Our Scans · (ZY.4.08) Economics · Weekly Summary

• [New] The environmental danger of unchecked mega constellations has the potential to impact sustainability on Earth, including the potential for satellites to damage the Earth's atmosphere upon reentry. Space Watch Africa
• [New] A discovery at Inishkea West could provide security of gas supply for Ireland during the transition to renewable energy, which is in line with the EU's stated goals for diversity of gas supply. rigzone.com
• [New] Plaintiffs argue that South Korea's goal of reducing carbon emissions by 40% by 2030 compared to 2018 levels is insufficient - it will lead to disastrous climate change and violate their constitutional rights. NPR
• [New] One of the ways to improve energy efficiency is to tap the huge potential for efficiency gains in the building sector which is the largest single energy consumer in Europe, absorbing 40% of final energy. IEA
• [New] As the pioneer region in addressing global climate change, the EU proposed a target of 40% of gross final consumption of energy being met from renewable sources by 2030, with an additional indicative share of 49% renewables in the building sector. PubMed Central (PMC)
• [New] The great challenges faced by China require strategic planning and urgent efforts, while also providing new opportunities for long-term and high-quality development through technological revolution and industrial upgrades. PubMed Central (PMC)
• [New] Compared to developed countries, China as a developing country with a population of 1.4 billion, is facing greater challenges in achieving carbon neutrality before 2060, as energy demand will keep rising and the time from peak to zero emission is much shorter. PubMed Central (PMC)
• [New] To realize carbon neutrality before 2060, China will have to dramatically boost its energy utilization efficiency, diversify the use of energy sources, improve operation efficiency, and implement carbon capture and storage technologies. PubMed Central (PMC)
• [New] The pledge of achieving carbon peak before 2030 and carbon neutrality before 2060 is a strategic decision that responds to the inherent needs of China's sustainable and high-quality development, and is an important driving force for promoting China's ecological civilization constructions. PubMed Central (PMC)
• [New] Understanding the drivers of VPP participation is vital to meeting the U.S. Department of Energy's target to triple VPP deployment by 2030, which would improve grid reliability while reducing carbon emissions and saving an estimated $10 billion per year. Yahoo Finance
• [New] Green-Morgan went on to say the UK government will be aware of the need to protect the UK's national and economic security by taking immediate action to establish a reliable supply of critical minerals. Metal Tech News
• [New] Although the UK government is aware of the need to establish a secure supply of critical minerals to achieve its economic, net zero and defence ambitions, it will need to refine its approach to change the geopolitical status quo in the near term. Metal Tech News
• [New] While hosting the G20 Presidency for the first time, India championed a climate change-focused agenda, marked by getting the group of countries to agree to tripling global renewable energy capacity by 2030. Ember
• [New] Universal access to clean energy could help end poverty for 180 million women by 2050 and result in 6.5 million fewer deaths from indoor pollution. IISD Earth Negotiations Bulletin
• [New] Price parity between electric and ICE cars could be reached in other countries in certain segments by 2030, if the sales share of electric cars continues to grow, and if supporting infrastructure - such as for charging - is sustained. IEA
• [New] Electric car sales are projected to reach around 3.5 million units in 2024, reflecting modest growth of less than 10% compared to the previous year. IEA
• [New] If all announced projects are developed in full and on time, global recycling capacity could exceed 1500 GWh in 2030, of which 70% is in China, and about 10% each in Europe and the United States. IEA
• [New] Fujitsu today announced the development of a new technology that will enable Japanese companies to more easily participate in European Data Spaces, which form a digital framework for cross-company data sharing across different industries. Fujitsu Global
• [New] Even China is concerned that technologies like generative AI could be used as a tool to criticize authorities, which suggests there is an incentive for implementing certain regulations. Asia Pacific Initiative <
• [New] In the Sustainable Africa Scenario, grid investments rise from USD 10 billion per year today to USD 50 billion by 2030, requiring new financing models that are less reliant on limited state funds. IEA
• [New] In recent years, African countries have had to deal with a series of overlapping crises, including the Covid-19 pandemic, the energy and food crises following Russia's invasion of Ukraine and worsening climate risks. IEA
• [New] ABB's Onboard DC Grid power distribution system will ensure optimal use of energy sources, while ABB Ability Marine Remote Diagnostic System will enable the monitoring of onboard systems to maximize vessel uptime. MarineLink
• [New] New York will receive $158 million from the U.S. Department of Energy to implement a residential rebate program to help households install energy-efficient appliances. Utility Dive

Last updated: 26 April 2024