If the UK had transitioned fully away from fossil fuels to renewable technologies it could have reduced the cost of energy bills in 2022 by around £1,750, the Energy and Climate Intelligence Unit (ECIU) has said.
The energy crisis could expose energy suppliers to around £1.9 billion of debt, much of which would be unrecoverable, according to a new report from Cornwall Insight and Complete Strategy.
Regen, on behalf of six trade bodies, has called on the Department for Business, Energy and Industrial Strategy (BEIS) Secretary Grant Shapps to address network constraints with many facing connectivity delays of up to 15 years.
As the UK’s renewable economy continues to grow, consultancy firm PwC stated that green jobs are currently growing at four times the rate of the overall UK employment market.
The Confederation of British Industry (CBI) has urged the government to extend the Energy Bill Relief Scheme beyond March 2023 for high energy users to prevent plunging British industry into disarray.
DNV has released a new report which indicates the UK is set to miss its 2050 net zero target and has called on industry and government to mobilise a clear roadmap to attain the mid-century goal.
Should loopholes for tax incentives be removed from the UK government’s windfall tax could generate around £22 billion in additional revenue, research from the New Economics Foundation (NEF) has found.