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Drax Cancels Plan to Build Europe’s Largest Natural Gas Power Plant

GreenTechMedia

gigawatt natural gas power plant in the U.K. have been shelved by the developer Drax, highlighting the challenging economics of converting coal-fired power to a cleaner, but still fossil-fuel-fired, alternative. ’s largest power plant. GW of power output to biomass, with a remaining 1.3 Plans for a new 3.6-gigawatt

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Europe’s Energy Storage Market Is Fading, Right When It’s Needed Most

GreenTechMedia

European energy storage deployment is set to shrink compared to other global markets, even as the need for flexibility on the grid increases, according to new research from Wood Mackenzie. In 2014, EMEA, dominated by Europe, represented 44 percent of global energy storage deployment. By the end of 2019, the total tally (plus the U.K.)

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Cheap Wind and Solar Should Prompt ‘Rethink’ on Role of CCS, Paper Argues

DeSmogBlog

The falling cost of wind and solar power significantly reduces the need for carbon capture and storage technology to tackle climate change, a new paper has argued. Cheap, abundant renewable energy reduces the value of CCS in all areas.”. by the end of the century. Renewables. The Right Kind of CCS’.

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UK Ministers Met 1-on-1 with Fossil Fuel and Biomass Producers Nine Times as Often as Renewables Since Kwasi Kwarteng Took Energy Portfolio

DeSmogBlog

Policymakers met with fossil fuel and biomass producers nine times as often as with their renewable energy counterparts, DeSmog can reveal, raising fresh concerns over the depth of the government’s commitments to reaching net zero emissions by 2050. Our record on renewable energy speaks for itself,” they said. “In

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? Alterra’s $30B bridge for climate financing #176

Climate Tech VC

Countries and companies have also kicked off pledges to triple investments in renewables and nuclear, drive down methane emissions, and commit loss and damage funds. In deals, major funding includes $116M for hydrogen-powered aviation, $44M for sustainability software, and $75M in project finance investment for SAFs.

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The road to sustainable health

Business Green

A year ago the government committed to making the UK a net zero emitter by 2050. In order to achieve this, there are a number of pressing environmental issues that we face, with governments, business and citizens focusing their efforts to reduce our carbon footprint and become more sustainable as a nation.

Health 78
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Winners and Losers of BlackRock’s Climate Pushback (So Far)

GreenTechMedia

” With more than $6 trillion of investments under management and influence in boardrooms of nearly 1,800 companies, what BlackRock says carries big weight across the corporate and political world. Coal miner Peabody Energy, for one, has seen its backing from BlackRock dwindle. In 2018 BlackRock held around 6.3