First COP26 leading sponsors announced: SSE, ScottishPower, Natwest Group & National Grid have been reported as the first sponsors of the COP26 climate summit.
With one year to go before the event takes place in Glasgow in November 2021, the government announced the Principal Partners will carry the delivery of a successful & ambitious COP and says they represent “some of the leading lenders, investors and energy companies in the UK”.
Each of the organisations have by now set net zero promises and Science Based Targets – still, SSE has faced adverse reactions from climate groups after the announcement, on the basis that it is now building a new gas power station (Keadby 2) located in the UK.
Despite this, the government stated: “These partnerships demonstrate the COP26 Presidency’s commitment to working with businesses who have credible science-based carbon emission reduction plans that are in line with the goals of the Paris Agreement.”
The three energy businesses involved have today validated they are scheduling to build a multi-billion pound “underwater super-highway” to make the North Sea “become the hidden powerhouse of Europe”.
The Eastern Link’s undersea HVDC cables will boast a mixed capacity of up to 4GW & significantly raise the UK’s competence to adopt renewable power into its mix at scale – plenty of electricity for about four million homes will be sent around 440 kilometres from the east of Scotland to Selby & Hawthorn Point in north England.
The companies say the project will help the UK supply chain & deliver hundreds of green jobs around construction and operation.
COP26 President Alok Sharma announced: “I am delighted to announce our first sponsors for COP26, who have all shown ambitious climate leadership through setting net zero commitments and Science Based Targets.
When it comes to climate action, we all have an important role to play. Only by continuing to come together can we build the zero carbon, climate-resilient future that is essential for our people and our planet.
Keith Anderson, CEO of ScottishPower, added: “Tackling climate change and delivering the infrastructure that will support Net Zero is a huge opportunity for the UK. At ScottishPower, we have recognised the opportunity this challenge holds and seized it, leading us to make the major decision two years ago to remove all coal and gas generation from our portfolio to focus solely on renewables.
“For Glasgow, our operational headquarters, COP26 offers a fantastic opportunity to showcase what has already been achieved in the UK on the journey to Net Zero and to learn from others the steps needed to ensure we meet our climate change targets. We’re very proud to be able to play a part in it.
“The next five years are absolutely critical and we will be investing £10 billion in the clean energy generation and networks infrastructure needed to help the UK decarbonise.”
First COP26 leading sponsors announced