UK homes facing £6,000 bill for imported gas over next 12 years
UK homes will send an average of £5,700 abroad to foreign gas producers to heat their homes and water and cook food by the middle of the next decade, new analysis suggests.
Energy Security
Arctic Oil drilling plans revived in Norway as priorities change
Norway’s biggest oil and gas companies are reviving exploration plans in Arctic waters, as the government agitates for fresh discoveries in the Barents Sea to secure the country’s future as a key energy supplier to Europe.
European leaders agree massive ramp-up in North Sea offshore wind
A group of Western European nations led by Germany and France have committed to massively ramping up the production of clean energy from wind turbines in the North Sea, to both meet climate targets and reduce their strategic energy dependence on Russia.
Setback for UK fossil fuel expansion plans as High Court allows legal challenge
The UK High Court has granted Greenpeace permission to proceed with a Judicial Review of the Government’s decision to launch a new licensing oil and gas round, with fossil fuel companies submitting more than 100 licences to explore for new oil and gas.
UK Spring Budget: a missed opportunity for the net zero economy
Chancellor of the Exchequer Jeremy Hunt has delivered his Spring Budget, which may disappoint those who wanted to see more support for the UK’s net zero economy.
Energy Security highest priority in the trilemma, report finds
Concerns surrounding energy security have been found to be higher on the list of priorities than clean and affordable energy for firms globally.
Upgrading homes would turn fossil fuel profits into jobs and work across the UK
As oil companies report record profits, Fiona Duggan, policy and impact lead at Ashden, argues that the Government should enforce a windfall tax properly and use the proceeds to retrofit buildings across the UK.
Disruptive Technology: Global OTEC
Global OTEC has developed a technology that uses ocean thermal energy conversion to provide clean energy to tropical island states.
EIB plans record support for energy security and green economy
The European Investment Bank (EIB) Group has achieved a record €17 billion of green financing in 2022. It is likely to keep it on track to achieve its €1 trillion goal by 2030, which could be instrumental in making the EU more competitive amid the green transition.
Tado to fuel expansion with fresh €43m funding
Tado, a maker of smart home climate management systems, has raised €43 million in a funding round which will use to scale its business and expand its product line, with the goal of becoming profitable in 2023. The company’s products help to address climate targets by improving the energy efficiency of homes.