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The current German coalition government is seeking to accelerate the country’s transition away from fossil fuels and nuclear to renewable and sustainable production energy means.

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The global energy transition is off track to prevent the worst impact of the climate emergency, according to the head of the International Renewable Energy Agency, and a fundamental course correction is required to successfully pivot away from fossil fuels.

A report published by IRENA on Tuesday said an additional $35 trillion of investments in transitional technologies would be needed by 2030 to curb global heating to 1.5 degrees Celsius above pre-industrial levels.

This temperature threshold refers to the aspirational goal of the landmark Paris Agreement.

It is widely regarded as a crucial global target because so-called tipping points become more likely beyond this level of global heating. Tipping points are thresholds at which small changes can lead to dramatic shifts in Earth’s entire life support system.

“We are off track,” Francesco La Camera, director general of IRENA, told CNBC’s “Squawk Box Europe” on Tuesday.

La Camera said that IRENA’s findings show energy transition progress has been made, particularly in the power sector where renewables account for 40% of installed power generation worldwide — but the scale and extent of the change to date fall far short of the 1.5 degrees Celsius pathway.

IRENA said deployment levels must grow from some 3,000 gigawatts today to more than 10,000 GW in 2030.

The agency also noted that deployment is limited to certain parts of the world, with China, the EU and the U.S. accounting for two thirds of all additions in 2022, leaving low-income nations further behind.

‘Survival guide for humanity’

The IRENA report comes shortly after the world’s leading climate scientists published a “survival guide for humanity.”

The U.N.’s Intergovernmental Panel on Climate Change said earlier this month that the unprecedented challenge of keeping global warming to 1.5 degrees Celsius had become even greater in recent years because of the relentless increase in global greenhouse gas emissions.

The IPCC said deep, rapid and sustained greenhouse gas emission reductions across all sectors would be necessary to limit warming to 1.5 degrees Celsius.

The IRENA report meanwhile said that a successful global energy transition must see bold and transformative measures reflecting the urgency of the climate crisis.

A vehicle drives past a dry, cracked lake bed on its way to Boulder Harbour in drought-stricken Lake Mead on September 15, 2022 in Boulder City, Nevada.

Frederic J. Brown | Afp | Getty Images

Investment, comprehensive policies across the world and all sectors must take steps to grow renewables, the report adds, and implement the structural changes required for a predominantly renewables-based energy transition.

“The process we are assisting on is unstoppable. So, we are moving to a new energy system that will be largely dominated by renewables, complimented by hydrogen — mainly green hydrogen — and the sustainable use of biomass,” La Camera told CNBC.

“In the medium to long term, this will happen, so the question is not where we are going,” he added. “It is important to understand that the most important variable is time.”

Stranded assets warning

To be sure, the burning of fossil fuels such as coal, oil and gas, is the chief driver of the climate crisis.

Big Oil raked in record profits last year, as fossil fuel prices soared following Russia’s full-scale invasion of Ukraine. The firm’s executives have sought to defend bumper revenues amid a barrage of criticism in recent months, typically highlighting the importance of energy security in the transition to renewables.

Saudi Arabia’s state-controlled oil giant Aramco on Sunday announced plans to build a $10 billion refining and petrochemical complex in northeast China over the next three years, saying the company is seeking to support Beijing’s growing demand across fuel and chemical products.

Asked about companies choosing to invest in the traditional oil and gas sector, and whether this equates to a lost investment in renewables, La Camera replied, “There is no doubt that from our point of view, this is not the right direction. It will produce stranded assets.”

“That’s the reason why we are insisting … to work on focusing on infrastructure but also on changing our attention from the supply side of the problem to the demand side,” he added.

“We strongly hope that the Dubai UNFCCC conference will lead the way to build a new narrative that can better orient the investment in the years to come and accelerate the energy transition too,” La Camera said.

The UAE will host the COP28 climate summit from Nov. 30 through to Dec. 12.

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Europe’s wind power hits 20%, but 3 challenges stall progress

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Europe’s wind power hits 20%, but 3 challenges stall progress

Wind energy powered 20% of all electricity consumed in Europe (19% in the EU) in 2024, and the EU has set a goal to grow this share to 34% by 2030 and more than 50% by 2050.

To stay on track, the EU needs to install 30 GW of new wind farms annually, but it only managed 13 GW in 2024 – 11.4 GW onshore and 1.4 GW offshore. This is what’s holding the EU back from achieving its wind growth goals.

Three big problems holding Europe’s wind power back

Europe’s wind power growth is stalling for three key reasons:

Permitting delays. Many governments haven’t implemented the EU’s new permitting rules, making it harder for projects to move forward.

Grid connection bottlenecks. Over 500 GW(!) of potential wind capacity is stuck in grid connection queues.

Slow electrification. Europe’s economy isn’t electrifying fast enough to drive demand for more renewable energy.

Brussels-based trade association WindEurope CEO Giles Dickson summed it up: “The EU must urgently tackle all three problems. More wind means cheaper power, which means increased competitiveness.”

Permitting: Germany sets the standard

Permitting remains a massive roadblock, despite new EU rules aimed at streamlining the process. In fact, the situation worsened in 2024 in many countries. The bright spot? Germany. By embracing the EU’s permitting rules — with measures like binding deadlines and treating wind energy as a public interest priority — Germany approved a record 15 GW of new onshore wind in 2024. That’s seven times more than five years ago.

If other governments follow Germany’s lead, Europe could unlock the full potential of wind energy and bolster energy security.

Grid connections: a growing crisis

Access to the electricity grid is now the biggest obstacle to deploying wind energy. And it’s not just about long queues — Europe’s grid infrastructure isn’t expanding fast enough to keep up with demand. A glaring example is Germany’s 900-megawatt (MW) Borkum Riffgrund 3 offshore wind farm. The turbines are ready to go, but the grid connection won’t be in place until 2026.

This issue isn’t isolated. Governments need to accelerate grid expansion if they’re serious about meeting renewable energy targets.

Electrification: falling behind

Wind energy’s growth is also tied to how quickly Europe electrifies its economy. Right now, electricity accounts for just 23% of the EU’s total energy consumption. That needs to jump to 61% by 2050 to align with climate goals. However, electrification efforts in key sectors like transportation, heating, and industry are moving too slowly.

European Commission president Ursula von der Leyen has tasked Energy Commissioner Dan Jørgensen with crafting an Electrification Action Plan. That can’t come soon enough.

More wind farms awarded, but challenges persist

On a positive note, governments across Europe awarded a record 37 GW of new wind capacity (29 GW in the EU) in 2024. But without faster permitting, better grid connections, and increased electrification, these awards won’t translate into the clean energy-producing wind farms Europe desperately needs.

Investments and corporate interest

Investments in wind energy totaled €31 billion in 2024, financing 19 GW of new capacity. While onshore wind investments remained strong at €24 billion, offshore wind funding saw a dip. Final investment decisions for offshore projects remain challenging due to slow permitting and grid delays.

Corporate consumers continue to show strong interest in wind energy. Half of all electricity contracted under Power Purchase Agreements (PPAs) in 2024 was wind. Dedicated wind PPAs were 4 GW out of a total of 12 GW of renewable PPAs. 

Read more: Renewables could meet almost half of global electricity demand by 2030 – IEA


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Podcast: New Tesla Model Y unveil, Mazda 6e, Aptera solar car production-intent, more

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Podcast: New Tesla Model Y unveil, Mazda 6e, Aptera solar car production-intent, more

In the Electrek Podcast, we discuss the most popular news in the world of sustainable transport and energy. In this week’s episode, we discuss the official unveiling of the new Tesla Model Y, Mazda 6e, Aptera solar car production-intent, and more.

The show is live every Friday at 4 p.m. ET on Electrek’s YouTube channel.

As a reminder, we’ll have an accompanying post, like this one, on the site with an embedded link to the live stream. Head to the YouTube channel to get your questions and comments in.

After the show ends at around 5 p.m. ET, the video will be archived on YouTube and the audio on all your favorite podcast apps:

We now have a Patreon if you want to help us avoid more ads and invest more in our content. We have some awesome gifts for our Patreons and more coming.

Here are a few of the articles that we will discuss during the podcast:

Here’s the live stream for today’s episode starting at 4:00 p.m. ET (or the video after 5 p.m. ET):

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BYD’s new Han L EV just leaked in China and it’s a monster

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BYD's new Han L EV just leaked in China and it's a monster

The Chinese EV leader is launching a new flagship electric sedan. BYD’s new Han L EV leaked in China on Friday, revealing a potential Tesla Model S Plaid challenger.

What we know about the BYD Han L EV so far

We knew it was coming soon after BYD teased the Han L on social media a few days ago. Now, we are learning more about what to expect.

BYD’s new electric sedan appeared in China’s latest Ministry of Industry and Information Tech (MIIT) filing, a catalog of new vehicles that will soon be sold.

The filing revealed four versions, including two EV and two PHEV models. The Han L EV will be available in single- and dual-motor configurations. With a peak power of 580 kW (777 hp), the single-motor model packs more power than expected.

BYD’s dual-motor Han L gains an additional 230 kW (308 hp) front-mounted motor. As CnEVPost pointed out, the vehicle’s back has a “2.7S” badge, which suggests a 0 to 100 km/h (0 to 62 mph) sprint time of just 2.7 seconds.

BYD-Han-L-EV
BYD Han L EV (Source: China MIIT)

To put that into perspective, the Tesla Model S Plaid can accelerate from 0 to 100 km in 2.1 seconds. In China, the Model S Plaid starts at RBM 814,900, or over $110,000. Speaking of Tesla, the EV leader just unveiled its highly anticipated Model Y “Juniper” refresh in China on Thursday. It starts at RMB 263,500 ($36,000).

BYD already sells the Han EV in China, starting at around RMB 200,000. However, the single front motor, with a peak power of 180 kW, is much less potent than the “L” model. The Han EV can accelerate from 0 to 100 km/h in 7.9 seconds.

BYD-Han-L-EV
BYD Han L EV (Source: China MIIT)

At 5,050 mm long, 1,960 mm wide, and 1,505 mm tall with a wheelbase of 2,970 mm, BYD’s new Han L is roughly the size of the Model Y (4,970 mm long, 1,964 mm wide, 1,445 mm tall, wheelbase of 2,960 mm).

Other than that it will use a lithium iron phosphate (LFP) pack from BYD’s FinDreams unit, no other battery specs were revealed. Check back soon for the full rundown.

Source: CnEVPost, China MIIT

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