The Australian government has today committed to reaching net zero emissions by 2050 but has not passed any legislation to support such a transition in a move described as “disappointing” and “unambitious” by the country’s Clean Energy Council.
The Cabinet of Japan’s government has approved a plan to raise the national target for renewable energy in the electricity generation mix to between 36% and 38% by 2030.
Vattenfall has increased its emissions reduction targets to be in line with the 1.5 degrees Celsius scenario set out in the Paris Climate Agreement in a move that has been approved by the Science Based Targets initiative (SBTi) and which involves increasing its renewable capacity four-fold.
The Australian Renewable Energy Agency (ARENA) will support projects that further lower the cost of renewable generation as part of a new investment strategy aimed at underpinning the transition to net zero emissions.
Liam Stoker reflects on the IPCC’s ‘Code Red’ warning over climate change, what it means for the world’s renewables sector and, crucially, why it is time for policymakers to match rhetoric with action.
A landmark new climate report from the UN “must sound a death knell” for coal and fossil fuels, according to secretary-general António Guterres, who is calling for a rapid increase in solar capacity and renewable energy investment.
China could install up to 65GW of solar this year, driven largely by a surge in demand for distributed solar installations, while average solar deployment could reach 90GW per year in the years leading up to 2025.
At least 455GW of new solar PV capacity will need to be installed each year by the end of this decade for the world to reach net zero status by 2050, new analysis by BloombergNEF (BNEF) has found.
BP’s Statistical Review of World Energy 2021, published late last week, highlights how the world’s energy systems are changing at rapid pace, but equally illustrates how that pace of change must accelerate across the world if established economies are to meet net zero targets. Liam Stoker looks at the key takeaways from the report.
