The European Parliament has approved measures to temporarily withhold the auction of 900 million CO2 allowances in an effort to drive up the price of carbon.
A new report has revealed the industrial sector is overspending on energy by over £2.2 billion per year.
The Government today revealed plans to drive economic recovery by investing in energy infrastructure, especially in renewable energy such as offshore wind.
Soaring energy bills and growing environmental concerns have seen increased investment in onsite renewable energy projects developed by manufacturers.
Businesses are stepping up their campaign for urgent Government intervention to protect industry from gas shortages.
Over the next decade, unless something is done very quickly to speed up construction of energy generation infrastructure, there is a real possibility that energy may need to be rationed.
French multinational conglomerate Alstom signed a Memorandum of Understanding with Tidal Lagoon Power to work on a “a series of tidal lagoons”.
The Government has provided energy-intensive companies with guidance to claim compensation to offset the cost of energy policy in their electricity bills.
The UK is the world’s number one exporter of power generators, outperforming the US and China, according to the Association of Manufacturers of Power Generating Systems (AMPS).
Energy-intensive manufacturers are calling for urgent Government intervention to protect industry from gas shortages.
