Colombia launches offshore wind round
Colombia has launched its first offshore wind auction, in a process expected to take around 10 months.
Energy Transition
BP set to take control over solar arm Lightsource
BP has agreed to acquire the remaining majority interest in Lightsource BP, the solar and battery storage developer it bought into in 2017.
Insurance is an increasing bone of contention for transition
Governments continue to increase focus on the potential for green growth, as the UK launches a £960 million investment programme. Meanwhile, insurance is going to play a central role in the effective transition to a nature-positive net zero economy, as no projects (and no fossil fuel exploitation) will occur without the appropriate insurance. The EU is currently under fire for failing to make transition plans mandatory for insurers under forthcoming Solvency II regulations, while Lloyds has taken a step forward with the launch of a consultation on the transition.
TNFD: an opportunity for greener energy pensions?
Sarah Lown, legal director at Eversheds Sutherland, explores the interplay between the Taskforce on Nature-related Financial Disclosures (TNFD) and pensions, with a focus on the energy sector.
Europe’s battered wind sector starts to find hope in year of crisis
The crisis engulfing Europe’s wind industry is proving to be a wake-up call: things have to change radically to make progress on what’s a key part of the climate transition.
Navigating energy procurement in a net zero world
Chris Maclean, chief executive of True, discusses the importance of energy procurement in the climate crisis and how it will help businesses transition to renewable solutions.
Major new report delivers blunt message for North Sea industry
An international coalition of energy industry leaders is today calling for a rapid “phase down” of fossil fuel production to help slow global warming.
Report finds only 8% of global energy companies on track to meet 2050 net zero targets
A new report by global consulting firm Accenture (NYSE:ACN) has found only 8% of energy sector companies worldwide are on track to achieve net zero emissions by 2050.
Oil industry confident, but passive, in energy transition, report finds
The oil and gas industry is taking a “passive versus proactive approach” the energy transition, according to a new report from Aecom.
Data at the heart of ESG reporting: the benefits to the energy sector
The energy sector increasingly leverages data capture and analysis to inform and measure progress on the transition and to enhance ESG reporting capabilities, writes Massimo Valsania, VP engineering at services company EthosEnergy.