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Last Week in The Energy Sector – 9th to 15th Oct

By October 16, 2023No Comments

IAEA Climate Change Conference Ends with Appeal for ‘Level Playing Field’ for Low Carbon Nuclear Power

  • The IAEA’s 2nd International Conference on Climate Change concluded with a call for equal energy policies and financing for nuclear power to help achieve climate change and energy security goals.
  • The conference emphasized the crucial role of nuclear energy in meeting climate targets and the need for its large-scale deployment to achieve net zero emissions by 2050.

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Government of Canada Greening Operations and Supporting Indigenous Businesses Through Clean Electricity Infrastructure in Canada

  • The Canadian Government has awarded a $4m contract to a joint venture between South Head Energy and Switch Power to supply 6,400 renewable energy certificates annually from a new solar farm for 20 years.
  • The project supports the government’s commitment to 100% renewable electricity in federal buildings and fostering Indigenous businesses.

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EU Renewable Hydrogen Mandate Opens Potential Market for Australian Exports

  • The European Union’s new Renewable Energy Directive, requiring 42% of hydrogen to be sourced from renewable fuels by 2030, presents a significant opportunity for Australian green hydrogen exporters.
  • Australia’s abundant renewable resources and supportive government policies position it well to meet the growing EU demand, potentially boosting the Australian economy and job market.

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Marubeni Confirms £10 Billion Investment in UK Clean Energy Projects

  • Japanese trading house Marubeni has confirmed plans to invest £10bn in UK clean energy projects over the next decade.
  • The company has signed a memorandum of understanding with the UK government to collaborate on various projects, including offshore wind and green hydrogen businesses, to help the UK achieve net-zero greenhouse gas emissions by 2050.

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UK’s Labour Will ‘Rewire Britain’ As Energy Transition Battle Lines Are Drawn Ahead of Election

  • The UK’s Labour Party plans to “rewire Britain” by removing grid connection barriers, potentially unlocking £200bn ($244bn) of private sector investment in energy transition.
  • The party also plans to launch a publicly-owned company, GB Energy, to coordinate transmission operators and build a clean energy grid.
  • Labour aims to have the UK’s grid fully powered by clean energy by 2030.

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