UK sees largest fall in greenhouse gas emissions

Greenhouse gas emissions fell by the greatest amount of any European Union (EU) member state during 2015, according to newly released figures.

The UK reduced its emissions by the equivalent of 19.4 million tonnes of carbon or 3.7%, bucking the wider trend for the EU, which saw its total emissions rise by 0.5%.

Spain, Italy and the Netherlands posted the largest rises.

The European Environment Agency (EEA) blamed rising demand for transport for the increase in emissions, despite vehicles...

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Offshore wind development in UK rebounds

The Crown Estate has predicted that 2017 will be the busiest year for the offshore wind industry since 2010.

The seabed owner’s latest report revealed 1,463 offshore wind turbines were operational in UK waters by the end of 2016, with a further 830 turbines under construction and seven sites expected to reach first power before Christmas.

Huub den Rooijen, Director of Energy, Minerals & Infrastructure at The Crown Estate, said:

“2016 has been another strong year for the UK offshore wind...

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Renewables fundraising ‘overtakes’ conventional energy

The amount of money raised by renewables-focused investment funds has overtaken that raised by conventional energy investment funds for the first time, according to analysts at data company Preqin.

In the year-to-date, nine renewables funds have raised $5 billion (£4bn), compared with the $2bn raised by conventional energy funds.

There are currently 73 renewables-focused funds trying to raise a combined $35bn, compared with 52 funds that are targeting $29bn to deploy in conventional energy.

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Sector Round Up 13th June 2017

EDF snaps up Imtech

French utility giant EDF has bought engineering services firm Imtech from private equity firm Endless.

Imtech turns over £400 million a year and has 2,100 staff. Imtech works for construction, industrial, commercial and public sector clients in the UK and Ireland.

Completion of the deal is subject to merger control clearance from the European Commission.

EDF already provides energy services in France through its Dalkia subsidiary.

> Read EDF's announcement

 

Solar...

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Businesses can ‘fill the gap’ after Trump’s Paris withdrawal

US President Donald Trump’s decision to withdraw from the Paris agreement to tackle climate change has drawn fierce criticism from environmental and business lobby groups.

Trump announced the US was leaving for economic reasons, saying the deal would cost American jobs although Secretary of State Rex Tillerson said the US would still curb emissions.

But Erich Pica, Director of Friends of the Earth US, said: “The world must unify in treating Trump as a pariah and not as an excuse for...

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Embedded generation rises 6% in past year

Embedded generation connected to the local distribution networks rather than the transmission network has seen a 6% year-on-year increase according to latest figures.

Energy market data firm ElectraLink compared total embedded generation in the UK between Q1 2016 and Q1 2017.

ElectraLink said analysis of electricity market settlement data showed much of the growth in embedded generation came from renewable energy sources such as wind and solar generators. In March 2017, the generation of...

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More detail urged on Scottish energy plans

Trade body Scottish Renewables has called on the Scottish Government to “spell out” in detail how it will reach its 2050 energy targets.

In its response to the administration’s draft energy strategy, the organisation wants “clear action plans” for how Scotland will source the equivalent of half of all the energy consumed in the country from renewables by 2030.

It also demands details on how transport and heat will be decarbonised, alongside electricity.

Scottish Renewables added that...

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Higher carbon taxes needed to tackle climate change say experts

The cost of emitting carbon dioxide must rise to $50-100 per tonne by 2030 if the world is to avoid the worst effects of climate change, according to a group of 13 senior economists.

The High-Level Commission on Carbon Prices, led by Nobel Laureate Joseph Stiglitz and Lord Nicholas Stern, said an intermediate step of $40-80 by 2020 was also needed.

Chancellor Philip Hammond announced in last autumn’s Budget that the UK’s carbon floor price would be frozen at £18 ($23) per tonne of carbon...

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European MPs back more effective emissions policy

The European Parliament’s Environment Committee has unveiled tougher emissions targets.

Members of the European Parliament (MEPs) have proposed stricter goals for the Effort Sharing Regulation (ESR) than those originally drawn-up by the European Commission.

MEPs want the starting point for emission reduction measures to be the current real emission levels.

Environmentalists think the change will cut emissions by nearly 400 million tonnes.

‘More work needed’

Wendel Trio, Director of Climate ...

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Battery storage finances ‘challenging’ finds survey

Securing finance for battery storage projects is “challenging” according to a survey by The Energyst magazine.

Nearly two-thirds of the 54 companies and public sector organisations that responded to the poll are concerned about revenues from battery storage.

Around half have worries over whether the UK Government will keep its policies stable.

Half of the companies are considering the installation of batteries, while three already have done so.

Payback expected within seven years

Three...

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