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China’s Belt and Road Initiative is now building more Renewables, less Coal

November 10, 2023 by Tom Baxter

Energy has always made up the majority of investments and construction deals signed through China’s Belt and Road Initiative (BRI). Until very recently these investments were dominated by fossil fuel projects. But in the first half of this year, over 40% of BRI energy projects announced were wind and solar, with 22% each for gas and oil, and zero for coal projects. The reasons include China’s stated commitment to clean energy, avoiding the risk … [Read more...]

Filed Under: Energy, Renewables Tagged With: China, coal, debt, financing, gas, Indonesia, infrastructure, investment, Kenya, oil, Pakistan, renewables, solar, turkey, Vietnam, wind

Carbon Pricing: almost 25% of emissions now covered globally, but coverage and prices must rise further

October 16, 2023 by Joseph Pryor and Venkat Ramana Putti

Despite early scepticism, carbon pricing is making its mark globally. Today almost a quarter of global greenhouse gas (GHG) emissions are covered by a carbon price, compared to just 7% ten years ago. 73 national and sub-national jurisdictions have carbon pricing, explain Joseph Pryor and Venkat Ramana Putti at The World Bank, writing for the Florence School of Regulation and quoting from the World Bank’s State and Trends of Carbon Pricing 2023 … [Read more...]

Filed Under: Energy, Markets, Policies Tagged With: Brazil, carbon, CBAM, China, emissions, ETS, EU, ghg, India, Indonesia, Mexico, pricing, Taiwan, Ukraine, Uruguay, Vietnam

Floating Solar: can it help ASEAN reverse coal’s continued rise?

July 13, 2020 by IEEFA

Floating solar farms may be gaining traction in Asia. Capacity is still small: by 2019 the big players Japan and China had a combined floating photovoltaic (FPV) installed capacity of 1.3GW. But the ASEAN countries that had virtually nothing before 2019 now have over 51MW and have planned in another 858MW. A report by Sara Jane Ahmed and Elrika Hamdi at IEEFA explains why FPV is looking better and cheaper at balancing out peaks and troughs than … [Read more...]

Filed Under: Energy, Renewables Tagged With: China, coal, FloatingSolar, gas, grids, hydro, Indonesia, infrastructure, Japan, Malaysia, Philippines, Singapore, solar, Thailand, Transmission, Vietnam

BP’s world energy review: 2019 saw clean electricity match coal

July 7, 2020 by Simon Evans

Simon Evans at Carbon Brief summarises BP’s 69th edition of its influential annual statistical review of world energy, looking at 2019. Overall, total energy demand rose, though slower than usual. Renewables were the largest source of new energy, but were closely followed by oil and gas. Coal use dropped again, the fourth drop in six years, thanks to historic declines in the EU and the US. But continued growth in SE Asia, China and India leaves … [Read more...]

Filed Under: Energy, Energy Outlooks Tagged With: China, CO2, coal, emissions, EU, gas, GreenDeal, hydro, India, Indonesia, Nuclear, oil, renewables, solar, US, Vietnam, wind

Most read this week

  • Though the price shocks hurt, Renewables installed between 2021-23 saved Europe €100bn by Joe Myers | posted on September 18, 2023
  • Sodium-ion batteries ready for commercialisation: for grids, homes, even compact EVs by Carlos Ruiz | posted on September 11, 2023
  • Improved “Solar Thermochemical” process captures 40% of the sun’s heat to produce Green Hydrogen by Jennifer Chu | posted on November 29, 2023
  • 10 Carbon Capture methods compared: costs, scalability, permanence, cleanness by Ella Adlen | posted on November 11, 2019
  • What does cutting-edge Smart Metering look like as Grids become increasingly complex? by Gridspertise | posted on November 23, 2023
  • Investing billions in new cross-border Electricity Transmission capacity can cover its costs within a few years by George Dimopoulos | posted on November 27, 2023
  • Italy: 71 GWh of additional Grid Storage required by 2030 says Terna by Sara Stefanini | posted on November 28, 2023
  • Carbon Footprints for every product: the need for sector-specific, comprehensive granular data and accounting by Nicole Labutong | posted on November 30, 2023
  • How to manage price risk as the EU shifts from Russian Gas to Renewables by Kong Chyong | posted on December 1, 2023
  • Micro-nuclear reactors: up to 20MW, portable, safer by Christina Nunez | posted on April 22, 2021
  • EU Energy Outlook to 2060: power prices and revenues predicted for wind, solar, gas, hydrogen + more by Huangluolun Zhou | posted on December 4, 2023
  • Understanding the new EU ETS (Part 2): Buildings, Road Transport, Fuels. And how the revenues will be spent by Simon Göss | posted on February 6, 2023
  • Farming Algae for Carbon Capture: new research cuts “fouling.” Scale-up in 3 years? by David Chandler | posted on June 21, 2023
  • What’s best for Hydrogen transport: ammonia, liquid hydrogen, LOHC or pipelines? by Herib Blanco | posted on May 5, 2022
  • Can Aluminium-air batteries outperform Li-ion for EVs? by Helena Uhde | posted on September 8, 2021
  • CBAM is now active. A guide to what companies must do to comply by Simon Göss | posted on October 27, 2023
  • EU Energy Outlook to 2060: how will power prices and revenues develop for wind, solar, gas, hydrogen + more by Alex Schmitt | posted on December 6, 2022
  • Gravity Batteries: any nation can do it at scale using rocks by Simon Read | posted on July 27, 2022
  • Middle East & Africa to export Hydrogen to Europe? Better to make green Iron & Steel and export that by Soroush Basirat | posted on November 23, 2023
  • 5 charts show the rapid fall in costs of renewable energy by Douglas Broom | posted on November 16, 2020

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  • Improved “Solar Thermochemical” process captures 40% of the sun’s heat to produce Green Hydrogen
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      Recent Posts

      What does cutting-edge Smart Metering look like as Grids become increasingly complex?

      EU Energy Outlook to 2060: power prices and revenues predicted for wind, solar, gas, hydrogen + more

      How to manage price risk as the EU shifts from Russian Gas to Renewables

      Carbon Footprints for every product: the need for sector-specific, comprehensive granular data and accounting

      Improved “Solar Thermochemical” process captures 40% of the sun’s heat to produce Green Hydrogen

      Italy: 71 GWh of additional Grid Storage required by 2030 says Terna

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