Category: Energy industry

Investment in clean energy likely to be double figure for fossil fuels in 2024, IEA says

Low-carbon electricity investment driven by solar projects but oil and gas spending still too high to meet climate goalsGlobal investment in low-carbon electricity will rise to 10 times as much as fossil fuel power this year due to an increase in spend…

Read more

Can Labour’s GB Energy plan future-proof UK’s power generation sector?

Party has put state-owned power company at centre of its plans for decarbonisation, security and energy billsLabour is to put a government-owned power company at the heart of the UK’s energy system for the first time since the privatisation of the indu…

Read more

‘We’re up for this fight’: Labour plans to make climate key focus of election

Leadership now sees environment as core issue for voters and strong dividing line against the ToriesLabour is planning to make the climate a key focus for its election campaign, putting its net zero commitments “up in lights”, and drawing a clear link …

Read more

National Grid taps shareholders to help fund £60bn low-carbon energy switch

Infrastructure firm raises £6.8bn to connect homes to renewable energy sources across US and UKNational Grid has tapped shareholders for nearly £7bn to fund a £60bn spending spree to upgrade its networks to cope with the switch to low-carbon energy on …

Read more

Why unions are lobbying Labour over a ‘just transition’ to cleaner energy

Jobs and communities dependent on oil and gas sector must be considered in plan to ban North Sea licences, say GMB and UnitePeace may have broken out between Labour and its union backers over workers’ rights, but shadow ministers face fierce lobbying i…

Read more

Why unions are lobbying Labour over a ‘just transition’ to cleaner energy

Jobs and communities dependent on oil and gas sector must be considered in plan to ban North Sea licences, say GMB and UnitePeace may have broken out between Labour and its union backers over workers’ rights, but shadow ministers face fierce lobbying i…

Read more