Copper has gained nearly 25 percent year-on-year but since March-end, when it slipped to a low of $4,500 a tonne the metal has gained 75 percent. Copper prices, which have surged to an eight-year high on the London Metal Exchange (LME), may gain further on demand from China and efforts of decarbonization by various governments […]
Decarbonization of Eastern Europe’s Energy Mix Key to Higher EU Climate Goals
New EU level targets for 2030 will require fast decarbonization in the power sector, and a major acceleration of the energy transition in some European member states that still rely heavily on coal generation. The EU Commission’s plan to use the EU carbon trading scheme as a key instrument to achieve these targets could drive […]
Meeting the Climate Challenge Through a New Climate Federalism
In recent years, U.S. state and local governments continued stepping up to demonstrate strong leadership in addressing the climate challenge, even when facing headwinds from the federal level. They continue to make progress, all while leading responses to the COVID-19 pandemic and combatting extreme weather events. Still, the possibility of eventual federal reengagement on climate solutions puts in question the future […]
Can the US Catch Up in the Green Hydrogen Economy?
A new report highlights the massive potential to decarbonize transport, industry and power grids — and the massive investments needed to get there. The U.S. needs a massive green hydrogen industry to decarbonize its electricity, transportation and industrial sectors, and major investments and policy changes today to enable it to grow to its full potential […]
Shell’s Carbon Offset Business Makes Its First Acquisition
Shell will acquire Australia’s Select Carbon, a “carbon farming” specialist, as the oil giant begins shaping a crucial pillar of its net-zero plans. Shell’s new Nature-Based Solutions business has made its first acquisition, with the Anglo-Dutch oil major announcing Monday that it will buy Australia’s Select Carbon. Shell has a net-zero ambition for 2050 […]
Long-Term Value of Grid Storage Is All About Capacity, Study Finds
More batteries can mean fewer generation assets and new transmission lines. But market rules need to change to unlock that value. The grid is heading in the direction of more renewables, with or without overarching policies to guide it. There’s general agreement that the ability to store electricity will become more valuable as this happens, […]
HYDROGEN ECONOMY’ OFFERS PROMISING PATH TO DECARBONIZATION
Use of clean hydrogen can help address the toughest third of global greenhouse gas emissions by 2050, but only if net-zero emission goals and policies are set Sydney and London: The falling cost of making hydrogen from wind and solar power offers a promising route to cutting emissions in some of the most fossil […]
3 Predictions for US Renewables and Storage Markets in 2025
It’s easy to lose sight of the extraordinary progress being made with renewables and energy storage, the author writes. With increasing climate change impacts and decades of power infrastructure neglect, we can lose sight of the extraordinary progress we are making with renewables and energy storage to build a clean energy future, healthier planet and more efficient […]
Europe’s Energy Giants Line Up to Endorse Green Deal
The power sector sees huge opportunity, while the proposed “carbon border” raises questions for EU oil and gas imports. The European Union’s newly proposed Green Deal raises “significant questions” for the oil and gas industry, analysts said, but the plan was broadly welcomed by companies across the energy sector. On Wednesday the European Commission presented […]
Decarbonization, digitization and decentralization are accelerating the countdown to a new energy world faster than expected
– Better, cheaper technology is speeding up the journey to tipping points by as much as two years – Most markets have revised policies towards more ambitious clean energy targets – Renewable and behind-the-meter generation gaining momentum LONDON: Renewable energy technology advances, innovation in storage and digitization and increased distributed energy generation are accelerating the pace […]