Search Results for "energy costs"
Octopus’s £3bn offshore wind fund and Cabify’s new EVs: The sustainability success stories of the week
…this week. ENERGY: Octopus Energy launches £3bn offshore wind fund Octopus Energy’s generation fund has this week unveiled plans to invest £3bn in offshore wind projects globally by 2030. The…
Report: UK’s net-zero energy transition requires £900bn investment
…net-zero by 2050. The report claims that the shift to a net-zero energy supply will involve massive investment into renewable generation, network infrastructure and new technologies such as energy storage…
Low-carbon energy to be offered record £227m in next CfD auction
…supply chain disruptions against a backdrop of Covid-19, the energy crisis and Brexit; some projects have seen energy and raw material costs soaring by up to 40%. Whether the new…
UK policymakers face protests ahead of key vote on North Sea oil and gas expansion
…itself behind the Bill using narratives related to energy security and bringing down costs for consumers. Prior to the Bill, Sunak followed in the footsteps of his predecessor Liz Truss…
Fossil fuel finance and corporate inaction: Why are we still failing on SDG 13?
…a funding gap of up to $137trn relating to SDG delivery. Costs have swelled not only in relation to climate, but in fields such as public health and education. Although…
Budget 2024: How Jeremy Hunt sent mixed messages on clean energy
…2030,” said LCP Delta’s head of energy economics and finance Sam Hollister. Aurora Energy Research voiced similar concerns, noting that at least 18GW of offshore wind will need to be…
Shell has ‘misleading’ ads banned in the UK
…The ASA agreed, ruling that the adverts misled by giving the overall impression that low-carbon energy comprised “a significant proportion of the energy products Shell invested in and sold in…
RWE’s $2bn green bond and British tennis’s water bottle refills: The sustainability success stories of the week
…this week. ENERGY: Scottish renewable industry suppliers get funding boost Image: Kent Plc. Pictured: The Beatrice wind farm The UK Government is set to change its flagship renewable energy auction…
Report: Britain’s annual clean energy deployment rates must more than double
…Sarah Long summarised: “From reforming the planning system and strengthening energy networks to bolstering the UK’s supply chain, a more gradual increase in new energy capacity is the most likely…
Free business guide to installing onsite commercial solar
…to tackle high and unpredictable energy costs, while also advancing their net zero goals. Here’s 5 reasons why commercial solar power makes sense for businesses and public bodies: 1. Fast-track your…
Net-zero energy transition: How can we close the annual £4trn financing gap?
…that these nations do not rely on fossil fuels for economic development. This under-funding of clean energy in the Global South has already been repeatedly highlighted by the International Energy…
Heineken: Multi-phase decarbonisation programme at breweries and malt houses
…auditing and advisory services, using an energy digital twin to simulate a typical Heineken brewery. The simulation showed that 70% of energy use was linked to heating and cooling for…
Is the UK losing out in the global EV race?
…of multi-billion-dollar support available through the Inflation Reduction Act. A lack of long-term energy price crisis interventions Automakers warned in summer 2022 that the energy price crisis was hitting manufacturing…
Tetra Pak & Absolicon: Renewable thermal supply for food processing technology
…reliance on thermal energy, a significant portion of its energy consumption. This reliance stems from the use of traditional fossil fuel-powered boilers to generate heat for equipment within food production…
Businesses urged to spearhead global fossil fuel phase-out
…of respondents. Furthermore, 51% find regions with stricter energy laws more appealing for business. Nevertheless, businesses are urging governments to expedite policy actions to bolster the clean energy shift. Leading…
Madrid’s green hydrogen plant and Wembley’s vegetable-powered vehicles: The sustainability success stories of the week
…this week. ENERGY: IRENA and Bloomberg to turbocharge renewables investment According to International Renewable Energy Agency (IRENA), investment into renewable energy technologies reached $0.5trn in 2022, which while promising, is…
Reports: Oil and gas majors continue to slow energy transition and undermine Paris Agreement
…with the energy transition needed to limit global heating in line with the international Paris Agreement on climate. Analysts looked at current and future investment options, future production plans, emissions…
IEA: Net-zero by 2050 means ending fossil fuel expansion now
Putting the global energy system on track to net-zero by 2050 this decade would require just 1% of the money currently poured into the energy sector annually, the International Energy…
Would Labour’s clean energy pledges really cost £100bn more than the Conservatives’?
The Energy Security and Net-Zero Secretary made the claim in a post on X this morning (25 March), citing new research from Aurora Energy Research that was commissioned by Policy…
Reports: Ministers threatened to resign over proposed weakening of heat pump ambitions
…the process of rebalancing gas and electricity costs to bring down the running costs of electrified technologies such as heat pumps. “We are looking at a range of options for…
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