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Wartsilas report shows: Southeast Asian countries can smoothly transition to net zero by mid-century, slashing emissions and the carbon tax cost burden

Power system modelling by the global technology group Wärtsilä has revealed that renewable-based power systems, backed by grid balancing engines and energy storage, can enable Southeast Asian countries to reach net zero by mid-century whilst cutting the levelised cost of electricity (LCOE) by over 20%, when taking into account likely future carbo ....

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Philippines to hit net zero emissions by 2050, says Finnish firm Wärtsilä

“Critically, when factoring in the International Energy Agency’s (IEA)’s upper forecasted carbon prices, the study shows that the LCOE (levelized cost of electricity) in the “Net Zero” scenario is 23% lower than in the “Business As Usual” (BAU) scenario. This would equate to an annual saving of $6.5 billion,” Finnish energy technology company Wärtsilä said. ....

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Rethinking Energy Security

This week Ed Crooks (WoodMac) joins Joseph Majkut (CSIS) to focus on energy security in light of the ongoing Russian invasion in Ukraine. Ed and Joseph discuss the sanctions on Russia, how the U.S. and Europe are rethinking energy security, and what policy options are available to alleviate the short term supply side challenges without upsetting long term climate goals. ....

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