The drive for more environmentally friendly worldwide energy policies hit a major bump in the road last month when the USA announced plans to pull out of the Paris climate accord.
The agreement was drawn up within the United Nations Framework Convention on Climate Change (UNFCCC). It is due to kick off in the year 2020, responding to the growing climate threat with greenhouse gas emissions mitigation, adaptation and finance. In short, it has become a key building block in the global fight against climate change.
Prospects of Britain facing blackouts are “scare stories” which need to stop. That’s according to Steve Holliday, the former boss of National Grid, who believes the nation has enough electricity capacity to meet demand even during peak times.
His comments come as the latest round of capacity auction for power generation begins.
On December 1, UK government electricity and gas regulator Ofgem announced that they would be cutting £20m from the funding available to energy companies in the UK to create and distribute innovations across their networks. The funding pool available to companies for innovation advancements will now be £70m, rather than the previous £90m available.
Ofgem has made the announcement based on an independently commissioned review into the Low Carbon Networks Fund (LCNF). In it, the LCNF found that Distribution Network Operators (DNOs) of the National Grid have made a myriad of important innovations using recent annual rounds of funding, but that there is room for improvement in regards to cost-effectiveness.
Imagine the scenario. The country is shrouded in darkness. Power and utility systems have systems have failed. Unrest is breaking out as public services fail…
This nightmare situation could be possible if hackers shut down the UK electricity network, and as a result, concerns about attacks on critical infrastructure are currently a major worry for governments and security experts across the world.