‘Up to £416bn of net zero investment needed by 2050 if UK is to remain a global energy leader’

That’s the forecast from the Oil and Gas Technology Centre and Offshore Renewable Energy Catapult, which suggest new investment in clean North Sea technologies could boost the UK economy by as much as £125 billion each year

EU emissions fall to lowest level in three decades as countries ditch coal

The drop was mainly driven by the power sector, where emissions fell by almost 15%, primarily due to coal-fired power production being replaced by electricity from renewables and gas

Repsol to inject €5.5bn in low carbon generation by 2025

The Spanish oil and gas giant is targetting a global portfolio of 7.5GW of renewable energy generation capacity by 2025

Spain to allocate €54m for wind projects in Canary Islands

The aid is expected to lead to the installation of at least 160MW of capacity in the Canaries

Ørsted to trade and balance 40% of Dogger Bank’s power generation

The Danish wind offshore giant will have trading and balancing responsibility for 960MW of the 2.4GW of installed capacity at Dogger Bank Wind Farm A and B

Global investors plan to double proportion of renewable investments in next five years

This rise is expected to continue to 10.8% over a ten-year timeframe as global climate action continues to ramp up on the road to reaching net zero by 2050

EU Commission updates offshore wind strategy to target 60GW by 2030

That is a five-fold increase by 2030 and 25-fold increase by 2050, from the current offshore wind capacity target of 12GW

Government unleashes ten point climate plan: Industry responds

The Prime Minister has set out the UK’s ten point plan to tackle climate change, deliver net zero and launch a ‘green industrial revolution’ – but what does the industry think?

Boris Johnson unveils ten point plan to tackle climate change, deliver net zero and launch a ‘green industrial revolution’

The Prime Minister says the new plans will create and support up to 250,000 British jobs while allowing the UK to ‘forge ahead with eradicating its contribution to climate change by 2050’

Renewables to ‘account for almost 90% of total expansion in global power capacity in 2020’

The IEA forecasts renewable power capacity worldwide will increase to a record level of almost 200GW this year