Renewable energy sets global record…but it’s not enough says IRENA

Energy News Beat

ENB Pub Note: The International Renewal Energy Agency (IRENA) says we need to double the amount to hit Net Zero. News Flash: We will never hit Net Zero with the current technology, and the amount of money will just cause a financial crisis of biblical proportions. We have found the more money spent on “Renewable Energy” like wind and solar, the more fossil fuels will be used. Call it “Turley’s Law,” if you will, but Net Zero cannot be achieved with the current technology. 


The world hit a record of 530GW of renewable generation in 2024 but it needs double that amount if we are to meet net zero needs.

International Renewal Energy Agency (IRENA), holding its general assembly in Abu Dhabi this week, revealed globally green generation capacity has now climbed to roughly 4,400 GW, up from 3,870 GW in 2023.

But Director-General Francesco La Camera said this is half of what is needed.

While a record $1.3 trillion (£1.07tn) was invested in energy transition technologies in 2022, annual investments need to quadruple to remain on track to meet global energy transition goals.

IRENA estimates a cumulative $150 trillion (£122tn) in investment is needed by 2050.

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As Wildfires Rage, Lefty Media Blame Climate Change While Defending Newsom, Bass

Energy News Beat

With the California wildfires, the media are blaming climate change, ignoring Newsom and Bass’s failed leadership and LAFD’s misplaced priorities.

calif wildfire
As catastrophic wildfires rage across southern California, the corporate liberal media are engaged in all of their nastiest habits at once in their coverage of the disaster. [emphasis, links added]

From fevered shrieking about climate change to blind defense of inept Democratic officials to obligatory fits of Trump-bashing, their reporting on the California wildfires perfectly highlights everything that makes our leftist media so terrible.

As we’ve seen with how they cover hurricanes, they regard every environmental disaster imaginable as an opportunity to pontificate about climate change.

During the January 8 edition of MSNBC’s The 11th Hour, host Stephanie Ruhle announced:

“Wildfires raging in L.A. are highlighting the risk of climate change — yes, climate change!”

That same evening, CBS anchor Lindsey Reiser claimed on the network’s streaming service:

“The wildfires in California are the latest in a string of natural disasters made worse by climate change.

This refrain persisted through to the weekend until, on Monday, January 13, CNN number cruncher Harry Enten delivered some devastating news to CNN News Central co-host John Berman:

“Despite all these extreme weather events, Americans are really no more worried about climate change than they were nearly 35 years ago. I mean, there’s just no real trend line here, Mr. Berman.”

In other words, despite practically 35 years of journalists shrieking about climate change, Americans are no more concerned about it now than they were in the 1980s.

Journalists also made sure to shield California officials from any and all scrutiny, particularly when that scrutiny came from President-elect Trump.

On January 8, notorious climate alarmist Michael Mann called Trump’s criticism of President Biden and California Governor Gavin Newsom “classic deflection,” adding: “[it’s] because he doesn’t want to talk about climate change.”

Meanwhile, the network displayed a chyron that read: “TRUMP FALSELY BLAMES BIDEN, NEWSOM FOR WILDFIRES.”

On January 13, PBS NewsHour co-host Geoff Bennett scoffed:

“As we continue covering these destructive wildfires out west, the State’s Governor, L.A.’s Mayor, they are really fending off attacks from Donald Trump and his allies.”

Of course, it takes a whole mess of factors for a wildfire to grow to such a massive scale. But there is absolutely no disputing the role that mismanagement and ineptitude played in allowing this disaster to occur.

The gross incompetence of California and Los Angeles officials has been detailed thoroughly by numerous other outlets, so here are just two examples:

  • In 2022, Newsom announced a plan to clear 400,000 acres annually with controlled or “prescribed” burning (among the most important wildfire prevention practices). However, according to National Interagency Fire Center data through October 2024, California burned only 28,000 acres in 2024. Not only is that a pathetic seven percent of what Newsom pledged, but it’s also several orders of magnitude less than the acreage burned in significantly smaller states like Alabama (602,000 acres burned), Arkansas (285,000 acres), and Georgia (1,396,000 acres).
  • In addition to cutting the Los Angeles Fire Department (LAFD) budget by $17.6 million, Los Angeles Mayor Karen Bass appointed a Fire Chief who is significantly more interested in DEI than she is in anything to do with fire prevention or suppression. The Federalist’s Beth Brelje recently went through the LAFD’s strategic plan, where she found some woefully misplaced priorities: “[T]ogether, the words ‘diverse’ and ‘diversity’ appear 16 times; the word ‘water’ appears just twice, and the word ‘hydrant’ does not appear at all.”

There’s plenty more blame to go around, but the point is that not only did these talking heads avoid discussing any of these egregious missteps by California officials, they outright denied the notion that these officials might have mishandled anything to begin with.

Read more at NewsBusters

 

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WSJ Slams California’s Climate Change Scapegoating, Identifies Real Culprits

Energy News Beat

WSJ editors slam California’s climate change scapegoating, blaming failed government response to wildfires and Newsom’s budget cuts worsening the crisis.

newsom wildfires
Attempts to pin the catastrophic California wildfires on the bogeyman of “climate change” are a deflection from the real culprits, the Wall Street Journal editorial board wrote Monday. [emphasis, links added]

The climate left is desperately trying to “change the subject from the failure of the state and local government to contain the fires that often accompany Santa Ana winds,” the WSJ editors note.

The op-ed first dismantles the ridiculous claim that climate change somehow caused the conflagration and then shows how state and local governments, and Gov. Gavin Newsom in particular, have abdicated their important role of protecting California residents from wildfire.

For eco-lefties, “climate change explains wet and dry seasons, which follows the progressive line that climate change is responsible for every natural disaster except for perhaps earthquakes,” the essay observes. “In today’s climate orthodoxy, bad weather is always man-made.”

The editors proceed to reproduce a chart from the California Office of Environmental Health Hazard Assessment that shows precipitation in the state going back 130 or so years.

The chart does not show a trend but rather recurring wet and dry spells, with the latter being especially prevalent in the 1910s and 1920s “when carbon emissions were far less than they are today,” the editors explain.

While climate is ever-changing, “variable rain and snowfall patterns in California are to be expected,” the editors write, and fires “will occur as a result.”

“Rather than blame the climate for wildfires,” they suggest, “the obligation of public officials should be to prepare for them and, when they inevitably occur, mitigate the damage.”

This is, of course, precisely what California’s political leaders have failed to do, and appear determined to keep doing.

Gavin Newsom’s newly introduced budget “skimps on wildfire prevention while boosting spending on Medicaid, green energy, and payoffs to the teachers’ unions,” the essay states.

Despite a revenue windfall, the proposed California state budget “cuts the CAL FIRE’s ‘resource management’ program by half from 2023 to $466.5 million,” the op-ed reveals.

Meanwhile, none of the proposed new spending “will mitigate future fires, droughts or floods or have any impact on global temperatures,” the editors contend.

“Despite their fervent belief that climate change will have catastrophic consequences, Democrats in California perennially underinvest in water storage and land management,” they argue.

Then when fires, water shortages, or floods inevitably happen, “Democrats blame climate change as if there is nothing they could do about any of it,” they write, concluding that what the state really needs is “political climate change.”

Top image via CNN/YouTube screencap

Read more at Breitbart

 

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Biden Orders Clean Energy For AI Infrastructure In Another Last-Minute Green Energy Push

Energy News Beat

Biden signed an exec order to boost AI infrastructure and clean energy while restricting Chinese exports and cracking down on offshore drilling.

biden clean energy presser
President Joe Biden signed an executive order Tuesday, just six days before he leaves office, that aims to bolster the United States’ artificial intelligence (AI) infrastructure and “accelerate the clean energy transition.” [emphasis, links added]

The executive order directs the Department of Defense (DOD) and the Department of Energy (DOE) to lease federal property to the private sector to build “gigawatt-scale” AI data centers while enlisting the Department of the Interior to “identify lands it manages that are suitable for clean energy.”

The move is the latest in a series of last-minute advances for the president’s green energy agenda, which includes a newly announced crackdown for future offshore oil and gas drilling.

“This Executive Order will direct the Department of Defense and the Department of Energy to lease federal sites where the private sector can build frontier AI infrastructure at speed and scale,” the official White House statement reads.

“These efforts are designed to accelerate the clean energy transition in a way that is responsible and respectful to local communities, and in a way that does not impose any new costs on American families.”

The order defines “clean energy generation resources” as geothermal, nuclear fission and fusion, solar, wind, hydroelectric, hydrokinetic, and marine energy — or any energy source that produces “few or no emissions of carbon dioxide.”

The energy consumed while training large language models (LLMs) has long been a concern for climate activists, who point out that AI and cryptocurrency data centers accounted for nearly 2% of global energy consumption in 2022 — a figure that could double by 2026, according to the International Energy Agency (IEA).

The White House also called the development of U.S. AI infrastructure a “national security imperative” in the statement, emphasizing the need to prevent adversaries from harnessing the “powerful systems.” …snip…

Biden also announced Monday a new restriction on advanced semiconductor exports, which aims to prevent countries like China from training advanced LLMs.

The executive order is another eleventh-hour move in what appears to be an effort to stymy President-elect Donald Trump’s energy agenda, which is expected to include a vast expansion of oil and gas drilling on federal lands and waters.

Read full post at Daily Caller

 

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Russia strikes key Ukrainian gas storage facility – MOD

Energy News Beat

The Russian Defense Ministry has givben details of Wednesday’s attack on Kiev’s energy infrastructure

Russia strikes key Ukrainian gas storage facility – MODRussia strikes key Ukrainian gas storage facility – MOD

Russia has targeted Ukraine’s critical energy infrastructure in response to recent attacks on Russian territory using Western-supplied long-range missiles, the Russian Defense Ministry announced early Thursday.

The combined strikes, carried out on the morning of January 15, involved drones and high-precision weaponry, and hit several facilities supporting Ukraine’s military-industrial complex.

“One of the successfully hit targets was the ground infrastructure of the largest underground gas storage facility in the city of Stryi in the Lviv region,” the ministry stated. According to previous media reports, explosions were also heard at various facilities in the Khmelnitsky, Vinnitsa, Ivano-Frankovsk, and Kharkov regions, although the Defense Ministry has not disclosed the full list of targets.

The ministry said the strikes were a direct response to Ukraine’s use of US-made ATACMS and British-made Storm Shadow missiles in strikes deep into Russian territory, as well as Kiev’s attempt to target a Russian gas compressor station in Krasnodar Region. The facility is essential for operating the TurkStream pipeline, which delivers Russian gas to Türkiye and Europe.

Following Wednesday’s strikes, Ukraine’s state energy company Ukrenergo confirmed widespread power outages in Kharkov, Sumy, Poltava, and Dnepropetrovsk due to what it described as a “massive missile attack.”

Moscow has labeled Kiev’s attempt to destroy the TurkStream pipeline facility an act of energy terrorism,” and Russian Foreign Minister Sergey Lavrov has accused Washington of green-lighting sabotage in Europe.

In early 2024, Moscow added Ukrainian power plants to its list of legitimate military targets, citing increased drone incursions by Kiev into Russian territory. The Ukrainian raids have primarily targeted energy infrastructure but have also hit residential areas. Most of Ukraine’s non-nuclear generation capacity has been disabled or destroyed in strikes since then, and Ukrenergo has acknowledged that the national power system is struggling to recover.

The Russian Defense Ministry warned in its statement that “any provocations by the Kiev regime will not go unanswered.”

Ukraine’s Bilche-Volytsko-Uherske underground gas storage facility, located near the city of Stryi, is the largest of its kind in Ukraine and Europe, with capacity of approximately 17 billion cubic meters. Strategically situated near Ukraine’s western borders with Poland, Slovakia, Hungary and Romania, the facility has played a crucial role as a hub for the transit of Russian natural gas into the EU. Kiev halted the flow of Russian gas to European customers via Ukraine on January 1, after refusing to extend a transit deal with Russian energy giant Gazprom.

 

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TotalEnergies says Q4 LNG results to benefit from higher production

Energy News Beat

“Integrated LNG results are expected to benefit from a 6 percent increase in production, LNG realizations above $10/MMBtu and stronger gas trading that is back to the performance of the fourth quarter 2023,” TotalEnergies said on Thursday.

The company’s integrated LNG adjusted net income reached about $1.46 billion in the fourth quarter of 2023, while it reached about $1.06 billion in the third quarter of 2024, a drop of 8 percent year-on-year and 7.7 percent compared to the previous month.

During the third quarter, TotalEnergies sold 9.5 million tonnes of LNG, down 9.5 percent compared to 10.5 million tonnes in the same period last year, but up 8 percent compared to 8.8 million tonnes in the prior quarter.

Hydrocarbon production for LNG, excluding Novatek, was up 7 percent quarter-to-quarter to 464 kboe/d, reflecting lower unplanned shutdowns.

TotalEnergies said its hydrocarbon production in the fourth quarter of 2024 is anticipated to increase “slightly, within the quarterly guidance range (2.4 and 2.45 Mboe/d).”

Exploration and production results are expected to reflect the $5/b decrease in oil prices, partially compensated by higher gas realizations, according to the firm.

TotalEnergies reported a rise in its average price for equity LNG sales in the fourth quarter of last year.

The French firm said the average LNG price was $10.37/MMBtu in the October-December period, a rise of 0.9 percent compared to $10.28/MMBtu in the same quarter in 2023.

The average price also rose compared to $9.91/MMBtu in the third quarter, $9.32/MMBtu in the second quarter, and $9.58/MMBtu in the first quarter of 2024.

TotalEnergies plans to release its results for the fourth quarter and full year 2024 on February 2, 2025.

 

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MET supplies gas to Czech Republic via German LNG terminal

Energy News Beat

MET revealed this on Thursday announcing its entry into the Czech market through its Prague-based subsidiary MET Česká Republika.

As a first step, the company will focus on supporting Czech wholesale energy market participants, such as large energy-intensive industrial companies and utilities – with an aim of offering its services to smaller customers and households at a later stage.

The newly established MET subsidiary in the Czech Republic has already received the necessary licenses for power and gas trading.

MET has been active in the country before: as part of its international operations, the group has recently delivered regasified LNG to the Czech market on the basis of its import capacities booked in Germany.

In the Czech Republic, the coal-to-gas switch in particular will be of great importance in the coming years in order to reduce emissions, according to MET.

MET did not provide further information regarding the first delivery of regasified LNG to the Czech market.

The group previously booked regasification capacities at the FSRU-based LNG import terminal in Germany’s Lubmin, owned by Deutsche ReGas.

This FSRU is now part of the Mukran LNG import facility which includes two units.

MET noted in the statement it recently secured long-term LNG supply agreements from the United States, adding that it has one of the “most diversified” LNG import structures from a geographical perspective in Europe.

Last year, the company entered into a 10-year deal to buy US LNG volumes from LNG giant Shell.

Before this contract, MET entered in September 2023 into a 20-year non-binding deal with US LNG terminal developer Commonwealth LNG to buy 1 mtpa of LNG from the proposed 9.3 mtpa plant in Cameron, Louisiana.

“Natural gas and LNG will continue to play a role in securing energy supplies for Europe as it represents the fossil fuel with the lowest carbon footprint and – as a bridge fuel – it also backs up weather-dependent renewable energy sources,” MET said.

 

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Novatek’s gas sales drop in 2024

Energy News Beat

Novatek said in its preliminary report issued on Thursday that the company’s natural gas sales reached 77.76 bcm in 2024.

This compares to 78.63 bcm in 2023, which makes a rise of 2.7 percent year-on-year.

Novatek did not break down the 2024 gas sales just to LNG, as it had done in the previous five quarterly reports.

Novatel reported a 47.3 percent rise in its LNG sales to 3.24 bcm in the second quarter of 2023, while Novatek’s LNG volumes rose 60 percent to 2.97 bcm in the first quarter.

Novatek’s gas production rose 2.1 percent to 84.08 bcm in 2024.

In 2024, hydrocarbon production totaled 667 million barrels of oil equivalent (mmboe), including 13.8 million tons of liquid hydrocarbons (gas condensate and crude oil), resulting in an increase in total hydrocarbons produced by 21.6 mmboe, or by 3.3 percent as compared with the twelve months 2023.

As of December 31, 2024, Novatek had 1.3 bcm of natural gas, including LNG, and 2.0 mmt of stable gas condensate and petroleum products in storage or transit and recognized as inventory.

Novatek currently exports LNG via its 17.4 mtpa Yamal LNG plant and the mid-scale facility in Vysotsk with a nameplate capacity of 660,000 tons.

In addition, Novatek is working on the sanctioned Arctic LNG-2 export plant, but reports suggest that the company is not producing LNG at this facility due to sanctions by the US and the EU related to the project.

In August 2024, Novatek delivered the second gravity-based structure platform from its yard near Murmansk to the site of the Arctic LNG 2 project located on the Gydan peninsula.

The company completed the second GBS despite sanctions.

The first GBS left the Belokamenka yard in July 2023 and Novatek completed the installation on the underbase foundation on the seabed at the Utrenniy terminal in August.

The first and second GBS each have a capacity of about 6.6 mtpa.

 

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World oil prices surge on latest Russia sanctions

Energy News Beat

The International Energy Agency had earlier warned that US restrictions could disrupt global supply chains

World oil prices surge on latest Russia sanctionsWorld oil prices surge on latest Russia sanctions

Global oil prices soared on Wednesday after the US announced a new sanctions package targeting the Russian oil sector. The rally has also been supported by a drawdown in US crude stockpiles.

According to market data, Brent crude futures rose by more than 2%, reaching $82.10 a barrel – the highest since August 2024. US West Texas Intermediate crude (WTI) went up by more than 3%, hovering around $80 a barrel.

Since Friday, when the administration of US President Joe Biden announced the sanctions, Brent has risen by around $5, while WTI has gained about $4, according to data from Investing.com.

Another factor was that US crude oil inventories last week collapsed to their lowest levels since 2022, according to the US Energy Information Administration. However, according to Reuters, the oil rally was limited by the ceasefire agreement between Hamas and Israel, which was seen as a sign of de-escalating tensions in the Middle East.

The new round of sanctions against Russia targeted major Russian oil companies such as Gazprom Neft and Surgutneftegas, as well as dozens of vessels involved in transporting Russian oil. A Reuters analysis published earlier this week suggested that the restrictions will affect 10% of the world’s oil tanker fleet, with many ships unable to enter major ports.

Moscow has condemned the sanctions, calling them “illegal,” with Kremlin spokesman Dmitry Peskov warning that they could destabilize global energy markets. Responding to Biden’s move, Russian Foreign Ministry spokeswoman Maria Zakharova suggested that the president’s legacy would be defined by the “mess” he leaves behind.

On Wednesday, the International Energy Agency (IEA) warned that the US sanctions against Russia could significantly disrupt oil supply chains and tighten the global commodities market.

 

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Scotland gets 2 GWh of battery storage

Energy News Beat

Two major projects in Scotland will be getting 2GWh of storage to help the grid despatch renewable power.

Canadian Solar announced that its subsidiary e-STORAGE, will deliver battery energy storage systems for two major projects in Scotland.

The planned Coalburn 2 will be situated in South Lanarkshire on the former Broken Cross opencast coal mine, it is expected to be Europe’s biggest battery farm once open.

e-STORAGE will also supply battery storage to the 1 GWh Devilla project in Fife. Both will feature two-hour energy dispatch capability and are set to begin construction in 2027.

The giant batteries will be charged with excess power from Scottish wind farms and the energy will be used during times of high electricity demand.

The systems will provide enough energy to power 250,000 homes for a full day, enhancing grid stability and supporting the UK’s clean energy transition.

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