The Romanian energy sector is at a watershed, says Radu Dudau, Director of the Bucharest-based Energy Policy Group, in an interview with Energy Post. âWe are in urgent need of a new energy strategy. We need to decide what to do with our energy sector.â At the same time, says Dudau, the EU needs to get involved to coordinate regional energy matters in Central and Eastern Europe: âThis is a region with no encouraging history of cooperationâ But … [Read more...]
The IMF just destroyed the main argument against clean energy
A new report by the International Monetary Fund (IMF) finds that energy (fossil fuel) subsidies are âbig and risingâ. At the presentation of the report, Vitor Gaspar, Director Fiscal Affairs Department at the IMF, noted that most subsidies go to coal and said the numbers were âshockingâ. He added that âeliminating energy subsidies can generate substantial environmental, fiscal and welfare benefitsâ. Elias Hinckley, strategic adviser at the US law … [Read more...]
Hydropowerâs big splash â Word Energy Council projects decades of strong growth
The global hydroelectric power market, which already represents 76% of all renewable global energy, has the potential to double to 2,000GW capacity by 2050 according to a new report from the World Energy Council, âCharting The Upsurge In Hydropower Developmentâ, presented today in Beijing. This doubling could be achieved even earlier, if governments and multilateral banks give help to emerging economies where hydropower resources are … [Read more...]
Rising sun, sinking influence? Japan’s self-marginalisation from global climate politics
As other countries including the US, China, UK, Germany and Mexico lead on climate action, the lack of effort from the worldâs third largest economy and fifth largest emitter has left Japan isolated in a debate that is increasingly central to trade, investment, security and foreign policy, write Taylor Dimsale, Liz Gallagher and Camilla Born in a new report from the London-based consultancy E3G. The authors explain the reasons behind Japan's … [Read more...]
Asia at the crossroads: will it choose old energy â or turn to the new?
Asia is at a critical moment in its energy development. Hundreds of millions of people across Asia will be gaining access to modern electricity systems for the first time in the coming years. The question is: will they be supplied with power from traditional central plants, or by low-carbon, distributed power systems? According to David Fullbrook, senior consultant with DNV GL Energyâs Clean Technology Centre in Singapore, people in Asia would … [Read more...]
UBS: closures coal and gas fired power plants in Europe accelerating
The influx of renewable energy sources such as wind and solar into energy markets is forcing coal and gas fired generation out of the market even quicker than most analysts expected, according to a new market report from investment bank UBS. According to UBS, policymakers may have to take measures to prevent widespread bankruptcies in the European electricity market, writes Giles Parkinson of Reneweconomy.com.au. … [Read more...]
Less worldly, more wise: a letter to Ben van Beurden, CEO of Shell
In a speech given in London in February, Ben van Beurden, CEO of Shell, called on the energy industry to be "less aloof, more assertive" in the debate about climate change. Van Beurden stressed that "the world's energy needs will underpin the use of fossil fuels for decades to come" and called for "realism and practicality". In a speech given in Paris in March, John Ashton, independent speaker, former UK Special Representative for Climate Change … [Read more...]
GlobalData: Russiaâs oil production will continue to grow despite low oil prices
Russian oil production has grown by 1 million barrels per day (bpd) over the last decade to a post-Soviet record of 10.6 million bpd in 2014. In the next five years the factors that were behind this production surge will remain in place, regardless of oil prices, says Anna Belova, GlobalData's Upstream Analyst covering the Former Soviet Union. The Russian oil and gas industry is ârelatively self-sufficientâ, Belova adds. … [Read more...]
Quo Vadis RWE? A power giantâs struggle with the Energiewende
The German government has proposed new regulations for penalising the countryâs most inefficient coal and lignite power plants. This would particularly hit the troubled power giant RWE. What future is there for RWE in a low-carbon economy? Can it engineer its own energy transition? A lot will depend on whether the German government is willing â and even more so: able â to push through its climate legislation at the expense of the existing power … [Read more...]
The Great Grid Special: where is Europe going with its grids?
The EU has adopted a 10% electricity interconnection target that all member states have to meet by 2020. However, experts question this one-size-fits-all approach. They do agree that new investment in power grids is crucial - but not which type should get priority: interconnection, transmission, distribution, "smart" or even microgrid. A new French report shows that most investment is actually going to gas grids where it may be less … [Read more...]
Top 12 media myths on oil prices
The upstream oil and gas industry is not a black hole, writes Dan Doyle, president of Reliance Well Services, a hydraulic fracturing company based in Pennsylvania. âThere's no mystery wrapped in an enigma here.â Doyle âsets the record straightâ on 12 âmedia mythsâ about oil and gas prices. Well, 11 really. … [Read more...]
Clean Disruption: how Silicon Valley will make oil, nuclear, gas, coal obsolete (book review)
In his new book âClean Disruption of Energy and Transportationâ, famous author, lecturer and Silicon Valley entrepreneur Tony Seba predicts that by 2030 all power generation will be solar and wind and all cars will be self-driving electric vehicles. The existing energy industry will be âobliteratedâ. In a review of the book, JosĂŠ Cordeiro, founding energy advisor at Singularity University and Visiting Research Fellow at the Institute of … [Read more...]
A global deal that drives good decisions: what success at the Paris summit should look like
 âTargets and timetables are only exciting to policy insidersâ, writes Professor Nick Rowley of the University of Sydney, former strategic director of the Copenhagen Climate Council as well as former climate policy advisor to Tony Blair, in the final part of his three-part essay on the prospects of a global climate deal at the Paris summit in December. To be successful, argues Rowley, the Paris climate talks should spell out what concrete steps … [Read more...]
Why the Paris climate talks wonât be another Copenhagen
Nick Rowley of the University of Sydney, who was closely involved in the failed Copenhagen Climate Summit in 2009, presents five reasons to be optimistic about the outcome of the upcoming Paris talks. Many countries now see a climate agreement as more than an end in itself, he notes. They regard it as a vital means to address other challenges as well. And he notes that the cast of characters in Paris looks much better than in Copenhagen. … [Read more...]
No shale gas in Eastern Europe, after all: implications of Chevronâs exit from Romania
Chevronâs decision to give up on Romanian shale gas exploitation, after earlier having departed from Poland and Lithuania, marks the final departure from the US companyâs Eastern European shale gas adventure. According to Anca Elena Mihalache, Senior Analyst with the Bucharest-based Energy Policy Group, Chevronâs exit makes it clear that there is little hope for successful shale gas development in Central and Eastern Europe. She hopes that … [Read more...]
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