#16
single distill image banner

Green Energy #16

  • Big Oil’s bet on hydrogen
  • Solar PV benefits over costs
  • New record in the UK
  • New Jersey’s wind port
Published every Monday

The National

Why Covid-19 offers a glimpse of a cleaner energy future

Technologies for green and clean energy systems exist that can achieve 70-80% of the climate neutrality goal.

Read more

Bloomberg

Big Oil’s Long Bet on Hydrogen Offers a Climate Lifeline

The clean-burning energy source is still too expensive to compete with fossil fuels, but oil companies are investing heavily.

Read more

Editor’s Note:

The world’s oil giants have put money on hydrogen as a clean fuel that they can be part of. Will Mathis and Akshat Rathi report, including on worries whether this is the right strategy, as hydrogen is still not cost-effective.

Business Live (South Africa)

SA needs a green, urban-driven investment strategy to realise growth

Even before Covid-19, the SA economy found itself in recession, with the official unemployment rate exceeding 29% and economic growth all but disappearing. Then the pandemic hit, probably shrinking the size of the economy by more than 5% and pushing unemployment up yet further.

Read more

Forbes

Will New Jersey’s New Wind Port Be A Game Changer Or A Financial Boondoggle?

New Jersey Governor Phil Murphy announced last week that he has chosen a site along Delaware Bay in Salem County to become what is being called the New Jersey Wind Port, billed as the first port in the nation to be built specifically to support the development of offshore wind farms. The Wind Port is planned to promote the development of such power along both the New Jersey Shore specifically and elsewhere along the East Coast of the United States.

Read more

The Guardian

Renewable energy breaks UK record in first quarter of 2020

‘Substantial increase’ in wind and solar power helped to generate 47% of Britain’s electricity.

Read more

MIT

Researchers find solar photovoltaics benefits outweigh costs

Over the past decade, the cost of solar photovoltaic (PV) arrays has fallen rapidly. But at the same time, the value of PV power has declined in areas that have installed significant PV generating capacity. Operators of utility-scale PV systems have seen electricity prices drop as more PV generators come online.

Read more

Editor’s Note:

Researchers from the Massachusetts Institute of Technology have studied the key costs and benefits associated with solar PV arrays. Nancy Stauffer reports the key findings and implications on whether the time is right to move to solar power.

The Conversation

Why zero-carbon homes must lead the green recovery from COVID-19

Living in a house that doesn’t fully meet your needs might have been tolerable when you spent more of your time elsewhere, but a third of the world has been stuck indoors at one time during the pandemic. A lack of space, poor soundproofing, inadequate ventilation and no outdoor access, even to a balcony, are all shortcomings that will have made the weeks and months indoors unbearable for some.

Read more

WSJ ($)

Green Energy Is Finally Going Mainstream

The question for investors now is not whether carbon-free power is here to stay but how to avoid getting burned.

Read more

Chatham House

Green Industries Can Accelerate a True Jobs-Focused Recovery

As of the beginning of May, 33 million Americans had lost their jobs in the preceding seven-week lockdown – equivalent to a 14.7% unemployment rate, and quadrupling the 2019 rate of 3.5%. In China, although officially unemployment is just 5.9%, independent estimates are more than three times greater, at 20.5%, principally due to a lack of accounting for job losses amongst migrant workers.

Read more

Power Technology

Covid-19 and the oil crash: a new dawn for clean energy investment?

The global outbreak of Covid-19 and the accompanying oil price crash haves raised questions about the future of clean energy investment. Are prospects better or worse than they were before, and what does the future look like?

Read more

Editor’s Note:

Now that we have seen a crash in the oil prices, will this prove to be a major boost for clean energy investments? Here Chris Lo wonders whether the transition plans are going to materialize in the medium to long term.