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Advancing Decarbonisation through Clean Electricity Procurement
…clean technologies procured, the amount and location of procurement, and the resulting emissions reduction. In some regions, corporates have a range of options to choose from when purchasing clean electricity; in other regions, legal and regulatory barriers still constrain engagement in corporate procurement. This report examines the options available and the ways in which they contribute to decarbonisation and, ultimately, net zero electricity goals. Using the IEA’s regional power system models for India and Indonesia, the report applies quantitative analysis to examine the implications of different procurement strategies for emissions reduction, procurement costs and technology deployment. A key finding…
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Will new PV manufacturing policies in the United States, India and the European Union create global PV supply diversification?
…for solar PV manufacturing. Today, China and ASEAN countries (Viet Nam, Thailand and Malaysia) have the lowest solar PV module manufacturing costs for all segments of the supply chain. Economies of scale, supply chain integration, relatively low energy costs and labour productivity make China the most competitive solar module manufacturer worldwide. Higher investment costs in India are the primary reason for the cost differential with China, while higher overhead and labour costs makes US PV manufacturing not as competitive. In Europe, rising energy prices following Russia’s invasion of Ukraine widened the cost gap with China. Today, EU industrial energy…
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Clean Energy Transitions Programme 2021
Annual report 2021 The Clean Energy Transitions Programme (CETP) has enabled the International Energy Agency (IEA) to significantly expand and deepen its global engagement and to support emerging economies’ transition to clean, resilient, sustainable energy systems. In 2021 the CETP marked its fourth full year since its launch at the 2017 IEA Ministerial Meeting, and the programme has steadily grown in size and impact.The CETP Annual Report 2021 aims to provide all CETP donors and partners with insights on the programme’s accomplishments, outputs and efforts across all areas of work. The report highlights activities and achievements for each…
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Methodology to Assess the System Value of Different Corporate Procurement Strategies in Developing Economies
…billing arrangements that allow electricity supply costs to be directly offset with renewable energy fed to the grid, such as ‘energy banking’ agreements or net metering, can result in a mismatch between the value that generators provide to the system – in terms of energy and other services, evaluated in detail in this article – and the reduction in the tariff cost. Similarly, ‘wheeling’ agreements that set the framework for a renewable energy supplier to deliver their electricity to a buyer through the transmission grid may also allow for a difference between the time of supply and delivery that results in a…