China cuts back on coal mining
China has announced that it will cease to approve any new coal mines for the next there years to address a coal supply glut and help combat its arising air pollution problem.
The announcement, made by China’s National Energy Agency (NEA), will also see around 1,000 existing small mines closed during 2016. It comes at a time where china has to pledge to peak its greenhouse gas emissions by 2030 and rapidly increase the proportion of renewable in its power mix.
New marine renewable energy test facility in Japan
A new marine renewable energy test facility for japan is being developed of a wave and tidal energy industry in the country.
Planning for the proposed Nagasaki Marine Energy Centre, in Nagasaki Prefacture, will benefit from advice from the European Marine Energy Centre (EMEC) in Orkney, Scotland. EMEC has signed a contract to provide advice on the development.
Renewable energy tax relief in US.
The US renewable energy industry has benefited from a largely unexpected extension to tax relief announced by US Congress at the end of 2015.
The Production Tax Credit for wind power has been extended to 2019 and the Investment Tax Credit for solar has been extended to 2022. However, the amount of credits available will be stepped down over these periods of account for the falling costs of renewable energy technologies.
Current framework to achieve 27% renewables across EU by 2030 Criticised for lack of teeth
The EU needs to implement a mechanism to ensure its 2030 renewable targets are monitored and enforced, and member state share the effort comfortably, says the UK House of Lords EU Committee.
The EU has a block-wide target of providing at least 27% of its energy consumption by renewables by 2030, but this currently not augmented with specific Member State targets- leading many to question how the goal will be achieved. The 2030 approach differs fundamentally form the EU’s 2020 renewable targets which has member state target that add up to the 20% total.
A report from the House of Lords EU Committee says that the 2030 will not be delivered unless it is backed by the monitoring and enforcement mechanism that acts as a guarantor for the agreement. The Committee has called on the European Council to ask the European Commission to introduce a mechanism the guarantees the agreement, and ensures Member States to live up their own commitments and fairly share the effort to meet the 2030 targets.
The report also calls on the UK government to do more to report on its own progress on energy and climate goals. The committee says the UK government should also be clearer about its own long –term renewable energy strategy and energy and climate targets to ensure that investors are confident to invest in energy for the long term.
Source: Energy World News June 2015