The COP28 UAE Presidency and the International Energy Agency (IEA) have convened the first in a landmark series of high-level dialogues through to COP28 around building a 1.5°C-aligned energy transition.
A recurring theme in energy market discussions is the fear that increasing shares of solar and wind with negligible running costs will lead to plummeting electricity prices — so-called price cannibalisation — making further investments in renewables uneconomic.
World Bank finance to boost India's energy transition as UN trade body calls for more help for developing nations; US approves third and biggest offshore wind project yet.
But momentum in solar, EVs and heat pumps needs to expand quickly across more countries and to other parts of the energy system to move the world closer to net zero by 2050.
Hungary has pressed a lot on energy security issues, rather than decarbonisation, in its original Plan for 2020. However, the high energy prices, the war in the neighbouring country of Ukraine and one of the highest inflation rates in Europe have also revived Hungary’s ambitions, pushing the country to make further reforms in the energy sector.
As 30 June will see EU member states submit a draft of their updated 10-year National Energy and Climate Policies (NECP) to the European Commission, Poland’s most recent targets, progress and expectations for the updated NECP are investigated.
The existing terminology used to describe low-emission hydrogen varies among stakeholders and countries, which complicates trade and investment. An internationally agreed methodology for calculating the emissions intensity of hydrogen production could cut financing costs, bring greater visibility for investors, and enable greater economies of scale.
Looking back on the past one-and-a-half years of the energy crisis in Europe, Director General for Energy at the European Commission, Ditte Juul Jørgensen, identified five learnings.
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