Transition to renewables ‘to fuel post-COVID recovery’
Investment in renewable energy expansion will be an important cog in the wheel towards the post-COVID-19 economic recovery journey. Expanding the renewables will not only help countries deliver stronger climate action under the Paris Agreement, but also fuel the economic activities across the value chain forming a powerful recovery mechanism to recuperate from the COVID-19 crisis. That’s […]
Lowering carbon emissions ‘will help boost business post-COVID-19’
Companies globally have been forced to take extreme measures to change the way they operate during the global COVID-19 outbreak, and this has been estimated to have reduced carbon emissions by up to a quarter by some instances. However, a new report from Emitwise claims it is possible to maintain these lower carbon emissions while also […]
Half of businesses in the energy sector believe Brexit will have ‘a long-term positive impact’
A state-of-the-nation study into how businesses in the energy sector are prepared for Brexit has revealed 62% believe the process of exiting the EU is currently having a positive impact on their business, while just 15% feel it hasn’t had any impact at all. Commissioned by Huthwaite International, the report shows that post-Brexit business prospects […]
Big business seeks to assert clean energy needs
A group described as featuring the world’s most influential companies says it’s actively engaging with policy makers and utilities to accelerate the transition to renewable energy – but it is calling on governments to remove the remaining barriers. Going 100% renewable: how companies are demanding a faster market response is the 2019 RE100 Progress and Insights Annual Report from […]
Seven critical areas for energy sector transformation revealed
A new report has mapped seven critical areas for energy sector transformation and outlines a path that world leaders and companies involved in the energy sector should consider to mitigate the looming climate crisis in the next decade. The by Rocky Mountain Institute (RMI) report, ‘Seven Challenges for Energy Transformation,’ was launched during three connected […]
UK power market hits consolidation as Brexit looms
A major change is underway in the UK power market, with increasing competition, regulatory headwinds, growth in renewables and investors’ uncertainty in Brexit all playing a part. That’s according to research by GlobalData, which says a significant number of mergers and acquisitions (M&A) within the UK power sector has signalled a period of consolidation, along […]
Businesses ‘waste billions’ stockpiling rubbish
Homes and businesses across the UK are storing rubbish and old junk that is wasting space, energy, rent and rates. That’s according to research by Censuswide for Skoup, a ‘pay-as-you-throw’ service for surplus clutter and waste. The research indicates that homes and business are wasting space and money on storage for bulky items that they’ll never […]
Renewables to represent 30% of US total installed capacity by 2030
The contribution of renewable power to total installed capacity in the US is expected to double from 15% in 2018 to 30% by 2030, reaching a total of 442.8 gigawatt (GW). According to the latest numbers from GlobalData, that’s equivalent to a compound annual growth rate (CAGR) of 7.3%, attributed to more states adopting and updating […]
CENTRICA REPORT: Why sustainability is good for business
Sustainable businesses see energy as an opportunity, not a financial burden. They’re exploiting distributed energy technologies, such as onsite generation and storage, to cut costs and carbon emissions. This also increases operational resilience and enhances reputation. Download Centrica’s research report to see the 4 steps you can take to accelerate your energy sustainability and improve […]
Energy M&A activity hit $158bn in 2018
Transaction volumes within the global power mergers and acquisitions (M&A) market remained strong through 2018, reaching US$158bn, the second highest in the last five years. Deals registered in 2018 decreased slightly, from 651 to 622 in 2018. The statistics, researched by leading data and analytics company GlobalData, found that out of the 622 transactions reported […]