Global investment in the energy transition must double to $3.5 trillion a year to keep global warming below catastrophic levels, according to a new report by analytics and consultancy firm Wood Mackenzie.
With new funding announced for the prospective Sizewell C plant, the government seems committed to nuclear power. However, the cost of nuclear newbuild in the UK is staggering and, even if built, sufficient new capacity will not arrive soon enough to help mitigate climate change. UK electricity consumers should hope that the target of 24 GW of nuclear capacity by 2050 slips into obscurity.
Viaro Energy signs agreement with startup Newcleo to assess using nuclear power for existing and future North Sea assets
The UK government is holding early-stage talks to buy a site in Wales to build a nuclear power plant, a move aimed at reviving Britain’s ageing nuclear fleet, the Financial Times reported.
China took the global shipping industry by surprise by unveiling a super-large NUCLEAR container ship design at the Marintec marine expo in Shanghai last month.
Greenpeace said it’s suing the European Union’s executive over its decision to grant some gas and nuclear power stations a “fake” green label under EU sustainable finance rules.
In the Spring Budget, the Chancellor confirmed nuclear as “environmentally sustainable” removing an element of uncertainty which will enable the UK to plan and finance nuclear energy infrastructure in the long term. However, building confidence in technology and equipment will be key for the UK Government in delivering new nuclear power generation.
Brian Wilson takes a look at a recent Scottish Parliament committee, which had plenty of "possibilities and doubts" on the future but not a firm agenda on replacing Scotland's energy supply.
The Acorn Carbon Capture and Storage (CCS) project in Aberdeenshire is a “leading contender” for development in a newly-launched funding round, the UK Government said today.
Britain will classify nuclear power as “environmentally sustainable” as the government tries to attract billions of pounds of private capital to the sector.
Taiwanese President Tsai Ing-wen last week signed a major climate change law that introduces a net-zero carbon target for 2050 and a carbon fee system for large emitters.
Electricite de France reported a historic loss for 2022 after repairs choked its nuclear output, but the utility predicted a significant rebound in earnings this year as production recovers.
The levelised costs of electricity (LCOE) for utility solar and onshore wind in Asia Pacific were up 16% and 12% respectively since 2020, as equipment, construction costs and interest rates rose in the region. However, China was insulated from the trend.
Britain’s power traders are facing dips in wind and nuclear power that are set to tighten the country’s grid, but mild weather will ease the strain.
South Korea will boost nuclear power generation and downgrade its plans for renewable energy as the nation overhauls its electricity mix to meet emissions reduction targets.
A nuclear power plant on the Philippines’ western coast has sat idle for nearly four decades, costing billions of dollars and never producing a watt of electricity. Now, it’s at the center of a debate over whether the nation should finally adopt atomic energy.
The Government is to press ahead with building a new nuclear power plant at Sizewell C in Suffolk, the Chancellor announced.
US President Joe Biden and Indonesian President Joko Widodo announced a climate finance deal providing $20 billion to help Indonesia pivot away from coal power.
From energy rationing to onshore wind, the newly appointed business and energy secretary, Grant Shapps, has voiced opinions on a range of topics in the sector.
Rishi Sunak has reinstated a ban on fracking in England, in a reversal of his predecessor Liz Truss’ policy.
Melissa Fleming, UN under-secretary-general for global communications reported last month about how the UN has partnered with Google (NASDAQ:GOOGL) to manipulate search results on climate change. “We own the science,” said Fleming, who has no meaningful scientific training.
A nuclear plant and industrial giants in South Korea began taking precautions with the most powerful storm in the nation’s history poised to make landfall early Tuesday, after disrupting ports and air traffic across China and Japan.
Progress toward an Iranian nuclear deal has thrown the spotlight onto a sizeable cache of crude held by Tehran that could be swiftly dispatched to buyers in the event an agreement gets hammered out.
Surging oil and gas prices and European supply uncertainty resulting from Russia’s ongoing attacks on Ukraine are the latest examples of the challenges and risks of global fossil fuel dependency.
Newly elected President Ferdinand Marcos Jr reiterated his support for more renewable energy, as well as nuclear power, and natural gas, in the Philippines, one of Southeast Asia’s fastest growing economies. The news comes as plans to import maiden liquefied natural gas (LNG) cargoes into the country have stuttered due to surging global prices.