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News

Offshore wind: Report warns 'inflexible' rules risk stifling developers at £1.5bn cost to UK bills

Wind

Offshore wind: Report warns 'inflexible' rules risk stifling developers at £1.5bn cost to UK bills

Concerns continue to mount that next month's Contracts for Difference auction may fail to deliver on UK ambitions for offshore wind capacity

clock 17 August 2023 • 5 min read
Report: Global voluntary carbon credit market primed to reach $250bn by 2030

Investment

Report: Global voluntary carbon credit market primed to reach $250bn by 2030

Voluntary carbon market currently valued at less than $500m annually could hit $1.5tn by 2050, according to Barclays

clock 17 August 2023 • 4 min read
'Architects of their own energy usage': Home energy flexibility measures could unlock £14bn savings in 2040, report finds

Energy

'Architects of their own energy usage': Home energy flexibility measures could unlock £14bn savings in 2040, report finds

Widespread adoption of time-of-use tariffs, smart meters, solar panels and batteries could cut UK household electricity costs by £4.6bn per year in 2030 and £14.1bn in 2040, new analysis finds

clock 17 August 2023 • 5 min read
Occidental inks $1.1bn deal to snap up DAC specialist Carbon Engineering

CCS

Occidental inks $1.1bn deal to snap up DAC specialist Carbon Engineering

US oil producer agrees to snap up all outstanding shares in Canadian carbon removals technology developer with ambition to scaling DAC technology worldwide

clock 16 August 2023 • 3 min read
BP leads $12.5m investment in green hydrogen specialist Advanced Ionics

Technology

BP leads $12.5m investment in green hydrogen specialist Advanced Ionics

Green hydrogen electrolyser developer also crowds in backing from Clean Energy Ventures, Mitsubishi Heavy Industries, and GVP Climate in series A funding round

clock 16 August 2023 • 3 min read
Sainsbury's to use cardboard coat hangers for its Tu baby clothing range nationwide

Recycling

Sainsbury's to use cardboard coat hangers for its Tu baby clothing range nationwide

Ditching plastic hangers for its babywear range across 400 stores across UK expected to save over 100 tonnes of plastic

clock 16 August 2023 • 1 min read
Government hands out over £3m to support green AI innovations

Technology

Government hands out over £3m to support green AI innovations

Government confirmed 12 projects to receive share of £1m backing alongside further funding under its AI for Decarbonisation Programme

clock 16 August 2023 • 2 min read
Electric truck developer Tevva plots US move after merger deal with ElectraMeccanica

Investment

Electric truck developer Tevva plots US move after merger deal with ElectraMeccanica

Start-up intends to maintain electric truck factory in Essex but will shift headquarters across the pond after agreeing merger deal with US electric vehicle manufacturer ElectraMeccanica

clock 16 August 2023 • 4 min read
Stonewater agrees £200m sustainability-linked loan to help retrofit 36,000 homes

Investment

Stonewater agrees £200m sustainability-linked loan to help retrofit 36,000 homes

Fresh finance will allow the housing association to retrofit its existing stock in order to achieve at least EPC C earlier than 2030

clock 16 August 2023 • 2 min read
Government urged to draw up 'investment grade delivery plan' for green energy transition

Investment

Government urged to draw up 'investment grade delivery plan' for green energy transition

UK Energy Research Centre (UKERC) warns of 'looming private investment gap' for delivering on climate and green energy targets

clock 16 August 2023 • 5 min read
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