Many people are unaware quite how close we are to reaching a critical milestone in the industry. Within a fairly short space of time, solar generated electricity will be fully cost competitive with coal-powered electricity -- at least if the governments of the world's two largest energy consuming nations have their way. … [Read more...]
New BP Statistical Review shows US oil production increase helped avoid oil crisis
The new BP Statistical Review of World Energy 2014, published on 16 June, shows that the world only narrowly escaped an oil crisis last year, thanks to a large increase of production in the US. The figures in the famous Review – the publication’s 63rd annual edition – show “how geopolitical events in a number of countries continued to impact oil production in 2013, with Libya suffering the largest single decline in the face of renewed civil … [Read more...]
Oil and gas producers: we subsidise government, not vice versa
Oil and gas contribute hundreds of billions of euros to European government revenues every year, a new study shows, highlighting how the industry – far from being subsidised – crucially boosts public finances in the European Union and Norway. Energy taxation and subsidies in Europe, a study commissioned by the International Association of Oil & Gas Producers (OGP) and carried out by independent consultant NERA Economic Consulting, sheds … [Read more...]
Obama’s Clean Power Plan: why it’s smarter than you think (and beats EU policy)
The Clean Power Plan recently announced by the US Environmental Protection Agency (EPA) has been hailed for its good intentions, but also widely criticized for its “modest” ambitions. What most commentators have failed to note, however, is that, compared to EU climate policies, Obama’s plan is really a smart piece of legislation. It avoids the policy failures made by Brussels and lays a solid foundation for a successful low-carbon strategy. … [Read more...]
UN starts new hub to bring investment and innovation in clean energy to Asia and the Pacific
A new regional hub launched by the Asian Development Bank (ADB), in partnership with the United Nations Development Programme (UNDP) and the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), will help mobilize investment and innovative solutions to bring clean, modern energy to those who do not have it in Asia and the Pacific. The "Asia-Pacific Sustainable Energy for All" hub will gather governments, investors, … [Read more...]
Interview Shell strategist Jeremy Bentham: “Future organisations will have to cross boundaries”
What will Shell’s role be in an increasingly carbon-constrained, and increasingly electrified world? Clearly the company sees its natural gas business as becoming central to its operations, gradually overtaking its oil business. But beyond that, the future is uncertain. Jeremy Bentham, Vice-President of Global Business Environment and head of the Shell Scenarios team, sees Shell evolving into a company that provides flexibility and resilience and … [Read more...]
Will China follow the US example and cap carbon emissions?
With his Clean Power Proposal, President Obama has entered on a drive to put a ceiling on carbon emissions in the US – for the first time. The question  is now whether China will follow this example. Nicholas Cunningham of Oilprice.com believes China may be about to turn a corner – with huge consequences for global energy markets. … [Read more...]
“Retroactive amendments to Czech law threaten renewable energy sector”
The Czech Photovoltaic Industry Association and the Alliance for Energy Self-Sufficiency have expressed their fears about planned retroactive changes to legislation guaranteeing support for renewable energy in the Czech Republic in letters addressed to the European Commission and Members of the European Parliament and have asked for an independent assessment of related materials and documentation. Suspicions about retroactive changes of the … [Read more...]
Global Cumulative Wind Power Capacity to More than Double by 2020, Led by China, says GlobalData
Despite an overall slump in installations in 2013, the global cumulative wind power capacity will more than double from 319.6 Gigawatts (GW) at the end of 2013 to 678.5 GW by 2020, says research and consulting firm GlobalData. The company’s latest report* states that China, the largest single wind power market responsible for 45% of total global annual capacity additions in 2013, is expected to have a cumulative wind capacity of 239.7 GW by … [Read more...]
Perspectives on Obama’s clean power plan: small step for US, big step for mankind?
The proposal made by the US Environmental Protection Agency to reduce CO2 emissions from power stations in the US by 30% has been hailed by many as a historic breakthrough in US climate policy. Others, however, argue that the proposal is quite moderate. Some even say the plan will do nothing for the climate at all. Supporters say the main benefits of the plan is the precedent it sets and the message it sends. Energy Post editor Karel Beckman … [Read more...]
US Environmental Protection Agency EPA proposes first guidelines to cut carbon pollution from existing power plants
At the direction of President Obama and after an unprecedented outreach effort, the U.S. Environmental Protection Agency has on June 2 released the Clean Power Plan proposal, which for the first time cuts carbon pollution from existing power plants, the single largest source of carbon pollution in the United States.Today’s proposal will protect public health, move the United States toward a cleaner environment and fight climate change while … [Read more...]
Heat pumps: waiting for the final push
As gas faces a reputational challenge from Ukraine, electric heat pumps are emerging as a promising alternative source of heating. Heat pumps can also make an important contribution to reducing greenhouse gas emissions. Oddly enough, although heating and cooling accounts for 45% of the EU’s final energy consumption there is no EU-wide heating and cooling strategy. Some countries such as UK and Italy are introducing support for individual … [Read more...]
What a difference a decade makes: an updated reality check on the global energy system
Robert Wilson takes a very hard-headed look at the state of the global energy system, in particular at the US and China. He comes up with some stunning conclusions. America’s per-capita energy consumption, he argues, is excessive and could easily be halved without any negative impact on the standard of living. But no matter what the US does, China is already by far the largest energy consumer in the world. And unfortunately, despite taking some … [Read more...]
“World needs $48 trillion in investment to meet its energy needs to 2035”
Meeting the world's growing need for energy will require more than $48 trillion in investment over the period to 2035, according to a special report on investment released today by the International Energy Agency (IEA) as part of the World Energy Outlook series. Today's annual investment in energy supply of $1.6 trillion needs to rise steadily over the coming decades towards $2 trillion. Annual spending on energy efficiency, measured against a … [Read more...]
More than a fifth of global power production now comes from renewables
Global renewable electricity energy capacity rose to a new record level last year — more than 1,560 gigawatts (GW), up 8% from 2012. More than 22 % of the world’s power production now comes from renewable sources. Renewables currently meet almost one-fifth of world final energy consumption. That is one of the conclusion of the new Renewables Global Status Report published by REN21, "the global renewable energy policy multi-stakeholder … [Read more...]
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