The document discusses the renewable energy industry in the UK and changing political and economic conditions. It notes that while technology costs are falling and political support is rising, populist anti-renewable political parties present new risks. It also summarizes that the UK aims to meet EU renewable energy targets by 2020 but policy changes risk undermining investment, and the solar industry in particular faces an uncertain future under new UK support mechanisms.
By Prof Pete Smith, University of Aberdeen
Presented at 'UK Energy System in Transition: Technology, Infrastructure and Investment'; an event organised by the UK Energy Research Centre, ClimateXChange and the Edinburgh Centre for Carbon Innovation, on Tuesday 1 April 2014, 14.00-17.00, in Edinburgh, United Kingdom.
Global Wind Day is an annual worldwide event commemorated every 15 June. It is a day to recognise wind, its power, and the possibilities it offers to reshape the world's energy systems and decarbonise economies
By Steven Fries, Chief Economist at DECC
Presented at 'Staying on Target: Securing the UK's Energy Future in Challenging Times'; an event organised by the UK Energy Research Centre, on Wednesday 30 April 2014, 14.00-19.00, in London, United Kingdom.
By Prof Jim Watson, UKERC
Presented at Energy Systems Conference organised by the Energy Institute and Elsevier, on 24-25 June 2014, in London, United Kingdom.
Energy costs are fast increasing in the United Kingdom. This is a major concern that is being a significant political issue at present. The UK Government is not only striving to handle the costs issues but also wants to present a energy strategy that will serve as a complete transition to a mix of renewable energy sources. Given this context, this report outlines a few key elements of the UK energy strategy going forward towards 2050. Particular points included are that of the mixed energy sources that will be present in the UK, the costs issue and a SWOT on some of the factors affecting the energy sector.
By Prof Pete Smith, University of Aberdeen
Presented at 'UK Energy System in Transition: Technology, Infrastructure and Investment'; an event organised by the UK Energy Research Centre, ClimateXChange and the Edinburgh Centre for Carbon Innovation, on Tuesday 1 April 2014, 14.00-17.00, in Edinburgh, United Kingdom.
Global Wind Day is an annual worldwide event commemorated every 15 June. It is a day to recognise wind, its power, and the possibilities it offers to reshape the world's energy systems and decarbonise economies
By Steven Fries, Chief Economist at DECC
Presented at 'Staying on Target: Securing the UK's Energy Future in Challenging Times'; an event organised by the UK Energy Research Centre, on Wednesday 30 April 2014, 14.00-19.00, in London, United Kingdom.
By Prof Jim Watson, UKERC
Presented at Energy Systems Conference organised by the Energy Institute and Elsevier, on 24-25 June 2014, in London, United Kingdom.
Energy costs are fast increasing in the United Kingdom. This is a major concern that is being a significant political issue at present. The UK Government is not only striving to handle the costs issues but also wants to present a energy strategy that will serve as a complete transition to a mix of renewable energy sources. Given this context, this report outlines a few key elements of the UK energy strategy going forward towards 2050. Particular points included are that of the mixed energy sources that will be present in the UK, the costs issue and a SWOT on some of the factors affecting the energy sector.
I spoke at the Harvard Club in February of 2020 on renewable energy, how it can be used to provide a low carbon fuel to electric vehicles, and how both can play a greater role in reducing climate change and increasing jobs and economic growth if government policy helps promote the technologies.
By Prof Jim Watson, UKERC
Presented at 'Staying on Target: Securing the UK's Energy Future in Challenging Times'; an event organised by the UK Energy Research Centre, on Wednesday 30 April 2014, 14.00-19.00, in London, United Kingdom.
It is a new era for American energy. In 2015, increased use of sustainable energy set the stage for a U.S. triple play of carbon reductions, cost savings and economic growth.
The CLEW “Reporter’s Guide to the Energiewende” gives journalists a starting point for their work, highlighting the main storylines of the energy transition, providing lists of experts and links to key readings. The guide complements the website, which has plenty more in-depth information, links and contacts.
Il World Energy Focus, nuovo mensile online della WEC's community, una e-publication gratuita per essere sempre aggiornato sugli sviluppi del settore energetico. Il World Energy Focus contiene news, interviste esclusive e uno spazio dedicato agli eventi promossi dai singoli Comitati Nazionali.
I spoke at the Harvard Club in February of 2020 on renewable energy, how it can be used to provide a low carbon fuel to electric vehicles, and how both can play a greater role in reducing climate change and increasing jobs and economic growth if government policy helps promote the technologies.
By Prof Jim Watson, UKERC
Presented at 'Staying on Target: Securing the UK's Energy Future in Challenging Times'; an event organised by the UK Energy Research Centre, on Wednesday 30 April 2014, 14.00-19.00, in London, United Kingdom.
It is a new era for American energy. In 2015, increased use of sustainable energy set the stage for a U.S. triple play of carbon reductions, cost savings and economic growth.
The CLEW “Reporter’s Guide to the Energiewende” gives journalists a starting point for their work, highlighting the main storylines of the energy transition, providing lists of experts and links to key readings. The guide complements the website, which has plenty more in-depth information, links and contacts.
Il World Energy Focus, nuovo mensile online della WEC's community, una e-publication gratuita per essere sempre aggiornato sugli sviluppi del settore energetico. Il World Energy Focus contiene news, interviste esclusive e uno spazio dedicato agli eventi promossi dai singoli Comitati Nazionali.
Our game-based learning platform transforms existing corporate content into fun, motivating learning scenarios. The system allows your employees to acquire corporate information and improve their knowledge voluntarily, in an entertaining environment. Learning becomes the result, not the goal.
See page 10 for Professor Jillian Anable's contribution on low carbon transport and air quality.
www.ukerc.ac.uk/news/ukerc-calls-for-urgent-action-on-uk-energy-during-this-parliament-.html
Copyright UKERC.
NGO data manipulation of financial markets?
Everywhere data has been manipulated to suite or fit
the Greenpeace & Co 100% WindSolar UTOPIA?
Not 1 word on Methane 10,000 billion tons of Gas? Puts long term large Green Energy investment decisions into an unforeseeable level of risk, as the go no go or careful timing for these very capital intensive investments in the long term, is suddenly unimaginable or non existing 4 the investor = Not a word Not 1 in Carbon Tracker?
published in 2022
RMI views
(not necessarily EFOW point of view: check on facts, realities and views, and ways of going about change: urgencies (priorities), realities and our true opportunities!)
Poyry - Europe’s energy future – the shape of the beast - Point of ViewPöyry
Decarbonisation requires large scale investment by European energy companies, but threatens their existing revenue streams. Financial investors are becoming wary of the power sector, and new sources of capital are urgently required. Meanwhile, Europe faces a policy dilemma; whether to rely on markets and a strong CO2 regime, or to build national solutions with government-channelled investment. Whichever way this dilemma is
resolved, the traditional role of the electricity companies must adapt: embracing innovation is the first necessary step to the future world.
In mid-2015, the Large-scale Renewable Energy Target (LRET) was reduced from 41,000 gigawatt-hours (GWh) to 33,000 GWh by 2020. The positive for the industry was that the amended legislation ended almost two years of uncertainty and frozen investment. The amendment also removed the provision for a review of the scheme every two years, locking in certainty for the rest of the decade. While 2015 was a tough year, it ended with much optimism. According to analysis by the Clean Energy Council and ROAM Consulting (now part of EY) , the revised target is expected to create more than $10 billion worth of investment and more than 6500 new jobs in large-scale renewable energy alone. Including the economic benefits from the small-scale scheme, the total benefit expected is $40.4 billion worth of investment and 15,200 jobs.
Myth busting - sifting energy facts from wishful thinkingGas Forum
In the furore about the rise of UK energy costs, several factors have been cited as contributing to escalating prices. David Cox, managing director of the Gas Forum, untangles the truth from the myths in the UK government’s argument for committing a minimum £38bn to subsidise energy generation over the next eight years
Executive Summary for the IEA's annual World Energy Outlook, the 2016 edition. The Outlook predicts natural gas use will continue to rise, while coal will continue to fall. "We see clear winners for the next 25 years, natural gas, but especially wind and solar, replacing the champion of the previous 25 years, coal," said Fatih Birol, IEA's executive director.
Etude PwC/Strategy& sur les fusions-acquisitions dans le secteur de l'énergie...PwC France
http://bit.ly/TransactionsEnergie2015
L'étude « Power & Renewables Deals » comprend une analyse de l’ensemble des transactions mondiales dans les domaines de l’énergie, des énergies renouvelables et des technologies propres. Sont couvertes les transactions portant sur la production d’énergie, son transport et sa distribution ; le transport, la distribution, le stockage et les pipelines de gaz naturel ; la vente au détail d’énergie et le nucléaire. Les transactions portant sur les opérations situées en amont de ces activités, comme l’exploration et la production de gaz, sont en revanche exclues de l’étude. L’analyse des énergies renouvelables englobe pour sa part les biocarburants, la biomasse, la géothermie, l’hydraulique (notamment marin), le solaire et l’éolien. Sont couvertes les transactions portant sur l’acquisition de projets de chantiers ou d’exploitation visant la production d’énergie renouvelable ainsi que des entreprises produisant les équipements destinés au secteur. Les transactions portant sur les technologies propres, enfin, sont celles liées à l’acquisition d’entreprises développant des produits à haute efficacité énergétique destinés aux infrastructures des énergies renouvelables.
Notre analyse se fonde sur les transactions publiées dans la base de données « M&A Global » de Dealogic et portant sur l’ensemble des fusions-acquisitions dans les domaines de l’électricité, du gaz et des énergies renouvelables. Cette base de données englobe les transactions annoncées (celles en attente de clôture financière et juridique) et les opérations terminées. La valeur inscrite est celle de la contrepartie annoncée a priori ou posteriori et tient compte des éventuelles dettes ou autres passifs estimés. Les données de comparaison (années ou trimestres précédents) peuvent présenter des différences avec celles de nos précédentes éditions ou autres publications de l’année en cours en cas de mise à jour des informations ou d’affinements de la méthodologie ayant entraîné des modifications de la base de données.
For the global sustainability community,
the most effective catalyst of change
has long been seen as the informed
self-interest of the mainstream financial
community: if banks and investors
could be convinced of the proximity of
environmental risk or societal impacts,
then it has been assumed that capital
diverted from ‘unsustainable’ practices
would render all other interventions
unnecessary. In practice though, the
sustainability community has found
the financial sector a hard nut to crack.
Although recent years have seen a
substantial increase in the integration of
environmental, social and governance
(ESG) data forming part of investment
analysis, the continued emphasis on shortterm
results and incentives has pushed
longer-term environmental risks, such as
climate change, outside of the boundary
of risks contemplated by mainstream
analysts. That is, until recently.
Diana Kool discusses the potential impact of climate change on the global economy and financial markets, focusing on energy sources and the growth of renewable forms
Investment confidence in Australia’s renewable energy sector has significantly improved following the legislation of the revised Large-scale Renewable Energy Target (LRET) in mid-
2015, a new Prime Minister that is more supportive of renewable energy and a strong outcome at the Paris climate change conference. The level and pace of investment will need to increase substantially in 2016 and 2017 in order
for liable parties to deliver on the 2020 legislated target and obligation. The Clean Energy
Regulator estimates that for this to happen, around 3000 MW of new renewable capacity should
be committed in 2016.
This paper outlines the status of progress towards delivering on the 2020 target of 33,000 GWh
of new large-scale renewable energy generation. While there will be challenges, this paper finds
that there is reason to be optimistic that the required new investment will be delivered within the
required timeframe.
Blackrock advises - governments, stakeholders, economists increasingly see higher carbon prices as a cost-effective way to achieve emissions reductions. Just 80 companies are responsible for 50 pc of global emissions by listed companies.
September 2016
Since 2010, the world has added more solar photovoltaic (PV) capacity than in the previous four decades. New systems were installed in 2013 at a rate of 100 megawatts (MW) of capacity per day. Total global capacity overtook 150 gigawatts (GW) in early 2014. The geographical pattern of deployment is rapidly changing. While a few European countries, led by Germany and Italy, initiated large-scale PV development, PV systems are now expanding in other parts of the world, often under sunnier skies. Since 2013, the People’s Republic of China has led the global PV market, followed by Japan and the United States. PV system prices have been divided by three in six years in most markets, while module prices have been divided by five. The cost of electricity from new built systems varies from USD 90 to USD 300/MWh depending on the solar resource; the type, size and cost of systems; maturity of markets and costs of capital. This roadmap envisions PV’s share of global electricity reaching 16% by 2050, a significant increase from the 11% goal in the 2010 roadmap. PV generation would contribute 17% to all clean electricity, and 20% of all renewable electricity. China is expected to continue leading the global market, accounting for about 37% of global capacity by 2050. Achieving this roadmap’s vision of 4 600 GW of installed PV capacity by 2050 would avoid the emission of up to 4 gigatonnes (Gt) of carbon dioxide (CO2) annually. This roadmap assumes that the costs of electricity from PV in different parts of the world will converge as markets develop, with an average cost reduction of 25% by 2020, 45% by 2030, and 65% by 2050, leading to a range of USD 40 to 160/MWh, assuming a cost of capital of 8%. To achieve the vision in this roadmap, the total PV capacity installed each year needs to rise rapidly, from 36 GW in 2013 to 124 GW per year on average, with a peak of 200 GW per year between 2025 and 2040. Including the cost of repowering – the replacement of older installations – annual investment needs to reach an average of about USD 225 billion, more than twice that of 2013.