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Wednesday 19th of July 2017 04:16:25 PM
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....”. Professor Philip Nelson, chief executive of the Engineering and Physical Sciences Research Council, said: “Batteries will form a cornerstone of a low carbon economy, whether in cars, aircraft, consumer electronics, district or grid storage. ... [Read full article on Guardian ]
Sunday 23rd of July 2017 11:01:20 PM
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Latest Finance News related to Low Carbon

Business secretary to announce investment in battery technology image
Source : Guardian [Read Article] Sunday 23rd of July 2017 11:01:20 PM
....”. Professor Philip Nelson, chief executive of the Engineering and Physical Sciences Research Council, said: “Batteries will form a cornerstone of a low carbon economy, whether in cars, aircraft, consumer electronics, district or grid storage. ...
All Volvo cars to be electric or hybrid from 2019 image
Source : Guardian [Read Article] Wednesday 5th of July 2017 09:25:25 AM
....The potential carbon savings of a widespread shift to electric cars are huge. Although globally coal still accounts for about 40% of electricity generation and gas around 21%, countries such as the UK now source a significant amount of power from low carbon sources, such as renewables and nuclear. ...
Renewables provide more than half UK electricity for first time image
....7% of UK energy. Add in nuclear, and by 2pm low carbon sources were producing 72. ...
Shareholders force ExxonMobil to come clean on cost of climate change image
Source : Guardian [Read Article] Wednesday 31st of May 2017 05:28:57 PM
.... “Trump is acting contrary to Wall Street and the world’s largest investors,” he said. “Climate change is a material financial risk and shareholders want to know how companies will manage the change to a low carbon economy. ...
Solar power breaks UK records thanks to sunny weather image
Source : Guardian [Read Article] Friday 26th of May 2017 03:09:00 PM
....48GW earlier this month. Experts said the unprecedented share for solar energy meant about 60% of the UK’s power was low carbon, taking into account Britain’s wind farms and nuclear power stations too. ...
Ineos buys Dong Energy's oil and gas business in £1bn deal image
Source : Guardian [Read Article] Wednesday 24th of May 2017 04:16:05 PM
.... The company still has coal assets which it plans to divest. The move out of fossil fuels is one several major European energy companies are currently pursuing, such as France’s Engie, which plans to earn 90% of its earnings before tax and interest from low carbon businesses by 2019. ...
Tory MPs plot to water down Theresa May's energy price cap pledge image
Source : Guardian [Read Article] Tuesday 9th of May 2017 05:00:53 PM
....ON also expressed alarm at the prospect of price caps, as the company reported profits being down by a third for the first quarter of the year. “Intervention by government will harm investor confidence at a time when the country requires significant investment to deliver energy security and the low carbon agenda,” it said in a statement. ...
British Gas owner warns Tory energy price cap could push up prices image
.... A similar proposal was put forward recently by Scottish Power, but a consumer group said it amounted to little more than a rebrand of standard variable tariffs. Conn said he was also lobbying government to stop paying subsidies for low carbon power through energy bills, and support such “necessary” projects through general taxation. ...
First coal-free day in Britain since Industrial Revolution image
Source : BBC [Read Article] Saturday 22nd of April 2017 12:44:26 AM
....". But Ms O'Hara says that while the country makes the transition to a low carbon system, coal remains an important source of energy. ...
UK set for first full day without coal power image
Source : BBC [Read Article] Friday 21st of April 2017 03:45:43 PM
....Hannah Martin, head of energy at Greenpeace UK, said the first day without coal in Britain since the Industrial Revolution "would mark a watershed in the energy transition". However, Cordi O'Hara of the National Grid said coal still had a role to play as the UK transitioned to a low carbon system. ...
Britain set for first coal-free day since the industrial revolution image
Source : Guardian [Read Article] Friday 21st of April 2017 11:11:37 AM
.... A decade ago, a day without coal would have been unimaginable, and in 10 years’ time our energy system will have radically transformed again. “The direction of travel is that both in the UK and globally we are already moving towards a low carbon economy. ...
Millions of EDF customers face second price rise this year image
Source : Guardian [Read Article] Wednesday 12th of April 2017 11:36:37 AM
....” The government’s plans are expected to be published later this month. EDF blamed the increase on rising wholesale energy costs and government policies that have to be paid for by consumer bills, which include schemes to alleviate fuel poverty and support low carbon power. ...
Shell sells oil sands assets as boss warns on clean energy challenge image
Source : Guardian [Read Article] Friday 10th of March 2017 01:18:53 AM
....Shell also said that 10% of directors’ bonuses would be tied to how well it manages greenhouse gas emissions in refining, chemical and upstream operations. Van Beurden said that the transition to a low carbon energy system would take decades and government policies including putting a price on carbon emissions would be essential to phase out the most polluting sources of energy such as coal and oil. ...
Green Investment Bank: Australian bidder woos MPs as protests continue image
Source : Guardian [Read Article] Thursday 23rd of February 2017 10:33:25 AM
....Green party co-leader Caroline Lucas, the Lib Dems’ Vince Cable and former Tory minister Gregory Barker last month warned that a sale to Macquarie would put the bank’s green purpose at risk and its most valuable assets, such as large windfarms, could be sold off. The flurry of interventions prompted Macquarie, dubbed the “Vampire Bank” for its track record after buying Thames Water, to write to MPs in an attempt to assuage their concerns over its commitment to low carbon projects. ...
Church of England: we'll vote to block excessive boardroom pay deals image
Source : Guardian [Read Article] Tuesday 7th of February 2017 05:31:51 PM
....Matthews also warns that the investment group keeps a close interest in climate change. In the past the Church has challenged BP and Shell to take responsibility for their carbon footprints and limit their contribution to global warming by submitting shareholder resolution calling on the energy companies “to adapt their businesses over the long term for a low carbon economy”. ...
Green Investment Bank sale is 'deeply troubling', say Scottish ministers image
Source : Guardian [Read Article] Thursday 5th of January 2017 09:57:44 AM
.... The bank is both a great success as a public institution and providing a healthy return to the taxpayer. It’s been multiplying our ability to build substantial low carbon infrastructure and fight climate change. ...
Renewables investment in UK will fall 95% over next three years – study image
Source : Guardian [Read Article] Wednesday 4th of January 2017 01:31:36 PM
....Emma Pinchbeck, the group’s executive director, said: “The energy sector is changing. The infrastructure pipeline shows that the private sector understands the smart money is on the renewables industry – that is why they are moving from high carbon assets to low carbon ones. ...
UK hits clean energy milestone: 50% of electricity from low carbon sources image
Source : Guardian [Read Article] Thursday 22nd of December 2016 03:06:26 PM
....Half of the UK’s electricity came from wind turbines, solar panels, wood burning and nuclear reactors between July and September, in a milestone first. Official figures published on Thursday show low carbon power, which has been supported by the government to meet climate change targets, accounted for 50% of electricity generation in the UK in the third quarter, up from 45. ...
Europe development banks plan £5.5bn backing for gas project ‘with mafia links’ image
....5tn cubic metres of natural gas, enough to provide Europe with a fifth of its gas needs in the decades ahead. That has spurred interest from international finance institutions keen to invest in a “bridge” fossil fuel – such as natural gas – pushed by oil companies as “the key energy for a low carbon future”, although such claims are contested. ...
Spread betting firms end winning run as FCA clamps down image
Source : Guardian [Read Article] Tuesday 6th of December 2016 07:14:57 PM
.... Well played, Andrew Bailey, new boss at the FCA, for arriving at the obvious conclusion that escaped his predecessors. You know Drax: it’s the company that burns coal in a large power station in North Yorkshire while getting with the low carbon programme by converting to biomass. ...
Diesel farms make fresh bids to supply National Grid back-up power image
Source : Guardian [Read Article] Tuesday 6th of December 2016 08:25:42 AM
....”. But energy experts dispute the suggestion that diesel is a necessary part of the transition to a low carbon future. ...
Mark Carney : Green finance 'a major opportunity' image
Source : BBC [Read Article] Thursday 22nd of September 2016 07:30:22 PM
....But they still represent only 1% of holdings by global financial institutions, he said. "The development of this new global asset class is an opportunity to advance a low carbon future while raising global investment and spurring growth," he said. ...
Hinkley Point C nuclear plant not essential - think tank image
Source : BBC [Read Article] Thursday 25th of August 2016 11:01:59 PM
.... . One of the report's authors, former Npower chief executive, Paul Massara - who now runs North Star Solar - said: "You are looking at a deal which is two and half times the current price, it goes on for 35 years and effectively this report today shows we can transition to a low carbon, affordable secure option without Hinkley and that's what we should be doing. ...
Hinkley Point delay 'frustrates' Chinese investors image
Source : BBC [Read Article] Friday 29th of July 2016 03:51:37 PM
....". Labour's shadow energy secretary, Barry Gardiner, said there was a role for nuclear power as part of a low carbon future, but the government's handling of the situation had been "absolute chaos". ...
Hinkley Point nuclear plant delay 'bonkers' says union image
Source : BBC [Read Article] Friday 29th of July 2016 08:27:43 AM
.... . Labour's shadow energy secretary, Barry Gardiner, said there was a role for nuclear power as part of a low carbon future, but the government's handling of the situation had been "absolute chaos". ...

Approving Hinkley Point would be signing a blank cheque for nuclear power 
 image
....7bn today. Together with other policies designed to deliver a low carbon future, Hinkley’s costs will add approximately £230 a year to the average household electricity bill. ...
Hinkley Point 'still worth the cost' as price tag soars image
Source : BBC [Read Article] Thursday 14th of July 2016 10:38:37 AM
....A Department for Energy spokesperson said that the revised estimate would not mean higher bills for consumers. "Hinkley will generate enough low carbon electricity to power six million homes and around £10 from consumer bills will pay for it once it is up and running," she said. ...
Energy bills: plans for blanket ceiling on how much firms can charge ditched image
....But the CMA argued that 30 new measures, including a database to enable rival suppliers to contact customers, will help open up the market to more competition. It promised to reform outdated systems for measuring and charging for energy that distort competition between suppliers, to cut the cost of transmitting electricity and use competition to help ensure financial support for low carbon generation is allocated at the lowest cost to customers. ...
North Sea oil 'must act or face a rapid decline' image
Source : Daily Express [Read Article] Monday 13th of June 2016 10:48:00 AM
....The report - entitled A Sea Change - found the majority of respondents want government to take a lesson from Norway and Saudi Arabia, and "be bold in setting out their blueprint for the future". Ms Baker added: "This must incorporate onshore activity as well as defining how the North Sea basin will evolve in the short to medium-term and, crucially, how the end game - and subsequent transition to a low carbon landscape - will be managed. ...
Windfarm owner Dong Energy floats for £10bn image
Source : Guardian [Read Article] Thursday 9th of June 2016 12:49:01 PM
....The utility has already invested £6bn in this country and plans to double this spending by 2020 through constructing projects such as the Hornsea Project One windfarm off the east Yorkshire coast. Since the Paris climate change talks there has been renewed interest from a host of oil and gas companies in low carbon investments. ...
Diesel prices may rise as government considers reversing tax cuts image
Source : Guardian [Read Article] Tuesday 7th of June 2016 06:55:54 PM
....The push to promote diesel, in a misguided attempt to help the environment, came out of the 1997 Kyoto protocol, through which countries agreed to cut greenhouse gases. Brown said that diesel vehicles should benefit from lower tax because of their low carbon performance. ...
Shell upgrades savings from BG deal image
Source : Guardian [Read Article] Tuesday 7th of June 2016 07:47:13 AM
.... Shell stuck to its $30bn target for asset sales by 2018 and said new projects since the end of 2014 should add $10bn to cashflow by that time. The company also set out plans to invest in new energy sources such as low carbon biofuels, solar and wind. ...
Shell says it will limit solar investment until it proves profitable image
Source : Guardian [Read Article] Thursday 26th of May 2016 06:35:27 PM
....”. Shell recently set up a separate division, called New Energies, to demonstrate its commitment to low carbon activities but admitted the amount of annual investment attached was less than 1% of the amount being put into oil and gas. ...
UK's attractiveness for renewables investment plummets to all-time low image
....”. A spokesman for the Department of Energy and Climate Change told the Guardian: “We are dedicated to reducing our emissions and moving to low carbon energy, but this has to be done in the most cost-effective way for households and businesses. ...
UK's attractiveness for renewables investment plummets to all-time low image
....”. A spokesman for the Department of Energy and Climate Change told the Guardian: “We are dedicated to reducing our emissions and moving to low carbon energy, but this has to be done in the most cost-effective way for households and businesses. ...
Museums face ethics investigation over influence of sponsor BP image
Source : Guardian [Read Article] Friday 29th of April 2016 02:59:48 PM
....Art Not Oil is made up of various campaign groups including Platform, Tar Sands Network and Rising Tide. Protests against fossil fuel companies have grown over the last 18 months as oil, coal and gas groups are seen to be hindering the switch to low carbon fuels to counter global warming. ...
Minister admits lights would stay on even if Hinkley nuclear plant is delayed image
.... New capacity must be brought online in a way that is compatible with our decarbonisation targets. That means limiting the role of fossil fuels and maximising the use of smarter low carbon options to meet demand. ...
Clouds gather over solar power after golden years of success image
Source : Guardian [Read Article] Saturday 16th of April 2016 03:00:21 PM
.... And it is good business. Many associate Whitehall with the government’s recent cuts to solar subsidies, but the state has cashed in on a wider solar boom by providing land – as well as benefiting from the low carbon emissions that come from green energy. ...
Steel jobs 'can be saved by tech' image
Source : BBC [Read Article] Friday 15th of April 2016 06:40:55 AM
....Another expert also called for more research. "The task is getting harder at the moment because impurities from copper get greater the more wiring there is in cars," said Prof Sridhar Seetharaman, chair in low carbon materials technology at the University of Warwick. ...
Institute of Directors weighs in on BP chief executive's pay award image
Source : Guardian [Read Article] Wednesday 13th of April 2016 07:32:45 PM
....”. Phil Vernon, managing director of Australian Ethical Investment, criticised BP over its southern drilling plans, saying it should not be happening at a time when the world was trying to move to a low carbon economy. ...
Startup of the Year 2015-2016 competition entry: Mon Breton Limited image
Source : Guardian [Read Article] Monday 21st of March 2016 05:18:32 PM
....But how could Mon Breton distinguish itself from the masses of striped t-shirts that flood the market? Well, these shirts are made in Brittany by skilled craftsmen and women. They are ethically sourced with a low carbon footprint not having travelled halfway round the world from a country with questionable labour laws. ...
Doubts over EDF's Hinkley nuclear plan image
Source : BBC [Read Article] Saturday 12th of March 2016 04:00:07 PM
....Construction of Hinkley Point C in Somerset, the first new nuclear plant in the UK for 20 years and the most expensive in the world, is due to begin in 2019, two years after it had originally been due to open. Tom Greatrex, chief executive Nuclear Industry Association - which represents operators of nuclear power - said: "The UK needs new low carbon, baseload power to replace older power stations that have closed, or are about to close. ...
Hydrogen-powered fleets could help tackle high urban pollution levels image
Source : Guardian [Read Article] Friday 11th of March 2016 02:53:45 PM
.... Passenger cars from some of the largest car manufacturers, the likes of Honda, Hyundai and Toyota, are now being made commercially, with wide-scale adoption the next frontier. Hydrogen as a transport fuel has all sorts of applications but is particularly relevant as a low carbon alternative for back-to-base and fleet industries. ...
Storm of big six lobbying put the dampeners on energy supply reform image
Source : Guardian [Read Article] Thursday 10th of March 2016 02:37:44 PM
....ON have been announcing job cuts and financial losses this week which may lead some to conclude that now is not the time to hit the industry with tough new measures. In fact most of the problems for those two companies hail from their home market in Germany, where the government has taken strong action to promote renewables at the expense of fossil fuels to drive forward a low carbon economy needed to tackle climate change – despite howls of complaint from RWE and others. ...
Ministers urge safeguards for Green Bank to retain low-carbon mandate image
....Creagh also said she was alarmed that Shaun Kingsbury, the chief executive of the bank, had already indicated he wanted to expand into places such as Germany, the Netherlands and India. This would take the bank away from its original purpose, to accelerate a move towards a low carbon economy, she added. ...
EDF director quits over Hinkley plan image
Source : BBC [Read Article] Sunday 6th of March 2016 11:56:07 PM
....Tom Greatrex, the chief executive of the Nuclear Industry Association, said: "What I think is vitally important is we get a decision on Hinkley, and then we get on with replacing our generation stock which is going off line. "We need new nuclear as part of that low carbon balance linked to the future. ...
New York pension fund could have made billions by divesting from fossil fuels – report image
....“Government policy, which we think will only strengthen, is beginning to capture the societal costs of burning fossil fuels, enhancing the competitive position of investments in energy efficiency and renewables,” said Stu Dalheim, vice president of shareholder advocacy for Calvert Investments, which invests in socially and environmentally responsible businesses. “The Paris Agreement sent a clear and important signal to the market that we are moving toward a low carbon energy system. ...
Energy policy U-turns 'may cost households £120 a year' image
Source : Guardian [Read Article] Thursday 3rd of March 2016 12:01:48 AM
....Paul Dorfman, from the energy institute at University College London, said Energy-UK’s “belated conversion” to renewable power was welcome but needed to be supported by appropriate ministerial policies. “Germany, the strongest economy in Europe, which is using 20% of all EU electricity, has been conscientiously following this [low carbon] path for some time now. ...
Green investment bank could be snapped up by foreign buyers image
Source : Guardian [Read Article] Wednesday 2nd of March 2016 09:30:44 PM
....Lord Smith of Kelvin, chairman of the bank, said attracting new investors was vital if the bank was to fund its ambitious plans to double the size of its business, and expand into new parts of the UK green economy. Currently the lending group is focused on British low carbon projects, although it is involved in £200m international joint venture with the Department of Energy and Climate Change. ...
What next for China's property market? image
Source : BBC [Read Article] Tuesday 16th of February 2016 10:07:08 PM
....Vanke's headquarters in Shenzhen in south-east China offers a taste of Wang's vision. A vertical glass and steel skyscraper: cutting edge, radical, low carbon. ...
Power firm Drax urges subsidy rethink image
Source : BBC [Read Article] Tuesday 16th of February 2016 06:01:23 AM
....The government says it is already supporting the biomass industry. To encourage low carbon power generation, technologies like wind, solar power or biomass are subsidised. ...
UK energy crisis deepens as SSE plans early plant closure image
Source : Telegraph [Read Article] Wednesday 3rd of February 2016 07:18:44 PM
.... . SSE said coal plants were running less often than they used to as they were pushed out by "cheaper alternatives, namely low carbon and gas-fired generation". ...
Tell the truth, ExxonMobil: a low-carbon future is affordable – and necessary image
.... Therefore, Exxon concluded its reserves would not be adversely affected. The problem with this tortured analysis is that independent economists consistently estimate the cost to consumers of a low carbon future would be far less — more like 2% of income if we act today. ...
Hinkley Point nuclear fiasco spooks Hitachi boss image
Source : Telegraph [Read Article] Saturday 30th of January 2016 08:10:42 PM
...." . Amber Rudd, the Energy Secretary, has described Wylfa as one of a “new fleet of nuclear power stations” that the government wants to back, but added that low carbon technologies also had to be “low cost”. ...
Britain’s first garden town: housing crisis solution or 'dog's breakfast'? image
.... What about the suspicions “garden town” is just a marketing exercise? “People are suspicious about everything,” says Wood. “Garden town status means we’re going to build a high-quality, low carbon sustainable town. ...
VW 'among most criticised by NGOs' image
Source : BBC [Read Article] Sunday 17th of January 2016 02:23:21 PM
.... . Shell said it would continue to engage with NGOs to ensure a "high-energy, low carbon, responsible energy future for our planet". ...
From VW to Brazil's mining disaster: 5 corporate scandals that defined 2015 image
Source : Guardian [Read Article] Wednesday 30th of December 2015 11:43:29 AM
....An Inside Climate News investigation in September into internal Exxon documents revealed that the company’s own research had warned of the dangers of man-made climate change as early as 1981. Rather than start a debate about how to transition to a low carbon economy, the company chose instead to plough more than $30m (£20. ...
Ethical spending rose in 2014 but solar cuts could hit this year's figures image
Source : Guardian [Read Article] Tuesday 29th of December 2015 12:01:10 AM
....Stronger sales of solar panels, electric cars and free-range poultry helped to grow the UK’s overall “ethical market” by 8% in 2014, a new report claims. However, the report’s authors warned that recent government changes such as cuts to subsidies for householders installing rooftop solar panels would make it tougher to repeat this growth in spending on low carbon home energy and cars. ...
My big idea for 2016: put community at the heart of our businesses image
Source : Guardian [Read Article] Monday 28th of December 2015 05:00:19 AM
....There is one last compelling need to build customer engagement through local action. As the Earth’s resources become more finite we must start to shift to business models that are circular, low carbon and enhance wellbeing. ...
Can pedal power help with greener deliveries? image
Source : BBC [Read Article] Wednesday 23rd of December 2015 12:12:58 AM
.... . But if the world really is on the brink of a low carbon future - it will be up to small business owners like Michael Darchambeau to make it happen. ...
How to leverage low-carbon economies to create prosperity image
Source : Guardian [Read Article] Friday 18th of December 2015 04:02:10 PM
.... At the same time, when the technologies work, and are affordable to users, profits follow; if a company is selling a $1 technology to a billion people, it’s big business. Importantly, he also noted that the world is already operating in a low carbon context. ...
Solar panel payouts SLASHED by two thirds as Cameron makes mockery of climate change deal image
...."Just last week, world leaders agreed to ambitious plans to reduce carbon emissions. "The UK government really needs to get behind new low carbon technology and take a global lead in seizing the new opportunities. ...
UK solar panel subsidy cuts branded 'huge and misguided' image
Source : Guardian [Read Article] Thursday 17th of December 2015 08:08:13 AM
....Related: UK cuts to renewable energy make a mockery of its pledge at Paris climate talks. “My priority is to ensure energy bills for hardworking families and businesses are kept as low as possible whilst ensuring there is a sensible level of support for low carbon technologies that represent value for money,” she said. ...
Call for fracking to get started in UK image
Source : BBC [Read Article] Tuesday 15th of December 2015 02:33:00 AM
....Chairman of the task force, Lord Smith, said that shale could help cut emissions by replacing more polluting coal: "We need to be even clearer. about shale gas providing a bridge to a low carbon future. ...
Major energy U-turn needed to meet Paris targets, government warned image
Source : Guardian [Read Article] Sunday 13th of December 2015 07:10:38 PM
.... This is vital for our long-term economic and global security. This deal will ensure all countries are held to account for their climate commitments and gives a clear signal to business to invest in the low carbon transition. ...
CBI backs Paris climate change deal image
Source : BBC [Read Article] Sunday 13th of December 2015 10:19:55 AM
....She added: "The [UK} government must provide a stable environment that enables investment in cleaner, more affordable and more secure energy generation, including renewable technologies and new gas plants. "As other nations start to play a greater role and increase their ambition, the UK needs a level playing field for carbon costs, so that our energy intensive industries can compete effectively in a global, low carbon market place. ...
Anger over threat of VAT hike on renewable energy image
Source : Guardian [Read Article] Wednesday 9th of December 2015 07:04:58 PM
.... “The measure is likely to affect fewer than 500,000 individuals and households and the impact … is anticipated to be negligible,” it wrote in a consultation document released on Wednesday. The Solar Trade Association (STA), lobby group for the photovoltaic sector, said it was an astonishing and avoidable blow that could add £900 to a typical domestic rooftop installation and would only serve to suck even more potential investment from low carbon power. ...
Mark Carney unveils climate change taskforce  image
Source : Telegraph [Read Article] Friday 4th of December 2015 03:29:52 PM
.... . Mr Carney said the taskforce was designed to provide a "one-stop shop" of information to help markets understand investment risks linked to climate change and accelerate the transition to a low carbon world. ...
Michael Bloomberg to head global taskforce on climate change image
Source : Guardian [Read Article] Friday 4th of December 2015 12:24:32 PM
.... As part of its work the taskforce will conduct public outreach. Chris Cheetham, global chief investment officer at HSBC global asset management, said: “The establishment of this taskforce is an important step towards creating the transparency and consistent standards needed for investors and pension funds to understand the risks and opportunities within their portfolios as we transition to a low carbon economy. ...
Givers that keep on giving: the world's top philanthropists image
Source : Guardian [Read Article] Wednesday 2nd of December 2015 04:05:35 PM
....5bn. He also pledged in 2006 to divert $3bn of profits from his airline to develop a low carbon fuel though he said last year the figure so far was about $300m. ...

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