UPDATED 1 Sept: The EI library in London is temporarily closed to the public, as a precautionary measure in light of the ongoing COVID-19 situation. The Knowledge Service will still be answering email queries via email , or via live chats during working hours (09:15-17:00 GMT). Our e-library is always open for members here: eLibrary , for full-text access to over 200 e-books and millions of articles. Thank you for your patience.
New Energy World
New Energy World embraces the whole energy industry as it connects and converges to address the decarbonisation challenge. It covers progress being made across the industry, from the dynamics under way to reduce emissions in oil and gas, through improvements to the efficiency of energy conversion and use, to cutting-edge initiatives in renewable and low carbon technologies.
Disappointing, after all the progress made in Glasgow a year ago – that was the general consensus on the outcome of COP27, which closed earlier this month and was held in very different market circumstances. Here, Nick Cottam takes a look at how UK energy policy and practice may proceed as a result.
If COP27 was a World Cup football match we might imagine a final score of Loss and Damage 2 Mitigation 0. Certain vulnerable states played a blinder in finally reaching an agreement to set up a fund to repair loss and damage caused by climate change. Meanwhile, however, any hardening of commitments to actually reduce emissions got kicked down the road (although hopefully not out of the park).
What had been billed as Africa’s implementation COP proved a little nervous in this respect and no surprise there, as the war in Ukraine enters a new phase and winter in the developed north begins to bite. Short-term concerns about energy security provided a backdrop, alongside the sheer economic muscle of the fossil fuels lobby who made their mark at a hectic, often bad tempered, Conference of the Parties.
The Sharm-El-Sheikh COP, you could argue, was a win-win for the energy sector. With over 600 fossil fuel lobbyists wielding their influence and a gas-friendly host country, there was no commitment in the final text to phase out fossil fuels, building as had been hoped on last year’s agreement to phase down the use of coal.