA Insights/RENMAD) on Capacity Market Auctions REGISTER FREE HERE. In this article, Sara Stefanini summarises the Terna study, … [Read more...]
Just Transition: UK’s Port Talbot steelworks are closing. What can be learnt from the Netherlands and Sweden?
A classic “just transition” story is being played out in the UK, a high income nation and Europe’s second biggest economy. Tata Steel plans to cut almost 3,000 jobs at the UK’s largest steelworks. The location, Port Talbot, is one of the most deprived places in the UK and the steelworks there are its largest private sector employer. Tata is under pressure to decarbonise its steel production, so will switch to an electric arc furnace that recycles … [Read more...]
EU’s fossil fuel CO2 emissions drop to levels last seen in the 1960s
The EU’s CO2 emissions from fossil fuels (including power generation, industry and transport) dropped 8% in 2023 year-on-year, reaching levels last seen in the early 1960s, reveals an analysis by CREA. More than half of that decline came from an impressive 25% year-on-year reduction in CO2 emissions from power generation. The cleaner electricity mix is thanks to the continuous rise of wind and solar as well as a rebound in hydropower and nuclear. … [Read more...]
EU ETS or national climate targets? We need both
The choice between using the EU ETS or national climate targets to decarbonise is a false dilemma. We need both, explains Chiara Corradi at T&E writing for the Florence School of Regulation. There are plenty of examples where a carbon market and national targets have delivered good results together, as in Germany, Finland, Denmark and Portugal. And, looking ahead over the next few decades, the right policies should be able to cope with ETS … [Read more...]
U.S. and EU: vastly different approaches to trade and climate put a transatlantic deal at risk
Uncertainty over the results of this year’s elections in the U.S. and the EU have effectively postponed trade deals between the two blocks. That means when talks restart in 2025 there will be even less time to find the best compromises. As Gautam Jain, Noah Kaufman, Chris Bataille and Sagatom Saha at the Center on Global Energy Policy explain, it’s why this time should be taken to better understand the differences and lay out the possible … [Read more...]
France is subsidising made-in-EU EVs with low carbon footprints. Europe must follow
Last year, France announced new green eligibility rules for awarding subsidies to EVs. Starting this year, an incentive of €5,000-€7,000 will only be awarded to electric cars with a production carbon footprint below 14.75 tonnes of CO2. It’s a first in environmental policymaking which the EU should be delivering across the region, says Lucien Mathieu at T&E. And not just for environmental reasons. It will promote EVs made in Europe where … [Read more...]
EU Elections 2024: the Green Deal can be an emblem of what Europe is for
It’s a European election year, which means all of us - not just the politicians and policy-makers – need to get our heads around what the EU is for. SĂ©bastien Treyer at the IDDRI lays out the challenges faced in a moment of climate crises, war and high inflation, when voters are prone to polarisation and manipulation. He asks the difficult questions over economic security, inequalities between Member States, global influence, engagement with … [Read more...]
Chemicals Industry needs Sustainable Feedstocks to complete their net-zero journey
The chemicals industry is crucial to decarbonisation because it’s a major supplier of products to other industries. Many are very high profile - such as automotive, construction, food, and personal-care – so scrutiny will be high. It’s why two-thirds of Europe’s largest chemical end users in Europe are committed to reducing greenhouse-gas emissions by 2030, and over a third have pledged net-zero targets by 2050. But although chemicals industry … [Read more...]
2023: a year of climate backlash? Or a show of Europe’s green resilience
Looking at the mainstream media 2023 seemed to be a year of climate backlash, but the real story was Europe’s green resilience, writes William Todts at T&E. Though support in the German coalition for 100% electric vehicles by 2035 started to unravel, it didn’t: allowing combustion cars to keep running after 2035 on 100% e-fuels should change little given there’s no way such vehicles, if they ever get built, could compete with EVs, says Todts. … [Read more...]
Buying carbon allowances while decarbonising: what’s the best strategy for an EU industrial firm?
EU industrial companies affected by the big changes to their carbon costs that come from the new EU ETS rules and the Carbon Border Adjustment Mechanism (CBAM) must create strategies to deal with them, if they haven’t started already. Otherwise they will fall behind those that have. Pablo Ruiz at Rabobank summarises their analyses and conclusions. Ruiz presents a map for each of the different starting positions. The study looks at the critical … [Read more...]
Can the EU and US end their dependence on Russia’s nuclear energy industry?
Russia’s invasion of Ukraine resulted in the EU and the US quickly imposing sanctions on imports of Russian oil and gas. But sanctions on Russia’s nuclear exports have been far lighter because alternatives are hard to find. Ihor Moshenets at the Central European University takes a deep dive into the current situation. He takes a close look at the EU and the US’s actual level of dependence, as well as moves by both to develop and enlarge their own … [Read more...]
China didn’t sign the global pledge to triple Renewables and double Efficiency. Why?
Announced at COP28, a total of 123 countries committed to tripling renewable power capacity and doubling energy efficiency by 2030. China didn’t. Why? Quoting experts, Lin Zi at China Dialogue explains that the bundling together of the two targets is the problem. Tripling renewables is very achievable; in fact China may well exceed that target. But reducing energy intensity is not easy, even though China has a good record: among the G20 members, … [Read more...]
Global inflation: high borrowing costs threaten the continued growth in Renewables. What must be done?
Over the last decade, investors and governments got used to two supportive trends: relatively cheap capital from low interest rates, and steadily falling costs. However, this changed as the world emerged from the Covid pandemic and into the global energy crisis. In a new era of high interest rates, the impressive growth in renewables deployment is under threat, explain Tim Gould, David Fischer, Paolo Frankl and Heymi Bahar at the IEA. Renewables … [Read more...]
Building and financing the expansion of Europe’s electrical interconnection market
In the first of a series of four articles covering the expanding market for electrical interconnections in Europe, Jean-Baptiste Vaujour at the Emlyon Business School sets the scene by presenting the main points and current developments around the difficulties of building and financing these assets. Interconnectors allow power to be sent across borders to meet the shortfall where supply is not meeting demand. For example, European electricity … [Read more...]
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