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Investors present European legislators with hydrogen economy wishlist

If the EU is going to drive more than half a trillion dollars worth of hydrogen investment over the coming decades, it will need to get investors onside. The European Investment Bank has surveyed financiers to find out what they want.

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Latest EU electrolyzer pledge could speed up solar permitting

With an estimated 500 TWh of renewable electricity needed to produce the 10 million tons per year of clean hydrogen wanted by the European Union by 2030, the recent promise to ramp up European electrolyzer production capacity could give a boost to solar developers grappling with sluggish permitting regimes.

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Rooftop solar could mean big savings for Ontario

A rapid ramping up of deployment would have little impact on the electricity price during summer, when air conditioning drives demand to its annual peak in the Canadian province, but it would bring hefty savings on the annual gas generation bill, even before carbon levies are factored in.

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China opens ‘world’s biggest carbon market’

With the nation having operated seven pilot programs since 2011, a national scheme started trading on Friday, although the first day’s average carbon price of around €6.70 per ton of emissions was significantly below the €50/ton levels currently being seen in Europe.

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Five policies to make green hydrogen affordable in Europe – for just €24bn per year

With the EU carbon price sat at record highs of around €50/ton, the authors of a report into the policies needed to drive a clean hydrogen economy in Europe say the storage medium won’t compete with its fossil fuel powered version even if carbon allowances cost four times that level.

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The prospects for solar in a 1.5C world

We will need 10.7 TW of clean energy generation capacity this decade to stay on track with the most ambitious of the climate change paths agreed in Paris, which would include plenty of solar investment and jobs, according to the International Renewable Energy Agency.

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New renewables cheaper than legacy coal or gas for almost half the world’s population

Electricity bill payers in nations as diverse as Germany, Greece, India and China should be aware new solar projects can now generate electricity cheaper for them than legacy coal and gas-fired plants.

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EU carbon price running at level not expected until next year

Emissions permits are selling at around €50 per ton, completing a rally from last year’s Covid-driven slump faster than expected by business respondents to the 2021 Refinitiv Carbon Market Survey.

MEPs prepare to vote on EU carbon border

Carbon price levied on imported goods should be linked to level set by the bloc’s emissions trading system and should cover the power sector by 2023, according to members of the European Parliament’s environment committee.

EU records annual rise of 7 TWh in third-quarter solar output

European renewables, including Spanish solar, made big gains as energy demand recovered before the second wave of Covid infections. Nuclear was a notable loser, in part because clean energy volumes in the north of the continent drove down power prices sufficiently to make reactors uncompetitive.

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