UK Sustainable Investment and Finance Association report finds failure to implement favourable policies could see UK lose out on £115 billion in investment
UK Prime Minister Rishi Sunak said he would roll back some green energy policies while sustaining the country’s long-term carbon emission reduction target, a move that sparked a backlash among Tory MPs and created uncertainty for industry.
The North Sea region is at a critical juncture in its pursuit of sustainable energy. With the impact of the energy crisis of 2022 still being felt, the offshore energy industry is faced with a challenge: how to build a cleaner, more resilient energy system that can withstand the challenges of the future. This challenge requires not only innovation and new solutions, but also a willingness to collaborate across traditional boundaries, and a shared commitment to driving the transition to a more sustainable future.
Britain will classify nuclear power as “environmentally sustainable” as the government tries to attract billions of pounds of private capital to the sector.
Westminster’s intervention in the electricity market risks “mothballing a series of multi-billion pound” green energy projects, a major investor has warned.
Power generation accounts for approximately 30% of global greenhouse gas emissions, and carbon-emitting fossil fuels like coal and natural gas account for 61% of power generation. If the world is to meet the goal of net zero emissions, even as demand for power continues to rise, something has to give.
A new round of Contracts for Difference (CfD) will open in spring next year, the UK Government has confirmed.
As one of the world’s largest exporters of oil and gas, Russia’s inhuman invasion of Ukraine was always going to spark a chain reaction within the industry.
The energy crisis is deepening. There is little doubt that most economies around the world are facing a serious situation and, with recent reports suggesting one in four people in the UK will not switch their heating on this winter, that’s a chilling prospect for our population, particularly the elderly and vulnerable.
Most of Europe has been brutally winded by the energy shortage currently plaguing the continent.
Record-breaking commodity prices resulting in sky-high gas and electricity prices have prompted calls for fundamental market reform. The European Union (EU) announced in September 2022 that it is looking to impose historic interventions in the energy market to rein in soaring commodity prices, including considering a levy on excess profits and potential gas price caps.
Macquarie Group is betting the North Sea - engine of the UK’s once-booming oil and gas industry - can be transformed into the green energy hub of Europe.
BP has made a number of senior appointments as it works to deliver its target of 20 gigawatts (GW) of developed renewables by 2025.
An energy industry consultancy's diversification into renewables is expected to create new jobs in Aberdeen, London and other global locations.
Danish renewable energy giant Orsted plans to directly invest up to £12 billion in Scotland if it is successful with all five of its bids in the ScotWind offshore wind auction.
Developers of Scotland’s largest offshore wind farm are celebrating after the final turbine at the project was successfully installed.
Updated: Aker Offshore Wind promises ‘large early investment’ as part of planned 6GW north-east floating wind development
Ocean Winds (OW) and Aker Offshore Wind (AOW) have pledged to create thousands of high-skilled jobs in Scotland if they're given the green light to build what would be the UK’s largest floating offshore wind development off the north-east coast.
Business leaders are calling on the Government to secure the future of the nuclear industry and support tens of thousands of jobs.
Thailand’s oil giant, whose sales account for about 10% of the nation’s economic output, is suddenly spending billions of dollars on electric-vehicle and renewable-energy companies and tilting its traditional businesses toward chemicals and plastics.
Investors poured more money than ever into renewable energy in the first half of the year, but the pace is far from enough to sufficiently curb increasing carbon emissions.
Less than 15% of the $2.4 trillion in government spending to support the post-pandemic economic recovery has gone to investments in clean energy, according to the International Energy Agency.
Royal Dutch Shell announced late last year it would slash capacity by half at its biggest oil refinery. For Singapore, where the plant has been a mainstay of the economy for six decades, it marked a turning point in one of the most successful bets on fossil fuels in history.
The world’s largest renewables project has been proposed in Western Australia, covering an area half the size of Belgium.
A new investment programme has been launched which will eventually unlock £200 million of public sector investment to help Scotland achieve its net zero target.
The UK and Indonesia have announced the creation of a new joint trade dialogue that will open green energy opportunities for UK companies in Southeast Asia’s largest economy.