Tag: energy crisis

EU climate foreign policy in 2023: Briefing

The EU has a key role to play in driving the global climate transition. To do so, the EU needs a strong mandate for climate foreign policy that addresses the current polycrisis environment. The EU’s call for a global coal phase-out, coming out of the 2021 Foreign Affairs Council (FAC), paved the way for a global coal phase-down commitment at the climate conference COP26. However, this year’s climate diplomacy EU Foreign Affairs Council takes place in a different context.

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Turning Point: Global energy crisis tips the scales in favor of renewables

The top five most attractive countries for renewable energy investments include the United States, China, Germany, the United Kingdom, and France, which are all established renewable energy markets with an enabling policy ecosystem and sizeable clean energy installations. With this backdrop, the current article explores the global renewable power progress across solar PV, wind and hydropower segments and the future outlook supported by IEA statistics.

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6 ways Russia’s invasion of Ukraine has reshaped the energy world

Russia’s invasion of Ukraine in February 2022 has had a profound effect on global energy markets. Price volatility, supply shortages, security issues and economic uncertainty have contributed to what the International Energy Agency (IEA) is calling “the first truly global energy crisis, with impacts that will be felt for years to come”. As ever, poorer countries — many still recovering from the effects of the global pandemic — will bear the brunt of the negative consequences of the energy crisis.

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UK Energy Crisis: A lifeline or simply ‘kicking the can down the road’?

The UK government has, as part of its new Energy Plan published on 21st September 2022, proposed a six month scheme for businesses, voluntary sector organisations (such as charities) and public sector organisations (such as schools and hospitals), known as the Energy Bill Relief Scheme (the “Scheme”). The Scheme seeks to provide protection to businesses equivalent to that afforded to domestic household consumers under the Energy Price Guarantee mechanism.

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After Ukraine – The Great Clean Energy Acceleration

What was once disparagingly called “alternative energy” really does now present an alternative. From now on all three elements of the energy trilemma – security, affordability and sustainability – are pushing in the same direction. We face some very difficult years, there is no question. But as we get through them, things are going to start moving extremely fast. The Great Energy Price Spike is going to give way to the Great Clean Energy Acceleration.

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Tackling the energy crisis: 8 considerations on how Europe can get through this winter

We advise against hurrying into reform along the so-called Greek proposal, consisting of a new price-setting mechanism for renewables, hydropower and nuclear electricity. Unlike fossil fuel prices, it is extremely difficult to determine the price for renewable energy: once launched, renewable energy plants (e.g. wind farms) have hardly any operating costs. The coupling with other energy prices has become a proven system of pricing at levels above marginal cost.

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Europe’s energy diplomacy in times of crises

Europe needs to rebuild its international credibility, to help foster a global green recovery and net zero development trajectories. This largely depends on whether, and how quickly, the EU demonstrates solidarity with countries hit hardest by multiple crises. Europe’s energy response and its approach to energy diplomacy, to be redefined in this month’s International Energy Strategy, will be read by its partners as a key test of solidarity.

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Energy Crisis: Renewable Energy Delivers Electricity Price Relief in Europe

This is the responsibility of governments to develop energy policy frameworks which will facilitate the accelerated deployment of renewable energy and other enabling technologies to realize an affordable, carbon neutral and energy secure future as soon as possible. European governments are at the forefront of this energy crisis, which strengthens the sense of urgency and pushes policymakers to make critical decision such as that of Germany to pursue 100% renewable energy electricity by 2035. 

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IEEFA: Russia-Ukraine conflict adds impetus to Asia’s energy transition

Russia’s invasion of Ukraine spells further turmoil for global energy markets already reeling from extreme price volatility over the past two years. For Asian economies dependent on imported fossil fuels, volatile prices since 2020 have caused fuel shortages, exorbitant government subsidy burdens, inflation, food scarcity, and political instability. Distributed generation sources, energy storage technologies, microgrid systems, and electric transit technologies, among many other alternatives, can help countries improve self-sufficiency to create a more secure energy system.

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