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Finding the most efficient way to pay for the energy transition is not an easy affair—but lawmakers worldwide seem to be increasingly converging on contracts for difference as the mechanism of choice to fund emerging technologies
Contracts for difference have supported the growth of offshore wind in the UK and are now gaining traction elsewhere
SUBSIDY CHALLENGES Market support mechanisms such as feed-in tariffs have had a patchy record with renewables in Europe
CONTRACTUAL CONFIDENCE The contracts for difference model allows governments to share risk with private investors
KEY QUOTE It is cheaper to do a contract for difference that might or might not pay out, than a subsidy that will definitely pay out ...
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Companies and finance providers need legislative frameworks that move everybody in the same direction at the same speed, but they can, and should, do much more themselves to fight climate change
To create demand for sustainable finance, governments should integrate climate criteria into their procurement and in how they draft policies and regulations
The world’s ocean provides much of humanity’s foodstuff, carries the bulk of the world’s trade and acts as a store for enormous amounts of carbon dioxide. It is central to our climate goals and prosperity, says Graham Stuart, UK International Trade Minister, on World Ocean Day (June 8th, 2021)
A sustainable and resilient energy system must incentivise a strong role for demand-side flexibility solutions, says Bertrand Deprez from Schneider Electric
A slew of lacklustre state-run auction results could threaten Europe’s ability to meet binding climate targets. The systems that have brought gigawatt levels of clean energy generation are ailing
As the wind blows, the sun shines, and green generation rises, demand is saturated. Market prices fall, but renewables are caught cannibilasing their own investment case. Special report part 1/3
The electricity sector has come a long way since many of the rules that govern it were written. Distributed energy resources, battery storage and electric vehicles had not yet appeared on the scene when the regulations and frameworks that dictate how power is produced, transmitted and consumed were put in place
