Paul Drummond

⚡️ The green power pool is a potential solution to the energy crisis. We recently spoke to @UCL_ISR’s @PDrummy to find out how this could work. 🎧 Listen to the podcast here and read the new @AldersgateGrp report below for more 👉 bit.ly/3Fos5wc

Listen to me spouting throughts on how a Green Power Pool may be designed and implemented on the latest @GreenAllianceUK podcast! @UCL_ISR

Electric cars are at a tipping point in terms of uptake and commercial viability, but much depends on purchase price subsidies and having the materials to make better batteries. UCL_ISR's @PDrummy explains more on @dwnews. Watch the video ➡️ ow.ly/MWFm50KLHh4 #emissions

Very happy to announce the advance publication of our review on "Carbon Leakage, Consumption, and Trade" #article-denial" target="_blank" rel="nofollow noopener">annualreviews.org/doi/pdf/10.114… @MichaelGrubb9 @UCL_ISR @KarstenNeuhoff @GRI_LSE @DirkMessner @MatPaterson @BleischwitzR @constructionlca @mattwinning @PDrummy @watsonjim2

UCL_ISR have collaborated with Aldersgate Group and INET to urge timely reform of energy markets and the creation of a 'Green Power pool'. Read about the first two working papers in the series ➡️ tinyurl.com/4un5wmc5 #energycrisis @AldersgateGrp @INETOXford @MichaelGrubb9

Good to see our research on energy crisis featured in #BBCPanorama. 🔦For analysis on huge electricity price hikes way above average generation costs - why & what to do - see our European Energy Crisis report. ineteconomics.org/perspectives/b… @INETeconomics More to come from @UCL_ISR

💡 Job alert: UCL's Professor @MichaelGrubb9 and @PDrummy are looking for 1x Research Assistant and 1x Teaching Assistant, with interest in planetary economics, sustainable development and the political economy of climate change. Read the attachments for all the info!

Come work on the fast-moving area of electricity market re-design @UCL_ISR, focusing on 'dual markets' and a 'Green Power Pool', with me and @MichaelGrubb9! Applications close on 23rd August. tinyurl.com/mr94zxrx

How ineffective and incredibly counterproductive.

NEW The UK government's Net-Zero Strategy breached the Climate Change Act, the High Court has ruled I've read the full 59-page judgement so you don't have to, as well as speaking with several lawyers THREAD on the ruling & what it means (TL;DR new strategy by Mar 2023) 1/

@KemiBadenoch says "cutting emissions shouldn't damage our economy" - a frustratingly outdated view, flying in the face of evidence, including the key drivers of the current energy crisis. Scary stuff.

NEW The record-low price for UK offshore wind in this week's CfD auction is four times cheaper than running existing gas plants The biggest ever auction secured enough capacity to meet 13% of UK demand & is expected to save consumers £bns My summary: carbonbrief.org/analysis-recor…

@Will_McDowall …and lower than even onshore wind!

Quite something that offshore wind costs in the latest CfD round has fallen lower than onshore wind - an inversion very few would have predicted just a few years ago: reuters.com/business/energ…

The UK has awarded contracts to #offshore wind companies at a record-low price ➡ #xj4y7vzkg" target="_blank" rel="nofollow noopener">bloomberg.com/news/articles/… What policies and innovations are behind this success? Find out in this @EeistP case study @PDrummy ➡ eeist.co.uk/download/667/.

Offshore wind getting contracts that are cheaper than onshore wind. Wind and solar all massively below current wholesale prices. Floating wind and tidal stream starting to deliver. All things various experts insisted were practically impossible only a few years ago. All happening

The IEA has raised its forecast for wind and solar growth (again) Its latest sees wind + solar growth of 278GW this year, 16% higher than the May 2021 forecast Moreover, growth will have effectively doubled in 5yrs from ~150GW/yr to ~300GW/yr 1/ iea.org/reports/renewa…

@EnergyNumbers @JonathanWaxman1 @HannahEDaly Congratulations @HannahEDaly!

A nice windy Saturday morning!