Here’s the week’s headlines from around the energy industry:
May 19th: No new fossil fuel boilers should be sold from 2025 in order for the world to achieve net-zero emissions, per the International Energy Agency . Heat pumps are being considered as an alternative by climate advisors - however these can be expensive, involve a lot of building work, and the government’s scrapped Green Homes Grant failed to establish heat pumps as an alternative. More discussion at the BBC here.
May 20th: On the Green Homes Grant scheme, MPs in the Environmental Audit Committee are due to discuss the future of the scheme on Thursday 27th May. We discussed the government’s ‘ECO’ scheme here on Community last month.
May 20th: Sourcing batteries for electric vehicles on a large scale could pose a problem. The Environmental Audit Committee is looking into the supply chain for EV batteries.The committee has identified that securing this supply chain is crucial to meet the government’s net zero targets. Read more from the 4th May UK parliament committees here.
May 16th: Amazon has announced it’s raising $1billion in sustainability bonds. Profits from this will go towards renewable and clean energy, greener buildings and clean transport. We’re interested to see how this will work. You can read more about it in this Reuters article.
May 20th:And some great news we love to see: the UK’s largest UK’s largest community owned solar park has secured funding. The funding will enable works to begin this year on Oxfordshire’s Ray Valley Solar park with generation expected to begin in autumn 2021. The project will increase the annual amount of renewable energy Low Carbon Hub is able to generate by five times. Mel has more information about community energy projects here.