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.
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.
Although the global solar industry might be cheered by the prospect of a healthy slice of an expected $12 trillion, 30-year windfall, governments are falling far short of steering us clear of catastrophic global heating, according to the analyst’s latest New Energy Outlook report.
A report by Finnish company Wärtsilä has estimated the potential impact if every dollar committed to a non-renewables energy sector recovery was instead funneled to clean power.
The British energy company has pledged to raise investment in low-carbon energy – including biomass and natural gas-fired hydrogen – tenfold by 2030 and said it would reduce its upstream oil and gas activity 40% over the same period.
Utilities that are transitioning away from coal are starting to view the creation of a natural gas “bridge” to renewable energy as an unnecessary step.
Battery innovations started to come thick and fast this quarter as the hunt for alternatives to lithium-ion intensified and the latest slew of solar tenders indicated the relentless pressure on solar power generation costs was showing no sign of abating.
Storage has long been expected to be the handmaiden of a renewable energy world and its long awaited advances started to finally emerge in the third quarter as researchers posited R&D achievements ranging from potentially potent tungsten disulfide nanotubes to the business case for 10-year solar panels.
The political statements issued by the Conservatives, Labour, the Lib Dems and even the Green Party almost entirely ignore solar power amid a welter of vague ambitions ahead of the December vote. The increasingly obvious effects of climate change have clearly entered the consciousness of voters, though – the net zero commitment even got as high as page 55 of the Conservatives’ 62-page document.
A report by Germany’s Energy Watch Group thinktank has said we would be better off sticking to coal and oil than switching to gas because emissions of methane, the most potent greenhouse gas, caused by gas extraction render any related carbon savings irrelevant.
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