Tag: energy transition
UK Sets Ambitious 87% Emission Reduction Target by 2040
In a decisive pivot toward a greener future, the United Kingdom aims to slash its greenhouse gas emissions by 87% from 1990 levels by 2040—marking a critical milestone on its path to net zero by 2050.
BP Shifts Gears: More Oil, Less Renewables in Bold Strategy Overhaul
BP is dramatically altering its future by cutting renewable investments by over $5 billion annually while boosting oil and gas spending to $10 billion, in a move aimed at enhancing shareholder returns and stabilizing earnings amid volatile energy markets.
2024: A Record Year for Wind Power in Great Britain
Wind energy broke records in 2024, generating nearly 83 terawatt-hours (TWh) and driving a shift away from fossil fuels as the UK continues its clean energy transition.