As part of the 2024 edition of Hogan Lovells’ annual ESG Gamechangers event, a good-natured yet fiery debate was held. This debate brought together experts from the fields of sustainability, economics and politics to argue either side of one question: ‘Does the free market have climate action in shackles?’

In the debate hosted by British legal firm Hogan Lovells, six speakers argued for and against the motion: “Does the free market have climate action in shackles?” The debate highlighted the complex relationship between free market economics and climate change mitigation efforts.

The case for free markets

First to speak on the side arguing for the free market was Richard Barker. Richard is a Partner at Counteract, a specialist venture capital group, focused on early stage investment into companies developing solutions to carbon removals.

Read more by following the link –sustainabilitymag.com/articles/does-the-free-market-have-climate-action-in-shackles?

How the new UK Government is evolving the energy market

We outline the energy market reforms that have been introduced by the new UK Government in their first few months in office.

The UK Government have been swift to introduce new energy market reforms since their election win in July 2024. Over the next five years, they plan to accelerate decarbonisation of the UK grid, alongside introducing new reforms to help reduce energy bills and ensure fairness for all.

Let’s explore the key changes that the Government have already introduced in their first three months in office:

Great British Energy

In September, the Government begun the legislative process that will create Great British Energy – a state-owned power business, headquartered in Aberdeen.

Chaired by Juergen Maier, Great British Energy will own, manage and operate clean power projects. It will be a company that will generate energy in its own right, working in partnership with the private sector. Great British Energy will also work closely with industry, local authorities, communities and other public sector organisations to help accelerate Britain’s pathway to energy independence.

Mission Control Read more    –  centricabusinesssolutions.com

How to calculate the financial impact of new energy technologies

How can investing in new energy technologies financially impact your business?

If you’re considering investing in a new energy technology, you need to know whether the financial business case makes sense for your organisation. Our survey of 500 businesses across Europe found that ineffective financial assessment frameworks are the number one factor delaying onsite energy generation.

To help you understand the financial impact of new energy technologies, we’ve outlined how investing in Solar PV, Heat Pumps and Combined Heat and Power (CHP) could impact on your energy costs, vs. alternative options. We’ve also outlined some of the key financial considerations you should have in mind when making new energy investments.

Read more – centricabusinesssolutions.com/knowledge-centre/reports-and-whitepapers

Heat Pumps enable organisations to reduce their carbon emissions, but how do you choose between the different options? We lay out some of the basics.

As a low-or-zero carbon solution, Heat pumps can provide heating from 40°C up to 165°C and do not emit any direct emissions, significantly reducing or replacing an organisation’s need to burn fossil fuels on-site. In fact, when compared to a natural gas-burning boiler, a Heat Pump can reduce your overall Green House Gas (GHG) emissions by as much as 66%, compared to a gas boiler.

But there are a range of different Heat Pump options out there, so which one is right for your organisation? Let’s explore the basics of each option and some of the things to consider when looking to implement on-site, sustainable heat generation.

1. Air-source heat pumps Follow the link to learn more –centricabusinesssolutions.com/blogpost/how-choose-right-heat-pump-your-business?

138-tonne carbon reduction with rooftop solar system

The Brewery Quarter in Cheltenham has installed an extensive 509-panel rooftop solar+storage system across five buildings, marking a significant step toward its net zero goals.

The system, expected to generate up to 200,000 kWh of clean energy annually, will offset approximately 138 tonnes of carbon emissions—equivalent to taking 30 cars off the road for a year.

A model for sustainable development

Located on Cheltenham High Street, The Brewery Quarter is a bustling retail and leisure hub with outlets, restaurants, bars, and facilities like a 14-screen cinema.

The solar system will power shared areas, including heating, lighting, and air conditioning, delivering estimated savings of £50,000 per year.

The project, funded by NFU Mutual and delivered through Martin Commercial Properties in partnership with Your Eco, uses SolarEdge technology to maximise efficiency and ensure safety.

This includes power optimisers that mitigate the impact of soiling or shading and embedded safety features to reduce voltages to touch-safe levels. The system also includes 15 batteries to store excess energy, enabling round-the-clock usage

Follow the link to learn more –   renewableenergyinstaller.co.uk