Capacity Market

DEFINITION: A mechanism introduced by the UK Government to ensure that electricity supply continues to meet demand as more volatile and unpredictable renewable energy generation comes online. The Capacity Market provides a regular payment to reliable forms of energy capacity in return for such capacity being available when the system is tight.

Related items

#SustyTalk: Budweiser Brewing Group's Mauricio Coindreau on renewable energy procurement

edie's #SustyTalk interview series continues with an exclusive discussion with Budweiser Brewing Group's head of procurement & sustainability Mauricio Coindreau.

Anglian Water will also develop an offsetting strategy for residual emissions by planting 50 hectares of woodland on its sites

Onsite renewables and EVs: Anglian Water outlines net-zero routemap for 2030

Anglian Water has published a detailed routemap outlining how onsite renewables, electric vehicles (EVs), hydrogen and biogas production will deliver its ambition to reach net-zero by 2030.

Pictured: Solar panels being installed on a farm in India

Report: Global demand for fossil-fuel-fired electricity has peaked

After demand for fossil fuels for electricity generation peaked across developed markets in 2007, it has now peaked across developing markets as well, according to a new report.

RE100 members have created a demand for 334TWh of renewable electricity

Business demand for renewables greater than that of UK's total power usage

Businesses that have made public commitments to procure 100% renewable energy have created a combined demand that is bigger than the national requirements from the likes of the UK and Italy, with separate research showing that two-thirds of renewables globally are cheaper than fossil fuels.

Trebling solar capacity would see carbon emissions fall by 21.2 million tonnes annually, equating to 4.7% of the UK’s emissions in 2019

UK set to double solar capacity by 2030, but more required to help reach net-zero

The UK is on course to double its solar capacity by 2030, but will need to treble it if the nation is to meet its net-zero target for 2050, with Solar Energy UK calling for overhauls to policy to spur the national market.

The success of the transition would hinge on enabling policies and roadmaps, steered by the UK Government

UK can create 200,000 jobs through clean technology drive

The Association for Renewable Energy and Clean Technology (REA) has claimed that the UK can reach 100% renewable electricity in the next 11 years, with clean technology uptake set to create 200,000 new jobs provided the Government can deliver enabling policies.

Ikea states that achieving 100% renewable electricity through suppliers in Poland, China and India will save 670,000 tonnes of carbon emissions annually

Ikea launches renewables programme for direct suppliers

Ikea has unveiled a new programme that will ensure that all of its direct suppliers are powered by 100% renewable electricity, as the retailer pushes towards its commitment to become 'climate positive' by 2030 by reducing more emissions than the value chain emits.

AB InBev is aiming to reduce value chain emissions by 25% by 2025

AB InBev cuts emissions through new lightweight beer bottle design

The world's largest brewer, Anheuser-Busch InBev (AB InBev), has unveiled new lightweight beer bottles that have a reduced carbon footprint of 17% compared to its other bottle types, with plans in place to roll them out across Europe.

Global average solar installation costs are likely to be down 10% year-on-year, according to the IEA

IEA: Renewables set to attract 70% of global energy investment in 2021

Global energy investment is likely to rebound to pre-pandemic levels this year, with most finance going towards renewables - but, ultimately, the new generation capacity financed will not be compatible with long-term climate goals.

Pictured: Staff at the new solar farm in Texas, which took almost two years to complete. Image: Anheuser-Busch

Anheuser-Busch meets 100% renewable energy goal four years early

Beer giant Anheuser-Busch has achieved 100% renewable electricity for its beverage production activities in the US - a goal originally set for 2025.

The latest RECAI warns that future renewables deployment will require a further $5.2trn of investment

UK climbs energy investment rankings, but concerns persist over green finance availability

The UK has climbed one position to fourth in the rankings for EY's national attractiveness of renewable energy investment, but the organisation has warned that global green finance efforts need to improve considerably to meet clean energy demand for existing climate commitments.

Low Carbon Hub believes that surplus energy produced from Ray Valley Solar will create more than £10m of community benefit funding

UK’s largest community-owned solar park to come online next year

The Ray Valley Solar project in Oxford is expected to come online next autumn, after Triodos Bank confirmed lending for what is expected to be the UK’s largest community-owned solar park.

Pictured: Solar infrastructure in Shanghai

IEA: Renewable energy to account for 90% of new power expansion post-Covid-19

After capacity additions continued to grow during 2020, the International Energy Agency (IEA) is forecasting that "exceptionally high" growth is likely to continue during this year and next.

Pictured: Wind turbines in Kokkolantie, Finland

LEAK: EU's draft renewables law confirms 38-40% target for 2030

An early draft of the EU's upcoming renewable energy directive confirms the bloc's objective of sourcing 38-40% of its energy from renewables by 2030, roughly doubling the share of solar, wind and other renewables in Europe's energy mix by the end of the decade.

Image: Johnson & Johnson Vision

Johnson & Johnson Vision to power global HQ with 100% solar electricity

Johnson & Johnson Vision, the manufacturer of ACUVUE contact lenses, has signed a ten-year power purchase agreement (PPA) with a solar farm to cover 100% of the electricity consumption of its headquarters.

Solar costs have fallen by an average of 18% every year since 2010 with wind prices down 9% annually

Report: Solar and wind can meet global energy demand 100 times over

The tumbling costs of wind and solar can unlock demand that could power the world 100 times over, with a new report from think tank Carbon Tracker finding that renewables are set to push fossil fuels out of the electricity mix by the mid-2030s.

Amazon is on course be powered by 100% renewables by 2025 – five years ahead of an original target

Amazon announces nine new renewables deals to take clean energy capacity to 8.5GW

Amazon has announced nine major new renewable projects across the globe that sees the online retailer's total clean energy capacity surpass 8.5GW globally.

Ground-mounted arrays accounted for the majority of capacity additions

UK's solar sector 'rebounding from pandemic and subsidy closures'

175MW of solar generation capacity was installed across the UK between January and March, according to new figures, compared to just 60MW in the same quarter of 2020.

A further 80 solar farms are to be introduced across the Army’s estate in the next seven years

British Army to switch on first solar farm as part of net-zero aspiration

The British Army is progressing with the first of four solar photovoltaic farms, which will save more than £1m in energy costs and help the Army reach net-zero emissions by 2045.

When the carbon intensity reached its lowest, wind energy accounted for 39% of the electricity mix, with solar and nuclear delivering 21% and 16% respectively

UK records lowest power grid carbon intensity

On Easter Monday, the UK recorded its lowest level of carbon intensity for electricity use, the National Grid ESO has confirmed.

The likes of Pernod Ricard and Nestle have already enshrined biodiversity into their sustainability strategies

Cutting through complexity: Can biodiversity be embedded into corporate strategies?

In recent months, the importance of biodiversity in combatting the climate crisis has reached a new level understanding, with policymakers and academics peering into this complex topic to try and outline how the private sector can champion it. Here, edie hears from the businesses that have already enshrined regenerative practices into their business model.

Money needs to be re-aligned in order to stimulate this demand

IRENA: Existing solutions can spur progress to net-zero

Global power sourced from renewables is set to treble by 2050, with wind, solar and hydrogen all required to account for 90% of all decarbonisation solutions to push the global economy towards the 1.5C pathway, a new report from the International Renewable Energy Agency (IRENA) has found.

Pictured: An artist's impression of the proposed solar farm. Image: Nissan Motor Corporation Great Britain 

Nissan to install on-site solar farm at Sunderland plant

Nissan has unveiled plans to build a new solar farm at its Sunderland Plant - the facility at the heart of its Leaf electric vehicle (EV) manufacturing process.

The roadmap divides city-based emissions into five sectors that have the greatest climate impact

Roadmap developed to help Oxford reach net-zero emissions by 2040

A new science-based roadmap has been developed outlining how carbon budgets, rooftop solar and electric vehicles (EVs) can help Oxford reach net-zero emissions by 2040.

Reaching the EU’s 2030 climate goal will require a significant build-up in the production of renewable electricity, which is needed to feed the electrolysers generating green hydrogen

EU's green hydrogen plans hailed as 'true game-changer' by industry

The European Commission boosted regulatory support for green hydrogen in its proposed overhaul of climate legislation published last week, with the renewable hydrogen coalition calling it "a true game changer" for the nascent EU industry.

Last month, the company revealed that it reduced greenhouse gas emissions by 16% over the last year, as it builds towards a net-zero carbon goal set for 2040

Asda to move entire company car fleet to EVs by 2025

Asda has confirmed it will move its entire company car fleet of 600 vehicles to electric by 2025, a move that will save more than 2,000 tonnes of carbon emissions on the road to net-zero.

edie summarises how the world can reach net-zero emissions by 2050, according to BNEF

How the world can reach net-zero emissions by 2050, according to BloombergNEF

BloombergNEF has published its latest New Energy Outlook report, examining three progress pathways to reach net-zero globally by 2050. Here, edie summaries what will need to change to deliver this low-carbon trajectory.

Low-carbon recovery spending has been insufficient in almost all nations but moreso in the Global South, the IEA has stated

IEA: Global emissions to reach record high by 2023, with governments breaking green recovery promises

Just 2% of the Covid-19 stimulus funding promised by nations has been spent on clean energy, meaning that global emissions are likely to hit a record high in 2023 and continue rising thereafter.

ScottishPower and Shell claim it would be the “world’s first large-scale” system for the technology

ScottishPower and Shell bid to develop large-scale floating windfarms in UK

ScottishPower and Shell have submitted a joint bid to develop large-scale floating offshore windfarm systems in the northeast of Scotland, with a decision expected to be made next year.

Both businesses are aiming for net-zero by 2040 at the latest

Inditex and Elsevier commit to net-zero emissions by 2040

Clothing giant Inditex and research publishing firm Elsevier are the latest corporates to have updated their corporate strategies, setting ambitions to reach net-zero emissions by 2040 at the latest.

Maclean and Wayth will be delivering our morning keynote speeches at the event

Taking place TODAY: edie's Clean Energy & Transport Forum

edie's new Clean Energy & Transport forum, is taking place today (15 July) with a fantastic line-up of keynote speakers including the Department for Transport's Parliamentary Under-Secretary of State Rachel Maclean.

Scope 3 emissions account for 98% of the company's emissions

Lidl commits to carbon neutrality by 2022

Lidl GB has announced plans to become a carbon-neutral business by 2022 alongside wider commitments to reduce operational emissions and encouraging key suppliers to set their own climate commitments.

Under the most ambitious scenario, the UK would reach net-zero by 2047

2TWh of hydrogen and 37 million EVs: How can the UK reach net-zero emissions?

The National Grid Electricity System Operator (ESO)'s latest Future Energy Scenarios (FES) report has outlined four potential scenarios for decarbonisation in the UK, three of which would see the UK reach net-zero emissions by 2050. Here, edie outlines what is required to meet the legally binding target.

The CFP is aiming to generate at least $500m

BlackRock secures $250m for climate projects in developing countries

The world's largest investor BlackRock has secured more than $250m from global investors and governments to support clean energy uptake and climate infrastructure across countries in Asia, Latin America and Africa.

Image: Orsted

Pay communities to host offshore wind farms, Leadsom and Rudd urge UK Government

Former Energy Secretaries Dame Andrea Leadsom and Amber Rudd are warning Ministers that plans to dramatically scale up offshore wind across the UK could incite backlash from local communities.

Image: Porsche

Hyundai joins RE100 as Porsche urges suppliers to source 100% renewable electricity

Hyundai Motor Group's five largest affiliate brands are applying to the Climate Group's RE100 scheme this month, the business has revealed, shortly after Porsche unveiled new measures to help suppliers procure renewable electricity.

Around 135,000 jobs would be created in the North, Midlands and East England, with a further 57,000 jobs set to be created in Scotland

UK's clean energy pipeline on course to unlock 625,000 green jobs

The UK's focus on decarbonisation and clean energy looks set to unlock 625,000 jobs, equivalent to 90% of jobs lost to the coronavirus pandemic, according to new research.

Both draft business plans are subject to final approval from regulator Ofgem

Net-zero energy transition: UK Power Networks and Northern Powergrid outline £7.7bn investment plans

Electricity distributors UK Power Networks and Northern Powergrid have outlined business plans backed by £4.5bn and £3.2bn of spending respectively, both with a heavy focus on low-carbon generation and technologies.

Pictured: The Gridserve electric forecourt in Braintree, Essex. Image: Greenhouse PR/Gridserve 

50 new EV 'supercharging' hubs planned for UK

Gridserve, the company behind the UK's first "electric forecourt", has announced plans to launch a UK-wide network of rapid electric vehicle (EV) charging points in a bid to help combat range anxiety.

Amazon's overarching emissions goal is net-zero by 2040

Amazon's carbon footprint grew 19% in 2020 amid pandemic parcel boom

Amazon has revealed that its absolute global carbon emissions rose 19% year-on-year in 2020, largely due to increased demand for online shopping as lockdown restrictions forced physical stores to close.

The gigafactory looks set to provide batteries to power up to 100,000 Nissan EVs annually

Nissan unveils plans for £1bn electric vehicle hub and battery gigafactory in Sunderland

Nissan looks set to transform its flagship Sunderland manufacturing facility into a £1bn electric vehicle (EV) hub that will feature a 9GWh battery production gigafactory - the first of its kind in the UK.

Pictured: Drax's power station in North Yorkshire, where two coal units will close later this year. Image: Drax/ A.Chadwick

UK's coal-fired electricity ban officially brought forward to 2024

From 1 October 2024 - one year earlier than originally planned - coal-fired electricity generation will be banned in the UK.

The study will explore how smarter home energy usage can assist with the UK's net-zero target

CrowdFlex: Energy giants launch study on domestic energy flexibility

Octopus Energy and electric vehicle (EV) charging experts Ohme have partnered with the National Grid Electricity System Operator (ESO) and Scottish and Southern Electricity Networks (SSEN) to analyse the attitudes and behaviour of more than 25,000 households in relation to EVs and smart home solutions.

Tasmania's 200% renewables goal and Toast Ale's B-Corp recertification: The sustainability success stories of the week

As part of our Mission Possible campaign, edie brings you this weekly round-up of five of the best sustainability success stories of the week from across the globe.

China (pictured) and the US led the way for installations in 2020, with European markets likely to rebound in 2021

Renewables will overtake gas and coal globally in 2024, IEA predicts

The International Energy (IEA) has published a major analysis on the state of the global renewable energy sector, predicting that wind and solar capacity will double by 2025.

The retailer has committed to moving its entire heavy goods vehicle (HGV) fleet from diesel to gas by 2024

Asda reduces emissions by 16% over 12-month period

Supermarket giant Asda has reduced greenhouse gas emissions by 16% over the last year, as it builds towards a net-zero carbon goal set for 2040.

Image: Facebook

Facebook achieves net-zero operations, 100% renewable electricity

Facebook has revealed that it achieved net-zero operational emissions in 2020, after eliminating the majority of its greenhouse gas (GHG) footprint and investing in carbon removal projects.

The 2027 target for UK operations will assist with a global net-zero target for 2040

Vodafone to reach net-zero carbon emissions in UK by 2027

Vodafone plans to eliminate carbon emissions from its entire UK operations by 2027, as part of a sweeping set of commitments that will see the technology giant invest in electric vehicles (EVs) and update supplier contracts based on environmental credentials.

Policy loopholes need to be closed urgently to shift the world in favour of low-carbon energy at a pace needed to deliver net-zero, REN21 is warning

Report: Global fossil fuel use not yet in decline, despite renewable energy pledges

Fossil fuels accounted for some 80% of global final energy consumption in 2019, the same share of the energy mix as a decade ago, a major new report has revealed.

The two businesses join forces with the hundreds of other companies signed up to each initiative 

Polestar and Google to halve emissions and join Race to Zero campaign

Swedish electric vehicle (EV) manufacturer Polestar and technology giant Google are the latest firms that have agreed to halve emissions by 2030 as part of a wider effort to deliver net-zero value chains, by joining the UN's Race to Zero campaign and the Exponential Roadmap Initiative.

Pictured: Solar panels being installed on a farm in India

IEA: To reach net-zero, renewable energy investment in developing nations must increase sevenfold

Some $150bn was invested in clean energy in developing economies last year, according to new International Energy Agency (IEA) analysis. But the Agency believes this figure must hit $1trn by 2030 to deliver a net-zero world.

If the same pace of investment is maintained, peak oil will happen “around 2030,” according to CMS Research

Study: World set to hit 'peak oil' by 2030 as energy majors shift to renewables

The world's largest oil and gas companies increased investment in clean energy by 34% in 2020, despite a 6% fall in global energy demand caused by the coronavirus pandemic, according to new research.

HSBC must now publish a plan outlining its new phase-out policy

Shareholders pass vote for HSBC to phase-out global coal financing by 2040

Shareholders of HSBC have today passed a proposed management resolution that commits the bank to phase-out financing for the coal industry by 2040 worldwide, following successful campaigning from investors.

Image: SSE 

£2bn for net-zero: SSE outlines bumper low-carbon spending plans for this financial year

Utility major SSE has unveiled plans to invest £2bn in low-carbon projects and supporting infrastructure this financial year, after posting a rise in profits led by renewable energy.

Bloomberg sees hydrogen playing a major role in sectors such as shipping and aviation 

Global hydrogen investment to grow 25-fold by 2040, Bloomberg predicts

Global annual investments in hydrogen totalled $1.5bn between 2018 and 2020, but the average could be $38bn by 2040, a new Bloomberg Intelligence report claims.

The debate took place at edie's flagship Countdown to COP26 virtual event

Policy direction and pricing: How do we get all UK businesses to 100% clean electricity?

Poor policy direction, a lack of public awareness and financial challenges must all be overcome for the UK's private sector to deliver on the COP26 aim on clean energy, an expert panel has agreed.

Pictured: The West Burton A coal power plant in Nottinghamshire. Image: Richard Croft, CC ShareAlike 2.0, geograph commons

UK's electricity grid emissions up year-on-year, despite net-zero pledge

Data revealing that the carbon intensity of the UK's electricity was 5% higher in the first months of 2021 than 2020 has prompted industry calls for greater support for new wind, solar and nuclear capacity.

EnergyTag states that there is currently no recognised system to verify hourly clean energy consumption

Google and Microsoft among businesses backing 24/7 clean energy tracking

More than 100 global companies, including PwC, Microsoft and Google, are taking part in a new worldwide initiative aimed at verifying clean energy sourcing on an hourly basis.

IEA: World must stop petrol and diesel car sales by 2035 for net-zero transition

The International Energy Agency (IEA) has published a landmark report outlining the sweeping changes needed in the power, energy and heat sectors if the world is to have the best chance of limiting temperature increases to 1.5C.

The series of reports are free to download for all edie users

edie kicks off new COP26 Primer report series with Clean Energy focus

As part of the brand-new Countdown to COP26 Festival of digital content and events, edie has this week launched a series of "Primer Reports" which provide need-to-know insights into the key themes of this year's crucial climate talks. First up: Clean Energy.

Oliver joined M&S full-time in 2017, having previously undertaken contracted work for the retailer

Meet edie's 30 Under 30 Class of 2020: Oliver Knowles, M&S Property

This new series profiles the members of edie's 30 Under 30 - a nomination-based community of 30 hugely talented young sustainability and energy professionals who have already achieved great things or are showing fantastic promise. Up next: M&S Property's R&D manager, Oliver Knowles.

The groups are also calling for nuclear to be included in national emission reduction plans

Nuclear industry warns that planned closures could derail global net-zero transition

Key groups representing the global nuclear industry have penned an open letter to world leaders warning that the proposed retirement of existing nuclear plants could derail the net-zero transition, calling for the technology to have the same access to climate finance as renewables.

Under some scenarios being explored by the Government, solar PV capacity could reach between 80-120GW of capacity

Government ponders 120GW of solar to help reach net-zero

On the same day that the Energy White Paper was unveiled, the Government also launched a new consultation on how financing and deployment of renewable technologies can accelerate action towards net-zero, with up to 120GW of solar capacity mooted as a means to quadruple green energy nationally.

COP26 Primer: Clean Energy

edie’s COP26 Primer Reports are about seizing the green opportunity. Produced in the run-up to the official talks, this mini-series of reports are based on the five key themes of COP26: Clean Energy, Clean Transport, Climate Resilience, Nature-Based Solutions, and Climate Finance.

The guide is free to download for edie users

edie launches new business guide on flexible energy for net-zero

edie has today (10 May) launched a free guide outlining the key considerations, challenges and opportunities for businesses looking to trial and deploy flexible energy solutions.

Pictured: Scotland's Whitelee wind farm

Report: UK must more than double onshore wind capacity by 2030 to meet climate targets

RenewableUK is urging Ministers to set specific, legally binding 2030 targets for renewable energy generation to help deliver its net-zero target, including growing the nation's onshore wind capacity to 30GW.

The edie Communications Handbook 2021

This handbook, developed as part of edie’s Engagement Week 2021, provides you with the best-practice advice and expert insight you need to relay the importance of sustainability to key stakeholders.

Community campaigns can cover all manner of environmental topics, from habitat creation and restoration to phasing out plastics and lobbying for stronger climate policy

Cutting through cynicism: Why are community-level environmental campaigns so effective?

The debate around individual choices versus action from nations and big businesses has been ongoing in the environmental space for decades. But, increasingly, campaigns that are somewhere in the middle, at community level, are leading the way when it comes to getting results.

Thousands of farms across Europe form Arla's supply chain, which it describes as a "micro food system"

Arla unveils new measures to help farmers self-generate renewable energy

After pledging to become a net-zero business, dairy major Arla Foods has outlined new measures to help farmers across the supply chain generate their own renewable energy and sell any excess.

Pictured: The rooftop solar array at Amazon's Tilbury fulfillment centre

Amazon reveals plans for 26 new large-scale renewable energy projects

Amazon has confirmed a major renewable energy investment project that will see it finance the construction of 26 new wind and solar projects totalling 3.4GW of generation capacity.

McDonald's has been one of the largest corporate renewable energy purchasers in the US since 2008

McDonald's to finance three major new renewable energy projects in the US

McDonald's has completed new virtual power purchase agreements (VPPAs) for two major wind farms and a large portfolio of solar projects across three US states.

Pictured: Offshore wind turbines near Copenhagen

Electrified heat and hydrogen: Renewable energy deployment 'must grow fivefold by 2030'

To ensure that the global energy mix transitions in line with net-zero, wind and solar will need to be deployed at least five times faster than current rates by 2030 and hydrogen investment must scale dramatically.

edie explains: Science-based targets

What makes emissions targets "science-based"? How can businesses go beyond 2C alignment and strive for 1.5C? And what role do these targets play in the net-zero movement? This free edie explains guide answers all of these questions and more.

Coal and gas demands could be higher this year than in 2019, but oil is set for a far slower recovery

Global energy emissions set to rebound as Covid-19 lockdowns lift, IEA warns

Global energy demand is rebounding rapidly from the Covid-19-related slump, with fossil fuels set to play a major role in meeting this demand, the International Energy Agency (IEA) is warning.

Pictured: Off-grid, small-scale solar at a previous Ikea Foundation-funded project. Image: Ikea Foundation

Ikea Foundation to spend €1bn on climate programs within five years

Retail giant Ikea's charitable arm has outlined plans to spend an additional €1bn on initiatives supporting the low-carbon transition within five years.

 On average, supply chain emissions are up to 11.4 times higher than operational emissions

Salesforce launches new cloud hub for supply chain emissions

Salesforce has unveiled a new cloud-based hub that enables companies of all sizes to track and measure value chain emissions.

All edie podcast episodes can be listened to via iTunes, Spotify and Soundcloud

Net-Zero Business podcast: Inside the UK's low-carbon heat transition

In response to the accelerated pace at which corporates are examining and setting net-zero targets to help alleviate the climate crisis, edie's monthly Net-Zero Business podcast was created. Up next, we talk low-carbon heat with Centrica Business Solutions and the Heat Pump Federation.

EO Charging is providing the hardware, software and operational oversight for the chargers across the UK

Amazon installs more than 800 EV chargers at UK sites

Amazon has confirmed that more than 800 electric vehicle (EV) charging points have been installed across its UK sites with "hundreds more" scheduled, as part of an ongoing partnership with Suffolk-based EO Charging.

Image: Joppe Rog/Patagonia. 

Patagonia launches campaign urging Brits to support community renewable energy

After successful campaigns on renewable, community-owned energy projects in the US and EU, Patagonia has begun supporting UK residents to follow suit.

Hydrogen pipes are seen at an oil refinery and gas processing plant in the Uralsk region, Kazakhstan

Gas grid operators outline plans for expanded EU 'hydrogen highway'

Gas network operators from 11 countries have joined the European hydrogen backbone initiative, presenting an updated vision for a pure hydrogen network of nearly 40,000km by 2040.

Heineken is also joining the Business Ambition for 1.5C, the Race to Zero and the RE100 programme to accelerate decarbonisation and increase clean energy uptake

Heineken targets carbon-neutral value chain by 2040

Global brewer Heineken has unveiled a new corporate strategy to become carbon-neutral across its operations by 2030 and then across its entire value chain by 2040.

Pictured: Turbines at the Whitelee wind farm. Image: ScottishPower

ScottishPower planning 'UK's largest' green hydrogen electrolyser near Glasgow

With the publication of the UK's Hydrogen Strategy imminent, ScottishPower has unveiled plans to build a 20MW electrolyser, co-located with its Whitelee onshore wind farm.

The report warns that failure to support the already struggling sector could result in the UK becoming a buyer, rather than supplier, of green energy and technology

North Sea energy sector requires 'urgent investment' to reach net-zero

Investment into net-zero technologies such as floating offshore wind and clean hydrogen could capture up to £125bn in annual benefits from the North Sea energy sector, but a new report has warned that jobs in the area could fall by at least 20% without incentivising policies.

Support continues for fossil gas amongst many member states and politicians, who continue to call for new, often ‘hydrogen ready’, infrastructure

Europe risks €87bn in stranded fossil gas assets, report reveals

Europe is already building or planning to build €87bn worth of fossil gas infrastructure in a continued expansion of pipelines and LNG terminals, despite the need to halve emissions by 2030, according to a new report published on Thursday (8 April).

The commitment will support a broader $1.5trn sustainable finance goal that is aligned with the UN Sustainable Development Goals

Bank of America commits $1trn to global sustainability initiatives

The Bank of America has increased an existing $300bn sustainable business initiatives fund to attempt to mobilise $1trn by 2030 for initiatives that will support the net-zero transition.

The net-zero commitments cover business operations, digital infrastructure and the sector’s historic emissions

Crypto Climate Accord aims for 100% renewables and net-zero digital currency by 2040

A new global accord has been set up to align the swelling cryptocurrency market with the ambitions of the Paris Agreement by ensuring that blockchain and energy-intensive currency mining systems are powered by renewables and reach net-zero emissions by 2040.

RouteZero will support the UK’s efforts to mobilise climate action in the build-up to COP26

RouteZero: Climate Group launches new initiative to decarbonise road transport

International non-profit the Climate Group had partnered with the UN High-Level Climate Champions to launch a new initiative aimed at getting businesses, cities and regions to completely decarbonise all forms of road transport.

The guide is free to download for edie users

edie launches new business guide on net-zero carbon heating

edie has today (7 April) launched a new guide detailing everything businesses need to know and consider when looking to decarbonise heating in line with the net-zero movement.

Apple will share experience and knowledge gained from its own move to 100% renewable energy to support suppliers taking up clean energy

More than 100 Apple suppliers to switch to 100% renewables

Apple has revealed that more than 100 of its manufacturing partners across the supply chain have agreed to source 100% renewable electricity for the production of Apple products, a move that looks set to avoid more than 15 million tonnes of carbon emissions annually.

Earlier this year, Etsy set science-based targets and pledged to reach net-zero emissions by 2030

Etsy to offset emissions from packaging materials

Online retailer Etsy has confirmed its intention to offset all of the carbon emissions associated with its packaging, as it builds towards its net-zero emissions commitment set for 2030.

When fully operational, the windfarm will provide enough clean electricity to power more than 4.5 million UK homes and it is expected to trigger capital investments of around £9bn in total

World's largest offshore windfarm reaches £6bn financial close

Financial close has been confirmed on two phases of the world's largest offshore windfarm, Dogger Bank, with capital expenditure reaching around £6bn, which is the largest offshore wind project financing globally.

The latest draft text, obtained by EURACTIV, “significantly weakens the priority given to renewable hydrogen,”

Renewable or 'low-carbon'? EU countries face off over hydrogen

EU member states are fighting over which type of hydrogen to support, with two opposing camps facing off: those backing green hydrogen produced exclusively from renewable electricity, and those in favour of a broader "low-carbon" definition, which also includes nuclear power and decarbonised gases.

A drop in energy demand and increased uptake in renewables are accountable for parts of the decline

Emissions covered by EU pricing markets fell 12% in 2020

Emissions regulated under the European Union's (EU) carbon market decreased by more than 12% last year, with the coronavirus severely limiting energy demand and industrial output.

Horizon Organic is aiming to achieve carbon neutrality before going beyond that milestone by removing or preventing additional carbon emissions

Danone-owned dairy giant unveils lifetime carbon emissions for its products

Horizon Organic, the largest USDA certified organic dairy brand in the world, has publicly disclosed the summary of life cycle assessments (LCA) for its whole milk half gallons, in a bid to outline areas of improvement as it strives to become "carbon positive" by 2025.

The UK has bounced around the top seven of the rankings for the last few years

UK climbs to fifth for global renewables market outlook

The UK has leapfrogged Germany to rise to fifth in the rankings for national attractiveness of renewable energy investment and deployment opportunities.

The Government believes that the 12GW target will provide equivalent energy outputs to power 20 million electric vehicles annually

Government targets 12GW of renewables in latest CfD auction

The Government is aiming to double the amount of renewable energy procured through its Contracts for Difference (CfD) scheme, with 12GW of wind and solar energy being targeted.

Eshcon director Anya Ledwith (left) and compere Julia Bradbury (right) present the award

What makes a sustainability leader? Meet water management champions The Coca-Cola Foundation and WWF UK

With the 2021 Sustainability Leaders Awards approaching, this new feature series showcases the achievements of the 2020 winners and reveals their secrets to success. Up next: The winner of our Water Management Project of the Year award, The Coca-Cola Foundation and WWF UK.

Pictured: Staff at Molson Coors' Burton brewery. Image:Molson Coors via CityPress 

Molson Coors set for 100% renewable electricity switch in the UK

Molson Coors Beverage Company, which produces drinks for brands including Carling and Doom Bar in the UK, has signed a power purchase agreement (PPA) that will enable it to transition to 100% renewable electricity in the UK.

Pictured: An artist's impression of co-located renewable electricity generation and flexibility assets. Image: Wärtsilä

UK must dramatically scale battery energy storage to meet net-zero, report reveals

If the UK is to align its energy sector with its net-zero target, domestic capacity for energy storage and other assets that enable flexibility will need to grow to 49.5GW this decade.

The report shows how fossil fuel investments have begun to underperform, while renewable energy investments increasingly outperform

Report: Investors ditching fossil fuel stocks as value drops by billions of dollars

The value of share offerings in fossil fuel firms has plummeted by $123bn since 2012, a new report has revealed.