The International Energy Agency held its third annual global conference on energy efficiency in Paris last week, bringing together more than 200 energy professionals from over 60 countries, to focus on the critical role that efficiency plays in the global energy transition, as well as opportunities that can be addressed.
During the event, which brought together energy ministers, high-level officials from the public and private sector, as well as a wide range of organizations, Dr Fatih Birol, the IEA’s executive director, also launched an online platform for energy efficiency data and information, which showcases the depth of the IEA’s expertise on the topic.
Dr Birol underlined energy efficiency’s role as the “first fuel,” highlighting that by implementing the cost-effective energy efficiency actions available today, the global economy could double while greenhouse gas emissions would be 12% lower between now and 2040. The finding, which was published in the IEA’s Energy Efficiency 2018 report recently is significant in light of the recent IPCC report noting the short timeframe for achieving global climate change mitigation goals.
Highlighting other benefits of the efficient world modelled in the report, Dr Birol noted that households would be better off by half a trillion dollars per year, while local air pollutants and associated deaths would be reduced by a third.
Dr Birol outlined three key things the IEA was doing to support countries take actions to realise these benefits. First, through its new online platform, the IEA is providing data, analysis and information for policy makers to learn about efficiency policies being used around the world, their impacts and lessons learned.
Second, the IEA is building global skills and capacity, through its training programme for emerging economies, which has trained more than 1000 policy makers from over 70 countries over the last four years.
And third, in partnership with the European Investment Bank, the IEA will launch a new initiative in early 2019, bringing together global leaders from international financial institutions (IFIs) to explore ways to scale up energy efficiency finance.
Dr Birol described the new initiative on finance as “a great opportunity to strengthen the global dialogue on financing the investments required to deliver energy efficiency at scale” and thanked the EIB’s vice president, Andrew McDowell—who also spoke at the conference—for his leadership.
The two-day conference was the largest the IEA has held on energy efficiency, and involved representatives from government, business and the research community. In addition to ministers representing Estonia, Finland, and Japan, conference attendees heard from the Head of the African Union, and senior executives from prominent energy efficiency companies including Schneider Electric, Danfoss and Johnson Controls.
Unprecedented momentum for green hydrogen
Hydrogen from renewable energy could play a central role in the global energy transformation, the latest report by the International Renewable Energy Agency (IRENA) finds. ‘Hydrogen: a renewable energy perspective’ estimates that hydrogen from renewable power, so called green hydrogen, could translate into 8 per cent of global energy consumption by 2050. 16 per cent of all generated electricity would be used to produce hydrogen by then. Green hydrogen could particularly offer ways to decarbonise a range of sectors where it is proving difficult to meaningfully reduce CO2 emissions.
Decarbonisation impacts depends on how hydrogen is produced. Current and future sourcing options can be divided into grey (fossil fuel-based), blue (fossil fuel-based production with carbon capture, utilisation and storage) and green (renewables-based) hydrogen. Blue and green hydrogen can play a role in the transition and synergies exist.
Falling renewable power cost and falling capital cost for electrolyzers is creating an economic case for green hydrogen
With falling cost of renewables, the potential of green hydrogen particularly for so called ‘hard-to-decarbonise’ sectors and energy-intensive industries like iron and steel, chemicals, shipping, trucks and aviation is rapidly becoming more compelling given the urgency to limit CO2 emissions. This includes direct hydrogen use but also the production of liquid and gaseous fuels such as ammonia, methanol and synthetic jet fuel from green hydrogen. Electrolyzer deployment is currently ramping up from MW to GW-scale as witnessed by dozens of projects worldwide.
Large-scale adoption of hydrogen could also fuel an increase in demand for renewable power generation, IRENA’s report finds. In total, IRENA sees a global economic potential for 19 exajoule (EJ) of hydrogen from renewable electricity in total final energy consumption by 2050. This translates into around 4-16 terawatts (TW) of solar and wind generation capacity to be deployed to produce renewable hydrogen and hydrogen-based products in 2050.
However, deployment of hydrogen-based solutions will not happen overnight, IRENA’s report cautions. Hydrogen might likely trail other strategies such as electrification of end-use sectors, and its use will target specific applications. The need for a dedicated new supply infrastructure may also limit hydrogen use to certain countries that decide to follow this strategy. Existing natural gas pipelines could be refurbished, but implications must be further explored.
Low-carbon, clean hydrogen should be understood as part of a larger energy transition effort
Green hydrogen could make a substantial contribution to the energy transition in the long run. The report recommends acknowledging the strategic role of hydrogen in the transition and at the same time calls on governments and private sector to better understand energy system benefits, cost-reduction and investment requirements to tap into the potential of a hydrogen future.
Download IRENA’s report ‘Hydrogen: a renewable energy perspective’.
Ramp up nuclear power to beat climate change
Without significantly increasing the use of nuclear power worldwide, it will be difficult to achieve the goal of reducing harmful emissions and fighting climate change, the head of the International Atomic Energy Agency (IAEA), said on Monday.
Cornel Feruta, the acting Director-General of the agency, was speaking in Vienna, at the opening of the first-ever International Conference on Climate Change and the Role of Nuclear Power.
It brought together some 550 participants from 79 countries, and 18 international organizations, to exchange science-based information, and hold objective discussions on the role of nuclear power in mitigating the climate crisis.
The IAEA pointed out that nuclear power contributes around one-third of all low carbon electricity, producing practically no greenhouse gases, and some 10 per cent of the total electricity produced worldwide.
Radioactive waste and security concerns must be addressed
However, the IAEA accepted that there are persistent public concerns about the potential dangers to health and the environment caused by radioactive waste from nuclear plants, and Mr. Feruta said that advances concerning the disposal of such material may alleviate fears about the long-term sustainability of the energy source.
Also speaking at the event, Mr. Liu Zhenmin, the Under-Secretary-General for Economic and Social Affairs (DESA), echoed Mr. Feruta’s remarks, and said that the problem of radioactive waste is an “unresolved issue” that needs to be addressed.
In his keynote address, Mr. Zhenmin also raised nuclear safety, which he described as “a significant public concern, especially after the Fukushima accidents and terrorism related fears”.
The large up-front costs of nuclear power remain an important issue, continued Mr. Zhenmin, and renewable energies, such as solar and wind, are continuing to drop in price, becoming increasingly competitive with conventional, fossil-fuel based sources. Meeting the capital costs of building nuclear plants will require government commitments, and public acceptance.
Nuclear technology’s ‘important role in society’
Nuclear technology plays an important and positive role in society, added Mr. Zhenmin. He outlined some of the benefits, such as monitoring pollution, and assisting in the diagnosis and treatment of cancers and other major diseases, and pointed out that radiation technology helps prevent food from spoiling, and to create new crop varieties, which supports climate change adaptation.
Both Mr. Feruta and Mr. Zhenmin referred to the work of the Intergovernmental Panel on Climate Change (IPCC), the UN body tasked with providing objective, scientific reports on the changing climate, which has shown that far-reaching changes to the way we produce energy must occur if we are to limit global warming to 1.5 degrees above pre-industrial levels.
In its various models for a sustainable energy future, the IPCC has included significant increases in nuclear power generation by 2050, ranging from a 59 per cent increase, to a 501 per cent rise.
New IEA policy review offers recommendations for Estonia’s energy transition
Estonia is on the brink of a major energy transition that will involve a substantial change in the role of domestically produced oil shale in its energy mix, the International Energy Agency said today in its in-depth review of the country’s energy policies.
Estonia’s energy supply is unique among IEA member countries because of its strong reliance on domestically produced oil shale, which dominates electricity generation. This provides the country with a high degree of energy independence, but it also gives Estonia the highest carbon intensity of all IEA countries. Oil shale, an energy-rich sedimentary rock, and the shale oil produced from it are different from light tight oil (sometimes also referred to as shale oil), which is produced from shale formations, often together with shale gas, in hydraulic fracturing. This is not done in Estonia.
In the future, Estonia’s transport and power sectors will need to shift to lower-carbon energy sources. Its industry is set to move towards extracting higher value from the country’s oil shale resources by producing more liquid fuels that also have environmental benefits.
“This transition represents a major economic and social challenge, and we recommend that it be supported by identifying cost-effective pathways for the decarbonisation of the energy sector,” said Dr Fatih Birol, the IEA’s Executive Director.
The in-depth review of Estonia’s energy policies is the first by the IEA since the country became the 29th member of the organisation in 2014. The report discusses the energy challenges Estonia faces and recommends possible solutions to help it to achieve a secure and sustainable energy future.
Estonia made strong progress in the deployment of wind power until 2015, but significant administrative barriers have since emerged. As wind power is likely to be the lowest-cost technology for future large-scale renewable energy projects in Estonia, the IEA encourages the government to quickly address the barriers to its deployment.
“I congratulate Estonia on already achieving its mandatory EU emissions reduction and renewable energy targets for 2020,” Dr Birol said. “The IEA believes that reaching the ambitious targets for 2030 can be possible but requires more determined action, taking economic and energy security considerations into account.”
Estonia’s main challenge in the transition to a cleaner energy future – one shared by many IEA countries – is the decarbonisation of its transport sector, which is currently not on track to meet short-term emissions and energy efficiency targets. The IEA recommends that the government review the energy taxation of all fuels to better reflect their carbon content. That would accelerate the switch to low emission technologies, notably in the transport sector.
Following the expansion of regional energy infrastructure and improved cooperation between Estonia and its EU neighbours, the country is now firmly embedded in the European energy system, which brings significant energy security benefits. Instead of pursuing energy independence as a major energy policy target, the IEA recommends that Estonia work with its EU neighbours to prioritise the identification of market-based solutions to diversify supply and enhance security of supply.
Today, Estonia’s level of electricity interconnection is already substantially higher than the target set for EU countries. The expected synchronisation of the Baltic electricity grid with the continental European grid by 2025 will further increase Estonia’s security of electricity supply. This will also alleviate any potential supply concerns arising from the expected reduction of electricity generation from oil shale.
Guterres: We must do everything possible to avoid global ‘fracture’ caused by US-China tensions
Tensions around global trade and technology continue to rise and the international community needs to “do everything possible” to prevent...
Imprisoned ISIS Wives and Children Have Nowhere to Run To, Nowhere to Hide
The guards have said if the war comes close, then they will leave here,” a Western ISIS wife texted me...
St. Regis Hotels Debuts On Venice’s Esteemed Grand Canal
St. Regis Hotels & Resorts today announced the debut of The St. Regis Venice, located steps away from Piazza San...
Indian Mujahideen, IS and Hizbul Tahrir: Breeding ground for terrorism in South Asia
India Today dated October 8, 2019 has made the startling revelation `The Special Cell of the Delhi Police, probing an...
AMLO’s Failed State
Mexico’s challenges since transitioning from the hegemonic rule of the Institutional Revolutionary Party (PRI) 19 years ago have remained numerous...
New Target: Cut “Learning Poverty” by At Least Half by 2030
The World Bank introduced today an ambitious new Learning Target, which aims to cut by at least half the global...
African financial centres step up efforts on green and sustainable finance
When we talk about climate change and sustainable development, the continent that is often highlighted as facing the greatest socio-economic...
Americas2 days ago
When Democracy Becomes the Problem: Why So Many Millions Still Support Donald Trump
Africa3 days ago
The Impact of Xenophobic Attack on Nigerians
East Asia3 days ago
Semiconductor War between Japan and South Korea
Southeast Asia2 days ago
China-Indonesia relations are expected to grow during Jokowi’s second term
Intelligence2 days ago
Strategy of Cyber Defense Structure in Political Theories
East Asia3 days ago
China & Nepal working towards a genuine good-neighbour tie
Newsdesk2 days ago
World Economic Forum 50th Annual Meeting in Davos: Defining Stakeholder Capitalism
Economy2 days ago
A more effective labour market approach to fighting poverty