The issue: In countries increasingly reliant on variable supplies of energy from renewable sources can we trust in the forces of supply and demand alone to keep the lights on?
Experts say: Yes, with good market design. It is cheaper to secure supply in times of renewables scarcity by paying high prices for peak generation, or reductions in demand, than to pay generators to maintain capacity in case it is needed
Wake-up call: Fossil fuel generators are earning windfall profits from availability payments, despite providing no added-value for electricity consumers
Key quote: “Capacity markets could just fade off into irrelevance.”
Bottom line: The cost of the energy transition will be higher and its speed slower if poor market design keeps fossil fuel capacity online unnecessarily ...
Understanding what disruption means in relation to the energy transition is important for all current and potential energy industry players, says Albert Cheung, Head of Global Analysis at BloombergNEF
Pollution is causing seagrass growing on our ocean floors to retreat. Scientists believe the habitat could be an important carbon sink and are working to restore it
The reaction of the Australian government to the recent IPCC report was to reject a phase out of coal. But with research showing new wind and solar are competitive with new coal, economics, not politics, looks set to define the country’s energy mix
Trucks and ships could be two means of transport running on hydrogen gas, produced using electricity, in the coming years
The cement sector has accepted the size of its carbon footprint, but it will take greater pressure from regulators and NGOs to force the industry to totally change its ways