Scottish energy firm SSE has written to the prime minister with a “greenprint” to rebuild the UK economy in the wake of the Covid-19 pandemic. It said yesterday it wanted Boris Johnson to “green light” billions of pounds of private investment in low carbon infrastructure. Similar letters have gone to the Treasury and Department for Business, Energy, Innovation and Skills.
Energy Voice 27th May 2020 read more »
SCOTTISH energy giant SSE has said the UK Government should greenlight billions of pounds of private investment in low-carbon infrastructure to help the economy rebound from the coronavirus. The Perth-headquartered firm says committing to a net-zero power sector by 2040 will help stimulate a cleaner, more resilient recovery and get the UK on track to meet its climate action commitments. SSE says targeting 75GW of offshore wind projects, five carbon capture and storage schemes, plus hydrogen power clusters and giving the go-ahead on plans to regenerate the electricity motorways to transport clean power to more homes and businesses will help support a return to growth.
The National 26th May 2020 read more »
Climate change impact could surpass economic fallout from coronavirus – SSE. The economic impact from a failure to deal with climate change could be even greater than the financial fallout from coronavirus, according to the boss of Scottish energy giant SSE. Alistair Phillips-Davies, chief executive of the Perth-headquartered group, issued the warning as he called on the UK government to green light billions of pounds of private investment in low carbon infrastructure to help the economy rebound from Covid-19. He argued that committing to a net zero power sector by 2040 would help stimulate a more resilient recovery and get the UK on track to meet its climate action commitments. SSE has written to the Prime Minister and government officials outlining its five point “greenprint” to rebuild the economy in the wake of the pandemic.
Scotsman 26th May 2020 read more »
Global energy spending to fall $400bn due to coronavirus crisis. The coronavirus pandemic will slash energy sector investment by about $400bn this year — the biggest ever annual fall — with the International Energy Agency warning that the world could grow more dependent on cheaper, dirtier fuels that undermine global climate goals. Spending is due to plunge in every major sector, from oil, gas and coal to renewables, the Paris-based body said in a report published on Wednesday that takes into account project data and announcements from governments and companies. At the start of 2020, global energy investment was set to grow 2 per cent, marking the largest annual rise in six years. But with governments around the world forced to lock down their economies and halt travel to slow the pandemic, spending will fall 20 per cent compared with 2019 levels.
FT 27th May 2020 read more »
Guardian 27th May 2020 read more »
Business Green 27th May 2020 read more »