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...]
Should EPH, betting on a coal power future, have its cake and eat it too?
EPH, the Czech energy company that bought Vattenfall’s German lignite assets, has joined a legal action against new pollution limits, writes energy finance consultant Gerard Wynn. Although EPH acquired the plants at a steep discount, and has profited from a sharp rise in wholesale power prices, the company apparently is still not satisfied, notes Wynn. It wants to be able to disregard EU-wide rules that protect people from air pollution and … [Read more...]
What climate change policy puts America first?
The Trump Administration has ordered federal agencies to use a “social cost of carbon” that only takes into account domestic consequences of climate change, writes Meredith Fowlie, Assistant Professor of Agriculture and Resource Economics at the University of California at Berkeley. That translates into a cost of $1-$6 per ton, instead of the $45 per ton that was under the Obama Administration. Fowlie explains the reasoning behind the policy … [Read more...]
Is the Paris climate deal legally binding or not?
“Like hell it’s non-binding,” Donald Trump has said of the 2015 UN deal to cut carbon pollution. Is he right, ask Timmons Roberts and Angelica Arellano? The answer is not black or white. Article courtesy Climate Home News. … [Read more...]
Five things that should happen at the Bonn climate talks but probably won’t
If the Paris agreement is to be anything other than a farce, there are five things that should happen at the climate convention that has just started in Bonn, write Matthew Paterson and Marc Hudson of the University of Manchester. Chances are, however, that they won’t. Courtesy The Conversation. … [Read more...]
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