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National Infrastructure Commission: UK should rule out hydrogen for home heating
That is a key recommendation from the National Infrastructure Commission (NIC), which has today (18 October) presented its National Infrastructure Assessment to policymakers.
The Assessments are produced every five years. This edition places much focus on the transformation the nation’s energy systems will need to undergo to align with the nation’s 2050 net-zero goal and interim carbon budgets in an affordable manner.
At least £20bn and as much as £35bn will need to be spent each year between 2025 and 2050 on the energy transition, per the NIC’s estimates. These figures cover not only scaling up renewable and nuclear generation in line with Government targets but also building out electricity networks; decarbonising heating; scaling batteries and other sources of energy flexibility; developing hydrogen networks and infrastructure for carbon capture and storage (CCS).
https://www.edie.net/national-infrastructure-commission-uk-should-rule-out-hydrogen-for-home-heating/?utm_content=National%20Infrastructure%20Commission%3A%20UK%20should%20rule%20out%20hydrogen%20for%20home%20heating&utm_campaign=edie%20daily%20news%20alert&utm_medium=Email&utm_source=AdestraCampaign
Most European businesses still exclude Scope 3 emissions from net-zero plans
While two-thirds of businesses are prioritising the measurement and disclosure of their operational emissions, most are still not factoring Scope 3 (indirect) emissions reporting into their net-zero plans – largely due to a perceived lack of regulatory pressure.
https://www.edie.net/most-european-businesses-still-exclude-scope-3-emissions-from-net-zero-plans/?utm_content=Most%20European%20businesses%20still%20exclude%20Scope%203%20emissions%20from%20net-zero%20plans&utm_campaign=edie%20daily%20news%20alert&utm_medium=Email&utm_source=AdestraCampaign
COP28: Business and Philanthropy climate forum reveals global partnerships
More than 500 business leaders, policymakers and philanthropic leaders are expected to attend the Forum, which is being held in the hopes of expediting climate solutions.
The partner organisations include the Sustainable Markets Initiative (SMI), the International Finance Corporation (IFC), the Organisation for Economic Co-operation and Development – Network of Foundations Working for Development (OECD-NetFWD), World Economic Forum (WEF), the Asian Development Bank, Africa Finance Corporation, the Bill & Melinda Gates Foundation, and XPRIZE.
COP28 President Dr Sultan Al Jaber said: “Businesses and philanthropists must play leading roles in meeting net-zero pathways and delivering sustainable development, and through the Business and Philanthropy Climate Forum (BPCF) at COP28, they will have a platform to do so.
“The BPCF is a key part of our Presidency’s agenda to help deliver concrete outcomes from the private and philanthropic sectors. We are committed to hosting a fully inclusive COP, and it would be impossible to do this without the vital input of our business and philanthropy communities.”
UK Government pledges £200m to decarbonise freight industry
The UK Government has allocated an investment of £200m to bolster innovation and promote the adoption of zero-emission trucks, in a bid to facilitate the decarbonisation of freight vehicles and generate employment opportunities.
https://www.edie.net/uk-government-pledges-200m-to-decarbonise-freight-industry/?
Brussels finalising ‘wind power package’ to help beleaguered EU industry
The European Commission is planning to table a European Wind Power Package on Tuesday (24 October), aiming to strengthen the EU’s wind industry by solving the challenges it is facing, according to leaked drafts seen by edie content partner Euractiv.
https://www.edie.net/leak-brussels-finalising-wind-power-package-to-help-beleaguered-eu-industry/?utm_content=LEAK%3A%20Brussels%20finalising%20%E2%80%98wind%20power%20package%E2%80%99%20to%20help%20beleaguered%20EU%20industry&utm_campaign=edie%20daily%20news%20alert&utm_medium=Email&utm_source=AdestraCampaign