‘Dual circulation’ has one thing in common with many other major Chinese policy initiatives in that it’s not immediately apparent from its name as to what it means. First raised during a Politburo meeting in May, President Xi introduced this new strategy at the annual ‘Two Sessions’ later that month. It is clear that China’s leadership intends dual circulation to become an important part not only of China’s policy agenda for the next 12 months but to also feature prominently in the upcoming 14th five-year plan (2021-2025).
Mobile electricity storage systems (MESS) – batteries that are charged and then transported – could offer one of the best scenarios for electrification across the vast Indonesian archipelago, which spans more than 17,000 islands. A team at the University of Indonesia is working with multiple government agencies to bring the idea to scale and provide affordable electricity to rural Indonesians.
San Francisco has now joined other US cities in banning natural gas in new homes. The move is in stark contrast to the direction of energy policy in Australia, where the Morrison government seems stuck in reverse: spruiking a gas-led economic recovery from the COVID-19 pandemic.
Few doubt that aluminium frames will be a part of the solar module for some time to come. And with PV manufacturing continuing to scale, the carbon footprint of this versatile metal may prove a sustainability challenge.
It’s been a busy couple of months in global energy and climate policy. Australia’s largest trading partners – China, South Korea and Japan – have all announced they will reach net-zero emissions by about mid-century. In the United States, the incoming Biden administration has committed to decarbonising its electricity system by 2035.
It remains unclear why Chairman Jin Baofang was detained, but the company said its operations will not be affected. The Paper, a Chinese state-owned media outlet, reported that Jin’s detention might be connected to the fall of Liu Baohua, the formal deputy director of the National Energy Administration, which has also been under investigation by the anti-corruption authorities since mid-October.
“We need a ‘deployment’ energy secretary,” Generate Capital President Jigar Shah said several years ago. “One who understands how entrepreneurs move from research to revenue. One who understands the difference between venture capital and project finance.”
Soaring fossil fuel prices have caused the scaling back or closure of Australian mines, resulting in production and job losses at a massive scale. More recently with the added consideration of carbon emissions, energy represents both a risk and an opportunity for this sector.
Biden has made a long list of promises and commitments to the environment and future of clean energy if elected. Which of these promises could we see immediate action on and which are years down the line?
Australia doesn’t yet export renewable energy. But the writing is on the wall: demand for Australia’s fossil fuel exports is likely to dwindle soon, and we must replace it at massive scale.
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