News
Latest Redmile and Industry Updates
World shift to clean energy is unstoppable
October 2023
The International Energy Agency, the global energy watchdog, predicted renewables would provide half of the world's electricity by 2030. But it warned that emissions were still too high to prevent temperatures rising above a key threshold of 1.5C.
The Paris-based energy agency's report, released on Tuesday, was not all doom and gloom. It praised the significant progress countries had made in expanding renewable energy and supporting consumers with the shift to electric vehicles and heat pumps instead of gas boilers.
The report said the growth in clean energy and technologies was "impressive". In 2020, one in 25 cars sold was electric. Just three years later this number has risen to one in five. "The transition to clean energy is happening worldwide and it's unstoppable.
"It's not a question of 'if', it's just a matter of 'how soon' - and the sooner the better for all of us," said International Energy Agency (IEA) Executive Director Fatih Birol.
Source: https://www.bbc.co.uk/news/science-environment-67198206
No VAT for Battery Storage
Zero VAT for Battery Storage
SEG tariffs under review
With power prices in Britain remaining high, Octopus Energy recently increased its smart export guarantee (SEG) tariff to 7.5p/kWh, topping the tariffs on offer.
Cut to VAT on residential solar in Spring Statement
VAT on residential solar panels has been cut to zero in the Spring Statement unveiled by Chancellor Rishi Sunak.
Turning point for planet-friendly energy
The world will likely use fewer fossil fuels to produce electricity this year in a “turning point” for planet-friendly energy, a new report says.
