Environmental Finance News – 350 PPM Ltd
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Company News
Whilst we hope you all had a good Christmas and a Happy New Year, we don’t think there will be many of us who will be sorry to see the back of 2020. It does also seem likely there are still some tough times ahead before we truly see the light at the end of the tunnel. But let’s focus on the positive and look back at what we can be optimistic about. Apart from the obvious arrival of the long awaited Covid-19 vaccine there are environmental success stories and initiatives to celebrate. The “green recovery” and associated reforms to recover prosperity after Coronavirus should give us hope. There is good news from the UK energy networks as they get the go-ahead to invest in the green revolution (see The Guardian article below). Jonathan Brearley, Ofgem chief executive said, “our £40bn package massively boosts clean energy investment. This will ensure that our network companies can deliver on the climate change ambitions laid out by the prime minister last week, whilst maintaining world-leading levels of reliability.” Unfortunately, it isn’t clear that this could benefit Storelectric, as it relates to “their energy network investments” and they have not stated that, their legal ban from investing in storage will be relaxed. For more information see the Ofgem press release below, which gives full details of the spending package. The Edie article: Net-zero, targets, virtual climate events and green recovery debates: The sustainability stories of 2020, gives a pretty good summary of the year.
Investment & Research
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Industry Insight
The Guardian – 08 December ’20
UK energy networks get go-ahead to invest in green revolution
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Ofgem – 08 December ’20
Ofgem gives go-ahead to a £40 billion+ investment programme for a stronger, greener and fairer GB energy system
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edie – 22 December ’20
Net-zero targets, virtual climate events and green recovery debates: The sustainability stories of 2020
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Advanced Science News – 16 June ’20
Overcoming global challenges with microalgae biorefineries
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Independent – 12 December ’20
UK government to end investment in overseas fossil fuel projects ‘as soon as possible’
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BBC – 04 December ’20
Climate change: UK aim of 68% emissions cut a ‘colossal challenge’
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