The latest findings on the green economy reportedly exceeded £46 billion, but industry experts have warned that growth needs to be accelerated if the UK is to deliver on its net-zero targets.
Environmental and clean energy campaigners are urging the government to focus more on accelerating the development of green energy projects and services in response to the climate targets of the UK.
The draft plan includes a ten-year strategy to put a stop to the decline and extinction of species, enabling our ecosystems to recover by 2050.
Governments are expected to implement a new list of biodiversity targets, replacing the previous goals set back in 2010 in Aichi, Japan, of which most have reportedly not been achieved.
Larry Fink, the CEO of BlackRock explained that climate change is now a decisive factor in business’s long term development and points to sustainable investment plans as a clear option to deliver better results for customers. BlackRock plans to make sustainable investment accessible to all and remove the barriers for those interested in participating in such programs.
Sustainable finance incorporates green bonds, socially responsible investment plans (SRI), environmental, social and governance (ESG) factors, climate finance and performance bonds. Sustainable finance has become a focus in “Ireland for Finance”, a core strategy for the development of Ireland’s financial services industry to 2025.
Some of the world’s largest tech businesses are supporting a record rise in the amount of renewable energy sold to corporate businesses last year. Leading technology organisations like Google, Facebook, Amazon and Microsoft are some of the biggest buyers of renewable energy.
The collaborative project ‘Imagining 2050: engaging, envisioning and co-producing pathways to low carbon resilient Ireland’ is focused on defining national issues and exploring how local communities and create a sustainable and socially inclusive future. Researchers are highlighting the combination of social and scientific knowledge, emphasising the connection between the local community experience with scientific knowledge.
According to National Grid, the UK must generate 120,000 green energy jobs by 2030 to support the transition towards a net-zero carbon economy if the government intends to meet its climate targets.
The new report highlights that Britain needs over 100,000 people in the next decade to support the development of new projects and reduce emissions to near zero. This figure is anticipated to rise even further to 400,000 by 2050 when the Government intends to have a clean energy system in place.
Big oil holds a significant slice of our global energy market and despite a worldwide spotlight on climate change, oil and gas will likely remain part of our energy mix for some years to come. Its dominant position in the energy market may be subsiding slightly, oil and gas businesses undeniably have a significant influence on the rate of movement and progress towards a low carbon energy system.
In the next few years, artificial intelligence is anticipated to have a significant impact on enhancing the efficiency of the clean energy industry by automating a number of operational procedures within the solar and wind markets.
Artificial Intelligence (AI), combined with a number of innovative technologies like Machine Learning (ML) and Deep Learning has already clearly demonstrated their potential to enhance the energy and utility market.
A new study by Wood Mackenzie has predicted that the 2020s will be a new era for the wind industry and will see the offshore wind market’s share of the annual global wind industry reach 25% by 2028. The report suggests that the onshore wind industry will continue to mature and compete further with solar as suppliers seek for further collaboration.
New and innovative technology is being introduced into the industry at an accelerated rate. For clean energy, the new technology represents a number of new and exciting opportunities. Creating the most efficient and cost-effective solar systems requires utilising the best technology available. Industry professionals are now exploring a number of new systems that could be used to radically transform the solar market.