World Bank announces $300m energy efficiency funding for India

The investments under the programme are expected to avoid 170 million tons of carbon dioxide being emitted

BP: Plastic bans will slow oil demand

Bans on single-use plastics will slow growth in global oil demand. That’s the forecast from BP’s latest Energy Outlook, which suggests the phasing out of plastic bottles, carrier bags and straws at both governmental and commercial levels is likely to significantly affect how the fuel source is used. Oil accounts for nearly two-thirds of the growth […]

Efficiency inaction ‘could cost businesses £7.4bn’

If UK businesses don’t take action to manage their gas and electricity consumption, they can expect to pay an extra £7.4 billion on their energy costs by 2019. That’s according to a new report from energy consultancy Inenco, which suggests rising non-commodity costs, expensive carbon pricing and a fall in renewable support scheme incentives mean […]

Iceland’s bitcoin mines ‘could pinch all the power’

  Iceland could use more electricity on bitcoin mining than on supplying the entire country’s homes in 2018. The Associated Press has reported Johann Snorri Sigurbergsson, Director of Business Development at energy firm HS Orka, said if all the mining firms wanting to get involved actually manage to do so, there won’t be enough energy […]

Share of UK’s low carbon power hit record high last year

The share of energy generated by low carbon power sources in the UK increased to a record high of 54.4% in the third quarter (Q3) of 2017. That’s according to new government data, which shows this increased from 50.2% the same period the year before, as a result of increased generation from renewables. Clean energy’s […]

US funds supercomputer-manufacturer collaboration to drive efficiency

The US is funding $3.9 million (£3m) to use supercomputers to improve manufacturing efficiency. A total of 13 projects have received financing from the US Department of Energy (DoE), as part of the High Performance Computing for Manufacturing (HPC4Mfg) programme. The initiative aims to bring together the computing resources and expertise of national laboratories across the US with manufacturers to enhance product quality, speed […]

UK’s carbon footprint rose 3% in 2013

The UK’s carbon footprint rose 3% between 2012 and 2013. That’s according to a recent release of government data, which shows this was primarily due to increased emissions from imported goods. The carbon footprint refers to emissions associated with the consumption spending of UK residents on goods and services, wherever in the world these emissions […]

EU fossil fuel dependency rises as energy use falls

EU dependency on fossil fuel imports is rising as energy consumption falls. That’s according to a new release of 2015’s fuel figures from Eurostat, which shows European energy consumption reached a total of 1,626 million tonnes of oil equivalent (Mtoe). This means energy use was 2.5% less than in 1990 and down 11.6% from its peak of almost 1,840Mtoe in 2006. The report shows fossil fuel use […]

UK fossil fuel dependency falls to record low

Fossil fuel dependency in the third quarter (Q3) of 2016 was 2% lower than the same period a year before and at a record low level. That’s according to new statistics from BEIS, which show dependency fell to 78.7%. This was despite increases in the production of oil (8.1%) due to new fields and less maintenance downtime. Gas […]

EU hits energy reduction target six years early

The EU’s final energy consumption has reduced by the equivalent of Finland’s entire energy usage over 15 years. It has fallen from 1,133 million tonnes of oil equivalent (Mtoe) in 2000 to 1,061 Mtoe in 2014, according to a new report from the European Commission’s Joint Research Centre. That puts the consumption below the 2020 […]