Atlantis CSP - Concentrated Solar Power
  •  
  •    
    News:   All   Concentrated Solar Power   Clean Energy   Climate Change   Water Supply   Pollution
    Wed, 29th Mar 2023 11:01:00
    Climate change: UK risks losing investment in net-zero race, MPs warn
    The UK is at risk of losing jobs and investment in the "net-zero race", senior cross-party MPs have warned. The government is set to announce its revised energy strategy on Thursday. It argues the UK is a "world-leader" in working towards net-zero. But cross-party MPs fear investors - and jobs - could move elsewhere if the strategy is not ambitious enough. A Department for Business and Trade official said the government was having "almost daily" conversations with companies so they know the UK is committed to supporting green technology. What does net zero mean? Can the UK afford its net zero policies? Is the UK on track to meet its climate targets? Why is the government outlining yet another energy and net-zero strategy, when it had one last year? In part, it's out of necessity. In July 2022, the High Court ruled its existing net-zero strategy "unlawful" for not showing how the UK will hit legally binding carbon targets. Ministers also want to produce a plan for how UK net-zero policies can help grow the economy - one of the prime minister's priorities, even if net-zero is not. They also need to respond to a government-commissioned net-zero review by Conservative MP Chris Skidmore. It said the UK was "falling behind" on some climate targets, needed to be more ambitious, and should speed up the rollout of renewable energy, heat pumps, and insulation among other recommendations. Race for net-zero It's not though, I'm told by government insiders, meant to be the UK's response to a huge green subsidies programme in the US yet - that'll come later - which is concerning some climate-watchers in Westminster. Reaching net-zero is often dubbed a "race". Not just against time - with the impacts of climate change becoming more apparent - but economically too. In the US, President Biden has introduced a multi-billion dollar package - the Inflation Reduction Act - to speed up the production of green technology such as solar panels and wind turbines and to subsidise people to make environmentally friendly purchases like electric cars. Billions of dollars are being given to communities who have suffered most from fossil fuel production. Extra tax incentives are also on offer for businesses investing in green jobs and technology in low-income areas. The EU has responded with plans for a Net Zero Industry Act to increase subsidies for green industry. Risk of jobs moving The US's move has vocal critics in the UK government. Business and Trade Secretary Kemi Badenoch has described it as "protectionist", Energy Secretary Grant Shapps as "dangerous". Some fear it's given the US an unfair competitive advantage, and that it's an attempt to lure high-tech manufacturing companies to the US. Some electric car and wind turbine manufacturers, among others, are already looking to relocate - taking good jobs with them, from areas of the UK that need them. The government claims its existing plans to invest in renewable and nuclear technologies will support up to 480,000 green jobs and secure up to £100bn of private investment by 2030. A Department of Business and Trade official told the BBC Ms Badenoch will bring forward an "Advanced Manufacturing Plan" in the coming months to make the UK a more competitive place for green industries to do business and "one of the best places in the world to manufacture electric vehicles and develop critical supply chain technologies". They added that the government was having daily conversations with companies in this space. The chancellor also said at the budget he'd use his Autumn Statement to "complete our response to the challenges created by the US Inflation Reduction Act". Business 'could go elsewhere from Thursday' But opposition parties, as well as some business leaders, green groups and Conservatives, fear time is running out to respond to the US's ambition. The independent climate think tank E3G said the government's decision not to announce any new public investment or tax breaks for green industry in the Budget was a "disappointment" to UK business. Labour's shadow climate change and net-zero secretary Ed Miliband has argued for a British equivalent of the Inflation Reduction Act (IRA) and a national wealth fund to invest in green technology alongside the private sector. "We need to stop moaning about the IRA and start matching its ambition," he said. Mr Shapps has accused Labour of having a "£28bn plan for borrowing, nothing more". More concerning for the government may be some of the critics in its own ranks. Mr Skidmore, who authored the government's net-zero review, told the BBC: "We have a vanishingly small window to act. There is a net-zero race, there are net-zero markets that will go elsewhere." He added that the "real risk" on Thursday is that if the government does not provide certainty that "demonstrates that this is a place to invest" then "investors will say this doesn't deliver". "From Thursday they will begin to take strategic decision to go elsewhere." Not just about money Thursday is not a "fiscal event" or Budget, so it's not expected new investment will be announced. But Mr Skidmore said this is not just about money, but also demonstrating how welcoming the UK's planning and regulation systems are to green infrastructure. For example, current planning rules make it very hard to build new onshore wind turbines and there are concerns the UK's national grid - electricity network - needs more capacity to accommodate further renewable energy. "Ultimately," he said, "investors will look at what is being proposed and say 'yes this is a country we can do business' or move elsewhere." It's a sentiment echoed by the UK's former COP26 President Alok Sharma, who said: "We are fast approaching a crossroads." The Tory MP added that the US Inflation Reduction Act was attracting billions of dollars of private sector investment in green industries and that the government must set out a meaningful response like financial incentives on Thursday or "we can allow others to win this critical race". He said mixed signals of delayed delivery of policies will "not cut the mustard" for businesses.
    Read original full article
    #Carbon Footprint
    #Climate Change
    #Government Policies
    #Greenhouse Gas Emissions
     
         



    Back to Featured Articles
     
    LATEST NEWS
    Wed, 10th May 2023
    How bankruptcy helps the coal industry avoid environmental liability
    Jeff Hoops built Blackjewel into the nation’s sixth largest coal company by acquirin... more
    #Coal
    #Environmental
    #Investment
    #Social & Economic
    German lawmakers mull creating first citizen assembly
    German lawmakers are considering whether to create the country’s first “citizen as... more
    #Climate Change
    #Government Policies
    #Protests
    #Social & Economic
    Yousaf: Just transition away from oil and gas is a moral imperative
    The Scottish First Minister also said his Government will ‘rise to the challenge’ ... more
    #Alternative Energy
    #Carbon Footprint
    #Fossil Fuels
    #General Clean Energy
    #Government Policies
    #Social & Economic
    Labor’s hydrogen pledge a ‘great start’ but more needed to become global player, experts say
    Australian Hydrogen Council welcomes $2bn funding but MP Sophie Scamps calls it ‘a d... more
    #Government Policies
    #Hydrogen
    #Investment
    #Social & Economic
    Tue, 9th May 2023
    US support for nuclear power soars to highest level in a decade
    A Gallup survey released in late April found that 55 percent of U.S. adults support th... more
    #Carbon Footprint
    #Energy Supply
    #Government Policies
    #Nuclear
    #Social & Economic
    Italian oil firm Eni faces lawsuit alleging early knowledge of climate crisis
    Exclusive: Company accused of ‘lobbying and greenwashing’ for more fossil fuels de... more
    #Carbon Footprint
    #Climate Change
    #Environmental
    #Greenhouse Gas Emissions
    #Oil
    #Social & Economic
    Saudi oil group Aramco to pay more to state despite profits drop
    World’s largest energy company’s first-quarter profits fall by 19% to $32bn after ... more
    #Government Policies
    #Oil
    #Social & Economic
    Mon, 8th May 2023
    UN Forum on Forests: 5 things you need to know
    The sustainable management of the world’s forests takes centre stage at the UN Forum... more
    #Climate Change
    #Deforestation
    #Environmental
    #Government Policies
    #Social & Economic
    ‘Lack of vision’: UK green energy projects in limbo as grid struggles to keep pace
    Clean electricity plans stuck for years because of ‘negligence’ by governments ove... more
    #Alternative Energy
    #Climate Change
    #Energy Supply
    #General Clean Energy
    #Government Policies
    In Norway, the Electric Vehicle Future Has Already Arrived
    A traffic intersection in Oslo as the sun is setting. A vehicle is turning to the left... more
    #
    #Government Policies
    #Social & Economic
    #Transport
    Countries must forge ‘Global Blue Deal’ to protect the ocean: UNCTAD
    The ocean can provide vast opportunities for developing countries to build more innova... more
    #Climate Change
    #Environmental
    #Pollution General
    #Social & Economic
    #Water Pollution
    Sun, 7th May 2023
    Climate change: Vietnam records highest-ever temperature of 44.1C
    Vietnam has recorded its highest ever temperature, just over 44C (111F) - with experts... more
    #Climate Change
    #Environmental
    #Extreme Weather
    UK solar energy firm offers ‘shared’ scheme that could save £200 a year
    If you would love to have solar panels but don’t own your home or can’t afford the... more
    #Carbon Footprint
    #Energy Supply
    #General Clean Energy
    #Photovoltaic Solar Power
    #Social & Economic
    Canadian province of Alberta declares wildfire emergency
    Alberta has declared a state of emergency after wildfires spread across the western Ca... more
    #Environmental
    #Extreme Weather
    #Health
    #Wildfires
    Fri, 5th May 2023
    Filipino activists appeal to British banks over region devastated by oil spill
    Environmentalists from the Philippines urge investors to avoid LNG projects which they... more
    #Environmental
    #Health
    #Social & Economic
    Shell looks to sell off its stake in controversial Cambo oilfield
    Energy firm’s 30% stake in field off Shetlands up for sale amid fierce opposition to... more
    #Climate Change
    #Greenhouse Gas Emissions
    #Protests
    #Social & Economic
    Drought prompts French ban on garden swimming pools
    Garden swimming pools are to be banned from sale in a part of southern France over wor... more
    #Drought
    #Environmental
    #Fresh Water
    #Government Policies
    Thu, 4th May 2023
    Can Morocco solve Europe’s energy crisis?
    Morocco has big ambitions to export electricity produced by solar and wind farms to Eu... more
    #Concentrated Solar Power
    #Electricity
    #Energy Supply
    #Photovoltaic Solar Power
    Pro-Putin businessman emerges as pick to chair Italy’s biggest energy firm
    Fears appointing Paolo Scaroni as Enel CEO would undermine US and EU attempts to curb ... more
    #Fossil Fuels
    #Government Policies
    #Natural Gas
    #Social & Economic
    Wed, 3rd May 2023
    Northern Territory clears way for fracking to begin in Beetaloo Basin
    Environmental groups and scientists say move will have an unacceptable impact on the c... more
    #Climate Change
    #Government Policies
    #Natural Gas
    #Protests
    #Social & Economic
    New temperature records, food security threats likely as El Niño looms
    The development of an El Niño climate pattern in the Pacific Ocean this year is more ... more
    #Extreme Weather
    #Farming/Agriculture
    #Health
    #Social & Economic
    Snowy Hydro 2.0 project hit by delay of up to two years and another cost blowout
    Government-owned company pushes earliest start date of pumped hydro project to the sec... more
    #Government Policies
    #Hydrogen
    #Social & Economic
    Australia warned of ‘over-mining’ risk in race to secure minerals needed for clean energy
    Research says mining boom to support renewable energy risks ‘significant social and ... more
    #Alternative Energy
    #Construction
    #General Clean Energy
    #Government Policies
    #Social & Economic
    Tue, 2nd May 2023
    Climate change: life in ocean ‘twilight zone' at risk from warming
    Climate change could dramatically reduce life in the deepest parts of our oceans that ... more
    #Climate Change
    #Environmental
    #Pollution General
     
    Results: 4212   1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176    
       


    Consultation & Development Enquiries
    Whatever stage your project is at find out how we can either help to
    improve production, reduce costs or assist with development
    Name
    Company/Regional Dept.  
    Email (Required)
    Telephone (Optional)
    Enquiry
    Spam Filter
    Enter only dark letters
    R U M E F U
     
    Your details will only be used for Atlantis CSP to contact you regarding this enquiry and will not be shared with any third party


    Energy News
    How bankruptcy helps the coal industry avoid environmental liability
    Wed, 10th May 2023 18:04:00
    German lawmakers mull creating first citizen assembly
    Wed, 10th May 2023 17:00:00
    Yousaf: Just transition away from oil and gas is a moral imperative
    Wed, 10th May 2023 14:15:00


    How bankruptcy helps the coal industry avoid environmental liability
    Wed, 10th May 2023 18:04:00
    German lawmakers mull creating first citizen assembly
    Wed, 10th May 2023 17:00:00
    Yousaf: Just transition away from oil and gas is a moral imperative
    Wed, 10th May 2023 14:15:00