The Biden administration has reintroduced Trump’s tariffs on e-bikes from China. That’s 25% tariffs on imported e-bikes and bike components made in China. An additional 25% tariff on Chinese-made battery packs used by e-bikes comes into effect in 2026. Nearly 100% of bicycles sold in the U.S. are manufactured abroad, with the vast majority coming from China. It’s all part of the U.S. policy to counteract unfair subsidies in China and develop … [Read more...]
EU ETS2 for Buildings, Road Transport: what must firms already be doing to comply with the full launch in 2027?
The new EU Emissions Trading System, ETS 2, covers emissions from buildings, road transport, and additional sectors such as fuel use in small industrial installations. It’s designed to reduce emissions by 42% by 2030 compared to 2005 levels. Florian Schlennert, Simon Göss and Hendrik Schuldt at carboneer describe how it works, and what firms must do to comply. Comprehensive monitoring, reporting, and verification (MRV) must be implemented at the … [Read more...]
EVs made of 40% Green Steel will add just €57 to the price of a new car
There are three big reasons why Europe’s auto industry should be given binding targets to increase the green steel content of their cars through to 2040. First, conventional steel production is a high-emissions activity, and both users and producers are struggling to bring it down. Second, emerging green steel producers need to secure major guaranteed users (the auto industry is steel’s second biggest customer) as this is their greatest … [Read more...]
EU ETS: what happens when rising Carbon Prices start to hurt low income groups?
The main purpose of the EU Emissions Trading System (EU ETS) is to put a price on emissions and generate revenues from companies buying allowances for creating those emissions. Right now energy, manufacturing and aviation are covered. From 2027, maritime transport will be added to the existing EU ETS, while buildings and road transport will be regulated in the upcoming ETS2. From then, nearly 80% of total EU emissions will be under the ETS and … [Read more...]
Biden vs Trump: will the economics of Oil sway the U.S. presidential election?
Donald Trump has always backed oil and gas, and U.S. industry giants donated $7.3m to his campaign, three times more than for his 2020 run. Joe Biden has introduced green energy policies and other transition legislation, though he has also overseen an increase in domestic oil production and promised motorists he will keep petrol prices low. Both candidates know that U.S. voters are particularly sensitive to the price of their gasoline, in a land … [Read more...]
World’s biggest plane to carry Offshore-Wind sized blades to “inaccessible” onshore destinations for first time
It looks brilliantly simple. Why are onshore wind turbines smaller than offshore ones? Because you have to move them to their location by road, over bridges, through tunnels and around curves. That limits their size. As Michael Purton, writing for WEF, explains it’s why the company Radia is building the world’s biggest aeroplane called WindRunner (12 times the volume of a Boeing 747), big enough to carry turbine blades over 100m long. And the … [Read more...]
Germany, Italy + 10 others not on track to meet their 2030 climate targets, costing them €billions in carbon credits
12 EU countries are on track to miss their 2030 national climate targets by a large margin, according to a study by T&E. That means they will have to buy carbon credits on such a large scale there will be few left for others to buy their way out of missing their own targets (leaving them facing court cases). Germany and Italy are the two worst performing countries, with France on track by a very close margin. Germany will have to pay … [Read more...]
A global breakdown of how the energy sector is paid for: by governments, private firms, households
What are the sources of investment and sources of finance in the energy sector? Cecilia Tam, Paul Grimal, Jeanne-Marie Hays and Haneul Kim at the IEA summarise insights extracted from the IEA’s latest flagship World Energy Investment report which this year has dug much deeper into the subject. They look at the capital structure (debt versus equity) of energy investments in assets and companies. They look at the entities making the investments, … [Read more...]
The Fossil Fuel system wastes 2/3rds of its energy before it gets to you. Inefficiency is driving it out (not just emissions)
Today’s fossil energy system is very inefficient: almost two-thirds of all primary energy is wasted in energy production, transportation, and use, before fossil fuel has done any work or produced any benefit. That’s almost 400 EJ wasted, worth over $4.5tn, or almost 5% of global GDP. Two activities - fossil fuel power plants and internal combustion engines - are responsible for almost half the energy waste globally. Daan Walter, Kingsmill Bond, … [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...]
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...]
Zero-Emission Trucks can be cost competitive by 2035 (and much sooner depending on size and range)
Zero-emission medium- and heavy-duty vehicles (MHDVs) such as battery electric and hydrogen fuel cell electric, in every size and range category, can be cost competitive with their diesel equivalents by 2035. In several of those categories it can be much sooner – within the next six years - explains Julia Thomas at NREL. Researchers there have modelled how the total cost of driving for zero-emission and diesel MHDVs can evolve over time under … [Read more...]
The EU’s inaugural Hydrogen subsidy auction. What have we learned?
At the end of April, the winners were announced of the first pilot auction to allocate subsidies for EU hydrogen production via the European Hydrogen Bank. The winning bids were between €0.37 and €0.48 per kg, much lower than the €4 – €6 per kg estimated “green premium” cost gap between renewable hydrogen and fossil hydrogen in Europe. The low bids mean companies applied for fewer subsidies than needed to bridge that “green premium” gap because … [Read more...]
When can Bioenergy be truly green? 5 key questions for every project
Is bioenergy green? It depends, says Jessica Allen at the University of Newcastle. She lays out five key questions that should be asked about every bioenergy project. What is its source? Native forest residues, dedicated fast-growing biomass species, agricultural residues and “waste” biomass: all have pros and cons that must first be carefully measured. How many emissions are embodied in the collection and transport of the biomass to the plant? … [Read more...]
Europe’s EV charging infrastructure roll-out is ahead of targets. It’s EV sales that are lagging behind
A T&E analysis reveals the speed of EV charging infrastructure deployment across the EU is a success story. This contrasts with stories of people being hesitant to switch to EVs because they fear there aren’t enough charge points. It also exposes the failures to meet EV sales goals: whatever the cause, it can’t be because the charging rollout is too slow. Across the EU, the number of chargers increased threefold in the last three years (and … [Read more...]
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