It was another exceptional bank holiday weekend for Britain’s electricity network, with power prices hitting new record lows as carbon intensity dropped to its lowest point ever.
The electrification of transport, buildings and industrial sectors in Europe could cut greenhouse gas emissions of those sectors by 60% between 2020 and 2050, according to a new report.
The International Energy Agency’s (IEA) World Energy Outlook report released today, warns that even if governments meet their current environmental targets, emissions will continue to rise up until 2040.
The UK will have no problem meeting energy demands throughout this winter thanks to a surplus in generation according to the National Grids Winter Outlook report, released on the 9 October.
Prime Minister Theresa May’s announcement that the government will indeed legislate for a net zero economy by 2050, albeit with certain caveats, has been lauded by the power sector.
The government has made the first steps towards designing and implementing its own emissions trading scheme (ETS), paving the way for carbon pricing aligned to that of the European Union to continue post-Brexit.
Industry reaction to today's landmark report from the Committee on Climate Change, which recommends a 2050 target date for the UK's economy to become greenhouse gas-free.