A flurry of clean energy announcements in the European Union this year bodes well for the expansion of renewables but there will be a race against time to get key legislation adopted before next summer’s European elections.
U.K. carbon prices have looked relatively strong since the market launched in May. There is now optimism that the U.K. emissions trading system (ETS) will drive investment in renewables and green hydrogen. However, linking with the EU ETS is seen as key for the market to flourish in the longer term.
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.
Funded by the bloc’s Emissions Trading System, the warchest will look to spend more than €10 billion on bringing clean energy innovations to market over the next decade. The scheme will work with other green recovery programs to secure jobs and lay a foundation on which to restart the European economy.
The effect the coronavirus pandemic is having on energy systems and environmental policy in Europe was discussed at a recent machine learning and climate change workshop, along with the help artificial intelligence can offer to those planning electricity access in Africa.
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