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Investment in clean energy likely to be double figure for fossil fuels in 2024, IEA says

The Guardian: Energy

Low-carbon electricity investment driven by solar projects but oil and gas spending still too high to meet climate goals Global investment in low-carbon electricity will rise to 10 times as much as fossil fuel power this year due to an increase in spending on solar projects, according to the International Energy Agency.

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Renewables overtake fossil fuels in 2020 as Britain's power grid enjoys 'greenest year' yet

Business Green

But Imperial College London analysis warns emerging technologies and negative emission power plants are likely to be needed to unlock full decarbonisation of the grid. Nuclear power, meanwhile, provided 17.5 per cent of Britain's power last year, while imports accounted for just under seven per cent.

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Hunterston B nuclear power station poised for shutdown,sparking fresh questions over UK's new nuclear plans

Business Green

Closure of EDF's Ayrshire plant, which has operated on west coast of Scotland since 1976, leaves UK with just seven operational nuclear stations. The 1.2GW capacity power station first began operating in 1976, and although it was originally expected to operate for 25 years, EDF was able to extend the plant's lifespan a number of times. "It

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Britain's power grid celebrates greenest day and month on record in 2022

Business Green

The flurry of records came during a hugely challenging year for UK energy firms and customers, with the lingering impacts of the pandemic further exacerbated by Russia's war in Ukraine prompting energy costs - driven by the increasingly expensive, risky, global fossil fuel market - skyrocket over the past 18 months.

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How green energy offers five times more secure, skilled UK jobs than fossil fuels

Business Green

A new report by the think tank maps out the green energy jobs potential across England and Wales, estimating that low carbon power sources such as renewables and nuclear could create three times more secure, skilled jobs than gas power, while the wind and solar sectors hold potential to deliver five times more employment than fossil fuel plants.

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National Grid powers up 149-mile green power cable under English Channel

Business Green

National Grid views subsea interconnector power cables as crucial to delivering a net zero energy system, as they allow the UK to trade clean electricity with neighbouring countries by exporting power during periods of excess generation, and vice versa.

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'A crucial step': Government unveils funding plan for new nuclear plants

Business Green

UK consumers are set to pay up-front for the construction of a fresh fleet of large-scale nuclear power plants through their energy bills under a new financing model unveiled by the government today, which looks set to provide a key building block of its plans to deliver a net zero energy system.