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carbon pricing

EU to offer expertise to drive renewables-friendly policy across Africa

The oft-heard industry call for more supportive policy for renewables, this time in Africa, has prompted the European Commission to pledge to work with its continental counterpart on improving the clean energy regulatory environment.

First Solar backs carbon pricing for wholesale electricity

First Solar has backed carbon pricing in comments submitted to the U.S. Federal Energy Regulatory Commission. The company also co-founded a global policy institute to support carbon pricing as a “cost-effective, equitable and politically viable climate solution.”

Rio Tinto urges climate action despite pandemic

Rio Tinto Chairman Simon Thompson is urging governments across the world to take “urgent” action on climate change despite the twin evils of Covid-19 and economic recession. The call comes amid criticism that Rio Tinto’s own emission reductions schemes are too weak.

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Renewables are mainstream but sector coupling is progressing too slowly

More than a quarter of global electricity is generated from renewables, with solar the third largest source according to an annual overview drafted by global policy network REN21. Despite a year-on-year fall, solar accounted for the majority of generation capacity additions last year. But a lack of decarbonization policies across the heating, cooling and transport sectors puts a patchy energy transition in prospect.

The Pope, big oil and bankers are talking carbon taxes

Pope Francis held a closed door meeting at the Academy of Sciences with the CEOs of oil firms and investment firms to address climate change, with a group committing to support an “economically meaningful” carbon price.

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Green hydrogen airs at G20 meeting of energy ministers this week

Hello hydrogen! A number of factors are floating renewably powered hydrogen to the top of the agenda for worldwide energy ministers. Australia is among the countries most favourably placed to turn hydrogen hype into the biggest source of decarbonized energy the world has yet seen.

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EBRD turns to carbon pricing for future project assessments

The European development bank will amend its methodology to determine the financial viability of energy projects. Putting a price on the environmental and societal effects of air pollution, the EBRD is likely to funnel more funds into renewables.

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