Germany’s coal power phase-out will be costly

2019 ◽  
Keyword(s):  
Renewable Energy ◽  
Nuclear Energy ◽  
Coal Industry ◽  
Hard Coal ◽  
German Government ◽  
Content Type ◽  
Power Stations ◽  
Coal Power ◽  
Expert Commission ◽  
Phase Out

Significance The German government is aiming to phase out coal-fired power stations by 2038 based on a compromise proposed by an expert commission in January. Impacts The coal phase-out will increase pressure on other European countries to follow suit. Russia’s hard coal industry will be affected by falling demand from Germany. The phase-out of coal and nuclear energy is likely to accelerate the expansion of renewable energy.

South Korea's energy plans may struggle to stick

2017 ◽  
Keyword(s):  
Natural Gas ◽  
South Korea ◽  
Nuclear Energy ◽  
Fossil Fuel ◽  
Content Type ◽  
Gas Network ◽  
South Korean ◽  
Phase Out ◽  
Construction Services ◽  
Fossil Fuel Emissions

Subject Energy policy in South Korea. Significance President Moon Jae-in's administration plans to reduce fossil fuel emissions, increase the use of renewables and ultimately phase out commercial nuclear energy generation. Opponents view the current plans as threatening to South Korea’s economic, international and strategic standing, and Moon’s approach to governance as populist and ineffective. Impacts Natural gas exporters in North America, Indonesia and Australia will benefit from stronger South Korean demand. South Korea’s reputation in international commercial nuclear energy construction services will suffer a setback. Phasing out nuclear energy would make it more difficult for South Korea to acquire nuclear weapons. Moon's plan for an integrated East Asian natural gas network are far from realisation, but would have profound impacts.

Health groups call for phase out of coal power stations

BMJ ◽  
2013 ◽  
Vol 346 (mar12 1) ◽  
pp. f1635-f1635
Author(s):  
R. Watson
Keyword(s):  
Power Stations ◽  
Coal Power ◽  
Phase Out ◽  
Coal Power Stations

Climate and Energy Politics in Canada and Germany: Dealing with Fossil Fuel Legacies

2021 ◽  
Vol 14 (2) ◽  
pp. 29-55
Author(s):  
Stephan Schott ◽  
Miranda Alice Schreurs
Keyword(s):  
Climate Change ◽  
Strategic Alliances ◽  
Oil Sands ◽  
Nuclear Energy ◽  
Large Scale ◽  
Fossil Fuels ◽  
Policy Instruments ◽  
Energy Transition ◽  
Hard Coal ◽  
Phase Out

Canada and Germany are both pursuing major energy transitions and far-reaching climate programs but differ in terms of policies towards some energy sources and their preferred policy instruments. Both countries have committed to large scale emission reductions despite the challenge of regional divestment from fossil fuels: hard coal in North Rhine Westphalia and the Saarland; lignite in the Rhineland, on the German-Polish border in the Lusatsia (Lausitz) region, and in central Germany; coal in Alberta, Saskatchewan and Nova Scotia; and oil in Western Canada. We contrast the current Pan Canadian framework (PCF) on Clean Growth and Climate Change to the German Climate Law and the European Green Deal setting targets to become climate neutral by 2050.  Germany has plans for a dual phase out of nuclear energy by 2022 and coal by 2038. In contrast, Canada differs by province in terms of policies on fossil fuels and nuclear energy.  Both are leaders in renewable energies, but differ in the type of renewable energy which dominates. We further examine the international action components of the PCF and its implications for collaboration with Germany and the EU.  We discuss potential partnerships and strategic alliances between Canada and Germany in the context of their mutual interest to enable an energy transition and to lead to the implementation of the Paris agreement for climate change action.  We identify political challenges within each federation, and especially the approach to impacted coal regions in Germany and Poland as well as the Canadian oil sands.  Barriers to progress for meeting identified targets and timelines are considered. We conclude with insights on the possibility and likelihood of linking policies and regulatory measures across the Atlantic, and the political threats of advancing towards decarbonization and an energy transition away from fossil fuels in each jurisdiction.

Overcoming stereotypes of renewable energy

2019 ◽  
pp. 124-136
Author(s):  
Victor D. Gazman
Keyword(s):  
Renewable Energy ◽  
Empirical Analysis ◽  
Energy Generation ◽  
New Paradigm ◽  
Financial Instrument ◽  
Promising Direction ◽  
Investment Projects ◽  
Power Stations ◽  
New Generation ◽  
The Impact

The article considers prerequisites for the formation of a new paradigm in the energy sector. The factors that may affect the imminent change of leadership among the energy generation are analyzed. The variability of the projects of creation and functioning of power stations is examined. The focus is made on problematic aspects of the new generation, especially, storage and supply of energy, achieving a system of parity that ensures balance in pricing generations. The author substantiates the principles of forming system of parities arising when comparing traditional and new generations. The article presents the results of an empirical analysis of the 215 projects for the construction of facilities for renewable energy. The significance and direction of the impact of these factors on the growth in investment volumes of transactions are determined. The author considers leasing as an effective financial instrument for overcoming stereotypes of renewable energy and as a promising direction for accelerated implementation of investment projects.

Nuclear Energy and the Coal Industry

1955 ◽  
Vol 11 (1) ◽  
pp. 87-89
Author(s):  
Ernest Oppenheimer
Keyword(s):  
Nuclear Energy ◽  
Coal Industry

The path to a 2025 nuclear-free Taiwan: An analysis of dynamic competition among emissions, energy, and economy

2020 ◽  
pp. 0958305X2094998
Author(s):  
Chun Chih Chen
Keyword(s):  
Renewable Energy ◽  
Energy Consumption ◽  
Nuclear Energy ◽  
Fossil Fuel ◽  
Percentage Error ◽  
Kuznets Curve ◽  
Energy Mix ◽  
Improve Energy Efficiency ◽  
Relationship Analysis ◽  
The Government

Taiwan intends to be nuclear free by 2025. This study employs the Lotka–Volterra competition model for sustainable development to analyze the emissions–energy–economy (3Es) issue to make appropriate policy suggestions for a nuclear-free transition. It also offers a new approach to naming the 3E relationship. The literature review shows that the environmental Kuznets curve accompanies the feedback and conservation hypotheses. In the 3E dynamics relationship analysis, the model shows a good mean absolute percentage error (<15%) for the model estimation. The key findings are as follows: 1) the fossil fuel-led economy exists; 2) CO2 emissions are reduced with nuclear energy consumption; 3) renewable energy is far from scale; 4) a complementary effect exists between fossil fuel and nuclear energy consumption; and 5) gas retrofitting and phasing out of nuclear seem imminent. In the energy transition, Taiwan drastically cuts nuclear energy without considering energy diversity due to which troubles might ensue. The priority issue for Taiwan’s energy mix is energy security. To deal with these concerns, this study suggests the government could improve energy efficiency, build a smart grid, develop carbon capture and storage, and reconsider putting nuclear energy back into the energy mix before renewable energy is scaled.

scholarly journals The Flexible Operation of Coal Power and Its Renewable Integration Potential in China

2019 ◽  
Vol 11 (16) ◽  
pp. 4424 ◽  
Author(s):  
Chunning Na ◽  
Huan Pan ◽  
Yuhong Zhu ◽  
Jiahai Yuan ◽  
Lixia Ding ◽  
...  
Keyword(s):  
Renewable Energy ◽  
Power Systems ◽  
Power System ◽  
Large Scale ◽  
Renewable Integration ◽  
Flexible Resources ◽  
Feasible Option ◽  
Coal Power ◽  
Simulation Results ◽  
Flexible Operation

At present time, China’s power systems face significant challenges in integrating large-scale renewable energy and reducing the curtailed renewable energy. In order to avoid the curtailment of renewable energy, the power systems need significant flexibility requirements in China. In regions where coal is still heavily relied upon for generating electricity, the flexible operations of coal power units will be the most feasible option to face these challenges. The study first focused on the reasons why the flexible operation of existing coal power units would potentially promote the integration of renewable energy in China and then reviewed the impacts on the performance levels of the units. A simple flexibility operation model was constructed to estimate the integration potential with the existing coal power units under several different scenarios. This study’s simulation results revealed that the existing retrofitted coal power units could provide flexibility in the promotion of the integration of renewable energy in a certain extent. However, the integration potential increment of 20% of the rated power for the coal power units was found to be lower than that of 30% of the rated power. Therefore, by considering the performance impacts of the coal power units with low performances in load operations, it was considered to not be economical for those units to operate at lower than 30% of the rated power. It was believed that once the capacity share of the renewable energy had achieved a continuously growing trend, the existing coal power units would fail to meet the flexibility requirements. Therefore, it was recommended in this study that other flexible resources should be deployed in the power systems for the purpose of reducing the curtailment of renewable energy. Furthermore, based on this study’s obtained evidence, in order to realize a power system with high proportions of renewable energy, China should strive to establish a power system with adequate flexible resources in the future.

Greater acceptability, lower compensations required? The impact of perceived net benefits on willingness to accept nuclear energy projects

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Davide Contu ◽  
Elgilani Eltahir Elshareif
Keyword(s):  
United Arab Emirates ◽  
Nuclear Energy ◽  
Cost Benefit ◽  
Willingness To Accept ◽  
Content Type ◽  
Nuclear Plants ◽  
Energy Projects ◽  
The Uk ◽  
The Impact ◽  
Support Cost

Purpose This paper aims to estimate willingness to accept (WTA) hypothetical nuclear energy projects and the impact of net perceived benefits across three countries: Italy, a country without nuclear plants in operation; the UK, a country with nuclear plants in operation and the United Arab Emirates (UAE), which has more recently opted for the inclusion of nuclear energy in its energy mix. These valuations can support cost-benefit analyses by allowing policymakers to account for additional benefits and costs which would be otherwise neglected. Design/methodology/approach Data collection was conducted through online nationwide surveys, for a total of over 4,000 individuals sampled from Italy, the UK and the UAE. The surveys included choice experiments designed to elicit preferences towards nuclear energy in the form of WTA, indicating estimated compensations for welfare worsening changes and questions to measure perceived risks and benefits. Findings The average WTA/Km is the lowest for the case of the UAE. What is more, perceived net positive benefits tend to decrease the WTA required by the UAE respondents? Moreover, across the cases, albeit to a lesser extent with regard to Italy’s case, there is evidence that a more positive benefit perception seems to increase the valuation of environmental and public benefits offered as part of the experiment. Originality/value The contribution of this study is primarily twofold: first, it provides a comparison of WTA values in a context where the availability of choice experiment data is scant; second, it assesses whether and to what extent perceived net positive benefits of nuclear energy impact WTA of nuclear energy projects.

Is it attractive to invest in alternative energy? Evidence from a five-factor Fama-French model for regional DJSI and renewable stock indexes

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Antonio Garcia-Amate ◽  
Alicia Ramírez-Orellana ◽  
Alfonso A. Rojo Ramirez
Keyword(s):  
Renewable Energy ◽  
Alternative Energy ◽  
Factor Model ◽  
Five Factor Model ◽  
Private Investment ◽  
Ordinary Least Squares ◽  
Green Economy ◽  
Economic Implications ◽  
Content Type ◽  
Thomson Reuters

PurposeThis study aims to examine the attractiveness of the regional Dow Jones Sustainability Indexes (DJSI) and several renewable energy indexes during December 31, 2010 to December 31, 2019. This study uses a risk-return analysis and a set of explanatory factors. Lastly, this study conducts a comparative analysis of these indexes with conventional indexes. Design/methodology/approachThis study uses data from Eikon, a Thomson Reuters database. To analyze the indexes’ behavior, this study uses the indexes’ annual return as of December 31 for each year. Next, this study estimates the Fama and French’s five-factor model using an ordinary least squares regression for regional DJSI and renewable energy indexes. FindingsThe results show that regional DJSIs delivered returns both above and below conventional indexes. In contrast, renewable energy indexes had high betas and negative returns, making them unattractive to investors. Practical implicationsThe results imply the need for public financing programs that support the transition to a sustainable economy and reduce risk and increase the return on private investment. Social implicationsThis study provides insights for policymakers regarding the importance of sustainability indexes in the transition to a green economy. Originality/valueThis study contributes to the growing literature on Fama and French’s five-factor model of sustainability indexes, especially in the current context characterized by intense green political changes. In particular, this study complements the few studies that have addressed the economic implications of renewable energy indexes in markets.

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