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Renewable + conventional trends

TheMotorcycleBoy
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Re: Renewable + conventional trends

#214071

Postby TheMotorcycleBoy » April 10th, 2019, 9:41 am

Some good information there Dave, thanks!

Matt

dspp
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Re: Renewable + conventional trends

#219033

Postby dspp » May 2nd, 2019, 5:50 pm

UK net zero reports

The UK should set and vigorously pursue an ambitious target to reduce greenhouse gas emissions (GHGs) to 'net-zero' by 2050, ending the UK's contribution to global warming within 30 years. Reflecting their respective circumstances, Scotland should set a net-zero GHG target for 2045 and Wales should target a 95% reduction by 2050 relative to 1990.

A net-zero GHG target for 2050 will deliver on the commitment that the UK made by signing the Paris Agreement. It is achievable with known technologies, alongside improvements in people's lives, and within the expected economic cost that Parliament accepted when it legislated the existing 2050 target for an 80% reduction from 1990.

However, this is only possible if clear, stable and well-designed policies to reduce emissions further are introduced across the economy without delay. Current policy is insufficient for even the existing targets. A net-zero GHG target for 2050 would respond to the latest climate science and fully meet the UK's obligations under the Paris Agreement:

etc


https://www.theccc.org.uk/wp-content/up ... arming.pdf
https://www.theccc.org.uk/wp-content/up ... rt-CCC.pdf

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Re: Renewable + conventional trends

#227939

Postby dspp » June 8th, 2019, 11:43 am

"General Electric’s profitability collapse over the past few years can be largely attributed to the company’s inability to judge the accelerating pace of the global energy transition away from fossil fuels and toward renewables, a new study claims.

The analysis comes from the Institute for Energy Economics and Financial Analysis (IEEFA), which says that “GE made a massive bet on the future of natural gas and thermal coal, and lost,” concluding:

GE destroyed an almost unprecedented US$193 billion (bn)1 or 74% of its market capitalization over 2016-2018."


etc, dspp

https://electrek.co/2019/06/06/ge-renew ... more-94471
http://ieefa.org/ieefa-report-ge-made-a ... -and-lost/

Image

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Re: Renewable + conventional trends

#237462

Postby dspp » July 18th, 2019, 10:35 am

"Over the next 10 years, coal-fired and nuclear power plants with a total capacity of around 100 GW will be shut down in Europe, equivalent to Germany’s thermal power capacity alone, according to grid operator data.

To counter this, hundreds of gigawatts of offshore wind are planned to line European coastlines by the end of next decade, according to the EU’s green expansion plans."

" environmental campaigners who say some energy producers were playing up the threat of blackouts to protect their own interests."


expect a lot more stories like this ......

https://www.reuters.com/article/us-euro ... SKCN1UD0GZ

Nocton
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Re: Renewable + conventional trends

#237702

Postby Nocton » July 19th, 2019, 8:32 am

Extraordinary that Germany is still operating aluminium plants. Expect those to be closed.

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Re: Renewable + conventional trends

#237704

Postby EssDeeAitch » July 19th, 2019, 8:47 am

Nocton wrote:Extraordinary that Germany is still operating aluminium plants. Expect those to be closed.


The problem with plant closure in advanced countries like Germany is that the plant in question would probably be transferred to a country which has less strict pollution control laws. There is also the potential (likelihood?) for the power that drives the plant itself to be generated by more polluting sources (coal).
The demand for aluminium wont go away but it would not surprise me if the environmental lobby shoots us all in the foot by insisting on plant closures and subsequent plant transfer.

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Re: Renewable + conventional trends

#237708

Postby Urbandreamer » July 19th, 2019, 9:34 am

Nocton wrote:Extraordinary that Germany is still operating aluminium plants. Expect those to be closed.


Err... you did notice the name of the company didn't you?
Hydro Aluminum Rolled Products.

A brief bit of history. Electricity is such an important part of Aluminium smelting that it was one of the earliest users of the stuff. The most reliable supply was hydro-power. Indeed that's the main reason that Scottland has so much hydro.

https://www.ice.org.uk/what-is-civil-en ... r-scotland

According to Rio tinto 80% of power for their Aluminium smelting comes from renewable sources, 55% of which they generate themselves. They are not the only producer (just the first that I thought to check).

I suspect that EssDeeAitch is right about the posibility of production moving. However arguably that could reduce polution rather than increase it.

Processes like cement and steel manufacture HAVE to produce large quantities of CO2, Aluminium doesn't. For enviromental reasons it could be argued that Aluminium should be produced in Norway (because if its abundant hydro resources*) rather than some parts of Germany, or worse the Netherlands.

If you re-read the original article, and read between the lines, it's more about the concept of replacing nuclear power with wind, than anything else.

*For any who may not know Denmark and Norway have a good thing going. In times of low wind Denmark imports hydro-power from Norway. When the wind blows well Norway imports power from Denmark and lets the lakes and dams fill.

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Re: Renewable + conventional trends

#239230

Postby dspp » July 25th, 2019, 2:28 pm

• Electricity generated from renewable sources in the UK in 2018 reached a record 33.0 per cent of total UK electricity generation, 3.8 percentage points higher than the previous year, also a record. This increase reflected a 10 per cent rise in
renewable generation capacity to 44.3 GW.
• Low carbon electricity’s share of generation [in 2018] increased from 50.0 per cent to a record 52.6 per cent, driven by the increase in renewables generation.

https://assets.publishing.service.gov.u ... GOV.UK.pdf
https://www.gov.uk/government/collectio ... dukes#2019

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Re: Renewable + conventional trends

#289431

Postby dspp » March 9th, 2020, 4:13 pm

US EIA - A supplemental report to the U.S. Energy Information Administration’s (EIA) Annual Energy Outlook 2020 (AEO2020) describes two simple measures of cost and value that, when used together, largely explain the economic competitiveness of electricity generating technologies and, in turn, the types of power plants most likely to be built in EIA’s long-term model for the U.S. energy sector.

bottom line : imho even gas power plants look increasingly unattractive within a few more years, after 2025 you'd want bribing to build one

https://www.eia.gov/todayinenergy/detail.php?id=43095

dspp

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Re: Renewable + conventional trends

#304762

Postby dspp » May 1st, 2020, 11:46 am


dspp
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Re: Renewable + conventional trends

#311316

Postby dspp » May 23rd, 2020, 10:01 am

Looks like BloombergNEF is coming up with 1mln bbls/day of avoided oil consumption in transportation due to existing EV use, growing to 17.6 by 2040. High point for oil use in transport in 2031. To put that in context global oil use is about 100 mln bbls/d. Use has been growing at about 1%/year and on top of that there are field declines of about 4-7% / year to replace.

The renewables wedge is driving deeper and deeper into fossil use.

----

EVs across all segments are already displacing 1 million barrels of oil demand per day. Oil demand from passenger vehicles is hit hard by COVID-19 and never recovers to 2019 levels, but growth in heavy commercial vehicles keeps overall road transport oil demand growing until 2031. 17.6 nmn bbls/d oil demand displaced by electric vehicles in 2040

https://about.bnef.com/electric-vehicle-outlook/

- dspp

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Re: Renewable + conventional trends

#311325

Postby ReallyVeryFoolish » May 23rd, 2020, 10:17 am

dspp wrote:Looks like BloombergNEF is coming up with 1mln bbls/day of avoided oil consumption in transportation due to existing EV use, growing to 17.6 by 2040. High point for oil use in transport in 2031. To put that in context global oil use is about 100 mln bbls/d. Use has been growing at about 1%/year and on top of that there are field declines of about 4-7% / year to replace.

The renewables wedge is driving deeper and deeper into fossil use.

----

EVs across all segments are already displacing 1 million barrels of oil demand per day. Oil demand from passenger vehicles is hit hard by COVID-19 and never recovers to 2019 levels, but growth in heavy commercial vehicles keeps overall road transport oil demand growing until 2031. 17.6 nmn bbls/d oil demand displaced by electric vehicles in 2040

https://about.bnef.com/electric-vehicle-outlook/

- dspp

My emphasis. That's why I see upside in the medium term for energy businesses. And given the recent very severe shock to the industry combined with very little new supply coming on line any time soon - I am optimistic. But this maybe the last conventional energy business cycle of note before we enter a tobacco-esque managed decline in energy sctors as we know them today.

RVF


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