The month in energy: August 2024

We’ve cherry picked some of the key news stories coming from the world of net zero and energy from this past month.

Electric “superhighway” between Scotland and England receives approval

Regulators have approved a multi-billion-pound subsea cable project that will transfer large quantities of renewable electricity between Scotland and England.

Read the full story on the BBC

Clean energy reaches new milestones

According to BloombergNEF (BNEF), clean electricity has achieved major milestones. The BNEF reports, Power Transition Trends 2024 and the 2H 2024 Renewable Energy Investment Tracker, reveal that wind and solar made up nearly 91% of net new power capacity additions in 2023.

Read the story on ELN

SBTi unveils net-zero criteria for built environment

The Science Based Targets initiative (SBTi) has introduced a new framework for financial institutions and companies in the built environment sector, providing a roadmap for achieving emissions reductions in line with the 1.5°C climate target.

Full story on edie

IKEA set to test digital marketplace for used furniture

Ikea’s largest retail arm has launched a digital second-hand marketplace for consumers to purchase and get rid of preowned furniture.

Full story on edie

Cheers to green! Whisky goes hydrogen

The Scottish Government has allocated £3.1 million to support the development of a green hydrogen hub in Speyside, Moray, aimed at aiding the country’s energy transition.

Once fully operational, it will help reduce carbon dioxide emissions by approximately 190,000 tonnes annually, equating to a 35% reduction in the Scottish whisky sector’s 2018 baseline emissions.

Full story on ELN

Carbon insetting funds and free public transport: Was Euro 2024 sustainable?

UEFA has released its summary report for the Euro 2024 tournament, outlining the various sustainability measures implemented to promote environmental protection, social responsibility and good governance.

Full story on edie