While the amount of electricity generated from coal has declined for two years in a row, and utilisation rates of coal power plants have been going down, energy companies continue to build new coal-fired generating plants “at a rapid pace, creating an increasingly severe capacity bubble”, according a new report based on the Global Coal Plant Tracker published by the NGO’s CoalSwarm, Sierra Club and Greenpeace. Worldwide the equivalent of 1500 … [Read more...]
Wind and solar’s Achilles heel: what the methane meltdown at Porter Ranch means for the energy transition
Utitlity-scale wind and solar power are typically backed up on-site by gas peakers, or backed up indirectly by gas-fired power plants. These gas plants lead to significant greenhouse gas emissions in the form of methane. So at what point does a renewable-plus-gas combination become worse for the climate than coal-fired power? Mike Conley and Tim Maloney, long-time members of the Thorium Energy Alliance, have calculated what they call a “Worth-It … [Read more...]
Injecting energy into the agenda of trade negotiators
Barriers to trade and investment in energy goods and services, long neglected, are starting to  be addressed by trade negotiators in the World Trade Organisation and outside of it. The process of integrating the energy dimension to trade policy is however still in its infancy. An upcoming report from the World Energy Council aims to offer trade officials a policy agenda. Iana Dreyer, editor of Borderlex.eu, a newsletter specialised in EU trade … [Read more...]
Why the EU’s electricity market redesign misses the mark
To address the crisis in the EU power sector, the European Commission has embarked on a fundamental reform process – the Market Design Initiative. However, according to Michael Hogan, Senior Advisor at the Regulatory Assistance Project (RAP), the problem with the EU power sector today is not so much market design as a glut of old, inflexible baseload generation. … [Read more...]
The world’s biggest oil bribery scandal
Last week, a sweeping investigative report published by The Huffington Post and Fairfax Media put a little known Monaco-based company, Unaoil, at the center of a wide-ranging bribery scandal that involved dozens of corporate giants from around the world. Nick Cunningham of Oilprice.com tells the story. … [Read more...]
Jeroen van der Veer, ex-CEO Shell, Chairman ING: “Moving away from fossil fuels presents great opportunities for oil companies”
“The energy transition presents great opportunities for oil and gas companies to develop new forms of energy and gradually move away from fossil fuels”, says Jeroen van der Veer, former CEO and Chairman of Shell in an exclusive interview for World Energy Focus, a monthly publication of the World Energy Council produced by Energy Post. But the former Shell boss rejects the idea that the oil companies are in danger of ending up with large “stranded … [Read more...]
A Fukushima on the Hudson?
Entergy’s Indian Point nuclear power plant, located just 30 miles from Manhattan, has long been a cause for public concern. A major accident at this plant could make the entire area of New York City uninhabitable. Now a new high-pressure natural gas pipeline will be built within 105 feet of critical structures of the plant. Journalists Ellen Cantarow and Alison Rose Levy believe the authorities should take action. Courtesy of Tomdispatch. … [Read more...]
Is Belgium’s nuclear security up to scratch?
In recent months a series of unusual and suspicious occurrences have taken place in and around nuclear power facilities in Belgium, some of them involving individuals linked to Islamic State (IS), write Robert J Downes and Daniel Salisbury, researchers at the Centre for Science and Security Studies (CSSS), King’s College London. According to Downes and Salisbury, there are doubts whether Belgian authorities are taking the threat to their nuclear … [Read more...]
National climate policies undermine European Emissions Trading Scheme
National subsidies and other forms of support for renewable energy and energy efficiency have seriously undermined the functioning of the EU’s Emissions Trading Scheme (EU ETS), writes Arnold Mulder of the University of Groningen. His PhD research, supervised by professors Catrinus Jepma, Steven Brakman and Erik Dietzenbacher, shows that current efforts to reform the system and increase CO2 allowance prices will not work if this adverse policy … [Read more...]
The hypocrisy of French shale gas policy: France bans, imports and profits from shale
France has issued a radical ban on the exploitation of shale gas. Yet French companies ENGIE, in which the State has a large share, and EDF, which is 75% state-owned, will soon import and handsomely profit from shale gas imported from the United States, notes UK-based shale gas expert Nick Grealy. This is like banning sweatshops but importing cheap clothes made by child labour, says Grealy. … [Read more...]
The end of coal: good riddance or dangerous gamble?
Scotland has become the first part of the UK to stop burning coal to supply electricity following the closure of Longannet, its largest power station, on March 24. According to Paul Younger, Professor of Energy Engineering at University of Glasgow, the closure of coal-fired power plants in the UK may lead to serious problems with voltage control. Prepare for power interruptions and flickering lights. … [Read more...]
European dash for gas at odds with climate ambitions
European energy and European climate policies, although often portrayed as being two sides of the same coin, are still not sufficiently harmonised, writes Stefan Bößner, Research Fellow at the Stockholm Environment Institute. The EU’s new LNG and gas storage strategy serves as a prime  example where EU energy security concerns work against climate protection efforts. The strategy is likely to lead to costly investments into infrastructure which … [Read more...]
Wake up call for oil companies: electric vehicles will deflate oil demand
The major oil companies greatly underestimate the impact electric vehicles will have on their market, write independent energy advisors Salman Ghouri and Andreas de Vries. According to Ghouri and De Vries, the trends currently underway in the auto industry are likely to have a substantial impact on oil demand in the medium term, and even a devastating impact in the longer term. … [Read more...]
The oilman who loved dictators – or: how Texaco supported Fascism
Author Adam Hochschild tells the forgotten story of how Texaco and its CEO Torkild Rieber helped the Nationalists of General Franco achieve victory in the Spanish Civil War – and then went on to support Hitler. It serves as a chilling reminder of the power that oil companies have had – and still have – in shaping our world. Courtesty of TomDispatch.com. … [Read more...]
The German conundrum: renewables break records, coal refuses to go away
Last year was undoubtedly historic for the German power sector – for the first time in Germany´s modern history renewables accounted for a third of the country´s electricity consumption and secured their position as the number one power source defeating lignite (but not lignite and coal together). If nothing untoward happens and the Germans stick to their plans, bituminous coal and lignite will never be restored to their former glory, writes … [Read more...]
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