Energy Post

Daily reports on the European and Global energy transition

  • Newsletter
  • Search Categories
    • Renewables
    • Policy
    • Oil, Gas & Coal
    • Hydrogen
    • Outlooks
    • Grids
    • Nuclear
    • Markets
    • Transport
    • Videos
  • 24-linkedin 24-twitterfacebook Follow-Us

Europe is updating its price cap sanctions on Russian oil. How to make them work?

November 21, 2023 by Brian O’Toole, Olga Khakova, Tomasz Wlostowski and Charles Lichfield

The EC has put forward proposals for tightening the implementation of a price cap on Russian oil exports. Brian O’Toole, Olga Khakova and Charles Lichfield at the Atlantic Council and Tomasz Wlostowski at EU Strategies review the performance of the price cap sanctions one year on from their implementation, and give recommendations for how to make them work better. Though most observers agree that the cap has limited export income for Russia this … [Read more...]

Filed Under: Energy, Oil, Gas & Coal Tagged With: cap, EU, Europe, India, insurance, oil, price, Russia, shipping, tankers, turkey, Ukraine, US

Cost vs Resilience: Europe’s sourcing strategy will shape the regional Hydrogen economy

November 15, 2023 by Jonas Lotze, Massimo Moser, Janina Erb, Roman Flatau, Felix Greven and Max Labmayr

The upcoming EU Hydrogen Bank pilot auction and trilogue discussions are focussing minds on the future of hydrogen. Jonas Lotze and Massimo Moser at TransnetBW and Janina Erb, Roman Flatau, Felix Greven and Max Labmayr at d-fine present the results of their modelling of two hydrogen sourcing scenarios: "Global Market" (GM) where the import of hydrogen into Europe is unrestricted, and "Energy Resilient Europe" (ERE) where almost all hydrogen is … [Read more...]

Filed Under: Energy, Hydrogen Tagged With: aviation, costs, Denmark, EU, Europe, flexibility, France, gas, Germany, Greece, hydrogen, imports, industry, Italy, Netherlands, oil, Poland, renewables, resilience, ship-ping, sourcing, spain, steel, storage, syntheticfuel, Transmission, transport, UK

China’s Belt and Road Initiative is now building more Renewables, less Coal

November 10, 2023 by Tom Baxter

Energy has always made up the majority of investments and construction deals signed through China’s Belt and Road Initiative (BRI). Until very recently these investments were dominated by fossil fuel projects. But in the first half of this year, over 40% of BRI energy projects announced were wind and solar, with 22% each for gas and oil, and zero for coal projects. The reasons include China’s stated commitment to clean energy, avoiding the risk … [Read more...]

Filed Under: Energy, Renewables Tagged With: China, coal, debt, financing, gas, Indonesia, infrastructure, investment, Kenya, oil, Pakistan, renewables, solar, turkey, Vietnam, wind

Fossil producer UAE to host COP28: what are Gulf states doing to decarbonise?

October 20, 2023 by Robin Mills

COP28 in November is being hosted by the United Arab Emirates (UAE), a major oil and gas producer. The COP President will be Sultan Al Jaber, the CEO of ADNOC, one of the world’s biggest oil companies. It’s attracted heavy criticism from many quarters. Robin Mills at the Center on Global Energy Policy reviews the contradictions inherent in a leading fossil producing nation hosting the world’s most important decarbonisation forum. The Gulf states … [Read more...]

Filed Under: Energy, Policies Tagged With: ADNOC, CCS, CCUS, CDR, COP28, decarbonisation, emissions, gas, LNG, oil, renewables, UAE

Oil & Gas business is fatally flawed: Russia-Ukraine only delayed the relentless decline in prices

September 21, 2023 by Clark Williams-Derry

The oil and gas producers have made windfalls off the back of Russia’s invasion of Ukraine and the consequent spikes in prices. But the return of prices to normal levels is re-emphasising the flaw in their business model, explains Clark Williams-Derry at IEEFA. The cost of producing the fossil fuels can only go up: the low hanging fruit was picked long ago, and finding and extracting new deposits gets more and more expensive. So do labour costs. … [Read more...]

Filed Under: Energy, Oil, Gas & Coal Tagged With: BP, Chevron, ExxonMobil, gas, oil, prices, Russia, Shell, TotalEnergies, Ukraine

Germany to ramp up the decarbonisation of Buildings Heating from Jan 1st 2024. How?

July 11, 2023 by Sebastian Ligewie

Decarbonising heating is a major challenge for any country. Germany’s Building Energy Act (GEG) means that from 2024 every newly installed heating system, in new or existing buildings, must operate with a minimum of 65% renewable energy. Concerns over the costs to customers (installing new and expensive systems, or paying a penalty for fossil heating) has led to intense debates, hence the new law includes a range of subsidies, bonuses, discounted … [Read more...]

Filed Under: Buildings, Energy Tagged With: buildings, costs, decarbonisation, district, exemptions, gas, GEG, Germany, heating, municipal, oil, renewables, residential, subsidies

Carbon Capture rates of 60% sound impressive. But rising carbon prices could still make you commercially unviable

July 4, 2023 by Chris Bataille

Mainstream scenarios state the unavoidable need for continued use of fossils through to 2050. For the world to stay within its carbon budget, that means the unavoidable need for carbon capture and plugging “fugitive” leaks. Chris Bataille at the Center on Global Energy Policy flags up the danger that new CCS projects with seemingly impressive capture rates of up to 60% may nevertheless become commercially unviable as carbon prices rise: that … [Read more...]

Filed Under: Carbon Capture, Energy Tagged With: abatement, CCS, CCUS, CDR, cement, chemicals, CO2, coal, emissions, Exxon, fertilisers, gas, hydrogen, IEA, investment, IPCC, iron, leaks, methane, Nucor, oil, Paris2050, steel

Russia’s oil export revenue rebounded in March–April. Why aren’t the EU, U.S. and partners enforcing the price cap?

June 30, 2023 by CREA

The Price Cap Coalition (PCC) - composed of Australia, Canada, the EU, Japan, the UK, and the U.S. – are failing to either enforce or lower the cap on Russian oil exports as promised, says a report summarised here from the Centre for Research in Energy and Clean Air (CREA). Had it done so, Russian revenues could have been slashed by €22bn (37%) since December by lowering the price cap for crude oil to $30/barrel and revising the caps for oil … [Read more...]

Filed Under: Energy, Oil, Gas & Coal Tagged With: australia, Canada, EU, Japan, monitoring, oil, PriceCapCoalition, prices, Russia, sanctions, tankers, UK, Ukraine, US

Nearly half of national climate pledges (NDCs) intend to keep extracting fossil fuels

June 22, 2023 by Natalie Jones

“Nationally Determined Contributions” (NDCs) are a nation’s published plans to reduce emissions and adapt to the impacts of climate change. Natalie Jones at the IISD, writing for Carbon Brief, summarises her co-authored study that reviews the fossil fuel production element of those NDCs. Nations are obliged to update their NDCs every five years, to give more detail. That added detail is a cause for concern in the latest round of NDCs: there is an … [Read more...]

Filed Under: Community, Oil, Gas & Coal Tagged With: coal, diversification, emissions, fossilfuels, gas, NDCs, oil, Paris2050, production, transition

Germany’s proposed de facto ban on new fossil boilers from 2024 meets fierce resistance

June 2, 2023 by Sören Amelang

Like many nations, Germany is struggling to find a way to replace fossil fuel-powered boilers in millions of homes and buildings with heat pumps and other cleaner alternatives. Heating accounts for a whopping 15% of the country’s emissions. As Sören Amelang at CLEW explains, the up-front cost of a new clean heater can be double that of existing mass-produced fossil equivalent, so home owners are resistant. In 2022, two thirds of all new heating … [Read more...]

Filed Under: Energy, HVAC Tagged With: boilers, buildings, costs, emissions, fossil, gas, Germany, Habeck, heating, homeowners, HVAC, landlords, oil, Parliament, Scholz, subsidies, tenants

Oil & Gas can meet 2030 net-zero target for only $600bn, quickly recouped. But it’s still not happening, warns IEA

May 22, 2023 by IEA

The IEA summarises its 33-page report “Emissions from Oil and Gas Operations in Net Zero Transitions”. The IEA says the oil and gas sector needs £600bn up front to meet its 2030 target of a 60% reduction in emissions. That’s only 15% of the sector’s record 2022 energy-crisis windfall income. A small price increase and savings should recoup that money “quickly”, says the IEA. The IEA not only maps a way to limit the global average temperature rise … [Read more...]

Filed Under: Energy, Oil, Gas & Coal Tagged With: CCUS, CDR, electrification, emissions, flaring, gas, hydrogen, IEA, intensity, methane, NZE, offsets, oil, scenarios

Global “explosive” growth means 1 in 3 new cars will be electric by 2030. But SUV emissions could wipe out those gains

May 19, 2023 by Josh Gabbatiss

More than a third of all new vehicles sold globally in 2030 will be electric, according to the IEA. That’s a doubling of its prediction made only two years ago. Josh Gabbatiss at Carbon Brief summarises the report. The IEA describes the growth as “explosive”: from just 1% of global car sales in 2017, to 14% last year, and now 18% expected by the end of 2023. China has consistently dominated those sales while new policies in the U.S. and EU are … [Read more...]

Filed Under: Energy, Transport and energy Tagged With: automobile, car, China, diesel, electrification, EU, EVs, IEA, India, oil, petrol, SUVs, transport, US, vehicle

Falling oil prices are defying the forecasters. Expect to be surprised for the rest of the year

May 8, 2023 by Carole Nakhle

The worst expectations for oil prices never materialised, thank goodness. In mid-March a year ago Brent reached $114 and WTI $103 a barrel. By the same time this year it was $72 and $66 respectively. That’s despite no end in sight for the Russia-Ukraine war, the trigger to the 2022 price escalation and global crisis. Carole Nakhle at the University of Surrey explains how today’s forecasts are similarly uncertain. She points at conflicting … [Read more...]

Filed Under: Energy, Oil, Gas & Coal Tagged With: Brent, China, Citibank, GoldmanSachs, IEA, IMF, inflation, oil, Opec, prices, Russia, Ukraine, WorldBank, WTI

The U.S. is moving faster than the EU on Methane regulations. Why?

April 27, 2023 by Ben Cahill

Ben Cahill at the Center for Strategic and International Studies takes a deep dive into U.S. and EU progress on regulating methane emissions. It’s vitally important because methane has more than 80 times the warming potential of CO2 in its first 20 years in the atmosphere. In his assessment, Cahill explains why the U.S. is likely to move much faster than the EU. Unlike the U.S., the EU is a big importer of gas so needs its rules complied with by … [Read more...]

Filed Under: Energy, Oil, Gas & Coal Tagged With: EU, flaring, gas, imports, IRA, LDAR, legislation, methane, monitoring, MRV, oil, regulations, reporting, US, venting

Credit Rating Agencies: a guide to pricing in long-term climate risks

April 20, 2023 by Hazel James Ilango

Nobody wants share, stock and bond prices to fall off a cliff unexpectedly. But while Credit Rating Agencies (CRAs) continue to evaluate based on short-term policy changes and market forces without specifically accounting for climate risks, that’s what could happen. IEEFA have published their guides to how CRAs can adapt – without throwing out – their existing models to integrate environmental, social and governance (ESG) credit risks. Hazel … [Read more...]

Filed Under: Energy, Investment Tagged With: Climate, coal, CRAs, credit, ESG, Fitch, gas, Moodys, oil, prices, rating, risks, SandP, utilities

  • 1
  • 2
  • 3
  • …
  • 31
  • Next Page »

Most read this week

  • EU Energy Outlook to 2060: power prices and revenues predicted for wind, solar, gas, hydrogen + more by Huangluolun Zhou | posted on December 4, 2023
  • Poland’s Coal-to-Nuclear plans move forward with U.S. partners by Matt Bowen | posted on December 5, 2023
  • Sodium-ion batteries ready for commercialisation: for grids, homes, even compact EVs by Carlos Ruiz | posted on September 11, 2023
  • 10 Carbon Capture methods compared: costs, scalability, permanence, cleanness by Ella Adlen | posted on November 11, 2019
  • Nearly 2,000 Hydrogen projects worldwide: IEA’s interactive tools give snapshot on progress, costs by IEA | posted on December 8, 2023
  • What does cutting-edge Smart Metering look like as Grids become increasingly complex? by Gridspertise | posted on November 23, 2023
  • Making solid fuel from captured CO2 (with a 96% conversion rate) by David Chandler | posted on December 6, 2023
  • Micro-nuclear reactors: up to 20MW, portable, safer by Christina Nunez | posted on April 22, 2021
  • Another chapter in Offshore Wind’s stop-go story: New York by Joseph Webster | posted on December 7, 2023
  • Improved “Solar Thermochemical” process captures 40% of the sun’s heat to produce Green Hydrogen by Jennifer Chu | posted on November 29, 2023
  • Understanding the new EU ETS (Part 2): Buildings, Road Transport, Fuels. And how the revenues will be spent by Simon Göss | posted on February 6, 2023
  • Farming Algae for Carbon Capture: new research cuts “fouling.” Scale-up in 3 years? by David Chandler | posted on June 21, 2023
  • Gravity Batteries: any nation can do it at scale using rocks by Simon Read | posted on July 27, 2022
  • What’s best for Hydrogen transport: ammonia, liquid hydrogen, LOHC or pipelines? by Herib Blanco | posted on May 5, 2022
  • Can Aluminium-air batteries outperform Li-ion for EVs? by Helena Uhde | posted on September 8, 2021
  • CBAM is now active. A guide to what companies must do to comply by Simon Göss | posted on October 27, 2023
  • Italy: 71 GWh of additional Grid Storage required by 2030 says Terna by Sara Stefanini | posted on November 28, 2023
  • Investing billions in new cross-border Electricity Transmission capacity can cover its costs within a few years by George Dimopoulos | posted on November 27, 2023
  • 5 charts show the rapid fall in costs of renewable energy by Douglas Broom | posted on November 16, 2020
  • How to manage price risk as the EU shifts from Russian Gas to Renewables by Kong Chyong | posted on December 1, 2023

Information

  • Advertise
  • Privacy Policy including Cookies
  • Terms and conditions for posting content
  • Comment Policy

More Information

  • About us
  • Authors
  • Contact Us

Most read in last 24 hours

  • Recent Posts
  • Recent Comments
  • Most Commented
  • Most Viewed
  • Tags
  • Nearly 2,000 Hydrogen projects worldwide: IEA’s interactive tools give snapshot on progress, costs
  • Another chapter in Offshore Wind’s stop-go story: New York
  • Making solid fuel from captured CO2 (with a 96% conversion rate)
  • Poland’s Coal-to-Nuclear plans move forward with U.S. partners
  • EU Energy Outlook to 2060: power prices and revenues predicted for wind, solar, gas, hydrogen + more
        • carbon bubble
        • CCS
        • China
        • climate change
        • coal
        • coal power
        • diversification
        • electric cars
        • electricity
        • electricity market
        • emissions
        • energy2030
        • energy efficiency
        • energy security
        • energy storage
        • energy transition
        • EU
        • EU energy policy
        • EU ETS
        • European gas market
        • EVs
        • financing
        • gas
        • geopolitics
        • grid
        • grids
        • hydrogen
        • infrastructure
        • investment
        • natural gas
        • nuclear energy
        • oil
        • renewables
        • Russia
        • smart grids
        • solar
        • solar power
        • storage
        • sustainable mobility
        • transport
        • unconventionals
        • US
        • US energy policy
        • wind
        • wind power

        Recent Posts

        What does cutting-edge Smart Metering look like as Grids become increasingly complex?

        Nearly 2,000 Hydrogen projects worldwide: IEA’s interactive tools give snapshot on progress, costs

        Another chapter in Offshore Wind’s stop-go story: New York

        Making solid fuel from captured CO2 (with a 96% conversion rate)

        Poland’s Coal-to-Nuclear plans move forward with U.S. partners

        EU Energy Outlook to 2060: power prices and revenues predicted for wind, solar, gas, hydrogen + more

        Copyright © 2023 Energy Post. All Rights Reserved