Renewables ‘overtook fossil fuels as the EU main electricity source for first time in 2020’

Wind and solar generated a fifth of Europe’s electricity last year, a new report finds

US announces $160m for fossil-based hydrogen projects

The Department of Energy suggests fossil fuels currently provide the lowest cost pathway for producing hydrogen

National Grid ESO hails 2020 as the greenest year ever for Britain’s electricity

The country was powered coal-free for around 5,147 hours last year, compared with 3,666 hours in 2019

‘Nearly 48% of banking customers would cash out if they knew their bank was funding fossil fuels’

Seven-in-ten customers would choose a bank with a positive social and environmental impacts, according to a new report

UK to end support for fossil fuel energy projects abroad

The government will end export finance, aid funding and trade promotion for new crude oil, natural gas and thermal coal projects, with ‘very limited exceptions’

New York’s $226bn pension fund to divest from fossil fuels by 2025

It has set a long term goal to transition its portfolio to net zero greenhouse gas emissions by 2040

Offshore wind target of 1,400GW by 2050 ‘could save $1.88 trillion in public health costs’

The goal is achievable if governments work together with industry to set out stable policies and pipeline visibility, according to a new report

OGUK: ‘Oil and gas produced in the UK will continue to support energy security in decades to come’

That’s the suggestion from Oil and Gas UK (OGUK), which says the fossil fuels will continue to be used as part of a ‘changing and cleaner energy mix’

Energy-related CO2 emissions in Ireland plunge by 4.5% in 2019

The reduction is claimed to be the biggest yearly fall in emissions from energy use since 2011, at the height of the last recession, according to a new report

Changes are coming; are we ready?

With both the American election and winter around the corner, as well as rising COVID cases spurring new measures and lockdowns, how are markets reacting?