Oct 26, 2020

Israel cabinet approves target of 30% renewables by 2030

israei
Renewables
Policy
Scott Birch
3 min
Environmental Protection Ministry call for more to avoid being left behind other countries developing renewable energy sources
Environmental Protection Ministry calls for more to avoid being left behind other countries developing renewable energy sources...

Israel’s cabinet has approved its Energy Ministry’s aim of having 30 percent of the country’s energy from renewable sources by 2030.

In a report by Times of Israel, Yuval Steinitz, Israel’s Energy Minister, predicts that the transition could save the economy approximately £1.83 billion annually - although that would require a tripling of the country’s current energy infrastructure.

Describing the move as ‘ambitious and a real revolution’, Steinitz points out that the remaining 70 percent of Israel’s energy needs will need to be met by natural gas – enormous reserves of which have been found off the country’s Mediterranean coast.

The report adds that the Energy Minister has been told by the cabinet that he should review and update his targets for 2030 by the end of 2024. It has set the end of 2025 as the deadline for having reached 20 percent of power generated from renewable sources.

In June this year, Steinitz announced that the target for renewable energy by 2030 was officially being raised from 17 percent to 30 percent, in a plan that would cost £16.8 billion over the coming decade.

In a statement posted on Facebook, the Energy Minister says that solar installations will be built to produce the equivalent of all the electricity produced at the time (in June 2020).The plan would see more than 80 percent of Israel’s electricity generated by solar energy at peak hours.

However, despite Steinitz’s announcement, The Environmental Protection Ministry has called for a target of 40 percent renewables by 2030.

Speaking during the Cabinet discussion, GIla Gamliel, Environmental Protection Minister, denounced the 30 percent plan, stating that it would “leave Israel behind, far from the targets of the developed, and even developing, countries”.

“The real significance of this decision is the adoption of a target of 70% electricity generation from gas, which is a polluting fossil fuel,” she adds.

The decision sends the wrong signal to the economy and undermines the certainty that businesses need to transition towards renewable energy-based sources, Gamliel explains. Instead, the huge economic investment will now be encouraged into gas infrastructure, “in contrast with all the efforts being made in Israel and around the world to reduce the dependence on energy production from fossil sources that pollute and increase climate change,” she continues, as per the report.

“Already today, close to 50 percent of electricity production from solar sources can be achieved in the built-up area,” she highlights.

The report adds that the ministries of energy and environmental protection have been at loggerheads over the targets for several months, with Steinitz stating during a Knesset committee meeting in July 2020 that a ‘senior Environmental Protection Ministry official’ was engaging in ‘populism’ for claiming that 47 percent of Israel’s energy could already come from renewable sources.

Share article

Jul 29, 2021

Carbon dioxide removal revenues worth £2bn a year by 2030

Energy
technology
CCUS
Netzero
Dominic Ellis
4 min
Engineered greenhouse gas removals will become "a major new infrastructure sector" in the coming decades says the UK's National Infrastructure Commission

Carbon dioxide removal revenues could reach £2bn a year by 2030 in the UK with costs per megatonne totalling up to £400 million, according to the National Infrastructure Commission

Engineered greenhouse gas removals will become "a major new infrastructure sector" in the coming decades - although costs are uncertain given removal technologies are in their infancy - and revenues could match that of the UK’s water sector by 2050. The Commission’s analysis suggests engineered removals technologies need to have capacity to remove five to ten megatonnes of carbon dioxide no later than 2030, and between 40 and 100 megatonnes by 2050.

The Commission states technologies fit into two categories: extracting carbon dioxide directly out of the air; and bioenergy with carbon capture technology – processing biomass to recapture carbon dioxide absorbed as the fuel grew. In both cases, the captured CO2 is then stored permanently out of the atmosphere, typically under the seabed.

The report sets out how the engineered removal and storage of carbon dioxide offers the most realistic way to mitigate the final slice of emissions expected to remain by the 2040s from sources that don’t currently have a decarbonisation solution, like aviation and agriculture. 

It stresses that the potential of these technologies is “not an excuse to delay necessary action elsewhere” and cannot replace efforts to reduce emissions from sectors like road transport or power, where removals would be a more expensive alternative.  

The critical role these technologies will play in meeting climate targets means government must rapidly kick start the sector so that it becomes viable by the 2030s, according to the report, which was commissioned by government in November 2020. 

Early movement by the UK to develop the expertise and capacity in greenhouse gas removal technologies could create a comparative advantage, with the prospect of other countries needing to procure the knowledge and skills the UK develops.

The Commission recommends that government should support the development of this new sector in the short term with policies that drive delivery of these technologies and create demand through obligations on polluting industries, which will over time enable a competitive market to develop. Robust independent regulation must also be put in place from the start to help build public and investor confidence.

While the burden of these costs could be shared by different parts of industries required to pay for removals or in part shared with government, the report acknowledges that, over the longer term, the aim should be to have polluting sectors pay for removals they need to reach carbon targets.

Polluting industries are likely to pass a proportion of the costs onto consumers. While those with bigger household expenditures will pay more than those on lower incomes, the report underlines that government will need to identify ways of protecting vulnerable consumers and to decide where in relevant industry supply chains the costs should fall.

Chair of the National Infrastructure Commission, Sir John Armitt, said taking steps to clean our air is something we’re going to have to get used to, just as we already manage our wastewater and household refuse. 

"While engineered removals will not be everyone’s favourite device in the toolkit, they are there for the hardest jobs. And in the overall project of mitigating our impact on the planet for the sake of generations to come, we need every tool we can find," he said.

“But to get close to having the sector operating where and when we need it to, the government needs to get ahead of the game now. The adaptive approach to market building we recommend will create the best environment for emerging technologies to develop quickly and show their worth, avoiding the need for government to pick winners. We know from the dramatic fall in the cost of renewables that this approach works and we must apply the lessons learned to this novel, but necessary, technology.” 

The Intergovernmental Panel on Climate Change and International Energy Agency estimate a global capacity for engineered removals of 2,000 to 16,000 megatonnes of carbon dioxide each year by 2050 will be needed in order to meet global reduction targets. 

Yesterday Summit Carbon Solutions received "a strategic investment" from John Deere to advance a major CCUS project (click here). The project will accelerate decarbonisation efforts across the agriculture industry by enabling the production of low carbon ethanol, resulting in the production of more sustainable food, feed, and fuel. Summit Carbon Solutions has partnered with 31 biorefineries across the Midwest United States to capture and permanently sequester their CO2 emissions.  

Cory Reed, President, Agriculture & Turf Division of John Deere, said: "Carbon neutral ethanol would have a positive impact on the environment and bolster the long-term sustainability of the agriculture industry. The work Summit Carbon Solutions is doing will be critical in delivering on these goals."

McKinsey highlights a number of CCUS methods which can drive CO2 to net zero:

  • Today’s leader: Enhanced oil recovery Among CO2 uses by industry, enhanced oil recovery leads the field. It accounts for around 90 percent of all CO2 usage today
  • Cementing in CO2 for the ages New processes could lock up CO2 permanently in concrete, “storing” CO2 in buildings, sidewalks, or anywhere else concrete is used
  • Carbon neutral fuel for jets Technically, CO2 could be used to create virtually any type of fuel. Through a chemical reaction, CO2 captured from industry can be combined with hydrogen to create synthetic gasoline, jet fuel, and diesel
  • Capturing CO2 from ambient air - anywhere Direct air capture (DAC) could push CO2 emissions into negative territory in a big way
  • The biomass-energy cycle: CO2 neutral or even negative Bioenergy with carbon capture and storage relies on nature to remove CO2 from the atmosphere for use elsewhere

Share article