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Experts say claims drilling in North Sea will reduce UK energy bills are ‘sheer fantasy’

A UK powered fully by renewable energy could save all households up to £441 a year on their energy bills, according to a new Oxford Smith School analysis. In comparison, maximising oil & gas extraction from the North Sea would save households a modest £16 - £82 per year - and only if the tax revenues collected were distributed to households to offset their energy bills, the authors say. 
 

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Southern Partnership Fund: Building Bankable Pipelines with Lloyds Financials, Zambia

Dr Alex Money and George Carew-Jones from CCG and Oxford Smith School to discuss the Southern Partnership Fund project “Building Pipelines of Bankable Climate-Compatible Growth Projects in Zambia.”

"This is a young aspirant population that will grow from 20 million to 40 million by 2050. Zambia is strategically and geopolitically located in an important place, and it has a very big critical resource endowment. The challenge is translating that into inclusive, sustainable, equitable growth. And this requires capital which is what CCG’s mission is largely about," said Dr Money.

 

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Extreme heat forecasts suggest bigger economic impact in developing world

Fulvia Marotta comments on the implications of new Oxford Smith School research for the global economy. “These projections are really striking and will add extra pressure to already fragile economies as the demand for energy will probably grow faster than infrastructure capacity. If that gap persists, it could generate sustained inflationary pressures,” she said.