Life is increasingly determined by various global trends. The energy industry has also been undergoing a transformation for some time. One upcoming challenge is decarbonisation, while at the same time decentralisation is taking place and digitalisation is steadily increasing. These developments are taking place with varying degrees of dynamism and occasionally come to a standstill.
The scenario framework of the transmission system operators for gas (FNB Gas) for the 2022 – 2032 Network Development Plan contains some interesting figures. For example, there were over 100 project notifications for hydrogen projects in Germany. With almost 25 GW of electrolysis capacity by 2030, these figures exceed the plans of the German national hydrogen strategy many times over.
Emission reductions alone are not enough to achieve ambitious climate goals. Therefore, negative emissions and carbon removal are increasingly being discussed as possible additional climate protection measures. In this guest article, Simon Göß from cr.hub explains what is behind the terms negative emissions and carbon removal. After analysing five global scenarios in relation to negative emissions, Simon Göß explains the implications for policy and highlights some private sector initiatives.
The EU Commission has presented a new legislative package with more ambitious targets. The results of the coal and solar tenders were announced. While the PV tenders were significantly oversubscribed, the bidding volume at the coal tenders was not as high. New records were set on both the short-term and forward markets.
The European Green Deal presented by the European Commission on 11 December 2019 sets the goal of making Europe the first climate-neutral continent by 2050. The EU has once again taken the lead among major greenhouse gas emitters with the announcement of tightening climate targets and measures on 14 July 2021. The ambitious programme aims to reduce emissions by 2030 drastically.
The Climate Protection Emergency Programme was adopted at the end of June, although less ambitiously than expected in advance. Other topics in June 2021 are the results of the first wind tender since 2017 with more than 1000 MW awarded and the lower share of renewables in the first quarter of 2021. Moreover, prices on the futures market reach new highs.
With the current “EU Energy Outlook 2050” Energy Brainpool shows long-term trends in Europe. The European energy system will change dramatically in the coming decades. Climate change and aging power plants are forcing the European Union and many countries to change their energy policies. In addition, there are market changes: rising CO2 certificate prices lead to higher profitability of renewable energies, Power Purchase Agreements (PPAs) are the key word here. What do these developments mean for power prices, revenue potential and risks for photovoltaics and wind?
A lot happened in the energy sector in May. The targets for CO2 emission reductions in the Climate Protection Act were tightened. A full exemption from the EEG levy for green hydrogen is in sight. The CO2 lead contract has reached record prices.