Rooftops will have to supply a third of the 524 GW of solar generation capacity needed by 2045 to reach a zero-carbon economy by mid century, according to an academic paper. The researchers also suggested green hydrogen should not play a central role in the nation’s energy transition.
The EU today confirmed natural gas-fired power and heat generation facilities can qualify for Covid-recovery spending as long as they fulfil a maximum emission target or are accompanied by credible member-state plans to ramp up renewables usage.
Guide to drawing up national green hydrogen strategies acknowledges the global hydrogen economy could fail to take shape if any of the world’s powers decide to stick with fossil fuels to gain a price advantage.
An extensive European Commission regulation has set the bar on those economic activities deemed to help in the war against global heating and, by implication, those which may hinder the effort.
The Japanese tech giant and German power company have followed the lead of General Electric by promising not to take on any new coal power station contracts.
While the world’s climate negotiators dither, the post Covid-19 world could see their efforts overtaken – but only if policymakers are bold enough to take the opportunity to offer truly green fiscal stimulus packages to get us through the crisis. Felicia Jackson, from the center for sustainable finance of the School of Oriental and African Studies at the University of London, gives her thoughts here.
The nation appears ready to join the ranks of global solar protectionists but any fears about its energy transition may be dampened by the introduction of one of the world’s first true carbon levies – provided emitters are not afforded too many loopholes.
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