The world energy crisis 2022
The energy crises of the 1970s did not prompt a major shift in Europe from foreign oil and gas towards energy efficiency and renewables. Will we learn this time around, wonders Dr Marc O Riain
The energy crises of the 1970s did not prompt a major shift in Europe from foreign oil and gas towards energy efficiency and renewables. Will we learn this time around, wonders Dr Marc O Riain
The UK and Ireland’s oil heating industry says it has taken a “major step forward” in the use of biofuels in domestic oil boilers, with early tests concluding that hydrotreated vegetable oil (HVO) works in virtually all existing oil boilers.
Ahead of the Built Environment Summit (28-29 October) and COP26 (1-12 November), the Royal Institute of British Architects (RIBA) and Architects Declare have published a report demonstrating the critical role the sector must play in reducing greenhouse gas emissions.
Innovations in low energy building were spurred in the 20th century by oil crises, but the political impetus for meaningful change receded once the crises ended, explains Dr Marc Ó Riain, bringing an attendant failure to set meaningful building regulations.
In recent years it’s become increasingly accepted that the age of cheap and abundant oil and gas supplies is coming to an end, and that future energy needs will have to be met from cleaner, more widely available fuel sources. According to Richard Douthwaite, the prospects of exponentially rising costs and failure to ramp up carbon capture and storage will mitigate against coal’s ability to take up the slack
Whilst the recent falls in oil prices may appear to be a welcome relief in difficult economic times, they may ultimately prove to do more damage than good. As falling oil prices today cause oil companies to invest less in new production to meet future demand, prices will increase once more.
The notion that curbing CO2 emissions would damage economic growth has been used as an excuse from developed countries such as the USA not to switch from fossil fuels to renewable energy. However, as Richard Douthwaite reveals, the people of Austrian town Güssing are discovering firsthand that this couldn’t be further from the truth.