Renewable energy’s steep cost reductions may be tapering off, as investments levels are flat and system costs are becoming more important than component costs, writes independent energy expert Roger Arnold. According to Arnold,this implies that policy support should shift to storage and infrastructural approaches. … [Read more...]
China takes steps to stimulate distributed renewable energy generation
China’s spectacular expansion of its solar power capacity is mostly based on utility-scale solar, but distributed solar is also taking off, write Max Dupuy and Wang Xuan, two China experts from the globally operating Regulatory Assistance Project (RAP). According to Dupuy and Xuan, this trend may be expected to continue, as the Chinese government is creating new business and regulatory models to stimulate distributed solar PV and other … [Read more...]
Will China’s Belt and Road Initiative help or hinder clean energy?
China’s Belt and Road Initiative, the broad infrastructure and market-building initiative of the world’s second-largest economy, has a different feel than trade agreements initiated in the West – and it could have major implications for the future of energy across many parts of the world, writes Sonia Aggarwal, Vice President of think tank Energy Innovation, and Director of America’s Power Plan. … [Read more...]
China just launched the world’s largest carbon market. Here are 3 ways it can succeed
On December 19, China formally launched its national carbon market. By setting a carbon price on the country’s largest greenhouse-gas emitters, China has launched a new, crucial endeavor in its efforts to tackle pollution and climate change, write Hal Harvey and Hu Min of the San Francisco-based think tank Energy Innovation. … [Read more...]
The quiet power market transformation behind the new carbon market in China
In December, the Chinese government announced the launch of a national carbon emissions trading scheme (ETS), which is expected to become the largest ETS in the world. This is a major development, writes Max Dupuy, senior associate at the Regulatory Assistance Project (RAP), but its success depends on an even deeper power sector transformation that is taking place in China, which gets much less attention. This reform effort promises to completely … [Read more...]
The world should go for zero emissions, not two degrees
Two years after the climate summit in Paris, euphoria has largely evaporated, writes Oliver Geden, Head of Research Division EU/Europe at the German Institute for International and Security Affairs (SWP). There has been little sign of additional ambition in climate change mitigation since. One fundamental reason, according to Geden, is that the target of “holding the temperature increase to well below 2 degrees Celsius” does not commit countries … [Read more...]
How to ensure that corporate buying of renewable energy really makes a difference
Many corporations are eager to contribute to the fight against climate change by sourcing renewable energy. Yet, despite some high-profile power purchase agreements, corporate renewables sourcing is still a small market and its real contribution to the energy transition is doubtful sometimes, writes Malte Gephart, energy policy expert at international consultancy Navigant. According to Gephart, this is a missed opportunity. He explains what needs … [Read more...]
A fresh start for climate change mitigation in New Zealand
The election of the sixth Labour-led government, in a coalition with the Greens, heralds a new direction for climate change policy in New Zealand, writes professor Robert McLachlan of Massey University. That is high time, according to McLachlan: the country’s emission trading system has not delivered, greenhouse gas emissions have risen. Courtesy The Conversation. … [Read more...]
The case for additional actions within the EU ETS has just become stronger
It is sometimes thought that total emissions in the EU ETS (Emission Trading System) are equal to the cap, and so any additional actions, such as phase-out of coal power, increasing energy efficiency and deploying more renewables, have no effect. But this is not true, writes climate change economist Adam Whitmore. Indeed, according to Whitmore, recently agreed reforms to the EU ETS strengthen the case for additional actions. For policymakers, … [Read more...]
Fancy having your own power plant? “Fuel cell micro-cogeneration is market-ready”
More than 1,000 fuel cell micro-cogeneration units have been installed in homes and business in ten countries over the last several years by the ene.field project. Its successor, the PACE project, aims at bringing costs further down, although manufacturers and users say the technology is market-ready. … [Read more...]
Ukraine: energy transition could work wonders, but policies are “the least ambitious in the world”
Ukraine can reduce its energy dependence and build a strong economy on clean and safe renewable energy, a new study shows. Unfortunately, the latest Energy Strategy adopted by the government in August shows a complete lack of ambition to pursue a low-carbon transition. Ukraine’s “nationally determined contribution” under the Paris Agreement is the least ambitious in the world, according to an independent analysis. … [Read more...]
After Bonn, 5 things to watch for in the coming year of global climate policy
Five things that should have happened at the recent climate conference in Bonn, didn’t happen, write Marc Hudson and Matthew Paterson of the University of Manchester. But there is life beyond the UNFCCC process. They identify five things to watch for in climate policy in the coming year – if it isn’t too late already to save the world from climate change. Courtesy The Conversation. … [Read more...]
Renewables in Africa are losing ground: a proposal for a practical climate finance instrument
If the One Planet Summit in Paris on 12 December is to meet its expectations, it must lead to a new cost- and carbon-efficient instrument to support decentralised renewable electricity generation across Africa, writes Terje Osmundsen, Courtesy Energi og Klima blog. … [Read more...]
Trump’s coal and nuclear subsidy could cost U.S. economy over $10 billion a year
The U.S. Department of Energy's new initiative to subsidize coal and nuclear generation could cost U.S. businesses and households up to $10.6 billion annually, writes Silvio Marcacci, Communications Director at think tank Energy Innovation. This money would go to about 10 companies.  … [Read more...]
Keeping coal plants open: the Spanish government’s costly intervention in the power market
After power producer Iberdrola announced the closure of their last coal plants, on 10 November, the Spanish government has said it might intervene to keep them open. Such an intervention, write energy experts Gerard Wynn and Paolo Coghe, is taking a page out of Donald Trump's book. It is costly, bad for the investment climate, and for the planet’s climate. … [Read more...]
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