Tag: decarbonisation

EU-US Decarbonisation: E3G Briefing

EU-US Decarbonisation: E3G Briefing

February 24, 2023 | ,

The US and the EU should work together in shaping a positive agenda for “just decarbonisation” that benefits the most vulnerable and disadvantaged populations on both sides of the Atlantic. In addition to funding and compensation, this should also include a currently missing piece: how disadvantaged groups will have more agency in the transition. 2023 will show whether the two long-standing allies can move past green protectionism to start an upward cycle that keeps equity and justice front and centre on the decarbonisation agenda.

Read More
Nigeria’s Renewable Energy Roadmap

Nigeria’s Renewable Energy Roadmap

February 9, 2023 |

International Renewable Energy Agency (IRENA)’s report titled “Renewable Energy Roadmap: Nigeria” published in January 2023 sheds light on how Nigeria’s economy is making efforts to increase uptake of renewables. It also provides a roadmap for the country using two scenarios. REGlobal provides a brief extract of the report.

Read More
Blueprint for US Transportation Decarbonization

Blueprint for US Transportation Decarbonization

February 9, 2023 |

The Biden-Harris administration published The Long-Term Strategy (LTS) of the US in November 2021. It is a visionary climate strategy that outlines a plan to tackle the growing climate crisis by decarbonizing the national economy. In January 2023, “The U.S. National Blueprint for Transportation Decarbonization: A joint strategy to transform transportation” was released. REGlobal provides a brief extract of the report.

Read More
Cryptocurrency’s Energy Consumption Problem

Cryptocurrency’s Energy Consumption Problem

February 9, 2023 |

Cryptocurrency has an energy consumption problem. Bitcoin alone is estimated to consume 127 terawatt-hours (TWh) a year — more than many countries, including Norway. Decarbonizing the crypto industry thus remains essential to achieving a safe climate future. With lawmakers increasingly looking at the effects of Bitcoin mining, from both an environmental and grid-resiliency perspective, lowering energy usage of this crypto currency is a must.

Read More
Decarbonisation of European Heavy Duty Vehicles: Paper

Decarbonisation of European Heavy Duty Vehicles: Paper

January 25, 2023 | ,

The study finds that battery-electric trucks are the most cost-effective technology for meeting the HDV CO2 reduction targets. The cost-optimal technology market share to meet a 60% CO2 reduction target by 2030 involves transitioning to battery-electric technologies for most truck segments, without fully exploiting the CO2 reduction potential of diesel trucks. A CO2 reduction target of 100% by 2040 would allow only the registration of zero-emission trucks, such as battery-electric and hydrogen fuel-cell technologies.

Read More
Banks Bet on Green Steel

Banks Bet on Green Steel

December 22, 2022 |

Pledges to support the transition to a net-zero steel sector are growing across both the private and public sector. In September, at Climate Week NYC, six signatory banks — including Citi, Crédit Agricole CIB, ING, Société Générale, Standard Chartered, and UniCredit — launched the Sustainable STEEL Principles (SSP), a climate-aligned finance agreement designed to help achieve net-zero emissions in the steel industry.

Read More
Vietnam JETP – A Major Step Forward for Vietnam’s Decarbonisation Goals

Vietnam JETP – A Major Step Forward for Vietnam’s Decarbonisation Goals

December 22, 2022 |

Vietnam has just become the latest country to put in place a Just Energy Transition Partnership (JETP) with the International Partners Group (IPG). Under the terms of the Vietnam JETP, IPG members – including the EU, UK, the United States, France, Germany, Italy, Canada, Japan, Norway and Denmark – will provide an initial US$15.5 billion of public and private financing over the next three to five years to support Vietnam’s goal to achieve a number of new energy transition targets.

Read More
Power System Decarbonization in Northwestern China: Report

Power System Decarbonization in Northwestern China: Report

December 16, 2022 | ,

China’s northwestern region is facing the challenge of transitioning from coal to renewable fuels. At the same time, the region is one of the most important energy bases in China, and about 28 percent of its total power generation is exported to other provinces. With the completion of cross-regional transmission lines and large energy bases, the proportion of exports will continue to grow. Therefore, power system decarbonization in the northwestern region will have a significant impact and will provide best practices for the national power system.

Read More
How does Indonesia’s JETP compare to net zero pathways?

How does Indonesia’s JETP compare to net zero pathways?

November 23, 2022 |

The Indonesian JETP raises the country’s ambition for power sector decarbonisation and closely aligns to a pathway that delivers Indonesia’s target of net zero by 2060. At the G20 summit in Bali – and on the same day as COP27’s Energy Day – Indonesia announced its ‘Just Energy Transition Partnership’ (or JETP). The groundbreaking deal secures $20bn funding from the US, Japan and others to help Indonesia accelerate the transition from coal to clean electricity.

Read More
Decarbonization and Clean Electricity Procurement: IEA Report

Decarbonization and Clean Electricity Procurement: IEA Report

November 15, 2022 | ,

The report aims to guide corporates in choosing impactful ways to procure clean electricity. It also highlights the roles of policy makers, regulators, system operators and network owners and operators in increasing the availability and impact of corporate procurement options. The final chapter offers targeted recommendations for different stakeholder groups.

Read More
Decarbonization Day at COP27 Calls for Urgent Action to Reduce Emissions

Decarbonization Day at COP27 Calls for Urgent Action to Reduce Emissions

November 12, 2022 |

COP27 Presidency launches several initiatives including Sharm El-Sheikh Methane Reduction Roadmap, East Mediterranean Gas Forum regional decarbonization initiative. Focus on most carbon-intensive sectors including steel, oil, gas, fertilizer and methane. Sessions bring together industry leaders, scientists, innovators, and policymakers to identify action pathways that save lives and livelihoods.

Read More
CPUC Issues Solar Tariff Modernization Proposal To Support Reliability and Decarbonization

CPUC Issues Solar Tariff Modernization Proposal To Support Reliability and Decarbonization

November 11, 2022 |

The California Public Utilities Commission (CPUC) today issued a proposal to modernize the Net Energy Metering (NEM) solar tariff to promote solar and battery storage, grid reliability, and control electricity costs for all Californians. The update launches the solar industry into the future so that it can support the modern grid by incentivizing solar paired with battery storage and the adoption of electric vehicles, heat pump water heaters, and other electrification appliances while making rates more affordable for Californians.

Read More
Road freight decarbonization in Europe: Report

Road freight decarbonization in Europe: Report

October 13, 2022 | ,

This report published by icct in conjunction with the European Clean Trucking Alliance (ECTA), identifies several levers that can be activated today to catalyze the growing demand from the logistics sector and accelerate the deployment of zero-emission trucks in Europe. It also recommends a number of actions to accelerate the deployment of zero-emission trucks in Europe.

Read More
Delivering the low-carbon transition in emerging markets and developing economies

Delivering the low-carbon transition in emerging markets and developing economies

September 27, 2022 |

A review of the impact and achievements of some trailblazing governments, corporates, investors, and civil society across EM&DEs over the last decade also reveals the opportunities that transitioning to a low-carbon economy can generate. In this piece, the authors provide Macquarie’s perspective on why supporting decarbonisation in EM&DEs is central to global climate change mitigation efforts.

Read More
Green Steel in Europe: Paper

Green Steel in Europe: Paper

September 12, 2022 | ,

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.

Read More
Country Climate and Development Report for Vietnam

Country Climate and Development Report for Vietnam

August 23, 2022 | ,

Pursuing a climate-resilient and net zero emissions development pathway is estimated to require additional investments of about 6.8 percent of GDP, or a cumulative US$368 billion through 2040. With the right mix of policies and strategies, Vietnam can leverage its decarbonization efforts to advance development objectives so that achieving net zero emissions does not reduce GDP growth.

Read More
Political economy of US green industrial planning

Political economy of US green industrial planning

August 4, 2022 | ,

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.

Read More
24/7 Clean Power Purchase Agreements: Report

24/7 Clean Power Purchase Agreements: Report

August 2, 2022 | ,

A new form of Power Purchase Agreement (PPA) — the 24/7 clean PPA — promises dramatic increases in the effectiveness of emission reduction efforts in the power generation sector and for corporate off-takers. 24/7 clean PPAs have the potential to address key problems in balancing supply and demand for power as renewables contribute an increasing proportion of generation capacity.

Read More
Climate Action in Australian Transport Sector: Report

Climate Action in Australian Transport Sector: Report

July 28, 2022 | ,

It is a call to action that demonstrates how the transport sector can deliver more sustainable outcomes through innovation, ideation and collaboration. It sets out a series of proposed actions for government and industry that support a focus on place, drive emissions reduction, support investment in renewables and smart technologies, and promote engagement and collaboration across the transport asset lifecycle. 

Read More
Making net-zero happen: How China can finance its transition

Making net-zero happen: How China can finance its transition

July 24, 2022 |

To achieve its ambitious carbon peak and carbon neutrality goals, China needs to close an annual funding gap of about RMB1.1 trillion ($170 billion). It can only do so if it manages to develop far more sophisticated green financing schemes. In China, bank lending is the backbone of corporate finance. Due to their risk-averse nature, banks tend to target large state-owned and private enterprises, meaning SMEs (small, medium enterprises) miss out on the funding — despite accounting for 65% of the country’s CO2 emissions.

Read More