Fund launched to boost energy technology development
- Mitigation ,
- Generation ,
Businesses developing new products and technologies to tackle climate change can apply for a new £14 million fund launched by the business department (BIS).
Innovate UK, the UK’s innovation agency formerly known as the Technology Strategy Board, is supplementing this fund with a further £5 million. This fund aims to increase research and development, and consequently reduce the environmental impact of extracting and using fossil fuels.
Small businesses have been set aside £1 million of this in order to take advantage of the “changing energy landscape”.
“We are facing a trilemma,” said business secretary Vince Cable. “As well as reducing emissions and improving energy security, we need to reduce costs for energy users.
“Governments have their role to play, but we also need there to be investment by business in innovation to develop new products and technologies.”
Demand for fossil fuels will peak by 2025 if all national net-zero pledges are implemented in full and on time, the International Energy Agency (IEA) has forecast.
The Green Homes Grant is set to deliver only a fraction of the jobs and improvements intended, leading to calls for more involvement from local authorities in future schemes.
COVID-19 recovery packages have largely focused on protecting, rather than transforming, existing industries, and have been a “lost opportunity” for speeding up the global energy transition.
Half of the world's 40 largest listed oil and gas companies will have to slash their production by at least 50% by the 2030s to align with the goals of the Paris Agreement, new analysis has found.
None of England’s water and sewerage companies achieved all environmental expectations for the period 2015 to 2020, the Environment Agency has revealed. These targets included the reduction of total pollution incidents by at least one-third compared with 2012, and for incident self-reporting to be at least 75%.
The UK’s pipeline for renewable energy projects could mitigate 90% of job losses caused by COVID-19 and help deliver the government’s ‘levelling up’ agenda. That is according to a recent report from consultancy EY-Parthenon, which outlines how the UK’s £108bn “visible pipeline” of investible renewable energy projects could create 625,000 jobs.
Billions of people worldwide have been unable to access safe drinking water and sanitation in their homes during the COVID-19 pandemic, according to a progress report from the World Health Organisation focusing on the UN’s sixth Sustainable Development Goal (SDG 6) – to “ensure availability and sustainable management of water and sanitation for all by 2030”.