Is the IEA still underestimating the potential of photovoltaics?

Photovoltaics (PV) has become the cheapest source of electricity in many countries. Is it likely that the impressive growth observed over the last decade – every two years, capacity roughly doubled – will be sustained, and is there a limit to the growth of PV? In a recently published article (Creutzig et al 2017), we […]

The EU energy system towards 2050: The case of scenarios using the PRIMES model

By P. Capros, M. Kannavou, S. Evangelopoulou, A. Petropolos, P. Siskos, N. Tasios, G. Zazias and A. DeVita Introduction In November 2016, the European Commission presented the ‘Clean Energy for all Europeans’, (i.e. ‘Winter package’), a set of measures to keep the European Union competitive as the clean energy transition is changing global energy markets. […]

Technological innovation “trumps” politics

Technological innovation, often induced by national and sub-national policies, is a key driver of global climate and energy policy ambition and action. Donald Trump’s decision to pull out of the Paris Agreement will hardly affect this trend. US President Donald Trump recently decided to pull out of the Paris Agreement. Will this be the beginning […]

Bringing into focus the financing challenge of the low-carbon innovation

For some time in discussions about a global transition towards a low-carbon economy the unacknowledged elephant in the room was the financial sector. Various estimates from the International Energy Agency and others suggest that annual investment in a low-carbon energy system to mid-century will need to average USD2-3 trillion, with two thirds of that comprising […]

INNOPATHS: Building a shared vision for the EU energy transition

What are the major challenges that emission intensive sectors face in order to transition towards decarbonization? What technical and organizational innovations can they rely on? What are the key actors involved in the decarbonization process? Who is set to lose, and who is set to benefit, from this major restructuring of EU economies? Such questions, […]

Uncertain Innovation – Guiding Public R&D Investment Decisions for the Low-Carbon Transformation

How to integrate uncertainty into public energy R&D investment decisions, and what comes out of it?  On 9th May 2017, Prof. Erin Baker (at UMass Amherst), Prof. Valentina Bosetti (at Bocconi University) and I published an article in Nature Energy entitled ‘Integrating uncertainty into public energy research and development decisions’. In this paper, we analyzed […]