Space Industry and Business News  
ENERGY NEWS
UK's Johnson outlines 30,000 green jobs boost
by AFP Staff Writers
London (AFP) Oct 18, 2021

Spanish renewable energy giant Iberdrola has committed to invest 6 billion pounds ($8.2 billion, 7.1 billion euros) to create Britain's biggest offshore wind development, Prime Minister Boris Johnson and the company said on Monday.

Johnson said the project off the east coast of England, involving Iberdrola subsidiary Scottish Power, would supply enough energy to power 2.7 million homes, and create 7,000 jobs.

The project still requires planning consent. It is one of 18 deals worth a total of 9.7 billion pounds and creating a potential 30,000-plus jobs to be formally announced at a UK Global Investment Summit to support green growth on Tuesday.

Iberdrola chairman Ignacio Galan said the investment would be a "significant step to achieving enough offshore wind to power every UK home by 2030".

Johnson, who has outlined plans for Britain to reach net-zero carbon emissions by 2050, is keen to burnish his green credentials as he prepares to host world leaders at a crunch UN climate change summit in Glasgow next month.

The COP26 conference is being seen as a last chance to nail down tougher emissions targets to prevent runaway global warming.

The British leader also sees green investment as key to growing the country's economy after the coronavirus pandemic and Brexit.

"The fantastic 9.7 billion pounds of new investment we have secured today will power our economic recovery, creating thousands of jobs and helping to level up across the country," he said.

According to Downing Street, other deals to be announced include the development of net-zero warehouses supporting some 14,000 jobs in a 1.5-billion pounds scheme by US investment group Prologis.

Its chief executive Hamid Moghadam said private-sector innovation had "a major role in overcoming the environmental challenges the world faces today".

Other deals include Turkish company Getir expanding its "sustainable" grocery delivery service across Britain, creating 7,000 permanent jobs next year.

Turkish-owned Eren Paper will produce cardboard from paper waste in Wales, while 100 million pounds will be pumped into hydrogen generation to fuel production at the Budweiser Brewing Group, as well as its lorries and forklift trucks.

Some 200 global business leaders are expected to attend the summit, including Microsoft founder-turned-philanthropist Bill Gates, and JPMorgan Chase chief executive Jamie Dimon.

Johnson's government will announce its net-zero strategy this week, his office said, focusing on measures to develop a home-grown clean energy sector.

The prime minister wants Britain to shift all of its energy production to renewable sources, including offshore wind, by 2035.

Spanish renewable energy giant Iberdrola has committed to invest 6 billion pounds ($8.2 billion, 7.1 billion euros) to create Britain's biggest offshore wind development, Prime Minister Boris Johnson and the company said on Monday.

Johnson said the project off the east coast of England, involving Iberdrola subsidiary Scottish Power, would supply enough energy to power 2.7 million homes, and create 7,000 jobs.

The project still requires planning consent. It is one of 18 deals worth a total of 9.7 billion pounds and creating a potential 30,000-plus jobs to be formally announced at a UK Global Investment Summit to support green growth on Tuesday.

Iberdrola chairman Ignacio Galan said the investment would be a "significant step to achieving enough offshore wind to power every UK home by 2030".

Johnson, who has outlined plans for Britain to reach net-zero carbon emissions by 2050, is keen to burnish his green credentials as he prepares to host world leaders at a crunch UN climate change summit in Glasgow next month.

The COP26 conference is being seen as a last chance to nail down tougher emissions targets to prevent runaway global warming.

The British leader also sees green investment as key to growing the country's economy after the coronavirus pandemic and Brexit.

"The fantastic 9.7 billion pounds of new investment we have secured today will power our economic recovery, creating thousands of jobs and helping to level up across the country," he said.

According to Downing Street, other deals to be announced include the development of net-zero warehouses supporting some 14,000 jobs in a 1.5-billion pounds scheme by US investment group Prologis.

Its chief executive Hamid Moghadam said private-sector innovation had "a major role in overcoming the environmental challenges the world faces today".

Other deals include Turkish company Getir expanding its "sustainable" grocery delivery service across Britain, creating 7,000 permanent jobs next year.

Turkish-owned Eren Paper will produce cardboard from paper waste in Wales, while 100 million pounds will be pumped into hydrogen generation to fuel production at the Budweiser Brewing Group, as well as its lorries and forklift trucks.

Some 200 global business leaders are expected to attend the summit, including Microsoft founder-turned-philanthropist Bill Gates, and JPMorgan Chase chief executive Jamie Dimon.

Johnson's government will announce its net-zero strategy this week, his office said, focusing on measures to develop a home-grown clean energy sector.

The prime minister wants Britain to shift all of its energy production to renewable sources, including offshore wind, by 2035.


Related Links



Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


ENERGY NEWS
Hard choices loom for finance chiefs and their climate pledges
Washington (AFP) Oct 15, 2021
In speeches and communiques from top finance officials at the annual meetings of the IMF and World Bank this week, one word was ubiquitous: climate. Leaders of the institutions and government ministers pledged action to meet the global climate goals of keeping warning below 1.5 degrees Celsius and reaching net zero emissions by 2050, with an eye towards next month's COP26 climate change summit. "I'm afraid it is time to roll up our sleeves and detail our plan of actions," Britain's Prince Charl ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

ENERGY NEWS
Concrete: the world's 3rd largest CO2 emitter

In-Orbit cloud computing and storage platform successfully demonstrated

Simulating space on Earth: NASA receives hardware for testing satellite servicing tech

One in three young kids uses social media, use of parental controls spotty

ENERGY NEWS
Space Systems Command awards $46.5 million contract for meshONE-Terrestrial

Cesiumastro deploys active phased array experimental satellites

US Space Force to take over SATCOM operations from Army, Navy

Notre Dame to lead $25 million SpectrumX project; first NSF Spectrum Innovation Initiative Center

ENERGY NEWS
ENERGY NEWS
Thales Alenia Space to build prototype EGNOS ground station for ESA

Galileo ground control segment ready for full operational capability

France lops metre off Mont Blanc's official height

Enhanced BeiDou short message service displayed at int'l summit

ENERGY NEWS
Flying green will be more expensive

Fly more, pollute less -- the great aviation conundrum

Erdogan says talks under way with US to buy F-16s

Student experiments float over New Mexico

ENERGY NEWS
Micron plans $150 bn push on domestic chip manufacturing, research

Towards ultra-low-energy exciton electronics

Connecting the dots between material properties and qubit performance

New ergonomic photodetector for the trillion-sensor era

ENERGY NEWS
The climate project that changed how we understand extreme weather

Europe reels from powerful 'Aurore' storm

NASA Turns to the Cloud for Help With Next-Generation Earth Missions

First Copernicus satellite exceeds design working life

ENERGY NEWS
Into the 'plastisphere': Scientists comb Japan waters to study new eco threat

Environment watchdogs condemn arrest of Ugandan activists

3M to pay $99 mn to settle dispute over harmful chemicals

Lausanne tackles toxic soil after shock discovery









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.