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Wood Mackenzie’s Top Ten Predictions for Energy in 2021
Wood Mackenzie analysts on what we should expect in energy in the coming year, from oil markets to solar costs and coal exports to EVs.
Electric Car
China Cuts Subsidies on NEVs for Healthier Development
China will cut subsidies on new energy vehicles starting Friday to promote the healthy development of the industry, said a circular posted on the official websi…
United States
Biden to Rescind Trump's Last-Minute Rulemaking
President-elect Joe Biden plans to act quickly upon taking office to block pending regulations issued by his predecessor and to rescind executive orders issued …
Electric Car
Govt Announces New Electric Vehicle Policy for Four Wheelers
The Federal Cabinet on Tuesday approved the new Electric Vehicle (EV) policy for four wheelers.
South Korea
South Korea Plans To Downsize Nuclear & Coal While Quadrupling Renewables By 2034
South Korean President Moon Jae-in previously committed to moving away from nuclear power and toward renewable energy.
Coal-Fired Power Plants
RWE Power Takes First Plant off Grid – Unit D in Niederaussem
From 31 December 2020, RWE Power will decommission the 300-megawatt Unit D at its Niederaussem lignite power station.
Brexit
UK Parliament Votes for Brexit Deal
Members of Parliament today approved legislation that will pass the UK-EU post-Brexit deal into UK law, in a vote split 521 in favour and 73 against.
Hydrogen Fuel Cell
China to Reduce Tariffs on Imported Hydrogen Fuel Cell Components to Boost Development of the Technology
China will lower tariffs on fuel cell-related components imported to the country in 2021 to promote development of the technology.
Germany
Berlin Confirms New Renewables Laws from 1 January
New framework contains conditions for future expansion.
Biobattery
Trump Signs COVID-19 Relief, Tax Extenders Package
After a nearly week-long delay, President Trump on Dec. 27 signed a legislative package that includes tax extenders, $900 billion in COVID-19 relief and governm…
United States
U.S. Senate Passes American Energy Innovation Act
AEIA to modernize domestic energy laws to ensure the United States remains a global energy leader.
Personnel Appointment
Ramaphosa Appoints Climate Change Coordinating Commission
President Cyril Ramaphosa has appointed members of the inaugural Presidential Climate Change Coordinating Commission with effect from 17 December 2020.
Energy Subsidies
US Congress Passes Five-Year Offshore Wind Tax Credit
The U.S. Congress has passed a year-end spending package which includes a provision that would extend the Tax Credit for offshore wind facilities at 30% through…
Oil&Gas Drilling
Pacific Drilling to Emerge from Bankruptcy by Year-End
Offshore drilling contractor Pacific Drilling expects to emerge from Chapter 11 bankruptcy by year-end following the confirmation of its prearranged plan of reo…
Energy White Paper
Ten Observations on the UK Energy White Paper 2020
At the same time, no one needs reminding that the UK Government has been focussing on a range of emergencies other than climate change in the intervening period…
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