Hopes are high at the UN Climate Conference that has started this week in Lima, Peru. There are many signs that a turning point has been reached, writes Giles Parkinson of Reneweconomy.com. But the hurdle is still high: to meet the 2C target, two-thirds of known fossil fuel reserves have to stay in the ground, costing the oil and coal sector $1 trillion a year in lost revenue. … [Read more...]
Juncker’s €300bn investment gamble – and what it might mean for energy
The EU and European Investment Bank (EIB) have teamed up to launch a new investment programme for Europe – with energy, as well as transport, research, innovation and education, its key objects. A modest €21bn in public money is set to be multiplied up to a whopping €315bn in total investments over the next three years, pushing Europe toward that long-hoped for economic recovery. There is no dedicated share of the money for individual sectors or … [Read more...]
Fossil-fueled Republicanism: what to expect from the new US Congress
While more and more people around the world are coming to recognize the need for restraints on fossil fuel consumption, the new Republican-dominated Congress will lead the United States in the opposite direction, writes Michael Klare, author of many books and articles on energy policy. Klare outlines the energy policies the Republicans in Congress are likely to pursue and explains what is behind their fervent commitment to oil and gas. In an … [Read more...]
World Energy Council: Germany and Spain less energy secure, UK and Japan on watch list
The new release of the World Energy Council’s annual Energy Trilemma Index, a ranking of countries based on their energy security of supply, affordability and sustainability, shows that Germany and Spain have gone down in their ratings. The UK and Japan have been placed on “negative watch”, showing a downward trend in energy security. In an interview with Energy Post, Joan MacNaughton, Executive Chair of the World Energy Trilemma work, notes that … [Read more...]
The Five Energy Labours of Juncker
The new team heading the European Commission in Brussels is lucky. Its predecessors closed two sensitive deals before the reshuffle: a European energy and climate strategy for 2030 and a gas winter package between Ukraine and Russia. On top of that, outgoing Energy Commissioner GĂĽnther Oettinger finished off a thick report on the way forward for a European energy market. The new Commission will follow up on these three dossiers, plus two more … [Read more...]
Let’s not forget those fossil fuel subsidies
The IEA’s World Energy Outlook (WEO), published on 12 November, has – not for the first time – put the spotlight on the huge subsidies given worldwide for the use and production of fossil fuels. And these do not include other costs (e.g. the hundreds of billions in US military spending to garrison the Middle East) and externalities caused by our oil, gas and coal use. Sophie Vorrath of RenewEconomy presents the main figures from the WEO. … [Read more...]
viEUws VIDEO: Brussels Briefing on Energy – All you need to know for November 2014
In this latest Brussels Briefing on Energy viEUws.eu, leading energy journalist Hughes Belin provides anoverview of the latest EU energy policy developments: … [Read more...]
Interview Joe Phillips, DNV GL: “For offshore wind there is only one way forward: together”
“Offshore wind offers great promise but the industry is at a very delicate stage now. We can’t afford to make mistakes in construction that lead to cost overruns,” warns Joe Phillips, Head of Strategy & Policy for Renewables at DNV GL, one of the largest technical energy consultancies in the world. DNV GL has recently issued an “offshore wind cost reduction manifesto” that commits the company to help reduce costs in the sector by 25% and … [Read more...]
Europe’s nuclear future may hinge on UK’s Hinkley deal
The fate of future nuclear power projects in Europe could hinge on whether government-backed guarantees for Britain’s Hinkley Point C power station survive an expected challenge from Austria in Europe’s highest court. Analysts agree that large nuclear undertakings have become too costly and risky for private investors alone. For this reason many EU countries are backing the UK’s support for nuclear power. Timothy Spence reports from Vienna. … [Read more...]
Cleantech innovation in Europe: here are the gamechangers of the future
At a “business booster” event in Barcelona, sixty European cleantech startups supported by KIC InnoEnergy, presented themselves to the world. They offered an impressive variety of new technologies and market innovations, ranging from new storage devices and solar chips to energy saving techniques, financing models and consumer engagement platforms. In this article we present to you some of the gamechangers of our future energy system – all made … [Read more...]
The end of an era: is the US petrodollar under threat?
Western sanctions imposed on Russia are driving Moscow further into the arms of Beijing, writes Andrew Topf for Oilprice.com. This may have the unintended consequence of ushering in the demise of the “petrodollar” – with profound consequences for global energy markets. … [Read more...]
South Australia's renewable energy future
South Australia made headlines around the world when it was announced that the state had been powered by 100% renewable energy for an entire working day. Commentators took it as a proof that a fully renewable future is possible. South Australia, writes Jack Baldwin of the South Australian news service The Lead, demonstrates to the world the benefits of renewable energy. According to Baldwin, there are signs the rest of the country will follow, … [Read more...]
Save the EU Emissions Trading Scheme: set a price band
The Market Stability Reserve proposed by the European Commission will not be sufficient to reform the EU Emission Trading Scheme (ETS). If the ETS is to be saved, EU policymakers must instead take the bold step of establishing a price band for CO2 emission rights, argue Brigitte Knopf of the Potsdam-Institute for Climate Impact Research (PIK) and Ottmar Edenhofer of PIK and the Mercator Research Institute on Global Commons and Climate Change … [Read more...]
Cleantech innovation in Europe: the pace is picking up
The pace of innovation in the European energy sector is stepping up. “Energy is no longer seen as a commodity that simply needs to be there. It is perceived as a challenge for which solutions need to be found”, says Elena Bou, Innovation Director of KIC InnoEnergy, a top European company in the field of sustainable energy innovation, in an interview with Energy Post. According to Bou, successful innovation begins with “asking the right … [Read more...]
Solar power to the people
The spectacular global growth of solar PV is one of the big energy stories of today. And it may well become the energy story of the 21st Century. Where did the solar revolution “suddenly”come from? And where will it take us? One of the pioneers of the sector, Peter F. Varadi, co-founder of what was once the biggest solar PV producer in the world, Solarex, has written a unique history of his company and that of solar PV. He also looks ahead to … [Read more...]
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