Reuters Events Sustainable Business’ Post

Indeed, a partnership to transform a country's #energy system needs to be a long-term endeavor. https://lnkd.in/dcGCfVXE. On the South African side, it looks like we might have contained the #electricity supply crisis and can now focus more purposefully on the energy #transition. We also have enacted new laws to govern how we deal with #climate change and our electricity system. From our side, we should thus be ready to take the next steps.

Something monumental happened in the UK this week. Not with a bang, but with a turning of the page in history books. On Monday, the UK’s last coal-fired plant shut down, marking the end of 142 years of coal-powered electricity production in the country. It’s a moment rich with symbolism—especially given that the Industrial Revolution began in the UK over a century ago. This closure also makes the UK the first G7 country to achieve this milestone. While there is still much work ahead—both in the UK and globally—to meet our climate goals, this is a bright spot worth celebrating. It also serves to remind us that real progress comes from taking action, not only by making pledges. One step at a time. One project at a time. If you would like to get in touch and learn how we can support your project finance needs, get in touch at info@holoceneic.com #capital #climate #climatechange #coal #electricity #energy #finance #holocene #impact #infrastructure #power #projects #renewableenergy #renewables #sustainability #unitedkingdom #valuedifferently

📜 🌍 Climate Insider Policy Ticker: The Climate Insider Policy Ticker series provides weekly insight on climate policy, environmental regulations, and government actions. Recent Updates: 👉 Egypt's Cabinet approves a national council for green hydrogen and its derivatives. 🌿 The council aims to unify state efforts to incentivize investments and projects related to green hydrogen and its derivatives in Egypt. 👉 Canada and Germany Commit up to $600 Million Towards Hydrogen Deal: Supporting Hydrogen Export in Atlantic Canada. 🌿 The Canadian and German governments are making significant investments to launch Atlantic Canada's hydrogen export industry, with each government committing up to $300 million. 🗣 With regards to the Hydrogen Deal announcement, Karina Häuslmeier, the Deputy Head of Mission at the German Embassy in Ottawa said, "Since the summer of 2022, we have seen many signs that Canada is serious about advancing the clean hydrogen economy. Today, I want to assure you that Germany is equally committed.” 👉 The U.S. Department of Energy grants Duke Energy's project $57 million in cost-share funding to strengthen North Carolina's energy grid. 🌿 The project will create 550 new jobs, with a focus on workforce development in partnership with HBCUs and community colleges. 🗣 "The grant announced today by the Department of Energy is a win for the communities Duke Energy serves, and signals North Carolina's leadership in the energy transition," said Kendal Bowman, Duke Energy North Carolina state president. 🗣 "The generous grant provided by the U.S. Department of Energy for this transmission line reconstruction work will improve the reliability of the grid while delivering affordable, clean energy to our customers," said Scott Batson, senior vice president and chief power grid officer at Duke Energy 👉 A new bipartisan US bill, introduced by Reps. Valerie Foushee (D-NC) and Max Miller (R-OH), aims to boost low-emissions cement, concrete, and asphalt development. 🌿 The bill proposes $15 million in grants through the Federal Highway Administration for purchasing low-emissions materials, authorises the Secretary of Transportation to make advance purchase commitments, and establishes an interagency task force on innovation in concrete and asphalt. Read More: https://lnkd.in/dzWDXNtf

As UK pledges £22bn in funding for carbon capture and storage projects we just need to get the consents in place for the infrastructure that connects to it: https://lnkd.in/eWaKfexS #cmsinfrastructure #cmsplanning #energy #carboncapture

How Green Hydrogen Is Critical to Electrifying Everything As April 2024 wound up, the Biden administration released rules that aim to expedite infrastructure projects and require federal agencies to get stricter in weighing the potential impacts on the […] #transformfm #ifma #ashe

There has been growing awareness of the UK power sector’s current infrastructural bottleneck.  Modernising and expanding grids has been ranked above all other energy transition priorities. Its essential to open the barrier to further de-carbonisation and meet the UK 2050 net-zero targets

The Tank Storage Association has just released its 2024 manifesto 📝 The manifesto outlines six crucial steps that the UK government can take to further secure the bulk storage sector in its journey towards carbon neutrality: 1. Collaborate with the industry to drive change and shape future decades. 2. Recognize the bulk storage and energy infrastructure sector's contributions and innovations in future plans towards net zero. 3. Streamline funding, permitting, and procurement procedures for more sector participation in net zero policies. 4. Consider storage as a net-zero technology that can advance the energy transition. 5. Explore how stockpiling obligations should change in light of geopolitical and energy transition developments. 6. Revise IETF application methods to emphasize infrastructure's role in net-zero policies. Curious to know more? Visit Fuel Oil News. https://bit.ly/3VB4BM4 #TankStorageAssociation #NetZero #CarbonNeutrality #EnergyTransition #BulkStorage #FuelOilNews

A useful primer on the next, urgent steps for upgrading the grid to enable decarbonisation ambitions to be met. According to the Workd Bank, Britain’s grid has long been one of the most stable in the world. It is also one of the world’s cleanest, emitting a third less carbon dioxide than the German grid did in 2022. Much of the success has been achieved by innovations brought about through earlier privatisations. But, as the author argues here, the next stage will require a clearly defined and enlarged role for the state. With public spending severely constrained, this will be a challenge. Might it not have been better for the government to have prioritised this foundational and fundamental upgrade before embarking on HS2 (High Speed Two) Ltd? After all, the expanded electrification of the railways and of road transport can only work if we first have a grid network capable of carrying the load. Guy Newey

A little while ago, the Department for Energy Security and Net Zero posted a highly amusing response to a Parliamentary question from Dame Andrea Jenkyns about offshore windfarms, namely the performance of the fleet in recent years (its capacity factor – the output as a percentage of the maximum theoretical output), and the department’s predictions of how that performance will change in the next few years. The results, as presented by Andrew Bowie, one of the junior ministers in the department, are shown below. As you can see, his civil servants reckon that the fleet output is going to soar. In two years’ time. It’s hard to know whether to laugh or cry at the preposterousness of this claim. There is no plausible deniability here, DESNZ is simply assuming away the problem of the extraordinary costs of Net Zero by imagining that everything is going to get far, far better in the very near future. You can guarantee that by 2025, those elusive gains will have slipped just a couple more years into the future. It’s not so much “the grown-ups are back in charge” as “the fantasists have taken over”.

Compare and contrast: What do the party manifestos propose in relation to the energy and infrastructure sector? In this series, we summarise the positions each Party has taken on key energy and infrastructure topics. First, we consider what commitments, if any, the Parties have made to achieving the UK’s legislated target of Net Zero by 2050. In our next article, we will consider the Party positions on the UK's future energy mix. Finally, we will summarise and provide commentary to the Party positions on the planning system and the types of reforms that have been pledged. https://lnkd.in/eEUgPNNr