UK’s renewable trade ‘to drop off by 75% before 2023’

Cicero Group notes this collapse in trading activity is likely to mean the UK will not alone be able to successfully achieve net zero emissions by 2050

Azerbaijan and UK partner on renewable energy

The nations have agreed to renew efforts to tackle challenges facing the energy industry

UK signs post-Brexit trade agreement with Iceland and Norway

It includes imported goods such as some fuel and oil products in a no-deal scenario

Centrica and ENGIE to trade power from Moray Offshore Wind Farm

They have signed Power Purchase Agreements, starting from commercial operation which is scheduled for 2022

EU imposes limits to steel imports after Trump’s tariffs

An investigation found imports of steel products into the EU have been increasingly sharply following the tariffs introduced by the US

Brexit must not ‘mess up UK’s energy systems’

Lawrence Slade, CEO of Energy UK, said diverging from European energy schemes won’t benefit consumers or industry

Post-Brexit trade signals ‘ominous for low carbon sector’

The future of the UK’s low carbon sector is at risk from post-Brexit trade strategies. That’s according to think-tank Green Alliance, which says the government is likely to place equal importance on trade with the EU and other countries such as the US or China. However, Green Alliance says the UK must prioritise economic alignment with […]

IEA: US could lead non-OPEC oil production in 2018

The US is expected to lead fast-rising oil production in non-OPEC countries this year, which is likely to see supply grow by more than demand. That’s according to the International Energy Agency (IEA), which says US crude output increased by a “colossal” 846,000 barrels a day in the three months leading up to November. It […]

House of Lords Committee warns of Brexit energy threats

A House of Lords Committee has warned of potential threats posed to the UK’s energy trade if the nation leaves the EU. In a new report, the EU Energy and Environment Sub-Committee suggests Brexit risks the UK’s currently “frictionless trade in energy with the EU”. The EU currently supplies around 12% of British gas and […]

Department for International Trade raises £16bn

The Department for International Trade (DIT) has secured more than £16 billion of foreign investment in five months. It states the money raised since the creation of the new department has boosted job creation and industry growth across the whole of the UK, including the energy sector. In November, International Trade Minister Greg Hands spoke to DONG […]