Policies for Financing the Energy Transition

Daedalus ◽  
2012 ◽  
Vol 141 (2) ◽  
pp. 94-104 ◽  
Author(s):  
Kassia Yanosek
Keyword(s):  
Private Equity ◽  
Energy Transition ◽  
Private Investment ◽  
Clean Energy ◽  
Innovative Technology ◽  
Policy Makers ◽  
Energy Projects ◽  
Energy Economy ◽  
Clean Energy Policy

Historically, energy transitions have occurred gradually over the span of several decades, marked by incremental improvements in technologies. In recent years, public interest in accelerating the next energy transition has fueled a clean-energy policy agenda intended to underpin the development of a decarbonized energy economy. However, policies to date have encouraged investors to fund renewable energy projects utilizing proven technologies that are not competitive without the help of government subsidies. A true transition of the energy mix requires innovations that can compete with conventional energy over the long term. Investments in innovative technology projects are scarce because of the “commercialization gap,” which affects projects that are too capital-intensive for venture capital yet too risky for private equity, project, or corporate debt financing. Accelerating innovation through the commercialization gap will require governments to allocate public dollars to, and encourage private investment in, these riskier projects. Policy-makers will face a trade-off between prioritizing policies for accelerating the energy transition and accounting for the risks associated with innovation funding in a tight budgetary environment.

Ammonia and Methanol as Energy Carriers Towards 2060 The Long-Term Plan Strategy: A Comparative Perspective of China and Indonesia Cases

2021 ◽  
Vol 20 (1) ◽  
pp. 76-90
Author(s):  
Tri Ligayanti ◽  
Raldi Hendro
Keyword(s):  
Energy Transition ◽  
Primary Energy ◽  
Policy Makers ◽  
Energy Carriers ◽  
Policy And Strategy ◽  
Energy Economy ◽  
Carbon Neutral ◽  
Management Optimization

The objective of this paper was to review China’s long-term carbon neutral 2060 policy and to compare with Indonesia’s case in term of energy carriers such as Ammonia and Methanol. Topics regarding China and Indonesia's long-term carbon neutral 2060 policy and strategy are important to be discussed because it will open up issues related to the role of primary energy, chemical-energy nexus and the blue energy economy supported by technology innovation, and political will. The energy-chemical nexus on the background of the Ammonia & Methanol industries are the largest sources of CO2 emissions in China, so it will contribute significantly to emission reductions from the energy transition to carbon neutral energy. From the efforts made by China, it can provide information and considerations to Indonesian policy makers and researchers on their efforts regarding resource management optimization to reconcile the tradeoffs on resources protection and development of socioeconomic as well as to ensure a sustainable system.ABSTRAKTujuan dari makalah ini adalah untuk meninjau kebijakan netral karbon jangka panjang Tiongkok 2060 dan membandingkan dengan kasus Indonesia dalam hal pembawa energi seperti Amoniak dan Metanol. Topik mengenai kebijakan dan strategi jangka panjang karbon netral 2060 Tiongkok dan Indonesia penting untuk dibahas karena akan mengangkat isu terkait peran energi primer, perhubungan energi kimia dan ekonomi energi biru yang didukung oleh inovasi teknologi, dan kemauan politik. Hubungan energi-kimia di latarbelakangi industri Amoniak & Metanol adalah sumber emisi CO2 terbesar di Tiongkok, sehingga akan berkontribusi signifikan terhadap pengurangan emisi dari transisi energi ke energi netral karbon. Dari upaya yang dilakukan oleh Tiongkok, dapat memberikan informasi dan pertimbangan kepada pembuat kebijakan dan peneliti Indonesia tentang upaya mereka mengenai optimalisasi pengelolaan sumber daya untuk mempertemukan timbal balik perlindungan sumber daya dan pengembangan sosial ekonomi serta untuk memastikan sistem yang berkelanjutan.

scholarly journals Regional and international aspects of energy security

2011 ◽  
Vol 63 (2) ◽  
pp. 260-275
Author(s):  
Miroslav Antevski ◽  
Dobrica Vesic ◽  
Ljiljana Kontic
Keyword(s):  
Energy Security ◽  
Clean Energy ◽  
Energy Sources ◽  
Energy Market ◽  
Dominant Position ◽  
The Third ◽  
Energy Projects ◽  
New Energy ◽  
International Aspects

Energy security may be defined, generally, as the availability of clean energy sources at affordable prices. If a country or region does not have its own sources of energy in the necessary extent, their energy security is in a long-term threat. To this point, countries seek to achieve diversification of energy sources and transport routes. This is one of the reasons for launching new energy projects in Europe and Asia; the other is an attempt by Russia to consolidate its dominant position on the part of the international energy market; the third factor is the oil transnational corporations. Russia is the dominant natural trading partner and Europe?s energy supplier. Problems with the transit of natural gas and oil from Russia to Europe, which directly threaten its energy security, were the reason to launch the new energy projects.

scholarly journals EUROPEAN GREEN DEAL AND NEW OPPORTUNITIES FOR THE DEVELOPMENT OF RENEWABLE ENERGY

2021 ◽  
Vol 43 (1) ◽  
pp. 75-81
Author(s):  
T.A. Zheliezna
Keyword(s):  
Renewable Energy ◽  
Renewable Energy Sources ◽  
Sustainable Use ◽  
Energy Transition ◽  
Clean Energy ◽  
Green Energy ◽  
Low Carbon ◽  
Climate Neutrality ◽  
Goals And Objectives

The aim of the work is to develop recommendations for Ukraine on setting long-term integrated climate and energy goals and identifying ways to achieve them. The preconditions, main goals and objectives of the European Green Deal, which was presented by the European Commission in December 2019, are analyzed. The European Green Deal is a comprehensive strategy for the transition to a sustainable economy, clean energy and climate neutrality, i.e., zero greenhouse gas emissions, in Europe by 2050. The adoption of this Deal was preceded by several stages of a coherent EU policy in the relevant sectors. Possibilities for renewable energy development within the framework of the European Green Deal are considered. It is determined that preference is given to the production of green electricity, mobilization of the potential of offshore renewable energy, production of biogas and biofuels from biomass of agricultural origin, sustainable use of low-carbon and renewable fuels, including biomass and hydrogen, in hard-to-electricity sectors. In Ukraine, the document that is closest by its contents to the European Green Deal is the draft Concept of green energy transition until 2050 presented in January 2020. The draft Concept states the goal of achieving 70% of renewable energy sources in electricity generation by 2050 and the climate-neutral economy of Ukraine by 2070. It is recommended that this document should be finalized and adopted formally as soon as possible.

scholarly journals Environment-Friendly Energy Research in Norway

2021 ◽  
pp. 49-70
Author(s):  
Antti Silvast ◽  
Chris Foulds
Keyword(s):  
Research Council ◽  
Energy Transition ◽  
Clean Energy ◽  
Energy Research ◽  
Private Companies ◽  
Environment Friendly ◽  
Social Sciences And Humanities ◽  
Research Institutes ◽  
Project Participants

AbstractThe Research Council of Norway established the Centres for Environment-Friendly Energy Research in 2009. These are long-term national centres that are meant to integrate academics with industries, private companies, regulating bodies, governmental organisations, and research institutes, to trigger a clean-energy transition and pursue environmental innovations. Increasingly, addressing energy issues through the integration of technological and Social Sciences and Humanities disciplines has become expected in these Centres. This chapter draws from interviews with the project participants and fieldwork to demonstrate how different academics and professionals experienced these interdisciplinary collaborations, including what consequences and dynamics such collaborations generated. We round up by interpreting the findings along with the traits of interdisciplinarity that have been emerging in this book.

scholarly journals Energy Benchmarking of Existing Office Stock in Spain: Trends and Drivers

2019 ◽  
Vol 11 (22) ◽  
pp. 6356 ◽  
Author(s):  
Gangolells ◽  
Casals ◽  
Ferré-Bigorra ◽  
Forcada ◽  
Macarulla ◽  
...  
Keyword(s):  
Energy Consumption ◽  
Energy Use ◽  
Energy Transition ◽  
Clean Energy ◽  
Energy Performance ◽  
Conservation Strategies ◽  
Building Stock ◽  
Policy Makers ◽  
Certification Procedure ◽  
Using Data

Buildings play a central role in the clean energy transition, which is why it is vital to understand how energy is consumed in this sector. Energy performance certificate databases are considered a key source of information on the characteristics of built building stock. Despite a growing portfolio of studies based on information from such databases, little is known about energy consumption in offices. This paper explores the modelled energy performance of existing offices in Spain, using data from 13,701 energy performance certificates collected by the Catalan Institute of Energy (ICAEN) in 2013–2018. Offices were found to consume between 202.66 and 212.10 kWhp/m2·year and were mostly ranked in classes C and D (~64%). Offices with E, F or G labels represent ~28% of the sample while A and B energy ratings are very scarce (~8%). Key drivers of energy consumption variation were found to be the office type, construction period, climate zone, renewable energy use, energy certification procedure and motivation for obtaining an energy performance certificate. Ownership was not found to affect average calculated energy consumption. The results will help policy makers to plan future energy conservation strategies.

scholarly journals Empowering Vulnerable Consumers to Join Renewable Energy Communities—Towards an Inclusive Design of the Clean Energy Package

Energies ◽  
2020 ◽  
Vol 13 (7) ◽  
pp. 1615 ◽  
Author(s):  
Florian Hanke ◽  
Jens Lowitzsch
Keyword(s):  
Renewable Energy ◽  
Energy Transition ◽  
Clean Energy ◽  
Consumer Empowerment ◽  
Specific Design ◽  
Policy Makers ◽  
Unequal Distribution ◽  
Vulnerable Consumers ◽  
Energy Justice ◽  
Energy Package

The unequal distribution of costs and benefits of the energy transition is a challenge for energy justice and energy policy. Although the empowerment of consumers to participate in renewable energy communities (RECs) has great potential for a just energy transition, vulnerable consumers remain underrepresented in RE projects. The recast of the European renewable energy directive obliges the European Member States to facilitate the participation of vulnerable consumers and support their inclusion in its “enabling framework” for prosumership. However, the type and specific design of corresponding measures remains unclear. Against this background this article investigates consumer empowerment in a vulnerability context. In particular we stress the need to understand how vulnerability affects participation in RECs to inform both policy makers and practitioners on its specificities and restrictions for the “enabling framework”. To prevent the inclusion of vulnerable consumers in RECs from remaining an idea on paper lawmakers need to be made aware of the implications for a consistent “enabling framework”. We argue that both individual vulnerable consumers as well as RECs need incentives and support to boost RECs’ capacity to include groups that until now remain underrepresented.

scholarly journals A Strategic and Smart Environmental Assessment of Rapid Urbanization in Beijing

Energies ◽  
2021 ◽  
Vol 14 (16) ◽  
pp. 5138
Author(s):  
Paulina Rodríguez Fiscal ◽  
Rallou Taratori ◽  
Marie Abigail Pacho ◽  
Christos S. Ioakimidis ◽  
Sesil Koutra
Keyword(s):  
Developing Countries ◽  
Energy Transition ◽  
Clean Energy ◽  
Rapid Urbanization ◽  
Carbon Neutrality ◽  
Green Development ◽  
Smart Technologies ◽  
Beijing China

One of the key challenges of developing countries is to tackle the mitigation of the impacts of rapid and uncontrolled urbanization. Assessing this phenomenon is crucial to lessen the consequences for the environment and society. ‘Literature has been concentrated in planning strategies for the cities’ adaptation and engagements to the principles of green development ensuring a long-term quality of life for their citizens. Hereby, smart technologies and applications consist of two of the most encouraging concepts for solutions for achieving the 2030 and 2050 horizon targets towards clean energy transition and carbon neutrality. In academia, scholars have already raised the importance of ‘smartness’ to define the adaptative patterns for the global pressures of climate change and uncontrolled urban growth. The mitigation of these phenomena is crucial to ensure the cities’ future and lessen their impacts. This study seeks a strategic and smart-driven vision to leverage smartness on the phenomenon of rapid urbanization that occurred in the case of Beijing, China. Defining and evaluating the environmental impacts in line with the RIAM approach as one of its main targets. Future works can be focused on addressing solutions in similar cases in further developing countries to not only overcome environmental, but also economic, social, and digital complications.

Covid-19 Pandemic Deranging Energy Transition in Uganda: Challenges and Prospects

2020 ◽  
Vol 1 (2) ◽  
pp. 211-216
Author(s):  
Susan Nakanwagi ◽  
Ayebare Tom Rukundo
Keyword(s):  
Global Economy ◽  
Renewable Energy Sources ◽  
Energy Transition ◽  
Clean Energy ◽  
Carbon Trading ◽  
The European Union ◽  
Global Pandemic ◽  
Energy Projects ◽  
Oil Crisis ◽  
Trading Scheme

The coronavirus (Covid-19) global pandemic of 2020 is alarming for economic growth and development. Several sectors in the world have experienced shocks, and the energy industry has intensely suffered as characterised by the massive drop in petroleum prices. Only a pick-up in global oil demand would overcome the oil crisis after the lifting of comprehensive lockdown measures and the economic revamp. During this period, environmental advocates are pressing for the transition from traditional fuel sources like coal and oil to renewable energy sources. Moreover, clean energy projects are more likely to be impacted by the pandemic because of the effect on foreign exchange and the global economy. The energy transition has also faced other major setbacks by the Covid-19 crisis. Globally, many policies related to climate and energy, such as the carbon trading scheme of the European Union (EU) have been shelved or postponed. This article thus explores the Covid-19 impact on the global economies with a focus on Uganda which is yet to start actual petroleum production and how they face challenges in adapting to the energy transition movement. The governments are encouraged to realign policies and also extend Covid-19 fiscal recovery packages to cover clean energy investments.

An Enquiry into the Political Economy of the Global Clean Energy Transition Policies and Nigeria’s Federal and State Governments’ Fiscal Policies

2017 ◽  
Author(s):  
David Onyinyechi Agu ◽  
Evelyn Nwamaka Ogbeide-Osaretin
Keyword(s):  
Fiscal Policy ◽  
Energy Transition ◽  
Clean Energy ◽  
Policy Implications ◽  
The Political ◽  
State Governments ◽  
Fiscal Policies ◽  
Energy Projects ◽  
Oil Revenues ◽  
National Governments

In order to implement clean energy transition programmes, the national and sub-national governments in Nigeria will incur certain costs. Similarly, failure to implement the policies will come with some costs. This chapter therefore considers the fiscal policy implications of Nigerian governments’ implementation of clean energy transition policies in the country. The analysis also reveals that the observed reluctance of Nigerian governments in implementing the policies is obviously unconnected with their dependence on oil revenues. The study further shows the fiscal policy implications of Nigerian governments’ inaction especially when other countries implement their clean energy transition policies. The study concludes that to implement clean energy policies, Nigerian governments may not necessarily increase cost, but prioritize clean energy projects.

scholarly journals Best Practices for an Equitable Clean Energy Transition: A Toolkit for U.S. States

2021 ◽  
Vol 18 (02) ◽  
Author(s):  
Sindhu S. Nathan ◽  
Kavitha Chintam ◽  
Brooks Clingman ◽  
Alexandra Johnson
Keyword(s):  
Best Practices ◽  
Low Income ◽  
Energy Transition ◽  
Clean Energy ◽  
State Governments ◽  
Disadvantaged Communities ◽  
Energy Projects ◽  
Electricity Costs ◽  
Investment Requirement ◽  
Gain Access

The clean energy transition is underway, providing valuable insights for governments introducing clean energy policies. However, not all policies are equal, and some communities are excluded from the benefits of the energy transition without policies that explicitly involve them. These excluded people are members of environmental justice communities, people from low-income communities, and others who have been historically discriminated against. We propose a “clean energy equity toolkit” to promote an equitable transition for U.S. state governments presented to the leadership of the National Governors Association, where state governments share best practices. This toolkit identifies policies that help more people reap lower electricity costs, gain access to clean energy jobs, and realize other benefits like improved air quality. We recommend three policies: (1) establish a Clean Energy Equity Office, (2) develop a Clean Energy Career Advancement Program, and (3) implement a minimum resource investment requirement for clean energy projects benefiting disadvantaged communities. Though this toolkit is directed to U.S. state governments, the policies can be adapted by other interested parties and states, domestic and international.

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