The coronavirus slump is forcing governments around the world to inject large amounts of cash into the hands of consumers and businesses, until this is all over. In the U.S. it’s $2tn. Catherine Wolfram at the Haas School of Business suggests a way to cut that bill, easing the pressure on central bankers. Utilities (electricity, water, gas) should allow customers to defer payment (instead of using valuable bailout money to pay the utilities). The … [Read more...]
Covid-19 and the EU car industry: any support should lock in EV targets
The coronavirus slump has come suddenly and hit hard. The deep thinking has already begun on the economics needed to turn around that slump without damaging our rising emissions ambitions. Julia Poliscanova at Transport & Environment looks at the car industry. Some have called for the new CO2 standards coming in 2020 to be postponed (though, notably, VW and BMW still support them). She explains that total car sales were already declining in … [Read more...]
Germany’s drive to decarbonise its prized heavy industry: an overview
Sören Amelang at Clean Energy Wire runs through their collection of factsheets, analyses, reports and interviews that have tracked German industry’s attempts to grapple with decarbonisation. The very high energy intensity required by industries like steel, chemicals and cement makes a simple switch to clean electricity – short of a total redesign of processes – impossible. But Germany wants to maintain, even extend, its world leadership in … [Read more...]
Europe needs its own EV battery recycling industry
Europe needs its own battery recycling industry, and the EU’s European Battery Alliance should make it happen, says Raphaël Danino-Perraud writing for the IFRI Centre for Energy & Climate. For economic, strategic and environmental reasons, today’s overwhelming dependence on outsourcing – in this case to Asia - for battery manufacture and recycling needs to change. To start with, Asia provides over 90% of global car battery output, half coming … [Read more...]
Grid Battery tech on track. It now needs re-designed markets, monetisation
The rapid expansion of variable renewable electricity generation is making cost effective storage more urgent. Sure enough, in Europe several electricity storage projects are under construction and new ones are announced almost on a weekly basis. The battery technology seems to be on track, with estimates of $156/kWh in 2019 dropping to $61/kWh by 2030. But progress is hampered by the lack of a market that recognises and rewards the true value of … [Read more...]
New EU Industrial Strategy focuses on emissions, but is it enough?
This month the European Commission released its new EU Industrial Strategy to set the direction of travel for the EU economy in the context of the European Green Deal. Energy-intensive industries - like steel, cement, aluminium, paper and chemicals - account for roughly 17% of EU emissions and have struggled to reduce them in recent years. But Johanna Lehne at E3G doubts the strategy is enough to meet the ambition of becoming the first … [Read more...]
Construction emissions: “mass wood” prototypes halve CO2, rapid modular deployment, 18 stories
Building and construction emissions account for two-thirds of the global total, with one tenth coming from the construction phase alone. David Chandler at MIT reviews their research, in collaboration with a range of specialist companies, into wooden buildings. Their construction emissions should be as low as half that of concrete or steel. The key is the development of large scale, cross-laminated “mass wood”. Factory built modules can be … [Read more...]
Coronavirus: economic stimulus plans open a door for clean energy
We’re facing an unexpected global economic slump thanks to the coronavirus sweeping across the world. In response, governments everywhere are tabling stimulus packages to get us through what is a temporary but severe drop in economic activity. That stimulus could be used, as it usually is, to get us back on the same path. But it should be used to steer us further and faster onto the new path of clean energy, says Fatih Birol, Executive Director … [Read more...]
EU Green Deal: meeting targets by lowering non-EU neighbour emissions too
The EU‘s Green Deal and its increasingly ambitious transition policies cannot be limited to its member states, writes Marc-Antoine Eyl-Mazzega at the IFRI Centre for Energy & Climate. For its emissions targets to be met in a meaningful way the EU needs to ensure its neighbours to the east and in North Africa follow. The danger is that carbon intensive industries simply shift to those neighbours, and their products get imported back in. … [Read more...]
Are national fossil fuel car bans compatible with EU laws, intra-trade, movement?
A growing number of EU nations are announcing laws to phase out the sale of new fossil fuel cars within the next 20 years. But are the proposed bans compatible with EU laws, or even workable given cross border trade and movement rights? If you are Dutch, why not buy your new petrol car in Belgium, then drive it back to the Netherlands? How do you enforce CO2 targets with foreign haulage fleets transiting through your nation? Eoin Bannon at … [Read more...]
Canada is launching methane emissions rules for Oil and Gas
January 2020 marked the first time the Canadian government has targeted methane emissions from the oil and gas sector. They’ve committed to reduce oil and gas methane emissions by 40% to 45% below 2012 levels by 2025. Reducing methane emissions is considered one of the most cost-effective ways to cut global emissions. Methane equates to around 5.4% of the country’s total emissions of 716 Mt CO2-eq. The IEA estimates global methane emissions from … [Read more...]
Tech-Neutral Auctions for Renewable Energy: are poorly defined rules creating loopholes?
The EC’s Environmental and Energy State Aid Guidelines 2014-2020 (EEAG) require Member States to implement technology-neutral auctions as part of their renewable energy support schemes. However, the reality looks quite different, write Bastian Lotz and Silvana Tiedemann from Navigant (a Guidehouse company), Lars Jerrentrup of Aurora Energy Research, and Lion Hirth from Neon. Most Member States continue to use technology-specific auctions, using … [Read more...]
100% renewables by 2050: a technology, market, system, business model toolset for your nation
A growing number of countries are announcing increasingly ambitious renewable energy targets. But how do you deliver the results? IRENA’s Elena Ocenic explains that they have developed a toolset for countries to plot their unique pathway to success. Those tools range widely across technology, market design and regulation, system operation practices, and business models. The article lists the tools, and runs through some notable successes. Ocenic … [Read more...]
Carbon Tax: “laboratory” Europe shows U.S. it has no effect on aggregate jobs, growth
The issue of carbon taxes is under debate in the U.S. Congress. The fear is a new tax will destroy jobs and hinder growth. Will it? Meredith Fowlie at the Energy Institute at Haas says the U.S. should see Europe as a very useful carbon tax laboratory experiment: half the countries have some sort of tax, the other half don’t. She’s pulled together evidence to answer the simple question: does a carbon tax affect aggregate employment and growth. Her … [Read more...]
The Six Energy Paradoxes that slow the sector’s progress
Gerard Reid at Alexa Capital takes a high level look at what he sees as six systemic problems faced throughout the energy sector. They can be found at every level, across all technologies and markets. He calls them the Six Energy Paradoxes. All of them are acting as a serious drag on progress, Transition or not. Take the Market Efficiency Paradox. Utilities should adjust their prices to meet changes in energy supply and demand. Higher supply or … [Read more...]
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