Internal projections from one of world’s largest oil producers show an increase in its enormous contribution to global warming Exxon Mobil Corp. had plans to increase annual carbon-dioxide emissions by as much as the output of the entire nation of Greece, an analysis of internal documents reviewed by Bloomberg shows, setting one of the largest
There can be no questioning the pace of technological evolution in solar PV, but recent advancements have caught even the most optimistic of industry stakeholders by surprise. Not long ago, solar modules with outputs of up to 450W hit the shelves and left project developers drooling at the prospect of squeezing more power into each
Developers and planners of new solar sites are continuing to operate at a frantic pace, with no signs of slowing down. Indeed, there are now several different types of developer vehicles in the mix within the UK, with JV’s being announced almost on a weekly basis. During September 2020, over 1GW of new large scale
Jobs in the renewable energy space surged to 11.5 million globally in 2019, according to new figures from the International Renewable Energy Agency (IRENA). It notes that according to the UK National Grid Net Zero Energy Workforce Report, the UK's energy sector workforce employs 144,000 people directly. Of these, some 44,100 people are employed in
Renewables have continued their record-breaking spell as generation remained high in Q2 2020. The technologies scooped up a 44.6% share of electricity generation in the quarter, a record for Q2 and up 9 percentage points on the share in Q2 2019, according to new statistics from the Department for Business, Energy and Industrial Strategy (BEIS).
At the beginning of September, the Climate Assembly appointed by the Government reported its findings. The question it was asked was how the UK could get to net zero carbon emissions in pursuance of its local obligations contained in the Climate Change Act 2008. It has now published a detailed report of its findings, which
Could Exxon be running out of cash? This question stems from an article by Yahoo! Finance that reported on ExxonMobil Corp facing a $48 billion shortfall through next year, which are Reuters and Wall Street estimates. This number was calculated by using cash from operations, commitments to shareholder payouts, and costs for Exxon’s planned massive
Global oil demand, struggling to recover from the coronavirus pandemic, could peak during this decade as electric vehicles become more widespread, according to a new report. Demand for crude worldwide plunged by 16 million barrels per day during the second quarter, the largest drop in a single quarter, according to a Bank of America Securities
There is still ‘little evidence’ that the UK government has confronted the enormous scale of reaching net zero, according to a new report by the Institute for Government. It warns that meeting the challenge of decarbonisation is more challenging than responding to the COVID-19 pandemic or getting Brexit done, as it will require transformations of
It is well known that COVID-19 has caused low energy demand and the growth of renewable energy across Europe. Now, Andrew Tang, Vice President for Energy Storage at Wärtsilä, predicts this will result in swift action to build better grid resiliency. The share of renewable power across Europe has skyrocketed over the last six