UK Government Accused of Setting Back Climate Action as Wind Project Dealt Major Blow
- The UK Government has been criticised for hindering climate action after Wales’ flagship offshore wind project failed to secure a contract in the renewable energy auction.
- The low maximum price for generators deterred bidders, and the government was urged to reform the auction framework to reflect rising costs.
- The failure to secure the project is a setback for southwest Wales’s economy and renewable energy industry.
German Parliament Approves Plan To Replace Fossil-fuel Heating Systems
- Despite infighting within the governing coalition, Germany’s parliament has approved legislation to replace fossil-fuel heating systems.
- The bill calls for newly installed heating systems in new housing developments to be at least 65% renewable energy, with subsidies available to help people switch.
- Existing heating systems will be allowed to continue until 2045, when all systems must be switched to renewable energy.
- The plan still needs approval from parliament’s upper house.
Woodfibre Lng Signs Third Sales Agreement With BP
- Woodfibre LNG has signed a third sales agreement with BP Gas Marketing to deliver liquefied natural gas (LNG) from its export facility in British Columbia.
- The agreement includes an additional 0.45 million tonnes of LNG annually over 15 years.
- Woodfibre LNG aims to achieve net zero carbon emissions and is set to begin construction this month.
Allianz Announces First Net-zero Transition Plan With 2030 Intermediate Targets For Core Business Segments
- A leading insurer and asset manager, Allianz has announced its first net-zero transition plan.
- The plan includes intermediate targets for 2030, such as a 30% reduction in carbon emissions for its retail motor segment and a 45% reduction in greenhouse gas emissions in its commercial insurance segment.
- Allianz also plans to invest an additional €20 billion in climate and cleantech solutions by 2030.
- The company aims to achieve net-zero emissions by 2050.
Department Of Energy Announces $112.4 Million For Research To Support National Biopreparedness And Response
- The U.S. Department of Energy (DOE) has announced $112.4 million in funding for 10 research projects to support national biopreparedness and response capabilities.
- The projects will utilise DOE’s unique capabilities and facilities to study pathogen interactions, develop models for epidemic spread, design anti-pathogen materials, and enhance biopreparedness and response techniques.
- The funding builds on the success of the National Virtual Biotechnology Laboratory’s contributions to the fight against COVID-19.