Welcome to our
COP27 - UN Climate Change Conference
edition of our weekly news round up.
Here are our top 5 news pieces for this week with key takeaways:
- ?At the
United Nations
Cop 27 climate conference in Sharm el-Sheikh, Egypt,
William S. Ruto
said his government has signed a "framework agreement" with an undisclosed investor "to produce 30GW of green hydrogen" in Kenya ??
- Ruto said that the #renewable power had potential to come from Kenya's wind, solar and geothermal sources ?
- Production of 30GW would be equivalent to three times the UK's overall low-carbon #hydrogen production target of 10GW for 2030 ??
- The
International Energy Agency (IEA)
expects that parts of Kenya could by 2030 produce renewable hydrogen at costs that are among the lowest on the continent ??
- ?The Closing the Gap: A Global Perspective report priorities five international collaboration actions to accelerate technology innovation and deployment internationally and achieve #NetZero as quickly, efficiently and affordably as possible. The report states the following ??:
- Hydrogen #innovation at the pace and scale needed requires more collaboration, testing, and demonstration facilities. ?
- #Carboncapture cost reduction will be achieved through the development of novel materials. ?
- Floating offshore wind can be boosted by collaboration on innovative and standardised modular substructures. ??
- Internationally aligned grid connection and transmission infrastructure will improve energy security. ?
- Shared industry data trust can unlock rapid development and adoption of new Net Zero solutions to #decarbonise industries globally ??
- “The current global #energycrisis puts #energysecurity under the spotlight. Urgent collaborative investment in new affordable low-carbon technologies is needed to accelerate innovation, reduce the costs of the energy transition, and deliver energy security,” said
Luca Corradi
, Innovation Network Director at the NZTC. ??
- The EU will sign three initial agreements for imports of renewable hydrogen at the #cop27 UN climate conference in Sharm el-Sheikh,
European Commission
president
Ursula von der Leyen
said ??
- An agreement with Kazakhstan was concluded on 7 November, and will be followed by deals with Namibia and Egypt ??
- The #eu will invest in the required infrastructure through the Global Gateway programme which was launched last year and has been endowed with €300bn ($299.5bn). The programme is intended to "deliver #sustainable and high-quality projects, taking into account the needs of partner countries and ensuring lasting benefits for local communities” ??
- Renewable hydrogen is among several areas covered by the agreement with Kazakhstan, alongside raw material supply chains and batteries and Kazakhstan's abundant #wind power generation capacity could allow for extensive renewable #hydrogen production in the country ??
- The government late last month signed an investment agreement with Hyrasia One, a subsidiary of German renewable project developer
Svevind AB
, for development of a 20GW renewable hydrogen project, one of the largest planned #globally. The project in the Mangystau region could produce around 2mn t/yr by 2032, equivalent to around one-fifth of the 10mn t/yr that the EU aims to import by the end of this decade ??
- Namibia and Egypt are also well placed for renewable hydrogen production at relatively low costs, as they can harness strong #solar and wind power. The EU's agreement with Namibia is expected to be signed on 8 November ?
- At least 18 countries have managed to cut their carbon #emissions consistently for more than a decade, the UN’s #climate science panel reported this year. The UK has successfully reduced emissions faster than most rich countries. Total UK #greenhousegasemissions have fallen 47.3 per cent since 1990 ??
- “As countries were heading to Paris in 2015, the world was on track to warm by around 3.5C this century. Now, we’re heading for more like 2.5C — and that’s based on firm policies already in place today, rather than vague promises for the future.” Said Simon Evans at the climate website
Carbon Brief
??
- The UK’s #climatechange Committee, an independent body which advises the government on how to meet its carbon targets, said in June that soaring #gasprices meant that meeting #netzero would flip from a 0.5 per cent cost to GDP by 2035, to a 0.5 per cent saving by 2035 ??
- The quality of the air that we breathe is improving ?
- America recently passed #legislation that commits the country to spending ￡318 billion on #cleanenergy . The package, which largely consists of incentives for key technologies such as #wind and #solar power, #electric cars and #hydrogen, is expected to deliver a 40 per cent emissions cut by 2030, not far off Biden’s target ??
- Globally, 91 per cent of the world’s GDP is covered by countries with a net zero target. That marks a rapid adoption of a relatively new idea: in 2019, the UK was the first big economy to pass a net zero law ??
- Giant #electrolysers are being built next to an #offshorewind farm in northeast England to split water and produce a clean supply of hydrogen ??
- Prime Minister
Rishi Sunak
has cemented the UK’s COP legacy with a series of announcements on #energytransition, #climatefinancing and forest and nature preservation, as he hands over the baton to Egypt at COP 27 ?
- The #ukgovernment will commit to triple funding for climate adaptation as part of that budget, from ￡500m in 2019 to ￡1.5bn in 2025 ??
- The PM will also confirm ￡65 million in funding for the Nature, People and Climate Investment Fund, which supports indigenous and local forest communities, and new financing for
Treevive
??
- The Prime Minister will announce a further ￡65.5 million for the #CleanEnergy Innovation Facility today, which provides grants to researchers and scientists in developing countries to accelerate the development of #cleantechnology ??
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