Tag: carbon neutral

CO2-Neutral European Energy System: Report

CO2-Neutral European Energy System: Report

August 11, 2023 | ,

Deep decarbonisation of EU industry is possible without de-industrialisation. This study analyses two main mitigation pathways – the electrification and the hydrogen pathway, and assesses their potential impacts on the energy system. The study applies an EU-wide energy system model together with a dedicated industry sector simulation model to capture both the energy system effects and the industry-specific potentials and limitations for transition.

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CCS Ladder for Europe: Briefing

CCS Ladder for Europe: Briefing

July 13, 2023 | ,

The carbon capture debate lacks nuance, with CCS often perceived as a single technology with clear supporters and opponents. In reality, some CCS applications can contribute to a shift towards a climate-neutral economy while other applications have a higher risk of delaying real progress. In this context, there is a need to identify where CCS may deliver the greatest climate value via a merit order of CCS applications to help determine where to target policy support.

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Electric Bus Performance Monitoring in Mexico: Report

Electric Bus Performance Monitoring in Mexico: Report

February 8, 2023 | ,

This report “Analysis of Electric Bus Performance Monitoring in Mexico City” analyzes the performance and energy consumption of an electric articulated bus over a 10-month period in Mexico City. Making use of telematics equipment, the daily operation of the bus was monitored to evaluate the operational performance of the vehicle.

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Japan’s Energy Strategy for Hydrogen and Ammonia: Briefing

Japan’s Energy Strategy for Hydrogen and Ammonia: Briefing

August 16, 2022 | ,

The Japanese government has set ambitious goals for a carbon-neutral future to enhance its energy security. It plans to establish a full-scale international hydrogen supply chain to cut the cost of hydrogen by 2030 and to encourage the use of ammonia in thermal power generation as a low-carbon transition fuel. In this briefing, Clifford Chance looks at Japan’s hydrogen strategy and the policy and regulatory initiatives underpinning the development of the sector.

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Carbon Neutrality in EU Energy System: Briefing

Carbon Neutrality in EU Energy System: Briefing

August 10, 2022 | ,

According to a recent European Parliamentary Research Service Cost of Non-Europe (CONE) report, ambitious and united European Union (EU) action in climate and energy policy could be very beneficial, bringing gains of up to 5.6% of gross domestic product (GDP), equal to €1 trillion additional GDP per year in 2050, compared to a continuation of the status quo.

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Making net-zero happen: How China can finance its transition

Making net-zero happen: How China can finance its transition

July 24, 2022 |

To achieve its ambitious carbon peak and carbon neutrality goals, China needs to close an annual funding gap of about RMB1.1 trillion ($170 billion). It can only do so if it manages to develop far more sophisticated green financing schemes. In China, bank lending is the backbone of corporate finance. Due to their risk-averse nature, banks tend to target large state-owned and private enterprises, meaning SMEs (small, medium enterprises) miss out on the funding — despite accounting for 65% of the country’s CO2 emissions.

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Germany’s bold and ambitious 100% renewable power plan

Germany’s bold and ambitious 100% renewable power plan

April 9, 2022 |

The plans, adopted in cabinet, show Germany will reach up to 115 GW of onshore wind by 2030 (over double the amount running at present), 30 GW of offshore wind and 215 GW of solar PV (both four times more than today). Power suppliers will have an obligation to reduce energy bills for consumers after scrapping the levy for renewables on the power price in July. It also means Germany will complete its coal phase out by 2030.  

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Assessing Europe’s Future Flexibility Needs: ENTSO-E releases position paper 

Assessing Europe’s Future Flexibility Needs: ENTSO-E releases position paper 

February 28, 2022 |

Under the Fit-for-55 package, the EU-level target for renewable energy is proposed to be increased to at least 40 per cent by 2030 (from 32 per cent previously) along with introduction of sector-specific measures for increasing its contribution to the final energy demand. This indicates the need for an accelerated renewable energy deployment. For instance, the EU will need 451 GW of wind capacity by 2030 (up from about 180 GW in 2021) and will have to double its planned annual capacity addition in the coming years.

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A Green Olympics: A Test Case for China and Carbon Neutrality

A Green Olympics: A Test Case for China and Carbon Neutrality

February 4, 2022 |

As the winter Olympics kick off this week in Beijing, the games hope to set a new first: being the first carbon-neutral winter Olympics. For China—the second-largest economy and a major carbon emitter—it’s a way to show the millions of people who will be watching the games that it is serious about achieving its ambitious climate goals. The country aims to peak carbon emissions by 2030 and be carbon neutral by 2060.

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Towards Carbon Neutral Steel in Japan

Towards Carbon Neutral Steel in Japan

January 6, 2022 | ,

Industry sectors account for 37% of Japan’s greenhouse gas (GHG) emissions, among which, iron and steel form the largest industrial emitters. Thus, transformation of the upstream steel making process is essential to minimize the carbon footprint of industrial products made in Japan while remaining competitive. 

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Energy Sector Roadmap for Carbon Neutrality in China

Energy Sector Roadmap for Carbon Neutrality in China

October 20, 2021 |

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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Amazon announces its first renewable corporate PPA in Japan

Amazon announces its first renewable corporate PPA in Japan

September 9, 2021 |

Amazon has signed a long-term corporate power purchase agreement (corporate PPA) with Mitsubishi Corporation (MC), marking Amazon’s first use of renewable energy in Japan. This corporate PPA has been facilitated by MC Retail Energy Co., Ltd., under which it will provide electricity to Amazon subsidiary Amazon Web Services (AWS), Inc.’s data centres.

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Equinix pledges carbon neutrality by 2030

Equinix pledges carbon neutrality by 2030

August 17, 2021 |

Equinix, a data centre real estate investment trust, has pledged to be carbon-neutral by 2030. The Redwood City-based firm runs 230 data centres across 26 countries and five continents. That is a significant amount of processing power, which necessitates a significant amount of energy.

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China has a grand carbon neutrality target but where is the plan?

China has a grand carbon neutrality target but where is the plan?

April 19, 2021 |

As the world’s largest greenhouse-gas emitter, China will make or break the global quest for climate neutrality by the middle of the century – the only way to limit the global average temperature increase to 1.5°C. Consequently, President Xi’s announcement in September 2020 of China’s new objective to peak CO2 emissions before 2030 and achieve carbon neutrality by 2060 was broadly welcomed. But President Xi offered no detail on how China could turn this vision into reality, and an examination of China’s current plans shows clearly the goal will not be achieved without major changes.

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Drax completes acquisition of Pinnacle Renewable Energy Inc

Drax completes acquisition of Pinnacle Renewable Energy Inc

April 14, 2021 |

Drax has announced completion of its acquisition of Pinnacle Renewable Energy Inc. – a major producer and supplier of compressed bioenergy pellets. The acquisition will increase Drax’s annual operational capacity to 4.9 million tonnes of sustainable biomass pellets from 2022, at 17 plants in locations across Canada and the US– up from the current 1.6Mt.

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Southern California Gas Company sets bold net zero emissions pledge

Southern California Gas Company sets bold net zero emissions pledge

March 24, 2021 |

The Southern California Gas Company (SoCalGas), the largest gas utility in the US, has announced the company’s bold commitment to achieve net zero greenhouse gas (GHG) emissions in its operations and delivery of energy by 2045. This commitment makes SoCalGas the largest gas distribution utility in North America to set a net zero target including scopes 1, 2, and 3 GHG emissions, which would eliminate not only its own direct emissions, but also those generated by customers’ energy delivered by SoCalGas’ energy infrastructure.

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