By Paul Homewood

https://www.bp.com/en/global/corporate/energy-economics/statistical-review-of-world-energy.html

The BP Energy Review for 2017 is now published, and again it is bad news for anybody who thought the Paris Agreement would make the slightest difference.

Globally, CO2 emissions are up 1.6% year-on-year, which is actually greater than the 2006-16 average growth rate of 1.3%.

Regionally emissions have increased throughout the world, with the exception of the US.

The story is the same as in previous years, with increasing renewable output unable to keep up with rising overall energy demand.

While renewables (excl hydro) output rose by 69 Mtoe total primary energy consumption increased by 253 Mtoe,  rise of 2.2% (after adjusting for leap years). Fossil fuels inevitable filled most of the gap.

In overall terms, renewables still only account for a tiny 4% of primary energy, with fossil fuels dominating at 85%.

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June 15, 2018 at 06:27AM

Species come and species go. Humanity’s role is smaller than most of us imagine: .

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June 15, 2018 at 06:07AM

Germany’s minister for the economy and energy Peter Altmaier believes renewables will become “fully competitive” with fossil fuels and even subsidy-free by 2023.

But Aurora Energy Research argues that this is questionable under the current market design.

The analysts, however, suggested that policy changes such as implementing a carbon price floor or improving power purchase agreement (PPA) structures could increase competitiveness for renewables.

Onshore wind prices initially fell as Germany held its first auctions, but costs have risen since citizens’ projects were stripped of privileges including longer implementation periods and no permitting requirement.

Aurora Research points out that actual subsidies will be higher than published results because auction bids are given for a reference location with a standardised location, but in practice, guaranteed prices are corrected by location-specific measurements.

This, the analysts conclude, suggests that current projects are “far from being competitive”. Further, with increasing market saturation, the quality of available sites is likely to decrease.

Full story

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June 15, 2018 at 05:38AM

  Guest Post by Wim Röst  ABSTRACT Water, H2O, determines the ‘General Background Temperature’ for the Earth, resulting in Hothouse and Ice House Climate States. During geological periods the movement of continents changes the position of continents, oceans and seas. Because of the different configurations, a dominant warm or a dominant cold deep-water production configuration…

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June 15, 2018 at 05:20AM