Dive Brief:
House Democrats unveiled legislation on Tuesday that would bring economy-wide greenhouse gas (GHG) emissions to net-zero by 2050, and cut emissions 50% below 2005 levels by 2030 or sooner.
The CLEAN Future Act proposes a national Clean Energy Standard that would require all retail electric providers to generate 100% of their power from zero-emissions resources by 2035, and 80% by 2030. It would also require the Federal Energy Regulatory Commission to update U.S. transmission policy in order to better integrate renewables onto the grid, and direct greater investment in energy storage, microgrids, distributed energy resources and more.
The bill also targets transportation electrification, environmental justice, economic transition for fossil fuel workers, building efficiency and more. It would also include major changes to the Federal Power Act (FPA) and the Public Utility Regulatory Policies Act (PURPA).
In September 2020, China’s President Xi Jinping told the U.N. General Assembly that the country is aiming to be carbon-neutral by 2060.
In December he set a 2030 wind and solar capacity goal of 1,200 gigawatts, up from around 450 GW today. The publication of China’s 14
th five-year plan, covering 2021-2025, is expected this month. It will likely include more details on the first stages of this path to net-zero carbon.
On Monday the nation’s grid company released its plan to make this happen.
The State Grid Corporation of China is the world’s largest utility company. As of 2020, it was responsible for the transmission of that 450 GW of installed wind and solar power. Tripling that in a decade will be quite a challenge.
Solar glassmaker posts another set of bumper figures
Xinyi has accelerated plans to add more furnaces this year and predicts the rebound in solar demand being driven, in part, by the desire of nations for a green recovery from Covid-19 will continue to keep supply tight.The solar boom witnessed in the second-half of a Covid-disrupted 2020-and related panel glass shortages-have prompted photovoltaic glass maker Xinyi Solar to almost double its dividend. The Chinese manufacturer today published an exuberant set of annual figures which featured plans to accelerate new production capacity amid confident predictions the new U.S. administration would .
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Petrolina Solar Ltd Participates In The Private Placement Of Lion Alternative Energy Plc
LONDON, UNITED KINGDOM, March 2, 2021 /EINPresswire.com/ Petrolina Solar Ltd, has decided to participate in the private placement of Lion Alternative Energy Plc. Such participation shall result in the development of more opportunities worldwide for the development and operation of green energy plans. It shall also contribute to development plans in poorer regions.
According to Mr Dinos Lefkaritis, Director and CEO of Petrolina, “the cooperation with Lion is an important element of our strategy in key markets that enjoy support from policy and legislation, which enhance the returns of utility scale energy projects.”