In brief | 8 August '24

NewClimate Institute: Unpacking Germany’s hydrogen import strategy: 3 considerations for Global South partners

Expectation that lower production costs can partially offset high conversion losses & transport costs may not hold up in reality, institute warns.

Bloomberg: France warns of nuclear cuts as european heat intensifies

Hot weather means nuclear operators can’t cool reactors as temperatures on the continent may reach 40C in coming days.

Simon Evans: For the first time ever, more than half of cars sold in China last month were electric

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: Global wind power plans fall short of the 2030 tripling goal 

National targets will more than double capacity but miss tripling renewables, the single biggest action to keep 1.5C within reach.

Bloomberg: Glencore abandons plan to exit coal after investors say no

Blencore CEO Nagle says ‘common sense has prevailed’.

CarbonBrief: UK could approve 13 new oil and gas projects despite North Sea pledge

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.