We’re not ones to say “We told you so…” at 350, but we’re delighted to hear that the COP 21 Climate Change summit has already established that carbon trading from emissions reductions is firmly back at the heart of the global climate change agenda. Regular readers of this blog will know that re-energising the carbon market is the most practical
Thank heavens. The UK renewable boom was started by the pied piper of misguided climate economics (former energy secretary Ed Miliband) and it’s now collapsed under its own weight. To misquote Winston Churchill, never in the field of reducing CO2 emissions has so much been wasted by so few. That’s not to say the UK renewable sector hasn’t had a
There’s an inherent commercial tension within the way companies approach structuring renewable energy projects. In any new area, there’s naturally an element of trial and error that’s characterised renewables for both technology providers, developers and investors (as technologies evolve, as legislative frameworks and policy develops and so on). It comes with the territory in emerging industries. However something that’s often
Here’s an interesting thought. As the global stock markets are sliding back in the wake of concerns over China’s stock market woes, investors are looking to diversify their holdings and hedge a bit with different kinds of asset. Which is predictable. At times like this, investors look for the chance to buy cheap, weather the volatility and enjoy a bit
I’ve just read a carbon abatement report for a natural gas pipeline that runs across hundreds of miles of continental Eastern Europe. It’s leaking 2.4 millions of tons of methane (CH4) into the atmosphere every year. The equivalent of about 60 million tons of CO2 (going by the standard equivalency measure). And that’s just from one facility in one country.
On the surface, the latest CMA energy market investigation (Competition and Markets Authority) report appears to be criticising the big six consumer energy suppliers (CMA reports). Consumers have footed a bill between 2009-2013 (the report focus) that’s £1.2bn per year more than they should have paid in a competitive marketplace, the CMA concluded. It has led to rumours of a
Last week the wind industry was shocked (but not exactly surprised) by the government’s announcement it would be ending subsidies for onshore wind projects a year earlier than previously promised. It’s a move that potentially threatens thousands of new jobs and places millions of pounds of investment at risk. But what we learn from declining renewable power subsidies is their
As Britain is gripped by election fever it seems the issue of climate change and CO2 reduction has taken a back seat. But rising global CO2 emissions will have a significant impact on the nation’s future health and economic prosperity, so although the c-word isn’t high on the campaign agenda it remains a key underlying issue for the next government.
A couple of days ago, The Centre for Policy Studies released a report titled: Central Planning with Market Features: how renewable subsidies destroyed the UK electricity market. (You can read the report here). The UK press jumped onto this story and it’s fair to say I agree with the findings of the report. I have known the root cause of
You’d be forgiven for thinking that green energy, electricity markets and politics appear complicated. A couple of weeks back we saw Greenpeace criticising the UK Government’s UK Export Finance scheme’s decision to loan $1bn in funding packages to a deal including Pemex (the Mexican oil group) calling the coalition government’s green credentials into doubt. Last week German electricity giant (and