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📰 Top 5 Climate News of this week: 1️⃣ #COP29: 🗾 Japan considers reducing #GHGemissions by 60% 2️⃣ Funding of #Hydrogen project in Germany💰 3️⃣ Partnership for an #FLNG project in Argentina 🤝 4️⃣ #COP29: First Biennial Transparency Report for the EU 🖋️ 5️⃣ Commission of a #CCGT power plant in Ghana 🚀 Get daily #energynews on our website!

📄 #analysis "The Role of #Hydrogen #Retrofitting in #Sustainable Mobility" Hydrogen holds great potential as an efficient solution for the future of transportation. Retrofitting existing vehicles serves not only as a cost-effective, but also a low impact solution to the electrification. In most cases, retrofitting road vehicles involves converting thermic motors to electric motors. However, hydrogen solutions are now emerging as an option for heavy-duty vehicles. Supported by government funding initiatives and a highly receptive market, retrofitting has become increasingly relevant and beneficial. Read the analysis 👉 https://lnkd.in/eZQSRYGn 🔹market dynamics, with various company examples 🔹retrofitting technologies and their advantages 🔹schemes and subsidies offering support from governments

[#COP29] Greater funding needed to meet #climate pledges and cope with the evolving #energy systems costs As COP29 delivered its outcome last weekend after two weeks of negotiations, one figure is to remember: US$ 300bn. 📄 This is the final quantum agreed by the parties in the context of the so-called New Collective Quantified Goal (NCQG). This funding will be allocated annually by the most developed countries to help tackle climate change impacts in developing countries. A step forward for some, a disappointment for others, who were asking for US$1.3tn to align with climate challenge's urgency. Indeed, substantial investments in decarbonised technologies and adaptation will need to be unlocked if countries want to align their emission pathways with Paris agreement-compatible trajectories. However, as emphasized by the UN Adaptation Gap Report 2024, the funding remain too low compared to the challenges. 💡This is the opportunity to have a look back at some great findings from our Global Energy Scenarios flagship publication and a recent analysis on Energy Systems Costs. In the energy sector, the cumulated costs of the global energy system shall increase by about 6% compared to a BaU scenario, in order to limit the temperature increase below 2°C. But the environmental cost of inaction is much higher. Some insights highlighting the urgent need for investments in the short-term and the evolution of the cost structure in the power sector are presented below. Free access to the publications here: 👉 Global Energy & Climate Scenarios through 2050: https://lnkd.in/dV3kpzNP 👉 Energy Systems Costs analysis: https://lnkd.in/gXVVFVjg

📆 December 3rd |🕚 11:00 AM CET Join us next week for a live #webinar with our expert, Jacques Després. He will share science-based projections and insights into climate-related challenges faced by the #building sector, including #heatpumps, insulation, and rooftop #solar PV. Jacques will leverage our internal models and expertise to analyse the evolution of the Energy Performance Certificates (#EPC) for buildings across several European countries. Stay tuned for a Q&A session at the end of the webinar to discuss your concerns. Rush to register 👉 https://lnkd.in/eJtVqfk8

📰 Top 5 #ClimateNews of this week: 1️⃣ #COP29: 🛑no more opening of #coal-fired power plants 2️⃣ New #NDC to reduce #GHGemissions 🎯 3️⃣ Suspension of #gas delivery to Austria ❌ 4️⃣ Power plant dedicated to #datacenter in the US 🧠 5️⃣ 🆕 #refinery in China Get daily #energynews on our website!

🆕Brazil unveiled its 2nd #NDC on 13th November 2024, leading the example on the climate scene as next COP host country. The country set a new mitigation target of 59% to 67% emissions reduction range in 2035, compared to 2005 levels 🎯. This represents a significant effort compared to historical #GHGemissions levels. However, this ambition seems currently quite unrealistic, as the 2nd NDC eludes any sectoral contributions to the mitigation target. The is uncertainty about the LULUCF potential to move from an emitter sector towards a carbon sink. Brazil also committed to gradually stop #fossilfuels, yet this latest Energy Plan (Ped 2034) plans an intensification of both oil and gas production.

[📄#analysis] ⚡Electricity generation in ASEAN Energy security is one of the largest challenges in Southeast Asia. ASEAN countries face a rapidly growing #energy demand, especially in the power sector. Electricity consumption is growing by more than 4% yearly since 2015. 📈 While countries like Laos, Cambodia, and Vietnam hold a significant share of renewables in their #powermix, others like Indonesia and the Philippines rely massively on coal. Overall, fossil fuels still represent 67% of the power capacities in the region. Moreover, combined #CO2emissions from #electricity generation increased by 60% since 2015. ➡ The region is marked by very heterogeneous countries in terms of resources and power mix. Decarbonizing the power sector is at the heart of ASEAN's transition pathways. In that sense, large-scale energy connectivity is key, with notably the ASEAN Power Grid being a massive project to foster cross-border trade for renewable power. Further insights are available here: Global Energy & CO2 data 👉 https://lnkd.in/dCsyErX Power Plant Tracker 👉 https://lnkd.in/eDwMC-D

📰 Top 5 #ClimateNews of this week: 1️⃣ First #EnergyLaw in China 📄 2️⃣ #Powergrid upgrade in Poland 🔌️ 3️⃣ #Nuclear reactor disqualified in Japan ❌ 4️⃣ #ShaleOil production increase in Argentina 🛢️ 5️⃣ #NuclearEnergy development in the US 📈 Get daily #energynews on our website!

[EXCLUSIVE #WEBINAR] Guiding future building investments: #CSRD, risk mitigation, and E-C scenarios As global #decarbonization takes a leap forward, one sector with significant potential to contribute is #buildings. Recent #EnergyClimate Scenarios as well as evolving policies — such as the EU's Corporate Sustainability Reporting Directive — can guide risk mitigation and support sustainable investments to help navigate this very transition. 🟡 what key indicators can be useful to characterize the building sector in #risksassessments and #energytransition scenarios? 🟡 How to leverage — and benchmark — various recent global Energy-Climate scenarios, thus showing how important the buildings sector is? To get the answers, join our webinar on December 3rd, registration is now open 👉 https://lnkd.in/eJtVqfk8 📆 December 3rd 🕚 11:00 AM CET 📍 Online webinar with live Q&A

📄 [#analysis] Natural gas prices and demand in Japan Japan is the 5th largest consumer of #naturalgas in the world. It accounts for 20% of the country's primary #energy consumption. Domestic #gas supply relies almost exclusively on LNG imports (2nd largest importer after China), exposing it to prices volatility. On the demand side, natural gas consumption trends vary across sector. The energy sector still absorbs two thirds of the gas supply, but the consumption is decreasing over years due to solar power development and the reopening of nuclear reactors. Leveraging EnerBlue scenario (aligned on updated NDCs) the small analysis provides insights on the potential trajectory of gas demand and prices in Japan. Access further country and sector level forecasts on energy supply, demand and prices in EnerFuture 👉 https://lnkd.in/eUJtcqhe