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Aviation emissions: don’t wait for CORSIA. Strengthen EU ETS and Fit-for-55

October 17, 2022 by Jacopo Cammeo

The European Aviation Safety Agency (EASA) has projected growth in flights of 40% between 2018 and 2035. So how do we reduce aviation emissions? The global implementation of the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) remains low. Meanwhile, Europe’s EU ETS has helped reduce the sector’s emissions by around 17m tonnes of CO2eq per year - but it did not bring a net decrease in emissions. Technological progress … [Read more...]

Filed Under: Energy, Transport and energy Tagged With: aviation, CORSIA, emissions, EUETS, FitFor55, GreenDeal, offsetting, SAF, transport

Project Air: building a first-of-a-kind, large-scale sustainable methanol plant for the chemicals industry

July 5, 2022 by Project Air

Project Air is creating a first-of-a-kind, large-scale sustainable methanol plant. It uses CCU for converting CO2, residue streams, green hydrogen and biomethane into methanol. It’s a collaboration between specialty chemicals innovator Perstorp (Sweden) and energy firms Fortum (Finland) and Uniper (Germany). Perstorp aims to be the first chemical producer to replace all fossil-based methanol for its European production facilities (200,000 tons … [Read more...]

Filed Under: Energy, Industry Tagged With: biomethane, CarbonPrice, CBAM, CCU, chemicals, ETS, EU, FitFor55, Fortum, hydrogen, innovation, methanol, Perstorp, REDIII, REPowerEU, Uniper

Interpreting the Paris Agreement: the 1.5C and 2C targets are not two different options

June 30, 2022 by Carl-Friedrich Schleussner and Gaurav Ganti

Carl-Friedrich Schleussner and Gaurav Ganti at Humboldt University of Berlin, writing for Carbon Brief, want to clear up confusion over the 1.5C and 2C pathways. Their concern is that some people are interpreting the Paris Agreement’s wording as two separate targets, one simply better than the other. But they should not be seen as two different options. The objective of “well below 2C” must be seen by modellers and policy-makers as a clear … [Read more...]

Filed Under: Energy, Policies Tagged With: emissions, FitFor55, ghg, modelling, netzero, Paris2015, pathways, scenarios

“Options to Reform the EU ETS”: coping with price volatility and speculation (event summary)

April 5, 2022 by Sara Stefanini

Sara Stefanini provides a written summary of our panel discussion held on 31st March 2022, “Options to Reform the EU ETS”. It’s a full summary of the 90 minute discussion (with a link to the video), but it begins conveniently with a summary of the highlights, leading with the role of financial players, who they are, the causes of price volatility, what reforms can create stability, and the cost of decarbonisation. The main concern is speculation … [Read more...]

Filed Under: Energy, Events, Policies, Videos Tagged With: CBAM, decarbonisation, EC, ESMA, EU, EUA, EUETS, FitFor55, MSR, price, speculators, volatility

Event summary: “Unlocking the potential of Bioenergy”

March 21, 2022 by Sara Stefanini

Sara Stefanini provides a written summary of our panel discussion held on Thursday March 17th 2022. It’s a full summary of the 90 minute discussion (including audience questions), but it begins conveniently with a summary of the highlights (potential for bioenergy, hard-to-abate sectors, sustainability, policy needs). Those highlights include the need to scale bioenergy up from around 50 EJ today to 150 EJ by 2050; the importance of carbon … [Read more...]

Filed Under: Biofuels, Energy, Events, Videos Tagged With: aviation, BECCS, bioenergy, biofuels, biomass, CCS, CCUS, cement, chemicals, FitFor55, forestry, GreenDeal, infrastructure, policies, REDII, SAF, steel, sustainability, transport

District Heating Roundtable: Policy across RED, EED and EPBD “must take account of conditions in all Member States”

February 17, 2022 by Sara Stefanini

Sara Stefanini provides a written summary of our panel discussion held on 10th February: District Heating under the "Fit for 55" package: challenges and opportunities. Under the “Fit for 55” package, the EC proposed several regulatory changes that, combined, are meant to decarbonise district heating in Europe. But are these options workable for all? The participants raise questions over the support for district heating, whether the multiple … [Read more...]

Filed Under: Buildings, Climate policy, Debates, Energy, Energy efficiency, EU Policy, Expert Panel, HVAC Tagged With: biomass, buildings, CHP, coal, cogeneration, Digitalisation, district, efficiency, electricity, FitFor55, gas, heating, HVAC, NZE2050, policy, renewables

EU Taxonomy: labelling Gas “green” is a gift to Putin

February 8, 2022 by William Todts

Many of today’s clean energy technologies were given their first boost in the wake of the 1973 oil crisis, explains William Todts at T&E. He now hopes the current confrontation between NATO and Russia over Ukraine will shake up and deepen Europe’s commitment to the energy transition. But entirely the wrong signal was sent over the New Year, says Todts. He describes the European Commission’s inclusion of gas in the EU Taxonomy for sustainable … [Read more...]

Filed Under: Energy, Oil, Gas & Coal Tagged With: EC, EIB, EU, finance, FitFor55, gas, Military, netzero, oil, Parliament, renewables, Russia, Taxonomy, transition, Ukraine

Renewed interest in Carbon Capture strategies for net-zero: targets, obstacles, costs, priorities

November 10, 2021 by Martina Lyons

Martina Lyons at IRENA picks out the highlights of their new report “Reaching Zero with Renewables: Capturing Carbon”. Carbon capture is going to be expensive, so should be focussed on hard-to-abate industrial sectors, as well as bioenergy plants. Lyons breaks down the target carbon capture volumes, costs and the investments required, as well as looking at the consequences of different strategies and carbon prices. Scaling up this technology, … [Read more...]

Filed Under: Carbon Capture, Energy Tagged With: BECCS, BECCU, Canada, capture, carbon, CCS, CCUS, CDR, COP26, costs, DACS, EU, FitFor55, investment, SaudiArabia, UNFCCC, US

Don’t let high gas prices stop the EU ETS from doing its real job

October 7, 2021 by Milan Elkerbout

The EU ETS carbon price reached a high of over €60 per tonne in September. Some are arguing that its role in the current gas price crisis is a reason why it should be reined in. But Milan Elkerbout at CEPS Policy Insights explains that the EUA (European Union Allowance) has multiple purposes. It is an incentive to invest in low-carbon solutions such as renewables, efficiencies and new methods. The sooner we pass the cost hurdle of integrating … [Read more...]

Filed Under: Energy, Oil, Gas & Coal, Policies Tagged With: ETS, EU, EUA, EUETS, FitFor55, gas, GreenDeal, JustTransition, prices

Renewable Hydrogen: what policy instruments are needed to reach the new targets?

September 3, 2021 by Pia Kerres, Matthias Schimmel and Corinna Klessmann

A comprehensive mix of policy instruments is needed to ensure that the EU meets its ambitious hydrogen targets. What should they look like? Pia Kerres, Matthias Schimmel and Corinna Klessmann at Guidehouse quote their study, done in collaboration with Agora Energiewende, for the answers. Industry and long-haul transport should be the main customers for hydrogen. The big challenge is to cut the cost of hydrogen production; it’s too expensive and … [Read more...]

Filed Under: Energy, Hydrogen Tagged With: aviation, costs, EU, FitFor55, hydrogen, industry, RED2, RFNBO, shipping, transport

EU “Fit for 55”: how it impacts the EU ETS to accelerate emissions reductions

August 30, 2021 by Christoph Kellermann, Lun Zhou and Simon Göss

Christoph Kellermann, Lun Zhou and Simon Göss at Energy Brainpool explain how the EU’s new “Fit for 55” proposals, released in July, will impact the EU Emissions Trading Scheme (EU ETS), hailed as one of the most effective ways of reducing emissions. The authors cover the changes to the existing ETS, the planned new ETS for road transport and buildings, the controversial Carbon Border Adjustment Mechanism (CBAM), and the new CO2 standards for … [Read more...]

Filed Under: Energy, Policies Tagged With: aviation, buildings, CBAM, cement, EU, EUETS, EVs, FitFor55, grids, industry, maritime, steel, transport

Comparing four Carbon Removal scenarios (IPCC, IEA, McKinsey, NGFS) and policy implications

July 20, 2021 by Simon Göss and Hendrik Schuldt

Most net-zero scenarios include carbon removal as a major component. Simon Göss and Hendrik Schuldt at cr.hub review five major scenarios from the IPCC, IEA, ETC, McKinsey, and the Network for Greening the Financial System (NGFS). They start by making the very important distinction between carbon capture and negative emissions: capturing carbon from, say, a gas plant does not deliver negative emissions, it just prevents new emissions. This … [Read more...]

Filed Under: Carbon Capture, Energy Tagged With: BECCS, CCS, CCUS, CDR, CO2, coal, FitFor55, gas, IEA, IPCC, McKinsey, NGFS, scenarios

Wind, Solar: continuing cost declines will help meet rising renewables targets

July 19, 2021 by Michael Taylor

The EC’s “Fit for 55” proposals include the raising of the EU’s 2030 target for total energy produced from renewable sources to 40%. Much of the rest of the world will likely raise its targets at some point too. Continuing to cut the cost of renewable energy generation will be essential to make that happen, and take pressure off all the other associated costs of supporting its integration into the energy system. Michael Taylor at IRENA summarises … [Read more...]

Filed Under: Energy, Renewables Tagged With: Bulgaria, coal, costs, CSP, financing, FitFor55, Germany, India, innovation, renewables, solar, US, wind

Central and Eastern Europe’s buildings renovation plans fall far short of 55% emissions cuts

July 16, 2021 by Christophe Jost

There are big decarbonisation gains to be had in a renovation wave in Central and Eastern Europe (CEE) precisely because their building stock is very energy-inefficient, explains Christophe Jost at CEE Bankwatch. But Bankwatch's report on eight national plans - Bulgaria, Czechia, Estonia, Hungary, Latvia, Poland, Romania and Slovakia – reveals weaknesses in scale, funding, strategy and policy. Many are planning to comply with only the former 40% … [Read more...]

Filed Under: Buildings, Energy Tagged With: buildings, Bulgaria, CEE, Czechia, efficiency, Estonia, EU, FitFor55, funding, heating, Hungary, Latvia, Poland, renovation, Romania, Slovakia

‘Fit for 55’ should prioritise decarbonisation of laggards: buildings, transport, industry, agriculture

July 14, 2021 by Nicolas Berghmans

Today’s long-awaited "Fit for 55" legislative package from the European Commission will trigger intense and difficult negotiations that will last two years, says Nicolas Berghmans at IDDRI. Its scope is wide and inevitably interconnected. The twelve legislative proposals include adjustments to existing measures (renewable energy, energy efficiency, carbon market/EU ETS, energy taxation, climate effort sharing between Member States/ESR, land use … [Read more...]

Filed Under: Energy, Policies Tagged With: agriculture, buildings, CBAM, EC, efficiency, emissions, EU, EUETS, FitFor55, industry, innovation, JustTransition, LULUCF, renewables, taxation, transport

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      Germany’s proposed de facto ban on new fossil boilers from 2024 meets fierce resistance

      Decarbonising Shipping: “book and claim” pilot uses clean fuel tokens that move from cargo through to fuel producers

      Perovskite: abundant, cheap, printable solar cells demonstrated, ready to generate power

      U.S. EPA: new rules proposed for cutting Fossil Fuel-Fired Power Plant emissions

      Financing Renewable Hydrogen globally: ramp up to 2030 only needs $150bn/year

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