California companies that refine gas, make cheese and build satellites may face bigger bills in the state’s underperforming cap-and-trade market very soon. But their counterparts that extract oil from the earth, turn wood into paper or produce fertilizer are in line for a longer cap-and-trade honeymoon.
A major player in California’s electricity system has opened its arms to the concept of using batteries — whether mounted on a garage wall or inside an electric vehicle — and other small-scale technology to help the grid.
The experts the Chinese government relies upon to advise on energy planning say the world’s largest emitter is on track to stop growing its greenhouse gas output as much as a decade earlier than promised. Jiang Kejun, a lead researcher at the Beijing-based Energy Research Institute, said China would “for sure” outperform its Paris pledge to peak emissions by 2030.
On July 7th, the Chinese government endorsed a set of policies aimed at peaking greenhouse gas emissions by 2029 — at no additional costs. Energy Innovation’s Energy Policy Simulator measured the combined effects of 35 climate, energy, and environmental policies across more than 10,000 scenarios.
China could speed up its climate plans to peak carbon dioxide emissions in six years, under proposals presented to policymakers this week. Two Beijing-based government advisory groups – the National Center for Climate Change Strategy and International Cooperation and the Energy Research Institute – drew up an “accelerated low carbon scenario” with American consultancy Energy Innovation.
China, a country known for its smoggy skies and hazardous environmental conditions has rapidly become the global leader in developing and implementing renewable energy technologies on a mass scale. The country’s central government understands that there is a problem that needs to be fixed as fast as possible
Carbon pricing is China’s best bet to cut emissions and by strengthening the proposed emissions trading scheme the country could see its GHG output peak sooner, according to a group of think-tanks.
Instituting a carbon tax and improving building efficiency are two of the most effective tools to cut greenhouse gases, no matter if its in China or the West, according to a report out tonight from China’s National Center for Climate Strategy and the Energy Research Institute (both government agencies) and the U.S. non-profit Energy Innovation.
Utilities face a host of rapid changes in a what used to be a staid business: new business models, changing supply and demand forecasts, new distributed architectures, etc. Meanwhile, difficult questions remain about how we’re going to manage our power transition, who the winners and losers will be, and what role consumers and “prosumers” will play in the future. We tackle all of these issues in this wide-ranging conversation about the “blocks and squiggles” of the grid of the future.
Most people are at least vaguely aware at this point that power utilities are the Bad Guys in the story of renewable energy — fighting rooftop solar, clinging to old coal plants, and generally slow-walking the work of cleaning up the grid. But the role of utilities is often badly misconstrued, read as a tale of greed or animus. While there’s plenty of greed and animus to go around, the fact is, utilities are just doing what they’ve been designed to do. The design is the problem.