Chinese CO2 emissions under control; EU fossil fuel dependency rises; conventional power bleeds billions of value; German Energiewende not a blueprint for the world; bank washes off dirty coal; offshore wind lull before the next storm.
Lower electricity prices on wholesale markets have hit European utilities hard. According to EY, a consultancy, asset impairments of €120 billion were booked by utilities between 2010 and 2015. Impairments hit a peak of €34.7 billion in 2015. The sheer scale of the losses has brought home just how much the traditional utility asset base is challenged. Germany’s two electricity giants, RWE and E.ON, have both taken the radical step of splitting into two companies, one focused on renewables, networks and customers, and the other focused on power generation (primarily thermal power based on fossil fuels) ...
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The circular house, King Coal weakening, Delivering on Paris, Black and green utilities, G20 changing course, Greener energy investment
Electricity storage faces many challenges; Flow-battery uses salt; Satellite mapping can aid climate change adaptation; Ocean tankers on methanol