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...]
Calculating the energy saved if home working becomes the norm, globally
The global lockdown has resulted in a jump in home working and a collapse in commuting. If, post-lockdown, this new lifestyle is widely embraced, will it mean a reduction in total energy consumption and, if so, by how much? Daniel Crow and Ariane Millot at the IEA have crunched the numbers to attempt to answer this question. The first observation is that although car use will drop, residential energy consumption will rise. This is what makes the … [Read more...]
Coal exit saves money when public health, land degradation costs added – analysis
Coal is cheap. In countries historically reliant on it, as well as emerging economies still building plants, switching to cleaner energy just doesn’t seem to add up. That’s when you’re only looking at your national energy system costs. But the externality costs of air pollution, public health and a degraded local environment are rarely factored in to the equation. When they are, explains Sebastian Rauner writing for Carbon Brief, abandoning coal … [Read more...]
EU needs clear European Green and Solidarity Pact by September
Stark predictions around the unprecedented economic challenges facing Europe (and the world) are starting to take shape. The possible solutions must keep pace with them. Here, Marc-Antoine Eyl-Mazzega at the IFRI Centre for Energy & Climate lays out those challenges and robust policy answers that can keep us on a net-zero emissions track while stimulating economies, creating jobs, and maintaining social justice. It’s no surprise that there is … [Read more...]
Designing the Covid-19 stimulus: what the 2008 crisis can teach us
Policy makers around the world are hearing a lot of advice on how to design their stimulus packages. This comes from the IEA where Fatih Birol lays out five fundamental lessons we can learn from the stimulus packages that came out of the 2008 global financial crisis. His main headings are: Build on what you already have – and think big (e.g. feed-in tariffs, production tax credits); Choose technologies that are ready for the big time (e.g. wind, … [Read more...]
Europe needs its own EV battery recycling industry
Europe needs its own battery recycling industry, and the EU’s European Battery Alliance should make it happen, says Raphaël Danino-Perraud writing for the IFRI Centre for Energy & Climate. For economic, strategic and environmental reasons, today’s overwhelming dependence on outsourcing – in this case to Asia - for battery manufacture and recycling needs to change. To start with, Asia provides over 90% of global car battery output, half coming … [Read more...]
Grid Battery tech on track. It now needs re-designed markets, monetisation
The rapid expansion of variable renewable electricity generation is making cost effective storage more urgent. Sure enough, in Europe several electricity storage projects are under construction and new ones are announced almost on a weekly basis. The battery technology seems to be on track, with estimates of $156/kWh in 2019 dropping to $61/kWh by 2030. But progress is hampered by the lack of a market that recognises and rewards the true value of … [Read more...]
Carbon Tax: “laboratory” Europe shows U.S. it has no effect on aggregate jobs, growth
The issue of carbon taxes is under debate in the U.S. Congress. The fear is a new tax will destroy jobs and hinder growth. Will it? Meredith Fowlie at the Energy Institute at Haas says the U.S. should see Europe as a very useful carbon tax laboratory experiment: half the countries have some sort of tax, the other half don’t. She’s pulled together evidence to answer the simple question: does a carbon tax affect aggregate employment and growth. Her … [Read more...]
The Six Energy Paradoxes that slow the sector’s progress
Gerard Reid at Alexa Capital takes a high level look at what he sees as six systemic problems faced throughout the energy sector. They can be found at every level, across all technologies and markets. He calls them the Six Energy Paradoxes. All of them are acting as a serious drag on progress, Transition or not. Take the Market Efficiency Paradox. Utilities should adjust their prices to meet changes in energy supply and demand. Higher supply or … [Read more...]
Offshore Wind: a new source of clean energy for Asia?
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...]
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