Climate change and the role of renewable energy

22.06.21

The International Energy Agency (IEA) said in a landmark special report released on 18 May 2021 on the Global Energy Sector, that the climate pledges made by governments around the world to date would fall well short of what is required to bring global energy-related carbon dioxide (CO2) emissions to net-zero by 2050 even if they were fully achieved. This means that these pledges are insufficient and would not give the world an even chance of limiting the global temperature rise to 1.5 °C. In order to reach net-zero emissions by 2050, in their report the IEA purported that global investment in renewable energy needs to be ramped up significantly; investments in energy should be more than double from $2tn (£1.42tn) a year to $5tn (£3.54tn). The result would be a net benefit to the global economy.

While electricity generation is the single biggest contributor to climate change – responsible for 25% of all greenhouse gas emissions and growing every day[i][1] – it is an even bigger part of the solution. With clean electricity, we will unlock a source of carbon-free energy to help power the sectors of the economy that produce the other 75% of greenhouse gas emissions.

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The Importance of Nature

28.05.21

The importance of reaching net-zero carbon emissions by 2050 has been and continues to be highlighted by many of the world’s governments and corporations in the past few years. The intrinsic need for nature-centric solutions to achieve this greener future has, however, been largely overlooked – until now. This week’s ‘net zero’ for nature announcement by the UK government and its proposed pathway to become a global leader in halting the destruction of biodiversity is a much-needed development to protect our planet. Climate action and the enhancement and protection of nature must go hand in hand, and we fully support the 2030 biodiversity targets as a critical milestone towards a low carbon future.

There is much to do. In the 2019 IPBES report on biodiversity, scientists reported that, on average, 25% of animal and plant species are threatened, meaning that 1 million species face extinction within the next few decades, unless serious action is taken to reduce the factors which drive the loss of biodiversity.[1]

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Low Carbon Investment Management announces the appointment of Brian Clarke as Non-Executive Director

18.05.21

Low Carbon has announced the appointment of Brian Clarke as Non-Executive Director to the board of Low Carbon Investment Management to help accelerate its investment in renewable energy infrastructure.

As a senior investment professional at several infrastructure investment firms, Mr. Clarke has worked with global institutional investors for more than 20 years, assisting them in analysing and investing in large-scale infrastructure projects. He has extensive knowledge of the important role limited partners play in expanding an investment platform’s capabilities through their investments. Similarly, he has built powerful investor relations programs that seek to ensure a true partnership between the investor and the investment manager, a key principle of Low Carbon. Working with Low Carbon’s senior fund management team, Mr. Clarke will play a key role in the business as it plans to direct large-scale investment into renewable energy projects including wind, solar, hydro and storage alongside leading global institutional investors.

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LongWing, VLC Renewables and GE announce commissioning for first phase of 500MW onshore wind farm

17.05.21

First 98MW of Ukraine wind farm commissioned – expected to be one of the largest onshore wind farms in Ukraine

Phase I equipped with 27 GE Renewable Energy 3.6 MW onshore wind turbines

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Trees and Climate Change

19.03.21

If we were to search for a positive to come out of the past year, it was the opportunity for society to take pause, and consider life beyond the pandemic. A new-found appreciation for clean air and green spaces has kick-started a wave of “build back better and greener” sentiments.

As a result of this shift, tomorrow marks the inaugural World Rewilding Day  – celebrating the return of nature and exploring solutions to conserve existing wild spaces so that birds, bees, bugs and small wildlife can be restored.

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