It is November 2020. A global pandemic has swept across the UK, the economy is limping along on government-backed crutches, and the country needs some hope. Prime Minister Boris Johnson talks of plans to "build-back-better" to bring "green and growth" together and transform the UK's energy system.
Fast forward to today, and we have seen little evidence of the much hyped 10-point plan being put into action, nor of any plans to launch the promised "green industrial revolution" that Johnson made such noise about last autumn.
Regular readers of Money Marketing no doubt will have noticed that different actors in the financial sector regularly announce new strategies or portfolios that are aligned with 'the net-zero objective'.
As we look to emerge from the Covid-19 pandemic, another threat is looming: climate change. It's been there for a while but has climbed up the agenda in recent years.
Scopelitis will be responsible for the origination and execution of new investments for Victory Hill Capital Advisors, as well as for portfolio asset value enhancement. He joined the team on 26 April 2021.
The build-out of renewable power generation has, in large part, been a stand-out success across developed economies.
A report earlier this year celebrated the ‘landmark’ finding that renewables overtook fossil fuels as the main source of energy in the EU for the first time in 2020. In the UK, a record 42% of electricity came from renewable sources last year, compared to 41% from fossil fuels – a record in its own right.
With policymakers worldwide now focusing on the expansion of renewable power, the issue of updating ageing networks has become all the more urgent, writes Richard Lum
Recent sweeping power outages in Texas have thrown the issue of energy resiliency into sharp focus. With temperatures plunging as low as -18C, households and businesses across the state were left without one of our most basic human needs – access to a reliable, secure source of energy.
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