IEA’s climate models criticised as too fossil-fuel friendly. The world’s top energy body has come under fire from leading investors and scientists who say that its energy forecasts are not in line with the latest climate science, and could contribute to higher levels of carbon dioxide emissions. In a letter to the International Energy Agency seen by the Financial Times, businesses including Hermes Investment Management, Allianz Group and Legal & General Investment Management have asked the IEA to develop a new model with lower emissions that would line up with 1.5C of warming. The IEA’s benchmark annual World Energy Outlook is considered the definitive assessment of the energy sector, but critics say its models do not go far enough in mapping the deep cuts in carbon emissions needed to limit the worst climate impacts, and are too fossil-fuel friendly as a result.
FT 3rd April 2019 read more »
Britain’s power grid could run entirely on zero-carbon electricity by 2025, according to a new report. The report by National Grid Electricity System Operator (ESO) states that by 2025, the UK’s electricity grid will be able to operate ‘safely and securely at zero carbon’ whenever there is sufficient renewable generation online and available to meet demand. The National Grid ESO is a separate company within the National Grid group, which relies on a mix of energy from different sources to balance the system and ensure that electricity is always there when people need it. Over the last decade, the amount of renewable energy used as part of the overall energy mix on the grid has steadily increased.
Environment Journal 2nd April 2019 read more »