News

Interviews

Hydrogen will play a key role in mobility & industry sectors: Commisioner McAllister

Hydrogen, and green hydrogen in particular, has become a topic for discussion and action across the United States, especially in the western state of California. It has also come up with initiatives to promote the uptake of hydrogen, which is a key piece of the puzzle for reaching net zero emissions. At the virtual conference on Green Hydrogen US hosted by Global Transmission Report with support from REGlobal, the Honorable J. Andrew McAllister, Commissioner, California Energy Commission, shared his insights on green hydrogen related developments in the state.

Opinion & Perspective

The US Set a Record for Renewables in 2020, but More Is Needed

According to Bloomberg New Energy Finance, the U.S. installed 35 gigawatts (GW) of new renewable generating capacity in 2020, enough to power 9 million homes. Installation rates of solar (18.7 GW, up 65% from 2019) and wind (16.5 GW, up 178%) skyrocketed. Renewable energy purchases by cities (3.7 GW) and corporate buyers (10.6 GW) increased substantially in 2020, up 23% and 14% respectively from 2019.

Mega Trends & Analysis

Saudi Arabian Power Sector: Embarking on energy transition journey

Saudi Arabia, under its Vision 2030, is implementing one of the largest RE expansion plans in the region. Further, the transition towards clean energy will help greatly in decreasing its carbon footprint and positioning itself as an RE leader in the region. In line with the ambitious targets, SEC is taking the necessary initiatives to create a robust and smart grid to fully evacuate power from the planned RE generation.

Policy Watch

Solar PV Power Opportunities and Challenges in China Under a Carbon Peak Scenario

Solar PV electricity has grown dramatically in the last decade, becoming the third-largest source of renewable energy. Solar PV power (713.97 GW) has become an important renewable energy resource, second only to hydropower (1739.88 GW), and has made substantial contributions to fulfilling global energy demand and sustainable development. Within the newly installed worldwide capacity of Solar PV, China accounted for the highest proportion of 49 GW (cumulative 254.35 GW) in 2020, with 126.84 GW (cumulative 713.97 GW).

Tech Talk

If tech powers the future, who powers the tech?

For the power and utilities (P&U) sector, the long-imagined future of energy is becoming the present: governments are aggressively planning to decarbonize, the prices of renewables and electric vehicles (EVs) are falling, and both customer and investor expectations are becoming more aligned with sustainability. EV adoption will soar, creating a vast replacement market, new fuel opportunities and a new ecosystem tapping into new value pools, but the market is highly competitive.

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Webinars & Videos

IRENA Hydrogen series – Part 1: Green hydrogen: A guide to policy making

The webinar presented key takeaways from the recent IRENA report Green Hydrogen: A Guide to Policy Makers and highlighted the policy pillars to transition green hydrogen from niche to mainstream. These include building national hydrogen strategies, identifying policy priorities, guarantees of origin and enabling policies.

Knowledge Centre

Tracking the impacts of innovation on offshore wind

Clean energy technology innovation – particularly research, development and demonstration (RD&D) – plays a critical role in accelerating the global energy transition. As this transition progresses and ambitions grow, the need for strong government support for innovation grows alongside it. Innovation support is a combination of multiple measures, including RD&D funding (from the public and private sectors), market instruments and policy measures. Together, these guide and encourage innovation activities.

Finance

Bond structures for financing a sustainable recovery

Recovery Bonds link a country’s borrowing to the targeted deployment of capital, designed to facilitate a low-carbon sustainable recovery that can bring economic, social, and climate priorities together. This paper lays out a prospective blueprint to facilitate the issuance of Recovery Bonds, focusing on two potential use cases: sovereign green bonds as part of issuances financing recovery, and bonds linked to fossil fuel subsidy reform (FFSR).

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