Weekly HEG Global Energy Digest
Global carbon emissions reached a record level in 2017
The global energy demand increased by 2.1% last year, leading to a hike in carbon emissions for the first time since 2014, according to IEA. The statistics show that CO2 level jumped more than twice compared to 2016.
That happened because of strong global economic growth, with oil, gas and coal being responsible for 70% of the growth and renewables accounting for almost all of the rest.
Improvements in energy efficiency weakened, which contributed to a surge in global energy-related carbon emissions by 1.4% in 2017, after three years of being stable.
Carbon emissions hit a historical peak of 32.5 gigatonnes but it did not raise everywhere, while most big economies witnessed a hike, the US, UK, Mexico and Japan experienced declines, with the most extensive decline registered in the US for higher renewables deployment.
IEA Executive Director Dr Fatih Birol declared: “The significant growth in global energy-related carbon dioxide emissions in 2017 tells us that current efforts to combat climate change are far from sufficient. For example, there has been a dramatic slowdown in the rate of improvement in global energy efficiency as policymakers have put less focus in this area.”
Article Source: http://www.energymarketprice.com/energy-news/global-carbon-emissions-reached-a-record-level-in-2017
Qatar is ready to provide LNG to Ukraine
President of Ukraine Petro Poroshenko on Tuesday discussed with Qatari partners the diversification of gas supply sources of Ukraine. Qatari supplies will create unique opportunities for enhancing Ukraine’s energy security.
The Ukrainian leader also revealed that the supply of Qatari liquefied natural gas was possible via the terminal in Poland, as well as along the Turkish path via the Bosphorus.
The head of state declared that the counterparts would develop the topic in the upcoming negotiations scheduled to be held soon.
The president also underlined that these sources of liquefied gas supply from a reliable partner of Ukraine, Qatar, will create special possibilities for strengthening nation’s energy security.
Article Source: http://www.energymarketprice.com/energy-news/qatar-is-ready-to-provide-lng-to-ukraine
Netherlands will construct wind park without state aid
Vattenfall won a tender granted by the Dutch Government to build the first commissioned offshore wind farm without public funding, as stated by WindEurope on Tuesday.
The twin 350-megawatt Hollandse Kust Zuid offshore wind parks will be constructed by 2022.
Offshore wind expenses in Europe have been declining sharply in recent years as manufacturers bring even larger turbines to the market.
The German offshore tender represented the first event where zero-subsidy bids won.
Following the German tender, the Dutch Government agreed on offers from any developer prepared to claim a zero-subsidy bid.
Giles Dickson, CEO of WindEurope said that this example demonstrates that zero-subsidy offers are possible for several developers in some markets not least where governments take on and run a part of the project risk.
He also declared: “Wind energy is showing again and again that it can deliver ever more capacity for less cash. That’s the key message other governments should take from this: they should revise their ambition upwards in their national energy plans and offshore wind is a great way to help them do this.”
Article Source: http://www.energymarketprice.com/energy-news/netherlands-will-construct-wind-park-without-state-aid
Origen Power received a £1 million grant to eliminate carbon dioxide from the air
Origen Power aims to develop a new technology, called Greenhouse Gas Removal, capable to eliminate carbon dioxide emissions during power generation.
The UK government offered £1 million to the clean energy firm, to help build a 400-kW prototype plant in partnership with Arcola Energy and lime producer Singleton Birch in the UK.
The process supplies natural gas to a high-temperature fuel cell, of which around 50% is transformed into electricity and the rest is converted into heat, which is used to decompose limestone into lime and carbon dioxide. The created carbon dioxide is stored underground, while the lime is used further to absorb greenhouse gas from the air.
The method offers cost-effective (£40/MWh) and carbon-negative (- 600kg/MWh) electricity.
The company mentioned that to achieve Paris Agreement goals on limiting temperature increases to between 1.5 and 2° C, around 600-800 billion tons of CO2 should be removed from the atmosphere using technologies of this type.
Article Source: http://www.energymarketprice.com/energy-news/origen-power-received-a-?1-million-grant-to-eliminate-carbon-dioxide-from-the-air