While governments urgently rethink their gas policies, Christina Ng and Sam Reynolds at IEEFA summarise the evidence against the claim that gas and LNG can be green and have a sound economic future. Firstly, most measurements of emissions do not include the full life-cycle of production. For LNG that includes extraction, transport, liquefaction, and re-gasification. They point at studies that say it can be almost as much as the emissions produced … [Read more...]
EU Taxonomy: labelling Gas “green” is a gift to Putin
Many of today’s clean energy technologies were given their first boost in the wake of the 1973 oil crisis, explains William Todts at T&E. He now hopes the current confrontation between NATO and Russia over Ukraine will shake up and deepen Europe’s commitment to the energy transition. But entirely the wrong signal was sent over the New Year, says Todts. He describes the European Commission’s inclusion of gas in the EU Taxonomy for sustainable … [Read more...]
EU Taxonomy: why nations are backing Nuclear and Gas
The heated debates over the potential inclusion of nuclear power and natural gas in the EU taxonomy has again exposed the different interests of EU nations. Simon Göss at cr.hub, writing for Energy Brainpool, explains what parameters the EU taxonomy controls, what conditions are attached should the two technologies be classified as sustainable, as well as summarising those national interests and constraints. Critics say neither should be … [Read more...]
Green Finance standards: the EU Taxonomy and China’s “Catalogue”
The EU Taxonomy was published in June 2020. It is the first official document to define and classify what is a truly sustainable economic activity in Europe. Six months later China’s regulators published their own version, a new edition of the China Green Bond Endorsed Project Catalogue (the Catalogue). Both documents will act as important standards for green finance institutions and investors in Europe and China. They are intended to improve … [Read more...]
Sustainably harvested Forest Biomass can help replace coal and gas
Burning sustainably harvested wood pellets emits far less carbon than burning coal or gas. That’s the main reason why it should be used in the global energy transition, argues Jennifer Jenkins at Enviva. Coal is declining, but not fast enough. Gas consumption is rising. Forest biomass can more easily be swapped in than wind and solar to provide dispatchable power. But it must be done sustainably. Referencing her white paper, Jenkins sets out the … [Read more...]
EU-India cooperation: how to tap the large potential for climate action
India is the world’s fifth largest economy, the second most populous, and over the next few decades is expected to see energy demand grow more than any other country. Ritu Ahuja and Mekhala Sastry at TERI, Abhishek Kaushik at the Centre for Global Environment Research, and Alexandra Deprez and Lola Vallejo at IDDRI look at India’s challenges and which areas show the most potential for partnership with the EU. They focus on five themes: energy, … [Read more...]
EU Taxonomy: Gas as a transition fuel needs Green Deal support too
PGE Group is Poland's largest energy company. Its transformation plan targets a 50% share from renewable generation and an 85% reduction in CO2 emissions by 2030. By 2050 it intends to have net zero CO2 emissions and provide 100% green energy to its customers. As with all nations around the world, and certainly in the EU, successful transitions depend on capital flows to the right sectors, signposted by policies and support. What does and does … [Read more...]
Recent Comments