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$78tn net gain for compensated global Coal phase-out, when social benefits are added

September 23, 2022 by Tobias Adrian, Patrick Bolton and Alissa Kleinnijenhuis

Is replacing coal with renewables too expensive? No, it’s the opposite, explain Tobias Adrian at the International Monetary Fund, Patrick Bolton at Imperial College London and Alissa Kleinnijenhuis at the Oxford Martin School who summarise their paper. When the social benefits are added, the net gain globally is around $78tn under a conservative estimate. That’s equal to 1.2% of current world GDP every year until 2100 – these are real economic … [Read more...]

Filed Under: Energy, Oil, Gas & Coal Tagged With: Africa, America, Asia, CarbonPrice, coal, compensation, Europe, finance, investment, LatinAmerica, private, public, renewables

Record Renewables additions for 2021 and 2022 despite supply bottlenecks prove Solar & Wind’s resilience

May 13, 2022 by IEA

Despite – or perhaps because of – global market and political turmoil, renewable power is set to break another record in 2022. That’s after 2021 also saw record new capacity from solar, wind and other renewables worldwide. It’s mainly driven by solar PV in China and Europe as governments around the world take advantage of renewables’ energy security and climate benefits, according to the IEA’s latest Renewable Energy Market Update. 295GW of new … [Read more...]

Filed Under: Energy, Renewables Tagged With: biofuels, China, distributed, EU, Europe, hydro, IEA, India, LatinAmerica, policies, renewables, Russia, security, solar, US, wind

Eradicate global poverty, meet climate goals, by avoiding rich-world energy consumption patterns

September 10, 2021 by Jarmo Kikstra and Narasimha Rao

There is concern that eradicating poverty in the global south means their growing wealth and energy consumption will make our climate targets too hard to meet. Here, Jarmo Kikstra and Narasimha Rao, writing for Carbon Brief, explain that the energy needed to eradicate poverty is compatible with climate goals, provided that policymakers focus on delivering decent living standards, and not copying the affluence and habits of rich countries. Most … [Read more...]

Filed Under: Energy, Policies Tagged With: Africa, Asia, forecasts, GDP, growth, HDI, healthcare, housing, IPCC, LatinAmerica, nutrition, poverty, scenarios, transport

Most read this week

  • Biofuel is approaching a feedstock crunch. How bad? And what must be done? by IEA | posted on January 23, 2023
  • EU ETS and CBAM: what the big update to emissions trading rules means for Europe’s key sectors by Simon Göss | posted on January 16, 2023
  • Can Aluminium-air batteries outperform Li-ion for EVs? by Helena Uhde | posted on September 8, 2021
  • Gravity Batteries: any nation can do it at scale using rocks by Simon Read | posted on July 27, 2022
  • 10 Carbon Capture methods compared: costs, scalability, permanence, cleanness by Ella Adlen | posted on November 11, 2019
  • Micro-nuclear reactors: up to 20MW, portable, safer by Christina Nunez | posted on April 22, 2021
  • EU Energy Outlook to 2060: how will power prices and revenues develop for wind, solar, gas, hydrogen + more by Alex Schmitt | posted on December 6, 2022
  • Europe needs a Regional Green Bank to fulfil its Green Deal and match the U.S. by Esmeralda Colombo | posted on January 20, 2023
  • Concrete: 8% of global emissions and rising. Which innovations can achieve net zero by 2050? by Ben Skinner | posted on January 24, 2023
  • Hydrogen production in 2050: how much water will 74EJ need? by Herib Blanco | posted on July 22, 2021
  • How to sell Heat Pumps to the public in Europe by Helena Uhde | posted on January 19, 2023
  • Twenty-first century energy wars: how oil and gas are fuelling global conflicts by Michael T. Klare | posted on July 15, 2014
  • What’s stopping even bigger Wind Turbines? Blade speed and flexing? More likely manufacturing and installation capacity by Simon Hogg | posted on January 18, 2023
  • Making Hydrogen will consume 2% of total global renewable capacity growth by 2027 by IEA | posted on January 17, 2023
  • What’s best for Hydrogen transport: ammonia, liquid hydrogen, LOHC or pipelines? by Herib Blanco | posted on May 5, 2022
  • EU energy ministers unable to agree on biofuels policy by Karel Beckman | posted on December 15, 2013
  • Why hydrogen fuel cell cars are not competitive — from a hydrogen fuel cell expert by Zachary Shahan | posted on June 17, 2016
  • Make Hydrogen in developing nations: share prosperity while meeting our climate goals by Dolf Gielen | posted on January 26, 2023
  • Smart Glasses: experts can monitor and advise on power plant inspections anywhere in the world by Christoph Gatzen | posted on January 25, 2023
  • The 10 big problems with simply replacing fossil cars with electric by Schalk Cloete | posted on December 6, 2021

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Recent Posts

Utah: 140MW Geothermal bid can beat the cost and performance of the proposed Nuclear SMR

Make Hydrogen in developing nations: share prosperity while meeting our climate goals

Smart Glasses: experts can monitor and advise on power plant inspections anywhere in the world

Concrete: 8% of global emissions and rising. Which innovations can achieve net zero by 2050?

Biofuel is approaching a feedstock crunch. How bad? And what must be done?

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