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Fit for 55: Reshaping global climate leadership and transatlantic cooperation

Fit for 55: Reshaping global climate leadership and transatlantic cooperation
EnergySource
by
The Global Energy Center
Facade of the European Parliament Paul Henri-Spaak building in Brussels, Belgium (Guillaume Périgois/Unsplash)
On July 14, 2021, the European Union (EU) took another major step towards climate neutrality by rolling out a massive roadmap that provides a legislative backbone for the European Green Deal. The Fit for 55 package includes climate, energy, land use, transport, and taxation policies aimed at reducing greenhouse gas emissions 55 percent by 2030, compared to 1990 levels. Will the package push global leaders to turn climate goals into action or will complex negotiations between the 27 EU member states and the European Parliament derail the EU’s efforts to lead on the energy transition? In this rapid response piece, Global Energy Center experts analyze the highlights and implications of the Fit for 55 ....

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Rapid Response: President Biden's Leaders Summit on Climate

Rapid Response: President Biden's Leaders Summit on Climate
atlanticcouncil.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from atlanticcouncil.org Daily Mail and Mail on Sunday newspapers.

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Rapid response: Secretary Blinken's April speech on climate

Secretary of State Antony J. Blinken delivers remarks to employees at the U.S. Department of State in Washington, D.C., on January 27, 2021. (State Department Photo by Ron Przysucha/ Public Domain)
Speaking from the Chesapeake Bay Foundation’s Philip Merrill Center, US Secretary of State Tony Blinken delivered an address to usher in President Joe Biden’s Leaders Summit on Climate, which will begin this week on Earth Day. Secretary Blinken laid out the stakes of inaction on climate from sea level rise to more severe wildfires to other extreme weather events and detailed a range of efforts on climate adaptation and mitigation to address the challenges of a warming world. ....

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Rapid response: SPP/ERCOT winter freeze energy crisis

Rapid response: SPP/ERCOT winter freeze energy crisis
EnergySource
by
Global Energy Center
Frozen fountain with icicles at the Bexar County Courthouse in San Antonio, Texas (charzalan/Shutterstock)
The winter storm that swept the southern and southwestern United States and parts of Mexico has left millions without access to electricity, heat, and water in the midst of a pandemic. Nearly all energy sources in the mix from fossil fuels to wind turbines to nuclear power plants have taken a hit in the last few days. Although rolling blackouts imposed by the Electricity Reliability Council of Texas (ERCOT) and the Southwest Power Pool (SPP) grid operator have tried to restore stability to the grid, the blackouts have had dire consequences for residents who are facing the prospect of yet another day without power. The grid operators’ response has raised urgent questions about crisis management and grid resilience. Atlantic Council ....

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Oil demand is back in focus after vaccine-led rally | Hellenic Shipping News Worldwide

Oil demand is back in focus after vaccine-led rally
The optimism around vaccine rollouts has supported oil prices into 2021 – but traders are now focusing on the impact of the pandemic on longer-term demand for the commodity.
Brent crude prices closed at $55.04 a barrel in its last trading session, while US crude dripped slightly to $52.14.
“We might be further away from supply-demand balance ante that current price levels suggest,” said Reed Blakemore, deputy director of the Atlantic Council’s Global Energy Center.
Blakemore added there’s still a long way to go before “we can really start to draw on the inventories in the physical market.” There are “uncertainties abound on the demand side like consumption habits associated with economic reopening, the easing of lockdowns and return of consistent commuter activity” ....

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