Energy News – 21/01/2017
The week of Donald Trump’s inauguration has seen shaky energy markets, a landmark Brexit speech by Theresa M...Read More
G7 summit leaders have established to continue tackling energy system vulnerabilities and are poised for a historic call to phase out fossil fuels.
The recent summit saw leaders vie to target a zero-carbon economy, seeing the group of G7 nations throw their weight behind a long-term goal of decarbonising the global economy over the course of this century.
The declaration backs the long-term goal of reducing global greenhouse gases at the upper end of 40–70% below 2010 levels and by 2050 and decarbonising completely over the course of this century.
Whether this can be completed is debatable, a recent Oxfam report finds that coal-fired power plants in the G7 countries are responsible for more than twice the total emissions of the 54 countries of Africa and ten times more than the 48 leas developed countries of the world.
German Chancellor, Angela Merkel said the leading industrialised countries were committed to raising $100 billion in annual climate financing by 2020 from public and private sources.
Whilst the European Climate Foundation described the G7 leaders’ announcement as historic, stating it beckoned the “end of the fossil fuel age”.
The leaders also reaffirmed their commitment to principles for energy specific actions under the 2014 Rome G7 Energy Initiative. Key elements include continuing work on assessment of energy system vulnerabilities, which will focus on electrical systems, including cross-border flows, supply disruptions, demand response and infrastructure. As well as furthering diversification through the energy mix, fuels, sources and routes specifically through working on strengthening the resilience and flexibility of gas markets, both pipeline gas and liquefied natural gas.
The Summit states, “In strengthening the cooperation in the energy efficiency field, the summit will work together and with other countries to raise the overall coordination and transparency of clean energy research, development and demonstration, highlighting the importance of renewable energy and other low carbon technologies.”
As we have previously noted, the nature of energy in Europe is rapidly changing as renewables generation rises and coal generation diminishes. Better deals are out there for small to medium sized businesses, although most lack the time to trawl through scores of quotes.
Excellent, efficient service
"Mark at Switch My Business has always been extremely helpful and efficient in finding us the best until the deals and handing the transition between old and new companies. Would recommend 100%."This review was posted by Karl Hopkins on the 24th of January 2017
"Aaron Gallagher provided me with a very good service. Simple switch made easy. Thank You"This review was posted by Giani on the 24th of January 2017
"It was an absolute pleasure dealing with Mark. He was courteous, very customer focused. Mark was able to answer all my questions and was very informed. I would have no hesitation recommending your company. Having been a manager in global blue chip organisation I would not hesitate in employing Mark. A definite asset to any team. Cheerful, polite and a lovely disposition."This review was posted by Caroline Dyke on the 24th of January 2017
Very helpful and friendly
"Very helpful and friendly - explained it clearly and made the process quick and easy"This review was posted by Anne O'Hara on the 24th of January 2017
"Mark was a pleasure to deal with and worked hard to provide the best rates and explain what options were available to us without making us feel under pressure."This review was posted by LORRAINE LAWRENCE on the 24th of January 2017