NewEnergyNews: The New Energy World At War

NewEnergyNews

Gleanings from the web and the world, condensed for convenience, illustrated for enlightenment, arranged for impact...

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YESTERDAY

  • FRIDAY WORLD HEADLINE-Global 2022 New Energy Bets to Grow 8% to $2.4 Trillion
  • FRIDAY WORLD HEADLINE-World’s Planned Offshore Wind Doubled in 2021
  • THE DAY BEFORE

    THINGS-TO-THINK-ABOUT WEDNESDAY, June 29:

  • ORIGINAL REPORTING: New York’s Path To The Energy Transition
  • Net Zero Emissions Will Not Come Easy
  • THE DAY BEFORE THE DAY BEFORE

  • Monday Study: Cyber Security For The U.S. Power System
  • THE DAY BEFORE THAT

  • Weekend Video: The Most Under-Appreciated, Overlooked New Energy
  • Weekend Video: Stress On The U.S. Power System
  • Weekend Video: The Ocean’s Unseen Climate Crisis Fight
  • THE LAST DAY UP HERE

  • FRIDAY WORLD HEADLINE-Global New Energy Demand To Meet, Old Energy Subsidies To Beat
  • FRIDAY WORLD HEADLINE-Global Energy Efficiency Push Gains Momentum
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    Founding Editor Herman K. Trabish

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    Some details about NewEnergyNews and the man behind the curtain: Herman K. Trabish, Agua Dulce, CA., Doctor with my hands, Writer with my head, Student of New Energy and Human Experience with my heart

    email: herman@NewEnergyNews.net

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  • WEEKEND VIDEOS, July 2-3:
  • Rule Against This, Supreme Court
  • Forget The Supreme Court, The Climate Crisis Fight Continues
  • An Answer To The Energy, Climate, And Geopolitical Crises

    Friday, May 27, 2022

    The New Energy World At War

    Global Power and Renewables Research Highlights, May 2022

    Rama Zakaria, 18 May 2022 (HIS Markit/S&P Global)

    “…As the Russia-Ukraine conflict continues to rage, global energy markets are witnessing unprecedented volatilities…On the back of already tight global fuel markets from last year, the conflict has pushed spot coal and gas prices to record highs, making wholesale power prices skyrocket around the world. The crisis also prolonged global supply chain disruptions and instigated new energy security concerns….[C]oal and gas markets are expected to remain tight in the near term, continuing to pressure power prices. While the situation is particularly acute in Europe given its dependence on Russian fuel imports, the impacts are being felt globally—albeit to varying extents…

    Sustained tight fuel markets, in turn, challenge power system reliability, with supply disruption risks expected to be higher in markets such as South and Southeast Asia where affordability is a concern. In the short term, the focus on energy security could translate to higher coal and nuclear generation, but in the medium to long term, there will likely be a push to accelerate the energy transition and reduce fossil fuel dependence—although the pace of transition will likely be different in different regions…[T]he Ukraine conflict has also renewed supply chain risks for clean technologies, as Russia is a significant producer of critical materials used in wind, solar photovoltaics (PV), and battery storage.

    In 2021, raw material prices increased by 10-20% compared with the previous year, owing to the global supply chain crisis. While costs are projected to increase by an additional 5-10% in 2022, the impacts are anticipated to be temporary and clean energy supply chains are expected to remain resilient. A more lasting impact of the war would be increased regionalization of supply chain. Despite the Ukraine conflict, countries around the world are making progress on energy transition policies, to varying extents, while also keeping supply security and economic growth top of mind… click here for more

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