The EU needs €350bn/year from private investors to fill the Green Deal’s funding gap. The rules for the new green bonds that companies can issue to raise money are supposed to set a “gold standard”, ensure there’s no greenwashing, and make Europe the best place to invest your money sustainably. Benjamin Wehrmann at CLEW summarises the new strategy that was presented on 6th July, and has gathered reactions. Particular attention is paid to … [Read more...]
NW Europe’s Hydrogen targets: ambition must match reality
The IEA’s report released earlier this year, “Hydrogen in North-Western Europe: A vision towards 2030”, welcomes the fact that the six countries analysed - Belgium, Denmark, France, Germany, the Netherlands, Norway and the UK – have the ambition to build a hydrogen economy. They are Europe’s major hydrogen producers and consumers, have major ports that already service this sector, have natural gas infrastructure that can be repurposed, and access … [Read more...]
Aviation should be given target dates for zero-emissions. It’s working for cars and trucks
The French government’s decision to ban some short-haul flights if there is a rail alternative under two and a half hours is only symbolic, says Andrew Murphy at T&E. It would reduce French aviation emissions by only 0.8%. Expanded to rail journeys under five hours and it’s still only 4.5%. Long-haul flying is the much bigger problem, but the resulting emissions are outside of France’s current climate target. Instead of just talking about … [Read more...]
Germany’s highest court rules climate laws are insufficient, violate rights, unfairly burden future generations
In an unexpected decision widely hailed as historic, Germany's highest court has ruled that the government's climate legislation is insufficient, and lacks detail on emission reduction targets beyond 2030. Sören Amelang, Kerstine Appunn, Charlotte Nijhuis and Julian Wettengel at Clean Energy Wire run through the background and the consequences of the case brought by youth activists and NGOs. Legal experts say the decision “significantly … [Read more...]
The EU needs an independent science-led climate watchdog, a European Climate Change Council
Europe does not have the right institutional set-up for robust independent policy evaluation as the region enters a new, complex and radical stage of its energy and climate transition, argue Lola Vallejo (IDDRI), Alina Averchenkova (GRI), Matthias Duwe (Ecologic Institute) and Lara Lázaro Touza (Real Instituto Elcano). This month 12 expert advisory bodies in 11 EU Member States published a letter to EU policy-makers to launch an EU-level body, a … [Read more...]
Buildings Renovation in Germany: success story or potential failure?
The German Federal Association of Housing and Real Estate Companies (GdW) has claimed that money and effort spent on the nation’s buildings renovations have not worked. But Andreas RĂĽdinger at IDDRI has looked into the evidence and concluded that the opposite is the case. CO2 emissions from the residential sector in 2018 were 37% lower than in 1990. Though final energy consumption was broadly stable, that’s because efficiency gains were offset by … [Read more...]
Coastal town Grande-Synthe took France to court over missed climate targets. How, why and what happens next
Taking your own government to court is an indispensable tool for sticking to our climate goals, says Lucien Chabason at the IDDRI. In November, the French State Council (Conseil d'État) gave an interim judgment largely favourable to the municipality/commune of Grande-Synthe following the government's implicit refusal to take additional measures to comply with the Paris Climate Agreement. Grande-Synthe sits on the coast by Dunkirk and is at … [Read more...]
Renewables shares outperformed fossil fuels over 10 years. Have investors noticed?
Shares in listed renewables firms are outperforming their fossil fuel equivalents, both in terms of returns and volatility. But although investment is rising, they’re still not getting enough to meet our 2050 targets, says the IEA. Why? In this article summarising the first of a series of reports they look at the 5 and 10 year record of the two verticals. In all the three territories analysed – the U.S., the U.K., and Germany/France - renewables … [Read more...]
France’s recovery plan: will support for emissions-high sectors compromise a new Green economy?
The French recovery plan, formally presented today, combines emergency rescue measures, economic stimulus and longer-term investments. A substantial €32bn out of the €100bn budgeted is earmarked for the green economy. But SĂ©bastien Treyer at IDDRI asks whether rescue measures for traditionally emissions-high sectors - tourism, aviation, automotive, buildings, agri-food – will collide with climate targets. He references studies that should be used … [Read more...]
Buildings Efficiency: France must embed deep retrofits into its market
France’s energy efficiency ambitions for buildings are well off target. Buildings account for 28% of the nation’s emissions and they’ve hardly reduced since 1990 – only by 3%. It’s because of the lack of development of the buildings renovation sector, explains Andreas RĂĽdinger at IDDRI. Without it, there’s little chance of renovating 500,000 housing units per year and bringing the entire housing stock up to the "low-energy building" (BBC) … [Read more...]
How to cut Full Life-cycle Buildings Emissions
Most efforts to decarbonise buildings are focused on “operational” emissions. That’s because, once constructed, buildings are responsible for a massive 30% of global final energy use and 28% of carbon emissions. But that focus has meant the “embodied” carbon – from the materials, construction, demolition, and recycling of buildings – has received little attention, explain Meng Wang and Yihan Hao at RMI. That’s despite the numbers still being … [Read more...]
Nuclear fusion: public-private pitch for pilot power plant in U.S.
A working nuclear fusion plant has long been a dream of scientists. The “Sun in a box” would generate abundant low carbon energy with little waste and more safely than traditional existing nuclear (fission) plants. But the scientific, engineering and materials challenges are admittedly enormous. Meanwhile, other electricity generating technologies are getting cheaper, so will we ever need it? Nevertheless, a public-private collaboration in the … [Read more...]
Are national fossil fuel car bans compatible with EU laws, intra-trade, movement?
A growing number of EU nations are announcing laws to phase out the sale of new fossil fuel cars within the next 20 years. But are the proposed bans compatible with EU laws, or even workable given cross border trade and movement rights? If you are Dutch, why not buy your new petrol car in Belgium, then drive it back to the Netherlands? How do you enforce CO2 targets with foreign haulage fleets transiting through your nation? Eoin Bannon at … [Read more...]
200 – 400 Nuclear reactors to be decommissioned by 2040
Denis Iurchak has taken a close look at nuclear decommissioning. Globally, 447 nuclear reactors are in operation as of January 2020. Of those, nearly 70% are older than 30 years (25% are older than 40 years). The IEA says around 200 commercial reactors are to be shut down in the next two decades. On top of that, 182 reactors are already in permanent shutdown. This means that between 200 and 400 reactors are likely to be decommissioned by 2040, … [Read more...]
Nuclear in 2020: a global look ahead at policy, financing, politics, by country
Dan Yurman presents his worldwide review of nuclear’s prospects. 19 nations are covered. He explains while some countries are planning to scale down nuclear, like South Korea and France, some are increasing investment, like China. Others remain stuck over policy, pricing, financing and politics (e.g. Japan, the U.S.). Exporters of plants, led by Russia, are making moves – not always easily - in Eastern Europe and the Middle East. R&D … [Read more...]
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