Hydrogen produced from renewable energy sources will account for 20% of Europe’s power consumption in 2050, and for 10% globally, a report published by Norwegian power company Statkraft on Thursday showed. Green hydrogen is produced by splitting water molecules with a current of renewable electricity in electrolysers. The gas is touted as a clean replacement […]
China, Moving Cautiously, Starts Carbon Trading Market
China has had regional carbon trading markets as pilot projects for several years.Earlier, European power utilities and other companies paid for Chinese polluters to add wind, hydro and solar generating capacity in exchange for being allowed to increase their own emissions. Chinese power companies bid for credits to emit carbon dioxide and other climate-changing gases […]
European power prices set to jump 30% by 2025
S&P said the supply gap would likely be filled by the rise in renewable solar capacity in Europe which could increase to 43% of the electricity mix from 23% in 2018 PARIS : European wholesale electricity prices could soar by around 30 per cent by 2025 due to a recovery in gas and carbon emissions […]
