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$78tn net gain for compensated global Coal phase-out, when social benefits are added

September 23, 2022 by Tobias Adrian, Patrick Bolton and Alissa Kleinnijenhuis

Is replacing coal with renewables too expensive? No, it’s the opposite, explain Tobias Adrian at the International Monetary Fund, Patrick Bolton at Imperial College London and Alissa Kleinnijenhuis at the Oxford Martin School who summarise their paper. When the social benefits are added, the net gain globally is around $78tn under a conservative estimate. That’s equal to 1.2% of current world GDP every year until 2100 – these are real economic … [Read more...]

Filed Under: Energy, Oil, Gas & Coal Tagged With: Africa, America, Asia, CarbonPrice, coal, compensation, Europe, finance, investment, LatinAmerica, private, public, renewables

Electricity market re-design should focus on the root cause of the crisis, Europe’s dependence on fossil fuels

September 12, 2022 by Bruce Douglas

Amidst the perfect storm of the pandemic, war in Ukraine, and extreme weather events, Bruce Douglas at Eurelectric urges us all not to lose focus on our decarbonisation targets. Energy savings, electrification and renewables are more important than ever to help reduce dependence on fossil fuels. Douglas explains that Europe’s electricity sector remains totally committed to the drive towards clean energy, citing examples. He summarises the … [Read more...]

Filed Under: Energy, Policies, Renewables Tagged With: decarbonisation, electricity, EU, Europe, fossils, gas, industry, markets, pandemic, renewables, Ukraine, weather

Can China’s 14th 5-year-plan for Renewable Energy deliver an early emissions peak before 2030?

July 28, 2022 by Hu Min

At the beginning of June China released its 14th five-year plan (FYP) for renewable energy for the five years 2021-2025. Hu Min at Innovative Green Development Program, writing for Carbon Brief, reviews the plan’s targets and actions, and its implications. Unchanged from the 13th FYP, 25% of China’s energy will come from non-fossil sources by 2030. But the 14th FYP says at least half of the increase in electricity demand will be covered by … [Read more...]

Filed Under: Energy, Renewables Tagged With: China, coal, electricity, emissions, hydro, netzero, Nuclear, renewables, solar, storage, wind

Record global clean energy spending, but it’s still not enough and costs are rising

July 8, 2022 by IEA

Since 2020, clean energy investment has grown by 12% per year – it was only 2%/year during the five years after the 2015 Paris Agreement. That boost is the main reason why total global energy investment is set to reach $2.4tn in 2022, according to the latest “World Energy Investment” report from the IEA. It’s very good news that spending on solar PV, batteries and EVs is now growing at rates consistent with reaching global net zero emissions by … [Read more...]

Filed Under: Energy, Resources Tagged With: batteries, coal, costs, efficiency, EVs, gas, grids, inflation, investment, oil, power, renewables, solar

Implementing Poland’s national Recovery and Resilience Plan

June 27, 2022 by Sonia Buchholtz

How should Poland implement its national Recovery and Resilience Plan (RRP)? Sonia Buchholtz at Forum Energii outlines some important answers. First, a deep analysis of the challenges and assessment of the solutions and reforms must start now. Buchholtz says though the directions set out in the RRP are correct, the details are out-of-date. Policy reforms and more ambitious targets are needed in all the main areas: energy efficiency and heating; … [Read more...]

Filed Under: Energy, Policies Tagged With: buildings, Cities, demand, efficiency, EU, heating, hydrogen, investment, Poland, renewables, RRF, RRP, solar, wind

Global map of the future cost of clean Hydrogen production in 2030 and 2050

June 24, 2022 by Herib Blanco and Jacopo de Maigret

The world’s commitment to hydrogen needs an assessment of which regions can make it the cheapest. Herib Blanco at IRENA and Jacopo de Maigret at Fondazione Bruno Kessler describe their study of the range of factors that affect the future cost and therefore the potential for clean renewable hydrogen, estimated for 2030 and 2050. The main drivers are the capital cost of the renewable generation and the electrolyser, the cost of capital, and the … [Read more...]

Filed Under: Energy, Hydrogen Tagged With: capital, costs, electrolyser, hydrogen, land, LCOH, renewables, solar, water, wind

Event Summary: “CHINA: Carbon Neutral by 2060 – Innovation”

June 7, 2022 by Sara Stefanini

Here are the highlights of our 2-day 4-session workshop “CHINA: Carbon Neutral by 2060 - Innovation”, compiled by Sara Stefanini. It’s a quick and efficient way for readers to see the main points made by our expert panellists. Held at the end of May, it was the fourth of our EU-China workshops since the first was held in November 2020, produced for the EU China Energy Cooperation Platform (ECECP). As always, leading speakers from the EU, major … [Read more...]

Filed Under: Energy, Innovations Tagged With: AirLiquide, batteries, CCS, CCUS, CDR, China, Danfoss, EU, event, EVs, Flow, grids, hydrogen, innovation, Novozymes, renewables, Scania, SchneiderElectric, Shell, smartgrids, solar, storage, TotalEnergies, wind

Renewable Ammonia’s role in reducing dependence on Gas

May 19, 2022 by Dolf Gielen, Francisco Boshell, Gabriel Castellanos, Kevin Rouwenhorst and Trevor Brown

Today, IRENA and the Ammonia Energy Association (AEA) released its “Innovation Outlook Renewable Ammonia” which updates in detail the current state and prospects for green ammonia as an energy carrier. Here, Dolf Gielen, Francisco Boshell and Gabriel Castellanos at IRENA and Kevin Rouwenhorst and Trevor Brown at the AEA summarise the findings. Worldwide ammonia production, though fossil-based, is already at-scale as a feedstock for fertiliser. So … [Read more...]

Filed Under: Energy, Hydrogen Tagged With: ammonia, electricity, fertiliser, gas, hydrogen, liquefied, outlook, power, renewables, shipping

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

China’s impressive growth in Renewables and Transmission now needs Market innovation

May 12, 2022 by Simon Göss

***REGISTER NOW for CHINA: Carbon Neutral by 2060 - INNOVATION*** - China has the world’s largest power plant fleet for both coal and renewables. Together they make up most of the total power capacity of over 2,200 GW... STOP PRESS: China's Transition is the biggest single opportunity for managing climate change and also for those businesses who are ready with the innovations that will ensure the best possible outomes in an incredibly … [Read more...]

Filed Under: Energy, Events, Innovations Tagged With: China, coal, electricity, EU, grids, hydro, innovation, markets, renewables, solar, Transmission, UHV, wind

Pathway for 100% Renewables in 24 U.S. states by 2035

May 3, 2022 by Paula Garcia

We should not be surprised to see a growing number of 100% renewables roadmaps, with target dates in the 2030s, from nations as the transition gains pace. This study, “On the Road to 100 Percent Renewables” led by The Union of Concerned Scientists (UCS), details how the 24 states that make up the members of the U.S. Climate Alliance (USCA) can meet all of their electricity needs with renewable energy by 2035. Paula Garcia at UCS summarises the … [Read more...]

Filed Under: Energy, Renewables Tagged With: coal, electricity, health, jobs, JustTransition, Massachusetts, Michigan, Minnesota, pollution, renewables, solar, US, USCA, wind

Europe must simultaneously replace Russia’s fossil exports and accelerate its clean energy deployment

April 28, 2022 by Dolf Gielen, Ricardo Gorini, Luis Janeiro and Seán Collins

The Ukraine crisis has had an immediate impact on Europe’s strategy for energy supply security. And this week’s sudden halting of gas supplies by Russia to Poland and Bulgaria only emphasises the urgency. Dolf Gielen, Ricardo Gorini, Luis Janeiro and Seán Collins at IRENA look at the best options, basing their findings on their latest “World Energy Transitions Outlook”, published in March, that lays out a routemap for the next eight years for … [Read more...]

Filed Under: Energy, Energy Outlooks, Oil, Gas & Coal, Renewables Tagged With: ammonia, biogas, Bulgaria, coal, EU, Europe, gas, hydrogen, imports, Netherlands, oil, outlook, Poland, renewables, Russia, solar, Ukraine, wind

Post-war Ukraine needs energy independence, decarbonisation and EU cooperation

April 22, 2022 by Andriy Konechenkov

Energy independence is a choice for some countries. For Ukraine it is a life-or-death necessity, says Andriy Konechenkov, VP of the World Wind Energy Association and Chairman of the Ukrainian Wind Energy Association, in this op-ed. The Russian invasion has exposed the vulnerability of Ukraine’s current energy system. Many of its fossil-fuelled power plants are near the Russian border, exposing them to disruption by the invading neighbour. The … [Read more...]

Filed Under: Energy, Renewables Tagged With: coal, electricity, ENTSOE, gas, investment, Nuclear, oil, renewables, Russia, Ukraine, wind, Zaporizhzhia

Q&A: How fast can renewables deliver on Germany’s new energy independence goals?

April 19, 2022 by Benjamin Wehrmann

How quickly can Germany reduce its dependence on fossil fuels? Benjamin Wehrmann at Clean Energy Wire asks six practical questions that must be answered, then gathers the expert answers. What are the current expansion goals for wind, solar and other renewables? Following Russia’s invasion of Ukraine, will the new emergency plans bring an end to Russian imports as well as reach climate targets? Are renewable power companies ready to deliver a fast … [Read more...]

Filed Under: Energy, Oil, Gas & Coal, Renewables Tagged With: bioenergy, coal, EU, gas, Germany, grids, hydrogen, imports, investment, jobs, labour, licensing, loadplanning, oil, rawmaterials, renewables, Russia, skills, solar, storage, SupplyChains, Ukraine, wind

U.S. EIA Annual Energy Outlook 2022 reveals no reduction in emissions to 2050

April 4, 2022 by Sandra Sattler

The U.S. Department of Energy’s Energy Information Administration (EIA) has released its influential 2022 “Annual Energy Outlook” (AEO2022) which projects the electricity mix over the next 30 years. (The modelling takes policies and global conditions as they were in November 2021, so the current Russia-Ukraine crisis is not accounted for, nor any future unforeseeable shocks, and assumes no new policies to 2050). Sandra Sattler at the Union of … [Read more...]

Filed Under: Energy, Energy Outlooks Tagged With: AEO2022, demand, EIA, electricity, emissions, gas, oil, outlook, renewables, US

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      Recent Posts

      Scaling up global grid-scale Storage to 80GW/year (it was 16GW in 2022)

      H2 Green Steel has raised billions in 3 years: a case study of Industrial Project Finance

      Could big U.S. subsidies for Hydrogen create perverse incentives, raise emissions?

      Belgium: commercially viable Rooftop Solar for social housing. No installation subsidies, lower bills

      Concrete supercapacitor: works like a battery, much cheaper, easy to make

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