Net zero power sector at risk across all G7 countries

Climate think tank E3G has found that the delivery of G7 net zero power targets is at risk, with the UK needing to address various aspects of its transition, particularly in renewable energy share and gas dependency. The organisation’s G7 Power Systems Scorecard analyses the progress being made by G7 countries towards a decarbonised power

National carbon trading system to cover 15% of emissions

India’s national emissions trading system should begin operating within two years and could cover about 15% of the country’s emissions by 2030, according to an official involved in the preparations.  The market is likely to initially cover heavily polluting industries including steel, cement, paper and pulp, petrochemicals and aluminum, subject to their readiness, said Abhay

Power sector emissions reached record high in 2021

The early 2022 edition of the Agency’s bi-annual Electricity Market Report has just been published, revealing how nations are largely turning to fossil fuels to meet the increase in electricity demand as Covid-19 lockdown restrictions are lifting. According to the report, the global electricity demand rose 6 per cent year-on-year in 2021 – the steepest