ABD launches South, Southeast Asia clean transition fund

Alongside the GEAPP, the bank will support projects in India, Indonesia, Vietnam, Pakistan, and Bangladesh

 14 April 2023  Other News[Image: Peter Franken/Unsplash] Renews.biz

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The Asian Development Bank (ADB) and the Global Energy Alliance for People and Planet (GEAPP) have launched a new capital fund to accelerate clean energy access and transitions in countries across South and Southeast Asia including India, Indonesia, Vietnam, Pakistan, and Bangladesh.

GEAPP will provide an initial US$35m of catalytic capital towards the fund, which will be established and administered by ADB. 

With this partnership ADB and GEAPP aim to address the challenges of climate change and energy access and transition in Asia and beyond.

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Germany bids farewell to its last nuclear plants, eyes hydrogen future

By FRANK JORDANStoday

FILE - Water vapor rises from the RWE nuclear power plant Emsland in Lingen, western Germany, March 18, 2022. Germany is shutting down this nuclear power plant and two others on Saturday, April, 2023, as part of an energy transition agreed by successive governments. (AP Photo/Martin Meissner, File)

FILE – Water vapor rises from the RWE nuclear power plant Emsland in Lingen, western Germany, March 18, 2022. Germany is shutting down this nuclear power plant and two others on Saturday, April, 2023, as part of an energy transition agreed by successive governments. (AP Photo/Martin Meissner, File)

LINGEN, Germany (AP) — For 35 years, the Emsland nuclear power plant in northwestern Germany has reliably provided millions of homes with electricity and many with well-paid jobs in what was once an agricultural backwater.

Now, it and the country’s two other remaining nuclear plants are being shut down. Germany long ago decided to phase out both fossil fuels and nuclear power over concerns that neither is a sustainable source of energy.

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Global Electricity Review 2023

Ember-climate.org

Wind and solar reached a record 12% of global electricity in 2022, and power sector emissions may have peaked.

Malgorzata Wiatros-Motyka

Senior Electricity Analyst

12 April 2023 | 85 min read

Ember’s fourth annual Global Electricity Review aims to provide the most transparent and up-to-date overview of changes in global electricity generation in 2022 and a realistic summary of how “on track” the electricity transition is for limiting global heating to 1.5 degrees.

The report analyses electricity data from 78 countries representing 93% of global electricity demand and includes estimated changes in the remaining generation. It also dives deeper into the top ten CO2 emitting countries and regions, accounting for over 80% of global CO2 emissions.

We make all of the data freely accessible to empower others to do their own analysis and help speed the switch to clean electricity. Use our Data Explorer to find out more.

Thank you to all of the contributors at Ember and to the peer reviewers on the Advisory Board.

Download report >>

Global Electricity Review 2023

Wind and solar reached a record 12% of global electricity in 2022, and power sector emissions may have peaked.

Malgorzata Wiatros-Motyka

Senior Electricity Analyst

12 April 2023 | 85 min read

Avail

About

Ember’s fourth annual Global Electricity Review aims to provide the most transparent and up-to-date overview of changes in global electricity generation in 2022 and a realistic summary of how “on track” the electricity transition is for limiting global heating to 1.5 degrees.

The report analyses electricity data from 78 countries representing 93% of global electricity demand and includes estimated changes in the remaining generation. It also dives deeper into the top ten CO2 emitting countries and regions, accounting for over 80% of global CO2 emissions.

We make all of the data freely accessible to empower others to do their own analysis and help speed the switch to clean electricity. Use our Data Explorer to find out more.

Thank you to all of the contributors at Ember and to the peer reviewers on the Advisory Board.

Executive summary

Wind and solar reach a record 12% of global electricity in 2022

As soon as 2023, wind and solar could push the world into a new era of falling fossil generation, and therefore of falling power sector emissions.

The global electricity sector is the first sector that needs to be decarbonised, in parallel with electricity demand rising, as electrification unlocks emissions cuts throughout the entire economy. The IEA Net Zero Emissions scenario points to a 2040 net zero power sector; ten years ahead of a net zero economy in 2050. Tracking the electricity transition, therefore, is critical to assess our climate progress.

The decarbonisation of the power sector is underway, as record growth in wind and solar drove the emissions intensity of the world’s electricity to its lowest ever level in 2022. It will be an impressive moment when power sector emissions begin to fall year-on-year, but the world is not there yet, and emissions need to be falling fast.

  • 01 Electricity at its cleanest, as wind and solar generate 12% of global power. The carbon intensity of global electricity generation fell to a record low of 36 gCO2/kWh in 2022, the cleanest-ever electricity. This was due to record growth in wind and solar, which reached a 12% share in the global electricity mix, up from 10% in 2021. Together, all clean electricity sources (renewables and nuclear) reached 39% of global electricity, a new record high. Solar generation rose by 24%, making it the fastest-growing electricity source for 18 years in a row; wind generation grew by 17%. The increase in global solar generation in 2022 could have met the annual electricity demand of South Africa, and the rise in wind generation could have powered almost all of the UK. Over sixty countries now generate more than 10% of their electricity from wind and solar. However, other sources of clean electricity dropped for the first time since 2011 due to a fall in nuclear output and fewer new nuclear and hydro plants coming online.
  • 02 Limited coal increase, gas plateaus. Power sector emissions rose in 2022 (+1.3%), reaching an all-time high. Electricity is cleaner than ever, but we are using more of it. Coal generation increased by 1.1%, in line with average growth in the last decade. The ‘coal power phasedown’ agreed at COP26 in 2021 may not have begun in 2022, but also the energy crisis didn’t lead to a major increase in coal burn as many feared. Gas power generation fell marginally (-0.2%) in 2022–for the second time in three years–in the wake of high gas prices globally. Gas-to-coal switching was limited in 2022 because gas was already mostly more expensive than coal in 2021. Only 31 GW of new gas power plants were built in 2022, the lowest in 18 years. But 2022 saw the lowest number of coal plant closures in seven years, as countries look to maintain back-up capacity, even as the transition picks up speed. 
  • 032022 may be “peak” power emissions. Wind and solar are slowing the rise in power sector emissions. If all the electricity from wind and solar instead came from fossil generation, power sector emissions would have been 20% higher in 2022. The growth alone in wind and solar generation (+557 TWh) met 80% of global electricity demand growth in 2022 (+694 TWh). Clean power growth is likely to exceed electricity demand growth in 2023; this would be the first year for this to happen outside of a recession. With average growth in electricity demand and clean power, we forecast that 2023 will see a small fall in fossil generation (-47 TWh, -0.3%), with bigger falls in subsequent years as wind and solar grow further. That would mean 2022 hit “peak” emissions. A new era of falling power sector emissions is close.

Download report >>

ASEAN Taxonomy for Sustainable Finance – Version 2

asean.org

ASEAN FINANCE SECTORAL BODIES RELEASE ASEAN TAXONOMY FOR SUSTAINABLE FINANCE
VERSION 2
The ASEAN Taxonomy Board (ATB), representing ASEAN finance sectoral bodies, today took the next
step towards meeting the Paris Agreement commitments, with the release of the ASEAN Taxonomy
for Sustainable Finance Version 2 (Version 2). While the first version laid out the broad framework of
the ASEAN Taxonomy, Version 2 consists of the (a) complete Foundation Framework comprising
detailed methodologies for assessing economic activities; and (b) Technical Screening Criteria (TSC)
for the first focus sector ie Electricity, Gas, Steam and Air Conditioning Supply sector (Energy sector)
under the Plus Standard. TSCs for other focus sectors will be published in the subsequent versions of
the ASEAN Taxonomy. Version 2 builds on the conceptual thinking of the multi-tiered framework
outlined in Version 1. The multi-tiered framework is intended to facilitate transition of ASEAN Member
States (AMS) recognising the diversity in economic development, financial sector, and infrastructure
maturity.
Through the Foundation Framework which adopts a principles-based approach, users are now able to
qualitatively assess economic activities using guiding questions, decision trees and use cases for all
the four environmental objectives(EOs) and three essential criteria (EC). The environmental objectives
and essential criteria, as well as guiding questions that make up the Foundation Framework are
designed to be readily applicable to all AMS as well as stakeholders in the financial sector and business
enterprises. Using the guiding questions, activities are classified as Green, Amber or Red.
The Plus Standard adopts a more advanced assessment and methodology that is based on specific TSC
and science-based thresholds in classifying activities. To further encourage and recognise transition
efforts by businesses, the Plus Standard contains Amber Tier 2 and Amber Tier 3 classifications which
will be retired over time. This is in addition to the Green tier that is aligned with other relevant
international taxonomies and benchmarked to the 1.50C Paris Agreement target.
.
Version 2 also highlights the importance of social aspects in the Taxonomy, by incorporating it as the
ASEAN Taxonomy’s third EC, alongside “Do No Significant Harm” (DNSH) and “Remedial Measures to
Transition” (RMT). In combination with other features such as the expansion of the “Do No Significant
Harm” criteria, common building blocks are established to enable an orderly and just transition and
foster sustainable finance adoption by ASEAN countries.
In considering ASEAN’s specific circumstances, the Taxonomy recognises efforts to the early
retirement of coal-fired power plants. A global first for a regional taxonomy, the ATB has thoroughly
considered how and where coal phase-outs (CPOs) can play a role in decarbonisation in support of the
Paris Agreement goals and when approached correctly, provides a powerful tool for transition.

The ASEAN Taxonomy Version 2 can be found at the following websites: • Association of Southeast Asian Nations – https://asean.org/wpcontent/uploads/2023/03/ASEAN-Taxonomy-Version-2.pdf

Saudi Arabia và Iran: Bán anh em xa…

SÁNG ÁNH 25/03/2023 13:32 GMT+7

TTCTSaudi Arabia làm lành với Iran mở ra hy vọng về một Trung Đông bớt đi những tang thương bom đạn.

4 h sáng 14-9-2019, quân Houthi (thân Iran) từ Yemen bắn qua Saudi 25 máy bay không người lái, có lẽ giá thành là 15.000 USD một chiếc, tức tổng trị giá 375.000 USD. 19 chiếc trúng đích là khu Nhà máy dầu Abqaiq-Khurais, làm tê liệt sản xuất trong hai tuần. 

Khu nhà máy này chiếm 1/2 sản xuất dầu của Saudi (mà dầu của Saudi thì chiếm 5% của thế giới) – khoảng 5,7 triệu thùng/ngày.

Cuộc tấn công khiến Saudi mất 365 triệu đô la một ngày với giá dầu lúc đó là 64 USD/thùng. Tuy dần dà cũng khắc phục được, thị trường chứng khoán Saudi mất ngay 40 tỉ USD. 

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Doanh nghiệp mòn mỏi chờ cơ chế đấu nối điện mặt trời – “Mắc cạn” điện mặt trời, điện gió (3 bài)

VNE – Thứ tư, 22/2/2023, 20:32 (GMT+7)

Doanh nghiệp mòn mỏi chờ cơ chế đấu nối điện mặt trời

Hai năm kể từ khi Tập đoàn Điện lực Việt Nam (EVN) công bố tạm ngừng đấu nối điện mặt trời mái nhà, các doanh nghiệp vẫn mòn mỏi chờ cơ chế.

Băn khoăn về chính sách điện mặt trời được nhiều doanh nghiệp nêu tại buổi giám sát Việc thực hiện chính sách, pháp luật về phát triển năng lượng giai đoạn 2016-2021 của Đoàn đại biểu Quốc hội TP HCM, ngày 22/2.

Tổng giám đốc Công ty Sao Nam Nguyễn Thượng Quân, chuyên sản xuất điện mặt trời, cho biết Việt Nam khuyến khích phát triển điện mặt trời từ năm 2016, nhiều doanh nghiệp và người dân đua nhau đầu tư. Lượng điện này sẽ hoà vào mạng lưới quốc gia và được EVN mua theo giá FIT 2 trong vòng 20 năm. Tuy nhiên, chính sách này hết hiệu lực vào 31/12/2020, từ đó đến nay, hệ thống điện mặt trời không còn được đấu nối vào lưới điện.

Lắp đặt điện mặt trời mái nhà tại TP HCM. Ảnh: EVNHCM.

Tiếp tục đọc “Doanh nghiệp mòn mỏi chờ cơ chế đấu nối điện mặt trời – “Mắc cạn” điện mặt trời, điện gió (3 bài)”

Mapped: Asia’s Biggest Sources of Electricity by Country

element.visualcapitalist.com

Mapped: Asia’s Biggest Sources of Electricity by Country

Mapped: Asia’s Biggest Sources of Electricity by Country

The International Energy Agency (IEA) predicts that Asia will account for half of the world’s electricity consumption by 2025, with one-third of global electricity being consumed in China.

To explore how this growing electricity demand is currently being met, the above graphic maps out Asia’s main sources of electricity by country, using data from the BP Statistical Review of World Energy and the IEA.

A Coal-Heavy Electricity Mix

Although clean energy has been picking up pace in Asia, coal currently makes up more than half of the continent’s electricity generation.

No Asian countries rely on wind, solar, or nuclear energy as their primary source of electricity, despite the combined share of these sources doubling over the last decade.

 % of total electricity mix, 2011% of total electricity mix, 2021 
Coal55%52% 
Natural Gas19%17%
Hydro12%14%
Nuclear5%5%
Wind1%4%
Solar0%4%
Oil6%2%
Biomass1%2%
Total Electricity Generated9,780 terawatt-hours15,370 terawatt-hours

The above comparison shows that the slight drops in the continent’s reliance on coal, natural gas, and oil in the last decade have been absorbed by wind, solar, and hydropower. The vast growth in total electricity generated, however, means that a lot more fossil fuels are being burned now (in absolute terms) than at the start of the last decade, despite their shares dropping.

Following coal, natural gas comes in second place as Asia’s most used electricity source, with most of this demand coming from the Middle East and Russia.

Zooming in: China’s Big Electricity Demand

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The US Energy Department’s hydrogen gamble: Putting the cart before the horse

February 28, 2023

Suzanne Mattei and David Schlissel and Dennis Wamsted, IEEFA

  

It’s a problem of timing. The U.S. Department of Energy (DOE) is about to make decisions on whether to fund methane-based hydrogen hubs, when it does not yet know whether such hubs will be clean enough to qualify—reliably and over the long term—for the grant of funding. Charging ahead without that knowledge is putting the cart before the horse.

The federal Bipartisan Infrastructure Act of 2021, Section 40314, authorizes the DOE to invest billions of dollars to commercialize technologies that strengthen U.S. energy independence and cut carbon emissions. The statute allocates $8 billion for building regional clean hydrogen hubs. These hubs are not experimental pilot projects (funding for which is established in another section of the law), but rather infrastructure development projects to establish jobs-generating, hydrogen-based industrial centers. The program is designed to encourage hydrogen production not only from electrolysis of water, but also from chemical processing of methane from natural gas—if the carbon emissions can be captured efficiently enough to qualify the project as “clean.”

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Russia sanctions and gas price crisis reveal danger of investing in “blue” hydrogen

May 23, 2022

Arjun Flora and Ana Maria Jaller-Makarewicz IEEFA

Download as PDF

Key Findings

Elevated gas prices and a future tight market means blue hydrogen is no longer a low-cost solution.

IEEFA estimates that blue hydrogen costs published by the UK government last year are now 36% higher, calling into question continued policy support for development of the technology.

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Tái cơ cấu ngành Công thương: Loại bỏ bao cấp, độc quyền ngành năng lượng

Đề án tái cơ cấu ngành Công thương đến năm 2030 nêu rõ, kiên quyết loại bỏ bao cấp, độc quyền, thiếu minh bạch ngành năng lượng.

baogiaothong.vn

Phó Thủ tướng Chính phủ Trần Hồng Hà vừa ký Quyết định 165/QĐ-TTg phê duyệt Đề án tái cơ cấu ngành Công Thương giai đoạn đến năm 2030.

Mục tiêu tổng quát của Đề án là tái cơ cấu ngành Công thương nhằm thúc đẩy chuyển dịch cơ cấu nền kinh tế, nâng cao năng suất, chất lượng, giá trị gia tăng và năng lực cạnh tranh của ngành…

Với mục tiêu này, Bộ Công thương cũng được đề ra từng nhiệm vụ cụ thể, bao gồm: Tái cơ cấu ngành công nghiệp, tái cơ cấu ngành năng lượng, tái cơ cấu lĩnh vực xuất nhập khẩu, tái cơ cấu thị trường trong nước và hội nhập kinh tế quốc tế.

tái cơ cấu ngành công thương: loại bỏ bao cấp, độc quyền ngành năng lượng

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Trợ cấp nhiên liệu đi ngược xu hướng phát triển bền vững

Song Hảo – Thứ Bảy, 10/09/2022

(KTSG) – Đức đã quyết định tăng thêm 40 tỉ euro (40 tỉ đô la) cho trợ cấp năng lượng để giúp người dân đỡ gánh nặng chi tiêu trong mùa đông khắc nghiệt sắp tới. Trong khi đó, Indonesia lại quyết định tăng giá nhiên liệu thêm 30% sau khi lo ngại ngân khố không kham nổi.

Hai chính sách có vẻ trái chiều của hai nền kinh tế lớn nhất EU và ASEAN buộc các nhà quan sát nhìn lại mặt trái của chính sách trợ cấp nhiên liệu. Liệu người nghèo có được bảo vệ tốt hơn trong các chính sách này và liệu các gói trợ cấp như vậy có đang song hành với trào lưu năng lượng sạch trên toàn cầu.

Tiếp tục đọc “Trợ cấp nhiên liệu đi ngược xu hướng phát triển bền vững”

Vietnam feels impact of Russia-Ukraine war in energy prices, defence industry

channelnewsasia.com

Vietnam’s state utility EVN says it could run out of cash by May unless it raises electricity prices.

Vietnam feels impact of Russia-Ukraine war in energy prices, defence industry
After China and India, Vietnam has the world’s third-largest pipeline of new coal power projects (Photo: AFP/STR)

HANOI: Vietnam may be thousands of kilometres away from the Russia-Ukraine war, but it is feeling the effects of the conflict, particularly in energy prices and its defence industry.

The Southeast Asian country is seeking to hike electricity prices for the first time since 2019 amid the ongoing global energy crisis, following record losses by its state utility.

Vietnam produces around 40 million tonnes of coal each year and imports another 29 million tonnes or so, with most of the coal going towards fuelling the country’s power plants.

However, the cost of doing so has increased exponentially.

“Because of the conflict between Russia and Ukraine, the price of coal in the global market in 2022 has increased by sixfold since 2020, and by 2.6-fold since 2021,”  said chairman of Vietnam Valuation Association Nguyen Tien Thoa. 

Vietnam’s state utility EVN has forecast it could run out of cash by May this year unless it raises electricity prices. This comes as the firm expects combined losses of nearly US$4 billion for 2022 and this year.

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Gas: a history of Energy Security in the EU. And what’s next post-Russia?

February 14, 2023 by James Kneebone

energypost.eu

The security of supply of gas has been the hottest topic of the last 12 months since Russia invaded Ukraine. James Kneebone at the Florence School of Regulation (FSR) has written an explainer that lays out the EU’s history of dealing with energy security, going back to the 1990s. Because the EU has a single market for natural gas and widely shared value chains (pipelines, LNG terminals, storage, etc.), impacts are felt across the bloc. But that interconnectedness is also a strength and the basis for ensuring security across the region. Kneebone also details the updated regulations that are behind the drive to build in new capacity and obligations for solidarity between Member States. It means that today, the coordination and cooperation for allocating resources and delivering better energy security are stronger than ever.

What is security of supply?  

The European Environment Agency (EEA) define security of energy supply as “…the availability of energy at all times in various forms, in sufficient quantities, and at reasonable and/or affordable prices.” In the context of gas security of supply specifically, the concept refers to the provision of gaseous energy, namely ‘natural gas’[1].

What does a security of supply risk look like?  

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Turmoil in global LNG markets is curbing long-term demand growth

February 15, 2023, IEEFA

  

Key Takeaways:

Russia’s invasion of Ukraine upended global LNG markets last year—spurring Europe to buy record amounts of LNG, and pushing prices to their highest level ever

In Asia, LNG has earned a reputation as an expensive and unreliable fuel source, clouding future demand

The EU is taking aggressive steps to trim gas consumption, which could render new LNG import capacity unneeded

Although LNG markets may remain tight for several years, the global LNG market will see a wave of new projects coming online in 2025-27—potentially leading to a supply-demand mismatch and financial risks for LNG suppliers and traders

_________

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Big Oil’s Big Lies: How the industry denied global warming – 2 parts

Big Oil’s Big Lies: How the industry denied global warming – Part 1 | People and Power

https://www.youtube.com/watch?v=Oq8_YRXjJk4

Big Oil’s Big Lies: How the industry denied global warming – Part 2 | People and Power

https://www.youtube.com/watch?v=ujOrbr5hKRE

Al Jazeera English – 9-2-2023

More than 40 years ago, the world’s largest and most profitable oil companies began to understand the effects their products were having on our climate. Their own scientific research told them so – well before it became common knowledge.

But for the next four decades – time we could have better spent transitioning to greener forms of energy – they sought to discredit and downplay evidence of global warming and the calamities it would lead to; wildfires, rising sea levels, extreme storms and much else besides. Tiếp tục đọc “Big Oil’s Big Lies: How the industry denied global warming – 2 parts”