Energy

Renewables hold under the strain of COVID-19

What’s Going On Here? This week the International Energy Agency (IEA) released its Renewables 2020 report, a detailed analysis of the impact of COVID-19 on renewables in the electricity, transport and heat sectors.  What Does This Mean? Whilst almost all other fuels have been badly impacted, the renewable energy sector has adapted to the rapid changes of the ongoing COVID-19 pandemic and…

Shell’s Greenwashing Tweet Backfires

What’s Going On Here? On Tuesday morning, fossil-fuel major Shell had the audacity to post a poll on Twitter asking the public what actions they were willing to take as individuals to reduce their carbon emissions, sparking spectacular backlash. What Does This Mean? High profile responders included US congresswoman Alexandria Ocasio-Cortez, Greta Thunberg and climate scientists Prof Katharine Hayhoe and Peter Kalmus.…

Investment gets political…divestment from anti-climate lobbyists!

What’s Going On Here? One of the biggest financial asset management firms has moved its investments out of major petrochemical and mining companies due to their actions lobbying against green policies. What Does This Mean? Storebrand, a Norwegian firm with investments of $90bn, has divested from (moved money out of) major oil, gas and mining companies including ExxonMobil, Rio Tinto and Chevron.…

£2billion in UK green home grants

What’s Going On Here? Hundreds of thousands of homeowners will receive vouchers for energy-saving home improvements in England, with the poorest getting up to £10,000. What Does This Mean? A £2bn grant scheme has been announced as part of a wider £3bn “green investment” package announced in the chancellor’s summer statement yesterday.The scheme is a welcome injection of cash into the home retrofit industry,…

UK goes longest time ‘Coal-free’ since the 80’s

What’s Going On Here? On 10th June 2020, Britain marked the longest time (ever!) generating electricity without coal. What Does This Mean? When Britain went into lockdown, electricity demand plummeted to that of the 80’s (when there were 10 million less of us!). The National Grid forecasted a 20% fall below the normal level and right now our daily electricity demand profile on a weekday…

Fuelling the Climate Crisis

What’s Going On Here? Sometimes good news comes from the most unexpected of places. So it was this week with a report leaked from JP Morgan that acknowledged, in no uncertain terms, the threat posed by climate change: “we cannot rule out catastrophic outcomes where human life as we know it is threatened” JPM’s economists warned their shareholders. What Does This Mean? Feel like…

Under the magnifying glass: A new type of solar energy

What’s Going On Here? Technology has been developed to produce carbon-free energy from the sun, powerful enough to rival fossil fuels. This is the first time renewable energy has been able to be used for powering heavy industries, such as the manufacturing of concrete, steel and petrochemicals. What Does This Mean? The technology is called ‘concentrated solar power’. It works by using…