Solar PV capacity is expected to almost treble over the 2022-2027 period, growing by 1.5TW and surpassing coal as the largest source of power capacity worldwide, according to a report from the International Energy Agency (IEA). In its “Renewables 2022” report, the IEA expects renewables to grow by 2.4TW over the next five-year period, with
DNV has released a new report which indicates the UK is set to miss its 2050 net zero target and has called on industry and government to mobilise a clear roadmap to attain the mid-century goal. Revealed in its UK Energy Transition Outlook (ETO), DNV indicated that although the UK is making waves in the
As of today, less than 10% of the necessary solar and wind power needed for a 2050 global net zero scenario exists, whilst global electricity generation will need to more than triple to 80,000TWh, according to the 2022 BloombergNEF (BNEF) New Energy Outlook. The report outlined two scenarios: a Net Zero Scenario, wherein a feasible,
The Conservatives have given the green light to a new coal mine in an act of climate vandalism which wipes away any trace of environmental responsibility the party has previously tried to portray. With Michael Gove giving the thumbs up for the Woodhouse Colliery in Cumbria, the charade is over. It is the latest in
The intense wildfires that ravaged California in the US in 2020 were responsible for substantial solar energy forecast errors, according to a study led by scientists at the National Center for Atmospheric Research (NCAR). The smoke darkened so much the skies in California that it slashed the state’s solar power production during peak hours
Oil and gas companies are betting on a future in which their production pushes global heating beyond 2.5C, a new report reveals. Shell, TotalEnergies and Chevron are among the majors which recently approved $166 billion (€157bn) of investment in new oil and gas fields over the next decade, according to financial think tank Carbon
The UK government is to relax its de facto ban on onshore wind following growing pressure from MPs. It is to consult on changes to the national planning policy it has announced, following “positive engagement with MPs.” In November, Simon Clarke MP, the former Secretary of State for Levelling Up, Housing and Communities, put forward
PowerMarket have released the results of a study that indicates that if the UK used 5% of available UK commercial rooftop space for solar, it could lead to an estimated £12.6 billion per year in energy cost savings. Detailed within the finds of the Solar Feasibility Study, the results have shown that the 5%
As of today, less than 10% of the necessary solar and wind power needed for a 2050 global net zero scenario exists, whilst global electricity generation will need to more than triple to 80,000TWh, according to the 2022 BloombergNEF (BNEF) New Energy Outlook. The report outlined two scenarios: a Net Zero Scenario, wherein a feasible,
Should loopholes for tax incentives be removed from the UK government’s windfall tax could generate around £22 billion in additional revenue, research from the New Economics Foundation (NEF) has found. The government’s investment allowance loophole is a highly controversial policy that enables oil and gas firms, those that are heavy carbon emitters, to secure around