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Polluting emissions must fall by almost 80% by 2035
Dec 29, 2020

A key message from the Climate Change Committee’s new landmark report for the Sixth Carbon Budget suggests polluting emissions must fall by almost 80% by 2035, compared to 1990 levels. This fall in emissions was the UK’s 2050 goal only one and a half years ago.

Zero-carbon replacements

If we’re to achieve this target by the early 2030s every car, van, and boiler replacement must be zero carbon. The Climate Change Committee’s report shows that a major investment programme across the country must be rolled out in order to deliver the suggested target. The government’s advisers expect that the outlined path could help policymakers and the public save money and resources by using cleaner technologies, including electric vehicles and more renewable energy infrastructure.

Driving down the cost of net zero

The Climate Change Committee also estimates that these savings could reduce the cost of the UK’s net zero journey when compared with previous assessments. Predicting that the cost could be driven down to less than 1% of the UK’s GDP over the next 30 years. This reduction is mainly attributable to the falling cost of offshore wind and a range of low carbon solutions that have become available for every sector.

Moving towards net zero

We’re committed to helping our customers reduce their emissions, shaping a net zero future for the UK. Your business can play a part helping the UK reduce polluting emissions through our variety of green products and services. Including our green energy tariff where 100% of supplied electricity is from renewable sources - with each megawatt backed by Guarantee of Origin certificates. Find out more about our green tariff for business below.

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06 Jul, 2022
Balancing planet and profit during unprecedented market volatility
By Vander Caceres 14 Jun, 2022
Wholesale energy prices have experienced unprecedented levels of volatility since the end of summer 2021, with both day ahead/spot and future contracts surging to all-time highs. In the last couple of months, prices have decreased but still remain high compared to a year ago. This period of high energy prices is expected to continue for the foreseeable future (see next section). Energy prices have surged for a number of reasons: A global increase in gas demand following the ease or end of Covid-related restrictions throughout 2021. After the pandemic, economies across the world started to recover. Asian countries like China saw their imports of Liquified Natural Gas (LNG) increase. This resulted in lower LNG shipments to the UK and Europe. On the supply side, the Covid-19 lockdowns pushed some maintenance work from 2020 into 2021 at a time when demand was recovering. In 2021, gas production hit a record low of 363TWh, 47TWh below the previous record low in 2013. Low production was the result of an extensive summer maintenance schedule which saw shutdowns at several major terminals, as well as the Forties Pipeline System which serves a significant proportion of UK gas and oil production. A lack of wind in the summer resulted in higher demand for conventional power. European gas storage in 2021 and Q1’22 remained far below previous years and it’s unclear how these are going to be replenished in the summer given the concerns around supply including the potential suspension of Russian gas flows due to sanctions. The 1,234km offshore Nord Stream 2 gas pipeline, which was designed to double the flow of gas between Russia and Germany (and by extension the rest of Europe) has been abandoned following the invasion of Ukraine. Gas storage in the UK is extremely minimal with capacity at less than 2% of the UK’s annual demand, compared with 22% for other European countries. Whilst the UK is not heavily reliant on gas coming from Russia, it sources almost half it’s gas supply from Europe. Hence, wholesale gas and power prices in the UK are now subject to knock-on-effects from the conflict in Ukraine.
20 May, 2022
Amidst rising energy costs, digitalisation, growing pressure from stakeholders and increasing regulation, organisations may struggle to define their pathway to a low-carbon future. What can you do to protect your business’ net zero plans from the challenges of volatility? Disruption and volatility are putting organisations under pressure. Digitalisation and new technology developments continue to challenge existing business models. Its increasing dependence on energy and encouraging businesses to drive change to secure competitive advantage. And as customers, employees and shareholders look to engage with companies who understand the importance of decarbonisation, pressure is mounting to prioritise sustainability.
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