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The Latest Breaking News from Lauri Myllyvirta

China's Solar Goes From Supremacy To Oversupply

Strong state support and huge private investment have made China's solar industry a global powerhouse, but it faces new headwinds, from punitive tariffs abroad to a brutal price war at home.

International Business Times

Peter Dutton refuses to divulge costs of going nuclear at anticipated ‘could it work’ speech

Coalition’s lack of costings and absence of detail has been seized upon by critics of Australia’s potential landmark energy shift

The Guardian - AU

Growth in CO2 emissions leaves China likely to miss climate targets

Carbon intensity of the country’s economy remains high, despite rapid improvements in clean energy output

The Guardian - UK

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From China’s emissions to Australia’s offshore windfarms, things are moving on climate – some even in the right direction

There is an unprecedented global swing towards solar and wind power under way

The Guardian - AU

China and the U.S. pledge to step up climate efforts ahead of Biden-Xi summit

The nations promised to accelerate efforts to address climate change ahead of a major U.N. meeting on the issue, making plans to cut emissions of methane and other greenhouse gases besides CO2.

WEKU

China’s carbon emissions set for structural decline from next year

Emissions by world’s most polluting country could peak this year after surge in clean energy investments

The Guardian - UK

China May Soon Hit Peak Coal

In a major turning point for the world, China’s fossil fuel use is projected to decline starting in 2025.

Foreign Policy

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US says price caps on Russia's oil are cutting revenue nearly in half and weakening its economy

When the Group of Seven nations, the European Union and Australia last year announced a plan to cap the price of Russian oil, U.S. officials said it would deliver a most effective blow to Russia’s economy, undermining its greatest revenue source

The Independent UK

Moscow is betting big on its Arctic shipping route as the costs of invading Ukraine continue to mount

For the past decade, Vladimir Putin has been quietly pursuing his goal of transforming Russia's frozen northern coast into a global shipping hub to rival the Suez canal. It's a bet that appears to be paying off at a key moment.

ABC News

China is building six times more new coal plants than other countries, report finds

China permitted the equivalent of two new coal plants a week last year according to a new report. The country is also rapidly expanding its renewable energy.

WEKU

Confusion surrounds China’s energy policies as GDP and climate goals clash

Wave of permits for coal-fired power plants sparks concern as ambitions for GDP growth and lowering emissions come into conflict

The Guardian - UK

China doubles down on coal as energy crunch bites

Beijing (AFP) - China has stepped up spending on coal in the face of extreme weather, a domestic energy crunch and rising global fuel prices -- raising concerns Beijing's policies may hinder the fight against climate change.

AFP

Australian motorists may be unwittingly bankrolling Russia’s invasion of Ukraine, report finds

Analyst says tighter tracking of oil shipments needed to avoid Russia bypassing sanctions

The Guardian - AU

Australian motorists 'indirectly' fueling Russia's Ukraine invasion, CREA advocacy group claims

A new report says Australia and the US are indirectly importing supplies of Russian oil via Asian refineries, inadvertently helping to finance Vladimir Putin's war in Ukraine.

ABC News

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The Guardian - AU

China’s economy is losing momentum. What is happening and why does it matter for Australia?

Clouds are gathering over the economic powerhouse as Covid lockdowns, a distressed property market and population changes take a toll

Al Jazeera

Russia ‘earned’ $98bn in fuel exports in 100 days of Ukraine war

A new report says most exports went to European countries as Kyiv urges the West to sever all trade with Moscow.

The Independent UK

India, China growing markets for shunned Russian oil

India and other Asian nations are becoming an increasingly vital source of oil revenues for Moscow as the U.S. and other Western countries cut their energy imports from Russia in line with sanctions over its war on Ukraine

AFP

China to double wind, solar energy capacity by 2025

Beijing (AFP) - China aims to double its wind and solar capacity by 2025, according to a new road map that also allows for more coal-fired power plants to bolster energy security.

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The Independent UK

Carbon emissions dip, at least briefly, in China: study

China has seen a notable dip in its carbon emissions over the past three quarters — but it’s not clear how long the drop will continue

People

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International Monetary Fund

Global Energy Monitor

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