The government has today unveiled plans to strengthen the support package for energy-intensive industries that are facing soaring energy bills as a result of surging global gas prices. The Department for Business, Energy, and Industrial Strategy (BEIS) published a consultation on proposals to expand the existing support scheme for energy intensive industries such as steel, … Read more
CBI Director-General Tony Danker has become the latest high-profile figure to call on the government to end the “August power vacuum” in Downing Street and take urgent steps to address looming energy price rises that are poised to plunge the UK into recession this autumn. With Prime Minister Boris Johnson on holiday, Number 10 has … Read more
Latest data from BloombergNEF reveals 11 per cent increase in global renewable energy financing, as investment reaches record levels – is a tipping point being reached? The global economic outlook may be worryingly bleak, but there is still little evidence that inflation and dwindling confidence are impacting the booming renewables market as investment continued to … Read more
The government has this weekend signaled its intention to deliver sweeping energy market reforms, designed to ensure low cost renewables play a much bigger role in setting the price of wholesale electricity. Speaking to the BBC ahead of this weekend’s G7 Summit in Germany, Prime Minister Boris Johnson indicated Ministers were planning to embark on … Read more
White House announces sweeping package of executive orders designed to turbocharge US and global solar and heat pump development President Joe Biden yesterday responded to rising fossil fuel costs and the continued Congressional deadlock that is blocking White House efforts to pass climate legislation by approving a package of emergency measures designed to accelerate US … Read more