
06 June 2006
There is something in the air apart from the growth in CO2.
Last week David Attenborough came on television to tell the nation that climate change is something which we can no longer ignore. The significance of this is that this is the first time that the broadcaster has promoted a cause. He put forward a case that in order to stop climate change we have each and every one of us take small steps. He used R. Socolow's stabilazation wedges as the main form of scientific research. Socolow highlights particular areas for CO2 reduction:-
- Energy Conservation
- Renewable Energy
- Nuclear Energy
- Enhanced Natural Sinks
- Fossil-Carbon Management
The Met office has released the first phase of its survey into the effects of climate change on the electricity industry. Warmer summers, and milder winters would show a flattening of load (we see this in America where the peak is in the summer due to the air conditioning load). There is also the rather more scary effects of rising sea levels, which would drastically effect new nuclear build, with many having to be relocated in land.
Finally, a number of companies have got together (Shell, Tesco, Standard Life, and others) to have a delegation with the Prime Minster to incist on harder more stringent CO2 targets. Many of the companies are not directly involved in the EU ETS and so are looking to be involved but also to be the leaders in building and creating new technology.
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New energy research centre planned
 
15 September 2006
The UK Government has published details of its planned £1bn energy research institute. With a mix of private and public funding, the Energy Technolgies Institute aims to pool expertise across the sector.  
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Powerisk's Chancellor answers
 
23 March 2006
The Chancellor decides to take profiits from his British Energy stake, and this perhaps is one of the best signs that the market has higher to go, if we look at his trading performance with gold. Potentially the 800m bail out to BE will be rewarded with a £2-£6bn return. Good trading which ever way you look at it!  
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Chancellor for the day.........
 
22 March 2006
The market has ticked down a little with a sell of in April due to a relaxation in the supposed gas fears and the market has fallen on the back of this. Winter 06 still looks high and perhaps some of the shorts might come and sell at these levels, but there are not many shorts in the market, willing to take the risk.  
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Our Energy Challenge
 
24 January 2006
Perhaps it is about time that the government tested whether the public would embrace Nuclear as a fuel source for energy. Truth is I think that the answer will be a resounding yes....... another box ticked.  
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We're borrowing less than expected....
 
20 August 2010
As the government prepares its spending review it will no doubt welcome the latest figures that show net borrowing for July at £3.8bn. While still sizeable, this is £1.2bn less than forecast and well down on the £6.1bn that was borrowed in the same month last year.  
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Energy Secretary gives the first annual energy statement to the Commons
 
28 July 2010
Chris Huhne, the coalition government Energy Secretary yesterday gave the first annual energy statement to the Commons. He set out plans to secure energy supplies and cut carbon emissions. In all 32 measures were outlined all with the aim of helping the UK achieve the legally binding target to cut emission by 80% by 2050.  
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2nd Quarter Growth at 1.1%; What Role For Energy
 
23 July 2010
Preliminary figures from the Office for National Statistics (ONS) suggests the UK economy grew by 1.1% in the second quarter, up from the previous quarter's 0.3%. While the figures are preliminary (and based on around 40% of the ultimate data), what they do show is that construction, a relatively small part of the economy, contributed significantly to this growth figure. With 6 out of 10 civil engineering firms looking to the energy and water sectors for their income streams, it seems energy has a role to play in underpinning the recovery.  
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A week of Positives
 
09 July 2010
This was a week for good news in the Financial markets; the IMF upgraded its forecasts for world economic growth and there was increasing confidence that European banks would pass their stress tests. Borrowers were pleased, though not surprised that UK interest rates remained unchanged. Overall world stock markets recorded gains across the week.  
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Energy Secretary gives the first annual energy statement to the Commons
 
28 July 2010
Chris Huhne, the coalition government Energy Secretary yesterday gave the first annual energy statement to the Commons. He set out plans to secure energy supplies and cut carbon emissions. In all 32 measures were outlined all with the aim of helping the UK achieve the legally binding target to cut emission by 80% by 2050.  
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Capacity Payments Discussed as a Tool to encourage Investment
 
30 June 2010
In a week when the engineering industry, in its State of the Nation report, said that the Energy Industry gave the most cause for concern in light of security of supply, Energy Minister Charles Hendry spoke of 'Capacity Payments' as a tool to incentivise plant development.  
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Investing in the Future
 
11 June 2010
The Wave and Tidal energy sector gets nervous ahead of the E-budget, concerned that funds will suffer as part of anticipated public spending cuts. Should this sector suffer?  
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Queens Speech: Energy Bill Outlined
 
25 May 2010
The state opening of Parliament is history personified, wrapped in lashings and lashings of ceremony, pageantry and tradition dating back centuries. But for all its spectacle, there is the serious business of the Queen's speech (actually the Government's) which this year included details of this coalition government's Energy Bill.  
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Green Investment Bank still a Concept
 
16 July 2010
Leading figures from across industry warned that the need for new tools to finance future investment in infrastructure are necessary to secure Britain's growth as a low carbon economy. While the coalitions Green Investment Bank (GIB) is supported, it is important to recognise that it is still at present only a concept.  
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Queens Speech: Energy Bill Outlined
 
25 May 2010
The state opening of Parliament is history personified, wrapped in lashings and lashings of ceremony, pageantry and tradition dating back centuries. But for all its spectacle, there is the serious business of the Queen's speech (actually the Government's) which this year included details of this coalition government's Energy Bill.  
read more...
Government announces Green Investment Bank
 
24 March 2010
in the last budget before a general election, the Government unveiled plans to set up a Green Investment Bank that will control £2bn worth of equity. Initial focus will be investments in green transport and sustainable energy.  
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Nothing's Joined Up
 
01 March 2010
Sometimes you get so caught up in the detail that it is only when you step back that you realise that nothing appears to be joined up. With such mixed signals it is surprising that anything is achieved at all. In this instance we are talking about the UK's Climate policy!  
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