By ramping up cost-effective investments in renewable energy and energy efficiency the European Union can cut its dependency on natural gas imports in half, according to a new analysis. Carbon reductions of 49% or more could be achieved below the 1990 level by 2030 – far more than currently proposed. The study Increasing the EU’s Energy Independence: A No-Regrets Strategy for Energy Security and Climate Change was written by international … [Read more...]
The great EU climate and energy test: European leaders need deal that will convince the world
On 23 October EU leaders will meet to agree the foundations of an EU climate and energy policy for 2030. They need to settle on four targets: greenhouse gas emission reductions, renewables, energy efficiency, and – the most recent addition – interconnections. But even more: they will have to convince markets and policymakers across the world that the EU has a credible climate and energy strategy to offer. Sonja van Renssen explains the ins and … [Read more...]
Solar power to the people
The spectacular global growth of solar PV is one of the big energy stories of today. And it may well become the energy story of the 21st Century. Where did the solar revolution “suddenly”come from? And where will it take us? One of the pioneers of the sector, Peter F. Varadi, co-founder of what was once the biggest solar PV producer in the world, Solarex, has written a unique history of his company and that of solar PV. He also looks ahead to … [Read more...]
Brussels reveals: public support for renewables hardly different from non-renewables
For the first time ever, the EU Commission has mapped out how much public money flows to the energy sector in Europe and where it goes. According to a new report prepared by consultancy Ecofys, Europe spent €113 billion on energy subsidies in 2012. Remarkably, public support for coal is equal to that of onshore wind and total support for renewables is not much higher than for non-renewables. Also remarkably, the estimated “levelised costs” for … [Read more...]
EU Commission issues interim report on energy subsidies and costs
The functioning of energy markets and the size and effect of government interventions has been the subject of debate for years. To date however, a consolidated dataset for government interventions in the power market of the European Union has been missing. This is why the European Commission has commissioned a study that aims at helping to close the knowledge gap by quantifying the extent of public interventions in energy markets in all 28 Member … [Read more...]
Energy storage: stormy growth but no one-size-fits-all solution
The debate over which energy storage technology will prove to be the best in the long-term is misguided, argues Chris Dalby of Oilprice.com. There will be no one-size-fits-all winner. He discusses some of the latest developments in energy storage, which show that different situations will lead to different solutions. … [Read more...]
Hinkley Point C: the EU energy market will not be the same after this
The European Commission has, to the outrage of many, given a historic green light to an unprecedented ÂŁ34 billion (€43 billion) state aid package for nuclear power in the UK, the first case of its kind in Europe. Energy Post’s Brussels correspondent Sonja van Renssen discusses the case .- and the many questions that it raises about the EU’s energy policy and the internal market. … [Read more...]
Italian EU Presidency falls down on energy policy
With a final decision on the 2030 framework for EU climate and energy policy approaching, and a highly unstable international energy situation, the Italian Presidency of the EU should focus squarely on energy. However, the Italian energy effort is vague, focused on the short term and fails to initiate the measures the EU and Italy need to solve the energy and climate crisis, writes energy journalist and economist Lorenzo Colantoni. … [Read more...]
Europe’s new VP for Energy Union shows little knowledge of energy
Slovenia’s Alenka Bratušek was condemned as vague, bland and ignorant of key energy issues at her hearing at the European Parliament on Monday afternoon. Bratušek, who from November is meant to lead Europe’s energy negotiations with Russia and take on a global climate deal, failed to convince MEPs she had the skills or integrity to become the EU’s new “Vice President for Energy Union”. … [Read more...]
Carefully prepared Cañete dogged by conflict of interest
The candidate for EU Climate and Energy Commissioner, Miguel Arias Cañete from Spain, demonstrated an impressive grasp of his subject matter at his hearing at the European Parliament on Wednesday night in Brussels. But he failed to answer repeated questions about his brother-in-law’s involvement in two oil-related companies. Today, his future hangs in the balance as he becomes a hostage in a fight between the Parliament’s different political … [Read more...]
IEA: Solar costs heading to 4c/kWh, rooftop solar “unbeatable”
The traditionally conservative International Energy Agency (IEA) predicts the cost of solar energy will fall to around 4c/kWh in coming decades as the sun becomes the largest source of power generation across the world. The latest “Solar Roadmap” published by the IEA on Monday shows that the speed with which solar is reaching “socket parity” has taken the world by surprise, writes Giles Parkinson of Reneweconomy.com.au. … [Read more...]
World’s largest cleantech investor unveils strategy
Cheng Kin Ming, whose recent investments in solar companies are estimated to be worth nearly $20 billion – making him the world’s largest private investor in clean technologies – has unveiled his vision for the Age of Green Cities at The Next Generation Solar PV Finance event in New York. He spoke publicly for the first time about his strategy to accelerate the world’s transition to green cities. His approach is to identify the world’s best, … [Read more...]
IEA: Solar energy could be the largest source of electricity by mid-century, if …
The sun could be the world’s largest source of electricity by 2050, ahead of fossil fuels, wind, hydro and nuclear, according to a pair of reports issued today by the International Energy Agency (IEA). The two IEA technology roadmaps show how solar photovoltaic (PV) systems could generate up to 16% of the world’s electricity by 2050 while solar thermal electricity (STE) from concentrating solar power (CSP) plants could provide an additional 11%. … [Read more...]
NGO’s call for reform of Energy Community, Energy Community calls for reform by its members
A group of leading NGOs active in the Balkan region are calling for urgent reform of the Energy Community Treaty, as its Ministerial Council prepares to meet in Kiev on September 23rd . The groups are calling for both the expansion of the environmental and climate component of the Treaty and measures to ensure that existing obligations are better enforced. “Energy Community Treaty reform is a once in a decade opportunity to garner support for … [Read more...]
King Coal dethroned: future looks black
New research by the Carbon Tracker Initiative (CTI), the London-based NGO that invented the concept of “stranded assets” (aka the “carbon bubble”), claims that “the tide is turning against coal exporters”. After taking on the oil and gas industry, CTI has for the first time calculated the risks faced by the coal sector from slowing demand in combination with climate change policies. It concludes that most new coal mines will not be economic. … [Read more...]
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