New IEA report on electricity grids and secure energy transitions

Following the report by EEA-ACER on power systems this week, the IEA has also come out on a new report on electricity grids. The first-of-its-kind global study finds the world must add or replace 80 million km of grids by 2040, equal to all grids globally today, to meet national climate targets and support energy … Continue reading New IEA report on electricity grids and secure energy transitions →

New joint EEA-ACER report on need for more flexibility Iin the EU power system to ramp up renewable power capacity

EU Member States need to massively ramp up their renewable power capacity in the coming years. This increase in renewables from variable sources, such as wind and solar, will also increase the need for ‘flexibility’ in the EU electricity system. A joint report released this week by two EU agencies, EEA and ACER, demonstrates how … Continue reading New joint EEA-ACER report on need for more flexibility Iin the EU power system to ramp up renewable power capacity →

DNV’s 2023 Energy Transition Outlook: renewables still not replacing fossil fuels in the global energy mix

DNV launched its seventh edition of its Energy Transition Outlook. The highlights are: Global electric vehicles sales, solar and battery installations hit record highs in 2022. However, renewables are only partly meeting growing energy demand rather than replacing fossil fuels in the energy mix. Fossil fuels are still growing in absolute terms. Energy related CO2 … Continue reading DNV’s 2023 Energy Transition Outlook: renewables still not replacing fossil fuels in the global energy mix →

Energy in Demand News, October 8, 2023

As we get closer to COP28 in Dubai, there are some disturbing signs. For example: the US and China failed to pledge to the UN Green Climate Fund (most countries, including Germany, Austria and France, increased their pledges, while Denmark, Ireland and Liechtenstein doubled theirs but total pledges still did not reach target); Russia says … Continue reading Energy in Demand News, October 8, 2023 →

The shipping industry faces great challenges in making this shift to green fuels

Gokcay Balci and Ebru Surucu-Balci from the University of Bradford, in an article on The Conversation website, discuss the challenges faced by the shipping industry to switch away from fossil fuels to green fuels. Green fuels in shipping face major challenges for 2050 net zero target Ships carry around 90% of traded goods and … Continue reading The shipping industry faces great challenges in making this shift to green fuels →

Australia has an enormous opportunity in decarbonising quickly

Anna Skarbek, CEO, Climateworks Centre, writes on The Conversation website about the positive steps Australia is taking to reach net zero. Can you say the same about your country? The road is long and time is short, but Australia’s pace towards net zero is quickening The marks of industry have forever changed the Hunter … Continue reading Australia has an enormous opportunity in decarbonising quickly →

Energy in Demand News, October 1, 2023

It was encouraging that the heads of the European Investment Bank (EIB), the European Central Bank (ECB) and the International Energy Agency (IEA) called on leaders from government, finance and industry across Europe to deliver a clean energy transition that is just, swift and maintains competitiveness. Ministers, ambassadors, business leaders, central bankers and other key … Continue reading Energy in Demand News, October 1, 2023 →

New publication on review of renewable energy support schemes in Europe for 2020 and 2021

This week the Council of European Energy Regulators, CEER, published its Status Review of Renewable Support Schemes in Europe for 2020 and 2021. This report constitutes the latest update to the regular CEER Status Reviews on Renewable Energy Sources (RES) support and builds on the previous CEER reports. The publication collects comparable data on support … Continue reading New publication on review of renewable energy support schemes in Europe for 2020 and 2021 →

Energy in Demand News, September 24, 2023

The UN Climate Ambition Summit was held this week, and there were great expectations that this would be the occasion when the world’s leaders would finally understand that it was their most critical priority to address the climate crisis. Yet at the summit, UN Secretary General António Guterres could not hold back his concerns: “Humanity … Continue reading Energy in Demand News, September 24, 2023 →

Energy in Demand News, September 17, 2023

The Science Based Targets Initiative (SBTI) is undergoing some changes. SBTI show companies how much and how quickly businesses need to reduce their GHG emissions to prevent the worst impacts of climate change, leading them on a clear path towards decarbonisation. By guiding companies in science-based target setting, SBTi enables them to tackle climate change … Continue reading Energy in Demand News, September 17, 2023 →