Veille 2.1

Sweden formally renounces EU net zero roadmap championed by the likes of Germany.

Eleven of the 20 largest economies got a C or worse on a renewable energy report card, which assessed their plans to reach net zero and their targets for producing and using renewable energy

The world is experiencing unprecedented fuel price increases, energy blackmail between countries, up to 7 million air pollution deaths per year worldwide and one climate-related disaster after another. Critics contend that a switch to renewable energy to solve these problems will create unstable electricity grids and drive prices up further. However, a new study from my research group at Stanford University concludes that these problems can be solved in each of the 145 countries we examined — without blackouts and at low cost using almost all existing technologies.

Countries should move from coal to renewable energy without shifting to gas as a “transition” fuel to save money, as high gas prices and market volatility have made the fossil fuel an expensive option, analysis has found. Natural gas has long been touted as a “transition” fuel for economies dependent on coal for their power needs, as it has lower carbon dioxide emissions than coal but requires similar centralised infrastructure, and gas-fired power stations take only a couple of years to build. Earlier this year, before Russia invaded Ukraine, the European Commission angered green campaigners by including gas as a “bridge” to clean energy in its guidebook for green investment.

SACRAMENTO -- Data from the California Energy Commission (CEC) shows that 59 percent of the state’s electricity came from renewable and zero-carbon sources in 2020. The CEC estimates that in 2020, 34.5 percent of the state’s retail electricity sales were served by Renewables Portfolio Standard (RPS)-eligible sources such as solar and wind. When sources of zero-carbon energy such as large hydroelectric generation and nuclear are included, 59 percent of the state’s retail electricity sales came from non-fossil fuel sources in 2020. In 2019, over 60 percent of the state’s electricity came from renewable and zero-carbon sources. The decrease in 2020 is due to decline in hydroelectric generation caused by severe drought, as well as pandemic-related delays to new renewable energy projects.

A novel methodology is developed to dynamically assess the energy and material investments required over time to achieve the transition from fossil fuels to renewable energy sources in the electricity sector. The obtained results indicate that a fast transition achieving a 100% renewable electric system globally by 2060 consistent with the Green Growth narrative could decrease the EROI of the energy system from current ~12:1 to ~3:1 by the mid-century, stabilizing thereafter at ~5:1. These EROI levels are well below the thresholds identified in the literature required to sustain industrial complex societies. Moreover, this transition could drive a substantial re-materialization of the economy, exacerbating risk availability in the future for some minerals. Hence, the results obtained put into question the consistence and viability of the Green Growth narrative.

The world’s five largest publicly traded oil companies are increasing their investments in oil and gas, putting a combined $110 billion in new fossil-fuel production. Meanwhile, those firms are projected to spend just $3.6 billion on low-carbon investments, such as biofuels and renewables, according to a new analysis that Influence Map