January 2020 marked the first time the Canadian government has targeted methane emissions from the oil and gas sector. Theyâve committed to reduce oil and gas methane emissions by 40% to 45% below 2012 levels by 2025. Reducing methane emissions is considered one of the most cost-effective ways to cut global emissions. Methane equates to around 5.4% of the countryâs total emissions of 716 Mt CO2-eq. The IEA estimates global methane emissions from … [Read more...]
Even cycling Coal is losing money. Only âsummerâ coal makes sense in Texas, Louisiana
Joseph Daniel at the Union of Concerned Scientists says a detailed look at the U.S. data shows the days of coal plants being the baseload kings are numbered. The declining costs of wind, solar and gas are making coal look expensive. Whatâs more, increasing energy efficiency is flattening peak demand (and therefore prices), squeezing those periods when coal could rely on finding customers. That means coal plant owners that say they deserve support … [Read more...]
60 years on, OPEC should take control again, cut supply, raise prices to fund its Transition
OPEC is often seen as no friend of the Transition. But Greg Muttitt points out that, although it did take an anti-climate stance in the 1990s, by the 2000s it had stepped back from climate negotiations, while some OPEC members became supporters. Muttitt says that, celebrating its 60th anniversary, itâs time for OPEC to remember its roots and organise its members to take control of their own destiny in the face of the inevitable rise of clean … [Read more...]
Defining green investments, ending greenwash: the EUâs new Taxonomy Regulation
When the EU Commissionâs new Taxonomy Regulation is approved, expected in March, it will provide the legal framework to define what is a truly âgreenâ investment. As Luca Bonaccorsi at Transport & Environment explains, right now asset managers and national authorities are free to define what is green, allowing some to greenwash investments in things like oil and pesticides. The Taxonomy's purpose is to reduce ambiguity and therefore increase … [Read more...]
The EU can support Central and East Europeâs transition
Six Central and East European nations, heavily dependent on coal, have been very cautious about the pace of the EUâs transition. For them - Bulgaria, Czechia, Hungary, Poland, Romania and Slovakia - the political and economic disruption looks far harder to bear. E3G has just released a report that suggests this picture can change. The reportâs authors â Felix Heilmann, Rebekka Popp and Ada Ămon â explain that coal is becoming less profitable, … [Read more...]
No Energiewende without Wärmewende: making Germanyâs Heating emissions climate neutral (…nearly)
In Germany, space and water heating in buildings accounts for almost a third of total final energy consumption. Because over 90% of its 22m buildings are fuelled by oil and gas, that makes the sector emissions very intensive. The governmentâs ambition is to have a "nearly climate neutral building stock" by 2050. But although those emissions have fallen by 44% since 1990, progress has largely stagnated since 2011. Freja Eriksen at Clean Energy … [Read more...]
Carbon Tax: âlaboratoryâ Europe shows U.S. it has no effect on aggregate jobs, growth
The issue of carbon taxes is under debate in the U.S. Congress. The fear is a new tax will destroy jobs and hinder growth. Will it? Meredith Fowlie at the Energy Institute at Haas says the U.S. should see Europe as a very useful carbon tax laboratory experiment: half the countries have some sort of tax, the other half donât. Sheâs pulled together evidence to answer the simple question: does a carbon tax affect aggregate employment and growth. Her … [Read more...]
U.S. EIA predicts Renewables will surpass Coal by 2021
Renewable electricity generation in the U.S. has risen so fast in the last 10 years that itâs expected to surpass coal by 2021, according to the latest report from the nationâs Energy Information Administration (EIA). This would have been âunthinkableâ in 2010, says Dennis Wamsted at IEEFA. Back then, nationwide, utility-scale solar generated 1.29bn kWh and wind 94.6bn kWh. By 2021 solar will have risen almost a hundredfold to 122bn kWh and wind … [Read more...]
Oil & Gasâs future: diversify into clean electricity, new fuels, says IEA
The oil and gas industry is not doing nearly enough to meet Transition targets, says the IEA. Only 1% is invested in non-core activities. That needs to rise to 15% within 10 years. The IEAâs article summarises their comprehensive report âThe Oil and Gas Industry in Energy Transitionsâ, released this month. It explains how the industryâs existing skills and âdeep pocketsâ make them ideally placed to invest in low-carbon fuels (Hydrogen, … [Read more...]
âClimate leaderâ UK: why did low-carbon electricity generation stall in 2019?
In 2019, just 1TWh of low-carbon electricity (wind, solar, nuclear, hydro, biomass) was added in the UK. Thatâs after a decade of adding an average of 9TWh/year. Why? The UK needs to know, given an extra 15TWh/year is required until 2030 to meet emissions goals on top of the planned electrification of transport and heating. Carbon Briefâs Simon Evans runs through their thorough analysis. Wind power alone rose by 8TWh in 2019, but was offset by … [Read more...]
The Six Energy Paradoxes that slow the sectorâs progress
Gerard Reid at Alexa Capital takes a high level look at what he sees as six systemic problems faced throughout the energy sector. They can be found at every level, across all technologies and markets. He calls them the Six Energy Paradoxes. All of them are acting as a serious drag on progress, Transition or not. Take the Market Efficiency Paradox. Utilities should adjust their prices to meet changes in energy supply and demand. Higher supply or … [Read more...]
Gas infrastructure leaks methane: fix it, or accelerate to clean energy
Natural gas, because itâs low-carbon, is being used as a bridge fuel away from the old fossil fuel world. But there are two main problems. The infrastructure leaks methane (the main component of the gas) which is 25 times more potent than CO2 over a 100-year period (and 86 times over a 20-year period!). And, crucially, nobody is properly measuring those leaks. That means policy makers are growing the gas mix without knowing by how much itâs … [Read more...]
Hydrogenâs future: reducing costs, finding markets
Although 100Mt/year of hydrogen is produced globally and at scale, itâs overwhelmingly for the chemical industry. So thereâs a long way to go for it to play a role in the energy transition. Itâs not even clear whether hydrogen will be best used directly as a power source or through further conversion into other powerfuels. That's why Dolf Gielen and Emanuele Taibi at IRENA are scoping out the challenges of reducing production costs and finding … [Read more...]
Fossil fuel politics is changing: Big Oil, automakers split on Trump lowering standards
Cara Daggett at Virginia Tech has noticed a positive change in corporate support for the Transition. In the past, Big Oil and automakers would have opposed any limits to business-as-usual. But today, major oil companies, including BP and Royal Dutch Shell, are opposing U.S. President Trumpâs intention to further deregulate methane emissions. Thatâs because theyâve invested heavily in natural gas as a bridge fuel for a clean future, which would … [Read more...]
An independent Global Energy Forecast to 2050 v the IEAâs WEO 2019
Schalk Cloete has completed his own 5-part independent Global Energy Forecast to 2050 to compare with this yearâs IEA World Energy Outlook, published mid-November. Underpinning all his predictions is his bet that the world will adopt tech-neutral policies (i.e. not backing any one technology over another, like a very high carbon tax) in 2030: in his opinion it will be the best way to accelerate the transition to meet the Paris goals as the 1.5°C … [Read more...]
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