We need to shift investment from fossil fuels to other climate-friendly energy sources, but it must be done more intelligently than we’re doing it today, says Schalk Cloete. The rapid global economic development needed to uplift the 86% of the world’s population currently living below $1,000/month is inextricably linked to the continued and timely growth in an abundant supply of affordable energy. It would be unjust – and probably futile – to … [Read more...]
Bringing home Europe’s sustainability supply chain: The continent’s lithium deposits can transform European manufacturing and get Europe to its climate goals
Europe’s tech sector has a concerning aversion. While the continent has produced many successful cleantech startups, European investors are reluctant to invest in difficult, hardware-based innovations—and the extraction industry that could power them. But it is just these innovations and the raw materials that make them possible, specifically in the sectors of transportation and energy storage, that will foster a successful energy transition and … [Read more...]
Russia-Ukraine: Support for U.S. Oil & Gas producers must tie them to low-emissions investments
Like many countries, the U.S. is set to raise oil and gas production to compensate for cuts in Russian imports consequent to the war in Ukraine. The danger is that short-term solutions to sky rocketing fossil fuel prices will take precedence over climate targets. But Ben Cahill at CSIS explains how this is an opportunity for the Biden administration to give support to fossil energy producers with one hand and extract solid commitments on … [Read more...]
Energy Charter Treaty: four ways to amend it and enable green investments
The European Green Deal (EGD) aims to mobilise at least €1 trillion in sustainable investments over the next decade. But the Energy Charter Treaty (ECT) in its current form - designed to protect cross-border investments, enabling those whose energy projects have been shut down to sue nations – is causing fierce debate. The ECT protects all investment alike, but the result has been fossil (and nuclear) investors suing nations that have curtailed … [Read more...]
The Green Hydrogen disruption: what nations, firms and investors are doing to reshape global energy
Everyone knows the new hydrogen economy has huge up front capital costs to make the green H2 (called GH2), the logistical challenges of delivering it where it’s needed, and creating the customer base to consume it. But Tim Buckley at IEEFA believes the policy support is already shaping up to make GH2 a successful disruptor of the global energy system. He runs through the nations, companies and investors at the beginning of the learning curve that … [Read more...]
Replacing centralised power with Distributed Energy Systems needs new policies and coordination
We need integrated resilient smart grids that can accommodate the rapid growth of intermittent renewables as well as the rise of “prosumers” who both buy and sell electricity into the grid. This is the focus of three online discussion sessions on February 8th, 9th and 10th organised and hosted by power management company Eaton. The proliferation of multiple generation sources (solar, wind, batteries and other clean, flexible technologies) means … [Read more...]
U.S. shale production is rising. But by how much more, and how fast?
The dramatic increase in gas and electricity prices worldwide has raised concerns about energy security. It why U.S. shale production is rising. But by how much more, and how fast? Ben Cahill at CSIS looks at lessons learned over the last ten years by the sector to understand the drivers. Previously, shale firms grew so fast that many investors lost a lot of money. Then, the 2020 oil shock imposed discipline and firms preserved cash, but that … [Read more...]
Imagine it’s 2030 and net-zero is on track. How did we do it?
Imagine it’s 2030. The energy transition is on track and net-zero goals are entrenched across the global economy. How did we get there? Tim Buckley at IEEFA imagines it for us and sends us a postcard from the future. Writing in the past tense, he flags actual events and policies happening today to “remember” the major changes that took place to achieve it. Weather-related disasters compelled governments to act, recognising – apart from the … [Read more...]
Will this be the decade of Carbon Capture or another false start?
Ten years ago there was a major drive to get carbon capture off the ground. But only 30% of the earmarked $8.5bn worldwide was ever spent. Spending timescales were too short, deadlines were missed, projects were too focussed and too complex, and long-term liability was poorly understood and managed. This time it can be different, says Samantha McCulloch at the IEA who compares that faltering history with the plans now being put in place. New … [Read more...]
The 10 big problems with simply replacing fossil cars with electric
The planned rapid transition to electric vehicles has major challenges. Schalk Cloete compiles them into a list of ten, including: preserving our car-centric cities preserves its inefficiencies and societal costs; it works against much of the personal “behaviour change” we need; though BEVs (battery electric vehicles) are better in cities, when infrastructure costs are included they are less efficient than hybrids and modern ICEs for many driving … [Read more...]
Renewed interest in Carbon Capture strategies for net-zero: targets, obstacles, costs, priorities
Martina Lyons at IRENA picks out the highlights of their new report “Reaching Zero with Renewables: Capturing Carbon”. Carbon capture is going to be expensive, so should be focussed on hard-to-abate industrial sectors, as well as bioenergy plants. Lyons breaks down the target carbon capture volumes, costs and the investments required, as well as looking at the consequences of different strategies and carbon prices. Scaling up this technology, … [Read more...]
Climate Finance: the loopholes that are causing greenwashing
How do you know when an investment is truly “green”? Whether companies and fund managers monitor themselves or are externally policed, the correct rules need to be identified. And then it gets harder. Clearly defining and then measuring carbon footprints is a bigger challenge, explains Meredith Fowlie at UC Berkeley’s Energy Institute at Haas. She draws parallels with food nutrition labelling rules. But whereas counting the calories in a food … [Read more...]
Coal phase-out by 21 nations only accounts for 3.2% of global power. What about the others?
The 21 nations committed to coal phase-out only account for 3.2% of global electricity generation. Three - Belgium, Austria and Sweden – have already done so. The rest hope to by different dates, ranging to 2040. Asia is where the main problem is, and their transition challenges are well known: growing economies, and energy security. Carlos Fernández Alvarez at the IEA spells out their recommendations, and references case studies in Canada, the … [Read more...]
Aviation, Steel, Shipping CEOs ask COP26 to back their decarbonisation pathways
The seven “hardest to abate” industries together account for 30% of global greenhouse gas emissions. They are aviation, steel, shipping, cement, aluminium, trucking and chemicals. John Matson at RMI explains how a growing number of sector-leading corporates in aviation, steel and shipping are now openly backing net-zero pathways. He quotes CEOs and top executives (ArcelorMittal, United Airlines, Trafigura) on what they say they are determined to … [Read more...]
Can full-scale Distributed Solar really save $473bn in grid investments?
A giant model of the entire US electricity sector which captures distributed energy resource (DER) potential has been getting a lot of attention. It estimates that distributed solar and storage can save $473bn in system-wide costs when deployed at scale (enough to power more than 25% of US homes). Rooftop solar is definitely much more expensive than grid generation, but its location (on your own roof) avoids a range of costly transmission and … [Read more...]
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