The new EON, the new Johannes Teyssen: “The future is state-led renewables, stop dreaming of perfect Energy Union and Emission Trading System”

Johannes Teyssen (photo Eon)

In one of his first in-depth interviews since the restructuring of EON, CEO Johannes Teyssen sets out a completely new vision of where he sees European energy markets and policies going. The future according to Teyssen is: distribution much more than transmission; state-led renewables auctions and capacity markets, not wholesale energy-only markets; carbon taxes or floor prices, not carbon trading or emission trading; higher energy efficiency … [Read more...]

New data show: China stokes global coal power growth

coal power plant in Henan Province China photo V.T. Polywoda slider

China cuts coal at home but new data show that Chinese state owned companies and banks drive new coal expansion overseas, despite top level promises of green growth for developing countries, writes Beth Walker for China Dialogue. Article courtesy of China Dialogue. … [Read more...]

Brexit: an opportunity to rethink UK carbon pricing

(photo Kedara)

The UK’s exit from the European Union will make changes to UK carbon pricing unavoidable. Steven Sorrell,Professor of Energy Policy at the University of Sussex and member of the Sussex Energy Group (SEG), discusses the options and argues that a broad-based domestic carbon tax could be the best way forward for UK climate policy. … [Read more...]

The economic and moral bankruptcy of UK energy policy

fracking protest (photo Beth Granter)

With its choice for Hinkley Point C - a £100 billion boondoggle – its enthusiastic support for expensive and environmentally harmful fracking, and its relentless attack on renewable energy, the UK government’s energy policy is both morally and economically bankrupt, write Peter Strachan, Professor of Energy Policy at the Robert Gordon University, and Alex Russell, Professor and Chair of the Oil Industry Finance Committee. Westminster must … [Read more...]

Chinese national oil companies: giants built on shaky foundations

Sinopec headquarters Beijing (photo Remko Tanis)

Chinese state-owned enterprises, China’s national oil companies foremost among them, have incurred phenomenal debts – higher than the country’s total GDP. So far they have been bailed out by the government, but this just shifts the problem one level up,  to China Inc as a whole, writes geophysicist  (ex-Shell) Jilles van den Beukel. Van den Beukel explains how China’s national oil companies Sinopec, CNPC and CNOOC got into this fix and why the … [Read more...]

Will Trumpism, Brexit, and geopolitical exceptionalism sink the planet? 

Secretary-General Ban Ki-moon and Sultan Ahmed Al Jaber Climate Change Envoy of the UAE (photo UN)

The future pace of climate change will be determined as much by geopolitical factors as by technological developments in the energy sector, writes energy expert and author Michael T. Klare. While immense progress is being made in bringing down the price of wind and solar power, the political will to turn such developments into meaningful global change may be diminishing. Article courtesy of Tomdispatch.com. … [Read more...]

South Africa’s rapid energy transition derails its giant nuclear and coal projects

Gouda wind farm South Africa (photo Discott)

South Africa shows how quick an energy transition can be. In four years, the country’s renewable energy program has mushroomed, while the building of coal power stations and the planning of a $50-$100 billion nuclear power project have come to a grinding halt. Recent events, however, have raised some uncertainty for renewables, writes South African based science writer Leonie Joubert. Article courtesy of the Energy Transition blog. … [Read more...]