Weekly Climate Roundup #13
#carbon #tax #price #tidal #renewable #power #emissions #co2 #energytransition
¿Qué pasa chavales? This week: China emissions reduced? Finally a real scalable tidal energy solution? The difficulties of the energy transition, nobody said it was going to be easy, right? The carbon market is developing, here’s a view of the countries that have already put a price on it.
CHART OF THE WEEK - China’s CO2 emissions see first quarterly fall since post-lockdown surge
China’s carbon dioxide (CO2) emissions fell by around 0.5% in the third quarter of 2021 compared to a year earlier, new analysis for Carbon Brief shows.
The year-on-year decline in emissions from fossil fuels and cement is a marked turnaround from the approximately 9% increase in the first half of the year, when the Chinese economy surged back from the coronavirus pandemic on a wave of stimulus spending.
Moreover, the declining trend in the third quarter steepened into September – the first month during which monthly emissions returned to 2019 levels – and looks set to deepen further in October, based on preliminary data.
Sustainable Marine to Deliver Atlantic Canada’s First Instream Tidal Energy in 2022
Sustainable Marine is set to demonstrate that Nova Scotia can produce vast amounts of clean and predictable energy from its world-famous tidal streams, after completing construction of its substation at Grand Passage.
“We are on target to connect the platform to the substation in the first quarter of next year,” said company CEO Jason Hayman while attending the annual Marine Renewables Canada conference in Halifax this week. “This will be a significant milestone for marine energy in Nova Scotia as it will be the first floating tidal platform to connect directly into the power grid.”
The firm has now successfully constructed an onshore electrical substation in the Bay of Fundy, which will harness the untapped power from some of the world’s highest tides via the PLAT-I tidal energy platform – which is now installed and due to be grid-connected and generating energy by early 2022.
Why the Energy Transition Will Be So Complicated
A deep analysis on the complexities of the competing demand between climate action and the need for energy
MAP OF THE WEEK - Explicit carbon prices around the world 2020
Explicit carbon pricing systems - a tax or a carbon market - continue to develop around the world.
As of April 1st, 2020, 44 countries and 31 provinces or cities are operating a carbon pricing scheme, through a carbon tax and/or an Emissions Trading System (ETS). Together, these jurisdictions account for around 60% of global GDP. 3 new countries have implemented an explicit price on carbon over the past year: Canada, South Africa and Singapore.
If you want to send us an idea or a tip, a #ClimateTech company that we should have a look at, or if you have any questions, please reach us at: davidcongeof@gmail.com or arraiz.p.daniel@gmail.com.
Thank you for supporting Explorationists and ClimateTech Talks