Even beyond the current crisis, fossil gas will be significantly more expensive in Germany than in previous years. Germany will face additional costs of €120–200 billion by the end of the decade.Germany should fully exploit the savings potential in its building sector. Germany needs a “renewable heat program” to make full use of the huge savings potential in its building sector.
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As the U.S. renewable energy economy expands, intentional commitments for equitable economic and workforce development will be critical to achieving the nation’s just transition objectives and building a diverse domestic manufacturing supply chain. Recognizing clean energy manufacturing as a significant opportunity for U.S. economic growth, the federal government and states are undertaking actions to help onshore manufacturing and develop more robust domestic renewable energy and battery storage supply chains.
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This report has been prepared by the Climate Bonds Initiative and supported by the Oak Foundation. It presents the results of an examination of published sustainability and transition plans of several entities operating in the hard-to-abate sectors in ASEAN to assess the current state of transition planning and provide recommendations for next steps.
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By end 2021, the world had installed 940 GW of operational solar energy. Over the past few years, while countries such as China and the US have maintained their leadership positions in the solar market, others such as India and Spain are increasingly becoming competitive. This article identifies the frontrunners in global solar deployment, the key drivers of growth and the outlook for the sector.
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Module mounting structures have an important part to play in the functioning of a solar power plant. They are the supporting structures that hold solar panels to the ground. In order to harness solar power efficiently, mounting structures need to be manufactured and installed at sites in a specific way. However, the quality of mounting structures is often compromised to cut costs.
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The Union Cabinet of the Indian government has approved National Green Hydrogen Mission on January 4, 2023. The mission has an initial budget outlay for Rs.197,440 million. This comprises of an outlay of Rs.174,990 million for the Strategic Interventions for Green Hydrogen Transition Programme (SIGHT) programme, Rs.14,660 million for pilot projects, Rs.400 million for R&D, and Rs. 388 million towards other components.
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The UK Financial Conduct Authority (FCA) is consulting on new rules to clamp down on ‘greenwashing’ by increasing the transparency around the sustainability credentials of investment products. The proposed rules are contained in its Consultation Paper on Sustainability Disclosure Requirements (SDR) and investment labels, which set out a specific labelling and disclosure regime that builds upon its November 2021 Discussion Paper on this topic.
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Battery storage is a particularly difficult technology to assess with a BCA, for several reasons. This report presents a BCA framework for battery storage and attempts to address many of the uncertainties state energy agencies may encounter. The report is based on best practices gleaned from numerous BCAs undertaken by early adopter states, as well as related literature about how to value battery services.
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This publication presents statistics for the decade 2012-2021 in trilingual tables, covering off-grid power capacity, biogas production and numbers of people using off-grid power and biogas for cooking and lighting. Off-grid renewable power can come from a variety of sources, ranging from large isolated power grids to solar lights and solar home systems.
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On December 19th, New York State finalized an ambitious and comprehensive “Scoping Plan” (weighing in at 445 pages) to implement the Climate Leadership and Community Protection Act (CLCPA)—the groundbreaking climate and equity legislation enacted in 2019 with leadership and extensive engagement from a diverse set of stakeholders across the environmental justice, labor, clean energy, business and environmental communities, and support from NRDC and many others.
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Currently, most EVCSs operate on traditional grids. However, such uncoordinated charging with sudden peaks and troughs in demand can potentially cause fluctuations, leading to outages and deterioration of the grid. Hence, in the upcoming years, the growth of EVCS will be accompanied by the growth of smart grids and captive sources of power. It makes more business sense for an EVCS to have captive capacity, as this reduces the operational overheads related to power procurement.
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The power transmission and distribution (T&D) segment has a vital role to play in supporting this objective as electricity networks need to be overhauled to strengthen Japan’s ageing power grid so they can evacuate large-scale renewables while maintaining grid stability and resilience. Towards this end, the 10 general power T&D companies in Japan comprising the Grid Council have formulated a plan titled “Toward Carbon Neutrality by 2050 – Roadmap to the Next Generation of Power Networks”.
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The “Africa’s Extraordinary Green Hydrogen Potential” report represents the first detailed research of the feasible development of green hydrogen across the continent. The new study combines analysis of investment opportunities focusing on three hubs: Mauritania – Morocco, southern Africa and Egypt with a roadmap of technical, economic, environmental and financial solutions to unlock commercial development.
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Cumulative green bond issuance in Japan is USD37.3bn (JPY4.39 tn), 11th in global country rankings. Green bond issuance in 2021 amounted to USD11.40bn, 5th in 2021 country rankings. In addition to green bonds, Japan’s social and sustainability themed market is showing general trends in growth, with expectations for further increase in the issuance of sustainability-linked bonds especially high.
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With an aim to support the country’s decarbonisation plans, Chile has enacted a new Law 21505 to promote electrical energy storage and electromobility. It is based on the Proyecto de Ley Sobre Promoción del Almacenamiento y La Electromovilidad or the Electricity Storage and Electromobility Promotion Bill, which received approval from the Senate in October 2022 and has recently been enacted into law.
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The EEG 2023 support scheme, with an overall budget of €28 billion, aims at achieving a share of 80% of electricity produced from renewable energy sources by 2030, with a view to achieving climate neutrality by 2045. Under the scheme, the aid will generally take the form of a market premium paid by the network operator to the producer on top of the market price for the electricity. However, in the case of very small installations, the aid will take the form of feed-in tariffs. Germany also notified an increase of expansion targets for installed capacity of offshore wind energy installations.
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After two centuries of growth, 2022 was the turning point for the fossil fuel system as we forecast in our analysis in March and reiterated at the end of the year. Putin’s War led to spiking fossil fuel prices and major new policy moves as the result of the security crisis. This led to a surge in supply of renewable energy, a major increase in efficiency, and a new focus on building renewable supply chains. Fossil fuel demand has therefore peaked, squeezed between efficiency and the growth of renewables. Here we look back at how the energy system changed over the past year.
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India’s close friend and ally, Japan, first put hydrogen on the G20 agenda during its presidency in 2019. With India taking over the G20 presidency on December 1, 2022, it must seize the opportunity to propel the green hydrogen discussion to new heights. The years till 2030 are critical for green hydrogen’s development trajectory. India, with its green hydrogen leadership ambitions, can influence the pace and direction of the hydrogen agenda during its G20 presidency.
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The UK government has increased its offshore wind capacity ambitions from 11 gigawatts (GW) of current total installed capacity to 50 GW to be installed over the next eight years. The offshore wind industry shares critical supply chains with the offshore oil and gas sector. Both rely on a limited pool of available ports, vessels and personnel. Stimulating both sectors at the same time will spur competition over scarce resources, driving up costs—which will affect the lower-margin offshore wind sector more severely than the oil and gas sector.
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The US Department of Energy and several other agencies in the federal government offer a wide range of technical assistance programs and opportunities, many of which states can take advantage of. While these programs can be tremendously helpful, information about them is spread across many pages on many different US government and national laboratory websites. This makes it difficult for states to find critical information regarding eligibility, funding, and deadlines.
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