Opinion

Radically reinvent energy markets for low carbon economy

Industry leaders need to change their way of thinking, social and environmental impacts be integrated in investment decisions and capital redirected to support a rapid transition to a low carbon economy for New Zealand to meet its Paris Agreement commitments, says Jane Taylor from The Aotearoa Circle

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Big business sees route to zero carbon electricity

Diverse solutions

Industry pushes for electrification of EU energy agenda

What our editors are reading

EVs could shift LA’s residential peak load to night-time

Reports

With a 10% penetration of electric vehicles, the car capital of the world could shift its entire residential peak load to night-time hours. In Los Angeles, even such a low penetration of EVs would create enough virtual power plants to discharge during peak evening hours. The annual cost savings would be $560 per EV customer even after accounting for the cost of overnight recharging. Deloitte forecasts a tipping point in 2022 where the cost of ownership of an EV will equal the cost of an internal combustion engine vehicle.

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Asian banks need more climate transparency

Reports

There is a clear need for more transparency and standardisation around climate action policies and measures in place in all Asian development finance institutions, says a report by think tank E3G. It singles out the China Development Bank and Korea Development Bank in particular for making “very little information publicly available” on many of the ten metrics covered in its report aimed at measuring progress on actions to achieve the Paris Agreement, including mitigation and adaptation, climate risk and greenhouse gas accounting.

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California’s gas system must shrink and decarbonise

Reports

California has committed to 100% clean electricity, a doubling of energy efficiency, widespread transport electrification and a carbon neutral economy by 2045. A report by Gridworks warns the state must plan the transition of its gas system or face “immense risk” as increasing infrastructure costs coincide with a rapid decline in demand. The volume of gas flowing through California’s gas delivery system will decline dramatically because of state and local policies. Even without electrification, gas use in homes will drop by 25% by 2050 because of efficiency.

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We face a fundamental change of the cost structure on the supply side and a need for a fundamental change.

Jochen Kreusel

- Market innovation manager in the power grids division at ABB Power

They [the European Commission] are looking at this stuff backwards. I still think they are convinced the short-term market model could work even though they are also starting to realise that you need something parallel, with long term price signals that give investors confidence to invest in infrastructure and allow them to see a decent market return.

Francesco Venturini

- Global head of renewables for Italian utility Enel

Despite tremendous cost decline of wind and solar technologies, electricity prices will probably remain too low to attract the level of investment needed.

Fatih Birol

- Executive director of the International Energy Agency

The greatest barrier to overcome is the integration of variable renewables into electricity systems. This will require developing power system flexibility and also a friendly deployment of variable renewables.

Fatih Birol

- Executive director of the International Energy Agency

Latest articles

The untapped benefits of deep energy renovation

As new Members of the European Parliament take their places and the European Green Deal takes shape, it bears repeating that the state of EU buildings holds the potential to make or break whatever energy, emissions and environmental targets are set in the coming months, says Adrian Joyce from Renovate Europe

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Green finance accelerates energy transition

The Green Bank Network has committed almost $15 billion of predominantly public capital to mobilise a total of $50 billion towards the low-carbon transition

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Ground zero for soft energy pathway

Islands are on the front line of climate change, evidenced by the recent swath of hurricanes that have wiped out electricity systems across the Caribbean. But island countries are not waiting for the inevitable. Many are moving to decentralised renewable resources and testing storage technologies and micro-grid solutions, says Justin Locke, Senior Director at the Rocky Mountain Institute

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Floating offshore wind is becoming serious business

Increasing pressure on offshore wind farm developers, record low electricity prices, coupled with the potential for higher margins than bottom-fixed foundations and the entry of oil and gas giants in the field, means the time is ripe for floating offshore wind, says Luis González-Pinto Barrenetxea, COO of Saitec Offshore

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If not insurable, is it bankable?

Jonas Dalsgaard, Global Sales & Business Development Manager at Codan, asks how the insurance market should react to insuring the increasing number of big wind farms in areas of the world that frequently experience natural disasters

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Offshore wind pushes boundaries in North Sea

Europe’s offshore wind revolution requires a more integrated approach

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Time to shift our focus

While the growth of renewables is accelerating, energy-related greenhouse gas emissions keep increasing. Getting serious about climate change mitigation requires a significant shift of focus, says Morten Dyrholm, Group Senior Vice President at Vestas Wind Systems. If each part of the energy sector continues working in isolation, we will miss opportunities to collaborate on solutions.

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Industry pushes for electrification of EU energy agenda

“Electrification is the most efficient way of decarbonising”

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Opinion

Diverse solutions

The offshore wind market has made massive progress as prices fall, farms get larger and technologies smarter and more efficient. All this is thanks to competent, skilled and creative people. As the demand for clean electricity grows, diverse workforces in terms of gender, background, discipline and culture will be a significant asset, says Jovana Filipovic, Senior Offshore Analyst at LM Wind Power

New permit rules for nearshore Danish wind projects

Coal regions could drive European competitiveness

The energy transition solution right over our heads

Big business sees route to zero carbon electricity

Rerouting network companies toward decarbonisation

Poles apart

Prioritise electrification for efficient energy transition

E-fuels the next big idea for aviation and trucking

Hydrogen: Northern Netherlands leads Europe and the world

Putting principles before profit?

Focus on solutions and good news to engage citizens

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