"Handelsblatt reports on OPEC's meeting in Vienna about the effects of market changes on oil companies and their shareholders. Aurora CEO John Feddersen comments: "A manageable increase in production should hardly affect the profits of Shell, BP and Total. Only if the increase of 1.5 million barrels planned by Russia happens will we experience a massive drop in prices."
Dutch climate targets to radically transform power system
"Ambitious climate targets will radically transform the Dutch power system. Commenting in Platts European Power Daily (Paywall), Benjamin Merle, Aurora’s project leader for renewables in Europe, said: “A unilateral carbon price floor in a highly interconnected power system can have undesirable effects on emission spill-overs as well as value shifts to neighbours, driving up abatement costs and risking acceptance by consumers and power producers. "
From fuel to plastics – how oil and gas multinationals are changing their business models
"Oil and gas companies will turn into gas and chemistry companies”, says John Feddersen, CEO of Aurora Energy Research, commenting on a slow but major shift in the oil and gas industry: with increasing electrification of heating and transport and a worldwide shift of public opinion towards green energy, classical oil companies are starting to focus on plastics as the key driver for growth in their industry."
Subsidy-free renewables need policy changes, report claims
"Germany’s minister for the economy and energy Peter Altmaier believes renewables will become "fully competitive" with fossil fuels and even subsidy-free by 2023. But Aurora Energy Research argues that this is questionable under the current market design. The analysts, however, suggested that policy changes such as implementing a carbon price floor or improving power purchase agreement (PPA) structures could increase competitiveness for renewables."
Ambitious decarbonisation targets will radically transform Dutch power system by 2040
"The Dutch Government's proposed carbon price floor (CPF) would add a top-up to the Europe wide carbon price, to trigger the desired switch from dirty coal to cleaner gas. However, a CPF for the Dutch market without a mandated coal exit is not sufficient to significantly close coal plants, according to Aurora. Benjamin Merle, Aurora's project leader for renewables in Europe, says: "A multilateral CPF across Northwest Europe in comparison to a national approach could significantly reduce the share of spill-overs to 52% and favour Dutch power plants, while reducing coal-fired generation in Germany. This would bring more environmental and costs benefits to consumers and businesses in both the Netherlands and neighbouring countries in Europe"."