About this Discussion

The COVID-19 pandemic is a global health crisis that has major implications for world economies, energy use and CO2 emissions. According to the IEA’s World Energy Outlook 2020 report, the immediate effects of the pandemic on the energy system shows expected falls in 2020 of 5% in global energy demand, 7% in energy-related CO2 emissions and 18% in energy investment. Oil consumption is anticipated to decline by 8% and coal use by 7%. However, as with previous crises, the rebound in emissions may be larger than the decline, unless the wave of investments to restart economies is dedicated to cleaner and more resilient energy infrastructure.
Decarbonizing energy use in time to avert catastrophic climate change requires increased international cooperation. Recovery measures following COVID-19 pandemic could include flexible power grids, efficiency solutions, electric vehicle charging, energy storage, interconnected hydropower, green hydrogen and other technology investments consistent with long-term energy and climate sustainability.

In line with the Sustainable Development Goals (SDGs), there is a global movement to address these challenges by substantially increasing investment in renewable energy technologies and implementation, doubling the rate of improvement to energy efficiency, and changing user behaviours, with the aim to achieve absolute decoupling between energy consumption and economic growth.

Energy

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Created a Post in Energy, Natural Capital

An energy transition that fails to engage with fossil fuel-producing countries and their needs could have profound implications for regional and international security and the stability of global energy markets. If oil revenues start to decline before producer countries have successfully diversified their economies, livelihoods will be lost and poverty rates will increase. In a region with one of the youngest and fastest-growing populations in the world, economic hardship and increasing unemployment risk creating broader unrest and instability.

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https://www.theguardian.com/commentisfree/2021/sep/01/oil-producing-countries-net-zero-2050-iraq

With its current pace, Europe will only reach its 2030 target to reduce 55% GHG emissions by 2051. Closer cooperation between member states on energy transition, adopting a regional approach to boost market integration is needed to speed up the process.

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https://www.reuters.com/business/environment/europe-miss-2030-climate-goal-by-21-years-current-pace-...
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Created a Post in Energy, Climate Change

Join IISD, IEA, and the Government of Denmark for a webinar on Tuesday looking at how fossil fuel subsidy reform can support people-centred clean energy transitions! Experts will give practical examples of how to conduct FFSR in a way that supports people by taking into account issues such as gender, health, local community considerations, and broader social impacts.

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https://www.iisd.org/events/fossil-fuel-subsidy-reform-clean-energy-transitions
International Institute for Sustainable Development(IISD), International Energy Agency(IEA), Government of Denmark, Global Subsidies Initiative(GSI)

September 7, 2021, 1:00 to 3:00 PM CEST Fossil fuel subsidies reduce the price of fossil fuels and distort energy markets, further fuelling the climate crisis. Fossil fuel subsidy reform (FFSR) can not only support transitions to clean energy, but also help make these transitions just and… Read More

As the world gets warmer the more we need cooling systems - it's a vicious cycle of climate change.

The International Energy Agency (IEA) estimates in a 2018 report that global demand for space cooling will more than triple by 2050. The growing cooling demand is “one of the most critical energy issues of our time”.

Is there a way to make air conditioning less of an environmental issue?

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https://www.theguardian.com/environment/2021/sep/03/air-conditioning-climate-crisis-clean-tech-solut...
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Created a Post in Energy

Together with Partners, EIT Climate-KIC is leading a process aimed at supporting stakeholders in three European lignite regions transition from high economic dependence on lignite to a low-carbon future. Lignite is considered the lowest rank of coal, or ‘brown coal’. It is one of the most polluting forms of coal because its lower density means more needs to be burned to produce a unit of power.

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https://www.climate-kic.org/news/lignite-regions-just-transition/

New listings of fossil fuel companies would be immediately banned on the London Stock Exchange as part of a proposal by the Liberal Democrats that the party says could help the UK become a leader in tackling the climate emergency.

Under the plan outlined to the Guardian by the Lib Dem leader, Ed Davey, another immediate policy would be to stop new bonds being issued in London to finance oil, coal or gas exploration.

Fossil fuel firms already listed in the UK would then have two years to produce a coherent plan about how they would reach net zero emissions by 2045, or risk being struck off the LSE.

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https://www.theguardian.com/business/2021/aug/26/lib-dems-propose-ban-on-new-listings-of-fossil-fuel...
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Created a Post in Climate Change, Energy

China's provinces are still planning to launch more than 100 gigawatts (GW) of new coal-fired power capacity despite a decline in new approvals in the first half of 2021, environmental group Greenpeace said on Wednesday.

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https://www.reuters.com/business/energy/chinas-provinces-still-planning-over-100-gw-new-coal-project...
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Created a Post in Energy

A modern, clean electricity grid is foundational to ensuring the United States is resilient in the face of a changing climate and can achieve a net-zero energy future by 2050. The bipartisan Infrastructure Investment and Jobs Act (H.R. 3684) represents a historic investment of about $550 billion in new spending over five years on the nation’s infrastructure, including in the energy grid.

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https://www.wri.org/insights/us-infrastructure-bill-good-not-enough-transform-electricity-grid
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Created a Post in Energy

US local governments bought more renewable energy in 2020 than ever before, according to new data from the Local Government Renewables Action Tracker. Nearly 100 cities and counties across 33 states completed 143 deals, adding 3,683 megawatts (MW) of renewable energy capacity. This is a 23 percent increase from 2019 and represents enough energy to power 811,000 households annually. Here's how it happened.

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https://rmi.org/us-cities-bought-more-renewables-than-ever-in-2020-heres-how