In 2022, negative prices occurred during 69 of the total of 8,760 hourly prices in German day-ahead trading. Last year, there were 139 cases of hours when utilities had to pay to give away electricity. This adds to the high price of electricity in Germany, but it doesn’t explain it. Paul Hockenos has the details.
All posts tagged: energy transition
South Africa secures international aid at COP27 to champion the coal to renewables shift
South Africa’s ambitious plan to transition away from coal was endorsed at the recent COP27 climate conference in Egypt where officials from Britain, France, Germany, the United States, and the European Union signed pledges of $8.5 billion to help fund its initial steps. Currently South Africa relies upon coal to generate up to 87% of its electricity, but by the end of the decade the nation wants to close more than half its aging, unreliable coal-fired power stations and replace them with new solar and renewables. Yet today state-owned energy provider Eskom is struggling to provide consistent electricity. But despite the climate benefits, citizens and miners fear the plan may end up costing hundreds of thousands of jobs, lead to the privatization of Eskom and rapid market liberalization as operators race to construct solar farms near existing coal facilities. Lead blogger and podcaster Michael Buchsbaum reviews the situation. Read part 1, part 2, and part 3 of this series.
Saudi Arabia’s new energy diplomacy
There has been no shortage of news about Mohamad Bin Salman, more commonly known as MBS, the 35-year crown prince of Saudi Arabia. A controversial figure, he has been hailed as a reformer, but also criticized for corruption and human rights abuses. He came to power at a time when Saudi Arabia’s geopolitical prowess as an energy giant may be threatened by the energy transition. This year, Saudi Arabia has embarked on a massive diplomatic effort to set itself up for success in a world inching towards clean energy, but still grappling with energy security, independence and resilience issues brought on by recent conflicts like the Russian war of aggression in Ukraine. Among many of the many topics on MBS’s desk are: how will Saudi Arabia fare in a post-oil world? MBS’s diplomatic moves of the past few months may signal the future direction of MBS’s energy diplomacy. Joelle Thomas reports.
Brownfields to greenfields: repurposing coal mines worldwide into renewable centers
For decades, energy transition experts called for transforming post-mined lands into renewable energy hubs. To bolster their arguments, as part of their “Sunshine for Mines” project, a decade ago the pioneering Rocky Mountain Institute began tracking the few “lighthouse” projects that then existed. At the time, renewable capacity on mine sites stood at just over 600 megawatts worldwide. But by the end of 2019, globally almost 4.9 GW of renewable capacity had been installed or was in the pipeline. And since then, propelled even further by Russia’s invasion of Ukraine and the global response to it, the sheer amount of these second-life projects is increasing exponentially — with Europe and the United States leading the world into a greener post-coal age. In this series, lead author and podcaster, Michael Buchsbaum shines his light on several model solar-centric coal transitions now being developed worldwide. Read part 2, part 3 and part 4 of this series.
Greening Speed: IEA says Russia’s war in Ukraine accelerating global shift to clean energy
In the wake of Russia’s February invasion and skyrocketing prices, to ensure energy security and affordability, nations worldwide are installing record levels of solar and wind capacity. Now, for the first time ever, in their annual World Energy Outlook the International Energy Agency (IEA) is predicting fossil fuel demand will peak near-term as non-emitting sources begin producing the majority of global power by 2030. Moreover, following sustained market turbulence on top of its proven climate impacts, the IEA no longer backs “natural” fossil gas a reliable transition fuel. Also, building upon Egypt’s COP27, several wealthy nations and investment agencies are banding together to assist top-ten emissions producer, Indonesia, as well as several other developing countries to accelerate their shifts from coal to clean. Lead blogger and podcaster Michael Buchsbaum helps us navigate through the rapid changes.
Can Germany’s Greens slam the door on its nuclear fleet?
Fundamental to Germany’s Energiewende is its long-planned nuclear energy phase-out. For over a decade the nation has gradually reduced its reliance on atomic power with a planned end date of December 31st 2022. But Russia’s invasion of Ukraine, the subsequent boycotting and weaponization of Russian fossil fuels, plus fears of a cold winter have upended the nuclear exit-strategy. With three plants still online in October, Chancellor Scholz decided to extend their runs until the following April. But delegates at the Green Party’s recent congress in Bonn overwhelmingly voted against backing any measures allowing the purchase of new fuel rods to further extend their runs. And as lead blogger and podcaster Michael Buchsbaum reminds in this second piece on Germany’s fractious nuclear exit debate, despite the ongoing war, it’s still possible that uranium for any new rods would be imported from Russia.
Germany’s nuclear brinkmanship: politics and fear drive debate over last reactors
Soaring energy prices following Russia’s invasion of Ukraine, fears of a cold winter, energy shortages and a looming recession in Germany are causing much handwringing. Long dependent on cheap Russian gas, Germany’s crucial industrial sector is warning of blackouts and lasting economic damage if enough replacement fuel isn’t found. After months of partisan bickering between members of his coalition government, Chancellor Scholz decided to authorize the extended run time of the nation’s three remaining nuclear power plants until mid-April 2023, postponing their long planned, legally binding December 31st 2022 expiration date. In the first of two pieces, lead blogger and podcaster Michael Buchsbaum takes us through the debate.
Energy in Southeast Asia Series IV: How COVID-19 Stimulus Finance could boost the Energy Transition in Malaysia
In the fourth part of our South East Asia Series, Julian Theseira is looking at the opportunity for public and civil society organizations to encourage their governments’ to change how energy is generated, distributed, and accessed. How can energy systems become more democratic, giving people and communities access to sufficient, affordable, reliable, and renewable energy?
The Global Energy Transition blog in times of war in Europe
We at EnergyTransition.org stand in solidarity with Ukraine and all those who are suffering and have suffered from the military aggressions of Putin’s regime. The Russian invasion of Ukraine has unleashed a terrible humanitarian crisis. An immediate end to the conflict and a safe and peaceful future for all must be the priority right now.
Bonn born: The International Renewable Energy Agency launches billion dollar accelerator fund
From its Dubai headquarters in the United Arab Emirates, the intergovernmental organization engages with over 180 member nations in a global effort to speed a sustainable energy transition. Founded in Bonn, Germany, this year IRENA’s Innovation and Technology Centre (IITC) is celebrating its tenth anniversary there. Lead blogger and podcaster, Michael Buchsbaum interviews the IITC director, Dolf Gielen and reviews some of IRENA’s world changing initiatives.