When we need to compare the environmental consequences of energy technologies — between an internal combustion vehicle or an EV, or between a compact natural gas generator and a big wind farm — what’s the best way to understand the full picture? Should we just look at pollutant emissions? Or should we take a broad view, and consider the total lifecycle, including mining, manufacturing, transport and waste? The latter is what lifecycle assessment (LCA) is all about, and although it can be used to compare very complex sets of things in a helpful way, it can also be abused to suit an agenda.
To really be sure we’re comparing apples with apples, we need to understand the right ways and the wrong ways to do LCA. And then we need to think carefully about the implications of our research, and how to communicate them to a lay audience in such a way that they can inform policy without being misunderstood or misrepresented. It’s a tricky art, but our guest in this episode is an LCA veteran from NREL who can show us the way.
In this seventh episode of our mini-series on climate change, we explore what carbon budgets really mean, and what they indicate about the pathways that might allow us to keep global warming below two degrees C.
Amid all the unavoidable uncertainty in modeling warming and the effects of our actions, what do we really know about how much warming we might see in the future? If it turned out that our carbon budget is larger than we used to think it was, would that change our policy direction? And which policy paths should we advocate?
Our guest in this episode, Dr. Glen Peters, is a veteran researcher on climate change whose current research focuses on the causes of recent changes in carbon dioxide emission trends at the global and country level, and how these changes link to future emission pathways consistent with global climate objectives. And after listening to this nearly two-hour conversation, as well as our previous six episodes on climate science, you will have a much better idea of how much warming we may yet expect!
Europe has been the global leader in energy transition for decades, offering to the rest of the world many useful examples of both policies that work and those that don’t. As a result, European countries now have some of the world’s most energy efficient economies, and the largest shares of renewable energy. But getting there wasn’t easy, and still isn’t. From the very first efforts to develop policies that would support energy transition decades ago, right up to the present, there have been incumbents in the energy industry establishment who fought transition every step of the way, both overtly and through subversion. To help us understand this long and complex history, our guest in this episode is Claude Turmes, a Member of the Greens for Luxembourg in the European Parliament who has had a front-row seat in Europe’s energy transition policy formulation for over 15 years, and the author of a new book about it titled Energy Transformation: An Opportunity for Europe.
[This episode has been released ahead of schedule to coincide with the publication of the paper it covers. Enjoy! --Ed.]
Is it really feasible to run the world on 100% renewables, including supply and demand matching at all times and places? Would doing so require vast amounts of seasonal storage? Are exotic new technologies like next-generation flexible nuclear power plants or coal plants equipped with carbon capture and storage (CCS) equipment needed to balance out variable renewables at a reasonable cost?
In this episode, Dr. Christopher Clack offers a very detailed, deep critique of the 100% wind, water and solar model proposed by Stanford’s Mark Jacobson in 2015, and explains where the model falls short. We also discuss a recent paper by Jesse Jenkins from MIT and Samuel Thernstrom from the Energy Innovation Reform Project, which reviewed some recent papers on what “deep decarbonization” might imply for our future energy mix. This 90-minute, super-wonky chat over a few pints of IPA is guaranteed to leave you reeling…and hopefully, more informed about the best policy pathways to a mostly renewable future.
One thing is sure about energy transition: There is no one-size-fits-all approach. As our previous episodes on individual countries showed, there are different opportunities and challenges in each place…even each US state has to find its own unique transition path. In this episode, we have a wide-ranging talk with Dr. Benjamin Sovacool of the University of Sussex about a tiny fraction of his voluminous research on energy transition topics, with a focus on the speed of energy transitions, the ways that the Nordic countries of Denmark, Finland, Sweden, Norway and Iceland are going about their transitions; his outlook for CCS technology and nuclear power; the potentials and pitfalls of nuclear power and the potential for distributed energy resources to displace nuclear; and we’ll surprise him with the first-ever Energy Transition Show lightning round, in which he’ll answer 15 key questions about energy transition (which were the subject of one of his books) in under two minutes!
Is the net energy of renewables high enough to actually power human civilization? Or will replacing fossil fuels prove too difficult on an energetic basis? What is the state of the art in net energy analysis, and can biophysical economics yet prove to be policy relevant, and not just an arcane field of study that only interests academics? What’s the trajectory of EROI for various fuels, and what’s the right way to compare them?
If you’ve heard that the net energy of renewables is too low to run society, and that as a result energy transition is destined to fail…then you need to listen to this interview with net energy researcher Rembrandt Koppelaar and check out his new research. His findings will probably surprise you.
Australia has the highest proportion of households with rooftop solar PV systems of any country in the world. It also has the second-dirtiest grid in the world, getting three-quarters of its power from coal. As such, Australia might as well be the global poster child of energy transition, with both a huge load of dirty power plants it needs to retire, and a huge set of distributed and variable solar and wind systems that it needs to integrate into its power grid, while keeping everything balanced, without being able to import or export electricity from other nations. It’s a fascinating case study in wholesale markets, renewable incentives, technical balancing issues, and yes, acrimonious political debate between Browns and Greens. To help us understand this complex picture, we speak with Dr. Jenny Riesz, a Principal at the Australian Energy Market Operator (AEMO), the operator of Australia’s largest gas and electricity markets and power systems. Dr. Riesz works on adapting AEMO’s processes and functions to ensure ongoing security and reliability as the power system transitions to renewables, and leads its work program on matters such as frequency control, analysis on declining inertia, and possible solutions such as Fast Frequency Response.
There’s nothing to give you a little perspective on what’s happening on planet Earth like getting off it and seeing its beauty—and it’s human-caused destruction—from space. In this wide-ranging interview, former astronaut Jay Apt, a professor of technology and business at Carnegie Mellon University, shares some insights from his voluminous body of research on energy transition topics, including: what the power grid of the future could look like; how we’ll balance it with increasing levels of renewable energy; how to smooth out the fluctuations in wind farm power output; utility business model evolution and resource adequacy planning; what the optimal amount of storage on the PJM Interconnection might be; the economics of behind-the-meter battery systems; the potential future for EVs providing services to the grid; whether carbon capture and sequestration technology and geoengineering can play significant roles in addressing climate change; the new era of electricity de- and re-regulation; and of course, what it’s like to look down on Earth from space. You’ll never see an hour go by as quickly as this one.
Although it’s not widely talked about, one of the hottest sectors buying renewables now is the corporate sector. Fortune 500 companies are buying solar and wind power, and renewable energy credits, at a record pace. But why? What’s in it for them? What are the economic risks and rewards of going to the extra trouble to buy green power? How do arrangements like “virtual power purchase agreements” work? How do we manage balancing between wholesale markets in a future of strong interstate corporate procurement? And what’s the outlook for corporate buying of renewables? Our guest answers all of these questions and more in this wonkilicious episode, guaranteed to keep CFOs on the edge of their seats.
What are green bonds, and how can they help mobilize private capital to fund energy transition and climate change mitigation measures? What kinds of things can green bonds be used to fund? What are the various roles for private, corporate, and sovereign issuers? Why does the green bond market need to grow by roughly 10x over the next few years to $1 trillion a year globally, and is there even enough capital out there willing to accept single-digit returns to buy that amount of green bonds? Are green bonds an answer to the stranded assets problem in the fossil fuel sector? And what can the appetite for green bonds tell us about monetary policy and appropriate discount rates for climate change mitigation measures? We get deep into all of these questions with the CEO of the Climate Bonds Initiative, an international NGO working to mobilize debt capital markets for climate solutions.