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IEF, IHS Markit: deepening underinvestment in hydrocarbons raises specter of continued price shocks and volatility

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Underinvestment in oil and gas development extended into a second year in 2021 even as global energy demand rebounded, raising the prospect of price shocks, scarcity and growing energy poverty, according to a new report by the International Energy Forum (IEF) and IHS Markit. —Joseph McMonigle, secretary general, IEF.

Price 416
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Baker Institute team says fossil fuel subsidies need global reform

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Fossil fuels still receive most of the international government support provided to the energy sector despite their “well-known environmental and public health damage,” according to new research from Rice University’s Baker Institute for Public Policy. Costs ranged from a low of 0.3% 5 consumer of oil,” Krane said.

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BNEF, Snam, IGU report finds global gas industry set to resume growth post-pandemic; low-carbon technologies for long-term growth

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However, the resulting low gas prices, as well as clean air and climate policies, will promote further switching to gas from other more polluting energy sources, such as oil and coal. The report shows that medium-term growth will come from increasing cost-competitiveness and increased global access to gas. Source: BloombergNEF.

Gas 243
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Study finds that dry-feed gasification for coal-to-liquids is more efficient, lower-emitting and cheaper than slurry-feed; CCS cost-effective for reduction of CO2

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Comparison of coal consumption and CO 2 emissions for co-production and separate production of liquids and power. Conventional CTL plant gasifies coal to produce a syngas which is then converted in a Fischer-Tropsch reactor to products. Even with CCS, the liquid product costs are comparable to recent crude oil prices.

Coal 231
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PNNL, NETL and Chinese Academy Begin Cooperative Work on Coal Conversion, Emissions Capture and Carbon Storage

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Researchers from the Department of Energy’s Pacific Northwest National Laboratory (PNNL), the National Energy Technology Laboratory (NETL) and the Chinese Academy of Sciences (CAS) have formed the Clean Energy Partnership to accelerate the development and deployment of coal conversion, emissions capture and carbon storage technologies.

Coal 170
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IEA: governments must act to ensure sufficient supply of critical minerals to meet net-zero goals

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Not only is this a massive increase in absolute terms, but as the costs of technologies fall, mineral inputs will account for an increasingly important part of the value of key components, making their overall costs more vulnerable to potential mineral price swings. Source: IEA.

Supplies 248
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EPA researchers suggest US electricity consumers should be willing to pay 2-4x for emission-free alternatives to fossil fuel electricity due to health impacts

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kWh—approximately 2–4 times current retail costs—for emission-free alternatives to fossil fuel electricity due to the cost of health impacts from fossil fuel electricity, according to a new analysis by a pair of researchers at the US Environmental Protection Agency (EPA) Clean Energy and Climate Change Office, Region 9.

EPA 277