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What’s the outlook on energy for Europe?
Analysis: a year on from Russia’s invasion of Ukraine, volatility continues to be key theme shaping the energy landscape “It’s been an incredible year of volatility and uncertainty right across all energy markets. Unfortunately that is likely set to continue across 2023, even one year after the invasion,” says Dr Paul Deane, research fellow at the MaREI, the SFI Research Centre for Energy, Climate and Marine at UCC. “Even though we’ve moved away from using a lot of Russian gas over the last year, we’re still relying on the global supply of Russian gas and there hasn’t been any significant structural changes to global gas markets. So we’re essentially shopping…
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Energy crisis, the five challenges for 2023
How will the map of world electricity transform? Will sky-high strength selling prices raise renewables? How will the industrial landscape shift? What will the long lasting financial impacts be? How will the vitality crisis affect climate action? These are the five important issues that scientists all-around the earth will be requested to aim on in 2023. It will be up to them to come across suitable solutions to support govt action in the coming months to offer with the crisis. Determining the important problems in an region that has turn into vital for international politics and economics, is Simone Tagliapietra, researcher in the College of Political and Social Sciences at…
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Daily on Energy: How Russia’s war has reshaped the global energy landscape
Subscribe today to the Washington Examiner magazine and get Washington Briefing: politics and policy stories that will keep you up to date with what’s going on in Washington. SUBSCRIBE NOW: Just $1.00 an issue! Supply shortages, price hikes and security: Russia’s war in Ukraine has fundamentally reshaped the global energy landscape as we know it. In the nearly 10 months since the invasion, countries have faced abrupt supply shortages, soaring energy costs, and security issues that threaten supply disruption or blackouts for millions of people around the world. Here are some of the major energy impacts caused by Russia’s war: 1) Europe’s scramble for fossil fuels: The EU has long…
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Shifting energy landscape creates opportunity for ‘world’s largest batteries’
LUDINGTON, Mich. — Sprawled like a gigantic swimming pool atop a bluff overlooking Lake Michigan is an asphalt-and-clay pond holding plenty of drinking water to produce electric power for 1.6 million homes. It is component of the Ludington Pumped Storage Plant, which makes use of simple engineering: H2o is piped from a lower reservoir (the lake, in this situation) to an higher a single (the pond), then introduced downhill by supersized turbines that create electrical energy. Supporters call these programs “the world’s biggest batteries” since they hold extensive quantities of potential vitality that can be employed when the power grid demands it. The hydropower industry considers pumped storage the very best…
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Where does the UK sit in the world’s turbulent energy landscape?
Photo by Christopher Furlong/Getty Images Over the past 12 months the UK government has ramped up its ambitions in the energy and climate space, starting with the Prime Minister’s ten-point plan in late 2020. Since then, we have had a net-zero strategy and separate strategies for industrial decarbonisation, hydrogen, and heat and buildings, to name a few. In November the government hosted the Cop26 climate negotiations in Glasgow, and although progress was limited, the aim of keeping global warming to 1.5 degrees this century remains just about alive. However, for UK households there are more immediate concerns, with petrol prices hitting a record high in October, gas and electricity prices also skyrocketing, and potentially worse to come. For now, affordability relates to fossil fuels and not a future clean-energy system. In early December, at the World Petroleum Congress…
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