By 2021, wind, solar, and natural gas provided 48 percent of Germany’s electricity, and provided most of the electricity consumed in Italy (63%), the UK (64%), and the Netherlands (78%).

At the heart of the new energy paradigm is undersea cable technology, which is benefitting from improved laying techniques and a general acceptance of the idea that high-voltage direct current connectors can function safely over very large distances for many decades.

China had also previously offered a subsidy for EV purchases for more than a decade but the programme ended last year.

While renewable power generation from wind and solar continues to capture much of the peak power demand in The Electric Reliability Council of Texas, demand for gas-fired cooling is also up.

The Texas power grid will be severely tested over the remainder of June as the summer’s first significant heat ridge sets up across the state.

Global renewable capacity additions are set to soar by 107 gigawatts (GW), the largest absolute increase ever, to more than 440 GW in 2023.

“Climate change has been implicated in worsening wildfires across North America,” Kristina Dahl, principal climate scientist with the Union of Concerned Scientists’ climate and energy program,

«Реализация поставленной Президентом задачи по достижению углеродной нейтральности к 2060 году невозможна без сбалансированного развития всех видов генерации, которое, в свою очередь, позволяет избежать дефицита мощности, ценовых скачков, оптимально использовать местные энергетические ресурсы», – подчеркнул Андрей Максимов.

The Brent crude oil spot price will average $79 per barrel (b) in the second half of 2023 (2H23) and $84/b in 2024.

As the energy transition/energy addition continues, many changes are occurring that will impact the performance of grid reliability.

These incentives represent the largest climate investment in U.S. history and aim to reduce emissions by approximately 40% by 2030.

Last fall, when the Institute for Energy Economics and Financial Analysis looked into the world’s 13 “flagship, large-scale” CCS projects, representing about 55% of global carbon capture capacity, it found that seven of the 13 projects underperformed, two failed outright, and one had to be mothballed.

Wind and solar need to be backed up, close to 100 per cent, by some other means of power generation. If that backup is provided by open-cycle gas or worse, coal, net zero will never be achieved: nor anything very close to it.

Interpath Advisory was appointed to handle the administration and sale of Toucan last November, as Thurrock Council in Essex revealed it was owed £692 million ($857 million) by the business. Interpath, which has hired advisers from KPMG to oversee an auction of the 53 sites, is hoping to recover losses through the sale of the farms.

"China is one of the IAEA's most important partners and a global leader in nuclear energy,"