Energy news round-up 28/5/21

Hello community,

Here are the latest headlines from around the energy industry. Some very promising news this week!

May 28th:
The government is contributing £30m to set up ‘heat networks’ in cities including London, Glasgow and Manchester, and a further £14.6m to develop other low-carbon technologies that can heat and cool buildings without fossil fuels. These heat networks will pull excess heat from sources such as factories and incinerators. You can read more about plans for low-carbon heating at the Guardian.

May 27th:
75% of contractors surveyed by Aberdeen and Grampian Chamber of Commerce (AGCC) are anticipating moving into renewables over the next three to five years. Contractors claimed oil and gas activity would account for less than three quarters of their business activity by 2025. The average today stands at 86%. Read more about the survey’s cautiously optimistic conclusions on the BBC.

May 25th:
COP26 President Alok Sharma spoke at the P4G summit, jointly hosted by the Korean Ministry of Economy and Finance and the Green Climate Fund. He discussed the country’s commitment to transitioning from fossil girls to an ‘overwhelmingly decarbonised’ power system in the 2030s. Read a full transcript of Sharma’s speech here.

May 26th:
The government announced a £166m funding package for developing green technologies that will help decarbonise polluting industries. The funding is expected to be used for developing low-carbon hydrogen, carbon capture, and greenhouse gas removal, among other initiatives. Find out more about the green tech funding package at RenewablesNow.

May 28th:
The G7 summit taking place in Cornwall in June will be carbon-neutral. Local seasonal produce will be used for catering and on-site generators will be powered by cleaner fuels such as hydrotreated vegetable oil instead of diesel. COP26 president Alok Sharma said the “carbon-neutral, sustainable G7 Summit is an opportunity to show the world the UK is serious about uniting global leaders to deliver genuine climate action”. Read more about the plans for G7 at Energy Live.

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