GLEG

UK Energy Market Summary to Friday 29th November 2024

UK Energy Market Summary to Friday 22nd November 2024

From 11th to 22nd November, Azerbaijan has hosted COP29 – the United Nations 29th annual global climate change conference. Here is a brief summary of the daily negotiations:

Day 1-2: November 11th-12th

The conference kicked off with the World Leaders Climate Action Summit, emphasising the urgency of more ambitious climate strategies. The discussions highlighted the need for enhanced climate adaptation, particularly in vulnerable regions like Africa. Major announcements included calls for investment in Africa’s green transition and enhanced support for early warning systems.

Photovoltaic Development Partners has submitted plans to the Planning Inspectorate for an 840MW solar facility in Oxfordshire, UK. Once completed, the Botley West project will become the largest solar farm in the country, with the capacity to power 330,000 homes—equivalent to supplying electricity for every household in the county.

In 2019, Oxfordshire County Council declared a climate emergency, and the region’s electricity grid remains one of the most carbon-intensive in the UK. This project is expected to significantly boost green energy production, create jobs, enhance biodiversity, and provide grazing areas currently used for intensive agriculture.

The UK has reached a significant milestone in green energy by becoming the first country to produce hydrogen on a large scale while capturing carbon emissions. The H2Boost project, led by the Biorenewables Development Centre at the University of York, aims to support the UK’s climate goals by providing a sustainable energy source.

Traditional hydrogen production often results in carbon dioxide emissions, creating environmental concerns. However, the H2Boost initiative utilises a process called ‘dark fermentation’ to convert processed organic waste into hydrogen. This method employs bacteria and algae to capture carbon emissions, creating a closed-loop system that reduces waste.

From 11th to 22nd November, Azerbaijan will host COP29 – the United Nations 29th annual global climate change conference.

This annual conference, known formally as the 29th Conference of the Parties, gathers government officials, business leaders, and civil society groups with a shared mission: to advance commitments under the Paris Climate Agreement. Central to this agreement is the goal of keeping global temperature rise well below 2°C, with an aspirational target of limiting warming to 1.5°C.