Noemi Barter, CPA’s Post

EMEC: European Marine Energy Centre's growth plans include expanding test facilities to support #tidalenergy arrays, as well as further diversification to integrate green #hydrogen, storage, #offshorewind, and islanded #decarbonization projects. #marineenergy #renewables

A useful summary on AR6 budget with insight on capacity potential per pot and what needs to happen to realise government targets. https://lnkd.in/efpmaDn3.

📜 𝐓𝐡𝐞 𝐠𝐞𝐧𝐞𝐫𝐚𝐥 𝐟𝐫𝐚𝐦𝐞𝐰𝐨𝐫𝐤 𝐟𝐨𝐫 𝐢𝐦𝐩𝐥𝐞𝐦𝐞𝐧𝐭𝐢𝐧𝐠 𝐭𝐡𝐞 𝐂𝐨𝐧𝐭𝐫𝐚𝐜𝐭 𝐟𝐨𝐫 𝐝𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐜𝐞 𝐚𝐢𝐝 𝐬𝐜𝐡𝐞𝐦𝐞. On April 10, 2024, the Government Decision no. 318/04.04.2024 for approving the general framework for the implementation and operation of the Contract for difference support mechanism for low carbon technologies (“GD no. 318/2024”), which includes as annexe a template Contract for difference, has been published in the Official Gazette. The article by our colleagues Nicolae Ursu and Laurentiu Lungu detailed the main findings from the Government Decision. Find the link below in the first comment.👇 #bpvGS #energy

Hmmm, just been invited to a conference on 'Next Steps for UK offshore Oil and Gas' being put on by the Westminster Energy, Environment and Transport Forum with a keynote from Dept Energy Security and Net Zero - see here https://lnkd.in/edxHACMc. Given that new Oil and Gas has nothing to do with either energy security (it will be sold on the international market and won't have an impact on UK prices of either) or net zero it might be interesting to see how much debate there is. A massive distraction from some of the brilliant work being done by Department for Energy Security and Net Zero and something which makes it harder for all of us to do what is needed.

Yep. There are less regressive ways to fund public benefits programs (their last point). And if these costs are recovered on utility bills, there is a strong case to be made for mitigative and progressive rate structures (rethinking cost-of-service conventions for allocation). https://lnkd.in/eay7rtYa

As usual to the point: https://lnkd.in/eARm8ubc The key element however of which depends the speed of the needed transition is funding. Politicians should take note. #EPFL #greentransition

On November 20, 2023, the European Commission adopted a six-month extension of certain provisions of the temporary crisis and transition framework for State aid. The purpose is to allow Member States to continue to address vulnerabilities that still exist on energy markets. Until June 30, 2024, Member States can therefore: ▶ continue to grant limited amounts of aid by increasing the aid ceilings; ▶continue to provide business support to offset some of the high energy prices. Click here to read the in-depth article by Piero Viganò and Francesco Mazzocchi ➡ https://lnkd.in/dsac9DNF #ADVANTNctm #advantage #Energy #Competition

Good to know the insights on energy sector.

Excided to share a brief summary of the discussion with Samiullah Tariq about the Pakistan Power Generation Sector. You may watch the full conversation here: https://lnkd.in/d4bv7M57 Pakistan's power sector is grappling with a complex web of challenges that have led to persistent power shortages and soaring electricity bills. Let's explore the root causes of the crisis, from the intricacies of capacity payments to the impact of renewable energy. Key Issues Associated with Pakistan’s Energy Crisis 1. Power Shortages and the IPP Crisis: The widening gap between power demand and supply, exacerbated by the controversial IPP agreements, has plunged Pakistan into a deepening energy crisis. 2. Circular Debt: A vicious cycle of unpaid bills between power plants and distribution companies is choking the power sector, leading to financial instability. 3. Cost Recovery Mechanism: The burden of high capacity payments, coupled with inefficient power generation, has resulted in exorbitant electricity tariffs for consumers. 4. Renewable Energy Dilemma: While renewable energy offers a potential solution, grid constraints and policy inconsistencies hinder its widespread adoption. Understanding the Problem: 1. Capacity Payments: The government's commitment to capacity payments, regardless of power plant utilization, has inflated electricity costs. 2. Cost Breakdown: The actual cost of power generation is far lower than what consumers pay, with a significant portion attributed to capacity payments and other charges. 3. Grid Constraints: Inefficient power distribution and transmission networks, particularly in the south, have contributed to the crisis. The Way Forward: 1. Policy Reforms: The government must implement policies that promote efficient power generation, reduce reliance on costly fuels, and encourage private sector investment in the energy sector. 2. Grid Enhancement: Upgrading the power grid infrastructure is essential to ensure the smooth flow of electricity across the country. 3. Renewable Energy Focus: Leveraging Pakistan's renewable energy potential can help reduce reliance on imported fossil fuels and lower electricity costs.

Listen to Thomas Arnason McNeil, senior energy coordinator with the EAC, discusses the province's proposed "alternative" to the federal carbon pricing program. 👉️ bit.ly/EACinTheNewsLI #ClimateChange #CarbonTax #CarbonPricing #NSpoli #CDNpoli