Genetics

• [New] Another key item to watch will be whether China and India present credible commitments to phase out coal, which remains the world's largest source of electricity generation at around 35% of the global electricity mix, and in China is around 97%. Proactiveinvestors UK
• [New] IAG has committed to phasing out insurance for companies that are predominantly in the business of extracting fossil fuels and power generation from fossil fuels by 2023. Market Forces
• [New] The UK government will encourage the design and development of the next generation of AI systems in the UK and will support UK businesses across sectors to adopt them on a larger scale. Law360
• [New] When wind generation is high and electricity demand low in Britain, NSL will enable renewable power to be exported from the UK, conserving water in Norway's reservoirs. National Grid
• [New] The global green hydrogen market is expected to expand rapidly as a result of its improved functionality and distinct properties, which are required in applications such as oil and gas, petrochemical, electric vehicles, and power generation. MarketResearch
• [New] The production of green hydrogen is increasingly becoming economical, owing to the continuously decreasing cost of solar photovoltaic and wind electricity generation, which is expected to drive the growth of the global green hydrogen market during the forecast period. MarketResearch
• [New] The renewable sources of energy like wind, nuclear fusion, and solar could effectively generate 40% of US electricity by 2030 and 80% of US electricity by 2050. Health
• [New] In the US, the role of gas in power will likely follow a similar evolution as in Europe, as coal-fired generation declines and renewables grow. Center on Global Energy Policy at Columbia University SIPA
• [New] China will need another 433 GW of renewable generation capacity at a capital cost of $3.68 trillion to create green ammonia for its seaborne freight in the next 40 years. Hellenic Shipping News Worldwide
• [New] Electricity generation increases to meet a larger share of energy demand, and low carbon hydrogen grows from a near zero base to play a significant role from the 2030s. UK Government
• [New] Given the restriction on the use of offsets and that emissions from electricity generation are expected to be negative beyond 2040, BECCS is expected to play a role in the decarbonisation of the power sector. Climate Action 100+
• [New] While investment in low carbon generation ramps up, fossil fuel-based electricity generation must fall from 17m GWh to 10m GWh by 2030, largely driven by coal, while CCUS abated generation must rise to 0.5m GWh from near zero today. Climate Action 100+
• [New] Renewable generation is expected to treble by 2030 (from 7m GWh in 2019 to 24m GWh), largely driven by solar and wind but with modest increases in hydro and bioenergy and with more nuclear power also required. Climate Action 100+
• [New] An alignment of capex plans with 1.5 °C requires companies not to invest in any new fossil fuel generation that cannot achieve net zero by 2040 (2035 in advanced economies). Climate Action 100+
• [New] By 2030, wind and solar energy could reduce water withdrawals related to power generation by 50% in the UK, 25% in the US, Germany and Australia, and 10% in India. The Conversation
• [New] Emissions from electricity generation need to reach net zero well before 2050, so that other industries that rely on power can follow suit. Reuters
• [New] Given China's scale versus Japan's, and the enormous growth opportunities that remain to sell within its own borders to the lower and middle classes, China may have generations to go before it flatlines the way Japan has. Discourse
• [New] Over the next decades we will witness a strong decarbonisation of the global energy sector, driven by clean power generation, affordable storage solutions and the deployment of the newest technologies driving down energy consumption. Funds Europe
• [New] Wind and solar power will represent over 30% of electricity generation by 2030 and will be the primary sources of power generation by 2050. PRI
• [New] Renewables, particularly solar and wind, will be the largest contributor to global growth in electricity generation through 2050. Electrek

Last updated: 24 October 2021