Author: Stuart Mitchell

Britain on fast track to net zero with early access to £4 billion infrastructure investment

Stuart Mitchell

British renewable energy projects will be connected quicker thanks to new Ofgem rules granting early access to almost £4 billion of investment for crucial transmission equipment and services.  The regulator’s new Advanced Procurement Mechanism (APM) will unblock supply chains by allowing Britain’s electricity transmission owners (TOs) to buy essential equipment – such as switchgear, cables and steel – years in advance of when it is needed.  This streamlined process will ensure green-lit projects are ready to break ground as soon as planning approval is granted, allowing TOs to avoid delays,…

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SBTi launches draft Corporate Net-Zero Standard V2 for consultation

Stuart Mitchell

The Science Based Targets initiative (SBTi) recently published an initial draft of its revised Corporate Net-Zero Standard for public consultation. The draft standard sets out a science-based, innovative and pragmatic framework that enables more businesses worldwide to join the 3,000 with net-zero targets or which have committed to set them. It is informed by the latest climate science, regulation, and recognized standards and frameworks, as well as feedback from businesses about what they need to achieve the collective ambition of a net-zero future. Through public consultation, the SBTi is empowering…

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ICMM publishes new guidance to help mining and metals companies protect and restore biodiversity towards a nature positive future

Stuart Mitchell

ICMM has published new guidance that aims to help mining and metals companies achieve and maintain no net loss of biodiversity at their operations, and ultimately strive for net gain of biodiversity, as they work towards a nature-positive future.   According to the 2024 Living Planet Report, wildlife populations have seen a 73% average decline from 1970 through 2020, largely driven by climate change, deforestation, habitat loss, hunting, overfishing and other environmental impacts of food production. While the industry is dependent on the essential services provided by healthy ecosystems—such as…

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Amazon launches a carbon credit service, enabling access to high-quality credits for qualified companies

Stuart Mitchell

Available through the Sustainability Exchange, this service will offer science-based carbon credits to suppliers, business customers, and Climate Pledge signatories. Below is the post from their website that explains more, please visit their website here for more information.As we continue on our path to reach net-zero carbon emissions by 2040, we remain committed to reducing and eliminating emissions across our global business by implementing real, science-based operational changes—transitioning to carbon-free energy, increasing efficiency in our data centers, electrifying our delivery fleet, and decarbonizing our complex real estate portfolio, just to…

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RWE achieves strong earnings in 2024 and invests heavily in expanding its renewables portfolio

Stuart Mitchell

RWE can look back on a successful 2024 fiscal year. Group earnings exceeded expectations, with adjusted EBITDA of €5.7 billion and adjusted net income of €2.3 billion. The company continued to expand its portfolio, investing a total of €10 billion net in offshore and onshore wind farms, solar farms, battery storage systems and electrolysers. New plants with a total capacity of around 2 gigawatts (GW) were commissioned in 2024. The expansion is also reflected in the company’s electricity generation – at almost 50 terawatt hours, electricity production from renewables reached a new all-time high. During…

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