The National Wealth Fund (NWF) has announced an investment in the development of Peak Cluster, a carbon capture project, marking NWF’s first carbon capture investment since the Chancellor highlighted it as a priority sector in which to deploy its additional £5.8bn capital.

Sky News is reporting that Octopus Energy is considering splitting off its Kraken Technologies arm in a $10bn demerger.

DESNZ has published a strategy for onshore wind that sets out over 40 actions to get onshore wind accelerating.

Existing levies and ideas of general tax, zonal pricing or income related bills have all been examined as options to allow investment in infrastructure and aid the transition.

Various outlets are reporting that the Xlinks renewable energy project to import solar and wind power from Morocco via cables has failed to win a £25bn contract needed from the Government.

The Climate Change Committee (CCC) has released its first assessment of the Government’s progress on reducing emissions. The independent, statutory body found that government policies to reduce emissions have improved since last year. With more action, the UK can hit its legally binding climate targets and improve energy security for households and businesses across the UK.

At COP26 in Glasgow, many of the world’s commercial banks made pledges to decarbonise their portfolios. All well and good, except that according to campaigners Urgewald and 23 NGO partners, since Glasgow the pledges are wasting away.

The UK Solar Roadmap has been published by DESNZ, detailing a strategy of solar deployment to support the government’s Clean Power Action Plan and deliver 45-47GW of solar by 2030.

A lack of professional vetting of carbon accountants amid a potential explosion in global reporting requirements has prompted the creation of an independent register to prevent greenwashing and maintain trust in a net-zero transition.

During an Energy Security and Net Zero Committee meeting, Jonathan Brearley, CEO of Ofgem, proposed that energy could be charged according to income.

The Sierra Club Foundation is leaving BlackRock/Aperio as an asset manager and moving funds to Nia Impact Capital and Xponance. This move follows over three years of active engagement with BlackRock by the Sierra Club Foundation, after sending the firm a letter in May 2022 placing it “on watch” for not meeting the expectations of the Foundation as a client.

The Welsh Government has published its Offshore Wind task and finish group action plan, setting out the priorities are for offshore in partnership with the Crown Estate, industry and social partners.