News
News
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Flotation Energy and Vårgrønn partner for offshore wind in Scotland
Flotation Energy and Vårgrønn have announced an offshore wind partnership to support oil and gas decarbonisation in Scotland. They intend to generate renewable energy from offshore wind farms to enable the electrification and decarbonisation of offshore oil and gas installations in the North Sea. The two companies will apply for leases in Crown Estate Scotland’s […]
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Climate change could give farming companies a $150bn loss
Farming and food companies could be at a $150 billion (£132bn) loss by 2030 without adaptation to policies and opinions around climate change. That’s according to a new report by the UN’s Race to Zero campaign. The report analyses the impact of governmental carbon prices and consumers’ decision to reduce meat consumption on the profit […]
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‘Energy efficient homes could save the economy £7bn a year’
The UK economy could benefit from £7 billion a year if homes are insulated and heat pumps are installed. That’s according to research by Cambridge Econometrics, which claims that making these changes would not only protect consumers with the cost of their energy bills but create 140,000 jobs in the process by 2030. The research […]
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‘None of the G20 are cutting carbon quick enough’
No member of the G20 is decarbonising at the correct rate to achieve the aims of the Paris Agreement. That’s according to a study by PwC, which claims that the required dip in carbon emissions needed to limit global warming to 1.5°C is falling short of the mark – with nine of the G20 actually […]
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Energy bill freeze? It’s a fix!
The government has confirmed that an energy bill discount will be applied to customers on fixed energy tariffs. Fixed energy deals are contracts that keep the same price for bills for 12 or 24 months. Last week, the government unveiled a new package designed to help households that could see their energy bills rise to […]
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Macquarie sells North Sea offshore wind farm stake
Macquarie European Infrastructure Fund 5’s 15.5 % stake in Lincs Offshore Wind Farm in the North Sea has been sold to funds managed by Octopus Energy Generation. Lincs is situated in the North Sea, eight kilometres off the east coast of England. The 270MW offshore wind farm, which started operations in 2013, features 75 turbines and powers […]
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Almost half UK households struggling with energy bills
Nearly half (48%) billpayers find it ‘very or somewhat difficult’ to pay for the energy they use. That’s one of the key findings of the latest survey by the Office for National Statistics (ONS) which shows that Britons are still concerned about the rise in energy bills and the cost of living crisis. It is […]
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Spraying Earth’s poles with aerosol – the answer to global warming?
US boffins have proposed a method that could keep rising temperatures at bay. It involves jets flying at very high altitudes, which would spray aerosol particles into the atmosphere – these, in turn, could shade the surface beneath, allowing the melting poles to refreeze. This would then in theory, cool the planet and put a […]
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Germany seizes control of Russian-owned oil refineries
Germany has today announced it is taking control of three Russian-owned refineries. The Federal Network Agency, the German electricity and gas regulator has said it has been appointed fiduciary of Berlin-based Rosneft Deutschland GmbH and RN Refining Marketing GmbH. It has been reported that the decision has been to help the country secure energy supply ahead of […]
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US announces new floating offshore wind target
The Biden-Harris Administration has today announced a new 15GW floating offshore target. Officials said this capacity is forecast to power five million homes and lower energy costs by 70% by 2035. In a statement, the Biden-Harris Administration said: “Today’s actions will position the US to lead the world on floating offshore wind technology. “Globally, only 0.1GW […]
Quotes
The cheapest kWh of energy is the one you don't use Delvin Lane, Head of Energy 360, British Gas