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Showing posts from May, 2018

Increased Borrowing Capacity for Mortgages for Greener Homes

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Yet another experiment showing the UK means business when it comes to sustainability has been implemented, allowing borrowers to apply for bigger mortgages when purchasing green properties. This brand new scheme is designed to encourage energy efficiency. The scheme will take into account energy efficiency when making affordability calculations. Factoring in lowers gas and electricity bills could mean borrowers can increase the size of their mortgage by £11,500. This energy efficiency scheme is due to be launched in June, at which time Welsh help-to-buy loans will begin taking into account the energy rating of new homes. This applies to all new-build homes of a value of up to £300,000. The aim behind the scheme is to encourage householders to take steps to ensure their house is energy efficient. The current inertia we are seeing does not bode well for a nation hoping to be 100% green in the foreseeable future. What’s more, the Welsh government, the brain behind the scheme,

5 Energy Stories That Made Headlines in 2017

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2017 was an interesting year for the energy world . We saw WTI shoot from $50 to over $60 a barrel and Brent hit $65, much to OPEC’s delight. But, 2017 bore witness to more than just oil price fluctuations – here are the most popular stories from 2017. The Oil War Is Definitely Not Over Yet When OPEC and Russia announced their pact to cut oil production, it made headlines all over the world. However, after the initial glory and accompanying price spike, doubters began to emerge wondering whether some members of the pact might cheat. This was soon overshadowed by a much bigger concern – U.S. shale gas production was on the rise and rising rapidly. Although OPEC p ublicly denounced the hype around shale production, by the end of the year it was obvious that it was going to threaten the success of the production agreement. The USA’s Next Big Shale Play The Permian held the spotlight for the majority of 2017 but in June, drilling productivity reported by the EIA showed that

Can Anyone Register for the GEC?

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  Anyone thinking about a career in the energy sector should consider adding the Global Energy Certification (GEC) to their resume. This online qualification was put together by NRG Expert, a company that specialises in helping businesses with energy-related issues and strategies. The course is 100% online and can be completed at your own leisure over the course of 12 months from anywhere in the world. The qualification touches on a range of different topics, including renewable energy & biofuels, oil reserves & shale oil, and electricity and gas deregulation. Each topic is explored in depth and then all are examined at the end of the course with a single two hour examination, which is available to take online. Exams take place on the 10 th of every month and students can choose which exam to take provided it has been at least six weeks since they registered for the course. With a topic as complex as energy, you might be wondering whether students need any backgro

To Cover Half of its Imports the UK Needs 6000 Shale Gas Wells

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If the UK wants to replace just 50% of its imports with domestic gas over a 15 year period, it will need to drill 6,000 new shale gas well s. This data comes as the result of an interesting new report. Fracking is relatively new to the UK but there is an argument coming from fracking companies to increase its presence in the country. The argument highlights the fact that the UK has a growing reliance on gas imports from Norway and Qatar. This makes it more and more pressing that the UK develops its own, home-produced supplies. This notion has recently been compounded by an arrival of gas from Russia by ships. While it is a nice idea to decrease our dependency on foreign gas, the Cardiff Business School provided analysis for eco-group Friends of the Earth to assess how feasible it would be. The findings showed that in order to replace half of the UK’s gas imports, at least one well would have to be drilled and fracked every day from 2021 through to 2035. A member of Friends of the