Tim Pearce | Energy Reporter GOP Florida Rep. Matt Gaetz is preparing to introduce a “Green Real Deal” resolution to contrast with Democratic New York Rep. Alexandria Ocasio-Cortez’s Green New Deal, according to Politico. Ocasio-Cortez unveiled her resolution on Feb. 7 and immediately faced criticism for its scope and potential cost, which reached toward tens…
It is bad enough that Greenpeace should be funding action to undermine the UK’s energy security, in league with a self confessed climate fanatic, Sara Bell. But who else is supplying what must be large funds to assist?
I have reported a few times on the ECJ judgement against the UK’s Capacity Market mechanism. The UK has actually done nothing, and the judgement is actually against the EU Commission, who the ECJ say did not follow proper procedures when approving the mechanism in 2014.
The original case was brought by a tiny energy company, Tempus Energy, who have subsequently instigated legal action here as well, to put a stop to all CM payments.
I asked the question at the time of the ECJ judgement how a tiny company could afford to bring what was clearly an extremely expensive case.
Jillian Ambrose, to her credit, has some of the answers:
‘To be honest, nobody thought they would win,” says one industry source. “Actually, I don’t think even they thought they would pull this off.”
The energy industry transition has long served as a battlefield between power and money. But in a multi-billion-pound coup, one energy start-up has emerged as David in the fight against the industry’s incumbent power-generating Goliaths.
The triumph of Tempus Energy, a 10-strong technology upstart, in a European Court battle against power plant subsidies has rocked the industry to its core. A shock court ruling in November has forced the scheme, which aims to stem the closure of power plants by awarding supply contracts worth £1bn a year, into a legal limbo that could take years to resolve.
The move strikes a blow to the heart of the energy system by posing an existential threat to plant operators and a “real and present danger” to the UK’s energy security, according to industry lobbyists Energy UK.
Sheriff Trump has survived and prevailed in this gunfight. After 3 years, two of them under the relentless Mueller, and after spending more than 30 million dollars, the accusation of treason falls for lack of evidence. But of course, the reporters and newscasters who foisted the factless rumor upon the public will now double down on their deceit. They are banking on something Mark Twain said:
Those who are fair-minded will say, “Enough. Get Real, and get on with the nation’s business.” Never-Trumpers, unfortunately, will have to find the courage to admit they bought into a lie, or else descend further into unreality.
The world’s transition to secure, affordable and sustainable green energy has stagnated, with little or no progress achieved in the past five years.
Geneva, Switzerland, 25 March 2019 – The world’s energy systems have become less affordable and are no more environmentally sustainable than they were five years ago.
While access to energy has substantially improved, with less than one billion people now living without access to electricity, concerns over affordability and equity of energy transition are increasing. These are the findings of latest edition of the World Economic Forum’s Fostering Effective Energy Transition report, which was published today.
The report’s Energy Transition Index (ETI) measures economies in two ways. Firstly, each economy is assessed for its energy “system performance”. This takes into account three criteria regarded as critical for transitioning to the future, namely: security and access, environmental sustainability and economic growth and development. The latter measures economic impact to households, industry and export revenues.
Over the past five years, the measurement that has seen the most improvement has been energy access and security, followed by economic growth and development and, lastly, environmental sustainability. The average system performance score had been improving since 2014, but it stalled last year as gains in energy security and access were offset by reductions in affordability and sustainability. Continued use of coal for power generation in Asia, increasing commodity prices and slower than needed improvements in energy intensity have contributed to this year’s stagnation in performance.
The second part of the ETI measures economies’ success in putting in place the necessary conditions for transition. This “transition readiness” looks at six individual indicators: capital and investment; regulation and political commitment; institutions and governance; institutions and innovative business environment; human capital and consumer participation; and energy system structure.