By 2030, you probably won’t own a car, but you may get a free trip with your morning coffee, writes Giles Parkinson of Reneweconomy.com. Transport-As-A-Service (TaaS) will use only electric vehicles and will upend two trillion-dollar industries. It’s the death spiral for cars as we know them today. Courtesy of Reneweconomy.com. … [Read more...]
Costs of electricity generation compared: beware of simple metrics
With the rapid growth of renewables, comparing costs of different forms of power generation has become important for policymakers, investors and analysts. In these comparisons, the metric of LCOE (levelized cost of energy) is often used, but the U.S. Energy Information Administration (EIA) warns that this metric does not cover all the complexities involved. The EIA has written a short primer on comparing power generation costs. … [Read more...]
Divestment will not block German lignite
Stock divestment strategies have been widely proposed to undercut financial support for fossil fuels. The German lignite industry, however, cannot be tackled in this way, writes independent energy expert Jeffrey Michel in a highly informative analysis. Lignite stations and mines are owned by regional communities in the west and a Czech consortium in the east. Although some power plants are being phased out against government-arranged subsidies, … [Read more...]
How to calculate revenues of solar and wind power when the subsidies stop
As the recent offshore wind auction in Germany showed, unsubsidized renewables are rapidly becoming a reality. But how do you calculate the revenues from intermittent solar and wind power plants that receive no financial support, in particular in view of the frequent occurrence of zero or negative power prices? Carlos Perez Linkenheil, Marie-Louise Niggemeier and Simon Göß from Energy Brainpool, independent Berlin-based energy market experts, … [Read more...]
Tobacco and climate change liability: there are more similarities than you might think
While there are some important differences between liability for the damage of smoking and the damage caused by climate change, from a legal perspective there are also many significant similarities, write Martin Olszynski, Sharon Mascher (both at the University of Calgary) and Meinhard Doelle (Dalhousie University). Automakers and fossil fuel energy companies may want to start warning the public more explicitly about the risks of fossil fuel … [Read more...]
Climate change is not democratic: inaction equals annihilation of the poor
There’s a tendency to believe that the effects of climate change will be felt more or less democratically around the globe. In reality, writes energy and foreign policy specialist Michael Klare, the harshest effects will fall on the poorest and most marginalized people. They will suffer mass annihilation – unless we take action. Courtesy of Tomdispatch. … [Read more...]
Nuclear energy does not cost the earth
Those who claim nuclear is dead, at least for Europe, because of its high costs and lack of public support are wrong, writes Tim Yeo, Chairman of the pro-nuclear group New Nuclear Watch Europe (NNWE). Despite recent financial troubles besetting certain parties in the nuclear sector, there are competitive vendors and competitive projects out there. Key for European countries considering building new nuclear plants is to choose the right … [Read more...]
Five myths about dismantling North Sea oil rigs
Dismantling oil rigs in the North Sea is a waste of money and has no environmental benefits, writes Tom Baxter of the University of Aberdeen. According to Baxter, it makes more sense to leave the infrastructure in place and use the savings to fund green energy projects. Courtesy The Conversation. … [Read more...]
China’s new Silk Road: is it black or green?
The expansive internationalization of China’s energy role has led many to believe that while China is "greening" its own economy, it is at the same time exporting it's fossil-fuel-based energy system abroad. John Mathews, Professor of Management at Macquarie University, Australia and Hao Tan, Senior Lecturer at the University of Newcastle, Australia, provide a detailed assessment of China's energy exports and come to a largely different … [Read more...]
Cleantech startups: can German utilities bridge the Valley of Death?
Investment in cleantech startups has so far yielded disappointing results, writes Marius Buchmann, Post-Doc at Jacobs University in Bremen, Germany. According to Buchmann, one important reason is that incumbent energy companies have not been willing to invest in and acquire startups. But this is now changing, especially in Germany, partly as a result of the new business model adopted by Eon and RWE. Article courtesy of Buchmann’s blog Enerquire. … [Read more...]
Oil market (II): Is another bust looming over the oil industry?
Royal Dutch Shell broke ranks from other industry players last fall when its chief executive officer opined that global demand could reach a maximum in the next five to fifteen years. Given the nature of the demand plateau and the historical failure of authorities to predict its advent, it is time for the oil industry to begin planning and watching for the turn, writes Dwayne Purvis for Oilprice.com. Courtesy Oilprice.com. … [Read more...]
Oil market (I): Supply crunch or oil glut – investment banks can’t agree
Most analysts see a “supply gap” looming in the global oil market. But not all, writes Tsvetana Paraskova for Oilprice.com. Courtesy Oilprice.com. … [Read more...]
The battle for the future of nuclear energy
Nuclear is facing a desperate situation: the world could lose up to two times more nuclear than it gains by 2030, writes Michael Shellenberger, founder and president of the pro-nuclear citizens movement Environmental Progress (EP). According to Shellenberger, the nuclear crisis is caused purely by cultural, ideological and political factors. There are no technological and economic barriers to expanding nuclear power: existing designs are safe and … [Read more...]
The coal-free 2°C scenario: within reach and cheaper than told by IEA
Scrapping of planned coal power and accelerated investment in wind and solar are essential if we are to reach the Paris climate goals. The good news: It can be done significantly cheaper than the International Energy Agency (IEA) estimates, writes Terje Osmundsen, Senior Vice President of the Norwegian-based international solar power company Scatec Solar. Courtesy of EnergiogKlima. … [Read more...]
Market design of 1980s not fit for today’s markets
The renewable flood is creating havoc in wholesale electricity markets. And this will only get worse, as storage and zero net energy buildings expand, writes Fereidoon Sioshansi, editor of the newsletter EEnergy Informer. According to Sioshansi, the solutions applied today to keep the lights on do not address the fundamental flaws in market design. New solutions are needed. Courtesy EEnergy Informer. … [Read more...]
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