Labor PM Keir Starmer's government formed Great British Energy to undertake early project work to reduce private
sector developer risk and boost technologies such as carbon capture and
storage, hydrogen and wave and tidal energy.
Feds propose 557 sq miles of new Atlantic ocean tracts for development and set Aug. 29 for first Gulf of Mexico auction of three large sites, but projects now confront rising costs for the first time.
State will enact nation-leading requirements next month to boost first floor building elevations for most
new or renovated projects that are based on
“predictive precipitation modeling” of future flood impacts, not historic
trends.
New Maryland Gov. Wes Moore touts boost to 8.5 GW in state deployment goal, as developing US clean energy sector aims to move queued projects past permitting, financial, labor and supply chain hurdles.
But Credit Suisse conferees are buoyed by improved risk allocation and new technology, according to investment banking firm’s analysis of comments and predictions.
Even as Canada’s government boosted national infrastructure spending by 11% from 2015 to 2017 and launched the Canada Infrastructure Bank to attract and funnel private-sector project dollars, private investment declined 18% in the same period, says a report by a think tank at Ontario’s Western University.
