SBTi stirs up controversy

A decade ago, the Science Based Targets initiative (SBTi) was launched with the goal of mobilising the private sector for climate action. Today, it stands as the largest and most influential validator of corporate climate targets, having confirmed the 2030 goals of around 5,000 companies. But not all is going well. Employees at SBTi have … Continue reading SBTi stirs up controversy →

Europe needs €800bn to meet 2030 climate targets, says industry

The Brussels-based European Round Table for Industry this week published two new reports by the Boston Consulting Group that lay out the state of play and articulate the challenges in Europe’s energy transition. As the countdown continues to the European elections and appointment of the next European Commission later this year, the European Round Table … Continue reading Europe needs €800bn to meet 2030 climate targets, says industry →

“If we are to have any chance of reaching the Paris Agreement goals, we will have to reward those who play the game and penalize those who do not”

In an article on the Le Monde website, finance expert Laurent Babikian proposes rewarding companies who make efforts to decarbonise and penalizing those who don't. What are your views? Climate: 'The most effective way of reaching the Paris Agreement would be variable price business models' To achieve the Paris Agreement, greenhouse gas emissions (GHG) … Continue reading “If we are to have any chance of reaching the Paris Agreement goals, we will have to reward those who play the game and penalize those who do not” →

How industry can address the challenges of the energy transition

By upgrading their energy strategies, industrials can reduce energy costs, accommodate market volatility, and achieve ambitious decarbonization targets. In an article on the McKinsey website Mauro Erriquez, Alvaro Gonzalez, Diego Hernandez Diaz, and Humayun Tai describe how. Playing offense: Industrials staying ahead in the energy transition The recent market turmoil and ongoing challenges of … Continue reading How industry can address the challenges of the energy transition →

EU to probe subsidies to Chinese solar panel manufacturers that have distorted European market

Nikolaus J. Kurmayer writes on the Euractiv website about whether subsidies allowed Chinese firms to submit unfair bids for the construction of a Romanian solar panel park. The probe reflects a hardening stance in Europe towards cheap Chinese imports, which the EU’s solar industry has blamed for the heavy losses and plant closures of several … Continue reading EU to probe subsidies to Chinese solar panel manufacturers that have distorted European market →

“Ignore Energy Performance Certificate advice”: new Government policy?

The UK government has reversed its advice on improving the energy performance of buildings in order to increase the uptake of heat pumps. Andrew Warren writes on the Business Green website how the British Energy Efficiency Federation, of which he is Chairman, is questioning the analysis that led to the change in consumer advice. What … Continue reading “Ignore Energy Performance Certificate advice”: new Government policy? →

Energy in Demand News, March 31, 2024

New oil and gasfields are expected to grow fourfold despite IEA warnings, the Financial Times (behind a paywall) reported this week in their energy newsletter. At least 20 new oil and gasfields reached final investment decisions worldwide last year and “this figure to grow nearly fourfold by the end of the decade, with another 31bn … Continue reading Energy in Demand News, March 31, 2024 →

Recent modelling shows that domestic peak heat demand in UK is almost 50% lower than widely cited values

A recent article on the Cell Press website provides valuable insight into the impact of 100% electrification of domestic heat in the UK. Decarbonising heat in particular is often perceived as a daunting task since natural gas serves between 60 and 80% of the domestic heat sector in countries like the UK. While there has … Continue reading Recent modelling shows that domestic peak heat demand in UK is almost 50% lower than widely cited values →

Energy in Demand News, March 24, 2024

"The state of the climate in 2023 gave ominous new significance to the phrase ‘off the charts.'" That quote introduced the World Meteorological Organization’s latest annual report. It confirms that 2023 was the hottest year on record by a clear margin. Records were broken for ocean heat, sea level rise, Antarctic sea ice loss and … Continue reading Energy in Demand News, March 24, 2024 →

Energy in Demand News, March 10, 2024

The World Trade Organization's Thirteenth Ministerial Conference (MC13) recently took place in Abu Dhabi (February 26-March 2). In its energy update, the International Institute for Sustainable Development (IISD) wrote that “fossil fuel subsidy reform conversations have made marked progress at the WTO. Last week, the Fossil Fuel Subsidy Reform initiative—comprised of 48 members—delivered a new … Continue reading Energy in Demand News, March 10, 2024 →