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$400bn in global fossil fuel consumption subsidies, twice that for renewables

June 20, 2019 by Wataru Matsumura and Zakia Adam

At over $400bn in 2018, global fossil fuel consumption subsidies are more than double those for renewables. That makes sense while governments worldwide use energy subsidies to help poor consumers, and clean energy still makes up a smaller proportion of the global energy mix. But it makes the transition harder: cheaper fossil energy means more is consumed, and it’ll take longer for clean energy to compete it away. The IEA’s WEO Energy Analysts … [Read more...]

Filed Under: Energy, Oil, Gas & Coal Tagged With: coal, electricity, fossil-fuels, gas, oil, pricing, renewables, subsidies

World Bank fossil fuel funding still exceeds renewables

April 23, 2019 by Sasha Chavkin

The World Bank is being criticised for still lending far more money to fossil fuels projects than renewables. Energy equals development, but this goes against their commitment to supporting clean energy in the developing world. The World Bank has disputed the magnitude of the difference. Their record needs to be made clear before COP25 in Santiago, Chile this December when the World Bank and other development banks must present their plans for … [Read more...]

Filed Under: Climate policy, Energy, Investment Tagged With: fossil-fuels, Mozambique, Nigeria, Paris2050, World Bank

“Responsible” ESG investments hit $20tn, a quarter of the world’s professionally managed total

April 9, 2019 by Todd Zeranski

ESG (Environmental, Social and Governance) factors measure the sustainability and ethical impact of an investment. ESG includes the energy sector, and the amounts spent show it’s no longer just an ethical choice, says The Rocky Mountain Institute’s Todd Zeranski. It doesn’t just save the planet, it saves our pensions. Why? From regulatory penalties to the cost of climate clean-up, fossil fuel investments are getting too risky and expensive. Those … [Read more...]

Filed Under: Energy, Investment Tagged With: coal, ConEdison, ESG, fossil-fuels, investment, renewables, transition, Xcel Energy

1.5°C: IEA’s scenarios will fail, need urgent review says letter from experts, business leaders

April 8, 2019 by Hannah McKinnon

The letter’s signatories – experts, business leaders, politicians and more - call on the IEA to make the 1.5°C target the central scenario in its highly influential annual World Energy Outlook. At present, its “New Policies Scenario” puts us on track for between 2.7°C and 3.3°C. That's a problem, because too many energy decision-makers cite it as an acceptable guide, making it a self-fulfilling prophecy. Even the “Sustainable Development … [Read more...]

Filed Under: Climate policy, Energy Tagged With: business, carbon, fossil-fuels, ghg, IEA, Paris2050, policies, WEO

We need to trace the real fossil fuel users, not just the “end consumers”

April 2, 2019 by Simon Pirani

Climate-consciousness is rising among ordinary citizens. But most fossil fuels are consumed by large technological systems (electricity networks, urban transport systems, built environments, industrial and agricultural systems), not by individuals. Simon Pirani says we need to trace that consumption to its true source, and thereby put the pressure directly on them to transition. It’s not simple: even the IEA admits it loses track of who is … [Read more...]

Filed Under: Energy, Oil, Gas & Coal Tagged With: corporate, fossil-fuels, IEA, networks, transition, transport

What’s next for the geopolitics of energy transformation?

March 25, 2019 by Jan Frederik Braun and Daniel Scholten

January’s IRENA report “A New World” has kick-started the debate on how the accelerating deployment of renewables will affect and alter the global distribution of political and economic power. Jan Frederik Braun and Daniel Scholten review its findings and build on the list of issues that must be faced. For example, although the IRENA report focuses on electrification the authors say power-to-gas is likely to play a major role, and we must face up … [Read more...]

Filed Under: Climate policy, Energy, Platform Tagged With: electricity, fossil-fuels, materials, policies, Politics, power-to-gas, regulation, renewables, transition

“Energy Charter Treaty review should end protection for fossil fuels”

March 20, 2019 by Sarah Keay-Bright and Steivan Defilla

In her previous article Sarah Keay-Bright said the outdated Energy Charter Treaty protects old world fossil fuel investments over the wide range of new green investments now being made. The treaty is being reviewed by its signatories this year. In a concluding article, she and Steivan Defilla warn that the terms of reference for the ECT review don’t even mention the need to align the treaty with the Paris Agreement. They say the revised ECT must … [Read more...]

Filed Under: Climate policy, Energy Tagged With: financing, fossil-fuels, IEA, investment, Paris2050, UNCTAD

Renewable hydrogen “already cost competitive”, says new research

March 15, 2019 by Jocelyn Timperley

Jocelyn Timperley at Carbon Brief has interviewed the lead author, and the critics, of this new report titled “Economics of converting renewable power to hydrogen”. The research says renewable hydrogen is already proving competitive for niche, high-intensity users in Germany and Texas. Future technological improvements, combined with expected changes to subsidies and CCS requirements, can make it so for large-scale industrial users in the next 10 … [Read more...]

Filed Under: Energy, Hydrogen, Renewables Tagged With: CCS, emissions, fossil-fuels, Germany, hydrogen, renewables, Texas, wind

“Outdated Energy Charter Treaty leaves new economy investments unprotected”

March 6, 2019 by Sarah Keay-Bright

This year the Energy Charter Treaty (ECT) is being reviewed by its signatories. It’s the most invoked international investment agreement in the world, and it needs either to be reformed or abandoned, says Sarah Keay-Bright. Created at the end of the cold war, it was designed to protect international energy investments – in a fossil fuel world - from political risk. Today, its wording and mechanisms are failing to protect investors that are vital … [Read more...]

Filed Under: Climate policy, Energy Tagged With: demand-side management, Energy Charter Secretariat, energy efficiency, fossil-fuels, ISDS, Paris2050, UNCTAD

GGFI: “Avoid carbon bubble, choose financial centre wisely”

March 4, 2019 by Mike Wardle and Michael Mainelli

We already have indexes that pick green stocks, and rank nations by their policies. The Global Green Finance Index (GGFI) ranks the world’s financial centres – London, New York, Singapore, Shanghai, etc. – by the policies and support they give to green investments. Old ways of valuing assets, particularly in fossil fuel companies, are being questioned say Mike Wardle and Michael Mainelli of the think tank Z/Yen, one of the creators of the index. … [Read more...]

Filed Under: Energy, Markets Tagged With: carbon, finance, fossil-fuels, GGFI, green finance, investment, transition

Analysis: BP’s outlook for fossil fuels could be undermined by slowing energy demand

February 18, 2019 by Simon Evans

BP’s latest projections, released last week, once again concede that their previous reports have been overestimating fossil fuel consumption and underestimating renewables. Yet BP still predicts total energy demand will grow indefinitely thanks to overall global growth, and fossil fuels will always be needed. But Simon Evans at Carbon Brief shows how these projections contrast starkly with McKinsey’s, who find that the efficiency of renewables … [Read more...]

Filed Under: Energy, Oil, Gas & Coal Tagged With: BP, Equinor, fossil-fuels, IEA, McKinsey, Paris2050, renewables, Shell

Report maps out the new geopolitical power dynamics created by renewables

January 15, 2019 by IRENA

A new report by the Global Commission on the Geopolitics of Energy Transformation says the new energy age will profoundly reshape relations between states and regions. It will bring “A New World” of power, security, energy independence and prosperity. It will also reshape the geopolitical map, just as fossil-fuels have done over the last 200 years. No nation will be unaffected. … [Read more...]

Filed Under: Climate policy, Energy, Oil, Gas & Coal, Renewables Tagged With: Africa, Americas, Asia, Energy, Europe, fossil-fuels, geopolitics, ghg, IRENA, minerals, renewable, solar, transition, wind

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  • 10 Carbon Capture methods compared: costs, scalability, permanence, cleanness by Ella Adlen | posted on November 11, 2019
  • U.S. IRA: what can Europe do to stop its firms relocating to America? by Charles Wessner | posted on March 17, 2023
  • Germany: does the LNG infrastructure build-up deliver energy security or go too far? by Julian Wettengel | posted on March 13, 2023
  • Blending Hydrogen into the gas network: the challenges of pipeline fractures, faster flow rate + more by NREL | posted on March 10, 2023
  • Fulfilling U.S. wind and solar ambitions will use under 1% of its land (that’s less than the fossil fuel footprint) by Steve Clemmer | posted on March 16, 2023
  • What is the future of Woody Biomass in the EU energy mix? by Simon Göss | posted on March 21, 2023
  • Analysis: U.S. IRA subsidies put two-thirds of Europe’s battery production pipeline at risk by Transport & Environment | posted on March 9, 2023
  • What’s best for Hydrogen transport: ammonia, liquid hydrogen, LOHC or pipelines? by Herib Blanco | posted on May 5, 2022
  • Micro-nuclear reactors: up to 20MW, portable, safer by Christina Nunez | posted on April 22, 2021
  • Buildings “Energy Performance Certificates”: piloting new tools to ramp up renovations by Patricia Contreras Tejada | posted on March 20, 2023
  • EU Energy Outlook to 2060: how will power prices and revenues develop for wind, solar, gas, hydrogen + more by Alex Schmitt | posted on December 6, 2022
  • Understanding the new EU ETS (Part 2): Buildings, Road Transport, Fuels. And how the revenues will be spent by Simon Göss | posted on February 6, 2023
  • Hydrogen’s innovation pipeline: signals strong ahead of World Hydrogen Summit in Rotterdam, May 9-11, 2023 by Ian Shine | posted on March 21, 2023
  • The 10 big problems with simply replacing fossil cars with electric by Schalk Cloete | posted on December 6, 2021
  • “Combustion” can make cathodes for lithium-ion batteries more cheaply, quicker, using less energy by Nancy Stauffer | posted on March 15, 2023
  • Germany is developing a strategy for Carbon Capture and Storage to meet its 2045 net zero target by Simon Göss | posted on February 23, 2023
  • Gravity Batteries: any nation can do it at scale using rocks by Simon Read | posted on July 27, 2022
  • Can Aluminium-air batteries outperform Li-ion for EVs? by Helena Uhde | posted on September 8, 2021
  • Electricity Market Design: how can reforms accelerate the transition and help cut energy prices? by Simon Göss | posted on February 13, 2023

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      Recent Posts

      What is the future of Woody Biomass in the EU energy mix?

      Silicon Valley Bank failed. Don’t blame the Climate Tech it backed

      Hydrogen’s innovation pipeline: signals strong ahead of World Hydrogen Summit in Rotterdam, May 9-11, 2023

      Buildings “Energy Performance Certificates”: piloting new tools to ramp up renovations

      U.S. IRA: what can Europe do to stop its firms relocating to America?

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