AP, April 27 (Editor Shi Zhengcheng) From this Sunday, the ministers of energy and climate of G7 countries will gather together. According to the draft document obtained by the media in advance, the next thing the ministers will talk about will also have a considerable impact on the capital market.
This meeting is also the first time that energy ministers have met since the UN Climate Conference last December. At a conference in Dubai, they agreed to double energy efficiency and triple renewable energy capacity by 2030.
Facing the core pain point of new energy
The rapid development of renewable energy in recent years has also shown mankind a feasible alternative to fossil fuels, but there are still significant problems—— The renewable energy generated by photovoltaic and wind power is totally "eat from the sky". Once the sun does not show up and the wind does not blow, the guarantee of energy supply will have problems 。
Therefore, in order to avoid intermittent "no electricity available" after the energy transition, G7 countries are promoting a global goal. According to the draft document of the meeting, G7 climate ministers "agreed in principle" to set the global energy storage scale at 1500 GW in 2030, more than six times the 230 GW in 2022.
According to the document, the ministers proposed to use Battery, hydrogen energy, water or other ways to store electricity 。
According to a G7 government official involved in the negotiations, the energy storage goal is a good solution, which shows that countries are taking the Dubai Agreement seriously. The purpose of energy storage is to save the surplus power produced by renewable energy with batteries and release it when necessary.
It is reported that countries are still in intense discussions, which are related to coal, energy efficiency, methane targets and other controversial areas.
Taking the coal issue that has not yet been agreed upon by all countries as an example, the draft mentions that all countries should Eliminate coal power plants that fail to implement "carbon capture" as soon as possible after 2035 。 The United States announced new regulations on Thursday, requiring that coal power plants planned to continue operating in the country after 2039 need to operate before 2032 Capture or reduce carbon dioxide emissions by 90% 。 At the same time, Japan is particularly opposed to vigorously eliminating coal.
Another controversial goal in the draft is to promote the world's richest countries to stop subsidies for overseas fossil fuel development, which is also the largest source of public funds in this field. Under the framework of OECD, the United States and the European Union have differences on the issue of prohibiting the countries of the organization from providing export credits and guarantees for oil, natural gas and coal exploitation projects.
Repeated mention of battery
According to the description of the draft document, G7 countries will "promote the development and deployment of static battery storage to improve storage efficiency and reduce storage costs", and "encourage diversified, sustainable, safe and transparent battery storage supply chain".
The International Energy Agency also said this week that the "rapid expansion" of batteries is crucial to achieving the energy goal of COP28. The agency also expected that, In the future new energy storage, the battery will account for 90% of the increment 。
The institute's research found that in 2023, the growth rate of batteries will exceed that of almost all other clean energy technologies. At the same time, the cost of batteries has also dropped by more than 90% in the past 15 years, which is the fastest decline among all clean energy sources.
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