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Politico.eu.com | Cap the cost of all gas imports to EU, Belgian PM says, 8 Sep scope adjustment
The European Union should impose a radical plan to cut the cost of energy by capping the price paid for gas imported from anywhere else in the world, Belgian Prime Minister Alexander De Croo said in an interview
The Plan objective—which is not absolute elimination of EU fuel consumption and waste (Q)—has not changed. The feasible domain of EU enforcement has. Establishing an explicit boundary of rationality around the EU27 is nice, given that lingering errors in EU problem recognition d/b/a sanctions against Russian gas restrain holy free trade NORMS and indiscriminately penalize ROW.
cap only on gas imported from Russia...the [sic] mounting economic crises, fueled by Russian President Vladimir Putin's invasion of Ukraine ...cutting gas supplied to the bloc in retaliation for sanctions imposed on Moscow by Brussels
Eurocentricity will not go quietly into the night, figuratively speaking.
Under De Croo's proposal, the cap on all [EU27] gas imports would need to be implemented in a "dynamic way" [EUR-denominated value band; See EC draft] to ensure that there was still a reason [other than "sustainable" value-add/margin/profit transactions?] for traders to sell gas [produced by "third-countries" anywhere] to Europe rather than, for example, in Asian markets.

Asian [LNG] prices are currently about half of those in Europe ["ex-post": "a few euro" freight by wght + P&I + customs FTE admin], De Croo said. If Europe sets The Price Cap 5 percent higher than [JKM] Asia [index], he explained, "all traders in the world will still continue to sell in Europe, because you they still get a price that is more attractive greater than Asia buyers can afford."

epiphany however fleeting
Earlier on Thursday, Belgium's Energy Minister Tinne Van der Straeten went even further and said Belgium would not support the Commission's plan to impose a price cap specifically on Russian gas imports.

"A cap on Russian gas only is a purely political objective," the Green politician told reporters. "I don't see the added value in that. We will not agree to this."

EC | draft electricity market emergency interventions
NB. disposition of revenue earned by renewable energy generators to maintenance of fossil fuel P&E
by Cat on Fri Sep 9th, 2022 at 02:17:16 PM EST
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APsplainin Summer of '22 brought record heat, solar power to Europe, 8 Sep
The [Ember] group said [18/]27-nation bloc generated [12.2]% of its electricity from solar power from May to August, up from 9% during the same period last year. Solar energy narrowly topped the share provided from wind [11.7%] or hydropower [11%], while coming in just below that produced from burning coal [16.5%].

Ember said that without the 99.4 terrawatt hours of electricity provided by solar, the EU would have had to buy 20 billion cubic meters of gas, costing about 29 billion euros (nearly $29 billion) during the four-month period.

...In order for solar capacity and generation to match necessary ambition by 2030 --
as well as REPowerEU targets -- this rate of deployment must continue. However, Ember's recent analysis shows that projections for the upcoming years fall short of the goal, with annual capacity additions in 2026 meeting only 46% of the value required under 1.5C pathways. This is largely due to permitting bottlenecks, with several countries exceeding the legally binding limits of project development times—these barriers need to be addressed for solar to keep growing....

The Netherlands and Germany, not known for their sunny climates, had the highest share of electricity from solar, followed by Spain. Poland saw the biggest increase in solar power generation compared with 2018, increasing installed capacity 26-fold, the report said....

Ember Group methodology
by Cat on Sat Sep 10th, 2022 at 02:09:40 AM EST
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My solar panels on the coast in The Hague +30% 🌤☀️ Nice 😄

'Sapere aude'
by Oui (Oui) on Sat Sep 10th, 2022 at 07:57:01 AM EST
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euractiv | EU countries call on Brussels to cap gas prices, but leave out details, 9 Sep longitudinal embargo studies
...Germany, for its part, suggested that a complete ["]stoppage["] in Russian gas imports would not do more harm to its economy since Moscow has already ["]halted["] deliveries exports through the Nord Stream 1 pipeline last week.

"Germany no longer gets Russian gas and we can still store it," said German economy and climate minister Robert Habeck. "This means that the market no longer expects us to collapse if there is no Russian gas."...

archived What this means, I believe, is ... in Krugman-Admits-He-Was-Wrong! (Pt. 1?)
illustrated
by Cat on Mon Sep 12th, 2022 at 01:47:52 PM EST
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