In brief | 8 August '24
Expectation that lower production costs can partially offset high conversion losses & transport costs may not hold up in reality, institute warns.
Bloomberg:
Hot weather means nuclear operators can鈥檛 cool reactors as temperatures on the continent may reach 40C in coming days.
Simon Evans:
New-energy vehicles, including EVs and PHEVs, reached a record-high 51.1% of retail sales in July, according to data from the China Passenger Car Association.
Ember:
National targets will more than double capacity but miss tripling renewables, the single biggest action to keep 1.5C within reach.
Bloomberg:
Blencore CEO Nagle says 鈥榗ommon sense has prevailed鈥�.
CarbonBrief:
Labour government, which took power last month, has ruled out issuing new oil and gas licences for the North Sea. However, it has not ruled out approving projects that already have a licence, but have not yet received consent to begin development.
