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How to tax renewable energy firms for windfall profits from high wholesale electricity prices

January 9, 2023 by IEA

Should windfall taxes be imposed on renewable energy firms that have benefitted from the current high electricity prices caused by the increases in oil, gas and coal prices triggered by Russia’s invasion of Ukraine? If so, how, and how much? The IEA has conducted a study of the EU to try to uncover who has (and hasn’t) made extraordinary profits, and how much. Up front they say this is difficult to do as the majority of installed renewable … [Read more...]

Filed Under: Energy, Renewables Tagged With: CFD, electricity, Europe, FIP, FIT, Greece, Hungary, hydro, IEA, investment, Italy, profits, renewables, Romania, Russia, solar, spain, taxes, Ukraine, wind, windfall

Our Hydrogen future: 27 authors imagine the world in 2030-2050

February 15, 2022 by Erik Rakhou

Here’s something very different for our readers today, and an opportunity for you to register for our Webinar and Q&A on Wednesday Feb 16th at 09:00 CET (register here). It’s to mark the book launch of “Touching Hydrogen Future”, where 27 energy experts from around the world have written a chapter each. They are fictional accounts of what our world could like in the near future. The countries covered are the Netherlands (2029), Denmark … [Read more...]

Filed Under: Energy, Hydrogen Tagged With: australia, Canada, Chile, China, Colombia, Denmark, electrolysers, France, Germany, Greece, hydrogen, Italy, Japan, Morocco, Namibia, Netherlands, pathways, Peru, Romania, Russia, scenarios, SouthAfrica, spain, Sweden, transition, turkey, UAE, UK, Ukraine, Uruguay, US, Uzbekistan

Concern over auto job losses as Europe transitions to EVs

October 22, 2021 by Benjamin Wehrmann and Sören Amelang

The state premier of Lower Saxony, home of Volkswagen, says he would not tolerate a large-scale reduction in staff at Germany’s largest carmaker. There is talk of axing 30,000 VW jobs nationwide, though messages have been mixed. Benjamin Wehrmann and Sören Amelang at Clean Energy Wire look at the latest news, then summarise the implications of the EV transition for the auto industry across Europe. Highlights include the observation that a Tesla … [Read more...]

Filed Under: Energy, Transport and energy Tagged With: Czech Republic, EU, EVs, France, Germany, Hungary, Italy, jobs, Poland, Romania, spain, suppliers, Tesla, transport, UK, VW

Central and Eastern Europe’s buildings renovation plans fall far short of 55% emissions cuts

July 16, 2021 by Christophe Jost

There are big decarbonisation gains to be had in a renovation wave in Central and Eastern Europe (CEE) precisely because their building stock is very energy-inefficient, explains Christophe Jost at CEE Bankwatch. But Bankwatch's report on eight national plans - Bulgaria, Czechia, Estonia, Hungary, Latvia, Poland, Romania and Slovakia – reveals weaknesses in scale, funding, strategy and policy. Many are planning to comply with only the former 40% … [Read more...]

Filed Under: Buildings, Energy Tagged With: buildings, Bulgaria, CEE, Czechia, efficiency, Estonia, EU, FitFor55, funding, heating, Hungary, Latvia, Poland, renovation, Romania, Slovakia

EU Buildings Renovations: get ready for minimum energy performance standards (MEPS)

February 23, 2021 by Louise Sunderland

To meet Europe’s 2030 climate targets the buildings sector must cut its emissions by 60%. That means annual renovations need to jump by an order of magnitude; at the moment it’s crawling at 1% per year. Worse, standard renovations save very little energy, just 9% in homes and 16% in commercial buildings. It’s the deep renovations that cut energy by 60% or more, but that’s only happening to under 0.3% of the stock. Louise Sunderland at RAP … [Read more...]

Filed Under: Buildings, Energy Tagged With: buildings, commercial, CzechRepublic, efficiency, EU, GreenDeal, MEPS, Netherlands, Poland, recovery, renovations, residential, Romania

Coal regions are ideally suited for utility-scale Wind, Solar and jobs

December 14, 2020 by Elif Gündüzyeli and Jörg Mühlenhoff

Over 15% of total greenhouse gas emissions in the EU come from coal-fired energy generation. 18 EU countries still use coal for electricity production. The argument goes that the phasing out of coal threatens the livelihoods of coal workers and their regional economy. But it should be the opposite, argue Elif Gündüzyeli and Jörg Mühlenhoff at CAN Europe. Coal regions are ideally suited for new gigawatt-scale wind and solar. They already have the … [Read more...]

Filed Under: Energy, Oil, Gas & Coal, Renewables Tagged With: coal, electricity, Germany, infrastructure, jobs, JustTransition, Poland, Romania, rooftopsolar, solar, spain, wind

Europe’s 55% emissions cut by 2030: proposed target means even faster coal exit

October 5, 2020 by Sören Amelang, Kerstine Appunn and Julian Wettengel

The EC is proposing a target emissions reduction of 55% by 2030 compared to 1990 levels, instead of the previously agreed 40% (which the EU is on course to surpass). The main tool for achieving it will be the EU Emissions Trading System (ETS). Prices for allowances will rise, making coal increasingly uncompetitive. Sören Amelang, Kerstine Appunn and Julian Wettengel at CLEW talked to a number of experts who say the new target implies a near total … [Read more...]

Filed Under: Energy, Oil, Gas & Coal, Policies Tagged With: Bulgaria, coal, CoalExit, CzechRepublic, EC, emissions, ETS, gas, Germany, oil, Poland, renewables, Romania

The EU can support Central and East Europe’s transition

February 5, 2020 by Felix Heilmann, Rebekka Popp and Ada Ámon

Six Central and East European nations, heavily dependent on coal, have been very cautious about the pace of the EU’s transition. For them - Bulgaria, Czechia, Hungary, Poland, Romania and Slovakia - the political and economic disruption looks far harder to bear. E3G has just released a report that suggests this picture can change. The report’s authors – Felix Heilmann, Rebekka Popp and Ada Ámon – explain that coal is becoming less profitable, … [Read more...]

Filed Under: Energy, Policies Tagged With: Bulgaria, coal, Czechia, EU, gas, GreenDeal, grids, Hungary, JustTransition, Nuclear, Poland, renewables, Romania, Russia, Slovakia

EU policing of Member State gas plans not consistent

September 27, 2019 by Elisa Giannelli

Elisa Giannelli at E3G explains why the European Commission’s assessment of Member States’ natural gas plans is not consistent, on three fronts. Firstly, with its own EU climate targets: many nations are planning to increase their consumption of and investment in gas regardless of EU-wide targets to cut emissions. Secondly, the Commission is critical of some of these nations but actually supportive of others. Thirdly, even the EU’s own policies … [Read more...]

Filed Under: Energy, Oil, Gas & Coal Tagged With: Bulgaria, emissions, EU, EuropeanCommission, EuropeanGreenDeal, gas, Germany, GreenNewDeal, Italy, LNG, NECP, Paris2050, Poland, policy, Romania

Small Modular Reactors: interview with NuScale’s Jose Reyes

June 10, 2019 by Dan Yurman

Dan Yurman has interviewed the co-founder and Chief Technology Officer of NuScale Power, Jose Reyes. NuScale designs and markets small modular reactors (SMRs). Its NuScale Power Module can generate 60 MW: small units, alone or combined, can suit a far wider range of energy demand than standard reactors that deliver hundreds of MWs at a minimum. The comprehensive interview covers international and U.S. developments, including plans to commence … [Read more...]

Filed Under: Energy, Nuclear Tagged With: Canada, jobs, Jordan, Nuclear, NuScale, Romania, SMR, UAMPS, UK, US

Small nations have big plans for nuclear energy

April 4, 2019 by Dan Yurman

Dan Yurman looks at how small nations are trying to increase their nuclear supply. Romania has the US and China both pitching for business. The Czech Republic is still vague about giving electricity price guarantees, something that caused the collapse of a $25bn nuclear tender in 2014. Ukraine looks at Small Modular Reactors. The author starts with the Baltics – net importers of electricity – and Estonia’s ambition to redress that balance using … [Read more...]

Filed Under: Energy, Nuclear Tagged With: baltics, Czech, Estonia, Holtec, Moltex, Nuclear, NuScale, Romania, Ukraine

Most read this week

  • Make Hydrogen in developing nations: share prosperity while meeting our climate goals by Dolf Gielen | posted on January 26, 2023
  • Utah: 140MW Geothermal bid can beat the cost and performance of the proposed Nuclear SMR by Dennis Wamsted | posted on January 27, 2023
  • Biofuel is approaching a feedstock crunch. How bad? And what must be done? by IEA | posted on January 23, 2023
  • 10 Carbon Capture methods compared: costs, scalability, permanence, cleanness by Ella Adlen | posted on November 11, 2019
  • Concrete: 8% of global emissions and rising. Which innovations can achieve net zero by 2050? by Ben Skinner | posted on January 24, 2023
  • Can Aluminium-air batteries outperform Li-ion for EVs? by Helena Uhde | posted on September 8, 2021
  • EU ETS and CBAM: what the big update to emissions trading rules means for Europe’s key sectors by Simon Göss | posted on January 16, 2023
  • Micro-nuclear reactors: up to 20MW, portable, safer by Christina Nunez | posted on April 22, 2021
  • EU Energy Outlook to 2060: how will power prices and revenues develop for wind, solar, gas, hydrogen + more by Alex Schmitt | posted on December 6, 2022
  • Smart Glasses: experts can monitor and advise on power plant inspections anywhere in the world by Christoph Gatzen | posted on January 25, 2023
  • Gravity Batteries: any nation can do it at scale using rocks by Simon Read | posted on July 27, 2022
  • What’s best for Hydrogen transport: ammonia, liquid hydrogen, LOHC or pipelines? by Herib Blanco | posted on May 5, 2022
  • Hydrogen production in 2050: how much water will 74EJ need? by Herib Blanco | posted on July 22, 2021
  • Why hydrogen fuel cell cars are not competitive — from a hydrogen fuel cell expert by Zachary Shahan | posted on June 17, 2016
  • The 10 big problems with simply replacing fossil cars with electric by Schalk Cloete | posted on December 6, 2021
  • Europe needs a Regional Green Bank to fulfil its Green Deal and match the U.S. by Esmeralda Colombo | posted on January 20, 2023
  • How to sell Heat Pumps to the public in Europe by Helena Uhde | posted on January 19, 2023
  • The U.S. should support the EU’s Carbon Border Adjustment Mechanism (CBAM) by Joseph Majkut | posted on January 30, 2023
  • Critical Raw Materials for the energy transition: Europe must start mining again by Frank Umbach | posted on January 10, 2022
  • 2023 lookahead for Sustainable Finance: EU Taxonomy, ESG ratings, corporate disclosure laws, Europe’s “IRA” by Luca Bonaccorsi | posted on January 12, 2023

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      Recent Posts

      Wind (and Solar) need their own Financial Transmission Rights to hedge their unique congestion risks

      The U.S. should support the EU’s Carbon Border Adjustment Mechanism (CBAM)

      Utah: 140MW Geothermal bid can beat the cost and performance of the proposed Nuclear SMR

      Make Hydrogen in developing nations: share prosperity while meeting our climate goals

      Smart Glasses: experts can monitor and advise on power plant inspections anywhere in the world

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