The release of the World Energy Outlook (WEO) 2018 marks another missed opportunity for the International Energy Agency (IEA) to provide a roadmap to Paris, writes Greg Muttitt of NGO Oil Change International. According to Muttitt, even the WEO’s “sustainable development scenario” falls well short of the Paris goals. Policymakers and investors cannot rely on the WEO to guide their decisions in energy. … [Read more...]
Study says no way to decarbonise the gas sector by 2050
Gas industry advocates argue that expansion of gas infrastructure is justified because it will be possible to switch to low-carbon gases such as hydrogen and biomethane in future. But research by the International Council on Clean Transportation (ICCT) predicts that biomethane production will remain modest, even with massive subsidies. … [Read more...]
US shale has a glaring problem
With oil prices high and production booming, 2018 was supposed to be a year of profits for US shale oil and gas companies. A report from the Institute for Energy Economics and Financial Analysis (IEEFA) and the Sightline Institute shows that hasn’t happened. As 3Q 2018 results start coming in, investors around the world should be considering if there is a fundamental problem with the fracking business model, says Nick Cunningham of Oilprice.com. … [Read more...]
How can gas contribute to the achievement of EU climate targets
What role is there for gas in the European energy system over the next decades? Some believe the EU must give priority to coal-to-gas switching. Others see no role for natural gas at all in the long run and argue that EU policy must promote only “renewable” gas. An Energy Post panel debate in Brussels, sponsored by Nord Stream 2, saw conflicting views sound off against each other. Meanwhile, a new “Gas for Climate” initiative proposes a 10% … [Read more...]
Gas revolution? Prospects for increasing gas production in Ukraine
Ukraine wants to be self-sufficient in gas by 2020, which means increasing production by 35%. A plan is in place, reforms have been made, investments have increased and an international auction for 50 mining concessions is scheduled for 2019. But, says Wojciech Konończuk of the Centre for Eastern Studies (OSW), the country will only be able to fully exploit its large gas reserves if there are more reforms, corruption is reduced and foreign money … [Read more...]
Why decarbonising gas might be harder than you think
Decarbonising the European energy system by 2050 will require a fundamental shift for the way the gas industry operates, away from business-as-usual in network planning and market design. Achieving net-zero greenhouse gas emissions in Europe, in line with the Paris Agreement on Climate Change, leaves no room for fossil gas consumption where CO2 is not captured and stored. But turning the gas industry into a zero-carbon industry is no simple task. … [Read more...]
UK offers green assurances for no-deal Brexit
The UK government says its environment and energy rules will remain in step with the EU’s even if it makes a hard, no-deal exit next year. Time, however, is running short, writes Sara Stefanini. Courtesy Climate Home News. … [Read more...]
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