#22
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Green Energy #22

  • US regulations revised
  • Ending the carbon economy
  • COVID blow in Ukraine
  • Solar trading in Singapore
Published every Monday

Euronews

Has COVID-19 struck a fatal blow for Ukraine’s green energy drive?

Even before the coronavirus pandemic hit, Ukraine’s push to use more renewables in its energy mix was under threat.

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Forbes

What Will The Latest PURPA Regulatory Update Mean For Renewables?

Consumers, environmentalists, and taxpayers should benefit for years from the Federal Energy Regulatory Commission, FERC, update of the rules under Order No. 872 for the Public Utility Regulatory Policies Act of 1978, or PURPA.

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FT ($)

Biden’s plan to remove carbon from US electricity by 2035

Earnings season is almost over and, it is safe to say, the energy business is still reeling. BP’s second-quarter results came this morning: a huge $16.8bn loss — by far the company’s worst quarter since its Deepwater Horizon disaster — and the halving of the dividend. Big oil is getting smaller.

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Guardian

BP’s dividend cut is a no-brainer as it sets sights on green energy vow

Lockdown has had a dramatic impact on oil prices but offers BP an opportunity to refocus on clean energy pledges.

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CleanTechnica

Solar-For-Coal Swaps Could Turbocharge Clean Energy Revolution

Coal power plants in the US have been retiring at an average clip of 10 gigawatts per year as the clean energy transition takes hold. That may sound impressive, but it’s not nearly quick enough, considering that climate change is already buffeting the Earth. The pace has to pick up quickly in order to avoid more catastrophe. That’s where a new thing called solar-for-coal swaps comes in. The “swap” part is a bit complicated, but if the idea catches hold it could speed up coal power plant retirements and skim more than 20 gigawatts right off the top.

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Financial Express

Powering reforms: Transforming India’s power sector through GARUDA

One of the long-term impacts of the Covid-19 pandemic on the power sector is likely to be depressed energy demand. A recent study by TERI indicates this reduction maybe 5-10% over the next five years. India’s goal of installing 450GW of renewable energy looks to be a challenge anyway, but this will be an even bigger challenge if India has overcapacity due to lower-than-expected demand.

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EU Observer

Why hydrogen is no magic solution for EU Green Deal

Hydrogen as an important energy carrier in future European energy/climate policy has experienced yet another renaissance recently, this time with much stronger tailwind than previously seen.

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Channel NewsAsia

As the buying and selling of solar energy becomes reality, Singapore could gain further ground on solar target

SINGAPORE: Imagine generating renewable energy via solar panels on your rooftop and being able to sell this energy to others.

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Mongabay

Business risk and COVID-19 are pushing Asian financiers away from coal

Environmental activists have welcomed the move away from coal, but say pressure must be sustained to ensure divestments out of coal projects that are planned or in pre-production.

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Guardian

Letter from economists: to rebuild our world, we must end the carbon economy

From deep-rooted racism to the Covid-19 pandemic, from extreme inequality to ecological collapse, our world is facing dire and deeply interconnected emergencies. But as much as the present moment painfully underscores the weaknesses of our economic system, it also gives us the rare opportunity to reimagine it. As we seek to rebuild our world, we can and must end the carbon economy.

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