Biden loosens Nord Stream 2 pipeline sanctions, but startup challenges remain By Vanessa Dezem and Dina Khrennikova on 5/20/2021
Nord Stream 2 pipeline route
(Bloomberg) A natural gas pipeline linking Russia and Germany edged closer to completion after the Biden administration loosened sanctions of the controversial project, but significant hurdles remain before the fuel can start flowing under the Baltic Sea.
Bidenâs change in stance from Donald Trumpâs fierce opposition to the pipeline means Nord Stream 2 will likely get finished as soon as this year. But the sanctions left in place could make it hard to gain all the necessary approvals to start operations. This yearâs German election, where the Green Party are contenders to lead the next government, also clouds the picture.
U S Calls Effort to Halt Nord Stream 2 Pipeline a Long Shot
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IEA Drops Bombshell Report On Oil And Gas
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ANALYSIS-To tackle climate change, China must overhaul its vast power grid Reuters 4 hrs ago China to peak carbon emissions by 2030, neutral by 2060 Pledge could have major impact on global warming Upgrading China s electricity grid is a major hurdle
By Muyu Xu and John Geddie
BEIJING/LONDON, May 19 (Reuters) - One of the most pressing challenges for China to meet its pledge to cap carbon emissions this decade and pivot toward renewables is overhauling its electricity grid, the world s largest, officials and analysts say.
Beijing s surprise announcement last year that it would hit peak emissions by 2030 and become carbon neutral by 2060 could presage the biggest reduction in projected global warming of any climate commitment to date, researchers say.
EnvironmentAnalysis: To tackle climate change, China must overhaul its vast power grid
Muyu XuJohn Geddie
7 minute read
Power lines and wind turbines are pictured at a wind and solar energy storage and transmission power station of State Grid Corporation of China, in Zhangjiakou of Hebei province, China, March 18, 2016. REUTERS/Jason Lee
One of the most pressing challenges for China to meet its pledge to cap carbon emissions this decade and pivot toward renewables is overhauling its electricity grid, the world s largest, officials and analysts say.
Beijing s surprise announcement last year that it would hit peak emissions by 2030 and become carbon neutral by 2060 could presage the biggest reduction in projected global warming of any climate commitment to date, researchers say.