UK and India announce $1.2bn green growth initiative

The Climate Finance Leadership Initiative India partnership has also been launched to mobilise private capital into sustainable infrastructure in India, including solar and wind power and other green technologies

Energy networks and Ofgem offer up to £300m for green grid projects

Funding bids will be assessed on value for money, short term grid capacity utilisation and how quickly the infrastructure and solutions can be completed, in support of the UK’s 2050 net zero goal

IKEA’s on the top shelf for green growth

  IKEA UK has achieved its sixth consecutive year of growth, at the same time as slashing emissions and waste. The home furnishings retailer, which plans to become “truly circular”, has announced sales of £1.8 billion in the UK for the most recent financial year, up 5.8% on 2016. This was achieved at the same […]

Energy Minister says Industrial Strategy must focus on UK’s green growth

Energy Minister Claire Perry believes the UK’s Industrial Strategy must focus on boosting and protecting the country’s rapid green growth progress. Speaking to ELN at the Conservative Party Conference in Manchester yesterday, she said: “The energy sector, as we’ve just heard, has made huge progress, we’ve taken up our renewable percentage from something like 6% […]

Ireland’s Galway wins European green city status

The Irish city of Galway has officially been launched as the 2017 European Green Leaf. The award is a competition aimed at cities and towns across Europe, with between 20,000 and 10,000 inhabitants, that recognises commitment to better environmental outcomes, with a particular focus on green growth and jobs. The city is said to have […]

Renewables saw record global growth in 2016

Renewable energy saw record global growth of 161GW in 2016. That’s according to the latest data from the International Renewable Energy Agency (IRENA), which shows this 8.7% increase was led primarily by 71GW of new solar power being put into place. It marked the first time since 2013 that solar outpaced wind, which increased by […]

‘Energy related CO2 emissions can be gone by 2060’

Energy related Carbon Dioxide emissions can be completely phased out by 2060. That’s according to a new report from the International Renewable Energy Association (IRENA), which says it expects to see green growth result in significant economic gains by 2050, by which time 70% greenhouse gas reductions could be achieved. The report suggests although additional investment of $29 trillion […]

Korea ‘must accelerate green growth reforms’

Korea needs to accelerate its green growth reforms to temper the negative legacy of a decade of growth. That’s according to a new report from the Organisation for Economic Co-operation and Development (OECD), which says the nation needs to slash its high levels of energy use, resource consumption, greenhouse gas emissions and air pollution. With […]

New York State sees solar boom by nearly 800%

New York’s state-supported solar power surged up 795% over five years. Governor Andrew M. Cuomo yesterday revealed the staggering growth witnessed from December 2011 to December 2016, which leveraged nearly $1.5 billion (£1.2bn) in private investment. The number of solar power projects soared from 8,989 at the end of 2011 to 64,926 by the last days of 2016. These installations now […]

World Bank supports Morocco’s green growth

The World Bank has approved a new $300 million (£202m) loan to support Morocco’s green growth strategy. The Development Policy Loan (DPL) backs the country’s efforts to meet its energy challenges by developing the renewable market, energy efficiency regulation in the building sector and removing fossil fuel subsidies. The latter is expected to result in […]