To set up our upcoming online event (April 13th & 14th) "China: Carbon Neutral by 2060 -EFFICIENCY FIRST” we look at how Buildings Efficiency is being tackled by Energy Management Contracting (EMC), when an ESCO (energy service company) provides energy retrofit services and gets paid for the future energy savings. The up-front investment cost is recouped over the multi-year lifetime of the service contract by taking a cut of the genuine … [Read more...]
Rolls Royce wants innovative financing for its first-of-a-kind nuclear SMRs
Rolls Royce has made nuclear reactors for decades, small enough to fit inside nuclear submarines. It’s now adapting that expertise for the grid. Dan Yurman runs through the details of the firm's plans, including a look at its first-of-a-kind 440MW technology. Regulatory timescales will be kept short by developing the small modular reactors (SMRs) at existing licensed nuclear sites – with Cumbria and Wales its main targets. Importantly, an … [Read more...]
“Energy Charter Treaty review should end protection for fossil fuels”
In her previous article Sarah Keay-Bright said the outdated Energy Charter Treaty protects old world fossil fuel investments over the wide range of new green investments now being made. The treaty is being reviewed by its signatories this year. In a concluding article, she and Steivan Defilla warn that the terms of reference for the ECT review don’t even mention the need to align the treaty with the Paris Agreement. They say the revised ECT must … [Read more...]
IEEFA: IEA’s Sustainable Development Scenario is not enough
The IEA’s Sustainable Development Scenario (SDS) – if it’s followed - sees the world limiting the temperature rise to below 2°C. Even if we stick to the plan the SDS gives us only a 50% chance of success. Tim Buckley at IEEFA says those odds are not good enough. Worse, the SDS depends on carbon capture and storage (CCS) achieving commercialisation at scale by 2030. The author explains why he thinks that’s unrealistic, and calls for the IEA to … [Read more...]
U.S. innovative financing makes buildings energy efficiency affordable even to poor communities
Buildings energy efficiency is not moving fast enough to meet the Paris Agreement goals. Retrofitting old buildings is extremely costly and needs much more investment, as our previous articles have detailed. Innovative models of financing are urgently needed. In an article for Ensia, Nate Berg explains how by rolling upgrade costs into monthly bills for poorer communities, U.S. utilities are helping customers save energy and money at the same … [Read more...]
We have a decade to prevent dangerous climate change: these 10 policies can save us
The climate change challenge is not technical nor even economic, but a matter of enacting the right policies, writes Silvio Marcacci, Communications Director at San Francisco-based think tank Energy Innovation. Based on new research, Marcacci outlines the the types of policies that are the most effective. … [Read more...]
The IEA comes up short on climate (again)
The release of the World Energy Outlook (WEO) 2018 marks another missed opportunity for the International Energy Agency (IEA) to provide a roadmap to Paris, writes Greg Muttitt of NGO Oil Change International. According to Muttitt, even the WEO’s “sustainable development scenario” falls well short of the Paris goals. Policymakers and investors cannot rely on the WEO to guide their decisions in energy. … [Read more...]
Study says no way to decarbonise the gas sector by 2050
Gas industry advocates argue that expansion of gas infrastructure is justified because it will be possible to switch to low-carbon gases such as hydrogen and biomethane in future. But research by the International Council on Clean Transportation (ICCT) predicts that biomethane production will remain modest, even with massive subsidies. … [Read more...]
Energy efficiency is more than saving energy: “We need to build a real marketplace”
Energy efficiency experts have come to the conclusion that “selling the business case of energy efficiency on the basis of cost savings is not enough.” If the potential of energy efficiency is to be realised, a real marketplace in projects needs to be built and the “non-energy benefits” of efficiency must be monetised writes Brussels-based journalist Clare Taylor. The European Commission has developed a number of instruments, including a unique … [Read more...]
A blacklist of the world’s top 120 coal plant developers
Nearly 1,400 new coal power plant developments are planned or under construction in 59 countries that would add 33% to coal power capacity. But the risks of investing in such projects are growing, and many banks and investors are looking to move away from coal. To help them, non-governmental organisation Urgewald has created a database of the world’s top 120 coal plant developers, says Kathy Hipple of the Institute for Energy Economics and … [Read more...]
Energy transition: The greatest switch capital markets have ever seen
Even the most engaged energy pundits tend to gloss over what may be one of the biggest changes of all in a clean energy transition: how we pay for and finance the energy we use, and what that may mean for the investors, industries and companies that provide that energy. David Nelson of Climate Policy Initiative explains why investment strategies, financial markets and business models also need to transform. … [Read more...]
Nuclear activist Shellenberger learns to love the bomb
For decades, the nuclear energy industry denied any connection between nuclear power and nuclear weapons. In recent years, however, writes Jim Green, nuclear campaigner with Friends of the Earth Australia, the industry has turned around and started openly acknowledging that there is a connection, hoping that this will secure political support. Prominent nuclear activist Michael Shellenberger has even gone a step further, notes Green: he welcomes … [Read more...]
Hydrogen is heading up the European policy agenda
Hydrogen’s momentum is building, as European ministers consider approving a new ‘Hydrogen Initiative’ this week that aims to “maximise the great potential of sustainable hydrogen technology.” With funding from the EU’s Fuel Cells and Hydrogen Joint Undertaking, a consortium of industrial heavyweights in the H2FUTURE project is already ramping up production of hydrogen from renewable sources. But, as the International Renewable Energy Agency notes … [Read more...]
Smart cities: not enough projects make the grade
Despite the hype about smart cities, and the availability of EU funding, there are very few projects out there that qualify for funding, according to Lada Strelnikova, lead fund manager at the European Energy Efficiency Fund (EEEF). An exception: Belgian bank Belfius has, with the support of the European Investment Bank (EIB), provided €1 billion to smart city projects involving more than 100 municipalities in Belgium. According to Joost Declerck … [Read more...]
An evening with ecomodernist Michael Shellenberger (or: a defence of nuclear power you have not heard before)
Pro-nuclear activist Michael Shellenberger, founder of the California-based global citizens movement Environmental Progress (“not paid by the nuclear industry”) was in Amsterdam recently, where he gave a very personal “Ecomodernist” defense of why nuclear power is good and how it should be supported. “It is about protecting the natural environment by concentrating human activity.” This article was first published on Energy Post Weekly. … [Read more...]
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