The UK’s net zero transition is set to be determined by homes and businesses adopting low carbon technologies (LCTs) in a bid to reduce energy bills amid the cost-of-living crisis.
SP Energy Networks will provide £5 million in funding to support vulnerable communities currently facing barriers in transitioning to net zero emissions.
Some 960GW of new solar PV and wind capacity must be deployed globally each year by 2030 to be on track to reach net zero by mid-century, according to new analysis from BloombergNEF (BNEF).
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.
