JP Morgan pledged to help clients align their business with Paris Agreement emission targets. HSBC announced up to a $1 trillion in green energy funding. An investor group worth $20 trillion in […]
Renewables reach 23% of European Union energy consumption after ‘paradigm shift’
EU’s renewable energy share expected to reach 33.7% by 2030. Image: Ignitis Group. The EU is on track to achieve between 22.8% to 23.1% renewables in gross final energy consumption in 2020 […]
What Is Happening With Solar Energy?
Solar roof in Telefonica corporate headquarters in Madrid E. Dans Anyone who follows developments in the energy sector will know that solar energy is no longer just the future but the present. […]
The First Major Long Duration Storage Procurement Has Arrived
California regulators said this year that the state will need 1 gigawatt of long duration storage by 2026. But the technologies that can cost-effectively meet that need have so far attracted more attention […]
Fossil Fuel Production Is Reaching Limits in a Strange Way
Strangely enough, the limit we seem to be reaching with respect to fossil fuel extraction comes from low prices. At low prices, the extraction of oil, coal, and natural gas becomes unprofitable. […]
China’s coal contradiction: The power’s not cheap, and the fuel is not abundant
China has higher than average global energy costs, but is easily the world’s largest manufacturer of energy intensive products Basically, China’s coal costs will make it less and less competitive on a […]
The IEA’s Latest Forecast Is Out: How Reliable Are The Price Scenarios?
The IEA’s latest World Energy Outlook has been released and at a ‘mere’ 464 pages, did not crash the internet. (When I was a boy, we would say its release meant the […]
Net Zero Goals Impossible Without Costly Carbon Capture
“Reaching net zero will be virtually impossible without CCUS,” the International Energy Agency (IEA) said in a recent report on the role of carbon capture, utilization, and storage in the energy transition. […]
The World’s Growing Nuclear Waste Dilemma
Nuclear energy has long been touted as a promising form of energy production for a decarbonizing global economy. Nuclear power is efficient, it’s established, and it has zero carbon emissions. Indeed, some […]
Sweden early to adopt hydrogen pathway to net-zero steel
Decarbonized steel, produced using green hydrogen, is taking steps towards commercialization. This week Vattenfall was granted €2 million by the Swedish Energy Agency to scale up testing of its Hybrit development, which […]
