CleanTech Investment

The Costs of Net Zero: Action vs Inaction

Reaching net zero in the energy network will cost the UK £3 trillion, according to a new cost analysis from National Grid ESO.

The costing applies to the four scenarios laid out by the operator in its Future Energy Scenarios, which was released in July. This outlined two scenarios – Consumer Transformation and System Transformation – where net zero was hit by 2050, one – Leading the Way – where net zero was hit by 2048, and finally one – Steady Progression – where the deadline was missed, and the UK still emitting 258 MtCO2e in 2050.

Green Jobs at the Heart of Recovery

Putting green jobs at the heart of the COVID-19 recovery could help level-up the UK's net zero commitment, according to a new report. Researchers from the London School of Economics’ Centre for Economic Performance (CEP) and the Grantham Research Institute on Climate Change and the Environment highlighted six key areas where the government could invest, creating both jobs and decarbonisation.

CleanTech Momentum - The Growth Of Digital

BP has announced plans to invest US$500 million (£358.5 million) in low carbon businesses each year as it looks to further embrace the low carbon transition.

The oil and gas giant has just reported its 2017 financial performance - a full year underlying profit of US$6.2 billion - allowing the firm to continue with its five-year strategic plan to embrace the energy transition.  The investment commitment mirrors Shell’s recent plans to invest as much as US$2 billion per year in low carbon development.

The Clean Energy New Economic Revolution

So, a couple of months after the momentous public and private sector commitments involving billionaire movers and shakers such as Bill Gates, Mark Zuckerberg, Richard Branson, Reid Hoffman, Jeff Bezosh and other high-profile entrepreneurs to pledge to spark a “new economic revolution” based around clean energy through launching a new investment drive for renewables…..it’s instructive to look back and reflect on the issues - and exactly what was agreed.