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China is the latest country to get into emissions trading, launching a nationwide market in 2021 and using several regional and local pilot projects as a springboard. Many of the details still need to be hashed out, and the low price means that it is far too soon to see any actual decarbonising impact. But we have been here before: when Europe launched its emissions trading system nearly two decades ago, the early years were plagued by low prices, a glut of pollution permits and a regulatory system that did not extract the full potential from the market. Subsequent reforms have patched loopholes and dragged the price of carbon into a window where industries are now being forced to adopt greener technologies not to fall foul of the polluter pays principle. China has taken inspiration from the EU ETS and hopes to iron out the kinks in a shorter time span.
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Changes need to be made to how electricity markets are managed so that they can handle the pace of the energy transition, but there is little consensus about what tweaks are actually required
A sustainable and resilient energy system must incentivise a strong role for demand-side flexibility solutions, says Bertrand Deprez from Schneider Electric
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
Demand for electric vehicle batteries in Europe is accelerating thanks to a mix of new regulations and promising business cases, which has sparked a homegrown industry that aims to take on the world. But the policies will need to be strong enough to fend off the vagaries of geopolitics
The European Commission must recognise its role and prioritise investment in secure and predictable renewable electricity sources in its upcoming proposal on the European Electricity Market, as they are the best way to both replace reliance on imported fossils fuels as well as balancing wind & PV production, say Sanjeev Kumar and Berenice Crabs of the newly-formed Alliance of Secure, Indigenous and Predictable Renewable Electricity (Aspire)
Green hydrogen's role in the energy transition is a given, but just how far and how fast the technology will spread remains up for debate
By the end of this decade, Denmark aims to be a net exporter of green energy and fuels, helping Europe meet its net zero ambitions while curbing the reliance on energy imports. It rests on a massive expansion in both renewable energy generation and electrolysers as well as hydrogen infrastructure
North Africa has enough solar and wind energy to easily power the whole of Europe but plans to export renewables generation across the Mediterranean have so far floundered. The burgeoning clean hydrogen sector could change the picture
Grid operators are not maximising the system capacity, resulting in wasted or lost clean electricity. A concerted effort to boost digitalised grid management could help save money and power, says Amir Cohen of EGM
The European Commission should include clean heat standards in its forthcoming Net Zero Industry Act to force industry and enable consumers to switch from fossil fuel boilers to lower-emitting heat pumps, concludes a new report from the Regulatory Assistance Project (RAP)
Rocketing bills and worries over energy security sound like the perfect excuse to pump investments into large-scale infrastructure schemes—but in Europe at least, appetite for big projects is limited
Providing EV users reliant on public charging services with equal opportunities is vital for the decarbonisation of transport, says Jaap Burger from the Regulatory Assistance Project
It is clear that society’s greenhouse gas emissions are costing the Earth but there is still little consensus on what the real price of carbon should be
An interconnected transmission grid in Europe would result in lower prices and greater levels of clean energy. But several nations are falling behind on export capacity leading to some member states looking beyond the Union’s borders
With the hydrogen economy gaining momentum in Europe, the industry is also stimulating interest in other regions of the world where power systems are more reliant on fossil fuels. However, green hydrogen in Southeast Asia has different questions that need answering