The carbon market is finally a reality in China. After 10 years of delays, regional pilot schemes and general uncertainty, China’s national carbon market became a reality on Feb. 1, 2021. Over time, the scheme is expected to support China’s gradual shift away from coal toward more solar and wind in power generation.
The commission has proposed updating the law which regulates the bloc’s cross-border energy networks to include new energy storage technologies and smart grids as well as removing fossil fuel eligibility for public funding.
The world’s second largest battery market is mulling strict regulation of what type of products can be sold within it. The bloc wants to tighten rules on using hazardous materials and would encourage circular economy approaches. The scope of the commission’s proposal would also affect the design of devices, with phones, laptops and other portable gadgets without removable batteries set to be prohibited.
The bill for full decarbonization of the economy – which is likely to see the decommissioning of no more than half the current coal fleet, with CCS doing some heavy lifting, according to the US-owned analyst – could come in at more than $5 trillion.
With a flurry of recent announcements, the newly-launched power division of the electronics giant plans to drive hydrogen mobility in Germany and enter the commercial and industrial power market in the US.
The development lender will supply three-quarters of the funds as Hellenic Petroleum aims to raise €100 million for a reported 18 solar sites in the nation’s coal heartland.
How can you get the gigawatts of distributed solar generation in the WA South West Interconnected System to play nicely with the network? Western Power has gathered 100 MW of resource to test its coordinated ability to stabilize the system on low-demand days.
As nations begin to move towards clean energy, fossil fuel exporting countries will need to rethink and reshape their economies. Taking Russia as an example, an MIT study has examined the likely impact on oil, gas and coal exports and the opportunities the energy transition could offer.
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