The main theme of the summit was Three E (Economics, Ecology, Energy) Synthesis Formation as a health factor of the Earth: The Hydrocarbon Époque – Opportunities for New Technology Development.
Experts discussed a comprehensive approach in the development of world energy at the Global Energy Prize Summit.
The director-general of the International Renewable Energy Agency has said that the countries with large reserves of oil and gas, are taking more and more steps to increase investments in renewable energy and the share of such energy sources in their electricity mix.
The director-general of the International Renewable Energy Agency believes that the trajectory of decarbonization in the US will continue, despite the official withdrawal from the Paris Climate Agreement.
The humanity is facing a challenge – how to build a modern industrial society at the lowest possible cost with minimum damage to the environment. The annual Global Energy Prize Summit was held under the slogan of Three E (Economics, Ecology, Energy). As a result of the discussion, another “e” was added – energy efficiency.
Global Energy Prize Experts have not figured out yet how to make the world switch to RES How to combine new power technologies with energy efficiency and decarbonisation of energy – that was the subject discussed by the Global Energy Prize laureates and members of the International Award Committee at the annual summit in Lyon. Experts unsurprisingly believe electric energy to be the centrepiece of the future more distributed system and to replace hydrocarbon fuel, with green generation becoming the main energy source. However, their visions of the timing of this quantum leap vary significantly. Besides, there is no consensus as to whether this transition should be supported by government subsidies, or the “new energy” has to make its way naturally, relying on market factors. Yuri Barsukov reporting.
Gas and solar power will dominate the world’s energy mix within the next 50 years, according to a report released this week by the Moscow-based Global Energy Association, which administers the annual Global Energy Prize.
Global Energy Prize chief calls for 10% drop by 2100. Smokes billow out of chimneys at a chemical plant in north China’s Tianjin municipality, December 23, 2008 (reissued 31 May 2017). By 2100, CO2 emissions from power, domestic and commercial space heating, industrial production, and transportation should be reduced to 10% of current level, a new study presented at the St Petersburg Economic Forum finds.
Experts said that in 15 years the largest energy resources producer will be the United States, 50 years later – Russia, and 100 years later – China.
ST. PETERSBURG (Sputnik) — Investment in renewable energy will continue to grow worldwide and in Russia in particular, International Renewable Energy Agency (IRENA) Director-General Adnan Amin told Sputnik on the sidelines of St. Petersburg International Economic Forum (SPIEF).
Between the energy hub of Houston, Texas, and the Gulf Coast lies a sprawling petropolis: a sea of refineries and oil storage tanks, power lines, and smokestacks, all dedicated to converting fossil fuels into dollars. They are the reason why the Houston area emits more carbon dioxide (CO2) than anyplace else in the United States.
On 9 March, NET Power – a collaboration between Exelon Generation, CB&I, and 8 Rivers Capital – announced it had broken ground on a first-of-a-kind power plant that will demonstrate the Allam Cycle. This novel concept (described by its inventor, Rodney Allam, in Modern Power Systems, May 2013 issue) employs oxyfuel combustion of gaseous fuel and supercritical high pressure carbon dioxide as the working fluid to drive a turbine, with the inherent elimination of all atmospheric emissions without requiring expensive, efficiency-reducing “add-on” carbon capture equipment.
Who is going to be the Global Energy Prize laureate this year? In experts’ opinion, famous people may compete for the prestigious Global Energy Prize this year – from the ex-Secretary of Energy, Nobel laureate, Professor Steven Chu to great innovator Elon Musk, seasoned members of the Russian Academy of Sciences, and technological headliners of the world.