“Three Amigos” promise 50 percent clean power by 2025
U.S. President Barack Obama will meet Canadian Prime Minister Justin Trudeau and Mexican President Enrique Peña Nieto in Ottawa today for the final “Three Amigos” summit of his presidency.
The trio is expected to announce a new regional clean power target of generating at least 50 percent of of their total energy from clean sources by 2025. The goal applies across the continent — meaning it is an average for all three countries combined.
Currently, the countries’ collective clean power generation stands at around 37 percent. The new target will require the most significant commitment from the United States, which produces about 75 percent of the three nations’ combined power.
"We believe this is an aggressive goal, but for all three countries, one that we believe is achievable, continent-wide," said Brian Deese, a Senior Adviser to Obama.
The 50 percent goal will apply to any power generated without producing carbon dioxide emissions — including nuclear, wind, solar and hydro power. Deese has also said it could apply to electricity generated from power stations equipped with carbon capture and storage technologies.
In April, data from the U.S. Energy Information Administration revealed that roughly one-third of the country’s energy was generated via carbon-free sources, with renewables accounting for about 13 percent and nuclear making up almost 20 percent. Canada already generates more than eighty percent of its energy from renewable sources.
At present, Mexico produces less than 20 percent of its power from clean energy, but officials there have pledged to reach 35 percent by 2024.
Drax advances biomass strategy with Pinnacle acquisition
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).
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.