Berlin has said that, though difficult, it could become independent of Russian oil imports by the end of 2022, with a target of halving them by the middle of the year. Kerstine Appunn at Clean Energy Wire compiles information on the practical challenges for Germany’s oil infrastructure, refineries and security of supply. Germany is serviced by three pipeline systems for the west, the east and the south of the country. But they are not connected … [Read more...]
Fossil Fuel divestment is premature: instead, enable investment to keep prices low, and tax consumption
We need to shift investment from fossil fuels to other climate-friendly energy sources, but it must be done more intelligently than we’re doing it today, says Schalk Cloete. The rapid global economic development needed to uplift the 86% of the world’s population currently living below $1,000/month is inextricably linked to the continued and timely growth in an abundant supply of affordable energy. It would be unjust – and probably futile – to … [Read more...]
Price volatility and greenwashing: do Gas and LNG make economic or climate sense?
While governments urgently rethink their gas policies, Christina Ng and Sam Reynolds at IEEFA summarise the evidence against the claim that gas and LNG can be green and have a sound economic future. Firstly, most measurements of emissions do not include the full life-cycle of production. For LNG that includes extraction, transport, liquefaction, and re-gasification. They point at studies that say it can be almost as much as the emissions produced … [Read more...]
The metals sector should back global carbon taxes. It’ll be good for business
Most of the metals mining sector has been opposing carbon taxes. This is a foolish mistake that works against their interests, argue Sally Innis, Benjamin Cox, John Steen and Nadja Kunz at the University of British Columbia. The tax on the carbon emissions from mining and producing most metals (with only aluminium and steel being outliers) are small compared to the price of the metal, so a carbon tax will add little to the selling price. But the … [Read more...]
Will turning down Europe’s thermostats ease the Gas supply crisis?
To counter the extremely high gas prices caused by the Russia-Ukraine crisis the IEA has proposed turning thermostats down in households to use less gas. The IEA estimated lowering the heating by just 1°C would reduce gas demand by around 10 bn cubic metres a year, or 7% of Europe’s annual imports from Russia. Aurore Julien at the University of East London looks at quantifiable past attempts around the world to get citizens to cut their energy … [Read more...]
What is Energy Security? And what it isn’t
What is energy security? That’s what Maximilian Auffhammer at the Energy Institute at Haas asks and tries to answer, and he starts by saying what it is not and what solutions should not be used. Not importing won’t help because prices are global. “Energy security” can’t be taxed as an externality for much the same reason. Subsidising high prices for consumers decreases the value of energy efficiency investments. Instead, Auffhammer says the … [Read more...]
A massive expansion of domestic Renewable energy stops wars, not just climate change
Hans-Josef Fell at Energy Watch Group says bluntly that a massive expansion of domestic renewable energy generation over the last decade would not only have saved the planet from a future climate catastrophe, it would be stopping wars today. Firstly, 70% of Russia's state revenues come from oil, natural gas, coal and nuclear energy deals. State revenues fund its military. Secondly, an EU dependent on imports from any geopolitical adversary will … [Read more...]
Critical minerals and materials: supply bottlenecks and risks need international cooperation
The growth in demand for minerals and materials needed for the energy transition is putting a strain on supply. Mining and processing are the two key bottlenecks. Dolf Gielen, Martina Lyons, Francisco Boshell and Peter Chawah at IRENA summarise the multiple challenges. New capacity is not the only problem: the geographical concentration of where the mining and, in particular, the processing is being done is the primary risk. China’s dominance in … [Read more...]
Where can Europe get its Gas if Russia cuts off supplies?
What impact will the confrontation between Russia and NATO over Ukraine have on Europe’s energy security? Russia provides nearly half of Europe’s natural gas, and Moscow could tighten the flow if hostilities break out. If that happens, where would Europe get its gas from? Amy Jaffe at Tufts University looks at the constraints on global LNG supply (mainly liquification and regasification capacity), the global ability to redirect shipments to … [Read more...]
Gas Crunch: time to factor in volatility and externalities to reveal its true costs
The current gas price shock (and any future ones) raises the question: if we had invested more in renewables, efficiency, buildings renovation, and green gases, would we be actually saving money instead of losing it? Looking at the EU, Dolf Gielen, Michael Taylor and Barbara Jinks at IRENA urge governments to do something they’ve not done before and factor in the negative impacts of volatile fossil fuel prices. Moreover, they should calculate the … [Read more...]
Using ENTSO-E’s modelling for China’s grid expansion
The EU and China have similar challenges when expanding their complex grid network. Both have large populations and multiple borders (China has 23 provinces, five autonomous regions, four municipalities and two administrative regions). Both must rapidly add clean power whilst ensuring energy security at the lowest cost. Helen Farrell at ECECP describes their project to use European ENTSO-E modelling tools to assess scenarios for China. One key … [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, China’s … [Read more...]
Turkey: when electricity price ceilings amplify the pain of gas spikes and currency falls
Turkey’s rules for an electricity price ceiling may be well intentioned, but they are creating a price ladder that is causing those prices to rise too fast and too much, say Fuat OÄźuz at Ankara Yıldırım Beyazit University and ÇaÄźrı Peker at the Energy Market Regulatory Authority, Turkey. When market participants are allowed to sell and buy electricity at distorted prices the effects of external shocks are amplified artificially. The main shocks … [Read more...]
Electricity Market Reform: ACER must empower consumers, not just network operators
ACER, the EU Agency for the Cooperation of Energy Regulators, has delivered to the EC its preliminary assessment of Europe's high energy prices and the current wholesale electricity market design. Simon Skillings and Lisa Fischer at E3G interpret ACER’s assessment as showing it wants to maintain the status quo. However, long-term changes in market design are inevitable. The authors want ACER to accept this reality and ensure the changes are … [Read more...]
China’s energy crisis: the problems with coal exit, emissions targets, and a command economy
China is also suffering from an energy crisis. Major industries have had to restrict production, and reports abound of candle-lit dinners, traffic lights failing and people getting trapped in elevators. Its effect has also been global, with Apple, Tesla, Microsoft and Dell saying it’s hitting their supply chains. As Jun Du at Aston University explains, China’s drive to cut coal has collided with post-Covid resurgent demand and an unusually hot … [Read more...]
- 1
- 2
- 3
- 4
- Next Page »
Recent Comments