Shadow Chancellor Rachel Reeves said the party’s plans would be funded through an extension of the windfall tax on oil and gas producers, bringing in £2.2 billion a year, along with £2.6 billion per year in additional borrowing. Labour hope the stripped back spending plan will blunt Conservative attacks over its economic policy. Prime Minister … Read more
The government has described the fossil gas power plants as “modern, highly flexible and climate-friendly” because they will be capable of conversion to use clean-burning hydrogen gas produced from renewable sources. The plants are projected to produce up to 10 gigawatts of electricity. Tenders for the projects will begin soon. German energy firm Uniper, which … Read more
Phil Nickinson / Digital Trends Today’s EVs may be stuffed to the gills with massive batteries, but Hyundai rolled into CES 2024 with a reminder: It hasn’t given up on hydrogen yet. In fact, it’s doubling down and finding solutions in odd places, like the toilet and recycling bin. As part of a plan to … Read more
Daniel Litvin is the founder of Critical Resource and a visiting senior fellow at the Grantham Research Institute at LSE. He is the author of “Empires of Profit: Commerce, Conquest and Corporate Responsibility.” He writes here in a personal capacity. The 2023 United Nations Climate Change Conference, COP28, has ended with what its host, the … Read more
