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The chairman of the Energy Transitions Commission has highlighted the role both companies and governments can play when it comes to reducing emissions, emphasizing the importance of the upcoming COP26 summit on climate change.

In a wide-ranging interview with CNBC’s “Squawk Box Europe” at the end of last week, Adair Turner was asked if meaningful action was actually taking place when it comes to corporate announcements related to ESG — a term which stands for environmental, social and governance — or if these lacked substance.

“A lot of meaningful action is taking place,” Turner said. “The problem is that it’s five to ten years later than it should have occurred – but it’s still good news.”

He went on to note that companies and countries across the world were “now making clear commitments and taking clear actions” to cut their emissions.

“Almost everybody has now agreed that we’ve got to get the global economy to about zero emissions by 2050,” Turner, who chaired the U.K.’s Financial Services Authority between 2008 and 2013, said.

“The other bit of good news is that the technologies to do that — the technologies of renewables, of batteries, of electrolyzing hydrogen — have ended up being far cheaper and easier to apply than we dared hope 10 years ago,” he said.

According to the foreword of a recent report from the International Renewable Energy Agency, the cost of electricity from utility scale solar photovoltaics dropped by 85% in the period 2010 to 2020. For onshore wind, costs fell by 56%, while offshore wind saw a decline of 48%.

The report from IRENA also states that, in the U.S., the price of utility scale battery storage decreased by 71% between 2015 and 2018.
 
The production of hydrogen using renewables and electrolysis — sometimes called ‘green’ hydrogen — remains expensive, but efforts are also being made to lower costs.

In June, the U.S. Department of Energy launched its Energy Earthshots Initiative and said the first of these would focus on cutting the cost of “clean” hydrogen to $1 per kilogram (2.2 lbs) in a decade. According to the DOE, hydrogen from renewables is priced at around $5 a kilogram today.

COP26

Looking at the bigger picture, Turner acknowledged that while the technologies were there and a lot of companies were taking action, even stronger commitments would be needed at COP26, which will be held in the Scottish city of Glasgow from October 31 to November 12.

“In particular, we now need to focus not just on how do we get to zero emissions by 2050, but how do we get really serious emission reductions in methane as well as CO2 — I want to stress that point — in the 2020s,” he said. “We’ve really got to get the action in place now.”

A lot is riding on COP26, which was due to take place last year but postponed because of the coronavirus pandemic. The U.K.’s official website for the summit says it will “bring parties together to accelerate action towards the goals of the Paris Agreement and the UN Framework Convention on Climate Change.”

Described by the United Nations as a legally binding international treaty on climate change, the Paris Agreement, adopted in late 2015, aims to “limit global warming to well below 2, preferably to 1.5 degrees Celsius, compared to pre-industrial levels.”

Much of the discussions at Glasgow will be centered around nationally determined contributions, or NDCs. In simple terms, NDCs refer to individual countries’ targets for cutting emissions and adapting to the effects of climate change.

In his interview with CNBC Turner noted how the NDCs presented at COP26 would, when added up, be “nothing like the scale of emission reductions that we need.”

“We are going to have to think about additional action on top of that,” he said. “And that will require further tightening of NDCs in future years but also, maybe, some cross-cutting initiatives at COP26 on methane, on deforestation, on accelerating the drive towards electric vehicles, which can be agreed across all countries.”

Governmental role

When it came to getting results, Turner stressed the important role national governments could play.

“You need not only corporates to be committed and to make voluntary commitments because they want to do the right thing,” he said, but strict government ”regulations and taxes and other instruments as well.”

He explained how establishing a framework to create the conditions in which businesses could then deliver was key.

One example of how governments are attempting to generate change is in the automotive industry. The U.K., for instance, wants to stop the sale of new diesel and petrol cars and vans by 2030 and require, from 2035, all new cars and vans to have zero tailpipe emissions.

“The automotive industry is pivoting towards EVs at an amazing pace,” Turner said. “But we need to make that even faster by just telling them you can’t sell an internal combustion engine car beyond 2035. So yes, you need strong action from government — sometimes the best action is regulation, sometimes it’s a carbon price, sometimes it’s a subsidy or support.”

When it comes to climate change and action, topics related to increased government regulation and carbon pricing have generated a significant amount of debate in recent times.

In a separate interview with CNBC’s Steve Sedgwick over the weekend, former U.S. Energy Secretary Ernest Moniz touched upon these subjects.

Moniz said he thought the energy transition to net zero was “a $100 trillion-plus affair.” He was, he said, encouraged at how financial institutions were “demanding things like disclosure from … companies … in order to be able to shape their own investment portfolios.”

“But we know that most areas of the clean energy transition right now do not have, let’s say, the returns that an investor would like without government coming in and reshaping policy and regulation,” Moniz said. “So that I think is a key step now that needs further attention.”

He was then asked if a carbon tax would level the playing field and make renewables more attractive when compared with hydrocarbons.

“First of all, I like to say clean energy and not renewable because we need the entire space, including carbon capture and hydrogen and nuclear.”

“But yes, a carbon pricing mechanism, I think, would be the most straightforward way of doing two things. One, to shape the playing field – assuming the price, frankly, is high enough. But secondly, what carbon pricing would do is create a pool of resources that I would strongly urge be used in a progressive way.”

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Why some Scrooges want to stop California from handing out $2,000 e-bike vouchers

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Why some Scrooges want to stop California from handing out ,000 e-bike vouchers

In what couldn’t have been more on-the-nose timing, a group of local California newspapers published an editorial on Christmas Eve calling for the end of a generous $2,000 voucher program intended to help low-income Californians afford electric bicycles for transportation.

The editorial was provided by the Southern California News Group, a collection of California newspapers owned by the hedge fund Alden Global Capital.

In it, the writers air a number of grievances against the program, which recently closed its first round of applications intended to provide around 1,500 e-bike vouchers of between US $1,750 to $2,000 each. The vouchers can be used to offset the price of electric bicycles and associated gear such as protective equipment, locks, etc.

The first complaint in the op-ed is that the total number of vouchers provided in the first round was relatively small compared to the large size of the California e-bike market. However, instead of suggesting that the budget be increased to help more Californians achieve transportation independence, as we called for recently, the editorial takes the opposite position of suggesting that the program simply be canceled.

Next, the writers bemoan an increase in electric bicycle and electric scooter accidents in recent years, suggesting that this should be weighed against the benefits of helping more Californians afford such vehicles.

However, the argument seems to conveniently overlook the fact that the vast majority of such accidents aren’t caused by e-bike riders, but rather those riders are in fact usually the victims. The actual danger to safety on roads is vehicular traffic, i.e. cars and trucks.

Furthermore, many studies have shown that in crashes caused by e-bike riders, such as when an e-bike rider hits another cyclist or pedestrian, the injuries are on average considerably lighter and more recoverable than in car-related crashes.

If the goal was to protect Californians, then instead of firmly clutching their pearls, perhaps the editorial writers should have urged a reduction in the use of cars and trucks, not a reduction in e-bike vouchers.

The op-ed even goes on to lament the number of children riding electric bicycles in California, though admits further on that children aren’t eligible to receive vouchers as part of California’s e-bike incentive program.

Electrek’s Take

California’s e-bike incentive program is certainly far from perfect. We even discussed many of its shortcomings last week. But the program’s essence is to do a good thing—using public tax money to benefit the public. The solution should be to improve the program, not to remove it. And the simple fact of the matter is that most people who are vehemently against the program are those who don’t directly benefit from it, even if they fail to realize that they will ultimately indirectly benefit.

Electric bicycles are one of the most cost-effective ways to provide transportation independence to marginalized and low-income groups. But it’s more than just that. They’re also the best way to get people out of cars and reduce traffic for everyone. Even ignoring the long-term environmental effects related to reducing the impacts of climate change, e-bikes are uniquely capable of making a larger impact on air quality today by helping to remove sources of emissions from a vehicle’s production all the way through its lifetime use and even to its eventual disposal/recycling. When someone rides an e-bike instead of taking a car, taxi, or bus, everyone’s lungs benefit.

Sure, the California program isn’t perfect. But if a media group owned by a wealthy hedgefund and catering to a well-to-do readership doesn’t like it, then that means it’s probably doing something helpful to people who actually need it. That’s the kind of world I want to live in, at least for as long as it’s still liveable.

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Hydrogen had a wild ride in 2024, but Honda has more to come in 2025

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Hydrogen had a wild ride in 2024, but Honda has more to come in 2025

On today’s high-powered episode of Quick Charge, we’ve got Honda fuel cell manager David Perzynski here to talk about Honda’s forty year history developing hydrogen powertrains, and the role Honda sees for HFCEVs in a battery dominated world.

In the course of the conversation we talk about several hydrogen articles posted in 2024, as well as some Honda projects related to CES. You’ll be able to read more about those, below. Enjoy!

Prefer listening to your podcasts? Audio-only versions of Quick Charge are now available on Apple PodcastsSpotifyTuneIn, and our RSS feed for Overcast and other podcast players.

New episodes of Quick Charge are recorded, usually, Monday through Thursday (and sometimes Sunday). We’ll be posting bonus audio content from time to time as well, so be sure to follow and subscribe so you don’t miss a minute of Electrek’s high-voltage daily news!

Got news? Let us know!
Drop us a line at tips@electrek.co. You can also rate us on Apple Podcasts and Spotify, or recommend us in Overcast to help more people discover the show.

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Check out this awesome looking new four-wheeled electric bike

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Check out this awesome looking new four-wheeled electric bike

Sixthreezero’s wide range of electric bike models includes some fairly out-there models, but the company’s new four-wheeled electric bike really charts a new direction in the industry. Take a look at the new ANYterrain Stabilized 4-wheel Electric Bike.

It’s a mouthful of a name, but the ANYterrain Stabilized 4-wheel Electric Bike hauls more than just a bunch of extra words. The bike is rated to carry up to 350 lb (159 kg), and the 750W motor ensures it has the power to do so. With speeds of up to 20 mph (32 km/h), the quad bike is just as fast as most Class 1 and 2 e-bikes.

But the real game changer here is the design, offering four-wheeled stability that riders can’t get from a conventional three-wheeled trike.

Not only do four wheels provide better stability with a wider footprint, but the steering on the bike uses leaning geometry to take turns more naturally, helping riders feel even more stable.

With 20″ wheels in the rear and 16″ wheels in the front, the quad bike keeps a fairly low center of gravity. All four wheels use 4″ fat tires for better offroad riding and more comfortable shock absorption compared to narrow tires, and the rear wheels even feature a differential to better apply the motor’s power to the ground.

A twist throttle makes it easy to roll on that power, and a D/R switch on the bars lets riders put it in reverse for cases where they need a little help wiggling around in tight spaces. Pedaling backward from a stop can also engage the reverse. At 120 lbs (54 kg), this isn’t the type of bike you can just pick up and move around the garage without a little help so that reverse feature will likely come in handy.

A 48V and 20Ah battery offers 960Wh of capacity, which the company says translates into a range of up to 50 miles (80 km).

The battery is housed under a cargo basket in the rear, though a bench seat can be swapped for the basket, allowing riders to carry a passenger with them.

Electrek’s Take

This certainly won’t be a mass market type of e-bike, but I can see a real use case for neighborhood riding and local errands, especially for folks who don’t feel stable on a bicycle or even a trike.

Despite trikes offering great stability when going straight, some people can feel uncomfortable making turns on a trike, especially at higher speeds, because they can sometimes feel tippy under certain scenarios. This quad bike can still tip if you take a turn sharp enough, but the wider stance combined with the leaning steering means riders will even more stable than on a trike.

And since this will likely be used more by older riders, the reverse is an important feature for letting folks park the bike easily without dismounting and dragging it around.

There could be some legal hurdles in some areas that define “bicycles” as having either two or three wheels, but I’m guessing most cops aren’t jumping at the opportunity to ticket grandma for riding her quad bike on the local rails to trails network.

I love seeing more options like this, and I commend Sixthreezero for providing such interesting options to add to the market.

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