Social Behavior and Public Policy for Climate Change Mitigation
January 3, 2011
Prices are not sufficient to elicit the necessary investment and behavioral responses required for the transition to a low-carbon society because there exist: Financial and “hidden” costs; multiple objectives, conflicting signals, or information and other market failures; and behavioral and motivational factors. As a consequence, standards and regulations must complement market mechanisms; information policies are required; and public financing for investment is needed.
Market Based Policy for Climate Change Mitigation
January 3, 2011
The fundamental changes required in the energy sector for the transition to a low-carbon economy cannot be implemented if public policy does not create the proper incentives for this transition. And for public policy to be efficient it must be based on market based instruments, chiefly environmental taxes and tradable emission permits. Besides efficient, these instruments are very effective, and provide the greatest incentives for R&D.
The Role of Carbon Capture and Storage (CCS) for Climate Change Mitigation
November 11, 2010
CCS could reconcile the continued use of fossil fuels over the medium to long term with the need for deep cuts in CO2 emissions. A demonstration program of commercial scale CCS projects would allow to prove the various CCS technologies at large scale, to identify risks and to achieve public and industry confidence in CCS. Regulatory issues, particularly around storage liability and the legality of storage will need to be resolved, and funding found to support the demonstration project phase.
The Role of Renewable Energies for Climate Change Mitigation
November 11, 2010
Renewable energy sources will be a necessary element of any future sustainable energy system. Not only do they provide a valuable alternative to fossil fuels, they are also much more climate friendly. In economic terms, the development of this sector does present many future benefits, but in order for these to flourish it will be necessary to put a price on the negative externalities of other energy sources, which should facilitate the required investments in R&D.
The Role of Energy Efficiency for Climate Change Mitigation
November 11, 2010
Energy efficiency is not only a requirement for climate change mitigation policies, but for overall economic efficiency. In many occasions, improving energy efficiency is a win-win option that may help to simultaneously reduce green-house gas emissions and input costs in many economic processes. In terms of business development, providing energy efficiency services through energy service companies (ESCOs) is a very lucrative business opportunity.
Mitsubishi in line with new trend of buying sales pipeline
March 10, 2009
Mitsubishi takes stake in Acciona solar firm | www.reuters.com
The acquisition of parts of Acciona is in line with the action other companies are undertaking to secure their sales pipelines.
The purchase of Union Fenosa by Gas Natural is going to be slightly delayed
February 4, 2009
Retraso para Gas en la CNC | www.enervia.com
1) Nothing seems likely to avoid that the CNC finally approves the purchase of Unión Fenosa by Gas Natural. What remains to know is how deep the CNC is going to get into mandating Gas Natural to make disinvestments, but we shouldn’t expect that the CNC requires large ones. The CNC cannot hurt the building of a stronger Spanish energy company, especially strong in the gas market. 2) ACS is going to have to wait a little bit more to get the money that it needs to fight for the control of Iberdrola… an interesting battle to come with an unpredictable outcome.
More news on the Spanish Photo Voltaic (PV) solar market
February 4, 2009
Incredible growth in Spanish solar energy market spells good and bad news for PV industry | www.solarplaza.com
1) Again, it’s clear that the new feed-in tariff still makes investing in PV solar in Spain a profitable business. 2) The sector is going to be paralyzed a little bit longer, until promoters know that their facilities have been approved.
February 3, 2009
Red contra el viento | www.enervia.com
1) The need for a thicker power grid that keeps us safe from power blackouts is obvious in many countries, including Spain. REE’s investment plans of thickening the grid in Spain, and interconnecting France and Spain through other points, should be completed as projected before the current financial crisis. 2) Social rejection to the construction of new power lines from some people (die-hard ecologists and others) is against sustainable development. 3) The growth of renewable energy production is also good news for REE’s investment plans, since it requires that those plans are completed as projected.
The cooling of the Spanish PV solar market will lead to sustainable growth of the PV industry
February 3, 2009
Incredible growth in Spanish solar energy market spells good and bad news for PV industry | www.solarplaza.com
1) The reduction in the feed-in tariff still makes investing in PV solar in Spain a profitable business; the demand for new facilities is much higher than the new allowed quotas. 2) Previous growth in the Spanish PV industry was unsustainable. It's good news that the market is cooled down to a sustainable path. 3) The new regulation will foster cost-reducing R+D, and we’ll get faster to the point where government support is no longer needed.
Shale gas abundance provides new options for energy companies
February 13, 2012
Chesapeake Energy bites the natural gas bullet
January 25, 2012
Flurry of newbuild drilling rig deliveries in 2012 may dampen rig rates
January 20, 2012
Talisman joins the ranks of cautious E&P companies
January 12, 2012
Early signs of caution begin to cloud frontier exploration and production
January 4, 2012