In March, the Biden administration announced a bold target to deploy 30GW of offshore wind capacity by 2030. Until now, offshore wind’s rise has been driven almost exclusively by Europe and China. The U.S. accounts for just 0.1% of the world’s 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 isn’t all carbon free. “Grey” hydrogen – the cheapest at €1.50/kilo - is made from gas. “Blue” hydrogen depends on the fortunes of carbon capture technology. “Green” hydrogen is CO2 free, but needs further cost reductions in the green electricity used in the electrolysis process. NoĂ© van Hulst, at the Netherland’s Ministry … [Read more...]
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