What Governments Got Wrong About The Global Energy Transition

The energy crisis in Europe exposed the complexity of a transition to green energy: it is not happening overnight, and it cannot be done successfully with the old tricks. Energy systems, markets, and grids globally need fundamental changes to legislation, regulation, and oversight in order to accommodate 100-percent zero-emission sources. And even in that case, power systems need flexibility and backups in order to avert similar crises down the road as many parts of the world commit to net-zero emissions by 2050 or 2060.

The current crisis in the UK is a cautionary tale about how not to rush to green energy, Rochelle Toplensky of The Wall Street Journal >notes.

Net-zero electricity systems need an entirely new set of rules in all areas of the energy systems and power markets, as well as enough flexibility to offset environmental factors such as low wind speeds, which happened in the UK last month.

The UK has cut its reliance on coal dramatically over the past decade.

But its power systems are not yet as resilient to a major transition to low-carbon energy sources as to prevent concerns about its power supply, the Journal’s Toplensky argues.

The current energy crisis in the UK, the rest of Europe, and in major energy importers in Asia is a warning to policymakers that the transition cannot be rushed before new rules are set in place and backup battery storage is built en masse to support soaring new solar and wind capacity.

Boosting power grid resilience, building battery storage, and widespread use of the much-touted green hydrogen will require trillions of U.S. dollars of investment, government support, and much greater coordination and cooperation among industry and policymakers at the national and international level.

Source : https://oilprice.com/Energy/Energy-General/What-Governments-Got-Wrong-About-The-Global-Energy-Transition.html

329
Big Oil wants to be Big Wind. Can drillers be trusted?

Source:E&E

Big Oil wants to be Big Wind. Can drillers be trusted?

Big Oil wants to be Big Wind. Can fossil fuel companies be trusted?

Source:WBUR

Big Oil wants to be Big Wind. Can fossil fuel companies be trusted?

President Biden’s Department Of Energy Just Affirmed Much More Oil And Natural Gas

Source:Forbes

President Biden’s Department Of Energy Just Affirmed Much More Oil And Natural Gas