With this monthly newsletter, we hope to provide you with interesting insights and exciting new findings. Making long-term energy system planning feasible is a joint effort, which is why we want to point out to you what has been keeping us busy this month!
In every content creator’s life there comes the time when writing is less easy - when you need to write about yourself. Today, you will get to know a little more about the person behind Kerith’s monthly newsletter, enjoy!
What are your main tasks at Kerith? Well, you are currently reading part of what I work on every month: The fabulous Kerith newsletter! It is one pillar in the overall content strategy we have set up and will soon be complemented by further informative posts - stay tuned!
How do you spend your free time? Sports. It is what keeps me balanced and motivated.
Why have you decided to join Kerith? Out of several reasons: a) because I loved the idea of changing the world (who doesn’t?), b) because it’s a great team to be a part of and c) because Elias passion convinced me.
What makes Kerith special for you? That we are working on something that will actually have a positive impact, both on the environment and social settings.
What are you known for among your colleagues? Waking up early, I guess. Getting work done before anyone else has started the day makes me feel being ahead.
“Power consumption in April last year had dropped to 84.55 BU from 110.11 BU in the same month in 2019. This happened mainly because of fewer economic activities following the imposition of lockdown by the government in the last week of March 2020 to contain the spread of COVID-19.
Similarly, peak power demand met or the highest power supply in a day also slumped to 132.73 GW in April last year from 176.81 GW in the same month in 2019, showing the impact of lockdown on economic activities. Experts are of the view that high growth in power consumption, as well as demand in April, is mainly because of base erosion last year due to fewer economic activities which proved as a dampener on commercial and industrial consumption of electricity due to lockdown.”
The electricity market report confirms that the combination of the pandemic demand shock and favourable weather conditions for renewables substantially changed the structure of the mix over the course of 2020. Coal and lignite generation fell by 22% (-87 TWh), and nuclear output dropped by 11% (-79 TWh). Gas was less affected due to its favourable price, thereby supporting coal-to-gas and lignite-to-gas switching. As consumption fell, the share of renewables in the mix rose to 39%, beating fossil fuels (36%) for the first time. Based on preliminary estimates, the carbon footprint of the power sector in the EU dropped by 14% in 2020.
The report notes, however, that the key factors (the pandemic, favourable weather, high hydro generation) were exceptional or seasonal. In fact, figures for the 4th quarter saw electricity consumption close to pre-pandemic levels, despite continuing restrictions on economic and social activity.
“The Biden administration on Monday said it had approved a major solar energy project in the California desert that will be capable of powering nearly 90,000 homes. The $550 million Crimson Solar Project will be sited on 2,000 acres of federal land west of Blythe, California, the Interior Department said in a statement. It is being developed by Canadian Solar unit Recurrent Energy and will deliver power to California utility Southern California Edison.”
In a decision published on April 29th, the First Senate of the Federal Constitutional Court ruled that the provisions of the Climate Protection Act of December 12th, 2019, on national climate protection targets and the annual emission levels permitted until 2030 are incompatible with fundamental rights insofar as sufficient specifications for further emission reductions from 2031 are missing.
The Climate Protection Act obliges to reduce greenhouse gas emissions by 55% by 2030 compared to 1990 and defines the reduction paths applicable until then by means of sectoral annual emission volumes. Admittedly, it cannot be established that the legislature has violated its fundamental rights obligations to protect the complainants from the dangers of climate change or the climate protection requirement of Article 20a of the Basic Law with these provisions. However, the complainants, some of whom are still very young, have had their liberties violated by the challenged provisions. The provisions irreversibly postpone high emission reduction burdens to periods after 2030.
Let’s get scientifical
Study: Tightening EU ETS targets in line with the European Green Deal: Impacts on the decarbonization of the EU power sector
“We find that tightening the target would speed up the transformation by 3–17 years for different parts of the electricity system, with renewables contributing 74% of the electricity in 2030, EU-wide coal use almost completely phased-out by 2030 instead of 2045, and zero electricity generation emissions reached by 2040. Carbon prices within the EU ETS would more than triple to 129€/tCO2 in 2030, reducing cumulated power sector emissions from 2017 to 2057 by 54% compared to a scenario with the current target. This transformation would come at limited costs: total discounted power system costs would only increase by 5%.”
If this study is interesting for you, you can find a summary on Twitter.
After having been invited to one of their Startup Lounges last year, we are delighted to now be featured in a recent article by Mannheim Center for Entrepreneurship and Innovation !