With adversity comes opportunity. The global gas crunch has hurt countries around the world but has also made them appreciate their common concerns. That has provoked policy-makers to take a serious look at current and future energy security policies. In the EU the competitive gas markets, enabled by short-term spot markets, has reminded us of the value of long-term contracts when prices are volatile and rising. Meanwhile, Chinaâs … [Read more...]
Energy Post Quiz 2021: ANSWERS
Hope you all had fun with the Energy Post Quiz, published before the Christmas break. Here are the answers. There are ten questions, both entertaining and insightful. The answers could all be found in articles that appeared here during 2021, and we give you the links to them. During 2021 Energy Post had another strong year in terms of number of debates hosted, event attendance, and readership for our articles: our readership grew by … [Read more...]
Energy Post Quiz 2021
Energy Post has had another strong year in terms of number of debates hosted, readership growth and event attendance. Our readership has grown by 17.16% year on year. We hosted 14 panel discussions (including 3 for ECECP with an average of 20 panellists from all corners of the globe). Together we've reached hundreds of thousands with our event packages. Our thanks to all our authors. Now, with all those parties cancelled due to Covid you have … [Read more...]
Using captured Methane to make all the worldâs fishmeal: a profitable revenue stream?
If the cost of capturing methane (or CO2, or anything) can be folded into the cost of making something that can be sold at a profit, methane capture will take off. Rob Jordan at the Stanford Woods Institute for the Environment explains how research there shows captured methane can be turned into fishmeal at the same price as commercial fishmeal. In some cases it can be done much more cheaply. Commercial fishmeal, used to feed farmed fish, is … [Read more...]
How to incentivise âdifferentiatedâ low-methane-emissions Gas
Cutting methane emissions from gas production is a major part of the worldâs strategy to limit temperature rises. The IEA says we need a 77% drop in methane emissions by 2030. The question is how to target and enact globally the required incentives and regulations that favour âdifferentiatedâ low-methane-emissions gas. Regulating international trade sounds like a great starting point, as an importer like the EU can twist the arm of anyone who … [Read more...]
Fulfilling the Global Methane Pledge: âpolluter paysâ, more electrification, less gas
At COP26 the U.S. and the EU led a global pledge to slash methane emission by 30% by 2030. Methane makes up at least one-quarter of all greenhouse gases, and is more than 80 times more damaging than CO2 over a 20-year period. Success in cutting these emissions would be a major step towards meeting our 1.5°C goals. But far from declining, 2020 saw methane emissions grow at the fastest rate in 40 years. The increased use of natural gas (mostly made … [Read more...]
IEA WEO 2021 message to COP26: 40% of clean energy goals will cut costs
The IEAâs latest World Energy Outlook was published on Wednesday. This yearâs WEO-2021 is released earlier than usual to inform COP26 and, for the first time, is available for free to ensure the widest possible audience. Simon Evans at Carbon Brief offers his summary of the 386-page report, quoting relevant numbers and charts. He first points to the new scenario, Net-Zero Emissions by 2050 (NZE), as the IEAâs recognition that this is what … [Read more...]
Methane Removal: an overlooked climate solution that could cut temperatures by 1°C?
If you think CO2 removal isnât getting enough attention, methane removal is getting virtually none. There are attempts to reduce methane emissions directly from fossil fuel production. But Rob Jordan at the Stanford Woods Institute for the Environment describes studies and models that conclude we should be looking at large and wide scale reduction and capture of methane. A 40% reduction in global methane emissions by 2050 could reduce peak … [Read more...]
EUâs Carbon Border Adjustment Mechanism lacks the detail to drive industry’s relocation near clean energy
High emissions industries should be relocated to where the cheap clean energy is. So long as the shipping costs (in terms of price and emissions) arenât prohibitively high, those locations can be anywhere in the world. To get the calculations right, Carbon Border Adjustment Mechanisms (accounting for the emissions of imported goods) must be harmonised internationally. They must also â crucially â count all relevant emissions. But the EUâs draft … [Read more...]
Five practical steps Oil & Gas can take to accelerate their energy transition
The Oil & Gas sector has a role to play in the energy transition, and not just by winding down operations. Thatâs because they will, by most projections, continue to be a major part of the energy mix through to 2050. But their activities must transition too, explain Bart Valkhof, Pedro Gabriel Gomez Pensado and Wan Sayuti at the World Economic Forum. The sector must therefore work out which strategies and investments can produce the lowest … [Read more...]
How the global âcarbon budgetâ is calculated, and predictions improved
What is the worldâs remaining âcarbon budgetâ? Or, how much more CO2 can the Earth take before we know weâll miss our 1.5oC (and 2oC) goals for 2050. Making those calculations is not easy and IPCC benchmark estimates inevitably include levels of uncertainty in the final answer. Kasia Tokarska at the ETH Zurich Institute and Damon Matthews at Concordia University summarise their research that narrows down that uncertainty, making life a little … [Read more...]
The top Clean Energy developments of 2020
The world is still a long way off the pathway to meeting our emissions goals. But 2020 saw a number of major steps in the right direction. Laurie Stone at RMI presents a list of what has been achieved and which trends and new policy commitments are pointing us towards a much needed faster transition. They include coalâs decline, wind and solarâs growing competitiveness (even compared to gas), the promise of green hydrogen, bans on gas/petrol … [Read more...]
Satellite monitoring of Methane leaks makes policing them more effective
Satellites, drones, and airplanes should be used to detect methane leaks across the million active wells and hundreds of thousands of miles of pipelines across the U.S. Thatâs because without proper monitoring itâs extremely hard to find leaks, let alone regulate them. Meredith Fowlie at UC Berkeleyâs Energy Institute at Haas describes their paper that uses such data to, first, show that 2.3% of upstream natural gas production is leaking. Thatâs … [Read more...]
Five key metrics investors need to steer Oil and Gas firms into decarbonisation
If the oil and gas industry wonât commit to meaningful strategies and milestones to decarbonise, investors must make them, say Ben Ratner at the Environmental Defense Fund and Erin Blanton at Columbia University. Already, Covid has shown how vulnerable the sector is to unexpected change. If the sector refuses to factor in rising decarbonisation ambitions and policies across the globe that vulnerability will continue for decades. At the same time, … [Read more...]
Imported U.S. LNG: whatâs its true climate footprint?
Importing LNG from the U.S., to replace coal, makes sense for Europe only if the total emissions including those throughout the chain of production are lower than the alternatives. Julian Wettengel at CLEW looks at reports that say the total methane emissions from the worldâs largest oil and gas field â the Permian Basin in West Texas â are particularly high and may push it over that threshold. Flaring, venting and leakage are the main cause. … [Read more...]
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