In its new World Energy Outlook (WEO), the IEA is cautious about the prospects of unconventional oil and gas outside the US. As regards shale gas, it notes that “uncertainty remains over the quality, the costs and public acceptance.” Yet in an interview with Energy Post, IEA Executive Director Maria van der Hoeven notes that “the gas is there. All geologists are agreed on that.” Moreover, “there may be other surprises in store, for example with … [Read more...]
The failure of Kyoto and the futility of European energy policy
The EU has been one of the front-runners on climate policy ever since the Kyoto Protocol was adopted in 1997. However, according to geologist and energy author Euan Mearns, who runs the blog Energy Matters and is a former editor of the famous "peak oil" website The Oil Drum, Kyoto has been an outright failure and current EU energy policy is futile and counterproductive. He wonders why EU governments "continue to pursue this futile course of … [Read more...]
IEA in World Energy Outlook: no oil abundance in sight
Technology and high prices are opening up new oil resources, but this does not mean the world is on the verge of an era of oil abundance, according to the International Energy Agency’s (IEA) 2013 edition of the World Energy Outlook (WEO-2013). Although rising oil output from North America and Brazil reduces the role of OPEC countries in quenching the world’s thirst for oil over the next decade, the Middle East – the only large source of low-cost … [Read more...]
German Environment Ministry says CO2-neutral Germany “almost possible”
Can an industrialized country such as Germany avoid nearly all of its man-made greenhouse gas emissions? “Clearly yes”, answers a new study by the German Federal Environment Agency (Umweltbundesamt). And it can be done without carbon capture and storage, nuclear power and first generation biomass. However, energy demand must be reduced by half and “unnecessary transport” must be avoided. “It is technically possible to reduce greenhouse gas … [Read more...]
The future of the large German utilities: it’s already here
Energy Post reported recently that German utility RWE is “shedding its old business model and embracing the energy transition”. This is not surprising, writes solar industry pioneer Peter F. Varadi. In fact, says Varadi, the new strategy merely formalizes what is already happening in practice. (Photo: Tim Fuller) … [Read more...]
Peak Coal in China – or long, high plateau?
Recent reports predicting a "peak" in Chinese coal power consumption are misleading, Armond Cohen and Kexin Liu of the Clean Air Task Force (CAFT) point out. The amount of Chinese coal-fired power generation will "continue to skyrocket". The same goes for other parts of Southeast Asia. The only way to prevent climate disaster is by scaling up carbon capture and storage (CCS). (Photo from Shanxi province by Bert van Dijk) … [Read more...]
Top climate scientists call on environmentalists to support nuclear
In an open letter addressed to "those influencing environmental policy but opposed to nuclear power", four top climate scientists in the US have called on world leaders and environmental activists to support the developmnet of nuclear power to protect the climate. The scientists are James Hansen, Ken Caldeira, Kerry Emanuel and Tom Wigley. Here is their letter, published by CNN: "As climate and energy scientists concerned with global climate … [Read more...]
How renewables will transform commercial and (geo)political relations
The role that renewable energy could play in changing the balance of power in the world is often overlooked. Rick Bosman of the Dutch Research Institute for Transitions (DRIFT) in Rotterdam and Daniel Scholten, Assistant Professor at Delft University of Technology, undertake a thought experiment with stunning implications for future consumer-producer relations. Must reading for energy market and political strategists. (Illustration Tjebbe van … [Read more...]
EU Commission: feed-in tariffs should be abandoned
The European Commission has presented a Communication which gives guidance to Member States on “how to make the most of public interventions” in the electricity market. The Communication discusses “how to reform existing” interventions, especially renewable energy subsidy schemes, and how to effectively design new ones, especially for back-up capacity schemes." The Commission notes that “in some very specific cases public intervention might be … [Read more...]
EU Court upholds primary importance of internal energy market
In its first ruling on mandatory unbundling, the European Court of Justice has deemed this principle so vital to the internal market that it supersedes fundamental freedoms enshrined in the EU Treaties, such as free movement of capital. It is a victory of public interest over pure economics. The ruling in the case of the Netherlands vs. three energy companies comes on the eve of fresh EU guidance intended to better align the state interventions … [Read more...]
North Africa and Middle East to double renewable energy capacity by 2015
The capacity of renewable energy in the Middle East and North Africa will nearly double from 1.7 gigawatts (GW) today to 3.3 GW by 2015. This is shown by research from Desertec Industrial Initiative (DII). Morocco plays a leading role in expanding the currently capacity, around 0.6 GW, to 1.7 GW by 2015. "North Africa and the Middle East are at the beginning of an impressive energy transition based on wind and sun. I am particularly pleased … [Read more...]
PWC study: Economies generate growth thanks to decarbonisation
New research by PwC, using historical data from five EU member states, shows that countries can decarbonise at faster than average rates without reducing economic growth or losing competitiveness while still generating new sources of economic growth and jobs. This is the conclusion based on analysis of the long-term economic impact of energy policies in five European countries (Denmark, Germany, the Netherlands, Sweden and the United Kingdom) … [Read more...]
Crowdfunding renewables: game-changer for the energy sector?
Crowdfunding of renewable energy projects is growing fast in Europe. If this grassroots movement gets organized in time to access the big money available in the next round of cohesion funding, it could have far reaching effects on the European energy sector. … [Read more...]
EU renewables sector fears for future subsidies
Brussels wants both a single European energy market and 20% renewables in the energy mix by 2020. The latter goal, however, Â risks disrupting the former. The Commission must resolve this tension in new state aid guidelines for energy for 2014-2020. Â The renewables sector warns that the conditions the Commission is currently considering threaten the renewable energy sector. (Photo: uSwitch) … [Read more...]
Exclusive: RWE sheds old business model, embraces transition
RWE, Germany’s largest power producer, has decided to radically depart from its traditional business model based on large-scale thermal power production. Henceforth, the company will “create value by leading the transition to the future energy world”.  This is shown by confidential strategy documents that were discussed at a recent meeting of RWE’s Supervisory Board in Warsaw which Energy Post has seen. Photo: RWE power plant in Hamm-Uentrop … [Read more...]