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 Sébastien 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 Rüdinger 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...]
Electro-mobility planning, pricing, smart-charging: “Pentalateral Region” can lead Europe
At the end of October, Ministers and Director-Generals of Energy and Mobility from the Pentalateral Region (Belgium, the Netherlands, Luxembourg, France and Germany), CEOs and experts came together to understand how electro-mobility can accelerate the energy transition. Reducing vehicle emissions is one thing, but a vast number of “batteries on wheels” can also enable rapid grid expansion. IRENA were one of the experts, and their analysis says … [Read more...]
France and Britain race for carbon neutrality by 2050
Inspired by the UK’s independent Committee on Climate Change (CCC) and the progress it has enabled in that nation’s acceleration to net-zero, France set up its equivalent Haut Conseil pour le Climat. Its first report is launched tomorrow (June 25th). The CCC certainly has made a difference, as this month the UK enshrined in law its goal of net-zero by 2050. The French parliament is in discussions to do the same. Céline Guivarch and Corinne Le … [Read more...]
More nuclear means more waste disposal: the options, science, engineering
Public concern about nuclear power goes beyond an accident at a live plant. What do we do with the nuclear waste? If nuclear is to grow to become a major replacement for oil and gas the question must be answered. James Conca reviews the different methods that have been seriously considered: shooting it into space, burying it in deep sea trenches or under ice sheets, transmutation, or simply digging it even deeper underground. … [Read more...]
EU election risk: policymakers should go for real decarbonisation now while efficiency savings can help
With elections in May, the balance of opinion in Parliament is a climate policy risk factor on the minds of many in Brussels. The national draft 10-year energy plans, just in to the Commission, project widespread growth in costlier renewables. But populists who see climate as a globalist rather than nationalist-first agenda may prove hard to bring on side with an expensive and disruptive transition. The public will be influenced by climate … [Read more...]
Wind build-out: convergence of process and permitting rules needed to promote certainty for investors
Two weeks ago, Energy Post reported on permitting and legal barriers to the development of onshore wind capacity in Germany. In this follow-up analysis, Mike Scott identifies similar obstacles in key regions as well as some clear success stories. To complete the picture, he spoke with WindEurope and Vattenvall to get their views on the way forward for the industry and investors across the EU. … [Read more...]
Will France spoil its nuclear future for short-term political gain?
President Emmanuel Macron of France is walking a tightrope. He wants to “Make Our Planet Great Again” and imposed a fuel-tax hike. But protests against the tax that spiralled into a debate about the cost of living have left him struggling with his energy policy, and what to do with the nation’s ageing nuclear reactor fleet. Dan Yurman separates the nuclear promises from the reality. … [Read more...]
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