The inauguration of Joe Biden as the 46th President of the United States has brought hope the country will play a central role in the world’s energy transition and combating climate change. However, rather than teaching other countries lessons, the U.S. will need to catch up with the rest of the world, and it needs to do so quickly – the world won’t wait for the U.S.
Global management consulting firm PricewaterhouseCoopers has issued a general economic prediction for 2021. Aside from some general notes on GDP recovery post-Covid, the analysts’ notes were heavily focussed on climate and energy finance and policy.
Researchers led by Oxford University have put together a comprehensive forecast of energy developments across the African continent up to 2030. Based on analysis of data on more than 3,000 power plant projects across 54 countries, the report predicts a doubling of generation capacity in Africa over the next decade, with fossil fuel projects to represent 60% of the total. Based on this, the authors warn of the need for both the public and private sectors to change to tack to avoid a missed opportunity for renewable energy.
In an interview with pv magazine, Indra Overland, head of the Center for Energy Research at the Norwegian Institute for International Affairs, explains how international hydrogen strategies may play out in the upcoming decades. Plans and roadmaps will not be enough to turn a hydrogen economy into reality and its success will depend on becoming cost-competitive vis-à-vis other solutions in several areas, he says.
Business analysts at McKinsey & Company have worked the numbers and found that investments into new infrastructure and technologies necessary to achieve the net-zero target will likely be offset by savings in other sectors. Europe’s PV sector could grow to about three times its current size over the next decade.
While Donald Trump grapples with the result of the election, Europe’s highest officials have moved on, and demonstrated new optimism for the four years ahead by setting a preliminary agenda for cooperation aimed at president-elect Joe Biden with key topics including work on renewables, battery storage and carbon pricing.
The in-country analyst has revised up its expectation for this year and says a healthy unsubsidized project pipeline will keep the numbers ticking over in 2021. The spending plans necessary to ramp up renewables targets in the next five-year plan, though, could put the nation on a collision course with the EU.
The Norwegian polysilicon maker has been been frozen out of the Chinese solar market by political tensions between Beijing and the U.S. and mothballed its Washington State production line last year. However, two recent business agreements could change all that.
KilowattSol CEO Xavier Daval has criticized the absence of references to solar in the French government’s post-Covid recovery plan, which has allocated €30 billion to the energy transition. The head of the PV technical advisory says solar must become more central to France’s strategic choices and China must not be allowed to retain its near-monopoly on PV panel manufacturing.
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