With the payback time of rooftop solar panels now just six years, households could benefit from 19 years of “essentially free” electricity during the remainder of their lifespan, according to the Energy and Climate Intelligence Unit (ECIU). Solar farms are becoming ever more cost efficient, costing a low of £54 per MWh. This is much
For over a decade, the largest scientific uncertainty about how the planet will respond to warming temperatures hasn’t come from how much carbon dioxide will be soaked up by the ocean or absorbed by the trees. It’s come, instead, from clouds. The fluffy, whimsical collections of water droplets floating in the air have, for some
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
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
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
The CEO of SSE has warned that the Government's windfall tax damages the economic viability of running hydroelectric plants during certain periods of time. The head of SSE has warned that Chancellor Jeremy Hunt's new windfall on energy companies could threaten the UK's energy security, as the firm may be forced to reduce its electricity output to
Major wind turbine makers are reporting massive losses and laying off swaths of employees. Siemens CEO sees supply chain snarls as a major challenge to future growth. European wind companies have also financially overextended themselves. Why isn’t wind power going gangbusters? In Europe, the energy crisis is causing solar power growth to break record