While the U.S. Congress debates whether backing the transition is a winning strategy, the energy sector is clearly showing the nation’s direction of travel. Dennis Wamsted and Seth Feaster at IEEFA look at the impressive growth of the clean energy champions, wind and solar. Since 2019, wind and utility-scale solar generation has risen by 76 TWh — a 31% increase — while coal and gas has fallen by 1.6%. By 2026, wind and utility-scale solar will … [Read more...]
Energy professionals: do you understand how the media works?
We energy professionals spend most of our time talking to each other. But, more than ever, climate change and the energy transition are headline news. That’s not just in the mainstream media but also within our industry journals and the policy-maker press. So, we need to understand how the media works. More specifically for many, we need to know how to handle our PR providers. Sean Crowley says it’s up to us to work more effectively with the … [Read more...]
Will Norway’s new government consider phasing out oil and gas?
A Labour-led left coalition won the Norwegian elections in September. The Socialist Left Party looks keen to limit new oil and gas exploration and production. The dominant Labour Party and the Center party, much less so. Still, it could be the moment when Norway starts to put the climate above its oil and gas policy, explains Silje Lundberg at Oil Change International. Until now – left or right - it’s definitely been the other way around. The … [Read more...]
The Energy Charter Treaty needs updating, but remains a valuable tool for the transition
Last Thursday we published this critique of the Energy Charter Treaty (ECT). Created in the 1990s, the ECT was designed to protect cross-border energy investments from political risk. Critics now say it is being used to protect fossil fuel investments in a world committed to phasing them out. Today, Andrei Belyi of energy consulting firm Balesene OU and Adjunct Professor in Energy Law and Policy at the University of Eastern Finland, who was named … [Read more...]
NDC reporting: making the Paris Agreement Transparency Framework work
For the system of Nationally Determined Contributions (NDCs) to be effective, every country’s reporting processes need to be appropriate to their economic level, honest and accurate. That means the Paris Agreement’s Transparency Framework, including the Common Reporting Tables (CRT) for greenhouse gas inventories, and Common Tabular Formats (CTF) to track progress on their NDCs, needs to be finalised and agreed upon, and fast, says the IDDRI’s … [Read more...]
EU plans first satellite fleet to monitor CO2 in every country
The speed and policies required for a successful transition depend on our ability to measure emissions accurately and globally. That’s why Europe is readying a new fleet of three satellites to monitor CO2 emissions at every point on earth, creating the first worldwide system capable of measuring at city and even power plant level in close to real time, reports Karl Mathiesen at Climate Home News. It will mean, for example, a city can measure how … [Read more...]
UK oil & gas keeps rising. Clean Energy blueprint can reverse it
In the UK the ÂŁ2.3bn (=$2.9bn / €2.6bn) in new oil and gas subsidies introduced since 2014 will state-fund the addition of twice as much carbon as its coal phaseout saves, says a new report “Sea Change: Climate Emergency, Jobs and Managing the Phase-out of UK Oil and Gas Extraction”. Can the UK call itself a climate leader if its existing policies push it over its emissions limits? It can, if you consider this: the UK took 16 years to become the … [Read more...]
36bn GWh: the “limitless” Geothermal from old UK coal mines
The Earth gets hotter by 2.5C to 3.5C with each 100m depth. It’s what makes geothermal energy possible, anywhere. In the UK geothermal could meet the nation’s heat demands for at least 100 years, say Jon Gluyas, Andrew Crossland and Charlotte Adams of the Durham Energy Institute. Properly managed it could last indefinitely. Given that heat does not travel well, geothermal must be developed locally. Fortunately, accessible heat lies beneath or … [Read more...]
There’s a limit to raising CO2 taxes. Re-focus on energy innovations to reverse emissions
Stop obsessing about raising CO2 taxes, says Severin Borenstein at the Energy Institute at Haas. It’s good, but not enough. Why? Textbook economics says if you tax something bad, innovators are incentivised and rewarded for coming up with something better. That’s true for cigarettes (vaping), plastic wrapping (recyclables, biodegradables), traffic (public transport). But there’s a limit with CO2 taxes, says the author. In developing countries … [Read more...]
Less politically centralised, can the EU remain a transition leader?
As a region the EU is a transition leader. Its primary energy consumption increased by only 0.2% in 2018 (globally it rose by 2.6%) and its CO2 emissions dropped by 1.7% (globally, up 1.7%). But the EU’s move towards greater “subsidiarity” and devolution of power, to counterbalance too much centralisation, has made it harder for the EU to act quickly and act big, says Lucien Chabason, Senior Advisor at the IDDRI. One example: how easily can … [Read more...]
UK: Despite progress, 100% low-carbon is still a long way off
The UK transition is often cited as a success story. Coal’s contribution has dropped from 40% to 6%. Wind, solar and hydroelectric now generates more electricity than nuclear. Demand for electricity has also fallen. The carbon intensity of Britain’s electricity has almost halved, from over 500g of COâ‚‚ per kilowatt-hour in 2006 to under 270g in 2018. The National Grid now expects to be able to operate a zero-carbon electricity system by 2025. But … [Read more...]
Should electric vehicle drivers pay a mileage tax?
In the U.S., EV drivers don’t pay tax when they buy gasoline. That means EVs have reduced U.S. gasoline tax revenues by $250m annually. It’s only 1% of the total, but that’s because EVs are less than 1% of the vehicle stock. Clearly, as EV numbers increase, so will that lost revenue. As a result, several states are considering imposing a mileage tax on electric vehicle drivers to make up for it. And why not?! EVs are not carbon-zero (most … [Read more...]
“Responsible” ESG investments hit $20tn, a quarter of the world’s professionally managed total
ESG (Environmental, Social and Governance) factors measure the sustainability and ethical impact of an investment. ESG includes the energy sector, and the amounts spent show it’s no longer just an ethical choice, says The Rocky Mountain Institute’s Todd Zeranski. It doesn’t just save the planet, it saves our pensions. Why? From regulatory penalties to the cost of climate clean-up, fossil fuel investments are getting too risky and expensive. Those … [Read more...]
Competitive battery storage: InnoEnergy doubles prize to accelerate start-ups entry to market
Utilities and other investors are putting more funds than ever into a battery storage market worth an estimated $250 billion. Right on cue, European clean energy innovation engine InnoEnergy announced a global call for storage entrepreneurs. Their €100,000 first prize meant applications from a diverse range of start-ups flooded in. But which of these should be fast-tracked into this competitive market? At a special event which highlighted a … [Read more...]
We need to trace the real fossil fuel users, not just the “end consumers”
Climate-consciousness is rising among ordinary citizens. But most fossil fuels are consumed by large technological systems (electricity networks, urban transport systems, built environments, industrial and agricultural systems), not by individuals. Simon Pirani says we need to trace that consumption to its true source, and thereby put the pressure directly on them to transition. It’s not simple: even the IEA admits it loses track of who is … [Read more...]
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