Nov 24, 2014

By 2030, China Could take Top Spot as Largest User of Renewable Energy

2 min
When the U.S. and China announced their massive climate deal several weeks ago, there were many who were quick to point out that the deal was a hollo...

When the U.S. and China announced their massive climate deal several weeks ago, there were many who were quick to point out that the deal was a hollow one with China not actually intending to reduce its carbon emissions. There was even this humorous piece from The Onion:

However, in a new report out from the International Renewable Energy Association, China’s renewable energy share growth could grow fourfold in the span of 2010 to 2030. China can also expand renewables in the power sector from 20 to 40 per cent by 2030, which would make it the world’s largest renewable energy user.

“As the largest energy consumer in the world, China must play a pivotal role in the global transition to a sustainable energy future,” Adnan Z. Amin, Director-General of IRENA, said at a launch event in Beijing. “China’s energy use is expected to increase 60 per cent by 2030. How China meets that need will determine whether or not the world can curb climate change.”

China has a number of opportunityes to utilize more clean energy, especially as it aims to greatly reduce its carbon emissions.

“China can continue its leadership in renewable energy by accelerating action in this area,” Amin said. “If China acts now to implement more renewable energy, it can reduce air pollution, enhance energy security, benefit its economy, and play a leading role in fighting climate change.”

This would require a wholesale shift in China’s renewable energy policies, however, and actually enacting these policies is a lot more difficult than simply saying they will. For starters, annual investment of $145 is needed between now and 2030 to get China to the levels of renewables usage it’s aiming for. That’s a $54 billion increase in total beyond current investment projections.

There’s also a large potential for savings–from $55 to $228 billion–by 2030 in the realms of health and reduced emissions.

“REmap 2030 shows that China can achieve the energy revolution it’s aiming for—and that it can do so affordably,” Dolf Gielen, Director of IRENA’s Innovation and Technology Center, said. “It also gives China a higher goal to aspire to, stating that an energy mix with 26 per cent renewables is achievable by 2030.”

So, in all reality, can China be the largest user of renewable energy by 2030? Yes, though whether than happens or not remains a rather large question mark. 

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Apr 23, 2021

Drax advances biomass strategy with Pinnacle acquisition

Dominic Ellis
2 min
Drax is advancing biomass following Pinnacle acquisition it reported in a trading update

Drax' recently completed acquisition of Pinnacle more than doubles its sustainable biomass production capacity and significantly reduces its cost of production, it reported in a trading update.

The Group’s enlarged supply chain will have access to 4.9 million tonnes of operational capacity from 2022. Of this total, 2.9 million tonnes are available for Drax’s self-supply requirements in 2022, which will rise to 3.4 million tonnes in 2027.

The £424 million acquisition of the Canadian biomass pellet producer supports Drax' ambition to be carbon negative by 2030, using bioenergy with carbon capture and storage (BECCS) and will make a "significant contribution" in the UK cutting emissions by 78% by 2035 (click here).

Drax CEO Will Gardiner said its Q1 performance had been "robust", supported by the sale of Drax Generation Enterprise, which holds four CCGT power stations, to VPI Generation.

This summer Drax will undertake maintenance on its CfD(2) biomass unit, including a high-pressure turbine upgrade to reduce maintenance costs and improve thermal efficiency, contributing to lower generation costs for Drax Power Station.

In March, Drax secured Capacity Market agreements for its hydro and pumped storage assets worth around £10 million for delivery October 2024-September 2025.

The limitations on BECCS are not technology but supply, with every gigatonne of CO2 stored per year requiring approximately 30-40 million hectares of BECCS feedstock, according to the Global CCS Institute. Nonetheless, BECCS should be seen as an essential complement to the required, wide-scale deployment of CCS to meet climate change targets, it concludes.

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