Controversial tax hike could leave country lagging behind as continent powers ahead The UK risks being left behind in Europe’s home battery boom because of a controversial tax hike on solar-battery systems, according to a report. The energy consultancy Wood Mackenzie has predicted that Europe’s home battery capacity could climb fivefold in the next five
Companies are trying to 'have their oil and drink it' by committing to 2°C in public while planning for much higher temperature rises, says shareholder campaign group, ShareAction Oil giants Shell and BP are planning for global temperatures to rise as much as 5°C by the middle of the century. The level is more than
Aug. 5 (UPI) -- As more consumer options for greener technologies emerge in the United States, there's a power struggle for control of the electricity market -- between customers and vendors of solar power and utilities that deliver and sell volts to the masses. Net metering -- excess power from a renewable source, like solar,
Bank of England governor says efforts to reverse global warming will lead to 'major changes' in UK economy Companies that fail to respond to the challenges of climate change “will go bankrupt without question”, the governor of the Bank of England has warned. Mark Carney said banks and insurance companies were among firms threatened by
What changes have the experts made to their own lives to tackle the climate emergency? The researcher planning a four-day working week ‘We need to reduce our capacity and urge to consume’ Month after month, there is research showing that climate change is happening faster than we thought. We’re in a car hurtling towards the
Continuously falling battery costs, and rising capacity and usage of clean energy are set to result in booming global stationary energy storage over the next two decades, which will require total investments of as much as US$662 billion. That’s one the key findings of the latest report on new energies by research company BloombergNEF (BNEF)
Battery storage assets were called into action last week after the UK suffered country-wide power outages following a transmission system stress event. Last Friday evening (9 August 2019), two large generators were disconnected from the UK’s power system almost simultaneously, effectively taking 2GW worth of electricity generation within minutes of each other. That collapse in
Without bolder action to reduce greenhouse gas emissions the world will not meet the goals set by the Paris climate accord, according to a new report by Wood Mackenzie. Analysis in the 'Energy Transition Outlook' indicates that the world is on a trajectory for global warming above pre-industrial levels of three degrees Celsius rather than
The climate disaster isn’t coming. It’s here. July 2019 is now the hottest month in recorded history, the U.N. confirmed on Thursday. At a press conference in New York, U.N. Secretary General António Guterres announced that the month of July had reached 1.2 degrees Celsius above pre-industrial levels, a figure that “at least equaled if
The falling price of renewable energy has been dominating the headlines, but more dramatic change is happening behind the scenes, where battery storage is disrupting the way utilities provide power. The change is driven not just by cheap renewables and cheap batteries, but by the electronics that link them together, said Mark Ahlstrom, the president