This report was produced by Climate Policy Initiative and the Global Center on Adaptation. It identifies the key actors providing adaptation financing in Africa, the instruments used to finance adaptation projects and programs, the sectors of adaptation, key barriers to finance, and case studies of successful projects.
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This report by RMI titled “Decarbonizing Homes: Improving Health in Low-Income Communities through Beneficial Electrification”, presents a holistic approach to electrifying housing in low-income communities. This approach will lower housing cost burdens, improve housing quality to create a safe and healthful indoor environment, reduce climate pollution, and enable buildings to more easily manage electricity demand.
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This is Council of European Energy Regulators’ (CEER) Second Paper on Unsupported Renewable Energy Systems (RES). It presents an updated assessment of the status quo of formally supported RES installation in Europe. A first CEER paper (C19-RES-64-04a) on the topic was published in May 2020.
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In the same way with the 2019 report, the analysis is based on cost information obtained from solar PV power plant operators on investment and operation and maintenance costs and looks again at the current cost structure of solar PV in order to analyze the current status of solar PV generation costs in Japan.
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It forecasts that average U.S. household expenditures for all major home heating fuels will increase significantly this winter primarily because of higher expected fuel costs as well as more consumption of energy due to a colder winter. Average increases vary by fuel, region, and weather assumptions. It forecasts that planned additions to U.S. wind and solar capacity in 2021 and 2022 will increase electricity generation from those sources.
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Large-scale solar installation will exceed wind power installation in the US for the first time in 2022, predicts the Energy Information Administration (EIA). With government support diminishing for onshore wind power, utility solar capacity installation is expected to dwarf wind with 16GW vs. 6GW. In 2021, the EIA expects new wind installation to narrowly edge solar by 18GW to 16GW. With solar installation accelerating, the US passed 100GW of total installed capacity in the first quarter of this year.
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Since its first report on Renewable Energy and Jobs, published in 2013, International Renewable Energy Agency (IRENA) has carried out an annual update to its assessment of renewable energy employment worldwide. This most recent report estimates that about 12 million people were employed in the sector, directly and indirectly, in 2020.
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Given that many energy companies in the Southeast Asia operate as integrated companies – be it across the oil and gas value chain or as national utilities covering generation, transmission and distribution and retail – they are most likely to find a strategic fit as Energy Majors. Within the region, Petronas was the first oil giant to commit to reaching a net-zero carbon footprint by 2050. Others have followed suit by aspiring to reduce their greenhouse gas (GHG) emissions with varying levels of commitments.
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Building 22 new transmission lines and operating them for the next 50 years could lead to total emissions reductions of about 6.4 billion tons of carbon dioxide, which is roughly equal to the total yearly amount of greenhouse gas emissions for the entire U.S. In other words, building just key transmission projects would enable a massive cut in greenhouse gas emissions. To paraphrase President Biden, that’s a very big deal.
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In April, the International Renewable Energy Agency (IRENA) reported that renewable energy’s share of new generating capacity rose substantially for the second year in a row. China, which has emerged as the indisputable leader of renewable energy expansion worldwide, has begun to reorient its overseas energy investment and finance towards non-fossil fuels projects. This shift could portend a larger role for China in the MENA region’s growing renewables sector, especially in solar power production.
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Carbon Capture has announced a $35 million Series A fundraising round. The company is a climate-tech firm that creates machines to capture carbon dioxide from the environment. With this new round of fundraising, the company now has over $43 million in total equity funding.
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Under Category A, ACWA Power and Alfanar company have been shortlisted for the 80 MW Layla project while TOTAL solar INTL and ACWA Power have been shortlisted for the 120 MW Wadi Al Dawasir solar project. Meanwhile, under Category B, Jinko Power and Abu Dhabhi Future Energy Company have been shortlisted for the 300 MW Saad project and ACWA Power and Jinko Power have been shortlisted for the 700 MW Ar Rass projects.
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The Bangladesh-China Renewable Energy Company Limited (BCRECL) has floated an EPC tender for setting up a 60 MW solar power plant. This is a joint venture company of Bangladesh’s state run North-West Power Generation Company Ltd (NWPGCL) and the China National Machinery Import and Export Corporation (CMC). The said 60 MW project is part of a larger project to generate 450 MW electricity from renewables in Sujanagar, Pabna, in the northwest of Bangladesh.
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Having started its business from the upstream side of the solar value chain, JinkoSolar now produces wafers and cells as well. We are committed to expanding the boundaries of our PV knowledge through research and development, and actively catalysing the commercialisation of cutting-edge solar technology. Our introduction of various solar technologies in the past financial year is evidence of our dedication to innovation.
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Offshore wind holds tremendous promise for many emerging markets as a large-scale, clean, reliable form of new electricity generation with the potential to stimulate valuable economic benefits. However, developing a new offshore wind sector in an emerging market is no easy task. Decision makers must strike a careful balance as they consider a range of technical, political, environmental, and social challenges.
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According to the presentation, the key priority areas are: a) Low cost, clean hydrogen; b) Low cost, efficient, safe hydrogen, delivery and storage; c) Enable end use applications at scale for impact. The future strategy and related next steps are to accelerate R&D to reduce cost, de-risk demonstration and enable deployments and strategic scale up.
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A landmark Net Zero Strategy setting out how the UK will secure 440,000 well-paid jobs and unlock £90 billion in investment in 2030 on its path to ending its contribution to climate change by 2050 has been unveiled by the UK government on October 19, 2021. Building on the Prime Minister’s 10 Point Plan, the UK Net Zero Strategy sets out a comprehensive economy-wide plan for how British businesses and consumers will be supported in making the transition to clean energy and green technology.
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The additional public investment need required to meet the European Union’s climate goals is between 0.5 percent and 1 percent of GDP annually during this decade. Increasing green public investment while consolidating deficits will be a major challenge. While simulations show that budget consolidation can be done at a moderate pace in line with EU rules if those rules are interpreted flexibly, past consolidation episodes resulted in major public investment cuts.
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It explores four combinations of peaking and net-zero-year scenarios for India (2030–2050, 2030–2060, 2040–2070, and 2050–2080) and analyses how a combination of possible technological developments like carbon capture, utilisation and storage (CCUS) and hydrogen production would affect the transition within each of the policy scenarios.
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At the United Nations General Assembly in September 2020, China’s president announced that the country aims to have CO2 emissions peak before 2030 and to achieve carbon neutrality before 2060. This represents a significant stepping- up of the country’s climate ambitions. Previously, China’s nationally determined contribution (NDC) under the 2015 Paris Agreement aimed to achieve a peak in CO2 emissions by “around 2030 and making best efforts to peak early” but did not set a long-term target or goal.
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