Author: Khushboo Goyal

ADB’s Green and Blue Bonds Framework

ADB’s Green and Blue Bonds Framework

September 18, 2021 |

The green and blue bond program enables the Asian Development Bank (ADB) to support its developing member countries seeking to deliver environmentally sustainable growth to help reduce poverty and improve the quality of life of their people. Both green bonds and blue bonds would include investments such as construction of new assets, as well as maintenance, enhancement, improvement or repair of existing assets. Green bond- and blue bond-eligible projects would exclude lending to financial intermediaries.

Read More
How AI’s full power can accelerate the fight against climate change

How AI’s full power can accelerate the fight against climate change

September 17, 2021 |

AI has the potential to become the ‘Swiss Army knife’ in our fight against climate change. AI can measure and reduce emissions at scale for any given institution; enable innovative business models to help the climate; improve resilience of societies to climate hazards. It is down to global business leaders to effectively leverage AI’s strengths and utilise them to tackle the most complex challenges obstructing the reduction of emissions at scale.

Read More
The Case for Fuel Cell Technology in the UK

The Case for Fuel Cell Technology in the UK

September 16, 2021 | ,

A new report “Fuel cells: The forgotten force in the fight against climate change” by the UK Hydrogen and Fuel Cell Association (UK HFCA) highlights the role that fuel cell technology can play in delivering the UK Government’s clean growth ambitions. Labeling them a “forgotten force”, the paper details how fuel cells can help deliver the Prime Minister’s 10-point plan for a green industrial revolution and outlines the opportunity that exists for the UK to lead the world in the development of fuel cell technology.

Read More
Realizing the Potential of Customer Sited Solar

Realizing the Potential of Customer Sited Solar

September 16, 2021 | ,

Customer-sited solar is a significant opportunity, which will materialize in the coming decades and bring change to energy markets and power network operations. There have been limited studies at a global level to examine the impact of different policies on the economics, and therefore the uptake, of customer-sited solar. This report by BloombergNEF and Schneider Electric seeks to address this gap, and presents new economic analysis based on use cases in key solar markets, California, New Jersey, Australia, Spain and France.

Read More
House Proposes Strong Clean Electricity Performance Program

House Proposes Strong Clean Electricity Performance Program

September 16, 2021 |

The ambitious Clean Electricity Performance Program (CEPP) will drive investment that reduces emissions, creates jobs and grows the economy. The Congress and the President now need to ensure it remains strong through final passage to deliver a transformed power sector. The Clean Electricity Performance Program is designed to help support and accelerate this broad shift, by making a $150 billion public investment over the coming decade in power companies that meet annual targets for expanding clean electricity.

Read More
Non-Hydro Renewables Set to Outperform In Brazil’s Power Sector

Non-Hydro Renewables Set to Outperform In Brazil’s Power Sector

September 16, 2021 |

Brazil’s non-hydro renewables sector remains in a prime position for significant wind and solar power growth from projects being developed through private power purchase agreement (PPA) deals as well as through power auctions. For example, in August 2021, Brazilian meatpacker BRF signed a 15-year PPA for the development of a 160MW wind power farm with developer AES Brasil Energia. Additionally, the Brazilian government awarded 873MW in non-hydropower renewables capacity through the country’s A-3 and A-4 power auctions that concluded in July 2021.

Read More
Four New Trends in EV Charging Software and Platforms

Four New Trends in EV Charging Software and Platforms

September 15, 2021 |

Electric vehicle infrastructure is a topic that is constantly in the news, and as the industry continues to rapidly evolve, utilities and charging network operators need to be prepared for the future of electric vehicle supply equipment (EVSE) software and platforms. Kimley-Horn’s Ryan Gram, P.E., recently moderated a REGlobal webinar on the future of EV Charging Software and Platforms. Read on to learn the trends to watch, tips to bring value to your customers and maximize efficiency, and predictions for what’s ahead.

Read More
Sustainability-Linked Debt Highlights H1 2021

Sustainability-Linked Debt Highlights H1 2021

September 15, 2021 | ,

Total volumes for labelled Green, Social and Sustainability (GSS) bonds, Sustainability-linked bonds (SLB) and Transition bonds reached nearly half a trillion (USD496.1bn) in the first half of 2021. This amount represents 59% year-on-year growth in the GSS market from the equivalent period in 2020. It also sets the labelled sustainable debt market on track to reach another record high by end December.

Read More
Finessing India’s Power Market Design to be More Competitive

Finessing India’s Power Market Design to be More Competitive

September 14, 2021 | ,

A new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA) looks at the benefits and potential roadblocks to implementation of these key reforms and argues that they are important steps towards transforming India’s power sector into a low-emissions, low-cost and profitable part of the economy. The note also discusses the second progressive market development: the Central Electricity Regulatory Commission’s (CERC) draft regulations for procurement, deployment and payment of ancillary services to maintain the grid frequency at 50 Hertz.

Read More
California Fuel Cell and Hydrogen Station Development 2021

California Fuel Cell and Hydrogen Station Development 2021

September 14, 2021 | ,

California Air Resources Board (CARB) annually completes an analysis of the current progress and projected future development of California’s hydrogen fueling station network and deploying fuel cell electric vehicles (FCEVs). CARB completes these annual analyses based on information provided by auto manufacturers, station developers, and collaborating state agencies. Analyses characterize the past year of progress and identify opportunities for future hydrogen fueling network development.

Read More
Carbon Capture and Storage under Australia’s Emissions Reduction Fund

Carbon Capture and Storage under Australia’s Emissions Reduction Fund

September 14, 2021 | ,

In 2020 the Australian Government’s Low Emissions Technology Statement identified carbon capture and storage (CCS) as one of several priority low emissions technologies. At the request of the government and against the backdrop of emerging projects, the Clean Energy Regulatory began developing a CCS method (or methodology) under the Emissions Reduction Fund. Inclusion under the ERF would allow CCS projects to generate Australian Carbon Credit Units (ACCUs) and thereby generate income.

Read More
UAE’s Power Sector: Transitioning to a clean and smart grid

UAE’s Power Sector: Transitioning to a clean and smart grid

September 14, 2021 |

United Arab Emirates’ (UAE) power production has long been driven by hydrocarbons. However, in recent years, the country has been focusing on clean power in a bid to cater to its ever-growing power demand and to save costs associated with it. These goals are clearly reflected in the UAE’s Energy Plan for 2050, which was announced in 2017. The Energy Plan envisages the production of 44 per cent of power from renewables, 6 per cent from nuclear, 12 per cent from clean coal and the rest from natural gas by 2050.

Read More
European Governance of the Energy Transition

European Governance of the Energy Transition

September 13, 2021 | ,

The study carried out by the Enel Foundation and The European House – Ambrosetti in collaboration with Enel analyzes the European Union and Italy’s delay in achieving the decarbonization goals by 2030, also in light of the new “Fit for 55” policy package. It assesses the current weaknesses in the governance systems in Italy and rest of Europe that limit energy transition and defines the investments needed to bridge the gap.

Read More
Catalyzing Investment for Energy Access: Ethiopia

Catalyzing Investment for Energy Access: Ethiopia

September 13, 2021 | ,

The research project “Catalyzing investment for energy access: Making the case for change” was conducted by Power for All and supported by Energise Africa’s scale up funding from P4G. The report examines Ethiopia’s access to electricity challenge, benchmarking the country’s power sector to six regional peers: Democratic Republic of the Congo, Kenya, Nigeria, Rwanda, Tanzania and Zimbabwe.

Read More
CSI Solar secures a 1.4 GWh battery storage system in California

CSI Solar secures a 1.4 GWh battery storage system in California

September 13, 2021 |

Canadian Solar’s majority-owned subsidiary, CSI Solar Co., has got a contract to supply a 350 MW/1,400 MWh fully integrated battery storage system to the Crimson stand-alone battery storage project in Riverside County, California. CSI will also provide EPC and long-term maintenance services as part of the contract.

Read More
Complete rethink of U.S. electricity transmission is needed to manage climate change: Niskanen Center

Complete rethink of U.S. electricity transmission is needed to manage climate change: Niskanen Center

September 11, 2021 |

Most analyses find that to manage climate change, the United States will need to double or triple the size of its electric transmission system to move low-cost wind and solar energy around the nation and back it up with always-on power plants. But a newly released report from Clean Air Task Force and the Niskanen Center finds that the current piecemeal, project-by-project approach to expanding U.S. electricity transmission won’t get us there. It instead calls for a new system to rapidly scale capacity — including by potentially establishing a National Transmission Organization that would plan, site, and fund a national grid to ensure that burdens and benefits are fairly shared.

Read More
Europe leads global offshore wind market: GWEC

Europe leads global offshore wind market: GWEC

September 11, 2021 |

Europe retains its status as the largest regional offshore wind market as of the end of 2020, but new installations outside Europe, predominantly in Asia, already surpassed Europe last year for the first time. This situation is likely to remain through to 2030, although annual installations in Europe may pass the milestone of 10 GW in 2026. In the near term (2021-2023), the majority of growth outside Europe will come from Asia – primarily China, Taiwan and Vietnam, with contributions from the US. Japan and South Korea will grow in importance from 2024 onward.

Read More
How businesses need to navigate environmental incentives and penalties

How businesses need to navigate environmental incentives and penalties

September 10, 2021 |

With environmental issues high on the global agenda, governments are directly targeting businesses in their drive to sustainability. Incentives and penalties are being introduced on a regional and domestic basis, creating a challenging landscape with which businesses must contend. The tax and finance function can play a major strategic role to the broader business by helping reduce risk and make the most of opportunity.

Read More