- A notification posted online this week by the Legislative Affairs Office, which reports to the Chinese cabinet, indicates that all manufacturers will be required to generate EV credits that equal 8% of sales in 2018, 10% by 2019, and 12% by 2020. The credits are computed based on the level of electrification of the cars produced. [CleanTechnica]
- Vivint Solar had a surprisingly good first quarter, and this was followed by a promising financial agreement. In Early June, Vivint announced that it expanding was its services into Colorado and returning to Nevada. Now, as we hit the halfway mark of the month, the company announced that it would be expanding its services into Vermont. [CleanTechnica]
- As batteries and new sources of flexibility bolster the installed capacity of renewables, their market shares will be reaching 49% in India, 55% in China, 74% penetration in Germany, and 38% in the US by 2040, according to the newly released Bloomberg New Energy Finance’s annual long-term analysis of the future of energy. [ABP LIVE]
- Sweden has committed to becoming a net-zero carbon emission emitter by 2045, following a law passed in the nation’s parliament. Lawmakers voted 254 to 41 in favor of the proposal. The proposal was developed by seven of the eight Swedish parliamentary parties; only the far right Swedish Democrats sat out of the consultation. [Climate Action Programme]
- China and India will be the biggest recipients of investments in new power-generating capacity by 2040, representing a $4 trillion opportunity for their energy sectors. China will require $2.8 trillion of spending for 2,547 GW of new capacity, while India needs $1.2 trillion, according to Bloomberg New Energy Finance. [Hellenic Shipping News Worldwide]
For more news, please visit geoharvey – Daily News about Energy and Climate Change.