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Opinion: Ukraine’s Next Crisis? Economic [and energy] Disaster

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Ukraine’s next crisis will be a devastatingly economic one, as violent conflict destroys critical infrastructure in the east and brings key industry to a halt, furthering weakening the energy sector by crippling coal-based electricity production. Key industry sources say they will potentially run out of coal in less than three weeks.

Ukraine 225
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U Chicago, MIT study suggests ongoing use of fossil fuels absent new carbon taxes

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A paper by a team from the University of Chicago and MIT suggests that technology-driven cost reductions in fossil fuels will lead to the continued use of fossil fuels—oil, gas, and coal—unless governments pass new taxes on carbon emissions. for oil, 24% for coal, and 20% for natural gas.

Chicago 150
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C2CNT process converts flue gas from natural gas power plant into carbon nanotubes

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On 26 July, the first flue gas from the natural gas power plant, the Shepard Energy Center in Calgary, Canada, was directly transformed by the C2CNT process ( earlier post ) into carbon nanotubes. The carbon nanotubes are valued at more than $100,000 per tonne—a thousand-fold greater than coal. —Prof. 2019.07.007.

Carbon 353
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EIA Energy Outlook 2011 more than doubles estimates of US shale gas resources; higher production at lower prices

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Shale gas offsets declines in other US supply to meet. The Annual Energy Outlook 2011 (AEO2011) Reference case released yesterday by the US Energy Information Administration (EIA) more than doubles the technically recoverable US shale gas resources assumed in AEO2010 and added new shale oil resources. Source: EIA.

Gas 199
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Berkeley study finds renewable portfolio standards insufficient to meet 2030 GHG emission targets; new policy required

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One possible scenario for the electricity system in the Western US in 2026-29. Pie charts show the proportion of different types of energy sources generating power and flowing between load areas if there were a carbon tax of $70 per ton. To meet these carbon goals, coal has to go away from the region. Click to enlarge.

Renewable 231
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President’s Jobs Council recommends an “All-in” energy strategy; from fossil fuels and pipelines, to efficiency, renewables and vehicle electrification

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Very broadly, the report lays out an agenda to “Invest in Our Future” through education and innovation, “Build on Our Strengths” in the critical sectors of energy and manufacturing, and “Play to Win” by making overdue tax and regulatory reforms to stay competitive. America must do likewise. —“Road Map to Renewal”.

Renewable 236
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EPRI assesses status of 8 key power generation technologies for US; estimates of capital cost and levelized cost of electricity

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Comparative levelized cost of electricity in 2025 ($/MWh) at different CO 2 prices. For the report, central-station generation refers to >100 MW, with the exception of some renewable-resource-based technologies. Source: EPRI. Click to enlarge. Representative costs are reported in constant December 2010 US dollars.

EPRI 239