Making Mission Possible, the latest report by the Energy Transitions Commission, describes a net-zero world by mid-century as technically and economically possible. The solutions are already available or close to being brought to market. What is still missing is the will to embrace, rapidly and at scale, the inevitable disruption that will ultimately deliver net-zero emissions, lower air pollution, cheaper energy bills, create new jobs and raise … [Read more...]
A Just Transition can address systemic inequality, not just clean energy jobs
For some, the concept of a Just Transition means more than re-skilling former coal workers. It’s an opportunity to reduce systemic inequality in their society. Energy costs represent a high portion of the spending of the poor, so any major overhaul of the energy system, like the Transition, can have a direct and positive impact on them. Writing for the Regulatory Assistance Project (RAP), Alice Napoleon, Donna Brutkoski and Nancy Seidman describe … [Read more...]
Coal exit saves money when public health, land degradation costs added – analysis
Coal is cheap. In countries historically reliant on it, as well as emerging economies still building plants, switching to cleaner energy just doesn’t seem to add up. That’s when you’re only looking at your national energy system costs. But the externality costs of air pollution, public health and a degraded local environment are rarely factored in to the equation. When they are, explains Sebastian Rauner writing for Carbon Brief, abandoning coal … [Read more...]
Will China build more Coal to stimulate the economy?
Could China ramp up coal generation – of the order of hundreds of GW by 2030 - as part of its efforts to stimulate its economy and recover from the coronavirus slump? The thinking is that building a coal plant converts faster into economic growth than the equivalent spent on renewables. In the previous decade, building coal plants was an effective part of China’s economic growth plan that secured its place as the world’s second largest economy. … [Read more...]
The rapid liberalisation of China’s domestic gas market
China’s coal-to-gas ambitions are driving big changes to its internal gas markets, says a report “China’s Quest for Blue Skies: The Astonishing Transformation of the Domestic Gas Market” by the IFRI Centre for Energy & Climate, authored by Sylvie Cornot-Gandolphe. To cope with a doubling of gas demand by 2030, market reforms are liberalising the downstream gas market. Nobody wants a repeat of the winter shortages of 2017-18. And air … [Read more...]
GDP – Gross Environmental Damage = actual wealth creation
We all know that GDP measures everything that’s been paid for, both the good and the bad. There have already been studies that try to account for the “bad” GDP that costs us in the long run and so adds less value than stated. Catherine Wolfram, at the Haas School of Business, takes a thoughtful look at Gross Environmental Damage which separates out the kind of GDP that we’re going to have to spend money cleaning up in the future. The GED concept … [Read more...]
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