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News
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UK Energy Secretary seeks to allay concerns of small energy suppliers
On the day that the UK government’s long-awaited Energy Bill is officially launched, Energy Secretary Ed Davey is hosting a summit for small, independent energy supplier to voice their concerns. The Whitehall meeting with representatives from Co-operative Energy, Cornwall Energy Associates, Ecotricity, First Utility, Good Energy, Haven Power, Loco2 Energy, Opus Energy, Smartest Energy, Spark […]
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UK energy efficiency plan published alongside Energy Bill
Alongside the Energy Bill published today, the UK government is also laying out proposals to radically improve the country’s energy efficiency. Cutting electricity demand by just 10% – equivalent to the output from five power stations – could save around £4 billion in 2030 and cut carbon emissions by 4.5 megatonnes. Reducing electricity use in […]
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UK government’s long-awaited Energy Bill laid before Parliament
UK Energy Secretary Ed Davey put the details of government’s long awaited Energy Bill before Parliament today, which promises to revolutionise the country’s energy market. He said the challenge that faces the country is huge with a massive overhaul of its energy infrastructure required. “The scale of the investment required is huge, representing close to […]
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“Antiquated” climate negotiations obstruct agreement, claims research
As the latest United Nations climate summit (COP18) kicks off in Doha, Qatar this week, researchers say that the “antiquated” structure of the negotiations obstruct agreement. The study led by Heike Schroeder from the University of East Anglia (UEA) and the Tyndall Centre for Climate Change Research argues that the consensus-based decision making used by […]
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Green Investment Banks opens for business with £3 billion
The UK Green Investment Bank (UK GIB) officially opens for business today with £3 billion of government funds to invest in the green economy. After receiving state aid approval from the European Commission last month, the Bank is kicking off activities with two investments: £8 million for a project in the North East of England […]
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Report accuses UK government of slashing support for fuel poverty
A report from the Association for the Conservation of Energy (ACE) out on Monday has accused the UK government of significantly reducing the financial help on offer to the fuel poor. According to the report, despite taking into account all the government’s new policies, the country’s fuel poor have received 26% less money between 2009 […]
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Hitachi closes deal to buy E.ON and RWE’s nuclear venture
Japanese company Hitachi yesterday completed its acquisition of German energy companies E.ON and RWE’s UK joint nuclear venture Horizon Nuclear Power for £696 million. E.ON and RWE set up the 50:50 joint venture in 2009 to develop new nuclear generating capacity at Wylfa on Anglesey in Wales and at Oldbury in Gloucestershire. But earlier this […]
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CCS could cut cost of UK’s carbon targets by 1% of GDP, says report
If the public and private sector can overcome the financing challenges of rolling out carbon capture and storage (CCS), the prize could be huge, according to a new report. The study, Carbon Capture and Storage – Mobilising private sector finance for CCS in the UK, from the Energy Technologies Institute (ETI) and the Ecofin Research […]
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Clean energy investment falling short of international promises
Developed nations’ investment in clean energy generation and biofuels in emerging economies last year fell well short of the $100 billion promised at previous United Nations’ climate summits in Copenhagen, Cancún and Durban. According to a white paper from Bloomberg New Energy Finance (BNEF), cross-border investment to developing nations was just $8 billion last year, […]
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“Emissions gap” between climate change and policies widening, warns UN
Global warming gases like CO2 are increasing and the “emissions gap” between climate change and policies is widening, warns the United Nations Environmental Programme (UNEP). Actions on climate change need to be radically scaled-up and accelerated if temperature rises are to be kept to 2°C, according to the latest report from the organisation. The Emissions […]
Quotes
The cheapest kWh of energy is the one you don't use Delvin Lane, Head of Energy 360, British Gas