EU 90% emissions cut for 2040 welcomed amid backsliding concerns

Businesses lack faith in industry-wide ESG commitments and European Commission launches industrial alliance for SMRs

Forward this email  |  View in browser PowerTechnology In Brief February 09, 2024 SPOTLIGHT READ EU 90% emissions cut for 2040 welcomed amid backsliding concerns Climate campaigners and businesses alike have welcomed the European Commission's recommendation for 2040, but a right-wing majority in the next EU parliament could prevent it from ever becoming law. Got a minute to spare? Take part in our research by answering our poll: Answer our poll question LATEST NEWS Businesses lack faith in industry-wide ESG commitments – GlobalData survey Over half of businesses surveyed believe that, for most companies, focusing on ESG is just a marketing exercise.   European Commission launches industrial alliance for SMRs The EU wants the technology to enter commercial operation in the early 2030s.   Dogger Bank A completion could be delayed until 2025 The news is the latest in a slew of recent issues the UK offshore wind sector has faced.   Yemen's Houthis attacked two US and UK ships in Red Sea on Tuesday Yemen's Houthis fired six anti-ship ballistic missiles at two vessels travelling through the Red Sea and the Gulf of Aden.   UK Labour Party slashes £28bn-a-year green investment pledge to £4.7bn Labour has slashed its proposed annual spend on green projects from £28bn ($35.34bn) annually to just £4.7bn.   Avangrid launches pilot robotic inspections for substations in US The robot will conduct visual and thermal inspections at Avangrid's two substations in Connecticut.   RWE and PPC JV takes FID to build 450MW solar farm in Greece The solar project is part of the Amynteo portfolio, which will have a total capacity of 1GW. Read more news INDEPTH READ Renewable technologies continue to account for a significant share of the global energy mix   The push for a transition to cleaner energy, driven by strong policies and financial support, will heavily impact the future of renewables, allowing them to take almost 50% of the power mix by 2035. From a regional perspective, Europe and North America will continue to have an accelerated shift into clean technologies, whereas progress is slower in Asia-Pacific and specially Middle East where thermal technologies will still be their main power source. Buy report MORE FOR YOU Explore our marketing solutions   Merging industry-leading business intelligence & award-winning journalism, this is an unrivalled opportunity for engagement with B2B professionals across a network of 40+ leading media websites.    Request a demo PARTNER CONTENT Continental Controls Corporation to Attend 34th Annual WTUI Conference Continental Controls Corporation will be attending the 34th Annual WTUI conference, which will be held in Palm Springs, California, March 24th-27th 2024. Future Power Technology Digital Magazine   Issue 160 | February 2024   In this issue: Public transport electrification, the greenwashing trap, EV supply chains and the Red Sea crisis and more. Read the magazine Click below to view more from across the network: Power Technology   |   Offshore Technology   |   Energy Monitor   Was this email forwarded to you? Sign up here.   Please send any news or comments to: energy.editorial@verdict.co.uk   GlobalData   At GlobalData we have a proven track record in helping thousands of companies, government organizations, and industry professionals benefit from faster, more informed decisions. You can update your communication preferences to make sure you receive the right information for you.    GlobalData, John Carpenter House | Registered in England No. 03925319, John Carpenter Street, London, EC4Y 0AN, United Kingdom London  Unsubscribe  |   Manage Preferences