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British Utilities - Union Flag

Further green invest might result in diminishing returns

Further green invest might result in diminishing returns: Treasury has apparently warned over diminishing returns that green spending could have. The Observer announced that a leaked document that followed a presentation to essential groups outside the government stated the investment needed to help the UK attain its net zero target is ‘uncertain’ & the advantages…
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British Utilities - Union Flag

Taking off at Vienna Airport is largest solar PV plant

Taking off at Vienna Airport is largest solar PV plant: Austria today announced plans to construct the country’s largest solar PV facility near Vienna’s international airport. The solar project, which is expected to contain 55,000 panels, would span a surface area of 24 hectares. The Vienna Airport intends to invest €33 million (£27.9 million) on…
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British Utilities - Union Flag

A £5.8bn investment has been put into green initatives so far

A £5.8bn investment has been put into green initatives so far: Since the Prime Minister’s Ten Point Plan was announced in November, more than £5.8 billion has been invested in green projects. This is according to recent statistics from the Department for International Trade, which also indicated the creation of 56,000 new employment in the…
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British Utilities - Union Flag

‘Toolbox’ launched by EU to tackle global energy price rise

‘Toolbox’ launched by EU to tackle global energy price rise:  The European Commission has developed a “toolbox” to assist member states in dealing with the immediate effect of current energy price hikes while also strengthening resilience to future shocks. While many member countries have already announced national price-cutting measures, others are turning to the Commission…
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British Utilities - Union Flag

Doubling onshore wind would take bill pressure off

Doubling onshore wind would take bill pressure off: To decrease energy bills, the sector has pushed the government to quadruple the onshore wind objective by 2030. RenewableUK predicts that doubling the country’s onshore wind capacity to 30GW may lower consumer costs by £16.3 billion by 2030. According to the trade organisation, this would result in…
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British Utilities - Union Flag

COP26 is not a photo op said Alok Sharma

COP26 is not a photo op said Alok Sharma: The COP26 President-Designate stated earlier today that the conference is not a photo opportunity or a discussion forum. “COP26 is not a photo op or a talking shop. It must be the forum where we put the world on track to deliver on climate.” said Alok…
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British Utilities - Union Flag

£2T in pension schemes not aligned with Paris Agreement

£2T in pension schemes not aligned with Paris Agreement: About £2 trillion invested in UK retirement pots are misaligned with the Paris Climate Agreement. A current study by Make My Money Matter projects a staggering 71 of 100 major pension funds have not made ‘robust’ net zero emissions commitments yet. The writers of the study…
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British Utilities - Union Flag

Almost all hydrogen production today is not low carbon

Almost all hydrogen production today is not low carbon: Nearly all hydrogen produced currently is not low carbon, because it originates from fossil fuels without using carbon capture technology. This is as reported from the International Energy Agency (IEA)’s Global Hydrogen Review, as it evaluates that global hydrogen production leads to about 900 million tonnes…
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British Utilities - Union Flag

UK beats record with offshore wind production investment

UK beats record with offshore wind production investment: Britain has witnessed a record breaking financing in its offshore wind production sector this year. Fresh research published yesterday by RenewableUK concludes that already reported investments in new factories this year are valued at over £900 million. The trade association believes that this is the greatest yearly…
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British Utilities - Union Flag

Rishi Sunak acclaims the ‘largest’ initial green issuance

Rishi Sunak acclaims the ‘largest’ initial green issuance: The UK’s 1st green bond has been acclaimed as the biggest inaugural green issuance out of any sovereign. The Treasury verified, the Green Gilt produced £10 bn for green projects, containing zero emissions buses & offshore wind. A 2nd issuance is anticipated later in the year. Rishi…
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