Trump may not be a fan of clean energy, but sooner or later he must realise that the cost of technology like wind and solar is rapidly outcompeting all other forms of new generation, including coal, gas and nuclear. As existing power plants get older and need to be replaced, these economic fundamentals are driving new clean energy at unprecedented rates. Investment in clean energy globally is now greater than that for fossil fuel based generation, and that trend should only continue.
Renew Economy 14th Nov 2016 read more »
The head of an Edinburgh-based energy consultancy is to present evidence at the House of Lords tomorrow (15 Nov). George Grant, Founder and Managing Director of STAG Energy, is one of a handful of witnesses – along with Renewables UK – who are due to speak about the energy sector’s latest technological developments. The Committee is exploring the present mix of policy interventions and subsidies in the energy market – including whether renewable power will ever be competitive without government subsidies. Grant has worked in the power generation and gas infrastructure sectors for over two decades. Prior to setting up Stag Energy in 2012, he was Regional Executive for InterGen’s activities in Europe, Middle East and Africa, responsible for investments totalling nearly $6 billion.
Scottish Energy News 14th Nov 2016 read more »
It was central to 2010’s “Low carbon economic strategy for Scotland” that there could be economic opportunities in decarbonising the Scottish economy: “jobs in the low carbon sector in Scotland could… rise to 130,000, over 5% of the Scottish workforce”. The slightly later “2020 Routemap for Renewable Energy in Scotland” justified ambitious energy targets – for instance, the equivalent of 100% of Scottish electricity demand to be produced from renewables in Scotland – as “necessary to reindustrialise Scotland through 21st century technologies and seize the opportunities to create tens of thousands of new jobs and secure billions of pounds of investment in our economy”. Five years later, it is an opportune time to reflect on what we can conclude about the economic successes of low carbon and renewable energy policy in Scotland. July’s ONS survey estimated that there were 21,500 jobs in low carbon and renewable energy (LCRE) activities in Scotland in 2014, less than 1% of total employment in Scotland in that year. Additionally, the lack of a widely agreed definition and a regularly repeated survey using a consistent methodology makes it difficult to track how this measure has evolved over the last five years. The new ONS survey marks a positive development in this regard. But it only marks the first step. More jobs will be supported by LCRE activities through the supply chain, and new methods will be required to develop this, avoid issues of double-counting and obtain a full system-wide understanding of these new activities, innovations and technologies.
Scottish Energy News 13th Nov 2016 read more »