IEA: Bolder decisions needed for sustainable energy system

The International Energy Agency says global energy investment is falling short of what would be needed to meet continued robust growth in the world’s energy demand

Green spending
UK Government spent £14.7bn on green protections in 2017

The Office for National Statistics suggests this accounted for around 1.8% of total government expenditure over the year

Pound coins
Energy price cap ‘could see £1.67 billion added to UK bills on the 1st of April’

uSwitch believes this could happen if suppliers increase their rates to match the level of the cap

Pylon
National Grid recommends £59.8m investment for 2019/2020 period

It says this would allow it to maintain the option to deliver projects costing almost £5.4 billion

Largest oil and gas projects to spend $37bn before 2025

These projects are expected to produce 2.6 billion barrels of oil

UK ‘spent double on overseas fossil fuels than renewables’

UK foreign aid for fossil fuels was double the amount spent on overseas renewable energy between 2010 and 2014. That’s according to the Catholic Agency For Overseas Development (CAFOD), which says out of the money spent on improving energy systems in developing countries, 46% went into areas such as coal, gas and oil compared to […]

Ofgem confirms £185m National Grid spending cut

Ofgem has confirmed it will reduce National Grid’s spending allowance for running the electricity grid and gas main. It follows a mid-period review of the 2013-2021 energy transmission price controls and the regulator’s plans to cut spending by £185 million last year. The changes in allowances mean a £168.8 million reduction for the high pressure […]

Green waste projects on the rubbish heap

Planning applications to build new green waste management sites have dropped by 20% since last year. That’s according to a new report from commercial law firm EMW, which shows the figure fell to 189 in 2015/16 from 237 in 2014/15, a five-year low. These figures include applications for materials recycling sites, composting and anaerobic digestion centres and incineration […]

US House bans spending on climate change

The US Department of Energy would be banned from spending money on climate change research and prevention under a rule change passed by lawmakers in the House of Representatives. It came in an amendment to the Energy and Water Development and Related Agencies Appropriations Act 2015, which was passed a week ago (10 July) and […]

Ed Balls backs warning on threat to green spending

Ed Balls is backing calls for the Government to stop “dithering” on its support for low carbon targets if it is to avoid losing billions of pounds of green investment. The Shadow Chancellor’s comments come as research by think tank Green Alliance shows £180 billion of new infrastructure investment, the same as 12% of GDP, […]