Good COP – India surprised on the upside with a Net Zero 2070 commitment. Prime Minister Modi chose not to update India’s NDCs (Nationally Determined Contributions) before COP, however he has now delivered a significant upgrade in emission commitments. India remains a fierce advocate of developed market financial aid, with renewable energy commitments contingent on foreign funding. Baringa believes that delivering these funding promises is crucial to ensuring a just transition.
Bad COP – China revelled in the limelight during the Trump presidency, positioning itself in contrast to the US with an aggressive Net Zero ambition by 2060. This conference China has so far disappointed, with hopes of Xi Jinping agreeing to start the phase down of coal before 2030 so far unmet.
Nervous COP – “America is Back” according to Joe Biden. However, despite notable commitments on methane emissions, the real story for the US remains in Washington. Crucial climate legislation is expected in Congress next week which, if passed, would legitimise the US’s ambition to be a global climate leader; legislating a 50% emissions cut by 2030. Given the uncertainty of the US midterms next year, securing this climate legislation now is critical for both the US, as well as for global efforts to accelerate to net zero.
Energy Trading Week Insider: navigating the digital energy transition
In this interview, Howard Walker, CEO of America's for Commodities People, talks with Talis Bennett-Verschure, one of Baringa’s Energy and Resources experts about the digital energy transition and its impact on the energy market.Read more
The future of European CfDs
Contracts for Difference have been successful at increasing competition, accelerating capability buildout and stabilising prices in many European states.Read more
New emissions criteria in Australia's National Energy Objectives
In this article we explore implementation challenges and key questions relating to Australia's revised National Energy Objectives.Read more
SAAS Operating Models: empowerment without guardrails is chaos
Key learnings from energy retailers for customer service organisations who are migrating their businesses to new SaaS platforms.Read more