The EC is proposing a target emissions reduction of 55% by 2030 compared to 1990 levels, instead of the previously agreed 40% (which the EU is on course to surpass). The main tool for achieving it will be the EU Emissions Trading System (ETS). Prices for allowances will rise, making coal increasingly uncompetitive. Sören Amelang, Kerstine Appunn and Julian Wettengel at CLEW talked to a number of experts who say the new target implies a near total … [Read more...]
Anna Zalewska MEP Q and A: “We cannot drop coal from our energy mix in a decade”
Over the past twelve months Energy Post has provided readers with two well-attended panels (Modernisation Fund, Just Transition Fund), sponsored by PGE Poland, focussing on EU mechanisms and policies designed to support countries like Poland (plus other carbon-intensive and/or lower-gdp Member States) with their decarbonisation strategy. Today, Anna Zalewska MEP (ECRG and member of the ENVI committee of the European Parliament) makes use of … [Read more...]
Russia and U.S. are backing next generation Nuclear
Russia’s Rosatom is positioning itself to lead research and testing for Generation IV fast neutron reactors, including high temperature gas-cooled, molten salt, and lead-bismuth designs. Following an update of plans released by Rosatom in June, Dan Yurman fills in the details. It is creating an International Research Centre and has signed up four partnering nations so far – the Czech Republic, Hungary, Poland, and Slovakia. The R&D facility … [Read more...]
Waste Heat Recovery can help replace Poland’s District Heating coal
Three quarters of all district heating in Poland comes from burning coal. So the country is looking for ways to reduce this. It’s why subsidies are provided for combined heat and power (CHP) plants that burn either coal, gas or biomass, which all have lower emissions. But a report by IEEFA authored by Gerard Wynn, Arjun Flora and Paolo Coghe says that waste heat recovery (WHR) – currently unsubsidised – is both emissions free and can be … [Read more...]
Latest data shows lifetime emissions of EVs lower than petrol, diesel
Critics of the rapid roll out of electric vehicles correctly say that their factory door emissions (i.e. CO2 emitted during manufacture) are higher than those for standard petrol and diesel cars. Then you have to add the emissions of the local grid (how renewable is it?!) that’s charging your EV. But the numbers behind those calculations are always changing. Eoin Bannon at Transport and Environment describes the findings of their new tool that … [Read more...]
Poland’s PGE: profits from Renewables can replace declining Coal’s
Poland’s PGE is one of Europe’s most fossil fuel intensive energy firms. Coal makes up around 90% of its electricity generation. It’s been investing around PLN 28bn ($7.2bn, €7bn) to build three new coal power plant units, acquire the Polish coal assets of France’s EDF, and upgrade its existing fleet to meet air quality standards. But a new and detailed report from IEEFA warns that the profitability of these investments will decline in the 2020s … [Read more...]
The EU can support Central and East Europe’s transition
Six Central and East European nations, heavily dependent on coal, have been very cautious about the pace of the EU’s transition. For them - Bulgaria, Czechia, Hungary, Poland, Romania and Slovakia - the political and economic disruption looks far harder to bear. E3G has just released a report that suggests this picture can change. The report’s authors – Felix Heilmann, Rebekka Popp and Ada Ámon – explain that coal is becoming less profitable, … [Read more...]
Nuclear in 2020: a global look ahead at policy, financing, politics, by country
Dan Yurman presents his worldwide review of nuclear’s prospects. 19 nations are covered. He explains while some countries are planning to scale down nuclear, like South Korea and France, some are increasing investment, like China. Others remain stuck over policy, pricing, financing and politics (e.g. Japan, the U.S.). Exporters of plants, led by Russia, are making moves – not always easily - in Eastern Europe and the Middle East. R&D … [Read more...]
How will we pay for the European Green Deal?
The European Green Deal (EGD), announced on December 11th, sets a 2050 target to make the continent become the first to achieve carbon neutrality. It’s a long-term plan – not yet law – to re-design all EU instruments and includes 50 specific policy initiatives. But nobody yet knows how much money is needed, who will pay (or lend) it, and who will get it. So tense discussions will now begin between the likely payers (such as Germany, the … [Read more...]
EU policing of Member State gas plans not consistent
Elisa Giannelli at E3G explains why the European Commission’s assessment of Member States’ natural gas plans is not consistent, on three fronts. Firstly, with its own EU climate targets: many nations are planning to increase their consumption of and investment in gas regardless of EU-wide targets to cut emissions. Secondly, the Commission is critical of some of these nations but actually supportive of others. Thirdly, even the EU’s own policies … [Read more...]
EU ETS Modernisation Fund: putting the wind in the sails of the Transition
Transforming the power system to reach climate neutrality by 2050 will cost approximately €100bn per year according to Eurelectric. In recognition of the different starting points for Member States, the European Commission has introduced the new EU ETS Modernisation Fund (MF) which could be worth as much as €25bn* to the beneficiaries between 2021 and 2030. According to Monika Morawiecka, CEO of PGE Baltica, offshore wind already makes business … [Read more...]
Electricity Capacity Mechanisms face legal challenge in UK, Poland
Recognising that energy markets might not always be able to meet demand on their own, the European Commission allows EU Member States to operate Capacity Mechanisms (CMs). These schemes offer contracts via publicly administered auctions to suppliers who help 'guarantee' there is always spare power for the grid, even as demand and supply fluctuate. But the designs of the CMs are proving contentious, and legal challenges to CMs threaten to shut … [Read more...]
NECPs – Analysis: EU ideals coming up against political realities
The European Union is trying to maintain its leadership on climate change with its Clean Energy for All Europeans package, which aims to make the EU climate neutral by 2050. The mechanism for achieving this target is member states’ National Energy and Climate Plans (NECPs). Mike Scott considers the plans, how Germany is moving towards an "Eastern European" energy policy and how the upcoming elections could dilute EU climate policy overall... … [Read more...]
EU election risk: policymakers should go for real decarbonisation now while efficiency savings can help
With elections in May, the balance of opinion in Parliament is a climate policy risk factor on the minds of many in Brussels. The national draft 10-year energy plans, just in to the Commission, project widespread growth in costlier renewables. But populists who see climate as a globalist rather than nationalist-first agenda may prove hard to bring on side with an expensive and disruptive transition. The public will be influenced by climate … [Read more...]
Wind build-out: convergence of process and permitting rules needed to promote certainty for investors
Two weeks ago, Energy Post reported on permitting and legal barriers to the development of onshore wind capacity in Germany. In this follow-up analysis, Mike Scott identifies similar obstacles in key regions as well as some clear success stories. To complete the picture, he spoke with WindEurope and Vattenvall to get their views on the way forward for the industry and investors across the EU. … [Read more...]
Recent Comments