New York State should be leading the offshore wind ambitions of the U.S. The region enjoys high capacity factors for offshore wind, especially during the peak winter heating season. And New York is used to being a leader in so many things. Thatâs why it put its climate reputation at risk in October when the state government announced it would not renegotiate contracts with offshore wind providers Ărsted, Equinor and BP, explains Joseph Webster at … [Read more...]
Most âsector leaderâ German DAX firms will miss the Paris target
By how much would the earth warm up by 2050 if every company were to operate as emissions-intensively as yours does today? Itâs a fascinating way to measure whether you are doing enough, or whether you are leaving the hard work to someone else. The fintech "right. based on science" has created a model that tries to answer these questions. They have used it on the 30 companies listed on the German DAX index by calculating the future emissions of … [Read more...]
IEEFA Germany: RWEâs coal phaseout compensation demands defy market prices
How much should the coal producers be compensated for Germanyâs phaseout? RWE wants âŹ1.2bn per GW at least, basing its maths on an EU-approved scheme from 2015. But Gerard Wynn, writing for IEEFA, says too much has changed since then, not least the Paris Agreement and the actual market price for coal assets. By his calculations, the true price should be under âŹ100m per GW down to near zero. Vattenfall and Engie have already taken such a hit. … [Read more...]
Energy majors grab blockchain “multi, multi-billion dollar opportunity”
Blockchain is being used to optimise performance across the board where wholesale digitalisation of trading processes, asset management and demand response is standard. Its adoption by sector operators is clearly visible but is everyone jumping on an untested bandwagon for fear of missing out or will its wide range of possible applications help deliver a leaner industry resulting in reduced costs and a more efficient transition? Gaurav Sharma … [Read more...]
RWEâs lignite: between a rock and a hard place
The power giant RWE has faced fierce opposition to its plans for expanded lignite mining in Hambach forest, Germany. But as energy expert Gerard Wynn writes, a new report from the Institute for Energy Economics and Financial Analysis suggests there could be four more significant reasons for RWE to renounce its commitment to coal. Courtesy of Energy and Carbon. … [Read more...]