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2020 Centrica’s profits down by 31%

2020 Centrica’s profits down by 31%: In 2020 Centrica saw annual underlying operating profits from it’s operations slump by almost 1/3, reaching an astounding £447 million. It is predicted by the owner of British Gas that significant uncertainties will continue this year, they also report a £362 million loss from continuing operations last year .…
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Energy advisor Utility Alliance goes under

Energy advisor Utility Alliance goes under: Utility Alliance, the energy consultancy, is going into administration as hundreds lose jobs. The halting of operations is evaluasted to turn out in a loss of 310 jobs in Hartlepool, Sheffield & Newcastle. As claimed by reports, Utility Alliance’s Directors say the pandemic jolted the company hard, resulting in…
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Households to see £24 yearly increase in energy bills

Households to see £24 yearly increase in energy bills: From 1st April customers with standard variable tariff may notice their bills go up by £23.69 Ofgem has revealed intentions to change the default tariff price cap in response to increasing bad debt costs because of the coronavirus pandemic. The ‘Adjustment Allowance’ was set up in…
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Its likely COP26 may be postponed again due to COVID

Its likely COP26 may be postponed again due to COVID: A Scottish official has been reported as saying the COP26 climate summit may be postponed for a 2nd time if the condition  with the COVID-19 pandemic gets worse. The United nations gathering was first postponed last year & is currently due to take place from…
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Turn off camera during online chats to cut emissions

Turn off camera during online chats to cut emissions: Turning off the camera throughout a one hour virtual meeting may reduce 25 times the carbon footprint of a call as opposed to when the camera is turned on. That’s one of the conclusions of recent research produced in the journal Resources, Conservation and Recycling, that…
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Govt: £213m to combat climate change & COVID-19

Govt: £213m to combat climate change & COVID-19: The government has reported £213 million in new funds to assist researchers in tackling mankind’s largest challenges, for instance climate change, the COVID-19 pandemic & terrorism. The funds, that is being brought about as a section of the Research & Development Roadmap, will be used to supply…
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102 million plastic masks binned weekly driving UK waste

102 million plastic masks binned weekly driving UK waste: As many as 102 million single-use facemasks are now being thrown away each week all over the UK. The North London Waste Authority (NLWA) reports this shocking side effect of the coronavirus pandemic is “creating a huge new plastic pollution problem” & is initiating a campaign…
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Wind energy set for continued growth despite Covid-19

Wind energy set for continued growth despite Covid-19: The wind energy industry is on track for continued growth in the next 5 years despite the effect of the Covid-19 pandemic. That is as reported by a new report from the Global Wind Energy Council, that forecasts from 2020 to 2024 the global wind energy market…
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Iberdola profits soar to €2.68bn in first 9 months of 2020

Iberdola profits soar to €2.68bn in first 9 months of 2020: The Spanish renewable energy titan Iberdrola announced for the first nine months of the year, a 4.7% net profit growth to €2.68 billion (£2.4bn). The company accredit this progress to an increase in installed renewable volume & the operational efficiency of its renewable business.…
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Solar energy could be world’s leader of electricity markets

Solar energy could be world’s leader of electricity markets: In the wake of the coronavirus crisis, solar energy could emerge as “the new king of the world’s electricity markets”, which the International Energy Agency (IEA) says will reshape the future of energy forever. In a new study, the organisation explores a number of different scenarios…
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