Category: Opinion & Perspective

Internal and external transmission developments key to German energy transition

The German power grid network will continue to offer significant investment opportunities as vast amounts of new intermittent renewables capacity comes online. Over the coming decade, Fitch Solutions forecasts Germany’s non-hydropower renewables sector to undergo significant growth, with capacity additions of just under 76GW between 2021 and 2030 and total renewables capacity set to rise to 212GW by the end of the decade.

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Integrated European majors lead on preparedness for a low-carbon world: BNEF

European oil companies, including Total, Galp, Equinor, BP and Royal Dutch Shell lead a group of the 39 most publicly-traded oil and gas companies in preparedness for a low-carbon world. These companies have ranked highly due to ambitious climate targets and deep transition-related investments. For example, these five oil majors own some 11GW, or 78%, of the renewable energy assets held by the 39 scored companies.

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Ford’s Electrification Strategy Reflects Strength of EV Policies in Europe

Ford’s announcement that it will seek to completely electrify its European passenger vehicle (PV) range by 2030 evidences two realities; the policy environment in Europe is effective in driving industry change, and automakers will continue to find value in internal-combustion engine (ICE) vehicles in markets with a slower pace of adoption, namely the US, and developing markets with greater barriers to decarbonisation.

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Australia Clean Energy Transition to Accelerate

Australia will accelerate its shift towards cleaner generation sources over the coming decade, supported by green hydrogen developments and energy storage facilities. This will pose structural risks to its thermal power sector, which faces an increasing risk of early closures due to its inability to compete with the influx of renewables.

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Vietnam’s power development plan should be a catalyst for innovation, not a barrier to change

After a decade filled with disappointments from the fossil fuel industry, planners successfully tested the dynamism of renewable energy in Vietnam’s fast-growing market. While many conventional coal and gas-power projects failed to progress during the development process, only managing to meet half of the targeted capacity for 2016-2020, solar power developers over-delivered by five times, and they have done so in a fraction of the time. The evidence was clear to inform the next stage of Vietnam’s power development.

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Time to End New York’s Fossil Fuel-Related Tax Breaks

Over the past few years, New York State has forged a legacy as a leader on climate issues. Among many environmental victories, New York has cemented a historic ban on fracking across the state; blocked both the Williams and Constitution fracked gas pipelines; prohibited offshore drilling for oil and gas; and divested the $225 billion Common Retirement Fund from fossil fuels.

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Hydrogen is expected to play a central role in Japan’s clean energy transition: IEA

It has been almost a decade since the Fukushima nuclear accident which resulted in significant disruption to Japan’s energy supply and the country has been making significant efforts to diversify its energy mix. It has been gradually expanding its renewable energy capacity and improving its energy efficiency in order to lower its carbon emissions as well as reduce the dependence on imported fuels. However, the country’s energy supply still remains highly carbon intensive and Japan will need to redouble its efforts to achieve its goal of reaching carbon neutrality by 2050.

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Renewables and gas could play a critical role in decarbonising the power sector in India

As per the Government of India’s projections, renewable energy curtailment would be about 27 per cent at the point when renewable energy installed capacity reaches 175 GW (by 2022) and about 50 per cent when it reaches 450 GW, adding to power generators’ losses. Hence, the future grid will need more despatchable synchronous generation as spinning reserve to provide load following and frequency response services.

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A Tale of Two Grids: Texas and California

Although both California and Texas recently faced traumatic weather events, the consequences for electric system reliability were dramatically different. Still, both underscore the need for electricity system reforms in an era of increasingly frequent extreme climate events.

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Robust Growth Outlook for Greek Solar

Fitch Solutions forecast consistent growth in Greece’s non-hydropower renewables segment with risks to solar capacity growth abating. Greater government support for the sector underpins our positive outlook for Greek solar, with supportive policies announced creating upside risks to forecast. Solar will continue to offer increasing opportunities for both foreign and domestic developers.

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Project Collaboration Key To Polish Offshore Wind Sector Ambitions

Offshore wind is poised to play a large role in the Polish power sector. We currently forecast an additional 5.4GW of wind capacity to come online between 2021 and 2030 taking the sectors share of total generation to 15% by the end of the decade. This includes an additional but conservative 1.5GW of offshore wind capacity with a considerable upside risk mounting due to support for the sector and a growing project pipeline.

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Texas Needs a Smarter, More Resilient Electric Grid

While it will take time to examine all the causes of this ongoing catastrophe, one thing is clearer now than ever before: We need an electricity system in Texas—and across the U.S.—that can withstand the extreme weather fueled by climate change. In the case of Texas, three key facts already stand out: grid planners need to plan for increasingly extreme weather events, gas power plants are especially vulnerable, and the state’s electrical independence comes at a price.

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To Fight Climate Change, Should Green Investors Reconsider Big Oil?

Sustainability funds eschew some of the biggest backers of green technology: oil companies. Research by Lauren Cohen offers reasons to re-evaluate the role of traditional energy companies in addressing climate change. Should eco-conscious investors support a company that’s developing innovative solutions to climate change—even if that company is also a major polluter?

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What’s Next for State Climate Action in the US? 7 Areas to Watch

Rather than taking a backseat, state leadership must now continue alongside a more supportive federal government, allowing the US to achieve deeper emissions reductions through a new climate federalism framework that leverages comparative strengths at different levels of governance. Here are seven high-impact policies to watch in 2021, as well as federal programs and policies that can encourage and reinforce state-level climate action plans.

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When does reinventing the wheel make perfect sense?

We are at the threshold of an evolution in road transport that will benefit the environment and the way we live our lives. Right now, road transport accounts for almost one-quarter of Europe’s total greenhouse gas emissions. It is the main cause of pollution in cities and accounts for more than 390,000 premature deaths in Europe every year. If we reduce transport emissions by 90% by 2050, Europe will be well on its way to carbon neutrality.

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