Taxing carbon at the border is a lot more complicated than you may think, explains James Bushnell at the Energy Institute at Haas. The EU’s Carbon Border Adjustment Mechanism (CBAM) imposes a tax on imported goods that is designed to reflect the carbon content of those goods. But CBAM has flaws that must be addressed. It taxes the carbon in imported inputs supplied to EU producers, but not the carbon of those same inputs if they are imported as … [Read more...]
June deadline for EU nations’ NECPs: will this year’s plans show they’re taking the climate seriously?
On June 30th, EU Member States have to submit the final revision of their updated National Energy and Climate Plans (NECPs) to the European Commission. NECPs specify their climate and energy targets and trajectories up to 2030, with an outlook to 2040 and the longer term. NECPs must also feature the policies and measures planned to achieve these targets, as well as their funding needs and sources. But, as Federico Mascolo at CAN Europe explains, … [Read more...]
Swappable EV batteries are on the rise in China and India. Why not the West?
Western governments are struggling to meet their targets for zero-emission vehicles, says ManMohan Sodhi at City University of London. There’s been a slowdown of sales that has a lot to do with the high cost of new EVs and the lack of charging infrastructure. Meanwhile, in China and India battery swapping – instead of charging your own battery – is on the rise. Swapping can take minutes. Knowing you can swap means you don’t need a big battery for … [Read more...]
New “Solar Thermal Trapping” process can generate 1,000°C for steel, aluminium and cement production
Many industries – production of steel, aluminium and cement being the most obvious – require high heat processes that today can only be achieved commercially using fossil fuels. Paige Bennett at EcoWatch, writing for WEF, describes a new process using solar thermal trapping to reach temperatures of a little over 1,000°C, hot enough to smelt metal. Scientists used semi-transparent materials, including synthetic quartz, to capture sunlight that … [Read more...]
At $2tn, investment in Clean Energy in 2024 is set to be double that for Fossil Fuels
A new report by the IEA reveals that global spending on clean energy technologies and infrastructure is on track to hit $2tn in 2024, driven largely by attractive cost reductions, improving supply chains, energy security, and government policies. This is despite higher financing costs for new projects. The combined investment in renewable power and grids only recently overtook the amount spent on fossil fuels, in 2023. 2024 will see it at double … [Read more...]
Tariffs on China’s carmakers? Chinese joint ventures and on-shoring would be better
Both the U.S. and the EU are targeting China’s carmakers with tariffs. China is accused of providing state support that allows exported vehicles to be sold at cheaper prices than those of global rivals. The tariffs will allow U.S. and EU carmakers to build up their own domestic supply chains and catch up in competitiveness. But cheap EVs help accelerate the clean transition, so tariffs will only slow it down, certainly in the short term. And … [Read more...]
To make Clean Industry stick, the United States needs new trade mechanisms
The industrial sector throughout the world needs to decarbonise. At the same time, no one country wants to incur the costs and risk losing market share to rivals who decarbonise slowly (or not at all!) Hence the EU’s Carbon Border Adjustment Mechanism (CBAM) that imposes costs on carbon-intense imports. This protects clean EU industries while incentivising importers to get going with decarbonisation or lose their European customers. Allegra Dawes … [Read more...]
It’s time to sanction Rosatom subsidiaries, part of Russia’s LNG production chain
Following Russia’s invasion of Ukraine, the West and its allies imposed a series of sanctions to cut dependence on Russian oil and gas imports, as well as hit Russian import earnings. Ihor Moshenets at the Central European University points to a serious sanctions blind spot: Rosatom, Russia’s nuclear major. Rosatom has avoided sanctions because it is ostensibly a nuclear technology provider, with long term commitments to Europe that do not … [Read more...]
New Concentrated Solar Power system delivers 1,000°C for industrial processes + more
Zach Winn at MIT describes a new method of building high-temperature concentrated solar power systems. The solar receiver heats air to around 1,000°C at atmospheric pressure. The system circulates the hot air with no combustion or emissions to drive a turbine. The system can deliver daytime power and overnight thermal energy storage to provide round-the-clock power. More interestingly, it can provide industrial-grade heat. It’s being … [Read more...]
Are the prospects for Small Modular Reactors being exaggerated? Five key characteristics examined
Small Modular Reactors (SMRs) are being presented as the next generation of nuclear technology. While traditional plants face cost overruns and safety issues, SMRs are seen by their champions as cheaper, safer, and faster to deploy. But Ed Lyman at UCS cites evidence that cast these claims into doubt. In five sections of this article, he lists the reasons why. SMRs are not more economical than large reactors. SMRs are not generally safer or more … [Read more...]
China’s plans for large-scale Offshore Solar
If offshore wind, why not offshore solar? It’s been talked about for a while and implemented on a small scale in places like Norway. You Xiaoying, writing for Dialogue Earth (formerly China Dialogue), looks at China’s efforts to establish it as a new and – once scaled up - major contributor to the energy transition. The main advantages over land-based solar are clear: large spaces of land must be found, they’re not usually near population or … [Read more...]
Hydrogen too expensive for Trucking? 85% of the cost is getting it to the pump
Hydrogen can be a clean fuel for heavy duty trucking. The target price for rapid adoption is $4-$5/kg, yet right now hydrogen costs $13-$16/kg at refuelling stations in California. Cutting the cost of making the hydrogen is proving slow. But Ted McKlveen and Bav Roy at Verne, writing for WEF, show that the production only accounts for 15% of the cost at the pump. Roughly 50% of the cost is from running the pump station (equipment like compressors … [Read more...]
Upgrade the grid, or avoid by incentivising flexibility? Electricity demand mapping can tell you what to do
Power grids across the world need upgrading to accommodate the rapidly rising amount of electricity being generated. Without it, it is a serious bottleneck to the transition to clean fuels. Sheridan Few at the University of Leeds summarises his co-authored study that creates a map of where upgrades are most needed in the UK. The map’s purpose is twofold. Firstly, it predicts where power consumption will rise the most and the upgrades are … [Read more...]
58 national Hydrogen strategies published: a step forward, but importers’ and exporters’ plans still need to match up
So far, 58 national hydrogen strategies and roadmaps have been published. Anne-Sophie Corbeau and Rio Kaswiyanto at the Center on Global Energy Policy take a close look, summarising their regularly updated database, the “National Hydrogen Strategies and Roadmap Tracker.” Only 12 countries are planning to become importers, mostly in Asia and Europe. Most of the others plan to be exporters. Many existing fossil fuel exporters want to preserve their … [Read more...]
Financing Hydrogen projects in Emerging Markets and Developing Countries
Financing the new hydrogen economy is already a challenge. Financing hydrogen production in Emerging Markets and Developing Countries (EMDC) is an even bigger one, yet vitally important for supplying richer nations with hydrogen while creating new industries in the EMDC. This month, the World Bank Energy Sector Management Assistance Program (ESMAP) together with the Government of the Netherlands and Invest International organised a Financing … [Read more...]
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