Combine the current energy crisis with the geopolitical ambitions of Russia and China, and you have your reason for why the U.S. and its allies should prioritise nuclear, argues Robert Ichord at the Atlantic Council. All three nations have well-developed world-leading nuclear sectors. But it’s Russia that has been the largest exporter of nuclear reactors to the world market. Meanwhile, China has the most plants under construction at twenty. The … [Read more...]
Global Wind Speeds: are they falling due to climate change?
Last year, Europe experienced a “wind drought”, with wind speeds falling 15% in many regions, sometimes more. Deeper research shows speeds dropped gradually between 1978 and 2010, though rose again in the last decade. It’s difficult for the science to create a clear picture and predict long term trends. But the IPCC forecasts slowing winds for the coming decades, saying average annual wind speeds could drop by up to 10% by 2100. Jim Robbins at … [Read more...]
Industrial Policy: China’s always had it, the U.S. has rediscovered it, the EU now needs it too
China’s performance – both in and outside the energy sector – has always been driven by wide-reaching industrial policy. In the last few decades it has consistently delivered results. Meanwhile, the U.S. has kept shifting up the gears of its pro-U.S. interventionist industrial policy since Donald Trump: though socially right wing, he was a protectionist president whose ambition was to boost domestic industries. Today, president Biden’s “Inflation … [Read more...]
New U.S. study: damage per ton of CO2 costs $185, not the official $51
Maximilian Auffhammer at the Energy Institute at Haas reviews a new paper that suggests CO2 causes over three times as much damage in dollar terms as the figure currently used by the US government, $51 per ton. The new study shows $185 per ton of CO2 as the Social Cost of Carbon (SCC). The updated model is superior to previous models, says Auffhammer. It’s also open source, so anyone can use it, criticise it, and tweak the numbers to get … [Read more...]
New U.S. ‘Buy Clean’ plan earmarks billions for low-carbon cement, steel and other building materials
New guidance from the U.S. federal government, combined with historic Inflation Reduction Act investments, could turbocharge markets for low-carbon cement, steel, and other building materials. Victor Olgyay, Anish Tilak and Connor Usry at Rocky Mountain Institute explain how the new “Buy Clean” recommendations will mean the procurement of green building materials for federal building and transportation projects. That will lead to a boost in … [Read more...]
Buildings Renovation: city-wide comprehensive data management tools to transform each building
In the U.S. the National Renewable Energy Laboratory (NREL) and Lawrence Berkeley National Laboratory have created a free-to-use (and develop) online data management tool – called SEED - that allows whole cities to collect details on thousands of buildings and use them to assess energy wastage at the single building level. Molly Rettig at NREL explains that hundreds of data points can be collected for each building. The tools, along with … [Read more...]
Is a Carbon Tax the best way to decarbonise the Grid?
Severin Borenstein at the Energy Institute at Haas and Ryan Kellogg at the University of Chicago question whether carbon pricing is the best way to decarbonise the electricity grid. The authors did an empirical analysis of all of the fossil plants in the US. It shows that a CES (clean electricity standard) or zero-emissions subsidies would close down fossil plants in almost the same order as a carbon tax. So using alternative policy tools can … [Read more...]
“GETs”: cheap ways for Grids to double Wind & Solar integration and help battle global inflation
Accelerating the clean energy transition can tackle the inflation crisis, not just save the climate, explain Russell Mendell, Mathias Einberger and Katie Siegner at Rocky Mountain Institute. Rising energy costs are driving current global inflation. So now is the perfect time to drive through low-hanging-fruit ways to increase wind and solar generation and storage. In the U.S. interconnection queues – the pipeline of clean generation projects … [Read more...]
Hydrogen project pipelines need new ways of matchmaking investors and developers
What is required to catalyse private investment in the new hydrogen economy? Isabelle Huber at the Center for Strategic and International Studies has looked at a European Investment Bank survey of hydrogen investors in the EU to find some answers. One obvious challenge is the cost of moving to hydrogen. An example of dealing with this is Germany’s H2Global mechanism which uses government funds to bridge the gap. But another major problem … [Read more...]
EVs vs Biofuels: new study looks at ethanol’s impact on agricultural land use, food prices, emissions
For transport, biofuels have lower emissions than gasoline/petrol, but EVs will have the lowest emissions of all. Hence the opposition to those biofuels, along with objections to the valuable cropland used to make the ethanol. But the overall advantage depends on the speed of transition to EVs charged with clean electricity. Now, a calculation has been made of the amount of agricultural land preserved for global food production - or kept as … [Read more...]
Energy security concerns are building momentum for Nuclear
The IEA’s latest report on nuclear power recommends a doubling of capacity by 2050. It emphasises that, though many advanced economies are planning a decline, 32 nations have nuclear today and reactors are now under construction in 19 countries. It’s evidence of a momentum behind nuclear power that should be further stimulated by recent spikes in oil, gas and electricity prices, says the IEA. Russia and China remain nuclear advocates, which … [Read more...]
If Russia cuts off its gas supply can we achieve EU storage targets for winter?
Calvin Triems at Energy Brainpool summarises their analysis of whether and how Europe can achieve its storage targets for 2022. There are four scenarios: “Base Case”; “Nordstream@40%” where there’s no change to Russia’s mid-June gas flow cut to 40%; “Nordstream@40% + No Freeport” where the unexpected fire in early June at the U.S. Freeport LNG terminal remains unresolved for months; “Nordstream@0% + No Freeport” where Russia cuts off supply … [Read more...]
Will price caps on Russian oil work? Three experts debate
Whatever the G7 does, the objective is to cut revenues flowing into Russia, not oil flowing out. And whatever the sanctions, getting compliance from neutral and pro-Russian countries will need a strong positive incentive. Hence the idea of a price cap which would keep prices low. Here, three experts – Edward Fishman and Brian O’Toole at the Atlantic Council, and Mark Mozur at S&P Global Commodity Insights (with background by Atlantic … [Read more...]
Imposing a $50/barrel tariff on Russian oil is the best sanction
Is there a way to impose sanctions on Russia that cuts its revenues without causing fossil fuel prices to balloon? The current strategy has seen oil prices rise to $120/barrel by mid-June, so although volumes are down Russia has seen no reduction in revenues. In other words, it has not achieved its objective, says Edward Chow at the Center for Strategic and International Studies. Instead, he argues for imposing a big import tariff – like … [Read more...]
The Mining industry should simultaneously be testing for Geothermal potential
In Nevada alone, the mining industry drills over 2,000 exploration holes per year. They do so to the depths needed to also verify whether the location is suitable for geothermal energy, so it makes sense for them to assess suitability not just for minerals but for geothermal, explains Ryan Horns writing for NREL. Leveraging that data, knowledge, and expertise will expand the geothermal exploration workforce, increase the rate of geothermal … [Read more...]
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