The UK electricity grid has set yet another record for operating without coal power, as the world’s first industrial economy continues to wean itself off the high-emitting fossil fuel. National Grid confirmed yesterday that this week the UK went more than two days without generating any of its electricity from burning coal, beating the previous record of around 40 hours without coal set in October last year. No coal was used for power generation by stations in the UK between 10.25pm on Monday April 16 until 5.10am yesterday (Thursday April 19) – 54 hours and 50 minutes in total.
Business Green 20th April 2018 read more »
HSBC has become the latest financial institution to turn its back on financing high carbon energy projects after ruling out funds for new coal-fired power plants. The British bank will also stop providing financial services to any new offshore oil and gas projects in the Arctic as well as oil sands projects, which both face fierce criticism from environmental groups. HSBC set out its dramatic shift in energy policy ahead of its annual general meeting in London today, in a move that highlights the growing pressure on financial institutions to honour the global shift towards low carbon power mapped out by the Paris Climate Accord.
Telegraph 20th April 2018 read more »