Category: Policy Watch

Proposal for emergency intervention to address high energy prices: European Commission

The EU is confronted with the effects of a severe mismatch between energy demand and supply, due largely to the continued weaponisation by Russia of its energy resources. To ease the increased pressure this puts on European households and businesses, the European Commission is now taking a next step in tackling this issue by proposing exceptional electricity demand reduction measures, which will help reduce the cost of electricity for consumers, and measures to redistribute the energy sector’s surplus revenues to final customers. 

Read More

The New EU Mobility Framework: Focus on public transport and decarbonisation

To meet these needs, The New EU Urban Mobility Framework seeks to achieve the transition to safe, accessible, inclusive, resilient, and zero-emission urban mobility. The transition requires a clear focus on increasing the use of active, collective, and shared mobility with zero- or low-emission solutions. The TEN-T network is the central focus of the New EU Urban Mobility Framework. The strategies and actions detailed in the framework are aimed at improving connectivity to the TEN-T urban nodes through sustainable modes of transport.

Read More

Germany remains committed to its existing climate and power sector decarbonisation targets

When taking office in late 2021, the German government announced plans to pass sweeping energy sector reforms in 2022. The energy crisis that erupted after the Russian invasion of Ukraine accelerated this legislation process further and necessitated additional efforts to safeguard supply security and cutting dependence on natural gas from Russia. This article summarises the ongoing rapid changes and dynamics of Germany’s energy sector.

Read More

Inflation Reduction Act seeks to jumpstart electric vehicle market

The Inflation Reduction Act, (the Act or IRA) signed into law on August 16, 2022 by President Joe Biden, will inject hundreds of billions of dollars into clean energy and electric vehicle incentives and programs. The Act aims to invest $369 billion over 10 years into energy and climate programs, providing a number of tax credits and incentives to promote clean energy technologies.  The Act constitutes the largest investment in combatting climate change and incentivizing the onshoring of renewable energy production in US history.

Read More

Colombia Launches National Roadmap for Net Zero Carbon Buildings

Colombia’s National Roadmap for Net Zero Carbon Buildings, launched in June 2022 by the Ministry of Environment and Sustainable Development, aims to achieve net zero in all new buildings by 2030 and all buildings by 2050. Developed in partnership with WRI’s Zero Carbon Building Accelerator, the roadmap provides a framework for how the country can decarbonize the built environment by setting out clear goals, defining actions and identifying the actors responsible for implementation.

Read More

Offshore Wind and the US Inflation Reduction Act

The Inflation Reduction Act modifies the investment tax credit requirements for offshore wind projects, ties offshore wind leasing to offshore oil and gas leasing while also opening new areas for potential offshore wind development, and appropriates additional funds for the planning and development of interregional electricity transmission and transmission of electricity generated by offshore wind.

Read More

Offshore wind development goals off the California Coast

A directive set forth by Assembly Bill 525 (AB 525, Chiu, Chapter 231, Statutes of 2021) directs that on or before June 1, 2022, the California Energy Commission (CEC) shall “evaluate and quantify the maximum feasible capacity of offshore wind to achieve reliability, ratepayer, employment, and decarbonization benefits and shall establish megawatt offshore wind planning goals for 2030 and 2045.” On August 12, 2022, the CEC adopted a report whose preliminary findings set planning goals of 2,000-5,000 MW of offshore wind by 2030 and 25,000 MW by 2045.

Read More

Australia reviews grid planning: AEMC’s recommendations to foster investment 

Australia is moving apace to meet its net zero target by 2050. The country’s policymakers and regulators are extensively reviewing the existing regulatory framework to make sure it is flexible enough to support the ongoing energy transition. Since transmission is an important enabler in this process, the Australian Energy Market Commission (AEMC) recently published its recommendations in its draft report on ‘Transmission Planning and Investment Review (Stage 2).’

Read More

Implication of the recent ruling on UK Net Zero Strategy

The UK Government announced its high profile ‘net zero’ policy in June 2019 and swiftly made it legally binding. Stakeholders called for a robust UK Net Zero Strategy to provide the detailed policies and measures needed to achieve these targets. On 18 July 2022, the High Court declared that the UK’s Net Zero Strategy is, in part, unlawful and ordered the Secretary of State to revise it by March 2023.

Read More

Biden Administration Takes Action to Accelerate Offshore Wind in Gulf of Mexico and Southeast

On July 20, 2022, the US Department of the Interior (DOI) announced next steps for offshore wind (OSW) development in the Gulf of Mexico. On the same day, the Biden administration announced that it was kickstarting OSW development in the Southeast, which has been under an offshore development moratorium. With the clock ticking, BOEM held a competitive auction for two lease areas in the Carolina Long Bay area off the coast of North Carolina and issued the leases to the winners before the moratorium commenced on July 1, 2022.

Read More

“Fit for 55”: European Council agrees on higher targets for renewables and energy efficiency

The Council on June 27 adopted its negotiating positions (general approaches) on two legislative proposals that tackle the energy aspects of the EU’s climate transition under the ‘Fit for 55’ package: the renewable energies directive and the energy efficiency directive. The agreements pave the way for the Council to start negotiations with the European Parliament.

Read More

Biden Administration Launches New Federal-State Offshore Wind Partnership to Grow American-Made Clean Energy

On June 23, the White House joined with eleven governors from up and down the East Coast to launch a new Federal-State Offshore Wind Implementation Partnership that will accelerate the growing offshore wind industry. The partnership will support efforts to provide Americans with cleaner and cheaper energy, create good-paying jobs, and make historic investments in new American energy supply chains, manufacturing, shipbuilding, and servicing.

Read More

European Green Bond Regulation

Currently, the green bond market is mainly organised through market-based and industry group standards. While these voluntary standards provided a basis for the development of the green bond market, the European Commission aims to provide issuers and investors with a more extensive and uniform regulatory framework with the introduction of a European green bond standard.

Read More

Tax relief for oil and gas is trouble for UK bills and energy transition

By introducing additional tax relief limited to oil and gas investment, Treasury incentivises a slower transition and pushes companies to allocate profits towards new oil and gas developments instead of renewables. If this revenue had instead been spent on supporting energy efficiency measures it would have the potential to lift households out of energy poverty for good. 

Read More

Adjustments to the specific remuneration system for renewables in Spain

RD-Law 6/2022 eliminated, for energy generated in 2023 and thereafter with the right to specific remuneration, the adjustment for deviations in the market price of electricity as compared to the forecasts taken into account for each three-year regulatory half-period (and each six-year regulatory period). This adjustment has now been reintroduced, again with changes to how it is regulated.

Read More

Biden Administration Proposes First-Ever California Offshore Wind Lease Sale

On May 26, 2022, the US Bureau of Ocean Energy Management (BOEM) issued a Proposed Sale Notice (PSN) that includes three proposed lease areas in the Morro Bay Wind Energy Area (WEA) off central California and two proposed lease areas in the Humboldt WEA off northern California. The lease sale in two regions hundreds of miles apart is novel. Taken together, the five proposed lease areas total approximately 373,268 acres that have the potential to unlock over 4.5 gigawatts of offshore wind energy.

Read More

German Easter Package targets 80 per cent renewables by 2030

Germany is urgently gearing up for a major electricity policy revamp impelled by the ongoing geopolitical circumstances and the need to secure its future national energy supply besides achieving its climate goals. The comprehensive energy package outlines new frameworks for renewables, power grids and markets in order to ensure that the country is on track to achieve climate neutrality in the electricity sector by 2035, with an interim target of 80 per cent renewable electricity (or 600 TWh) by 2030.

Read More

RGGI Lowers Bills, Saving US Consumers Billions on Energy

At a time when energy prices are skyrocketing, here’s some good news for residents in 11 Eastern states: according to a new report out recently, RGGI, a regional power plant program, is working to lower electricity bills for households and businesses by billions of dollars and improve cost of living through investments in energy efficiency, renewable energy, electrification, and other measures that are also cutting pollution and cleaning up our air.

Read More

Assessment of Poland’s renewable energy policy

The EPP2040 places an emphasis on increasing renewable electricity generation to drive the energy transition, especially on solar PV and offshore wind. It includes targets for solar PV capacity of 5-7 GW by 2030 and 10-16 GW by 2040, and for Poland to have 1 million prosumers using distributed renewables (mainly PV) by 2030. Although the EPP2040 was released in February 2021, it does not reflect the reality of PV deployment in Poland.

Read More

CCUS Projects and US Federal Environmental Laws

Carbon capture, sequestration, utilization, and storage (CCUS) will be essential in meeting the Biden administration’s net zero GHG emission goals, as the chair of the White House Council on Environmental Quality (CEQ) acknowledges that “to reach the President’s ambitious domestic climate goal of net-zero emissions economy-wide by 2050, the United States will likely have to capture, transport, and permanently sequester significant quantities of carbon dioxide.”

Read More
Loading