To counter the extremely high gas prices caused by the Russia-Ukraine crisis the IEA has proposed turning thermostats down in households to use less gas. The IEA estimated lowering the heating by just 1°C would reduce gas demand by around 10 bn cubic metres a year, or 7% of Europeâs annual imports from Russia. Aurore Julien at the University of East London looks at quantifiable past attempts around the world to get citizens to cut their energy … [Read more...]
Our Hydrogen future: 27 authors imagine the world in 2030-2050
Hereâs something very different for our readers today, and an opportunity for you to register for our Webinar and Q&A on Wednesday Feb 16th at 09:00 CET (register here). Itâs to mark the book launch of âTouching Hydrogen Futureâ, where 27 energy experts from around the world have written a chapter each. They are fictional accounts of what our world could like in the near future. The countries covered are the Netherlands (2029), Denmark … [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 itâs 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...]
Piloting green shipping corridors: Australia-Japan and Asia-Europe
The shipping industry is diverse, disaggregated and part of the logistical chain of 80% of global trade. So reducing its emissions (3% of the global total) will be complex. One way to cut through this complexity is to create a limited number of green shipping corridors between major port hubs, to pilot solutions. This can shrink the challenge of coordination between fuel infrastructure, vessels, firms and national policies down to a manageable … [Read more...]
Behaviour Change: strategies and case studies for reaching net-zero by 2050
Technological solutions on their own are unlikely to deliver emissions reductions at the speed and scale required to reach net zero by 2050. Daniel Crow, Insa Handschuch, Gabriel Saive and Leonie Staas at the IEA look at a suite of policy-driven citizen âbehaviour changesâ that should be used to bridge the gap. The impact will be greatest in advanced economies where energy intensity is highest. Meanwhile, in emerging economies the good habits put … [Read more...]
Bidenâs major report on critical minerals supply: domestic mining + processing, innovation, EVs, global allies + more
In June, The White House issued its 250-page report on the global critical minerals supply chain, and how the U.S. can ensure continued supply as well as build up its own mining and manufacturing base. It is the fullest picture so far of how the U.S. is evaluating mineral access and supply chain resilience, says Reed Blakemore at the Atlantic Council Global Energy Center. Here he reviews the report, in particular the section on energy which … [Read more...]
What patents tell us: which countries, what sectors, are the clean energy innovators?
Todayâs solutions cannot give us a successful transition on their own. Thatâs why the innovations coming down the pipeline are so important. One way to measure what, and who, is innovating is to look at the number of patents being filed for low carbon energy (LCE), explains Sean Fleming writing for the World Economic Forum. He summarises the latest report from the European Patent Office and the IEA, âPatents and the energy transition: Global … [Read more...]
What is your nationâs âdeforestation footprintâ? When imports cut down trees somewhere else
Behaviour change is now inextricably linked to the transition and must be part of the worldâs emissions reduction strategy, and there are many different types of relevant behaviour and ways to measure the impacts. One is to look at deforestation, caused by chopping down trees to meet our consumer needs. To grasp whose behaviour has to change we need to appreciate to what extent deforestation in places like Brazil, Canada, Liberia, Vietnam etc., … [Read more...]
Updated NDCs: World committing to 0.5% emissions cuts by 2030. It should be 45%
The latest national climate pledges, submitted over the new year, show that the world is nowhere near meeting our emissions reductions goals. Analysis of the 48 updated ânationally determined contributionsâ (NDCs) submitted so far (everyone must submit by the end of this year), covering nations responsible for 29% of global emissions, shows we will have 0.5% lower emissions in 2030 compared to 2010. Thatâs way off the target 45% reduction needed. … [Read more...]
EU, U.S. exploring new sources of Rare Earth Minerals, should China limit exports
Reports are emerging that China is considering the restriction of the export of rare earth minerals, as a result of tensions with the U.S. Given China controls around 80% of global supply it would have severe consequences for not just advanced military applications (the presumed primary target) but also clean energy technologies like EVs and wind turbines. However, if the threat is carried out, Lukas TrakimaviÄius explains how this could backfire … [Read more...]
Asiaâs record Gas prices expose the need for faster market reform
After record lows in mid-2020, Asian spot prices for LNG rose tenfold to reach record highs in January 2021. This volatility is an obstacle to the development of the gas infrastructure thatâs essential to the region where demand for gas is growing, explain Jean-Baptiste Dubreuil and Gergely Molnar at the IEA. There were multiple causes for the price spike, including the cold winter, limits to nuclear and coal generation, and outages at regional … [Read more...]
New net-zero pledges from China, US, EU and others can meet our climate goals, says UNEP. ButâŚ
Existing national commitments imply that todayâs emissions will simply plateau, remaining only slightly below 2019 levels by 2030. However, according to the latest UN Environment Programme (UNEP) emissions gap report, the new commitments from China, the EU, Japan, South Korea, the UK, Joe Bidenâs US and others are âbroadly consistentâ with the Paris Agreementâs 1.5C goal for 2050. But commitments arenât policy, warns UNEP, and only real change … [Read more...]
IEAâs âaccelerated caseâ becoming the norm? Global Wind + Solar to overtake Gas and Coal by 2024
The IEAâs 2019 âaccelerated caseâ for renewables is turning into this yearâs âmain caseâ. It predicts that Wind and Solar capacity combined will overtake both Gas and Coal globally by 2024. Josh Gabbatiss at Carbon Brief summarises the IEAâs Renewables 2020 report. Within five years, renewables will constitute 1/3 of all electricity generation, equivalent to the combined demand of China and the EU. Virtually all global growth in electricity … [Read more...]
Battery innovation must drive the 50-fold increase in storage capacity needed by 2040
The IEA has set the storage sector a challenge. It says the world will need 10,000 GW-hours of batteries and other forms of energy storage by 2040, a 50-fold increase on today. The good news is that a joint study by the European Patent Office and the IEA reveals electricity storage patenting activity has grown 14% a year over the past decade. Here the IEA summarises the findings of its comprehensive report. It explains that Japan and Korea lead, … [Read more...]
Energy Charter Treaty: reform will only happen when energy ministers get involved
Negotiations are underway for the reform of the Energy Charter Treaty (ECT), an international trade agreement under fire from former Energy Charter executives, members of the European Parliament, and NGOs. Created at the end of the cold war, it was designed to protect cross-border energy investments â in a fossil fuel world â from political risk. Clare Taylor quotes the critics who say it no longer makes sense for the treaty to protect oil and … [Read more...]
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