Global emissions of carbon dioxide (CO2) from coal-fired power plants and industrial facilities fell in 2019, according to research published Dec. 3, though overall emissions of CO2 rose due to the increased use of natural gas and oil for power generation and other industrial processes. The new emissions figures were reported by the Global Carbon Project […]
The New York Independent System Operator (NYISO) has proposed incorporating the social cost of carbon into the wholesale price of electricity. According to an October-released study conducted by the consulting firm Analysis Group, “A carbon price in NYISO’s competitive wholesale power markets can help deliver New York’s clean-energy transition in faster, cheaper, more reliable, more […]
According to experts from Technical University of Applied Sciences (OTH) in Regensburg, Germany, who recently reviewed the world’s existing power-to-gas (P2G) hydrogen and methane projects, about 143 P2G projects have operated since 1988 in 22 countries. Only 56 hydrogen and 38 methanation projects were active in 2019. While the existing fleet mostly comprises pilot or […]
In its November 2019–issued World Energy Outlook, the International Energy Agency (IEA) suggests that if countries pursue currently stated policies, the combined generation share of wind and solar photovoltaic could surge from 7% today to 24% in 2040. This very steep ramp-up of variable renewables will undoubtedly require an emphatic focus on flexibility—the ability of […]
Decarbonization is a word that seems to be used quite regularly these days. For the power industry, it refers to the shift in electric generating resources from carbon-heavy coal to carbon-free nuclear or
While still in its infancy, power-to-gas provides a promising approach to convert renewable power into “green” hydrogen and methane, furnishing the renewables sector with a potentially lucrative array of
Officials in China in 2017 said the country—the world’s largest emitter of greenhouse gases—would move away from coal-fired power generation. They promptly canceled more than 100 coal power plant construction projects. But coal remains king in China, which in the past two years has added 43 GW of coal-fired generation capacity, according to a report […]
The Ways and Means Committee of the U.S. House of Representatives on Nov. 19 released a draft tax package for clean energy projects that includes a five-year extension of the 30% solar Investment Tax Credit (ITC), along with new incentives for energy storage. The legislation also supports incentives for electric vehicles (EVs), offshore and onshore […]
As the world continues to face climate uncertainties, industrial companies are looking for ways to ensure they are as sustainable as possible while maintaining profitability. POWER’s recent Distributed Energy Conference included a session on sustainability from the viewpoint of utilities and others in the power generation industry. Many companies are working toward the goal of […]
Solar photovoltaic (PV) could surge ahead of coal and gas and become the largest source of installed power capacity in the world in the next two decades if countries pursue stated policies and targets, the International Energy Agency (IEA) said in its newly released World Energy Outlook 2019 (WEO2019). The agency’s annual publication, which it […]
