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A new £34 million Scottish Industrial Energy Transformation Fund has been launched to help manufacturing industries reduce energy costs and emissions. Scottish businesses at industries where energy usage makes up a significant part of production costs can apply for match funded grants of more than £125 000 to invest in energy efficiency and low-carbon technologies. Scotland’s Energy Minister Paul Wheelhouse commented...

Nottinghamshire County Council is set to invest in an energy storage project that seeks to charge electric vehicles with on-site solar power. At their meeting on 9 December, councillors gave their unanimous support for endorsing a partnership between Via East Midlands, a highways services company owned by the County Council, and Cheesecake Energy Ltd with a £20,000 towards feasibility work...

Water regulator Ofwat is launching a conversation across England and Wales on what the water sector should look like by 2040, asking anyone interested in the sector open questions about meeting the needs of customers, the environment and wider society in the long term. The water sector faces a number of challenges as it looks towards 2040. The fourth industrial revolution...

Energy regulator Ofgem has accepted National Grid's request to treat their proposal to change the way its revenues are calculated, which would limit the rise of capacity tariffs in February, as urgent. On 8 December National Grid Gas Transmission submitted a Uniform Network Code  modification proposal to Ofgem that seeks to change the way its allowed revenues are calculated. The system...

Aviva Investors intends to provide £1bn of sustainability-linked loans to the real estate sector over the next four years. The move is supported by the company's proprietary Sustainable Transition Loans Framework, which will be used to seek out sustainable real estate loan investment opportunities in line with the United Nations Sustainable Development Goals. Loans provided through the lending programme will incentivise...

Today the Scottish Government has published a consultation on a proposed New Build Heat Standard, which would require all heating systems in new build homes given consent to from 2024 to produce no direct greenhouse gas emissions. The Scottish Government intends to phase in a similar approach for new non-domestic buildings from 2024. Emissions from buildings are responsible for approximately 20%...

The Climate Change Committee (CCC) has presented 'a world first' detailed route map for a fully decarbonised nation, along with its sixth Carbon Budget (2033-2037). In its new 1,000-page report, the CCC sets out the path to that goal over the next three decades, including the first ever detailed assessment of the changes that will result – and the key...

The Environment Agency is asking for comments on their proposed charges for recovering the costs of regulatory work to run a UK Emissions trading scheme. Regulating emissions of greenhouse gases through an emissions trading scheme covers about 30% of the UK’s greenhouse gases. The Environment Agency is currently responsible for ensuring compliance and enforcement of the European Union Emissions Trading System (EU...

Deutsche Bank plans to link growth targets for sustainable business activities covering the ESG (environmental, social, governance) space to payments to management from 2021. According to the bank, the volume of sustainable financing and client investments is set to reach more than 20 billion euros in the current year and to rise gradually to more than 200 billion euros by...

Today Ofgem has announced a £40 billion into the national grid and infrastructure as the regulator has published their settlements for the next network price control, known as RIIO-2. This funding consists of £30 billion upfront funding to companies and £10 billion on standby for green projects. Network companies run the pipes and wires that transport gas and electricity around Britain....