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Energy Transition

Energy Transition

China seeks to cap greenhouse gas emissions for first time

China is working on how to cap its greenhouse gas emissions for the first time, an effort that would spur the worldwide effort to hold back climate change. The world’s biggest producer of fossil fuel emissions has been studying for more than a year how and when it might be able to make its pollution levels peak and hopes to act as soon as possible, said Xie Zhenhua, China’s lead envoy to the United Nations global warming talks.

Energy Transition

E.On boss calls for an end to green energy subsidies

The boss of the world largest utility company has called for an end to subsidies for green energy developments. Johannes Teyssen, chief executive of the German company E.On, said mature technologies such as wind and solar power no longer needed special treatment. He told the annual conference of the European electricity industry body, Eurelectric, that the only people blocking debate about ending financial aid were those who “just want to harvest subsidies without accountability”.

Energy Transition

Warren Buffett’s $26billion renewables bet set to pay off

Warren Buffett’s $26 billion bet on western U.S. power plants, transmission lines and wind farms is poised to pay off. Buffett’s Berkshire Hathaway Inc., with the help of California’s grid operator, is moving to unite the holdings under a single market capable of dispatching power across seven states every five minutes. The system, designed to handle sudden swings in supply and demand, would revolutionise the markets from Oregon to Nevada, where 38 transmission operators manually balance their territories on an hourly basis. The move would be a game-changer for the renewables that Berkshire Hathaway Energy Co. has accumulated over the past decade, including two of the world’s largest solar farms, and for other clean-power producers, according to those who trade in the region’s markets. Berkshire’s plants stand to run for longer periods of time, and its NV Energy Inc. and PacifiCorp utilities will save as much as $63.9million annually by 2017, Energy and Environmental Economics Inc. reports show.

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BT agrees massive wind energy deal

BT is buying 50% of the electricity generated by the 48-turbine Fallago Rig windfarm in the Scottish Borders in a deal worth around £300million over two years.