Geopolitics

The International Energy Agency today published a 10-point plan for Europe to reduce its reliance on natural gas imported from Russia. The plan would see Russian gas imports to EU member states reduced by one third within a year, and notes that further reductions within this timeframe would come with significant tradeoffs, likely to impact both energy prices and Europe’s Green Deal. The plan was presented by Fatih Birol, executive director of the IEA, in a virtual press conference held earlier today.

In a chat with pv magazine, Christian Breyer – Professor of Solar Economy at Finland’s Lappeenranta University of Technology – explains which consequences the war in Ukraine may have on Europe’s energy landscape. According to him, only an unprecedented development of renewable energies, heat pumps and storage may help address the current energy crisis.

As research into non-rare metal catalysts continues, companies in northwest Europe are working on an offshore green hydrogen demonstration project, the first European data center to run on green hydrogen, and on hydrogen-based solutions for container transport. Meanwhile, European institutions are prepping for stronger hydrogen collaboration with Africa.

The retirement of coal baseload capacity, some regulatory adjustments and high energy prices volatility could bode well for the deployment of batteries in Italy, and especially in Sicily. Problems, mostly related to the timing and the structure of the auction, remain, however. We spoke about it with Michele Scolaro, Aurora Energy Research Associate.

While there are still many uncertainties as to the way in which hydrogen trade might evolve and change economic ties and political dynamics between countries, experts agree that green hydrogen can bring winds of change to the global energy arena. According to the International Renewable Energy Agency, significant geoeconomic and geopolitical shifts are just around the corner.

While the chief executive of Ukraine’s biggest private energy company scrupulously mentioned the role renewables could play in counteracting the Nord Stream 2 gas pipeline, he called for his country’s gas market to be liberalized just as the European Commission appears set to rubber stamp gas as ‘sustainable.’

In a chat with pv magazine at the Key Energy event in Rimini, Roberta Valenziani, of Italian trade body Elettricità Futura, explained the factors preventing Italy’s PV market from having a renaissance. She said the country has Europe’s longest delays and highest costs for obtaining permits for large scale solar.

A report from Australia’s Future Battery Industries Cooperative Research Centre which analysed the development of battery hubs in the U.S., Germany and Japan, has found that co-location and cooperation between industry and government were key to their success. For Australia to play the same game, it will have to leverage its wealth of resources, and clean up its act along the way.

A report by the IEA laying out two routes for China to reach net zero attempts to persuade policymakers to gun for that goal by 2050, rather than ten years later, and dangles the prospect of continued global dominance as the main reward on offer.

A combination of booming demand for coal-fired power and a shortage of the black stuff – exacerbated by a political row with Australia – have forced up prices to the extent fossil fuel generators are making a loss on every unit of electricity they produce. pv magazine‘s Vincent Shaw considers the potential solutions.