Energy | 11 September, 2023 at 9:08 AM
Electricity market needs new rules to integrate green energy
The electricity market needs new operating rules to integrate green energy and reach the net zero goal, a PwC report shows.
The electricity market needs new operating rules to integrate green energy and reach the net zero goal, a PwC report shows.
The production of green energy must increase eight times, to achieve global climate neutrality by 2050, according to a PwC analysis.
Sales of battery electric vehicles (BEVs) in the key European markets rose by 28% in 2022 from the previous year while global BEV sales grew by 70% year-on-year in 2022. It is estimated that electric vehicles beat internal combustion vehicles in terms of total cost of ownership, even at current electricity prices, according to PwC.
BAT aims to achieve a 50% reduction in our Scope 1, 2 & 3 emissions by 2030 and to be Net Zero across their value chain by 2050.
EBRD has agreed to invest up to €29.3 million in a green bond issuance by Poland's R.Power SA. This investment will secure funds for renewable energy projects.
Eolenerg Project has ordered 12 wind turbines to be installed in their new wind farm in Săcele, Constanța, with Vestas Wind Systems.
IEA's latest monitor shows wide variations in clean energy deployment among regions and technologies amid increased manufacturing capacity and declining costs.
The Bulgarian Ministry of Energy has approved €268 million in state aid for 249 renewable energy projects, including energy storage units.
