Olaf Scholz led Germany's Social Democrats (SPD) to an unexpected win in the 2021 elections held in September. He now needs to finalise a coalition with the Green Party and the pro-business FDP before forming a government and becoming chancellor. Like his predecessor Angela Merkel, Scholz has said he wants to become a "climate chancellor". Kerstine Appunn and Benjamin Wehrmann at Clean Energy Wire try to understand what his climate and energy … [Read more...]
Solar is displacing Coal in India’s electricity market
India is the world’s third largest electricity market and as a fast-growing economy can, according to the IEA, lead the recovery of global energy demand out of the pandemic for the coming decade. Kashish Shah at IEEFA runs through solar’s prospects in India, which hopes to build 450GW of renewable energy by 2030. Solar is getting cheaper. A 2GW auction in June delivered India’s lowest-yet renewable energy tariff at US$31/MWh. That figure could … [Read more...]
Europe’s 55% emissions cut by 2030: proposed target means even faster coal exit
The EC is proposing a target emissions reduction of 55% by 2030 compared to 1990 levels, instead of the previously agreed 40% (which the EU is on course to surpass). The main tool for achieving it will be the EU Emissions Trading System (ETS). Prices for allowances will rise, making coal increasingly uncompetitive. Sören Amelang, Kerstine Appunn and Julian Wettengel at CLEW talked to a number of experts who say the new target implies a near total … [Read more...]
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