Category: Policy Watch

House Proposes Strong Clean Electricity Performance Program

The ambitious Clean Electricity Performance Program (CEPP) will drive investment that reduces emissions, creates jobs and grows the economy. The Congress and the President now need to ensure it remains strong through final passage to deliver a transformed power sector. The Clean Electricity Performance Program is designed to help support and accelerate this broad shift, by making a $150 billion public investment over the coming decade in power companies that meet annual targets for expanding clean electricity.

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How businesses need to navigate environmental incentives and penalties

With environmental issues high on the global agenda, governments are directly targeting businesses in their drive to sustainability. Incentives and penalties are being introduced on a regional and domestic basis, creating a challenging landscape with which businesses must contend. The tax and finance function can play a major strategic role to the broader business by helping reduce risk and make the most of opportunity.

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Redesigning the national electricity market in Australia

The Energy Security Board (ESB) in Australia released its recommendations for the redesign of the national electricity market on August 26, 2021. These were submitted to energy ministers on the Energy National Cabinet Reform Committee (ENCRC) at the end of July 2021. The ESB is recommending four key pathways for reform to manage both the orderly exit of old technologies (especially ageing coal fuelled generation) and pave the way for new technologies.

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UK plans for a hydrogen economy

Tens of thousands of jobs, billions of pounds in investment and new export opportunities will be unlocked through government plans to create a thriving low carbon hydrogen sector in the UK over the next decade and beyond.

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Vietnam’s Future Transition: Offshore Wind Auctions

REGlobal provides a brief extract of Global Wind Energy Council’s (GWEC) report titled, “Vietnam’s Future Transition to Offshore Wind Auctions: International best Practices and Lessons Learned”. The article reviews auction in 6 offshore wind markets, Best practices for offshore wind growth in Vietnam, recommendations for policy support and auction design.

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Recent Policy Initiatives in the US: Prioritising climate-compatible investments

The US is fast transitioning to the use of clean energy sources. Recent months have witnessed the introduction of various new policies to push for energy transition at an accelerated rate. The initiatives introduced appear to be promising, with a focus on various key sectors of the economy. The investments are targeted towards improvement of power infrastructure, public transit, EV, water services and broadband infrastructure. The recent announcements are a big leap towards prioritising and enabling climate-compatible, clean infrastructure across the US.

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CA Budget Approves Historic Clean Transportation Investments

State legislators and Governor Newsom just signed a historic California budget that includes unprecedented levels of investment in clean transportation. The new funding will provide significant support for critical zero-emission vehicle and infrastructure programs, unlocking billions in public health, climate, and jobs benefits for all Californians.

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ENTSO-E calls for remuneration reforms: To innovate, incentivise performance

Europe is making efforts to build a strong and secure transmission network as it is a widely recognised prerequisite to meet the region’s energy and climate goals. Building a grid that supports further integration of renewable energy sources (RES) and strengthening the internal energy market while maintaining system security and achieving sustainability goals involves massive investments.

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Gujarat Releases a Comprehensive EV Policy

The Indian state of Gujarat has launched a progressive and future-looking electric vehicles (EV) policy today. One out of every three passenger cars manufactured in India comes from Gujarat. The state’s announcement today will provide a fillip to the electric mobility ecosystem in the country.

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Addressing climate change through carbon taxes

Research shows that putting a price on carbon-based fuels, in the form of a fee or tax, can be an effective way of reducing GHG emissions and pollution levels across the globe. By placing higher taxes on carbon-based fuels, households and industries can reduce the level of pollution and look to alternatives like solar power and hydrogen engines, which have lower impacts on the environment. The implementation of a carbon tax system, therefore, provides an incentive for businesses and industries to develop more environmentally friendly production processes.

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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).

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Green hydrogen supply: A guide to policy making

Several barriers, such as the high cost of green hydrogen compared to non-renewable alternatives and the lack of dedicated infrastructure, are still impeding hygrogen’s full contribution to the energy transition. The report on “Green Hydrogen Supply: A Guide to Policy Making”, by the International Renewable Energy Agency (IRENA) aims to provide a basis for understanding these challenges and the solutions available.

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Minnesota Advances to Become First Midwest Clean Cars State

The proposal to adopt a Clean Cars Minnesota program was given a greenlight today. An Administrative Law Judge ruled—as part of her report issued today—that the Minnesota Pollution Control Agency (MPCA) could move forward based on the extensive, deliberative, and open process and after thousands of public comments and filings by stakeholders.

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Setting the Stage for an EV Future in Washington State

Washington State has passed two leading laws on electric vehicles. The signing of these bills will ensure that people will be able to charge their EV as easily as buying gas and will be able to charge their EVs at home, at work, and on the road as the state moves toward a new goal of all new passenger vehicles being zero-emitting by 2030. A detailed article on this policy development.

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ACT Transport Strategy: Zero-emission mobility to gain momentum

The state government of the Australian Capital Territory (ACT), through its transport strategy, plans to transform Canberra into a compact and vibrant urban area. This strategy provides a direction for the city’s transport policy and investment plans till 2040. The focus is on promoting walking, cycling, and zero-emission transport. This is in line with the state government’s plans of halving greenhouse gas emissions (below 1990 levels) by 2025 and establishes a pathway for achieving net zero emissions by 2045.

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California Approves $44M for San Diego EV Charging

San Diego Gas & Electric will deploy roughly 2,000 new electric vehicle charging stations at apartment and workplaces across the San Diego region, under a $44 million program approved by the California Public Utilities Commission. The investment will allow the utility to help fill the need for charging infrastructure at workplaces and apartment complexes where cars are parked for long periods, supporting accelerated EV adoption and California’s ambitious transportation electrification goals.

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US Jumpstarts Offshore Wind: Targeting 30 GW by 2030

On March 29, 2021, President Joe Biden announced big plans to expand offshore wind power, with 30 GW planned along the US coasts by 2030, backed by billions in federal loan guarantees. According to DOE, this move could potentially power 10 million homes in the future and avoid 78 million metric tons of CO2 emissions. The 30 GW target will spur USD12 billion in capital investment annually

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Growth drivers, constraints and policy implications in the US corporate renewable PPA market

According to publicly available BNEF data, at the end of 2019, the cumulative PPA capacity contracted from renewable energy sources (excluding green tariffs) was approximately 27.2 GW, with higher penetration of wind energy in comparison to solar. The 11.2 GW of additional PPAs signed in 2019 alone represents more than 40 percent of the total corporate-contracted capacity since 2009.

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