Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

UK emissions fall as gas generation plummets, wind hits record

Published 28/03/2024, 13:20
Updated 28/03/2024, 13:20
© Reuters.  UK emissions fall as gas generation plummets, wind hits record

Proactive Investors - UK greenhouse emissions fell by 5.4% over the course of last year as less gas was used for electricity and heating and wind took a larger role in powering the country.

As per government figures, Britain emitted 384.2 million tonnes of carbon dioxide equivalent (MtCO2e) over the year, with the energy sector recording the largest drop.

Some 41.1 MtCO2e was released by the sector, which accounts for 11% of UK emissions, against 51.9 MtCO2e in 2022.

This was as gas power generation fell by 21.1%, while wind made up a record 28.7% of the UK’s energy needs for the year.

Overall, renewables outperformed fossil fuels for a third year, generating a record 47.3% of Britain’s electricity, compared to 41.5% in 2022.

“These official figures show that renewables have outstripped fossil fuels yet again and provided more of the UK’s annual electricity needs than ever before, with wind leading the way as our biggest source of clean power,” RenewableUK director Ana Musat said.

“With renewables, we can strengthen Britain’s energy security with the cheapest sources of new power available for billpayers.

“That’s why we’re urging ministers to work with us to increase the number of shovel-ready renewable energy projects which the government could bring forward through this year’s auction for contracts for difference auction.”

Read more on Proactive Investors UK

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.