Offshore wind is seeing the same dramatic cost reductions as solar and onshore wind. Though still more expensive, it’s heading towards $60/MWh parity with them across Europe. The U.S., China and Taiwan are also experiencing impressive drops. It’s why global capacity nearly doubled in three years from 12GW in December 2015 to 23GW by the end of 2018. IEEFA’s briefing note “Offshore Wind Ready to Be Key Part of Energy Mix Globally – Top European … [Read more...]
Non-energy firms lead investments in clean energy start-ups
Investments in innovative “blue sky” companies tell us where the bets are being placed on the energy sector’s future. Such investments leaped in 2016, mostly directed at clean energy technology. This analysis by Simon Bennett at the IEA usefully includes a long list of firms and their investments. Digital sensors, batteries, electric vehicles and smart algorithms are among the main recipients this year. Other fascinating categories include … [Read more...]
Women facing barriers in the renewables workforce
Gender discrimination always matters. It should matter even more to the new green economy. Justice aside, barriers against half the workforce limit your talent pool. For a sector where "business as usual" guarantees failure we need to ensure the fairest selection processes from the widest possible pool as new jobs are created every day. But today’s energy sector has a bigger role to play. Energy is now arguably the 21st century’s “sector of … [Read more...]
China’s quest for gas security is reshaping the global LNG market
In just two years, China has become the world’s top gas importer and should soon become the largest importer of Liquefied Natural Gas (LNG). But that growing import dependency, domestic winter supply concerns, and the trade war with the U.S. means the Chinese government is reinforcing its gas supply policy, says a report "China’s Quest for Gas Supply Security: The Global Implications" by the IFRI Centre for Energy & Climate, authored by … [Read more...]
Wind power predictions doubled by factoring in far-future design improvements
Existing studies estimate all Europe’s potential total maximum annual generation from wind is between 16 and 21 petawatt hours (PWh), already over five times Europe’s existing electricity total from all sources (3.6PWh). A new study doubles that figure to 34.3PWh. The study claims to improve on the accuracy of two factors used in making these predictions, explains Josh Gabbatiss at Carbon Brief. Firstly, it uses what it believes are realistic … [Read more...]
50% Hydrogen for Europe: a manifesto
Electricity has well known limitations, mainly for bulk and long-range transport, industrial processes requiring high temperature heat, and the chemicals industry. To entirely replace fossil fuels we need hydrogen, say Frank Wouters and Prof. Dr. Ad van Wijk. It has an energy density comparable to hydrocarbons. There's more: Europe’s electric grid can’t cope with 100% electrification, yet hydrogen would use the existing gas pipe networks. The … [Read more...]
Children today must emit eight times less CO2 than their grandparents
No wonder young people have taken the reins of the climate demonstrations away from the adults. Zeke Hausfather at Carbon Brief shows that the global budget for avoiding warming of 1.5C or 2C has already been mostly used up. To put that in numbers, if children emit like their parents they’ll exhaust their carbon budget in just 9 years. It’s why emissions must peak in the next few years and then rapidly decline to hit the Paris targets. That’s … [Read more...]
Fieldfisher Interconnectors Forum – Brussels, 21 March 2019
The Fieldfisher Interconnector Forum will take a highly topical look at Interconnectors across Europe and the UK. This free half day event will cover significant legal developments and hot topics, including: The Outlook for Interconnectors - Future Opportunities Brexit and Future Energy Trading Scenarios Energy Market and Regulation Updates Environmental and Planning Perspectives Attendees will hear from Will Bridges, … [Read more...]
Report maps out the new geopolitical power dynamics created by renewables
A new report by the Global Commission on the Geopolitics of Energy Transformation says the new energy age will profoundly reshape relations between states and regions. It will bring “A New World” of power, security, energy independence and prosperity. It will also reshape the geopolitical map, just as fossil-fuels have done over the last 200 years. No nation will be unaffected. … [Read more...]
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