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London boroughs face new homes ban amid electricity grid constraints

Business Green

Property developers in three west London boroughs have been told of limitations on new building because the local electricity infrastructure cannot cope, with part of the blame being placed on data centres. Developers in three west London boroughs are being told to limit new building because the grid is full to capacity.

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? Copper’s the new gold rush #184

Climate Tech VC

  KoBold Metals discovered a major copper deposit, which could be the start to solving growing supply and demand imbalances brought on by copper’s fundamental role in the energy transition.  Demand The most critical of energy transition minerals.   Big enough to matter.   Demand is on the rise.

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'Still a work in progress': UK on track to meet EV charging rollout targets, but barriers remain

Business Green

That is the headline finding from a new report by EV research body New AutoMotive titled On the Road to 2030. Another key barrier to installing additional infrastructure identified by the report was the cost of upgrading local electricity connections to accommodate higher usage. It calculated that EVs charged at 68.7p/kWh

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Global Briefing: EU to push for global fossil fuel phase out at COP28

Business Green

The text, which has been approved by ministers from all 27 EU nations , states that the bloc will "systematically promote and call for a global move towards energy systems free of unabated fossil fuels well ahead of 2050", alongside pushing for a peak in fossil fuel consumption in the near term.

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Car bans, carbon markets, and greener buildings: EU states find common ground on key climate issues

Business Green

Agnès Pannier-Runacher, French Minister for the energy transition - who led the negotiations - hailed the agreement on the Fit for 55 package as "a crucial step in attaining our climate objectives". The EU is one of the world's largest auto markets and home to many of its biggest auto manufacturers.

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? Big oil’s big CCS play #158

Climate Tech VC

deal on Thursday, ExxonMobil acquired Denbury , a Texas-based energy company focused on carbon capture and storage (CCS) and enhanced oil recovery (EOR) that controls the largest network of CO2 pipelines in the US. CCS is basically the only path for an O&G company to decarbonize while continuing its fossil fuels business.

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? Ammonia goes from fertilizer to fuel #180

Climate Tech VC

  Ship Orders  Yara Eyde, a joint venture between Yara Clean Ammonia and North Sea Container Line, aims to be the  world’s first clean ammonia-powered container ship. Saudi Arabian ACWA Power outlined a $4bn green hydrogen and ammonia facility in Egypt that could produce up to 600,000 tons of green ammonia per year.