Alaska’s decision to host the largest oil and gas lease sale of any US state this year is good news for the oil and gas industry, which has been pressing for more access. And while the resulting exploration and production certainly will be good for the overall economy – creating jobs and boosting activity – it is a pity that it is not against a backdrop of better news on the environmental front.
[Solar panels wind turbine] Banks will have to supply 2 per cent of Europe’s GDP, or €2.9 trillion, to meet consumer demand for projects and technologies that tackle climate change, according to a new report from Barclays and Accenture. Read more
Last year was not a good one for investment in green projects and technologies. The combined effect of the recession and the hangover from the failure of the Cancun talks saw investment levels drop sharply.
But this year is looking rosier, according to HSBC. Read more
In the first of a new series of readers’ Q&A sessions, Sara Vaughan, Eon UK’s head of energy policy and regulation, took on the burning questions you wanted answering. Below are her thoughts on how the UK measures up on low-carbon energy, the limitations of a carbon floor price and why the carbon reduction commitment might be better off as a tax. Read more
The smart electricity market in the European Union is expected to expand rapidly in coming years, according to a report by Greenbang, an independent sustainability research house, which sees the meter market hitting between $24bn and $26bn by 2020
Government initiatives, growing demand for energy, and rising oil prices are all expected to result in between 133m to 145m new smart meters being installed by the end of the decade. Recently the EU set the target of installing smart meters in 80 per cent of households by 2020.
The report stated:
The top countries for this market will probably be those that haven’t yet implemented smart metering on any meaningful scale: Germany, the UK and Poland. France and Spain are also set to make a significant impact in the next few years, with announced projects already in the
It is estimated that only about 53m smart meters are currently installed across Europe. Read more