George Griffiths

The latest edition of our LinkedIn newsletter is now live! 💡 This week you've been talking about: - Carbon removals: the 'net' in net zero - UK North Sea on the brink: why fiscal reform can't wait - Grey area: can steel really go green? - What’s driving the upstream revival in Southeast Asia? Get the latest insights and analysis below.

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Companies which took part in The Scottish Government’s first ever business delegation at COP28 say they expect to generate an estimated £66.74 million in net zero export sales over the next three years according to a new report published today. A total of 19 net zero focussed Scottish companies attended the programme of business activities at the global climate summit in Dubai last year, facilitated by the Scottish Chambers of Commerce and supported by the First Minister Humza Yousaf and the Cabinet Secretary for Wellbeing Economy & Net Zero Màiri McAllan MSP. Of these companies, 14 reported forecast export sales of £66.74 million over three years, with three already reporting business won due to their participation. 94% of the delegation also stated they found the programme valuable, with 545 new contacts made. Net Zero Secretary Màiri McAllan said: “I welcome the findings that the Scottish Government’s first ever business delegation at COP28 say they expect to generate over £66 million in net zero export sales over the next three years. “They helped to showcase Scotland’s net zero ambitions on a global stage, in renewable energy and other key areas of interest, and demonstrated that Scotland is best placed to attract vital investment into our net zero industries, particularly in the North East. “Our attendance at COP28 not only enabled us to share our progress towards a just transition to net-zero which protects jobs, and help lead the way in meaningful dialogue on global climate action, but also allowed us to advance international relations with countries who share our interests and ambitions.“ Read more ➡️ https://buff.ly/3UjvBz7 The Scottish Chambers of Commerce Network is here to support your business - reach out to share your views, concerns and opportunities. #SCCnews #businesssupport #businessnetwork #businessvoice #businessleader Sign up for the Scottish Chambers of Commerce enewsletter at https://buff.ly/3CpsQnu

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Finally. Some $$$ regulation on emissions. #Climate #biodiversity #actintime #naturetech #nbs #biodiversitycredits #gbf #sustainability #climateactivism #lateristoolate #climatejustice #fairtrade #esg #environment #sustainability #sdg #savimbo #solarpunk #Indigenous

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Delighted to publish the Scottish Renewables 2024 General Election Manifesto today. Our priorities across investment, infrastructure and innovation offer tangible steps the next UK Government can take to unlock the enormous potential for sustainable economic growth from Scotland’s renewable energy industry. Key priorities include: 🔋 Modernise the Contracts for Difference scheme to enable the stable deployment of Scotland’s renewable energy pipeline. 🏗️ Prioritise the delivery of strategic infrastructure for net-zero, including upgrades to our ports and new transmission infrastructure. 📈 Adopt an evolutionary, not revolutionary, approach to market reform to provide the policy certainty needed to incentivise investment. ✅ Deliver clearer coordination for net-zero delivery across the UK to scale-up supply chains, skills and green growth. Scottish Renewables have today also released fresh polling revealing most people in the North East of Scotland — the energy capital of Europe — believe renewable energy is the most important sector for their economic future. Big thanks to the team for their support in pulling together these recommendations. 🔗 https://lnkd.in/e36PKkqD

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Innovating the Maritime industry: Funded by Innovate UK, young climate tech startup Seabound plans to help the maritime industry reduce its carbon footprint by capturing emissions at source. 🌊 Shipping is responsible for around 3% of all greenhouse gas emissions internationally and 5% in the UK.🚨 Seabound’s carbon capture technology can be used on new vessels or retrofitted onto existing ships to trap up to 95% of the emitted carbon dioxide (CO2). The system sits alongside a ship’s funnel, diverting the exhaust into a device where the CO2 chemically reacts with pebbles of quicklime. These then convert into limestone which keeps the CO2 locked in. The limestone pebbles are unloaded at port where they can be sold for reuse as building materials. Alternatively, they can be re-separated into quicklime and CO2, enabling the quicklime to be reused to capture more carbon, and the pure CO2 sold for utilisation or sequestration. Company co-founder, Alisha Fredriksson, said: “Ships emit over 1 billion tons of greenhouse gases every year, that’s more than airplanes. With new international maritime regulations requiring ships to cut CO2 emissions by 40% within the next seven years, the industry is under a lot of pressure to find workable and cost-effective solutions. Clean fuels, such as methanol and ammonia, are still 10 to 20 years away, and efficiency measures, such as propeller polishing and air lubrication, aren’t effective enough at reducing a high proportion of CO2 emissions, so we’re aiming to change the course of shipping decarbonisation through this project.” Watch this video to find out more: https://ow.ly/tmuF50TZ9GX

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Tune in on Dec 5th to have all your EUDR questions answered by Molly Scott!

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A new government has the potential to pick up where the previous government failed on promised regulation to manage Forest risk Commodities. To tackle the impacts our supply chains on forests and people outside of the UK that affect stability of our climate, food security and nature in the UK. While the legislation so far has been imperfect, there is great potential to address some key gaps that will enable UK market to gain transparency for effective enforcement in 2025 alongside EUDR. Brexit took the biscuit on UK farmers but we can support them better by not taking the beef from illegally deforested critical ecosystems nearing the tipping point as drought ravages further in 2024. In preparation, a fantastic and timely overview of UKs exposure from Trase - Intelligence for sustainable trade https://lnkd.in/eCpdPV2b

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Partner's News The Energy Hubs – Fill the Backbone report by Hydrogen Scotland member Net Zero Technology Centre highlights the emerging opportunity to export green hydrogen from Scotland into the expanding hydrogen market in Europe. Economic modelling indicates that a 10 GW scale Energy Hub in Scotland producing green hydrogen from floating offshore wind could produce hydrogen for £3.90/kg. To capitalise on this opportunity, Scotland will need to develop strategic Energy Hubs in time to meet this growing demand. https://lnkd.in/gPJgp5SC

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🚀 We have been named as one of the top 10 Scottish VCs investing in early-stage startups by TechRound. This recognition reflects our commitment to backing innovative and ambitious entrepreneurs, providing the financial support and strategic guidance they need to scale. Read the full article here: https://hubs.ly/Q02MbPWP0 #StartUp #VentureCapital #VCTs

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Exciting developments in carbon removals! The UK government has launched a public consultation on integrating Greenhouse Gas Removals (GGRs) into the UK Emissions Trading Scheme. This lays the foundation for a potential market for carbon removals in the UK. Are you up to date with the latest on this? Read this blog post to find out via https://lnkd.in/eFsme8h8 #climateaction #UKETS #GGRs #carbonremovals

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Today’s top stories from Business News Wales - some interesting reads to start your week.

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Jobs boost for renewable energy supply chain, report from trade body finds. Scottish Renewables #ScottishRenewables #SupplyChainImpactStatement #RenewableEnergy #CleanPower #EnergyTransition #OffshoreWind #NetZero #GreenJobs #EconomicGrowth #SustainableFuture #Scotland

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Scotland’s climate targets revised: Industry response. Industry leaders express disappointment over the Scottish Government’s decision to retract climate targets, emphasising the importance of maintaining investor confidence. Climate Change Committee Scottish Renewables Claire Mack The Association for Decentralised Energy #energybills #energycosts #energycrisis #energyefficiency #energyprices #energytransition #gasprices

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The latest report from the UK’s Climate Change Committee provides an update on the nation’s progress towards its climate goals. While the UK has achieved its emissions targets, largely thanks to improvements in the energy sector, the challenge is far from over. A closer look reveals that the current strategies are only set to address one-third of the emissions reductions needed to meet the ambitious target of a 68% cut from 1990 levels. To truly meet our climate targets, we need a comprehensive approach that integrates policy, technology, and infrastructure improvements. #ClimateChange #GreenEnergy #SustainableFuture

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Well done Matthew Moss and colleagues at Ricardo plc working for T&E on showcasing how the revenue from the EU ETS for the #maritime sector could be used to bridge the gap for accommodating the more costly alternative #zeroGHG fuels. We know they are very expensive and that these policies generate large revenue streams, so this makes sense. How revenues from maritime #decarbonization policies are recycled is also an important topic at international level. With the upcoming discussions (110 days to go!) at the International Maritime Organization before and in April 2025 on agreeing the policy measures to enact the net zero GHG strategy, the use of the revenues generated remains on the table. Let's work to ensure the right decisions are made, which will best accelerate the reduction of GHG emissions!

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Currently the team at Guidehouse are working with one of the UK’s gas networks on their Net Zero roadmap; effectively the work needed to deliver low carbon infrastructure ahead of their corporate targets and the legally binding 2050 target. When discussing the roadmap with the leadership team, the two central topics of conversation were economics and policy: 💷 Economics: which is the optimal pathway (balancing affordability, resilience, and sustainability), what investment is needed to get there, and how can it be financed in an equitable way for current and future generations? 🏛️ Policy: what policy decisions are holding back investment, when are they going to be made, how can the business prepare to act as soon as there’s direction? The conversation led me the question, how can we value the cost of policy instability/indecision? There will clearly be both a financial and environmental cost of dragging our heels on investment into the energy transition, but can we quantify it? Given the probable change in government in July (characteristically awkward picture of Ed Miliband for context, the Telegraph seems to have a vault of them) - are we likely to get the decisive and long term policy required to get back on track? Or are we in for a few more years of flip flopping? Interested in your thoughts Sian Conway-Wood and Christine Quigley. #Policy #Energytransition #Labour #Netzero

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