Industry News
NE: An agreement between business leaders & conservationists will help to put the natural environment at the heart of Tees Valley’s economic regeneration. The accord involving Tees Valley Unlimited (the local enterprise partnership) and Natural England (the Government’s environment adviser) is ‘aimed at identifying suitable areas for new industries while protecting and enhancing important natural habitats’.
Believed to be the first of its kind between NE and an LEP, the agreement builds upon a close working relationship that will ensure early engagement between developers, local planners, TVU and conservation bodies to help create a smoother, solution-orientated planning process.
It is anticipated that this co-operation will reduce delays to development and increase the likelihood of planning permission being granted, further endorsing the attractiveness of the area to potential investors.
It is anticipated that this co-operation will reduce delays to development and increase the likelihood of planning permission being granted, further endorsing the attractiveness of the area to potential investors.
DECC: Plans by Areva for a new offshore wind manufacturing plant in Scotland, and their commitment to developing the UK offshore wind industry, were welcomed by the Government last week. Areva plan to build a factory making blades & nacelles for offshore wind turbines and for use as a base for installing them in the North Sea, creating 750 jobs and many more in the supply chain.
DECC: The UK confirmed its global reputation as a centre for traded carbon markets last week, as the UK’s first auction for Phase III allowances of the EU Emissions Trading Scheme (EU ETS) took place in the City of London. London is now the hub for 90% of EU carbon trading and 80% of global carbon trading - a £90bn market.
In addition to the leading emissions market, ICE Futures Europe also lists European natural gas futures & options contracts. All ICE Futures Europe contracts are cleared thought ICE Clear Europe, ICE’s London based clearing house, clearing an average 2.6m energy futures contracts each trading day.
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