Going up – going down on the ener­gy market

In each edi­tion of Reimag­ine Ener­gy we have a look at ten­den­cies on the ener­gy mar­ket. What’s going up? What’s going down?

Going up

We’ve seen a few pro­gres­sive months in the EU ener­gy market 

Net zero by 2050

Ger­many joined the push for an EU-wide agree­ment to cut green­house gas­es to net zero emis­sions by 2050. An ener­gy rev­o­lu­tion is hap­pen­ing in Europe and inno­v­a­tive busi­ness mod­els will be required to prop up this transition. 

High renew­able uptake 

It was a very Good Fri­day indeed: over East­er this year, two of the EU’s biggest emit­ters were run­ning pre­dom­i­nant­ly on renew­ables: the UK went one week with­out coal; Ger­man renew­ables hit an all-time 77% high. 

Divest­ing in fos­sil fuels

Nor­way is lead­ing the charge in divest­ment, drop­ping invest­ments in eight coal com­pa­nies and rough­ly 150 oil producers. 

Going down

A glob­al sigh at the great chal­lenge ahead of us

Car­bon-inten­sive cryptocurrencies 

While cryp­tocur­ren­cies have emerged over the years as intel­li­gent and secure means to oper­ate dig­i­tal finance, unfor­tu­nate­ly the impact on cli­mate change is pro­ject­ed to be huge.

Ener­gy usage rises

In a review released in June, CEO of BP, Bob Dud­ley, admit­ted that “the cur­rent pace of progress is incon­sis­tent with the Paris cli­mate goals”. This is due to increased ener­gy con­sump­tion, unsur­pris­ing­ly. We look for­ward to some ideas, Bob.

Solar waste

Over 70% of Euro­pean PV man­u­fac­tur­ers have fig­ured out end of life solu­tions for solar pan­els. How­ev­er, if the rest of the world doesn’t catch up, we risk a 60 mil­lion tonne PV waste prob­lem by 2050.

Stay well-informed dur­ing the ener­gy tran­si­tion. Down­load Reimag­ine Ener­gy: The Change­mak­ers edi­tion for free to read inter­views and arti­cles that help you nav­i­gate the chang­ing ener­gy world with confidence.



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