transforming the energy system towards renewable and climate-neutrality
Some weeks ago, articles such as the one of Reuters about electric vehicle (EV) sales in Norway gained a lot of attention. Based on that, I asked myself the questions how it was possible that EVs achieve in Norway in 2020 a 54% market share of new cars sold. See my answer in the following...... Continue Reading →
It's not about gardening but a recent capital markets neologism that brings together the 'premium' an investor is willing to pay and the non-financial ESG value (environmental (i.e. 'green'), social and governance) of the investment. What remains open is the question whether the 'greenium' is indeed material; i.e. whether investors are willing to pay e.g.... Continue Reading →
Insights based on a recent IEA assessment of 243 plants in 24 countries:- RES generation costs (based on levelized cost of electricity (LCOE)) continue to decrease- even with assumed moderate emission costs of USD 30/tCO2 they are now - for green fields - competitive with dispatchable fossil generation in many countries- onshore wind is expected... Continue Reading →
The EU Commission recently proposed revised rules for cross-border energy infrastructure. Hydrogen and P2G infrastructure included. The EC proposal includes, among others:- obligation for all projects to meet mandatory sustainability criteria and follow 'do no harm’ principle in line with taxonomy- end of the support for oil and natural gas infrastructure- new focus on offshore... Continue Reading →
The necessity of comprehensive carbon pricing is with the recent EU Council agreement on a 55% emission reduction by 2030, the ongoing revision of the ETS, the sustainable mobility, hydrogen and energy system integration strategies of the European Commission and not least many related political ambitions and developments at member state level more obvious then... Continue Reading →
Mobility is without any doubt the most critical sector for achieving the EU decarbonisation targets. Therefore, the plans of the EU institutions for this sector are particularly important...and are outlined with the related strategy recently by the European Commission: Status quo:- transport responsible for about 25% of EU GHGE (note: in some countries even more)-... Continue Reading →
While the implementation of the recast of the EU renewable energy directive (REDII) is still ongoing across Member States, the process of developing a renewed RED III has already started. Hasty? Maybe yes, but at the same time required for keeping track with the increasing ambition levels and ensuring a holistic approach to energy system... Continue Reading →
Recently, I read an interesting comment on LinkedIn which translated the PV expansion in Austria, which is a cornerstone of the upcoming EAG law (Erneuerbaren-Ausbau-Gesetz) in hardware and handles required to reach the objective of additional 27 TWh PV generation capacity until 2030: And very good news on top of that: Millions of modules do... Continue Reading →
While the Austrian hydrogen strategy is still a long time coming, the German regulator BNetzA just recently executed on basis of the German hydrogen strategy already a public consultation regarding regulatory questions. Central aspects in my view: Blending of hydrogen into the gas network: potentially an interim solution (10-20%); but the target model are pure... Continue Reading →
I am convinced that comprehensive carbon pricing is crucial - and in fact without alternative - for allowing renewables to compete on a level playing field and ultimately drive deep and cross-sectoral energy system transformation. While one may argue that the carbon price provided by the EU ETS is for the time being not sufficiently... Continue Reading →
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