As large swathes of America sizzle through record temperatures this week, the Energy Institute published its annual statistical review of world energy: it makes for grim reading for people hoping to see rapid progress on the energy transition... Amanda Chu has the story Countries burnt record amounts of oil and coal last year, sending global fossil fuel consumption and emissions to all-time highs, the Energy Institute reported. Oil demand grew 2.6 per cent, surpassing 100mn barrels per day for the first time. Meanwhile, the share of fossil fuels in the energy mix declined slightly by half a percentage point, but still made up more than 81 per cent of consumption. While EI’s estimates are largely in line with the International Energy Agency’s, its authors offer a more sombre view of the pace of the energy transition compared with the Paris-based watchdog. “Today’s new data provides little encouragement in terms of global climate change mitigation,” said Nick Wayth, chief executive of EI. “Arguably, the transition has not even started.” Financial Times Energy Institute
Jamie Smyth’s Post
More Relevant Posts
-
Climate Actions that Will Work • Electrify everything • Overbuild renewable generation • Build continent-scale electrical grids and markets • Build pumped hydro and other storage • Plant a lot of trees and wild grasslands • Change farming • Fix concrete, steel, and industrial processes • Price carbon • Shut down coal and gas generation • Stop financing and subsidies for fossil fuel • Eliminate HFCs in refrigeration • Nuclear power is too slow to build and too expensive • Mechanical carbon capture and sequestration is a mostly dead-end • Air-to-fuel technologies are dead ends • Hydrogen as a store of energy • The military is a hard problem https://lnkd.in/giiripYK https://lnkd.in/g3Aj5qSY Switching The World To Renewable Energy Will Payback in Just 6 Years https://lnkd.in/g83bnWDs
The Short List Of Climate Actions That Will Work
illuminem.com
To view or add a comment, sign in
-
Advocate for sensible policy. Energy transition pro (and optimist). Principal, e4 Strategies; Publisher, Kathari News; Senior Fellow, CD Howe Institute; Director, Canadian Hydrogen Association
This excerpt from Ember’s mid-year electricity review underlines why low-emitting natural gas/LNG is needed in order to reverse 🇨🇳 China’s record-breaking emissions. Even though non emitting power (wind, solar, nuclear, bioenergy) covered over two-thirds of China’s electricity demand growth in the first half of this year, that was offset by a 22% decline in hydropower due to droughts. That shortfall caused the Chinese grid to fall back upon coal generation - a high-emissions outcome that could averted with increased availability of low-emission LNG, from 🇨🇦 Canada, the 🇺🇸 USA or elsewhere. “Wind and solar additions covered 58% (144 TWh) of the increase in China’s electricity demand. Small increases in other clean generation, such as nuclear and bioenergy, contributed less than 10% (18 TWh) of the rise in demand. New hydropower projects were also completed, but droughts saw output from hydropower fall by 22% (-129 TWh). This hydro deficit–alongside the rise in demand that was not met by clean power generation–created a large shortfall which was filled by coal generation, which increased 8% (+203 TWh) to a new record high. Had hydro generation been unchanged year-on-year, China’s coal generation would have increased far more slowly, as it would not have had to make up for the large hydro deficit of 129 TWh. With the hydro deficit, China’s coal generation increased by 203 TWh (+8%) in the first half of 2023, compared to the same period last year. Without this deficit it would have risen by 74 TWh (+2.9%). This would have been enough to turn a rise in global coal generation of 47 TWh into a fall of 82 TWh.” #cdnpoli
Global Electricity Mid-Year Insights 2023
ember-climate.org
To view or add a comment, sign in
-
#fossilfuels Resources for the Future, a think-tank, this week released its annual assessment that seeks to parse major outlooks. For today’s Energy Source...FT Five take aways: 1. How quickly will fossil fuels be phased out? While some of the more ambitious outlooks suggest a sharp drop-off in fossil fuel usage after 2030, the majority project hydrocarbon usage will remain chunky until at least the middle of the century. But RFF’s report suggests an incomplete phaseout does not preclude meeting climate goals. Even in many scenarios that are in line with limiting global warming to 1.5C by 2100, there is still a substantial use of fossil fuels until at least 2050. 2. Carbon capture is a key part of the equation. But if fossil fuels are not phased out there will be a need for a massive boost in carbon removal technologies that today remain in their infancy. In 2022 about 42mn tonnes of CO₂ were captured by carbon capture and storage infrastructure around the world, according to RFF. That was triple 2010 levels but still just 0.1 per cent of total annual emissions. Under the more ambitious scenarios mapped by RFF these technologies would need to grow 14 to 16-fold by 2050. 3. Renewables are way off course . . . World leaders agreed at COP28 to triple global renewable generation capacity by 2030 to 11,000GW — a tall order. To achieve it, there would need to be an average 800GW of capacity additions annually from 2022. To put that into perspective: that year, overall existing global wind capacity stood at 832GW and solar at 892GW. Only three scenarios analysed by RFF actually achieve this — and none are based on policies that are either in place or announced. 4. ...and so is nuclear Another lofty target set at COP28 was to rapidly scale up nuclear, with 22 countries committing to a tripling of capacity by 2050. Given that 12 of these countries had their nuclear capacity decline over the past decade and another five produce no atomic power, this seems supremely ambitious. 5. Who knows what will happen to gas? One of the most hotly contested topics in the transition debate is the future of natural gas in the energy mix. Advocates say it has a role to play in weaning developing nations off dirtier coal. Gas demand has grown by two-thirds since 2000 and — unlike coal and oil, which are widely expected to peak in the coming years — it is expected to continue growing in about half of the scenarios modelled. But the controversy over gas’s future is reflected in the huge divergence in the volumes of gas that are expected to be needed in the decades ahead. Under reference scenarios from the Energy Information Administration and ExxonMobil, usage increases 30 per cent by 2050. Under more ambitious outlooks, meanwhile, such as BP and Shell’s net zero scenarios, there is a 70 per cent drop-off by 2050. Source: #ft 👇 👇👇🛢🛢 https://on.ft.com/3U3UJd0 via Financial Times #globalenergy #oil #gas #coal #energy #netzero #ccus #nuclear
How quickly will fossil fuels be phased out?
ft.com
To view or add a comment, sign in
-
Resources for the Future (RFF) released their annual report - "Global Energy Outlook 2024: Peaks or Plateaus?" The report comes to several conclusions based on 16 scenarios published by the IEA, US Energy Information Administration, BP, Enerdata, Equinor, ExxonMobil, the Organization of Petroleum Exporting Countries, and Shell. Key findings: - Consumption of coal, oil, and natural gas is expected to peak before 2030 but remain at or near a plateau through 2050 in many scenarios. - Carbon dioxide removal technologies are deployed rapidly and at scale in every scenario that limits global warming to 1.5°C or 2°C by 2100. - Demand for metals and minerals needed for clean energy technologies is expected to rapidly expand - Achieving clean energy deployment goals set at COP28, such as tripling nuclear capacity by 2050 and renewable electricity capacity by 2030, would require unprecedented growth in both sectors. - China's projected energy demand has been substantially revised downward as a result of the country’s slowing economic growth and declining population. Well done Authors Daniel Raimi, @Yuqi Zhu, Richard Newell, and Brian Prest Resources for the Future #decarbonisation #energy #emissions
To view or add a comment, sign in
-
Principal Analyst, Climate Change Chief Executives Board | Founder, Tiaki Institute | Member, UN Expert Group on Resources Management
Important findings from Resources For the Future (RFF)... based on latest projections, the transition is going to take a while.
Resources for the Future (RFF) released their annual report - "Global Energy Outlook 2024: Peaks or Plateaus?" The report comes to several conclusions based on 16 scenarios published by the IEA, US Energy Information Administration, BP, Enerdata, Equinor, ExxonMobil, the Organization of Petroleum Exporting Countries, and Shell. Key findings: - Consumption of coal, oil, and natural gas is expected to peak before 2030 but remain at or near a plateau through 2050 in many scenarios. - Carbon dioxide removal technologies are deployed rapidly and at scale in every scenario that limits global warming to 1.5°C or 2°C by 2100. - Demand for metals and minerals needed for clean energy technologies is expected to rapidly expand - Achieving clean energy deployment goals set at COP28, such as tripling nuclear capacity by 2050 and renewable electricity capacity by 2030, would require unprecedented growth in both sectors. - China's projected energy demand has been substantially revised downward as a result of the country’s slowing economic growth and declining population. Well done Authors Daniel Raimi, @Yuqi Zhu, Richard Newell, and Brian Prest Resources for the Future #decarbonisation #energy #emissions
To view or add a comment, sign in
-
Analysts at S&P Global Commodity Insights forecast EU emissions will decline by 42% to 2030, and by 82% to 2040. Uncompetitive energy costs were a key driver for Europe’s economic slowdown, Liese said. Also noting energy security concerns, the MEP called for an open debate on nuclear in Germany to explore a potential re-opening of two or three shuttered reactors or even new construction. Without a shift in policy even the agreed 2030 coal exit in his home state of North Rhine-Westphalia was at risk, Liese said. “We shouldn’t completely block the way for new nuclear, but clear priority should be the expansion of renewables,” the MEP said. Europe’s emissions trading system was a key instrument to maximize CO2 reductions at lowest cost, but there was growing opposition in Germany to plans to add transport and heating as compliance sectors, he said. Platts, a unit of S&P Global Commodity Insights, assessed EU carbon allowances (nearest December) at Eur53.44/mt on Feb. 19, down 6.5% day on day to its lowest level in 28 months. S&P Global Commodity Insights analysts see 2030 EU green hydrogen production of around 3.2 million mt under its European Planning Case. Europe is among the most expensive global regions for electrolytic hydrogen production #unitedstates #greenhydrogen #energy #energia #energie #hydrogeneurope #gevernova #energyaustralia #industrialclusters #energytransition #europeancommission #energialimpia #esig #hidrogenoverde #cleanenergy #industria #UNIDO #decarbonization #emissionsreduction #descarbonizacion #valuechain #hydrogenstrategy #suezcanal #sczone #electrolysis #electrolyzer #greenhydrogen #kapsarc #electrolyser #pem #soec #ev #electrification #electricvehicles #fcev #bev #soe #aem #cathode #anode #h2 #oxygen #greenelectricity #water #energy #lng #renewableenergy #uniper #renewablehydrogen #greenhydrogen #idrogenoverde #hydrogènevert #hydrogenenergy #hydrogenstrategy #hidrogenioverde #hidrogenoverde #hidrógeno #hidrogenio #wasserstoff #wasserstoff #onshorewind #solarenergy #hydroenergy #ifc #afc #H2Med #irena #greenhydrogen #renewablehydrogen #h2lligence #decarbonize #renewableenergy #canaldesuez #sokhna #masdar #emethanol #hydrogènevert #hydrogène #windenergie #hydrogenenergy #hydrogenfuel #hidrogenoverde #hidrógeno #hidrogenioverde #idrogenoverde #idrogeno #hidrojen #windpower #windenergy #menaregion #hydrogenfuelcell #giz #hydrogeneurope #northafrica #ifc #iea #ebrd #eib #europe #cop28 #cop28uae #waterstof #greenfuel #greenammonia #ebrd #maersk #greenmethanol #irena #saf #desalination #seawater #directelectrolysis #greenfertilizers #greenfertilisers #greenfuel #greenmethanol #egypt #lngbunkering #blueeconomy #world_bank #un #greensteel #saharamarocain #subsaharanafrica #greenfert #canaldesuez #suezcanal #redsea #mediterraneansea #greenbunkering #bunkering #ccus #ccs #carboncredits #carbonfootprint #carbonneutrality #carbononeutral #transportation #bluehydrogen #lngindustry #naturalgas #lngshipping Osama Fawzy Georgy HENEIN, MBA
EU’s 2030 climate targets highly ambitious but policy on track: MEP Liese
https://eurometal.net
To view or add a comment, sign in
-
Major announcements were made over the weekend during the third day of COP28, here are some highlights: 1. The President of Barzil announces the country will be joining OPEC in 2024, Brazil is one of the world's top 10 oil producers. 2. More than 100 nations commit to tripling renewable energy capacity and doubling the annual rate of energy efficiency improvements by 2030. 3. Columbia became one of the largest fossil fuel producers to join a group of climate-vulnerable island nations calling to end new development of coal, oil, and gas. 4. The US pledged $3 billion to the Green Climate Fund, for the first time since 2014. 5. More than 20 countries have called for the tripling of world nuclear energy capacity as part of efforts to achieve net zero emissions by 2050. #cop28 #climateadaptation #greenenergytransition https://lnkd.in/gEThVjT8
COP28: More than 110 nations commit to tripling renewable energy capacity by 2030
france24.com
To view or add a comment, sign in
-
Perhaps the G-7 need to hire an army of well qualified scientists to evaluate and justify the currently ill conceived plan. The ages long conflicts over natural resources stand to intensify if we fail to capitalize on available technological advancements geared to increase efficiencies, broaden the feedstock options and reduce pollution in energy production. It’s not the fuels/natural resources that are polluting, but rather the very combustion processes used at scale in Energy Production and transportation. After the Fukushima nuclear disaster, Japan rushed to deploy Fuel Cell based cogeneration installations tapped into the natural gas pipes - to insure a flow of clean, efficient and affordable energy. Isn’t it amaizing that Japan hardly mentions such option other than tied to centrally produced hydrogen? Aren’t Fuel Cells supposed to incorporate or be coupled with on-demand hydrogen production features/devices - capable of extracting the hydrogen contained in all types of gaseous and liquid fuels (natural gas, biogas, gasoline, diesel, biofuels…and even biofuel-H2O blends)? This is the truly clean, efficient and sustainable option in energy production that we need to focus on, instead of villainizing fossil fuels.
G-7 ministers to call for natural gas phaseout
asia.nikkei.com
To view or add a comment, sign in
-
♋ Se rompen las escalas. It’s a campaign that promises an upheaval across the energy sector: curbing China’s demand for fossil fuels, trimming its reliance on energy imports and steering the world’s biggest polluter toward a feasible path to zero out its greenhouse gas emissions. Once complete, the renewables bases will total 455 gigawatts of wind turbines and solar panels. That’s more clean energy generation capacity than is currently available in any nation outside China, and almost the size of the entire power network — including coal plants and nuclear reactors — in India, the world’s third-largest system. ... China burned more coal last year than the rest of the world combined, and relied on the fuel for more than 60% of its electricity generation, the IEA said in a report last month. While the nation’s coal power output will peak around 2025, the speed at which the fuel is relegated to a supporting role remains uncertain, according to the agency. Even with a world-leading adoption of clean energy, solar and wind currently deliver only about 10% of China’s electricity. Solar, wind, nuclear and hydro capacity is now at a level where it can meet and eventually outpace growth in energy demand in China, according to Lauri Myllyvirta, lead analyst for CREA. If the tempo of deployments is sustained China’s emissions will fall next year, and potentially “enter into a structural decline,” he said.
What China’s Clean Energy Push Means for COP28
bloomberg.com
To view or add a comment, sign in
-
Electric Motorcycle Guru ⚡️CEO, Founder ⚡️Shandoka Electric Motorcycles ⚡️🏍 ⚡️Inventor, Eagle Scout 🦅 Provocateur
Tonight, as I was walking around the campus where Shandoka: Electric Motorcycles headquarters has located, I was ruminating upon the wasted material to line millions of fossil fuel wells from oil or gas. This post from Michael Barnard soon appeared… The chief complaint of so many naysayers to renewable energy is the material cost inherent in windmills blades and solar array support structures. however, I then realized that we will never find an economical reason to recover the steel and concrete used to line a producing well for fossil fuels, such as methane and heavy sweet oil petroleum, buried up to miles deep into the Earth, with so much friction, fighting the required tension for removal… the opposite of repetitive percussive forces which buried these resources into the soil. At the very least, if we are following a folly in our frivolous, fanciful pursuit of renewable energy harnessing mechanisms, we will at the very least keep all of those resources above ground, where they can be reprocessed back into wasteful fossil fuel pipelines if it turns out that solar and planetary process derived energy is not renewable after all. Order your #electricmotorcycle from our team www.shandokacycles.com
The End of an Era: The Decline of Pipelines and the Rise of Electrification The shift from moving molecules to electrons marks a pivotal change in our energy landscape. As we electrify everything everywhere all at once, efficiency improves and environmental impacts drop. This transition raises a critical question: what will become of the extensive network of pipelines currently used for transporting energy-related molecules like crude oil, natural gas, and their derivatives? Forbes article: https://lnkd.in/gDmwxH2n The United States alone boasts over five million kilometers of these pipelines, a scenario echoed worldwide. However, the future of pipelines is certain. The controversy surrounding Nord Stream 1 & 2 and Canada's expensive expansion of the unneeded Trans Mountain crude oil pipeline highlights the complex dynamics of global energy politics and environmental concerns. The push for alternative energy carriers like hydrogen faces significant challenges. The high cost of hydrogen production and transportation, coupled with the technical limitations of current pipeline infrastructure, makes it clear that it's not viable as a large-scale energy solution. Hydrogen-related costs are multiples of importing natural gas, already the most expensive form of energy economies use today. In the absolutely best case scenarios with deeply optimistic assumptions, it will be five times as expensive as LNG, but more realistically ten times costlier. The push for carbon capture and sequestration depends on a massive network of very expensive dense phase or supercritical carbon dioxide pipelines being built through heavily populated areas. But a carbon dioxide pipeline bursting almost killed dozens in a tiny town in Mississippi a couple of years ago. The expense and human health risks are prohibitive. The transition is evident in the evolving energy policies and market trends. The EU's focus on methane leakage control and the upcoming carbon border adjustment mechanism, China's declining gasoline demand, and the International Energy Agency's forecast of peaking fossil fuel demand all point to a diminishing role for traditional energy sources. As we move towards a more electrified world, where renewable energy becomes increasingly accessible and cost-effective, the future of pipelines is bleak. The vast network of pipelines, once a symbol of industrial prowess, will be decommissioned and often fed into scrap steel furnaces, giving way to a new era of sustainable energy transmitted by HVDC power lines. And as long as they exist, they must be converted to electrical compressors and actuators and venting overpressure methane must be stopped. #pipelines #transportation #economy #energy #electricity #climateaction #investment
Most Pipelines Will Be Replaced With HVDC But Rest Will Be Electrified
forbes.com
To view or add a comment, sign in
Media Consultant
3wMORE Nuclear Power needed. LESS coal.