In the pipeline
- Sunday, March 15: LAUSANNE, SWITZERLAND – US Energy Secretary Ernest Moniz joins Secretary of State John Kerry for nuclear negotiations with Iran. Western officials tell Reuters that major powers are holding talks on ending sanctions on Iran if a nuclear deal is struck. That would put added downward pressure on global oil prices as traders expect an oversupply even without added Iranian oil.
- Thursday, March 19 to Friday, March 20: BRUSSELS – The European Council meets to discuss the proposed Energy Union, relations with Russia, and the situation in Ukraine. EU officials must decide whether or not to extend sanctions on Russia’s energy, finance, and defense sectors until the end of 2015.
- Friday, March 20: GERMANY – A solar eclipse from 9:30 a.m. to 12 p.m. puts Germany – a leader in intermittent solar energy – to the test. Electric utilities are scrambling to prepare for a huge drop in solar output as the moon obscures the sun, followed by a surge when the sunlight returns. It’s a unique challenge indicative of a world increasingly reliant on intermittent renewable energy.
Drill deeper
Do India’s Renewable Energy Targets Make Sense? [ Council on Foreign Relations] “[I]t looks like the Modi government may be using aspirational goals as a clever but risky tool to fast-forward development of its renewable energy sector,” writes Varun Sivaram, a fellow at the Council on Foreign Relations. “Renewables may also be particularly convenient to rally the nation around a ‘win-win’ on energy security and environmental protection, though their value as the primary policy instrument for those goals is questionable.”
Battery Hackers Are Building the Future in the Garage [ Bloomberg] Intrepid battery hackers are jerry-rigging lithium-ion batteries from Teslas and other cars to store solar power generated on their rooftops. The hack overcomes one of solar’s biggest obstacles: How do you store solar power for home use when the sun’s not shining? Don’t be tempted to start any DIY tinkering yourself, though – one wrong move could trigger a “self-sustaining reaction that can cause violent explosions.”
How Falling Oil Prices Are Hindering Iraq’s Ability to Fight Islamic State[ Wall Street Journal] “We’re battling on two fronts, both ISIS and oil,” Mudher Salih, a financial adviser to Iraqi Prime Minister Haider al-Abadi, tells the Wall Street Journal. And each battle is complicating the other: Low oil prices mean Iraq has less money to spend combating Islamic State militants, and Islamic State-fueled turmoil could cut the amount of oil Iraq produces. Iraq’s revenue could fall 40 percent this year due to low oil prices.
Energy sources
- EPA Administrator Gina McCarthy: "A few years ago, we put an air monitor on the roof of the U.S. Embassy in Beijing, and posted air quality data online. We did it so American diplomats could know when air pollution reached dangerous levels—and could protect themselves and their families. Well, it worked—and then some. It informed the Chinese public about air pollution risks. And it gave the Chinese government an opportunity to respond—by more effectively capturing data and cutting pollution in ways that align with climate and economic goals. Our embassy air monitor is a textbook example of soft diplomacy"
- Carnegie Endowment for International Peace: "Thirty global test oils were modeled ... throughout the entire oil supply chain—oil extraction, crude transport, refining, marketing, and product combustion and end use. There is an over 80 percent difference in total GHG emissions per barrel of the lowest GHG-emitting ... oil and the highest."
- IEA chief economist Fatih Birol on news of stalled global emissions: "This is both a very welcome surprise and a significant one ... It provides much-needed momentum to negotiators preparing to forge a global climate deal in Paris in December: for the first time, greenhouse gas emissions are decoupling from economic growth."
Unplug
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