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The major economies of China and the US have identified storage capacity as an industrial priority and are redesigning their markets to incentivise growth. The rest of the world’s economies are trying to compete but will instead need to ride the pair’s coattails to benefit
China and the US are throwing their weight behind storage technologies
NEW MARKET The storage sector only took off two years ago indicating there is a lot of learning and growth to come
AMBIGUOUS OUTLOOK Batteries are not yet economically attractive in much of the world
KEY QUOTE Policy and regulatory reform are only just beginning to make headway even in some of the world’s major jurisdictions ...
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Emissions trading can help the industry go green by putting a price on carbon, a policy that is paying off in Europe in a big way. China is looking to emulate that success in its market. Refinitiv’s Yan Qin explains what the future might hold for it
As the first generation of EVs begins to reach the end of its operational life, the car market is examining what to do with the batteries held within. With the demand for batteries set to increase in transport and other sectors, experts are examining how recycling and reusing old batteries can continue to support the energy transition
As the energy landscape changes, so too could the geopolitical spectrum. Nations that have derived power and wealth from coal, oil and gas face an adapt-or-die moment while countries with the natural resources central to decarbonisation could find themselves holding more cards
Carbon prices at sufficiently high levels can push firms to internalise the costs of greenhouse gas emissions while providing a long-term price signal to drive investments needed for decarbonisation. Emission trading systems and carbon taxes feature in a growing number of climate strategies, but even the most well-designed instruments must be accompanied by other policy measures if emissions reductions goals are to be reached
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
Analysts predict massive growth for storage systems that can provide many hours of uninterrupted power, but the sheer diversity of contenders in this field makes it hard for a dominant technology to emerge
A recent announcement to support offshore wind projects off the state of Victoria shows how the local government has grown tired of waiting for federal leadership on the energy transition
President Joe Biden’s plan to increase the level of electric vehicles (EVs) in car-mad United States is laudable, but has underestimated several of the perceived barriers to uptake, undermining its aim already
