Scaling up climate action ‘could provide $26tn to global economy’

The Global Commission on the Economy and Climate says it could also prevent 700,000 premature deaths from air pollution

Labour Party promises fairer, more sustainable energy system

It claims the Conservative government has “undermined Britain’s energy industry at every turn”

Green economy now ‘approximately same size as fossil fuel sector’

FTSE Russell says it is worth around $54tn

UN: ‘Climate change could cause severe economic downturn’

The organisation says a rising global average temperature could translate into a slower growth of per capita output in hot countries

UK’s green sector contributed £30.5bn to economy in 2015

This is around 23% up from 2010 figures

UK’s clean energy economy grew 5% in 2016

The UK’s low carbon and renewable energy (LCRE) economy swelled by 5% to reach a total worth of £42.6 billion in 2016. That’s according to the Office for National Statistics’ (ONS) Environmental Accounts for the year, which says the sector continued to account for around 1% of the UK’s non-financial turnover. During 2016, the number […]

Energy industry ‘must take lead on new policies’

The energy industry needs to take the lead in developing new policies and regulatory frameworks because the government is too busy. That’s according to Mark Gregory, EY’s Chief Economist, who spoke to ELN at our Energy Live Expo last week. He said as a consequence of the Brexit vote, higher inflation and low business confidence […]

Drax ‘generates £1.7bn for UK economy each year’

The Drax Power Station helps generate £1.7 billion for the UK economy and supports more than 18,500 jobs each year. In a study of the biomass and coal-fired plant’s impacts, researchers at Oxford Economics found this contribution increased by 34% year-on-year following the firm’s acquisition of corporate power supplier Opus Energy. The facility, which provides […]

Nearly 2% of UK spending in 2015 was green

Nearly 2% of the UK Government’s entire spending in 2015 was on environmental protection. That’s according to new data released by the Office for National Statistics (ONS), which says this figure totalled an estimated £14.7 billion. The UK Environmental Accounts report says the energy efficiency of the UK economy improved in 2015, largely due to efficiency improvements […]

US environment chief: We can be both pro-energy and pro-environment

Newly-appointed head of the US environmental department believes growing the economy and protecting the environment can go hand in hand. In his first address to the Environmental Protection Agency (EPA) staff, climate sceptic Scott Pruitt said he seeks to “listen, learn and lead” to address the issues faced as a nation. The EPA was created […]