Renewable energy growth faces questions in Chile

2016 ◽  
Keyword(s):  
Renewable Energy ◽  
Fossil Fuels ◽  
Commodity Prices ◽  
Rapid Expansion ◽  
Electricity Prices ◽  
Content Type ◽  
Energy Growth ◽  
The Face ◽  
Almost All ◽  
Export Industries

Subject The rapid expansion of renewable energy in Chile. Significance A tender for power purchase agreements (PPAs) with Chile's main distributors, scheduled for late July, will be an important test not only of future electricity prices but also of the ability of the country's non-conventional renewable energy (NCRE) sector to maintain its rapid growth in the face of cheaper conventional fuels. NCREs offer many immediate advantages by way of supply diversification -- in a country that has to import almost all its fossil fuels -- and mitigation of greenhouse gas emissions. Impacts Government studies suggest that, by 2035, NCREs could be producing 40% of Chile's electricity. NCRE projects are boosting competition in Chile's electricity industry, previously dominated by a handful of players. Cheaper electricity is helping to cushion export industries, including mining, against lower commodity prices.

US financial sector may be sound, but not safe

2015 ◽  
Keyword(s):  
Renewable Energy ◽  
Productivity Growth ◽  
Fossil Fuels ◽  
Financial Sector ◽  
Energy Sector ◽  
Too Big To Fail ◽  
Carbon Pricing ◽  
Content Type ◽  
Bank For International Settlements ◽  
Oil Gas

Subject The implications of a large US financial sector. Significance The largest US banks have posted strong first-quarter earnings amid attacks by Senator Elizabeth Warren, who has presented programmes to scale back the size and influence of too-big-to-fail (TBTF) banks. However, a recent Bank for International Settlements (BIS) paper argues that the growth of large financial sectors stymies wider productivity, growth and innovation. This case could motivate policymakers of both parties to take a renewed look at the industry. Impacts Consolidation in the financial sector may be leaving the industry vulnerable to future shocks. The energy sector could be the next bubble, as renewable energy and carbon pricing could drive oil, gas and coal companies into bankruptcy. This would imperil the 6 trillion dollars of global investment into fossil fuels since 2007.

Cost of renewable energy will fall further globally

2016 ◽  
Keyword(s):  
Renewable Energy ◽  
Fossil Fuel ◽  
Slow Growth ◽  
Energy Costs ◽  
Solar Photovoltaic ◽  
Content Type ◽  
Energy Growth ◽  
Photovoltaic Power ◽  
Cost Of Energy ◽  
First Choice

Subject Declining costs of renewable energy. Significance Recent auctions and 'levelised cost of energy' (LCOE) studies show that the costs of wind and solar photovoltaic power are now competitive with fossil-fuel power generation in an increasing number of scenarios. Impacts Competitive renewable energy costs will encourage governments to adopt renewables as first-choice technologies. While positive for emissions, higher renewables adoption will slow growth in international fossil fuel trade to the detriment of exporters. Variable renewable energy growth will increase demand for system-balancing technologies, such as interconnectors and electricity storage.

US Fed will struggle to raise rates much in 2016

2016 ◽  
Keyword(s):  
Interest Rates ◽  
Investor Sentiment ◽  
Commodity Prices ◽  
Federal Funds ◽  
Federal Funds Rate ◽  
Content Type ◽  
The Us ◽  
The Face ◽  
Lift Off ◽  
China’S Economy

Subject US monetary policy outlook for 2016 and its global impact. Significance There is a large discrepancy between the US Federal Reserve (Fed)'s estimates for interest rates at end-2016 and the expectations of bond investors. The latter are anticipating less tightening than the 100-basis-point (bp) rise in the Federal Funds rate the Fed has pencilled in for this year. Despite a successful rates 'lift-off' on December 16, the Fed faces many challenges in raising rates in the face of mounting stress in credit markets, disinflationary pressures from the plunge in commodity prices and a contraction manufacturing. Impacts While the Fed will tighten policy, other central banks, including the ECB, will provide further stimulus, accentuating policy divergence. Investors will price in a more hawkish Fed if US inflation accelerates faster than expected, potentially leading to a sell-off. Concerns about China's economy and the commodity prices slump will also shape investor sentiment.

Lower storage costs will drive renewable energy growth

2018 ◽  
Keyword(s):  
Renewable Energy ◽  
Offshore Wind ◽  
Competitive Bidding ◽  
Energy Sources ◽  
Energy Costs ◽  
Solar Thermal Energy ◽  
Content Type ◽  
Energy Growth ◽  
Energy Options ◽  
The Cost

Subject Renewable energy costs. Significance Renewable energy costs continue to fall in both absolute terms and relative to conventional energy sources. Impacts The switch to competitive bidding will see costs peak and then decline for governments that face high subsidy bills from feed-in tariffs. The portfolio of subsidy-free renewable energy options will grow in the next five years to include solar thermal energy and offshore wind. Technology advances will particularly reduce the cost over the next decade of building offshore wind capacity.

Business confidence mars Chile investment outlook

2015 ◽  
Keyword(s):  
Interest Rates ◽  
Latin American ◽  
Commodity Prices ◽  
Private Investment ◽  
Political Stability ◽  
Content Type ◽  
Commodity Export ◽  
Business Confidence ◽  
Export Industries ◽  
The Impact

Subject The impact of falling investment. Significance Since 2013, investment has been declining in many Latin American countries in a trend related to lower commodity prices. However, in Chile, the contraction has been particularly marked and is also attributed to a loss of business confidence caused by domestic political factors. Impacts An expected increase in international interest rates will play against higher private investment next year. Increased competitiveness as a result of peso depreciation may boost investment in some non-commodity export industries. Local businesses, accustomed to Chile's economic and political stability, will find it difficult to adjust to increased uncertainty.

Prospects of ocean-based renewable energy for West Africa’s sustainable energy future

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Ayokunle Adesanya ◽  
Sanjay Misra ◽  
Rytis Maskeliunas ◽  
Robertas Damasevicius
Keyword(s):  
Renewable Energy ◽  
West Africa ◽  
Fossil Fuels ◽  
Oil And Gas ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
Ocean Energy ◽  
African Region ◽  
The West ◽  
Content Type

PurposeThe limited supply of fossil fuels, constant rise in the demand of energy and the importance of reducing greenhouse emissions have brought the adoption of renewable energy sources for generation of electrical power. One of these sources that has the potential to supply the world’s energy needs is the ocean. Currently, ocean in West African region is mostly utilized for the extraction of oil and gas from the continental shelf. However, this resource is depleting, and the adaptation of ocean energy could be of major importance. The purpose of this paper is to discuss the possibilities of ocean-based renewable energy (OBRE) and analyze the economic impact of adapting an ocean energy using a thermal gradient (OTEC) approach for energy generation.Design/methodology/approachThe analysis is conducted from the perspective of cost, energy security and environmental protection.FindingsThis study shows that adapting ocean energy in the West Africa region can significantly produce the energy needed to match the rising energy demands for sustainable development of Nigeria. Although the transition toward using OBRE will incur high capital cost at the initial stage, eventually, it will lead to a cost-effective generation, transmission, environmental improvement and stable energy supply to match demand when compared with the conventional mode of generation in West Africa.Practical implicationsThis study will be helpful in determining the feasibility, performance, issues and environmental effects related to the generation and transmission of OBRE in the West Africa region.Originality/valueThe study will contribute toward analysis of the opportunities for adopting renewable energy sources and increasing energy sustainability for the West Africa coast regions.

scholarly journals Opportunities and Barriers to the Development of Poland in the Field of Renewable Energy Sources as Compared to the European Union

2020 ◽  
Author(s):  
Robert Muszyński ◽  
Katarzyna Kocur-Bera
Keyword(s):  
Renewable Energy ◽  
Fossil Fuels ◽  
Water Movement ◽  
Raw Materials ◽  
Renewable Energy Sources ◽  
Point Of View ◽  
Energy Sources ◽  
The European Union ◽  
Eu Member States ◽  
Almost All

Today, almost all of civilisation is based on energy. To a large extent, energy is being continuously acquired from non-renewable raw materials deposited in the Earth’s crust. Renewable sources provide alternative, infinite energy resources, particularly solar radiation, wind power and water movement. The Paris Agreement envisages the complete abandonment of fossil fuels by the year 2050 for all EU Member States. From a technical point of view, a complete transition to renewable energy sources (RES) is very difficult to achieve. In the case of Poland, the way to 100% RES is longer and more complex than in most EU countries. The main purpose of the conducted analysis was to thoroughly assess the possibilities for obtaining energy from inexhaustible sources as well as the benefits of various procedures in order to develop an optimal set of solutions. The aim of the presented study is to indicate the possibilities for the development of construction investments in the field of renewable energy sources that have an inseparable impact on spatial management. To achieve this aim, the method of research of the available literature and legislation was applied.

The oil and gas industry: finding the right stance in the energy transition sweepstakes

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Julia Hartmann ◽  
Andrew Inkpen ◽  
Kannan Ramaswamy
Keyword(s):  
Renewable Energy ◽  
Research Method ◽  
Fossil Fuels ◽  
Oil And Gas ◽  
Energy Transition ◽  
Oil And Gas Industry ◽  
Annual Reports ◽  
Content Type ◽  
Innovative Research ◽  
Oil And Gas Firms

Purpose The long-term energy transition from fossil fuels to renewable energy challenges the future of oil and gas firms. The purpose of this paper is to explore how the world’s largest oil and gas firms’ strategies are responding to the transition. Design/methodology/approach The authors used content analysis of annual reports to examine the renewable strategies of the world’s largest publicly traded oil and gas companies. Data were analyzed using two complementary statistical methodologies to build a taxonomy of the patterns in strategic behaviors involving renewable energy. Findings Five transition archetypes are identified – three reflect an active pursuit of renewable energy, whereas the other two are more defensive in posture. The authors also find that the firm’s country context has an important bearing on renewable strategy. Both normative social pressures and regulatory pressures play key roles in influencing a firm’s commitment to a renewables’ strategy. Research limitations/implications Using an innovative research method, we develop a new taxonomy to classify how the world’s largest oil and gas firms are shaping the transition from fossil fuels to renewable energy.. Originality/value Using an innovative research method, the authors developed a new taxonomy to classify how the world’s largest oil and gas firms are shaping the transition from fossil fuels to renewable energy.

China makes progress on environment -- but not enough

2015 ◽  
Keyword(s):  
Economic Growth ◽  
Heavy Metals ◽  
Fossil Fuels ◽  
Urban Air Pollution ◽  
Environmental Damage ◽  
Urban Air ◽  
Environmental Pressures ◽  
Content Type ◽  
Water And Soil Pollution ◽  
Almost All

Subject Environmental policy in China. Significance Environment minister Chen Jining acknowledged last month that China's environment had "reached its limit due to years of sprawling development". Dangerous levels of urban air pollution have attracted the most attention, but are just one of many threats. Reversing environmental degradation has been a priority for at least a decade, and there has been progress: almost all the binding targets relating to pollution under the 12th Five-Year Plan (2011-15) have been fulfilled. Yet environmental damage is still on a scale that can justifiably be called a crisis. Environmental enhancement will be at the heart of the 13th Five-year Plan (2016-20). Impacts China's slowing economic growth trajectory and a more prominent role for services promise to ease environmental pressures. Given the convergence of aims, environmental activism may be spared the worst of the Xi government's crackdown on civil society. There will be further progress in improving China's carbon footprint and reducing use of fossil fuels. There may soon be binding goals for pollutants such as PM2.5 and heavy metals, and also water and soil pollution.

GDP growth – energy consumption relationship: revisited

2014 ◽  
Vol 8 (3) ◽  
pp. 356-379 ◽  
Author(s):  
Usama Al-mulali
Keyword(s):  
Developing Countries ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Total Energy ◽  
Fossil Fuels ◽  
Gdp Growth ◽  
Economic Sectors ◽  
Total Energy Consumption ◽  
Renewable Energy Consumption ◽  
Content Type

Purpose – The purpose of this study was to investigate the relationship between gross domestic product (GDP) growth and renewable and non-renewable energy consumption in 82 developing countries categorized by region. Design/methodology/approach – To achieve the goal of this study, the panel model was used taking the period 1990-2009. Findings – The Kao co-integration test results showed that both renewable and non-renewable energy consumption had a long-running relationship with all the economic sectors in all regions. Moreover, the FMOLS revealed that the renewable and non-renewable energy consumption had a long-run positive relationship with the economic sectors. However, the results also revealed that non-renewable energy consumption has a more significant effect on the economic sectors than the renewable energy consumption. In addition, the Granger causality showed the same results, that the causal relationship between the economic sectors and non-renewable energy consumption is more significant than the causal relationship between the economic sectors and renewable energy. Practical implications – The reason behind these results is that these regions still depend on fossil fuels to promote their economic growth. Fossil fuels basically contribute more than 80 per cent of their total energy consumption. Thus, the study recommends the developing countries to increase their investment on renewable energy projects to increase the share of the renewable energy of total energy consumption. Originality/value – This study is considered different from all the previous studies because it will investigate the disaggregate relationship between GDP and energy consumption (renewable and non-renewable) in East Asia and Pacific, Europe and Central Asia, Latin America and the Caribbean, Middle East and North Africa, South Asia and the Sub-Saharan African developing countries.

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