The Greek government has published its plan for a post-Covid economic recovery. The strategy aims to mobilize at least €10 billion towards the green energy sector, with the prospect of further EU loans on top.
Re-elected South Korean president Moon Jae-in today declared he will follow-up on a campaign trail promise to eliminate carbon emissions by mid century. The announcement comes just two days after Japan’s new prime minister said he would accelerate his nation’s emissions target.
The government will table plans for EV purchase incentives and charging points after cutting through permitting red tape in recent legislation. A recent law has proved controversial in some quarters, though, as it brings the private sector into environmental licensing and resists calls to halt commercial development of protected areas.
An energy conference in West Bengal heard of a proposed 800 MW solar project in the state on top of a 900 MW scheme being carried out with Japan. But the chairman of power giant NTPC said artificial intelligence and digitization should be used to extend coal burning for decades.
The energy transition is accelerating, Ernst & Young global energy leader Benoit Laclau has warned grid operators, thanks to the confluence of digitization, decentralization and decarbonization. Traditional utilities must get with the program or be swept aside.
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