Stark predictions around the unprecedented economic challenges facing Europe (and the world) are starting to take shape. The possible solutions must keep pace with them. Here, Marc-Antoine Eyl-Mazzega at the IFRI Centre for Energy & Climate lays out those challenges and robust policy answers that can keep us on a net-zero emissions track while stimulating economies, creating jobs, and maintaining social justice. It’s no surprise that there is … [Read more...]
Utilities can help their central banks, “loaning” electricity during the slump
The coronavirus slump is forcing governments around the world to inject large amounts of cash into the hands of consumers and businesses, until this is all over. In the U.S. it’s $2tn. Catherine Wolfram at the Haas School of Business suggests a way to cut that bill, easing the pressure on central bankers. Utilities (electricity, water, gas) should allow customers to defer payment (instead of using valuable bailout money to pay the utilities). The … [Read more...]
200 – 400 Nuclear reactors to be decommissioned by 2040
Denis Iurchak has taken a close look at nuclear decommissioning. Globally, 447 nuclear reactors are in operation as of January 2020. Of those, nearly 70% are older than 30 years (25% are older than 40 years). The IEA says around 200 commercial reactors are to be shut down in the next two decades. On top of that, 182 reactors are already in permanent shutdown. This means that between 200 and 400 reactors are likely to be decommissioned by 2040, … [Read more...]
Rising green taxes: making them acceptable to all
Environmental taxes hurt low-income households the most because they spend a much higher proportion of their income on heating oil, natural gas, and electricity. It’s why Spain has low green taxes, far below the EU average. Mark Dwortzan at MIT explains how researchers from the U.S., Germany and Spain teamed up to show that low-income households can benefit from environmental taxes provided those tax revenues are carefully redistributed in their … [Read more...]
Flexible renewable power: Spain to triple solar thermal capacity by 2030
Sunny Southern Europe will become increasingly connected to its Central and Northern European neighbours with the ongoing development of cross border interconnectors. This is one of the crucial factors behind Spain’s decision to include an additional 5 GW capacity from STE/CSP plants in its Integrated National Energy and Climate plan (NECP). Complete with inherent storage capabilities, STE can provide flexible, dispatchable power supply at … [Read more...]
Wind build-out: convergence of process and permitting rules needed to promote certainty for investors
Two weeks ago, Energy Post reported on permitting and legal barriers to the development of onshore wind capacity in Germany. In this follow-up analysis, Mike Scott identifies similar obstacles in key regions as well as some clear success stories. To complete the picture, he spoke with WindEurope and Vattenvall to get their views on the way forward for the industry and investors across the EU. … [Read more...]
Corporate PPAs: renewables-rush as governments step back
Costs of developing clean energy capacity are falling and the industry is moving from being supported mainly by state subsidies to a more commercial footing where projects are supported by corporate backing, with EU, national or regional targets providing a foundation for the market. The US sportswear giant Nike has signed its first power purchase agreement (PPA) for renewable power in Europe, committing to buy 40MW of wind power from a 111MW … [Read more...]
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