May 17, 2020

Fossil Fuel Subsidies Hold Renewables Back

energy digital
Carbon emissions
Australia carbon emissions
Admin
2 min
Recent reports show a massive increase in coal dependency caused by fossil fuel subsidies to be addressed at World Climate Summit
According to the International Energy Agency's (IEA) latest findings, coal and fossil fuel subsidies pose the greatest challenge to the renewable e...

According to the International Energy Agency's (IEA) latest findings, coal and fossil fuel subsidies pose the greatest challenge to the renewable energy market. As the world's largest exporter of coal, Australia's carbon emissions have grown nearly 300 percent since 1970, according to the IEA's last annual report on CO2 emissions. Worse, that percentage is regional, excluding the huge amounts of coal shipped overseas to some 20 dependent countries.

The IEA blames electricity/heat generations and transportation as the major culprits of nearly two-thirds of carbon dioxide emissions. IEA's World Energy Outlook 2011 report, to be released in early November, the agency recommends a halt on fossil fuel subsidies to reduce emissions and encourage renewable energy development.

In a recent interview with EurActiv, IEA chief economist Faith Birol said the current $409 billion equivalent of fossil fuel subsidies are only encouraging a wasteful use of energy.

Birol added that the cuts in subsidies is the biggest policy item that would help the world move towards a trajectory of 2 degrees in global warming, reducing CO2 emissions and helping renewable energies get more market share in the process.

SEE OTHER TOP STORIES IN THE ENERGY DIGITAL CONTENT NETWORK

IBM Works with Ireland to Push Ocean Energy

Can Renewable Biomass Power a Coal Plant

October's issue of Energy Digital has gone live!

In the current scenario, seven countries are introducing carbon pricing that would cause a 3.5 degree trajectory, which would cause “irreversible impact,” according to the Inter-governmental Panel on Climate Change (IPCC), with a mass extinction rate of anywhere from 40 to 70 percent of the world's species.

These topics will be central at the upcoming Climate Change conference in Durban, South Africa this December. According to research by Bloomberg New Energy Finance in 2010, governments around the world are spending 12 times as much on fossil fuel subsidies than on renewable energy. Phasing out aid for fossil fuel consumption subsidies and encouraging more spending on renewable energy will be critical in determining next year's market share for renewables. 

DOWNLOAD THE ENERGY DIGITAL IPAD APP 

Share article

Jun 23, 2021

HyNet North West and InterGen to build Zero Carbon plant

zerocarbon
Energy
Hydrogen
Liverpool
Dominic Ellis
3 min
Expected to open in the mid-2020s, the partnership could reduce the CO2 emissions from the Runcorn power station by over 150,000 tonnes each year

HyNet North West and InterGen are to create a low carbon power station at the independent power producer's Rocksavage Power plant in Liverpool City region.  

Expected to begin in the mid-2020s, the partnership could reduce the CO2 emissions from the Runcorn power station by over 150,000 tonnes each year, the equivalent of taking 60,000 cars off the road every year.

Situated across one of the UK’s largest industrial areas which supports the highest number of manufacturing jobs of any UK region, HyNet North West will bring clean growth to safeguard jobs, and create thousands of new employment opportunities.

Following a commitment of £72 million in funding, HyNet North West will transform the North West into the world’s first low carbon industrial cluster, playing a critical role in the UK’s transition to ‘net zero’ greenhouse gas emissions by 2050 and the global fight against climate change.

HyNet North West will begin decarbonising the North West and North Wales region from 2025, replacing fossil fuels currently used for electricity generation, industry, heating homes and transportation with clean hydrogen. The project will also capture and lock up carbon which is currently emitted into the atmosphere.

It anticipates that by 2028, Rocksavage will have enough hydrogen produced by HyNet to move towards a 100% net zero power generation power station as the Gas Turbine technology becomes available. 

InterGen’s Rocksavage Plant Manager Dan Fosberg said Rocksavage has been safely generating energy to power the north west for nearly 25 years, but in order to meet the UK’s net zero targets, traditional generation needs to adapt.

"HyNet North West will allow us to pivot our operations as we transition to a low-carbon world. The proximity of the Rocksavage Power Plant to the HyNet North West hydrogen network provides us with an exciting and unique opportunity," he said.

As soon as the first stage of the hydrogen network is available at Runcorn, InterGen intends to modify the existing generating plant to consume a blend of hydrogen with natural gas and start to reduce our emissions.

The HyNet North West project milestones mean that Rocksavage could be the first plant in the UK to blend Hydrogen with natural gas, a step forward for the industry in the target for net-zero. Once the gas turbine technology becomes available, it will explore options with HyNet North West to create a zero emissions power station using 100% hydrogen. 

The project will play a big part in supporting Liverpool City Region in its commitment to reach zero carbon by 2040 and accelerate the UK’s transition to net zero by 2050. 

Steve Rotheram, Metro Mayor of Liverpool City Region, said: “Putting the Liverpool City Region at the heart of the Green Industrial Revolution is one of my top priorities. With our existing strengths in green energy, we have the potential to become the UK’s renewable energy coast. 

“I am committed to doubling the number of green jobs in our region and exciting projects like HyNet will be a key part of that. We’re going to lead the way, not only in doing our bit to tackle climate change, but in pioneering new and innovative technology that in turn attracts more jobs and investment to our region.”

David Parkin, HyNet North West Project Director, said HyNet North West will play a big part in tackling climate change regionally. "It will ensure the region remains an attractive location for investment and for companies to grow through the establishment of a clean economy, protection of skilled jobs and creation of thousands of new long-term employment opportunities.

“Our partnership with InterGen at Rocksavage shows just how great an impact HyNet will have on the region – decarbonising homes, workplaces, travel and industry.”

HyNet North West is a low carbon energy project at the forefront of the UK’s journey to a Net Zero future, being developed by a consortium comprising Progressive Energy, Cadent, Essar, Inovyn, Eni, University of Chester, CF Fertilisers and Hanson.

Share article