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What does the “global carbon budget” mean? Have we got 9 years left?

November 24, 2022 by Piers Forster, Debbie Rosen, Robin Lamboll and Joeri Rogelj

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...]

Filed Under: Energy, Policies Tagged With: aerosols, CDR, emissions, GCP, IPCC, methane, methodology, policies, pollution, science, uncertainty

EU electricity market reform: completing, not dismantling, the integration is the answer

November 18, 2022 by Leonardo Meeus

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 – Electricity Markets, Contracts for Difference (CfD) and Power Purchase Agreements (PPA), Capacity Remuneration Mechanisms (CRM), Energy Communities, and Demand-side Flexibility – and with each he defines their purpose, looks at … [Read more...]

Filed Under: Energy, Markets Tagged With: CFD, communities, consumers, CRM, demand, electricity, EU, flexibility, gas, incentives, markets, policies, ppa, prices, reform, renewables, Russia, Ukraine

China: decades of support for innovation is now delivering results

October 4, 2022 by Daisy Chi

The evolution of China’s 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 IEA’s recent report, “Tracking Clean Energy Innovation: Focus on China”, 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...]

Filed Under: Energy, Innovations Tagged With: batteries, China, emissions, EVs, funding, IEA, innovation, markets, patents, policies, research, solar

Is a Carbon Tax the best way to decarbonise the Grid?

September 20, 2022 by Severin Borenstein and Ryan Kellogg

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...]

Filed Under: Energy, Grids Tagged With: carbontax, CES, coal, electricity, emissions, gas, grids, policies, subsidies, US

Record Renewables additions for 2021 and 2022 despite supply bottlenecks prove Solar & Wind’s resilience

May 13, 2022 by IEA

Despite – or perhaps because of – global market and political turmoil, renewable power is set to break another record in 2022. That’s after 2021 also saw record new capacity from solar, wind and other renewables worldwide. It’s mainly driven by solar PV in China and Europe as governments around the world take advantage of renewables’ energy security and climate benefits, according to the IEA’s latest Renewable Energy Market Update. 295GW of new … [Read more...]

Filed Under: Energy, Renewables Tagged With: biofuels, China, distributed, EU, Europe, hydro, IEA, India, LatinAmerica, policies, renewables, Russia, security, solar, US, wind

U.S. Solar breaks new records. What’s needed to keep the momentum?

May 10, 2022 by John Rogers

The latest available data reveals it’s 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...]

Filed Under: Energy, Renewables Tagged With: California, costs, electricity, Illinois, Indiana, policies, residential, rooftop, solar, Texas, US, Utility, Virginia

Piloting peer-to-peer electricity markets in China and the EU

April 29, 2022 by Helena Uhde

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...]

Filed Under: Energy, Grids Tagged With: China, electricity, EU, Germany, Henan, Landau, markets, P2P, policies, regulations, rooftop, solar, stability, trading

Event summary: “Unlocking the potential of Bioenergy”

March 21, 2022 by Sara Stefanini

Sara Stefanini provides a written summary of our panel discussion held on Thursday March 17th 2022. It’s 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...]

Filed Under: Biofuels, Energy, Events, Videos Tagged With: aviation, BECCS, bioenergy, biofuels, biomass, CCS, CCUS, cement, chemicals, FitFor55, forestry, GreenDeal, infrastructure, policies, REDII, SAF, steel, sustainability, transport

Carbon Taxes have a multiplier effect on clean energy policies

February 10, 2022 by Meredith Fowlie

President Biden’s Build Back Better package has already had to be cut back drastically. The climate part of the package is to halve the U.S.’s 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 won’t. However, the addition of a … [Read more...]

Filed Under: Energy, Oil, Gas & Coal Tagged With: Biden, BuildBackBetter, carbontax, credits, emissions, policies, tax, US

The Gas Crunch: EU and China can share lessons on Energy Security and Renewables Integration

January 14, 2022 by Caspian Conran

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, China’s … [Read more...]

Filed Under: Energy, Oil, Gas & Coal Tagged With: China, Energy, EU, gas, integration, LNG, markets, methane, policies, prices, renewables, security, shale, US

UNEP 2021 Emissions Gap report: only 11 countries have net-zero targets enshrined in law

November 1, 2021 by Zeke Hausfather

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 “gap” 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...]

Filed Under: Energy, Policies Tagged With: COP26, emissions, fossilfuels, GreenDeal, Paris2050, policies, UNEP

Only Carbon Removal can make Germany’s new climate goal a reality

September 6, 2021 by Simon Göss and Hendrik Schuldt

Germany can’t hit its emissions targets without significant carbon dioxide removal (CRD), explain Simon Göss and Hendrik Schuldt at cr.hub. Clean energy and energy efficiency won’t do it alone. Policymakers have grasped that hard-to-abate sectors (industry, agriculture, buildings, transport) will struggle to deliver the reductions needed. Meanwhile, the climate disasters (floods, wildfires, etc.) that have cost lives this year are piling on … [Read more...]

Filed Under: Carbon Capture, Energy Tagged With: agriculture, buildings, carbon, CCS, CDR, emissions, floods, Germany, industry, LULUCF, policies, transport, wildfires

Where to build new Wind Turbines in Germany? Lowest cost vs residents and nature

June 11, 2021 by Antje Nieber and Paul Lehmann

Germany was a wind energy leader. But by 2019 it was only ranked sixth globally for newly installed capacity per year. Antje Nieber and Paul Lehmann at the University of Leipzig explain why. At its heart is a conflict of priorities: lowest cost versus the interests of residents and nature, being played out at the national and federal levels. The switch from feed-in tariff support to lowest-cost tenders stalled a lot of wind projects. Lawsuits and … [Read more...]

Filed Under: Energy, Renewables Tagged With: costs, electricity, Germany, litigation, nature, policies, residents, wind

The standard models overestimate the cost of the low carbon transition

May 17, 2021 by Alexandra Poncia, Paul Drummond and Michael Grubb

Why have forecasts for new low-carbon energy consistently underestimated their cost reductions? The IEA has, famously, repeatedly had to raise its estimates for solar’s contribution every year since 2009, and now describes it as the “cheapest electricity in history”. Writing for Carbon Brief, Alexandra Poncia at Arup and Paul Drummond and Michael Grubb at University College London explain that standard models focus on “technology-push” policies, … [Read more...]

Filed Under: Energy, Energy Outlooks, Policies Tagged With: electricity, fossilfuels, IEA, innovation, markets, policies, prices, solar, wind

We’re making much more progress decarbonising Electricity than Transport. Why?

January 14, 2021 by Catherine Wolfram

In the OECD, since 2000, electricity sector emissions have fallen by 8% while transport emissions have actually increased by 5%. The best performers like the UK recorded drops in both: 40% and 6% respectively. In the U.S. it’s 25% and 0%. Catherine Wolfram at the Haas School of Business asks why transport is still going in the wrong direction, given the power sector’s progress. She posits three theories. Rich nations are outsourcing … [Read more...]

Filed Under: Energy, Grids, Transport and energy Tagged With: California, electricity, emissions, EVs, grids, OECD, policies, power, regulations, Texas, transport, UK, US

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  • Making Hydrogen will consume 2% of total global renewable capacity growth by 2027 by IEA | posted on January 17, 2023
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Recent Posts

Make Hydrogen in developing nations: share prosperity while meeting our climate goals

Smart Glasses: experts can monitor and advise on power plant inspections anywhere in the world

Concrete: 8% of global emissions and rising. Which innovations can achieve net zero by 2050?

Biofuel is approaching a feedstock crunch. How bad? And what must be done?

Europe needs a Regional Green Bank to fulfil its Green Deal and match the U.S.

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