Connect with us

Energy News

UN chief calls for ‘urgent transition’ from fossil fuels to renewable energy

Published

on

Building a global coalition for carbon neutrality by mid-century will be the UN’s “central objective”, the world body’s top official told a conference on climate action on Monday. 

“All countries need credible mid-term goals and plans that are aligned with this objective”, Secretary-General António Guterres said, addressing the virtual COP26 Roundtable on Clean Power Transition. “To achieve net zero emissions by 2050, we need an urgent transition from fossil fuels to renewable energy”. 

Energy for Africa 

Painting a picture of some 789 million people across the developing world without access to electricity – three-quarters of whom live in sub-Saharan Africa – the top UN official called it “both an injustice and an impediment to sustainable development”. 

He signaled “inclusivity and sustainability” as key to support African countries, while underscoring that all nations need to be able to provide access to clean and renewable energy that prevents “the dangerous heating of our planet”. 

Mr. Guterres asked for a “strong commitment from all governments” to end fossil fuel subsidies, put a price on carbon, shift taxation from people to pollution, and end the construction of coal-fired power plants. 

“And we need to see adequate international support so African economies and other developing countries’ economies can leapfrog polluting development and transition to a clean, sustainable energy pathway”, he added. 

Adaptation ‘ a moral imperative’ 

Against this backdrop, Mr. Guterres repeated his appeal to developed nations to fulfill their annual pledge for $100 billion dollars to support mitigation and adaptation in developing countries. 

Pointing to vulnerabilities faced by Africa – from prolonged droughts in the Sahel and Horn of Africa to devastating floods in the continent’s south – he underscored “the vital importance of adaptation” as “a moral imperative”. 

The UN chief said that while only 20 per cent of climate finance is earmarked for it, adaptation requires “equal attention and investment”. 

“The forthcoming climate adaptation summit on 25 January is an opportunity to generate momentum in this much neglected area”, he added. 

Reversing a dangerous trend 

Despite huge amounts of money that have been reserved for COVID-19 recovery and stimulus measures, the Secretary-General noted that “sustainable investments are still not being prioritized”. 

He outlined the need for an annual six per cent decrease in energy production from fossil fuels through renewables, transition programmes, economic diversification plans, green bonds and other instruments to advance sustainability. 

He reiterated the need to limit the global temperature rise to 1.5 degrees Celsius above pre-industrial levels, stating emissions needed to fall by 7.6 per cent every year between now and 2030. 

However, he noted that “some countries are still going in the opposite direction. “We need to reverse this trend”, he said. 

Aligning with Paris 

He said all public and private financing should support the Paris Agreement and the 2030 Agenda for Sustainable Development with training, reskilling and providing new opportunities that  are “just and inclusive”. 

He noted that a sustainable economy means better infrastructure, a resilient future and millions of new jobs – especially for women and young people, maintaining that “we have the opportunity to transform our world”. 

“But to achieve this we need global solidarity, just as we need it for a successful recovery from COVID-19”, the Secretary-General said, reminding everyone that “in a global crisis we protect ourselves best when we protect all”. 

“We have the tools. Let us unlock them with political will”, concluded the UN chief.

Continue Reading
Comments

Energy News

Indonesia’s First Pumped Storage Hydropower Plant to Support Energy Transition

Published

on

The World Bank’s Board of Executive Directors today approved a US$380 million loan to develop Indonesia’s first pumped storage hydropower plant, aiming to improve power generation capacity during peak demand, while supporting the country’s energy transition and decarbonization goals.

“The Indonesian government is committed to reduce greenhouse gas emissions through, among others,  development of renewable energy, energy conservation, and use of clean energy technology. Emission reduction in the energy sector will be driven by new and renewable energy generation and application of energy efficiency,” said Arifin Tasrif, Minister of Energy and Mineral Resources of the Republic of Indonesia.

Over 80 percent of the power generated for the Java-Bali grid, which supplies electricity to 70 percent of the country’s population, comes from fossil fuels. A key measure to support Indonesia’s decarbonization agenda is the development of energy storage to enable integration of renewable energy into the grid. Pumped storage hydropower plays a crucial role in this approach.

The financing will support the construction of the Upper Cisokan pumped storage hydropower plant, to be located between Jakarta and Bandung, with an expected capacity of 1,040 MW. The facility will have significant power generation capacity to meet peak demand, provide significant storage capacity to enable a larger penetration of renewable energies and, because of its close location to two large demand centers, will alleviate increasing transmission loads on the grid. As a result, a more environmentally friendly and reliable supply of electricity will benefit consumers in Java and Bali.

“We are excited about this project as it will be the first of its kind for Indonesia. It represents a turning point for Indonesia’s decarbonization pathway. The World Bank will continue to support Indonesia in its efforts to achieve resilient, sustainable, and inclusive development that will benefit the people of Indonesia now and in the future,” said Satu Kahkonen, World Bank Country Director for Indonesia and Timor-Leste.

Pumped storage hydropower makes use of two water reservoirs at different elevations. At times of low electricity demand or when there is abundant generation from clean power sources, such as solar energy, power from the grid is used to pump water to the upper reservoir. Power is generated during peak demand, usually evening hours, as water moves down to the lower reservoir using a turbine, when electricity generation costs are high.

The project will help enhance the system flexibility and efficiency in balancing supply and demand, and therefore improve the reliability and quality of electricity services in Java and Bali. It also aims to support the government to integrate variable renewable energy into the Java-Bali grid, and to do so in an environmentally and socially sustainable manner.

Continue Reading

Energy News

Iran determined to boost oil exports despite sanctions

Published

on

Iranian Oil Minister Javad Oji has said the Islamic Republic is determined to increase its oil exports despite the U.S. sanctions on the country’s oil industry, adding that the use of oil sanctions as a “political tool” would harm the market.

“There is strong will in Iran to increase oil exports despite the unjust and illegal U.S. sanctions; I promise that good things will happen regarding Iran’s oil sales in the coming months,” Oji told the state TV.

As reported by IRIB, Oji noted that Iran can barter its crude oil for goods or even for services and investment not only in the oil industry but also in other sectors as well.

“Oil sales have dropped dramatically since the imposition of unjust sanctions, but this capacity exists in the Oil Ministry and all the industry’s departments to increase oil sales,” the minister said.

Iranian oil exports have plunged under U.S. sanctions, which were reimposed three years ago after Washington abandoned Tehran’s 2015 nuclear deal with six powers.

“Iran will return to its pre-sanctions crude production level as soon as U.S. sanctions on Iran are lifted,” Oji said.

“We are against using oil as a political tool that would harm the oil market.”

Since April 9, Tehran and six world powers have been in talks to revive the nuclear pact. The sixth round of the negotiations adjourned on June 20. The next round of talks has yet to be scheduled.

Oji said Iran backed a decision made by the Organization of the Petroleum Exporting Countries and allies, a group known as OPEC+, on Wednesday to stick to a policy from July of phasing out record output cuts by adding 400,000 barrels per day (bpd) a month to the market.

Iran has been gradually boosting crude oil production to get ready for a strong comeback into the global market as the talks with world powers over the nuclear deal show signs of progress.

According to a Bloomberg report, National Iranian Oil Company (NIOC) officials have stated that the country’s oil fields are going through overhaul operations and connections with oil buyers are being re-established.

“In the most optimistic estimates, the country could return to pre-sanctions production levels of almost four million barrels a day in as little as three months,” the report published in May stated.

EF/MA

Continue Reading

Energy News

IRENA and IAEA to Help African Union Develop Continental Power Master Plan

Published

on

The International Renewable Energy Agency (IRENA) and the International Atomic Energy Agency (IAEA) have been selected as modelling partners for the development of the African Continental Power Systems Master Plan (CMP). The initiative is led by the African Union Development Agency (AUDA) with the technical and financial support of the European Union (EU), and is aimed at establishing a long-term continent-wide planning process. The two agencies’ modelling tools will be the official planning models utilised in this initiative.

African energy ministers tasked the African Union Development Agency (AUDA-NEPAD) to lead the development of the master plan. Following a two-year consultation process coordinated by the EU Technical Assistance Facility (TAF) for Sustainable Energy, the five African power pools selected IRENA and the IAEA to support the continent’s modelling and capacity needs. The two organisations will lead the development of an electricity master plan that promotes access to affordable, reliable and sustainable electricity supplies across the continent.

A unified transmission network in Africa will enable inter-country trade between African countries as well as cross-continental trade with Europe and Asia, via existing links in North Africa, allowing African countries to source electricity from a wide-range of competitive, clean energy sources. It will also create beneficial socioeconomic opportunities by increasing interregional access to affordable African renewable energy resources within the continent, fostering investment opportunities, job growth and ultimately contributing to the region’s sustainable development.

The urgency of this task is underlined by the prospect of carbon lock-in. Existing plans in Eastern and Southern African countries include more than 100 GW of new coal-fired power plants by 2040 – the development of which would triple carbon dioxide (CO2) emissions to 1,200 megatonnes (Mt) per year. Under the CMP, power generation options will be reviewed and re-considered to maximise socioeconomic benefits while simultaneously minimising emissions.

IRENA and the IAEA, as modelling partners, will support African stakeholders with the development of the CMP identifying surplus and deficit regions/countries in Africa in terms of electricity generation and demand. This will help identify the most cost-effective ways of expanding clean electricity generation and transmission infrastructure across the African continent.

IRENA and IAEA will also train AUDA-NEPAD staff and Power Pool experts on the use of the modelling tools, including IRENA’s System Planning Test (SPLAT) models using the IAEA’s Model for Energy Supply System Alternatives and their General Environmental Impacts (Message) tool, and support the team in the development of the CMP, ensuring knowledge transfer and capacity building.

The MESSAGE-SPLAT capacity expansion models are a key component and product of IRENA’s support to African countries. Built using the MESSAGE software, the agency has developed SPLAT models covering 47 African countries across the five African power pools. They have been used in IRENA’s capacity building programmes on energy planning across the continent.

The IAEA and IRENA cooperate on energy planning with a view to enhancing the effectiveness and impact of capacity-building efforts by joining the complementary competencies of the two organisations. The inter-agency cooperation was formalized through a Practical Arrangement, signed by both organizations on 2 November 2016, and extended for another three years in 2019.

IRENA

Continue Reading

Publications

Latest

Diplomacy38 mins ago

International Relations Amid the Pandemic

We could rest assured that COVID-19 will be defeated, sooner rather than later. The excessive angst and fear we currently...

Environment3 hours ago

‘Tipping point’ for climate action: Time’s running out to avoid catastrophic heating

The temporary reduction in carbon emissions caused by global COVID-19 lockdowns did not slow the relentless advance of climate change....

Finance5 hours ago

Dubai Chamber Continues Bolstering Economic Ties Between UAE And Africa

United Arab Emirates has launched its 6th edition of Global Business Forum Africa (GBF Africa) that aims at scaling-up and...

International Law7 hours ago

The rise & rise of populist demagogues in democratic nations

The term dictators & demagogues are used interchangeably in various contexts but there’s a difference, the former rules over a...

Defense9 hours ago

A Glimpse at China’s Nuclear Build-Up

The People’s Republic of China is now the second largest military spender after the United States, and the country has...

Development11 hours ago

Better Targeting of Social Protection Programs can Significantly Reduce Poverty in Bangladesh

Social Protection Programs remain central to Bangladesh’s sustainable development policy and are progressively benefitting the poorer households. By improving targeting...

Joe Biden Joe Biden
Americas13 hours ago

Was Trump better for the world than Biden, after all?

Joe Biden and the State Department just approved a major deal with the Saudis for 500mln in choppers maintanance. Effectively,...

Trending