The US and India have signed a deal to "enhance cooperation" on cutting emissions and investing in low carbon energy sources. The agreement is much weaker than the historic pact signed between the US and China last year. But there are a number of good reasons India is reluctant to take strong action to curb its emissions in the short term. Mat Hope of the Carbon Brief describes India's huge energy and climate challenge. … [Read more...]
IEA: “Nuclear power critical to meet climate goals”
Nuclear power is “a critical element in limiting greenhouse gas emissions”, says the International Energy Agency (IEA) in a report released on 29 January (co-authored with the Nuclear Energy Agency). According to the report, 72 new reactors are under construction, the highest number in 25 years. … [Read more...]
Want to avoid oil’s gloom? Turn to the sun, says Outsider Nick Hodge
While some celebrated shale oil as a "boom," Nick Hodge, founder and director of investment community the Outsider Club, derided it as a "Ponzi scheme." Today the shale sector quivers before the specter of falling oil prices, and the oil majors that have invested heavily in shale may be humbled. In this interview with The Energy Report, syndicated by Energy Post, Hodge argues that nuclear energy is about to reassert itself, and that solar power … [Read more...]
UK capacity market: success for new gas, old coal
A new government policy designed to ensure the UK's future energy supply appears to have successfully incentivised companies to build over two gigawatts of new gas power, to sit alongside nine gigawatts of coal and biomass power. It should ensure the UK will have at least 48.6 gigawatts of fossil fuel power stations available in 2018. … [Read more...]
The EU readies to overhaul its energy governance
The reach and power of the EU and its institutions are up for serious debate as Europe prepares to enter into an “Energy Union”. The European Commission plans to publish its vision for such a Union by the end of February. But already member states and Members of the European Parliament are weighing in with their own ideas of what Europe should prioritise – and who should be in charge. Sonja van Renssen reports from Brussels. … [Read more...]
2015: an energy year in which everything gets connected?
It is often said that there are major trade-offs between energy security, equity and sustainability. But what if this is a misconception? Energy Post editor Karel Beckman argues that by creating a new sustainable energy system we can at the same time advance energy security and reduce energy poverty. … [Read more...]
EU issues work plan for 2015 – with pared down priorities
The number one priority for Team Juncker is a €315-billion investment plan for Europe. Second, is “better regulation”. First Vice-President Frans Timmermans presented the European Commission’s 2015 work programme to MEPs in Strasbourg on 16 December. Energy Post looks at the new initiatives, scrapped initiatives and those that hang in the balance for energy and climate policy. … [Read more...]
Ukraine’s coal power plants need a planned phase out, not CCS
There are discussions in Ukraine about equipping coal-fired power plants with carbon capture and storage (CCS) to make them conform to EU climate rules. But according to Oleg Savitsky, climate and energy campaigner at the National Ecological Center of Ukraine, this is not a good idea. Ukraine has a vast overcapacity of obsolete coal power plants that should be closed down, not kept alive. That would also help the country get rid of the massive … [Read more...]
EXCLUSIVE – new Vattenfall CEO Magnus Hall: “What is true for Eon, is pretty much true for us”
Vattenfall’s CEO Magnus Hall likens the selling of its lignite operations in Germany to Eon’s recent split in two. “The problem we needed to solve was the CO2 issue,” says Hall in an exclusive interview with Energy Post. The new chief of the Swedish state-owned company has abandoned the idea of splitting up the company geographically. Its future lies in sustainability, says Hall, e.g. in offshore wind. He notes the European market is distorted by … [Read more...]
To cut carbon emissions and keep the lights on, it has got to be nuclear power
Crunch time is here: energy security and affordability concerns are colliding with the need to reduce CO2 emissions, writes Malcolm Grimston of Imperial College London. That's why the UK government is right to want to get new nuclear power plants built, argues Grimston. (See the previous article, by Peter Strachan and Alex Russell of Robert Gordon University. for a different viewpoint.) … [Read more...]
UK nuclear policy takes another step in the wrong direction
In its annual National Infrastructure Plan, published on 2 December, the UK government announced it has signed a cooperation agreement with Toshiba, GDF Suez and NuGen toward the financing of a new 3.4 GW nuclear power plant at Moorside. This is one of three new nuclear megaprojects being planned in the UK, next to Hinkley Point C (3.3GW) and Wylfa Newydd (3GW). The UK plans to spend ÂŁ45 billion on these projects until 2021 and hopes to raise … [Read more...]
Russian-built new nuclear reactor gets go-ahead in Finland
The Finnish Parliament has today on 5 December voted 115 to 74 in favour of Fennovoima’s supplement to the Decision-in-Principle regarding the construction of a new nuclear power plant in Pyhäjoki, Finland. In a press release, the Finnish Parliament states: “The Finnish Government, the Commerce Committee of the Parliament and now the plenary session felt that in accordance with the Nuclear Energy Act, Fennovoima's project remains in the overall … [Read more...]
IEA: coal, nuclear, shale should be part of EU energy mix, Energy Union should not be buyers’ cartel
The European Union “has made progress in liberalising energy markets, and its global leadership on climate change is to be commended”, the International Energy Agency (IEA) said today as it released its review of EU energy policies. But the IEA also had criticisms to make. … [Read more...]
Five take-home messages from the IEA’s World Energy Outlook 2014
Current events risk distracting governments “from recognising and tackling the longer-term signs of stress that are emerging in the energy system” says the International Energy Agency (IEA) in its latest World Energy Outlook (WEO) 2014 unveiled on 12 November in London. Just like a year ago, it warns that long-term oil supplies are far from secure, with the Middle East re-establishing itself as the main supplier in the long-term. Moreover, while … [Read more...]
Europe’s nuclear future may hinge on UK’s Hinkley deal
The fate of future nuclear power projects in Europe could hinge on whether government-backed guarantees for Britain’s Hinkley Point C power station survive an expected challenge from Austria in Europe’s highest court. Analysts agree that large nuclear undertakings have become too costly and risky for private investors alone. For this reason many EU countries are backing the UK’s support for nuclear power. Timothy Spence reports from Vienna. … [Read more...]
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