Limiting the global temperature rise to 1.5°C by 2050 will require countries around the world to accelerate their efforts towards the energy transition “without delay” and scale up the development of clean energy resources at unprecedented levels, a new report has said.
Global renewables capacity must increase eight-fold and more than US$1.5 trillion invested into grids worldwide to help reverse the climate emergency, research body DNV GL has said.
Consumers are willing to pay more towards the low carbon energy transition, but only if energy companies and government accept their share of responsibility, new research has found.
The energy transition is walking the UK into a ‘two-tier economy’ where communities and businesses in whole regions of the country are left behind with higher bills and less access to new technologies.
BP is to snap up Chargemaster, the UK’s largest electric vehicle charging company, in a deal that it said would advance the transition to electric transport.
Oil and gas giant Shell has revealed how it plans to adapt to the low carbon energy transition in the coming years, explaining how it intends to work backwards from the consumer while embracing renewables.