Following the enactment of Decree No. 10,946/2022, the Brazilian legal framework for offshore power generation projects has been further regulated by (i) MME Ordinance No. 52/2022; and (ii) MME/MMA Joint Ordinance No. 03/2022. Both the Ordinance and the Joint Ordinance became effective simultaneously on November 1, 2022.
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This briefing paper reviews the latest key trends and datapoints, which confirm that the majority of the world is fast converging on the IEA’s first key milestone of no new coal power plants moving into construction. This briefing provides the latest analysis on the current state of the global landscape of planned new coal power projects.
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This paper describes ZEDZs and their potential to address the negative impacts from increased urban freight and delivery. With insights from over 15 interviews of city policymakers, logistics experts, businesses and community-based organizations, this working paper evaluates real-world ZEDZ examples and offers policymakers preliminary guidelines for the enactment of effective and equitable ZEDZs.
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On 17th October 2022, the UK government announced that it would U-turn on its pledge to freeze all household energy prices for two years. The Energy Price Guarantee previously meant that an average household might have expected to pay £2,500 per annum in over the next two years. With the Guarantee now set to end in April 2023, average household energy bills could rise to £3,500– £4,300 next year.
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Member states are making progress but the focus is on tackling the emergency in the short term. The EU and member states need to shift thinking beyond next winter to fill the 2022-2025 action gap and deliver on gas reductions, boost supply chains, grow clean jobs and ramp up renovation and renewables.
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According to this note, “Virtual Net Metering” means an arrangement whereby entire electricity generated from a solar project installed at consumer premise or any other location is injected through solar electricity meter and the electricity exported is adjusted in either one or more than one electricity service connection(s) of participating consumer(s) located within the same distribution licensee’s area of supply.
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Given the necessity to grow non-fossil energy investment in Europe to handle the current crisis and the urgency to act on climate change, the EU and UK cannot afford a treaty that limits their agency in driving the necessary change. They must thus agree on a coordinated withdrawal from the Treaty. This E3G briefing explores what is needed for the ECT to be aligned with the Paris Agreement and why the reform still falls short.
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This recommendation paper summarizes the measures needed to ensure fair competition and create a stable, transparent business environment, focusing primarily on issues related to the zone designation system and project developer selection system. The recommendations stem from discussions with offshore wind power developers in various positions.
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This paper “Climate Finance for Just Transitions: Building Low-Carbon Development Pathways in an Age of US-China Rivalry” by the Nicholas Institute for Energy, Environment & Sustainability investigates challenges throughout the international climate finance landscape and recommends pathways for how investments into low- and middle-income countries (LMICs) can more effectively drive low-carbon development.
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The new UK Prime Minister’s most urgent task is to deal with the unprecedented rise in energy bills scheduled for October. Long-term energy security solutions like energy efficiency, new renewables, and the electrification of heating and industrial processes will be essential. But lowering bills quickly is the most critical concern. This E3G briefing outlines how the government can remove levies from bills without damaging important fuel poverty programmes or investor confidence.
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Greater attention is now being paid to the so-called hard-to-abate sectors such as steel. The 2020s offers a perfect opportunity for the steel industry to transition in Europe. 74% of EU steel blast furnace capacity needs reinvestment by 2030, and blast furnaces have a life span of decades. Coming investment cycles will lock plants into a specific production process. Policymakers must guide industry and investors onto a climate-aligned pathway for steel.
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Electric vehicles, building heating technologies, and commercial and industrial equipment are quickly emerging as attractive electrification or fuel switching opportunities for utilities. These electric technologies can lower customer costs, decrease emissions, increase utility revenue, and benefit customers broadly. But not all electrification of everything everywhere provides these beneficial outcomes, so utility program leaders must carefully weigh the pros and cons.
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The white paper covers the nature of the EU’s security of supply challenge, an assessment of the levers which can address this challenge in the short- and mid-term, and recommendations on specific actions for European states to take. The analyses conducted confirm that there is a path for Europe to secure its energy supply over the next winters and into 2025, and to do so in conformity with its medium-term climate commitments.
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An IMF paper estimates that the recent surge in international fossil fuel prices will raise European households’ cost of living in 2022 by close to 7 percent of consumption on average. Household burdens vary significantly across and within countries, but in most cases they are regressive. Policymakers have mostly responded to the shock with broad-based price-suppressing measures, including subsidies, tax reductions, and price controls.
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If America is to reach its climate goals, the country must achieve solar deployment targets like those envisioned in the Solar+ Decade, where solar will account for 30% of all U.S. electricity generation by 2030. Achieving this target will require a strong U.S. solar manufacturing base, which is also critical to preserving economic and national security. This roadmap explains how policy, supply chain factors, international trade, economic growth and environmental and climate concerns can drive a revitalization of an American solar supply chain.
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In recent years, Chile has created several public policies for clean transportation. Particularly noteworthy are Chile’s energy efficiency law and its zero-emission sales targets. The law not only sets stringent fuel economy standards for light-, medium-, and heavy-duty vehicles––a first for Latin America––but also includes tax incentives for zero-emission vehicles, provides for interoperability of recharging systems for EVs, and designates hydrogen as an official fuel.
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The Japanese government has set ambitious goals for a carbon-neutral future to enhance its energy security. It plans to establish a full-scale international hydrogen supply chain to cut the cost of hydrogen by 2030 and to encourage the use of ammonia in thermal power generation as a low-carbon transition fuel. In this briefing, Clifford Chance looks at Japan’s hydrogen strategy and the policy and regulatory initiatives underpinning the development of the sector.
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According to a recent European Parliamentary Research Service Cost of Non-Europe (CONE) report, ambitious and united European Union (EU) action in climate and energy policy could be very beneficial, bringing gains of up to 5.6% of gross domestic product (GDP), equal to €1 trillion additional GDP per year in 2050, compared to a continuation of the status quo.
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E3G has released a briefing paper titled “The Political Economy of US Green Industrial Planning: Building State Capacity for Deep Decarbonization”. This briefing outlines the opportunities to embed deep decarbonization, as well as the risks. It concludes with recommendations for three priority capacities to build: public financing and asset management; supply chain and productive capacity monitoring; and formalized sectoral investment targeting and coordination.
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In a year in which both global and U.S. M&A activity in aggregate reached record levels, renewable energy M&A contributed to the mix in terms of high deal volume and landmark transactions. Robust demand in the sector was supported by persistently low interest rates, Environmental, Social and Governance (ESG) considerations, and aggressive renewable energy and decarbonization targets.
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