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...Officials involved in shaping a US clean-energy scheme to channel funds to developing countries made repeated requests to the leadership of the Science-Based Targets initiative over a period of more than...
...Officials at the energy security department said the decision to open the office in Aberdeen reflected the importance not only of oil producers but also the fast-growing offshore wind industry....
...The Department for Energy Security and Net Zero said: “We have a clear strategy to boost UK industry and reach net zero by 2050 — backed by £200bn in low-carbon investment since 2010, with a further £100bn...
...One of the received tenets of the energy transition was that there was no trade-off between green investing and making money....
...Now, some shadow cabinet ministers have vowed to play a similarly long game of waiting until they can use the power and resources of a government department to marginalise and take revenge on Labour’s overmighty...
...Starmer announced the U-turn this month after a drawn out period of internal arguments over whether the pledge, made in 2021 when borrowing rates were close to zero, was still affordable at a time of higher...
...The US Department of Defense stores critical minerals in the National Defense Stockpile, but its value has dropped from $9bn in 1989 to less than $1bn, or below 0.3 per cent of annual demand globally, as...
...A state-owned energy company called GB Energy will cost a one-off £8.3bn and a £7.3bn “national wealth fund” will be set up to invest in the decarbonisation of heavy industry....
...The substance and style of Labour’s biggest U-turn for years demonstrated the ascendancy of cautious Blairites inside Britain’s main opposition party, as the green prosperity plan joined a long list of radical...
...Jim PickardThere have been an awful lot of U-turns....
...Labour will retain two elements of the original green plan, a state-owned energy company called GB Energy, costing a one-off £8.3bn, and a £7.3bn “national wealth fund” to invest in the decarbonisation of...
...However, Martin Callanan, a minister in the energy department, added on X: “Heat pumps and heat networks will be the main route to cutting household emissions for the foreseeable future”....
...“I am a big supplier of raw materials and a backer of strategic changes [in European energy supply],” Forrest said. “If [Europe] adopts this law, then they’re going to stay competitive....
...The US has to grow its interregional transmission lines by more than fivefold by 2035 to meet decarbonisation targets, the US Department of Energy estimates (we dived into this topic in last week’s newsletter...
...Now, Deutsche Bank, Citigroup and other global financial companies have recommended that the Treasury department consider issuing its first ever green bonds....
...She highlighted companies’ announcements of more than $675bn in clean energy and manufacturing investments since the start of the administration, saying that solar accounted for more than half of new power...
...Together with the rapidly increasing investments going into battery manufacturing, this makes a U-turn away from them improbable and impractical....
...The Tories seized on the U-turn....
...The rest of Europe meanwhile is still finding it difficult to balance the needs of energy security with its desire to punish Russia for its invasion of Ukraine....
...This included a joint pledge to “accelerate the substitution” of fossil fuels with green energy....
...The UK’s Department for Energy Security and Net Zero said the government was “confident in and committed to meeting our renewables ambitions, with strong plans for doing so”....
...“Over the past decade, the cost of wind and solar has decreased markedly,” said Rebecca Maserumule, a chief director for hydrogen and energy in South Africa’s Department of Science and Innovation....
...Ross Grier at NextEnergy Capital, one of the largest owners and operators of solar panels in the UK, says they have established solar as a core part of the energy mix over the past decade rather than “a...
...“We need investment and we need people to get into this space,” Lauren Boyd, director of the geothermal technologies office at the US Department of Energy, told a room filled to the brim with members of...
...Set up in 2005, the NDA is a non-departmental public body that reports to the Department for Energy Security and Net Zero....
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