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www.eibi.co.uk US CLIMATE POLICY
Trump policies set to stall drop in carbon emissions
President Donald Trump’s dismantling of climate policy means the US will add an extra 7bn tonnes of emissions to the atmosphere from now until 2030, compared to meeting its former international climate pledges. Since winning office last November, he has issued a series of executive orders which, together with his so-called ‘One Big Beautiful Bill’, effectively terminates all earlier climate policies. Subsequently, Trump has signed yet
another executive order. This instructs all US government agencies to ‘strengthen provisions’ in the Act, repealing or modifying tax credits for solar and wind energy projects. In this latest executive order, Trump justifies his action by stating that “renewable energy resources are unreliable, expensive, displace more dependable energy sources, are dependent on foreign-controlled supply chains and are harmful to the natural environment and electric grid”.
According to analysis by the Carbon
Brief website, this means US greenhouse gas emissions are now set to drop to just 3% below current levels by 2030 – effectively flatlining. Compliance with the 2015 Paris Climate Agreement would require emissions to fall by 40%. This would leave the US around 2bn
tonnes short of its greenhouse-gas emissions target for that year, adding emissions equivalent to around 4% of the current global total each year. Analysts estimate that the effect of these policy rollbacks is that new solar capacity additions will drop by 29 GW by 2030 and around 140 GW by 2035. For wind power, the decrease is set to be 43GW by 2030 and 160GW by 2035. Trump is also warning that blackouts in
the US could increase 100 times by 2030 due to an expected increase in power demand brought on by AI, blaming the expected shortfall on the closures of coal and natural gas power plants.
Time-based matching set to reward
small-scale renewables Clean power company Good Energy is enhancing its hourly matching service by offering credits for electricity generated and used at the same time. The new service is designed to strengthen the commercial case for renewables whilst incentivising businesses to flex their usage to times when clean power is being generated through peer-to-peer power provision. The company says that the Hourly Matching Credit will provide a monetary
incentive for time-matching for both business customers and generators. It means the more matched power the more credits earned. Business customers can save money by aligning consumption with eligible generation and generators can be rewarded by responding to increased demand – encouraging time-based matching for both import and export. Nigel Pocklington, CEO at Good Energy, explains: “We have always prided ourselves on providing confidence to customers about the source of their renewable energy and a dependable route to market for renewable generators. Now we will be providing incentive to business customers to match and even more value back to small scale renewables. This new scheme will help to supercharge the growth of our commercial electricity supply business with our truly renewable PPA backed power, providing a system benefit in greening the grid and helping the country achieve clean power by 2030.” Returns under the Hourly Matching Credit scheme will vary based on matching performance, and there are no sign-up fees or other charges.
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