News

If new North Sea gas fields were halted, gas production in 2030 would be equivalent to that produced by one offshore wind farm. The new analysis from the Energy and Climate Intelligence Unit (ECIU) is based on statistics from the industry regulator the North Sea Transition Authority (NTSA), and found that installing electric heat pumps in all new homes built from now to 2030 would avoid half as much gas again. New offshore wind farms generate electricity much more cheaply than gas power stations. A 2.7GW wind farm would generate...

Researchers at the University of Aberdeen are pioneering technology that can store renewable energy as green hydrogen within depleted oil and gas reservoirs. This innovative approach not only contributes to Scotland’s net-zero goals but also positions the country to potentially become a hydrogen net exporter. It offers a promising future for previously exhausted oil and gas reservoirs, aquifers, and associated infrastructure like pipelines and wells. One notable benefit of this technology is its ability to address the challenge of excess electricity generation from wind farms. By converting surplus electricity into...

Fifteen million fans attend UK Premier League football matches every year generating 20 million car journeys while UK teams travel over 300,000 miles by air to play overseas matches. It all adds up to vast amount of energy use and thousands of tons of carbon released into the atmosphere. And that doesn’t include the carbon footprint of millions of fans watching football on TV at home. News reports that highlighted carbon emissions of UK football clubs revealed that top clubs playing at European matches produce over 165,000 lbs of Co2...

ISB Global and SAP aim to digitally transform waste management with a focus on recycling, sustainability and zero waste across global supply chains.  At present, a lot of waste management providers still use legacy IT systems, making it extremely difficult to track where waste is going, and in most cases, more recyclable waste is sent to landfill as a result. ISB Global is already a certified SAP partner and global application development partner for Waste & Recycling One (WR1), ISB Global’s flagship integrated software platform. WR1 brings together specialist, integrated...

Greenwashing and false sustainability claims will be outlawed under new rules proposed by the UK Financial Conduct Authority. Greenwashing by investment firms will be banned by a package of new measures including investment product sustainability labels and restrictions on how terms like ‘ESG’, ‘green’ or ‘sustainable’ can be used. The measures are among several potential new rules which will protect consumers and improve trust in sustainable investment products. The work forms part of the commitment made in the FCA’s ESG Strategy and Business Plan to build trust and integrity in ESG-labelled instruments, products and the...

Energy businesses, from legacy through to disruptor, need to show that they are taking action and ensure that customers can choose them from a position of ethics as well as value and customer service. Digitisation, data capture and innovation are vital steps that energy suppliers should be taking now to ensure they are fully equipped on the journey to net zero, says Joseph Tabita, senior VP at Publicis Sapient. “It’s critical to understand where inefficiencies in the business are emerging; to identify ways to cut carbon waste and to realise...

Sustainability and TNFD is a core element of GSK’s net zero journey as the company aims for net positive impact on nature by 2030. Sustainability and TNFD for the pharmaceutical and biotechnology company means reducing its impact on nature across multiple elements of natural capital: water, waste and materials and biodiversity while investing in nature conservation and restoration. The company is collaborating with partners on water, materials and biodiversity initiatives. Finance has a key role to play in delivering its nature goal and represents GSK as a member of the...

When we think about renewable energy, often what comes to mind is the turbine that generates energy from the wind, or a photovoltaic panel designed to capture energy from the sun. Despite the fact that they cover 71 per cent of the Earth’s surface, the ability to generate energy from our rivers, lakes and oceans often seems to go overlooked. But that may be about to change. New technologies that take advantage of tidal streams and river currents have some significant advantages over other renewable energy sources, particularly due to...

European countries are being called to bridge the vast planning gap between their climate targets and plans, according to a report from Clean Air Task Force (CATF). The environmental non-profit organisation analysed that the national energy and climate plans (NECPs) made in 2019 by EU member states are out of date, lack crucial details, and no longer line up with long-term strategies. This comes as only half of the states have submitted a fresh proposal – two months after the EU deadline for draft plans, which passed this June, and...

The Taaleri SolarWind III Fund, which marks Taaleri Energia’s sixth renewable energy fund is classified as a “dark green” fund and exclusively invests in sustainable projects that make a substantial contribution to climate change mitigation. Furthermore, the fund places significant emphasis on reporting the sustainability impact of its investments. Key investors participating in the first...