energy transition
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Clean Energy Transition ‘Will Be Harder and Costlier Without Nuclear’
The transition to a clean energy economy will be much harder and more costly without nuclear power. That’s according to a new report from the International Energy Agency (IEA), which suggests four billion tonnes of additional carbon emissions could be…
ABB Unveils Its First Carbon-Neutral Factory
At its site in Lüdenscheid, in the presence of Nico Rosberg, ABB shows how the sustainable energy transition can succeed with digital energy management. With its “Mission to Zero”, the leader in digital technology drives the transition from fossil fuels.…
World Bank Launches New Fund to Support ‘Climate-Smart’ Mining for Low Carbon Tech
The World Bank has launched what is claimed to be the first ever fund dedicated to making mining for the low carbon energy transition “climate-smart” and sustainable. The Climate-Smart Mining Facility, targeting a total investment of $50 million (£38.2m), will…
EU Approves Lithuania’s €385m Renewable Energy Scheme
The European Commission has approved a €385 million (£333m) scheme to support electricity production from renewable energy sources in Lithuania. The government intends to introduce the new aid scheme in May for the installation of renewable sources such as wind,…
Planned $4.9tn Oil and Gas Investment ‘Not Compatible with Climate Goals’
A planned investment of $4.9 trillion (£3.8tn) in new oil and gas exploration and extraction over the next decade is incompatible with international climate obligations. That’s according to new analysis by Global Witness, which claims any fossil fuel production and…
Sweden ‘Leading the Way Towards a Low Carbon Future’
Sweden has the lowest share of fossil fuels in its primary energy supply among all member countries that are part of the International Energy Agency (IEA). It is also the second lowest carbon intensive economy and is a “global leader”…
Shell to Invest $300m to Offset Carbon Emissions
Royal Dutch Shell has committed to invest $300 million (£230m) over the next three years in projects that help offset carbon emissions. It will fund large-scale forest projects in Indonesia, Peru and the US as part of its strategy to…