Explained | How bad is the world’s energy crisis?
3 years, 3 months ago

Explained | How bad is the world’s energy crisis?

The Hindu  

The story so far: The world is facing an energy crunch as the supply of natural gas, coal and other energy sources fails to adequately satisfy demand. Natural gas prices have risen multifold in Europe this year while several factories in China have shut down due to power disruptions linked to the short supply of coal. Other analysts see the rise in energy prices as an example of ‘greenflation’ caused by increasing restrictions placed by governments on traditional energy sources. It is believed that this aggressive push towards the adoption of renewable energy may have led investors to under-invest in traditional energy sources, in turn leading to insufficient supplies to meet rising demand.

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History of this topic

UK ‘dangerously underprepared’ for future energy crisis and price spikes, experts warn
3 months ago

UK ‘dangerously underprepared’ for future energy crisis and price spikes, experts warn

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK is “dangerously underprepared” and vulnerable to another energy …

Opinion: Desperate for good news about climate change? Consider the pace of clean energy growth
3 months, 2 weeks ago

Opinion: Desperate for good news about climate change? Consider the pace of clean energy growth

LA Times  

Climate change has been viewed almost universally as a burden, a hot potato to be passed from country to country at annual climate change conferences. Although it’s widely known that climate-friendly solar and wind energy have become cheaper and easier to produce, most don’t realize that they are very likely to get even less expensive and grow quickly. Applying these …

Households wince at the rising price of going green
8 months, 1 week ago

Households wince at the rising price of going green

Live Mint  

When postal manager José Belloso put his Paris apartment up for sale this year he was required to have an inspector grade the home for energy efficiency under strict rules designed to fight climate change. The energy transition is falling “on the shoulders of the low- and mid-income-level people in a disproportionate way," said Fatih Birol, chief of the Paris-based …

War and subsidies have turbocharged the green transition
1 year, 1 month ago

War and subsidies have turbocharged the green transition

Hindustan Times  

To many activists, Lutzerath, an abandoned hamlet in Germany, symbolises the nightmare of the global energy crisis. By making coal, gas and oil scarcer and dearer—prices remain well above long-run averages, despite recent falls—Russia’s invasion of Ukraine has given renewable power, which is mostly generated domestically, a significant strategic and economic edge. Indeed, even as Mr Habeck endorsed coal mining …

To save the climate, the oil and gas sector must slash planet-warming operations, report says
1 year, 1 month ago

To save the climate, the oil and gas sector must slash planet-warming operations, report says

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Accelerating switch to renewables could put fossil fuel peak in sight this decade: International Energy Agency
1 year, 2 months ago

Accelerating switch to renewables could put fossil fuel peak in sight this decade: International Energy Agency

ABC  

Almost half of the world's electricity could come from emissions-free sources such as wind, solar and nuclear by the end of the decade according to a report from the International Energy Agency. Key points: The International Energy Agency projects emissions-free sources will provide half the world's power by 2030 Demand for fossil fuels including coal, oil and gas is predicted …

Renewable energy surges, driven by solar boom and high fuel prices, report finds
1 year, 7 months ago

Renewable energy surges, driven by solar boom and high fuel prices, report finds

Associated Press  

BERLIN — The world is set to add a record amount of renewable electricity capacity this year as governments and consumers seek to offset high energy prices and take advantage of a boom in solar power, according to a new report Thursday. The International Energy Agency said high fossil fuel prices — resulting from Russia’s attack on Ukraine — and …

Shift to clean energy accelerating, but coal investments too high, report says
1 year, 7 months ago

Shift to clean energy accelerating, but coal investments too high, report says

Associated Press  

JAKARTA, Indonesia — Energy security concerns — worsened by the war in Ukraine — and policy support from rich countries are likely to help investments in clean energy outpace spending on fossil fuels, the International Energy Agency said in a report issued Thursday. “There’s still a very long way to go, but there are finally some encouraging signs for us …

Study reveals toll of global energy crisis as 'total' energy costs spike
1 year, 10 months ago

Study reveals toll of global energy crisis as 'total' energy costs spike

ABC  

Up to 140 million extra people could be tipped into extreme poverty worldwide by an energy crisis that has sent prices soaring more than 100 per cent for many households, a new report has revealed. Key points: A report finds total household energy costs have risen between 62 per cent 113 per cent globally in a year Direct energy costs …

Australia adding green energy at less than half the required rate to keep grid stable: UNSW
1 year, 11 months ago

Australia adding green energy at less than half the required rate to keep grid stable: UNSW

ABC  

Australia is adding renewable energy at less than half the pace required to replace retiring coal-fired generation and meet its own 2030 climate targets, one of the country's top energy experts says. Key points: University of NSW research shows the growth rate of green energy needs to more than double A senior researcher says grid stability is at stake as …

Global emissions will peak in 2025, says International Energy Agency
2 years, 2 months ago

Global emissions will peak in 2025, says International Energy Agency

Deccan Chronicle  

Paris: The International Energy Agency on Thursday released its World Energy Outlook 2022 report, which stated that global emissions will peak in 2025. "In the Announced Pledges Scenario, the commitments in the Nationally Determined Contributions bring about a faster reduction in emissions: global emissions peak before 2025 and fall to 31.5 Gt CO2 in 2030, which is around 15per cent …

Why it makes economic sense to shift to renewable energy now
2 years, 3 months ago

Why it makes economic sense to shift to renewable energy now

Live Mint  

One of the commonest bogeys raised by those resisting the transition from fossil fuels to renewable energy, is that doing so will be too expensive. The International Monetary Fund stated earlier this month that steps to reduce greenhouse gas emissions by 25% by 2030 would lead to higher inflation and lower growth. In its World Economic Outlook 2022, the IMF …

Energy transition will lead to lower power prices but getting there could be costly, reports warn
2 years, 3 months ago

Energy transition will lead to lower power prices but getting there could be costly, reports warn

ABC  

After a turbulent year in the energy sector, two major reports released today have highlighted energy affordability as a significant challenge in Australia's transition away from fossil fuels to renewable power. Key points: The State of the Energy Market looks back on a year of change, including the unprecedented suspension of the wholesale electricity spot market in June It has …

Global energy crunch: A silver lining?
2 years, 3 months ago

Global energy crunch: A silver lining?

Hindustan Times  

Power scarcity is causing factory shutdowns and turning out streetlights in China. The entire world is crippled by an energy crunch, caused mainly due to the Covid-19 pandemic which was further exacerbated by the ongoing Russia-Ukraine war coupled with climate change-induced natural disasters. In Europe, the government is carrying out an awareness campaign and is asking its citizens to lower …

Lights out, ovens off: Europe preps for winter energy crisis
2 years, 3 months ago

Lights out, ovens off: Europe preps for winter energy crisis

LA Times  

An employee pushes bread rolls into one of the gas-heated ovens in the producing facility in Cafe Ernst in Neu Isenburg, Germany, on Sept. 19. With costs high and energy supplies tight, Europe is rolling out relief programs and plans to shake up electricity and natural gas markets as it prepares for rising energy use this winter. German Chancellor Olaf …

Why Europe’s energy prices are spiraling out of control
2 years, 3 months ago

Why Europe’s energy prices are spiraling out of control

Al Jazeera  

As the price of electricity skyrockets, people in the UK and EU are trying to find ways to cope. Halla Mohieddeen: Whether it’s in the UK, where wide swathes of people wonder if they can pay their bills Newsreel: An enormous number of families up and down the country in food and fuel poverty. So we’ve got, we’ve got, we’ll …

Global drought saps hydropower, complicating clean-energy push
2 years, 3 months ago

Global drought saps hydropower, complicating clean-energy push

Live Mint  

BY ANNA HIRTENSTEIN | UPDATED SEP 10, 2022 05:30 AM EDT Dry conditions in U.S., Europe and China have raised questions about how hydropower fits into changing energy mix Record drought across the globe this year dried up rivers and reservoirs and sapped the world’s largest source of renewable electricity: hydropower. California’s energy grid faced its biggest blackout risk since …

European Union to unveil new responses to energy crisis
2 years, 4 months ago

European Union to unveil new responses to energy crisis

The Hindu  

The European Union's next steps for addressing the continent's worsening energy crisis following Russia's invasion of Ukraine are expected to be unveiled next week, the European commissioner for energy said on September 6. Russia's state-run energy company has continued its shutdown of a pipeline carrying natural gas to Europe, in what German officials see as a political power play, and …

No 10 says no need to panic over energy supplies
2 years, 4 months ago

No 10 says no need to panic over energy supplies

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Households, businesses and industry can be confident they will …

Does the climate crisis fill you with dread? It doesn’t have to
2 years, 5 months ago

Does the climate crisis fill you with dread? It doesn’t have to

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Most people don’t want to read depressing news all the time, according to research – they just switch to …

Energy prices are causing chaos in Asia. Here’s why the rest of the world should worry
2 years, 6 months ago

Energy prices are causing chaos in Asia. Here’s why the rest of the world should worry

CNN  

CNN Business — In Sri Lanka, people queue for miles to fill a tank of fuel. “Energy demand has rebounded quite quickly from the coronavirus and more quickly than supply,” said Samantha Gross, director of the Brookings Institute’s Energy Security and Climate Initiative. So you’re shelling out a lot more money to try to buy the same things to keep …

Questions arise as global economy faces transition
2 years, 7 months ago

Questions arise as global economy faces transition

China Daily  

A cargo ship sits at PortMiami in Miami Beach, Florida, on June 9, 2022. But a global recession－defined as two consecutive quarters of negative GDP growth－remains unlikely, though a major shock, such as a dramatic expansion of conflict or a sudden and significant disruption in a key market like energy, could change this outlook. Europe, too, is likely to experience …

Australia's gas crisis is worse than you might think. Industries warn thousands could lose their jobs and consumers will pay more
2 years, 7 months ago

Australia's gas crisis is worse than you might think. Industries warn thousands could lose their jobs and consumers will pay more

ABC  

Australian manufacturers facing massive increases in gas prices are warning they could be forced to shut, with tens of thousands of jobs on the line. Key points: Spot gas prices have quadrupled, putting pressure on energy-intensive businesses Industry groups are calling for federal government intervention Affected businesses say potentially thousands of jobs are on the line Gas prices on the …

Gas is a dangerous distraction for Africa
2 years, 7 months ago

Gas is a dangerous distraction for Africa

Al Jazeera  

Arguments for gas exploration and gas-fired power infrastructure in Africa are robbing us of vital time to switch to clean energy. Despite United Nations Secretary-General António Guterres recently warning that investing in new fossil fuel infrastructure is “moral and economic madness”, leaders in Africa are being persuaded that extracting more gas is a prerequisite for the continent’s development. In many …

Soaring bills, Russian gas, and the climate crisis – the energy strategy fails to address any of these issues
2 years, 9 months ago

Soaring bills, Russian gas, and the climate crisis – the energy strategy fails to address any of these issues

The Independent  

The government’s new energy security strategy is a complete shambles. The government has left the door open to more fracking, and the strategy also focuses on nuclear power – the most expensive form of power generation possible – which could add over £80 a year to household fuel bills, and take decades to build. As a result, the government’s energy …

Energy agency: ‘Radical action’ needed to hit climate goals
2 years, 9 months ago

Energy agency: ‘Radical action’ needed to hit climate goals

Associated Press  

BERLIN — The world must take “radical action” by investing $5.7 trillion in private and public money each year through 2030 to shift away from fossil fuels and ensure the planetary warming they cause doesn’t pass dangerous thresholds, the International Renewable Energy Agency says. In a 348-page report published Tuesday on the state of the global energy transition, the agency …

Amid protests, Europe limited in curbing high energy prices
2 years, 9 months ago

Amid protests, Europe limited in curbing high energy prices

Associated Press  

MADRID — Across Europe, governments are slashing fuel taxes and doling out tens of billions to help consumers, truckers, farmers and others cope with spiking energy prices made worse by Russia’s invasion of Ukraine. But she called them partial solutions that “only make a small difference.” “The main problem is that these measures to keep energy prices low will also …

Key energy agencies diverge as demand and oil prices climb
2 years, 10 months ago

Key energy agencies diverge as demand and oil prices climb

Associated Press  

DUBAI, United Arab Emirates — Leaders of the world’s most consequential energy bodies gathered for a forum Wednesday to discuss the uncertain future of oil as demand rebounds and prices climb, all while a growing roster of nations pledge to transition to cleaner forms of energy. The reality is that 80% of the world’s energy needs continue to be met …

‘A future full of risks’: What’s next for climate crisis conversations in 2022?
2 years, 11 months ago

‘A future full of risks’: What’s next for climate crisis conversations in 2022?

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. “Therefore we need to enable all countries to do that, to transition to an economy that’s not based on …

Energy crisis: UK consumers face rising fuel poverty this winter
3 years, 2 months ago

Energy crisis: UK consumers face rising fuel poverty this winter

Al Jazeera  

Colwyn Bay, Wales, United Kingdom – David Peacock is a 70-year-old with disabilities, living on his own in a flat in Llandudno, a Victorian resort town in North Wales, the United Kingdom. What campaigners want “Millions of people are desperate, not knowing how they can possibly manage this winter, with the fuel price rise coming on top of an unprecedented …

Energy crisis will set off social unrest, private-equity billionaire warns
3 years, 2 months ago

Energy crisis will set off social unrest, private-equity billionaire warns

CNN  

New York CNN Business — Blackstone CEO Stephen Schwarzman warned Tuesday that high energy prices will likely set off social unrest around the world. “You’re going to get very unhappy people around the world in the emerging markets in particular but in the developed world,” Schwarzman said at the Future Investment Initiative. “If you try and raise money to drill …

Is there an "energy crisis"? Not really — fossil fuels are collapsing, and it's high time
3 years, 2 months ago

Is there an "energy crisis"? Not really — fossil fuels are collapsing, and it's high time

Salon  

The Economist calls it "The Energy Shock." I'd describe it as the first fossil fuel collapse of the clean energy transition, or even as proof that cleaner and faster means cheaper and stable energy." One factor in this capital strike is large-scale collective unfamiliarity with the dynamics of an energy transition, and a persistent but incorrect belief that a slow …

Energy crunch hits global recovery as winter approaches
3 years, 2 months ago

Energy crunch hits global recovery as winter approaches

Associated Press  

Power shortages are turning out streetlights and shutting down factories in China. The crunch is likely short term but it’s difficult to say how long higher fossil fuel prices will last, said Claudia Kemfert, an energy economics expert at the German Institute for Economic Research in Berlin. It’s as simple as that.” High energy prices already were hitting the region’s …

Energy crunch hits global recovery as winter approaches
3 years, 2 months ago

Energy crunch hits global recovery as winter approaches

LA Times  

Steam billows from cooling towers at a coal-fired power station in Nanjing, China. The crunch is probably short term but it’s difficult to say how long higher fossil fuel prices will last, said Claudia Kemfert, an energy economics expert at the German Institute for Economic Research in Berlin. It’s as simple as that.” High energy prices already were hitting the …

An energy crisis is looming and it could cost us all as stagflation prepares to make a comeback
3 years, 2 months ago

An energy crisis is looming and it could cost us all as stagflation prepares to make a comeback

ABC  

There are likely to be some awkward moments when world leaders gather in Glasgow in a fortnight for what could be the most important powwow for the future of the planet. In what must be the ultimate irony, given US President Joe Biden is leading the push for lower carbon emissions and to remove coal from electricity generation, American power …

World's not ready to leave 'king coal' behind, transition to renewable energy sources have been slow
3 years, 3 months ago

World's not ready to leave 'king coal' behind, transition to renewable energy sources have been slow

Firstpost  

Global economic recovery means coal demand is likely to surpass its 2019 level and retain its crown of being the leading source of greenhouse gas emissions. While the Covid-19 pandemic initially caused a drop in greenhouse gas emissions as economic activity dropped, the pandemic may not have accelerated the shift to renewables: Renewables boom Renewables are now the number two …

A global energy crisis is coming. There’s no quick fix
3 years, 3 months ago

A global energy crisis is coming. There’s no quick fix

CNN  

London CNN Business — Astronomical increases in natural gas prices. “The immediate priority should be to mitigate social impacts and protect vulnerable households.” In Europe, natural gas is now trading at the equivalent of $230 per barrel, in oil terms — up more than 130% since the beginning of September and more than eight times higher than the same point …

The Grid Isn’t Ready for the Renewable Revolution
3 years, 3 months ago

The Grid Isn’t Ready for the Renewable Revolution

Wired  

You can almost hear the electrical grid creaking and groaning under the weight of the future, as two forces converge to push it—often literally—to its breaking point. One force is climate change, which can exacerbate disasters that take down parts of the grid, as Hurricane Ida did this summer, knocking New Orleans offline just as a heat wave settled in. …

The NEW Winter of Discontent thanks to high gas prices and lorry driver shortage
3 years, 3 months ago

The NEW Winter of Discontent thanks to high gas prices and lorry driver shortage

Daily Mail  

Rising natural gas prices, an energy network 'not fit for purpose' and a shortage of lorry drivers are creating a 'perfect storm' to cripple the UK, experts warned today. CRISIS 1: GAS PRICES SPIKE - Energy firms go bust - Risk of '3-day week' Business Secretary Kwasi Kwarteng is holding a fresh round of crisis talks with the energy industry …

Despite The Focus On Fighting Climate Change, U.S. Demand For Coal Surged This Summer
3 years, 4 months ago

Despite The Focus On Fighting Climate Change, U.S. Demand For Coal Surged This Summer

NPR  

Despite The Focus On Fighting Climate Change, U.S. Demand For Coal Surged This Summer The U.S. is expected to burn more coal to generate electricity this year. High natural gas prices and electricity demand are boosting coal for now, but the industry will likely start to decline. He says they plan to reduce their carbon footprints to address climate change, …

India may build new coal plants due to low cost despite climate change
3 years, 8 months ago

India may build new coal plants due to low cost despite climate change

The Hindu  

India may build new coal-fired power plants as they generate the cheapest power, according to a draft electricity policy document seen by Reuters, despite growing calls from environmentalists to deter use of coal. But a 28-page February draft of the National Electricity Policy 2021 — which has not been made public — showed India may add new coal-fired capacity, though …

Solar power could be ‘the new king’ as global electricity demand grows
4 years, 3 months ago

Solar power could be ‘the new king’ as global electricity demand grows

CNN  

London CNN Business — Renewable energy, led by solar power, could make up 80% of the growth in electricity generation over the next decade, according to a report published Tuesday. Solar performs even more strongly in the IEA’s“Sustainable Development Scenario,” in which a surge in clean energy policies and investment puts the world on track to reach the goals of …

Climate crisis: Wind and solar produce record 10% of world’s electricity, but scientists warn faster change is needed
4 years, 5 months ago

Climate crisis: Wind and solar produce record 10% of world’s electricity, but scientists warn faster change is needed

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Over the first half of 2020, wind turbines and solar panels together produced a record 10 per cent of …

Climate change: World won’t hit climate goals unless energy innovation is rapidly accelerated
4 years, 6 months ago

Climate change: World won’t hit climate goals unless energy innovation is rapidly accelerated

CNN  

New York CNN Business — Solar and wind power are booming. “The message is very clear: in the absence of much faster clean energy innovation, achieving net-zero goals in 2050 will be all but impossible,” Fatih Birol, the IEA’s executive director, said in a statement. Still, the IEA said there are “no single or simple solutions to putting the world …

Ditching coal for clean energy such as wind and solar 'will save money by 2022', report predicts
4 years, 6 months ago

Ditching coal for clean energy such as wind and solar 'will save money by 2022', report predicts

Daily Mail  

Coal power stations are polluting and expensive, and the falling cost of clean energy is pushing the dirty fossil fuel to the brink of extinction, a report has found. Analysis showed installing environmentally-friendly energy sources, such as wind and solar farms, is cheaper than the running costs of 39 per cent of global coal stations. Solar and wind produced 11.45 …

The energy market is vital to the world’s green economic recovery
4 years, 7 months ago

The energy market is vital to the world’s green economic recovery

The Independent  

The best of Voices delivered to your inbox every week - from controversial columns to expert analysis Sign up for our free weekly Voices newsletter for expert opinion and columns Sign up to our free weekly Voices newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Now is the time to use …

IEA World Energy Report: Global energy investment could fall by $400 billion this year
4 years, 7 months ago

IEA World Energy Report: Global energy investment could fall by $400 billion this year

CNN  

London CNN Business — The coronavirus pandemic may have slashed global carbon emissions but a historic slump in global energy investment this year could threaten climate goals in the longer term, according to a new report. The International Energy Agency said Wednesday that global investment could plunge by a record $400 billion this year, with spending expected to plummet across …

Climate crisis: Renewable energy overtakes fossil fuels for first three months of the year
4 years, 7 months ago

Climate crisis: Renewable energy overtakes fossil fuels for first three months of the year

The Independent  

Renewable energy generated more than 40 per cent of Britain’s power during the first three months of the year – contributing more to the energy mix than fossil fuels during this period for the first time, analysis has revealed. Record levels of wind power during the blustery conditions helped push down electricity generation from fossil fuels by 25 per cent …

Global energy demand dealt a huge blow by the coronavirus pandemic says IEA report
4 years, 8 months ago

Global energy demand dealt a huge blow by the coronavirus pandemic says IEA report

CNN  

London CNN Business — Global energy use has been dealt such a huge blow by the coronavirus pandemic that it’s like wiping out demand from all of India, a country of 1.3 billion people and the world’s third biggest consumer. That’s according to the International Energy Agency, which said in a new report Thursday that demand for energy could crash …

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