Senior Environmental Markets Correspondent
Gerard's Feed
May 25, 2012

Higher CO2 price has limited benefits: Gerard Wynn

LONDON, May 25 (Reuters) – Limited reform of EU emissions
trading may not achieve much in CO2 cuts as the falling
competitiveness of cleaner technologies is driven more by
plunging coal than carbon prices.

The financial crisis has slashed carbon prices to record
lows by creating a glut of emissions permits.

May 25, 2012

Why “project bonds” are a good idea: Gerard Wynn

LONDON (Reuters) – European Union backing for extra infrastructure finance may sound like a deliberate distraction from deadlock over much bigger euro bonds, but in fact it is a great idea – the trouble is the tiny sums involved and lack of detail.

The “project bonds” idea stems from a two-year-old, European Commission and European Investment Bank (EIB) plan to drive capital market investment in infrastructure.

May 22, 2012

Britain ends liberalised power prices: Gerard Wynn

LONDON, May 22 (Reuters) – Britain has ended liberalised
power market pricing, in a broad strategy announcement that
poses questions over how qualified government ministers are to
choose between energy technologies and to set prices.

Wholesale power and carbon markets have failed to find a
clearing price for low-carbon power generation, recalling a
comment by British economist Nick Stern in 2006 that climate
change was the “greatest and widest-ranging market failure ever
seen”.

May 18, 2012

Rising costs argue against new nuclear: Gerard Wynn

LONDON, May 18 (Reuters) – The costs of nuclear power are
rising in developed countries, where fossil fuel and renewable
energy prices are stable or falling, suggesting present
proposals for a major programme of new investment are
ill-advised.

Overall, the picture is one of uncertainty about nuclear
costs, but a clear upward trajectory is evident in developed
countries, urging a re-think on construction plans in Britain,
the United States, France, Canada, Finland and Poland.

May 16, 2012

When is support not a subsidy? UK nuclear: Gerard Wynn

LONDON, May 16 (Reuters) – A British government argument
that its planned support for new nuclear power stops short of a
subsidy, to satisfy EU regulators and a coalition pledge, only
adds to the sense of a policy in trouble.

The planned UK nuclear build programme would be the biggest
in the developed world, but is under threat after the exit of
two backers.

May 15, 2012

UK’s cheapest new power source? A cable: Gerard Wynn

LONDON, May 15 (Reuters) – Laying more cables to Europe will
be an important complement to new power plants as Britain
navigates the cheapest route to replace ageing generation assets
and makes difficult choices between gas, wind or nuclear power.

The usefulness of more cross-border interconnectors applies
equally to other European Union countries with high wholesale
power prices, notably Italy.

May 10, 2012

More fat to trim on upstream solar: Gerard Wynn

LONDON, May 10 (Reuters) – Upstream solar companies are
finally cutting prices under pressure from their customers’
fight for survival, with profit margins showing more fat to trim
and potential relief to the struggling sector.

Margins are falling at top producers, but still have a long
way to go when compared with the downstream end, in a gradual
re-balancing across the value chain.

May 9, 2012

European power prices must rise: Gerard Wynn

LONDON, May 9 (Reuters) – European consumer electricity
bills will have to rise over the next decade.

Current wholesale prices are not sufficient to cover the
capital and operating costs of building new gas, nuclear or
renewable energy to replace the looming closure of a raft of
coal and nuclear power plants.

May 4, 2012

Efficiency can’t replace nuclear power: Gerard Wynn

LONDON, May 4 (Reuters) – Germany plans to phase out nuclear
power and Japan may follow, but history shows that neither can
make up the energy supply gap with efficiency alone.

That will push them towards fossil fuels, putting climate
goals further under stress, illustrating that the world may not
be able to avoid low-carbon nuclear.

May 3, 2012

Peak oil move over – now solve CO2: Gerard Wynn

LONDON, May 3 (Reuters) – Trends in global economic growth
and rising CO2 emissions rule out optimism that climate targets
can be met, even while the world gets to grip with energy
security.

The continuing financial crisis and record high oil prices
in 2008 haven’t driven a low-carbon revolution which green
lobbyists and agencies including the United Nations urged three
years ago.

    • About Gerard

      "Based in London, for four years I have helped coordinate Reuters global coverage of green business and environmental markets. I focus on policies and investment related to renewable energy, carbon markets, energy efficiency and emerging clean technologies including electric cars. I also cover UN climate negotiations, biodiversity, land use and climate science. Previously I covered distressed M&A and credit markets on the corporate finance desk."
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