The newly elected Labour government in the UK is promising to create a state-owned entity, GB Energy, to drive forward its energy transition. Robert Johnston at CGEP explains what it is, and how it could be a model for other nations. Up until now, the policy toolkit of high-income OECD countries has primarily been the use of subsidies, tax credits, government procurement, R&D grants, trade policy and the like. GB Energy will directly invest … [Read more...]
Another chapter in Offshore Windās stop-go story: New York
New York State should be leading the offshore wind ambitions of the U.S. The region enjoys high capacity factors for offshore wind, especially during the peak winter heating season. And New York is used to being a leader in so many things. Thatās why it put its climate reputation at risk in October when the state government announced it would not renegotiate contracts with offshore wind providers Ćrsted, Equinor and BP, explains Joseph Webster at … [Read more...]
Green Methanol: an alternative fuel for heavy vehicles and shipping?
Itās very early days but pilot projects for green methanol are underway, explains Gabi Thesing writing for WEF. Itās a low-carbon fuel that can be produced from renewable sources such as biomass or using carbon capture. Compared to traditional fossil fuels it can reduce CO2 emissions by 60-95%, nitrogen oxide by 60-80%, and almost completely eliminate sulphur oxide and particulate matter emissions. Green methanol can be blended with traditional … [Read more...]
Poland can become a major player in Offshore Wind, says PGE
PGE Polska Grupa Energetycznaās goal is to have at least 6.5 GW of offshore wind capacity in the Baltic Sea by 2040. The first projects will come online within the next few years. The offshore projects are one of PGEās key steps towards climate neutrality, and PGE hopes to become a leader in offshore wind in Poland. Here, Wojciech DÄ browski, PGEās President of the Management Board, answers questions to explain their strategy, and how it fits into … [Read more...]
New U.S. Offshore Wind target: from standing start to 30GW by 2030
In March, the Biden administration announced a bold target to deploy 30GW of offshore wind capacity by 2030. Until now, offshore windās rise has been driven almost exclusively by Europe and China. The U.S. accounts for just 0.1% of the worldās installed capacity (versus 17% for onshore wind). Why the hold up, given the U.S. could require up to 400GW of offshore wind by 2050? As Stephen Naimoli and Nikos Tsafos at CSIS explain, offshore costs … [Read more...]
The Clean Hydrogen revolution: how, by whom, when?
Hydrogen rivals oil and gas for storage and hard-to-decarbonise sectors (industry, heavy and long distance transport). But it isnāt all carbon free. āGreyā hydrogen ā the cheapest at ā¬1.50/kilo - is made from gas. āBlueā hydrogen depends on the fortunes of carbon capture technology. āGreenā hydrogen is CO2 free, but needs further cost reductions in the green electricity used in the electrolysis process. NoĆ© van Hulst, at the Netherlandās Ministry … [Read more...]
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