Prices on the European gas market have fallen sharply since August 2022 and Europeâs gas storage facilities are almost full. Thatâs good news, but the problems arenât over. Simon Göss at cr.hub, writing for Energy Brainpool, explains why by looking at the data. He runs through the main factors driving the changes, primarily strong LNG imports, Norwayâs increased production, mild weather, and lower gas consumption (particularly in industry). … [Read more...]
Energy Security: what if the UK government had not âcut the green crapâ from 2013
The UK provides an example of a government that cut back its green ambitions only to see its energy security suffer. In 2013, then-prime minister David Cameron told his ministers to âcut the green crapâ. That led successive governments to downgrade home energy efficiency, requirements for new homes to be âzero carbonâ, end subsidies for onshore wind and solar, and effectively ban onshore wind in England. What if the UK had stayed on its … [Read more...]
Hydrogen imports: strict rules can deliver a win-win for Europe and developing nations
### Todayâs article flags up a fascinating panel discussion on the book âTouching Hydrogen Futureâ, as part of the European Hydrogen Week taking place from 24-28 October 2022. This webinar, on Oct 28 at 10:00 CEST, will be blue-sky thinking about the future of the hydrogen economy. Global in scope, it will dive into how a hydrogen-powered future might look in the Netherlands, Greece, Ukraine and Morocco. REGISTER HERE ### The EU is moving … [Read more...]
EU Solar has avoided 20bcm of gas imports and saved âŹ29bn
Solar generation in the EU has avoided the import of 20bcm of gas that would have cost âŹ29bn, explains PaweĆ CzyĆŒak at Ember, writing for Carbon Brief. The new solar power added since 2021 alone avoided âŹ6bn of gas imports. Record EU solar generation increased by 28% in the summer of 2022, compared with the same period a year earlier. And itâs growing very quickly, with a consistent 15% year-on-year increases in installed solar capacity â from … [Read more...]
Fossil fuel producers can decarbonise by exporting Electricity, Hydrogen, and Steel
The compelling reason why fossil fuel producers will be needed even beyond 2050 is that they currently provide over 80% of global energy, and 90% of the worldâs population still needs the wealth creation that energy delivers, says Schalk Cloete. Given that, he summarises his co-authored paper that takes a close look at how a fossil exporter, Norway, can trade with an importer, Germany, while decarbonising. The modelling focusses on electricity … [Read more...]
As spot market electricity prices break all records, what is the prediction for winter?
Spot market prices for electricity have been breaking all records, as European leaders and their ministers intensify their discussions on how to deal with the crisis. Simon Göss at cr.hub, writing for Energy Brainpool, starts by explaining how the markets work, noting that price rises are indeed being driven by fossil prices and not CO2 certificates. Göss looks at how prices have climbed in Germany, France, the Baltics and Spain, and how the … [Read more...]
Donât cap gas prices for consumers. It wonât reduce demand. Instead, subsidies must reward cuts in gas use
European nations are considering capping the price of gas that consumers pay, a subsidy that governments will pay for, to ensure households donât freeze this winter. Daniel Gros at CEPS warns that this strategy will remove the incentive for consumers to cut their gas use, keeping international market prices high. Instead, governments should incentivise a reduction in gas use. Gros has modelled two strategies. The first is to pay households for … [Read more...]
100% green shipping would add less than 10 cents to the cost of Nike trainers from China
Upcoming EU policies intended to cut shipping emissions would add just a few cents to the cost of goods all the way from China, says an analysis by T&E. Extending carbon pricing to shipping and mandating small amounts of green e-fuel use by 2030 will mean a pair of trainers would cost just âŹ0.003 more, a television âŹ0.03 and a refrigerator up to âŹ0.27 more. Itâs because final costs are not very sensitive to fuel costs. The more startling … [Read more...]
If Russia cuts its gas supplies to Germany, what happens next?
Replacing Russian pipeline gas to Europe in the short term is much more difficult than finding alternative sources for coal and oil. Itâs why the EU hasnât banned Russian gas. But what if Russia cuts off the supply? Benjamin Wehrmann at Clean Energy Wire looks at what the consequences and options are for Germany. Though Germany aims to wean itself off Russian supplies almost entirely by 2024, a sudden cut would have serious consequences. Storage … [Read more...]
China tariffs: Bidenâs plan to unblock domestic Solar manufacturing
The U.S. solar industry has been caught up in the wider tariff disputes with China, a key exporter of solar panels and components. The Solar Energy Industries Association estimates hundreds of projects have been cancelled or delayed, totalling more than 50GW (thatâs over twice the total US solar installations of 2021), putting 100,000 jobs at risk (almost half the solar workforce). John Rogers at UCS explains what the Biden administration is … [Read more...]
EUâs latest sanctions on Russian Oil: what are they and will it work?
On June 3, the EU agreed an embargo on Russian crude oil and petroleum products. Ben Cahill at the Center for Strategic and International Studies looks at the details of the latest sanctions imposed in response to Russia's ongoing invasion of Ukraine, and assesses the possible consequences. The aim is to cut oil imports from Russia by 90 percent by February 2023. A critical part of the sanctions is a ban on providing shipping insurance to Russian … [Read more...]
Seven ways for the U.S. and Europe to enhance energy security and advance climate goals
Ending reliance on Russian fossil exports will need the U.S. and Europe to work together, explain Joseph Majkut, Nikos Tsafos and Ben Cahill at the Center for Strategic and International Studies. The U.S. is the worldâs largest oil and gas producer and is able to increase output. At the same time, it must meet global emissions targets. The way to do it is to increase fossil exports temporarily whilst improving its carbon reduction measures (e.g. … [Read more...]
Europe must simultaneously replace Russiaâs fossil exports and accelerate its clean energy deployment
The Ukraine crisis has had an immediate impact on Europeâs strategy for energy supply security. And this weekâs sudden halting of gas supplies by Russia to Poland and Bulgaria only emphasises the urgency. Dolf Gielen, Ricardo Gorini, Luis Janeiro and SeĂĄn Collins at IRENA look at the best options, basing their findings on their latest âWorld Energy Transitions Outlookâ, published in March, that lays out a routemap for the next eight years for … [Read more...]
How could Germany wind down Russian oil imports by the end of 2022
Berlin has said that, though difficult, it could become independent of Russian oil imports by the end of 2022, with a target of halving them by the middle of the year. Kerstine Appunn at Clean Energy Wire compiles information on the practical challenges for Germanyâs oil infrastructure, refineries and security of supply. Germany is serviced by three pipeline systems for the west, the east and the south of the country. But they are not connected … [Read more...]
Europeâs long-term energy security: do not become dependent on âgreenâ Russiaâs future LNG and Hydrogen exports
Itâs not enough for Europe to cut Russian energy imports without a plan to make the change endure, says Leslie Palti-Guzman writing for the Atlantic Council Global Energy Center. Boycotts and divestments usually have expiry dates. Whatâs more, Russia will be proactive in driving its export capabilities to make them commercially attractive in the post-war world. Russia plans expanding LNG shipments from its Yamal Peninsular, as well as getting … [Read more...]
