IRENA has modelled energy subsidies to 2030 and 2050 for their pathway to meet the Paris targets. Here, Michael Taylor summarises their findings. Firstly, they estimate today’s global direct energy sector subsidies to be $634bn/year (2017 figures). The vast majority, $447bn, went to fossil fuels. (By the way, he points out that none of these figures include the externality costs - pollution, healthcare, environment - which equate to trillions and … [Read more...]
Green Ammonia can replace fossil fuel storage at scale
What’s the best way to store energy, from industry scale to electric vehicles, replacing the widespread use of fossil fuels? Pure hydrogen is an energy dense alternative, but the gas takes up a lot of space. Liquid ammonia doesn’t, yet it contains the hydrogen and therefore the energy. Ian Wilkinson at Siemens explains the advantages of using ammonia, NH3. Already the world produces 180m tonnes a year, worth €80bn. It’s mainly for agricultural … [Read more...]
Biogas and Biomethane’s untapped potential across the world
The IEA’s World Energy Outlooks have no doubt that electrification alone cannot meet our climate goals. That’s why natural gas continues to play a major role. But biogas and biomethane have the potential to replace 20% of that gas, says the IEA’s special report “Outlook for biogas and biomethane: Prospects for organic growth”. At present only a fraction of that is being utilised. Here the IEA summarises their comprehensive report. Costs are the … [Read more...]
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