France and Germany combined account for 45% of EU GDP and 40% of energy consumption. No wonder they are the most influential EU members. But the Russia-induced energy crisis has forced both Paris and Berlin to expose and admit the differences in their national energy strategies, and that has made a search for a unified voice for Europeâs ambitious climate targets much harder to achieve, explain Camille Lafrance and Benjamin Wehrmann at CLEW. … [Read more...]
Europe: preventing a âcarbon wallâ between the West and the ten Central and Eastern EU nations
Diana-Paula Gherasim at the IFRI Centre for Energy & Climate summarises her 36-page data-rich report on the progress and challenges for the ten Central and Eastern EU (CEECs) countries in decarbonisation. The Russian invasion of Ukraine has focussed all minds on energy security and the best solutions: less fossils, efficiency gains and clean energy made in the EU. Gherasim says that vitally important progress is being made in avoiding a … [Read more...]
Climate scepticsâ denying of the science is declining. Opposing the policies is the new tactic
In the media, the good news is that those opposed to acting on climate change â sometimes called climate deniers or climate sceptics â are not challenging the science nearly as much as they used to. The bad news is that they are now using âresponse scepticismâ. This means obstructing policies with arguments like âit costs too muchâ, âwhat about Chinaâs emissions?â, âstopping flying is too extreme, do something elseâ, âinfringement on civil … [Read more...]
Renewables âcost of capitalâ in Europe lower than oil, gas, coal. What the U.S. and China can learn
The ultimate price of anything is highly dependent on the cost of capital needed to put it in place. That cost reflects the risks financial markets perceive. And policy certainty reduces risk. Gireesh Shrimali, Christian Wilson and Xiaoyan Zhou at Oxford University, writing for WEF, summarise their global study which shows the cost of capital for different energy technologies, and therefore which ones will trend upwards and dominate. They cover … [Read more...]
What does the âglobal carbon budgetâ mean? Have we got 9 years left?
Piers Forster and Debbie Rosen at the University of Leeds and Robin Lamboll and Joeri Rogelj at Imperial College London, writing for Carbon Brief, look at the carbon budget estimates of the Global Carbon Project and the IPCC, the methodology and the inevitable uncertainties. They compare it to their own latest report from the CONSTRAIN research project. Where the GCP and the IPCC estimate nine years left of carbon emissions at current emission … [Read more...]
EU electricity market reform: completing, not dismantling, the integration is the answer
Leonardo Meeus at the Florence School of Regulation explains why electricity market reform in the EU must be about completing the process of integration, not unwinding it. He breaks down his argument into five categories â Electricity Markets, Contracts for Difference (CfD) and Power Purchase Agreements (PPA), Capacity Remuneration Mechanisms (CRM), Energy Communities, and Demand-side Flexibility â and with each he defines their purpose, looks at … [Read more...]
China: decades of support for innovation is now delivering results
The evolution of Chinaâs clean energy sector used to be based on a technology catch-up approach, which meant secondary innovation based on imported technologies. Daisy Chi at ECECP looks at the IEAâs recent report, âTracking Clean Energy Innovation: Focus on Chinaâ, to conclude that the nation is now a major force in clean energy innovation. Decades of innovation-focussed policies, strong funding support, institutional reforms, big targets and … [Read more...]
Is a Carbon Tax the best way to decarbonise the Grid?
Severin Borenstein at the Energy Institute at Haas and Ryan Kellogg at the University of Chicago question whether carbon pricing is the best way to decarbonise the electricity grid. The authors did an empirical analysis of all of the fossil plants in the US. It shows that a CES (clean electricity standard) or zero-emissions subsidies would close down fossil plants in almost the same order as a carbon tax. So using alternative policy tools can … [Read more...]
Record Renewables additions for 2021 and 2022 despite supply bottlenecks prove Solar & Windâs resilience
Despite â or perhaps because of â global market and political turmoil, renewable power is set to break another record in 2022. Thatâs after 2021 also saw record new capacity from solar, wind and other renewables worldwide. Itâs mainly driven by solar PV in China and Europe as governments around the world take advantage of renewablesâ energy security and climate benefits, according to the IEAâs latest Renewable Energy Market Update. 295GW of new … [Read more...]
U.S. Solar breaks new records. Whatâs needed to keep the momentum?
The latest available data reveals itâs been a record breaking 2021 for U.S. solar. John Rogers at UCS runs through the highlights. Solar passed the 100GW milestone, with 23.6GW newly installed, up 19% on 2020 and 77% up on 2019. Solar was the biggest source of new electric generating capacity for the third year in a row. Residential, non-residential and utility-scale all performed well. Across the nation, solar accounted for 3.9% of total … [Read more...]
Piloting peer-to-peer electricity markets in China and the EU
Peer-to-peer (P2P) electricity trading is being promoted, to varying degrees, in both the EU and China. It allows individual citizens and businesses to produce and trade their own solar power (local, rooftop), while enabling the close-to-real-time balancing of supply and demand to maintain system stability. Helena Uhde at the ECECP gives an insight into the current status, implementation, regulations and policies in both regions. She cites two … [Read more...]
Event summary: âUnlocking the potential of Bioenergyâ
Sara Stefanini provides a written summary of our panel discussion held on Thursday March 17th 2022. Itâs a full summary of the 90 minute discussion (including audience questions), but it begins conveniently with a summary of the highlights (potential for bioenergy, hard-to-abate sectors, sustainability, policy needs). Those highlights include the need to scale bioenergy up from around 50 EJ today to 150 EJ by 2050; the importance of carbon … [Read more...]
Carbon Taxes have a multiplier effect on clean energy policies
President Bidenâs Build Back Better package has already had to be cut back drastically. The climate part of the package is to halve the U.S.âs greenhouse gas pollution from its peak by 2030. Given the limitations on what Biden can do, will tax credits alone (favouring low-carbon solutions) achieve the target, asks Meredith Fowlie at the Energy Institute at Haas. She reviews papers that say it almost certainly wonât. However, the addition of a … [Read more...]
The Gas Crunch: EU and China can share lessons on Energy Security and Renewables Integration
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...]
UNEP 2021 Emissions Gap report: only 11 countries have net-zero targets enshrined in law
Zeke Hausfather at Carbon Brief summarises the UNEP 2021 Emissions Gap report, released last week. It explores the impact of the net-zero emissions pledges of nations, and the âgapâ between them and the Paris targets. As COP26 gets started, 136 countries either have some form of commitment to a net-zero target or are considering it. Of those, 49 plus the EU have a firm net-zero commitment. But only 11 countries have targets enshrined in law. … [Read more...]
- 1
- 2
- 3
- …
- 6
- Next Page »
