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The Great Transition
Policy news & blueprints for the transition to a new Sustainable and Social Economy
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Energy Council backs post-2020 renewables policy but with no clear direction

Energy Council backs post-2020 renewables policy but with no clear direction | The Great Transition | Scoop.it

A new WWF report demonstrates that the EU's decarbonisation roadmap will not deliver more than 40% greenhouse gas reductions by 2050 and proposes more investment in energy savings and renewables.

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The great transformation: decarbonising Europe’s energy and transport systems

The great transformation: decarbonising Europe’s energy and transport systems | The Great Transition | Scoop.it

"Economic growth in Europe will be affected by the costs of this transition from the current energy and transport system. A smooth transition towards a low-carbon energy and transport system could come at comparatively modest cost. Furthermore, identifying the most economically beneficial solutions early on and becoming a global technology leader and standard setter offers vast opportunities for exports and economic growth. Hence, our decarbonisation strategy may eventually have a greater impact on long-term European growth than the current economic crisis."

 

New report from the Brussels-based economic think tank Bruegel.

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PwC report: increased carbon intensity endangers decarbonisation goals

"Global emissions are increasing faster than economic growth, reversing a slow, but gradual, reduction in carbon emissions intensity seen since 2000. The findings, from new analysis in the PwC Low Carbon Economy Index released today, show that for the first time since 2000, no improvement has being made in reducing the carbon intensity (which reflects the fuel mix, energy efficiency and the balance of industry and services) of the G20, despite modest economic recovery globally. The results call into question the likelihood of global decarbonisation ever happening rapidly enough to limit global warming to 2 degrees Celsius. "


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Degrowth, expensive oil, and the new economics of energy

"Expensive oil ... does appear to be suffocating the debt-ridden, global economy, just as it is trying to recover ...

 

Unfortunately, mainstream economists, including those in government, seem oblivious to the close relationship between energy, debt, and economy, and this means they are unable to see that expensive oil is one of the primary underlying causes of today’s economic problems. Consequently, they craft their intended solutions (e.g. stimulus packages, quantitative easing, low interest rates to encourage borrowing, etc) based on flawed, growth-based thinking, not recognising that the new economics of energy means that the growth model, which assumes cheap energy inputs, is now dangerously out-dated. When growth-based economies do not grow, household, firms, and nations struggle to repay their debts, and quickly things begin to unravel in undesirable ways."

 

Excellent analysis by Dr Samuel Alexander of the links between global energy descent, rising commodity prices, the end of growth and the Great Depression.

 

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The European Power System - Decarbonization and Cost Reduction: Lost in Transmissions?

The European Power System - Decarbonization and Cost Reduction: Lost in Transmissions? | The Great Transition | Scoop.it

The French Institute for International Relations (IFRI) has produced one of the best analyses of the inconsistencies in European energy policy.

 

"The objective of the Internal Electricity Market is to bring competitive electricity prices to end-users, but as these prices are linked to the composition of the power generation mix, it is easy to see that there is a clear discrepancy in the rationales pushing for corridors aiming at transporting RES across Europe and a market-driven logic that will favor the building of transmission lines based on a competitive power generation mix."

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