Edward Baker

Climate and the energy transition senior advisor for the PRI | Ex-UK government lead on green finance in China | the usual disclaimers

[Lauri Myllyvirta @laurimyllyvirta]

How is China's EV boom affecting gasoline demand and electricity demand? It has been hard to find precise data on this so here's a thread working out some numbers.

[Edward Baker @ejb_baker]

@laurimyllyvirta @Mabeytweet Well said Lauri

[Simon Evans @DrSimEvans]

The SBTi just published an evidence review that pretty comprehensively trashes carbon credits:

"[V]arious types of carbon credits are ineffective in delivering their intended mitigation outcomes."

"There could be clear risks to corporate use of carbon credits for the purposes of offsetting. This includes potential unintended effects of hindering the net-zero transformation and/or reducing climate finance."

"All Tier A evidence challenge the legitimacy of offsetting claims, arguing that treating carbon credits as fungible with other sources, sinks, or reductions of emissions is inadvisable, illogical, or damaging to global mitigation goals."

https://t.co/dyiKFO2e1d

[Edward Baker @ejb_baker]

@robertshrimsley Too right!

[Edward Baker @ejb_baker]

Fire just outside Abbey Wood station @TheMurkyDepths #AbbeyWood

[Jo Alsop, Warmur @theheatinghub]

Boiler Upgrade Scheme given some life blood! Funding more than tripled from £450m to £1.545bn

That's 206,000 grants of £7.5k for households moving to a heat pump. Running until 2028

A clear signal that the future is heat pumps, not hydrogen boilers.

Pass it on!

[Simon Evans @DrSimEvans]

MEGA FACTCHECK

EVs are “likely crucial” for tackling transport CO2, says the IPCC – and sales are rocketing

But EVs still face relentless hostile media coverage

So, I spent the past few months debunking 21 (!) of the most common EV myths

Here it is 🧵

https://t.co/gfqcswgRvK

[Edward Baker @ejb_baker]

@Brad_Setser do these figures include Teslas that are made-in-China?

[Brad Setser @Brad_Setser]

Probably my most famous chart, now updated with Chinese data on its exports of finished vehicles through August.

Exports over the last 12ms topped $90b. Imports are around $45b.

1/

[Brad Setser @Brad_Setser]

Probably my most famous chart, now updated with Chinese data on its exports of finished vehicles through August.

Exports over the last 12ms topped $90b. Imports are around $45b.

1/

[Brad Setser @Brad_Setser]

The Chinese data on auto exports by country includes parts (at least the data that I can access easily).

Exports to Europe continue to rise very very quickly

(there is an obvious contrast with the US, which has a tariff wall here)

3/

[Assaad Razzouk @AssaadRazzouk]

Good climate news this week
1 Germany passes boiler ban law
2 Indonesia, Singapore in $20b renewables corridor
3 US cancels 7 arctic oil and gas leases
4 Amazon deforestation down 66% in August
5 California EVs up to 22% of new cars
6 LEDs cross 50% of global lighting sales

[Edward Baker @ejb_baker]

@richardabetts @richardabetts I agree. Matt has got this wrong

[Edward Baker @ejb_baker]

Wonderful article @pilitaclark thank you for writing about Pete Betts

[Pilita Clark @pilitaclark]

Many thanks to everyone who has written so kindly about this piece on, and by, the exceptional Pete Betts https://t.co/rqPAETw787

[International Energy Agency @IEA]

Renewables are on track to overtake coal as the largest source of global electricity by early 2025

And by 2027, solar PV alone is set to be the largest source of power capacity, confirming it as the king of global electricity markets ⚡️

Learn more 👉 https://t.co/r5lo5ynhhh

[Dr. William J. Ripple @WilliamJRipple]

Funny, but sad.

[Frédéric Simon @FredSimonEU]

Horrifying footage from a cobalt mine in Congo, apparently. Regulators and industry must get serious about controlling battery supply chains otherwise the green transition risk being seriously harmed.

[Lauri Myllyvirta @laurimyllyvirta]

NEW REPORT: Permitting of new coal plants surged in China, even as clean energy installations made new records. If China's going to meet its climate commitments these new coal power plants are going to end up as short-lived & under-utilized malinvestments.
https://t.co/QVc1MaWQYj

[Lion Hirth @LionHirth]

The single most astonishing aspect of the European energy crisis is the resilience of the carbon market.

[Edward Baker @ejb_baker]

Another high profile business leader goes missing

[Desmond Shum @DesmondShum]

THE banker of China IT industry. Fan and I started our careers about the same time. He was working for Morgan Stanley when we first met. We have been friends over 2 decades and watched the growth of each other https://t.co/47bn8mloWT

[Thomas Spencer @ThomasASpencer]

1/5
Yesterday we @IEA published the 2023 Energy Technology Perspectives, led by my brilliant colleague @TimurGuel
This year's edition focused on clean technology supply chains.
Here are my three favourite charts