Wait, did the IEA just forecast peak gas generation in the US?
They show all supply growth will come from renewables, which grow so fast they even push out gas and coal. Sure looks like peak fossil power. #energysky

As the IEA points out, if one would levelize the fees, the case for switching to a heat pump becomes radically more attractive.

Which incentivizes switching away from inefficient gas heating and hence exposure to the volatile gas market. Seems like a no-brainer to me...

A good reminder again in the latest IEA Electricity report that high household electricity prices in Europe are to a large extent a CHOICE.

Taxes and levies on gas per unit of energy is much lower. I would argue we'd at least have to level the playing field... #energysky

You may be familiar with those charts that show how the IEA underestimated solar and EV uptake and keep correcting outlooks upwards — this is the flip side: consistent overestimation and downward corrections of fossil fuel forecasts, emissions, and CCS required to get to net-zero. #energysky

I feel the fact that cleantech is a great tool against inflation has been largely overlooked the past two years.

Lots of talk about how green deal spending on deploying more cleantech may or may not have added to inflation; little to how it steels the economy against future inflation… #energysky

New report out today: "Inside the Race to the Top" — where we look at cleantech competition at the local level in Europe, the US, and China.

Change is accelerating; increasingly powered from the bottom up.

link: rmi.org/insight/insi...
#energysky

China's rise becomes even more striking when looking under the hood of the Europe and US averages: China overtook not just the other blocs' averages; it bypassed effectively all countries/states *within* Europe and the US as well.

This chart is, to me, still one of the clearest signs that oil demand is about to fall — and oil companies know it. While publicly projecting rising demand, their books show a radical shift from investing in new assets to investing in propping up share prices to keep up appearances. #energysky

Today’s fossil energy system is incredibly inefficient: two-thirds of all primary energy is wasted in energy production, transport, and use, before producing any benefit. That means $4.6 trillion per year, almost 5% of global GDP, goes up in smoke due to fossil inefficiency. Literally.