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EIA: Coronavirus Depressing US Power Demand, Slowing Renewables Buildout

GreenTechMedia

While the oil and gas industries face the greatest risks, EIA’s latest Short-Term Energy Outlook also predicts steep declines in commercial and industrial electricity demand, and a significant decline in new generation capacity as a result. These drop-offs in demand will drive down total U.S. Similar views on a coming U.S.

Demand 130
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The Wild West of plastic credits and offsets

GreenBiz

And, much like the market for carbon offsets, it’s messy. . In the same way that a company’s carbon credit may offset its U.S. Sustainability practitioners have spent the past couple of decades defining and debating the role of carbon credits in the transition to a clean economy, and plastics credits are not fundamentally different.

Plastics 519
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Global Covid stimulus packages 'doing more harm than good' to planet, researchers warn

Business Green

Global demand for electricity is also growing faster than renewables capacity post-pandemic, opening the door to more fossil fuel energy in many parts of the world. Nature has been particularly neglected, with fewer than ten of the countries we studied investing in nature-based solutions such as reforestation or wetland restoration.

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E.ON Wants Germany’s Stimulus Plans to Back Cheap Green Power

GreenTechMedia

Any shortfall in that support should be covered by federal funding, including proceeds from the new carbon tax, Teyssen said Tuesday. Reduced demand during the coronavirus lockdown, coupled with ample wind and solar generation, has seen German power prices go negative, even more so than usual. This would hit consumers hard, E.ON

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UK Government’s Advisers Urge It to Back Hydrogen Economy in Stimulus Plans

GreenTechMedia

government’s official climate change advisory body is calling for fast-tracking investment in early-stage hydrogen infrastructure, as well as prioritizing carbon capture and storage and EV charging infrastructure, as immediate responses to the coronavirus outbreak. ’s final energy demand by 2050. billion) a year.

Hydrogen 196
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EU recovery package: Net zero launch pad or missed opportunity?

Business Green

As MEPs enter talks over EU Council's €1.8tr recovery package and budget deal, many key green questions remain. Of the overall €1.8tr package encompassing the recovery funding and the 2021-27 budget, EU leaders agreed that 30 per cent should be earmarked for the bloc's climate objectives and transition to net zero.

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Government unveils £100m plan to power up nuclear and hydrogen development

Business Green

The government confirmed £77m of new funding is to be made available to support the development of next generation nuclear reactors, alongside £25m for projects to produce hydrogen using sustainable biomass and waste that could deliver negative carbon emissions.