Tag: covid19

State of the Energy Union 2021 – Contributing to the European Green Deal and the Union’s recovery

The State of the Energy Union report marks, each year, the moment to take stock of change and of progress in the implementation of the European Union (EU) energy and climate policies, including the Energy Union across its five pillars, on the road to climate neutrality by 2050. This is a report from the Commission to the European Parliament, the Council, the European Economic and Social Committee and the Committee of the Regions.

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Clean Energy Jobs in California 2021

California’s clean energy economy employed about 480,000 Californians at the end of 2020, down from 537,000 the year before. However, since the sector’s losses peaked at the end of May 2020, jobs grew back by more than 13 percent compared to less than 6 percent in statewide economy overall.

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Mena Energy Investment Outlook 2021-2025: Overcoming the Pandemic

According to the recent report by Arab Petroleum Investments Corporation, total 2021-25 MENA energy investments register a modest increase of just USD13 billion over last year’s 5-yr outlook – from USD792 billion to USD805 billion – a clear indication of the magnitude of the 2020 crisis’ impact across MENA despite the region’s relative resilience. Power sector investments in MENA are expected to continue to flourish, characterized by an accelerating shift towards renewables.

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Corporate renewable electricity sourcing in Europe shows continuous growth

Corporate renewable electricity sourcing in Europe has shown continuous growth despite the COVID-19 pandemic, demonstrating the resilience and potential of Europe’s renewable energy sector. In November 2020, the cumulative contracted volume of corporate renewable power purchase agreements (PPAs) in Europe reached the 11 GW mark, up from just 2.2 GW by the end of 2016 and with a record 3 GW contracted in 2020 alone.

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Renewable energy potential in North Africa remains largely untapped: IEA

As the necessity of energy system transformation gathers pace at a global level, North African countries are increasingly making efforts towards their respective clean energy transitions. Clean energy transitions offer opportunities for North African countries to transform their energy infrastructure in ways that can meet the region’s growing energy demand, create much-needed jobs and promote equitable socio-economic development, diversify their economies, and build climate change resilience, all while achieving low-carbon, sustainable, inclusive economic growth.

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An agenda for post-Covid recovery

With all major economic activity halted, energy demand has also tumbled, leading to the steepest drop in oil prices in two decades. Simultaneously, there has been a significant cut in greenhouse-gas emissions. However, this temporary drop in carbon emissions only highlights the fact that there has been very little actual progress in decarbonization across the globe.

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Trends that show the economic benefits of US climate action

The US has made substantial progress towards a low-carbon economy over the past several years. According to research, the benefits of US climate action in today’s economic reality are evident. Strong climate action and investments in low-carbon infrastructure can be effective ways to recover from Covid-19 and secure the economy’s long-term success.

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Covid-19 is worsening the bottlenecks: GWEC CEO Ben Backwell

While governments have been taking measures to ensure that wind power project operations go on unhindered, the disruption caused in the wake of the Covid19 pandemic is expected to stay for a long time yet. REGlobal spoke to Ben Backwell, chief executive officer, Global Wind Energy Council, on the impact of Covid-19 on the global wind power industry and the future outlook.

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