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COP29

New Article 6 texts seek final bridge over troubled registry waters

Fresh Article 6 draft negotiating texts were published late on Tuesday with the Azerbaijan COP29 presidency looking to speed through a carbon markets outcome in Baku, as parties edged closer to consensus on the thorny registries issue.

BRIEFING: UN “on cusp” of first Article 6 carbon credit issuances

Thousands of projects have already applied to transition to the new Paris Agreement carbon crediting mechanism and hundreds of proponents have signalled interest in developing new activities, and with interim UN registry infrastructure to be ready in a few weeks, the first issuances can be processed in early 2025, according to experts.

Norway signs slate of Article 6 agreements through new $740 mln funding facility

The Norwegian government is signing agreements with four developing countries in Baku through a new Article 6 financing initiative in support of the Nordic country’s national and UN climate targets.

Singapore, Zambia sign Article 6 MoU

Singapore and Zambia on Tuesday signed a Memorandum of Understanding (MOU) to collaborate on carbon credits aligned with Article 6 of the Paris Agreement.

Singapore, Japan set overseas carbon credit targets for 2030 NDC

Singapore and Japan have formulated purchase targets for Paris-aligned carbon credits through 2030.

Senegal gears up for Article 6 with Norway deal, national policies -official

Senegal’s environment ministry is preparing to leverage Article 6 carbon markets in support of national and international climate goals, according to statements made on Tuesday by a senior official at the COP29 global climate summit in Baku, Azerbaijan.

USDA won’t finalise voluntary carbon rules before Trump administration, secretary says

A set of protocols being designed to help US land and forest owners gain access to the voluntary carbon market (VCM) won’t reach a draft form before the end of President Joe Biden’s term, putting their fate in the hands of the incoming Republican administration.

US agriculture department to invest $7.7 bln in conservation programmes in 2025

The US Department of Agriculture (USDA) will provide $7.7 billion for its various conservation programmes in the 2025 fiscal year, the country’s agriculture secretary said Tuesday at COP29, expressing confidence that such initiatives will continue with the upcoming change of presidential administration.

BRIEFING: Decision on COP31 host likely to be delayed, as Australia continues push

The decision on whether to host COP31 in Turkiye or Australia has reached an “impasse”, according to observers, as both countries continue to promote themselves as prospective hosts for the 2026 annual UN climate summit.

Govts spotlight efforts to minimise pass-through costs of carbon pricing

Countries with domestic carbon pricing efforts emphasised the specific policy design mechanisms needed to minimise pass-through costs to end consumers, government officials told an event on the sidelines of COP29.

Clean tech tariffs risk triggering ‘backlash’, UN agency warns

The imposition of tariffs and regulatory barriers on clean technologies may initially benefit countries wanting to protect nascent industries from competition, but they will backfire in the long run and ultimately hurt consumers, warned a senior official at UN Trade and Development (UNCTAD).

Corporates call for carbon pricing certainty to decarbonise heavy industry

Heavy-emitting industries point to carbon capture and storage (CCS) as essential to achieve emissions reductions, but the current ecosystem of global carbon pricing measures remains insufficient for scale-up, corporates said on the sidelines of the COP29 global climate summit in Baku, Azerbaijan.

INTERVIEW: Uganda backs Article 6 where voluntary market, foreign contributions fall short

Uganda is looking to Article 6 projects to help finance sustainable development, particularly given the limitations of the voluntary carbon market (VCM) and international finance goals, a senior official told Carbon Pulse on the sidelines of COP29.

INTERVIEW: Namibia’s draft regulations on compliance carbon markets to be out next year

The Namibian government will release draft carbon market regulations in 2025, once it has clarity of the rules underpinning the UN’s international market mechanism, an official told Carbon Pulse at the COP29 climate summit in Baku.

Zambia’s carbon markets bill explicit on fees, vague on integrity

A Zambian climate bill up for public consultation this month, publicised on Monday, lists several layers of government approval and fees for carbon trading but does not elaborate on its high-level principles for environmental integrity.

War causes 6% of global emissions, but is almost ignored by UN -research

Military conflicts account for around 5.5% of global emissions, yet countries are not obliged to report them under the UN climate body’s framework, research bodies highlighted at the COP29 climate summit in Baku, Azerbaijan.

Farmers should be climate finance recipients for carbon sequestration, NGOs say

Nearly 80 civil society are calling on UN Climate Change to facilitate the allocation of climate finance to farmers to help them engage in more sustainable practices like restoring degraded soils, in an open letter published on the sidelines of the COP29 climate conference.

Roundup for Day 9 – Nov. 19

It is Day 9 at COP29 in Baku – Food Day. As we go deeper into week two, with a matter of days to conclude minister-level talks, a new text is expected on Article 6, and things are turning around on other work streams, including the ambiguous Mitigation Work Programme (MWP). The UK and Brazil have also been tasked with making sure we get over the line in Baku.

Come COP with us – Take a 14-day Free Trial of our news and intelligence to coincide with COP29 (Nov. 11-22). Register to get full coverage from our 12-person team of reporters in Baku. If you’ve already trialled our content but want to take a second look, email us at sales@carbon-pulse.com to reactivate your login before Nov. 24. Some restrictions apply.

INTERNATIONAL

G20 endorses broad climate finance, but fails to provide clarity on NCQG 

The G20 reaffirmed a broad commitment to climate finance efforts in a communique following the conclusion of its summit in Brazil, but observers say more is needed from the world’s wealthiest countries to adequately address climate change globally.

EMEA

ECB flags transition risks of climate action for EU economy

The EU needs coordinated policy to finance emissions reductions to 2030, integrating potential climate risks in order to avoid losses and disruptions stemming from a ‘run on brown’ scenario, the European Central Bank (ECB) and the European Supervisory Authorities (ESAs) warned on Tuesday.

UK digital bank buys 25 acres of woodland as part of 2035 climate positive pledge

A Durham-based fintech has purchased 25 acres (10,1 hectares) of new woodland in Northeast England as part of a commitment to become climate positive by 2035, the company announced on Tuesday.

EU falling behind on green hydrogen goals, industry says

Europe is falling far behind on its renewable hydrogen targets, with just 4% of announced projects under construction and production far from the 2030 goal, according to an industry report released on Tuesday.

Euro Markets: EUAs fall back with gas as profit-taking takes steam out of TTF rally and EUA sellers return

EU carbon prices fell back on Tuesday after their 2.2% jump on Monday amid a decline in the benchmark natural gas market, as gas traders were said to take profit after Monday’s rally, and sellers of EUAs dominated ahead of Wednesday’s weekly positioning data.

AMERICAS

INTERVIEW: Game-changing $5 bln deal for Bolivia threatens to disrupt both Article 6 and voluntary market

Chicago company Laconic Infrastructure Partners plans to issue $1 billion worth of securities next year on Bolivia’s forestry plans, and if the idea catches on, it could undermine the edifice building around Article 6 trade as well as the voluntary carbon market.

EXCLUSIVE: Colombian carbon standard is first to sign up to S&P Global tool aimed at ‘uniting the registry community in one place’

A Colombian carbon standard has become the first organisation to sign up to a new software tool from S&P Global, which has been designed to integrate the various carbon registries and standards in one place.

PREVIEW: ARB’s ETS rulemaking delays recast WCI Q4 auction sentiment lower, outsized ACP positions skew expectations

A larger cross-section of traders polled expect the last quarterly California-Quebec current vintage carbon allowance auction for 2024 to clear discounted to front-month California Carbon Allowance (CCA) prices after market sentiment soured with ARB delaying cap-and-trade regulatory updates, but unusual Auction Clearing Price (ACP) futures open interest (OI) could skew the outcome.

LCFS Market: California lawmaker seeks LCFS repeal citing impact on gas prices

The Republican Minority Leader of the California state senate announced plans for new bills blocking ARB’s Low Carbon Fuel Standard (LCFS) regulation on Tuesday, pointing to a new study that projected an increase in gas prices beginning 2025 due to recent regulations introduced in the state.

BRIEFING: Experts ask Washington to streamline reforestation protocol baselines

Forest offset project experts last week asked the Washington Department of Ecology (ECY) to prioritise streamlining its reforestation protocol, as it is already economically unfeasible.

Nebraska sues truck manufacturers for backing California’s EV rules

Nebraska’s Attorney General (AG) alongside two industry groups on Tuesday filed an antitrust lawsuit against several US heavy-duty truck makers, alleging that their agreement with California to advance clean transition in the trucking sector is “nakedly anti-competitive”.

Zefiro plugs first gas well in Oklahoma, eyes expansion in US, Middle East

Zefiro Methane Corp. announced on Monday that its subsidiary Plants & Goodwin (P&G) has completed the company’s inaugural gas well remediation project in Oklahoma.

NOAA unveils partnerships to advance ocean CO2 removal research, boost transportation’s climate resilience

The US National Oceanic and Atmospheric Administration (NOAA) on Tuesday unveiled new partnerships to advance research on using the ocean to remove and store CO2, and enhance climate change resilience in the transportation sector.

ASIA PACIFIC

Australian oil major sets 2040 carbon storage target

Oil and gas major Santos has set a target to build and operate a commercial carbon storage business that would permanently store around 14 million tonnes of third-party CO2 per year by 2040.

South Korean project developer gears up for expansion in Africa, Central Asia

A carbon offset project developer from South Korea has secured international partnerships for its expansion into Africa and Central Asia, as it seeks to diversify its project portfolio and seize opportunities in international carbon markets.

Australia reviews carbon offset auditing mechanism

Australia’s Clean Energy Regulator has launched a consultation process for a new carbon offset project auditing mechanism, including the option to ease auditing requirements for small projects.

UK carbon outfit sets up shop in Singapore

A UK company specialising in assisting carbon project developers has established an office to expand its activities into the fast-growing Southeast Asian market.

VOLUNTARY

Startup shutters carbon credit exchange, shifts focus to climate consultancy tech

A US-based startup dedicated to environmental market infrastructure on Tuesday announced the closure of its offset trading exchange amid the downturn in the voluntary carbon market.

Gold Standard credit issuance data added to Climate Action Data Trust platform

Project and credit data from Gold Standard will be available on the Climate Action Data Trust (CAD) platform by the end of the year, it was announced Tuesday.

BIODIVERSITY (FREE TO READ)

All our nature and biodiversity articles remain free to read (no subscription required). However, as of Oct. 24 we will require that all readers have a Carbon Pulse login to access this content in full. To get a login, sign up for a free trial of our news. If you’ve already had a trial, then you already have a login.

INTERVIEW: Waiting for the biodiversity market to take shape

The plethora of biodiversity crediting standards that have emerged over the past couple of years will be narrowed down to just a few once the market takes off – whenever that may be.

Triodos Bank to ringfence €500 mln in nature-based solutions by 2030

Dutch-headquartered bank Triodos announced on Tuesday it will invest a minimum of €500 million in nature-based solutions (NbS) by the end of 2030 as part of its biodiversity strategy.

Norway commits $60 mln to the Amazon Fund

The Norwegian government has pledged an additional NOK 670 million ($60 mln) to the Amazon Fund to help conserve the rainforest region, it announced on the sidelines of the G20 summit in Brazil.

Biodiversity Pulse: Tuesday November 19, 2024

A twice-weekly summary of our biodiversity news plus bite-sized updates from around the world. All articles in this edition are free to read (no subscription required).

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EVENTS

*NEW* Carbon Forward Middle East – Jan. 16-17, Abu Dhabi – Announcing Carbon Forward Middle East in Abu Dhabi, a great new event to explore carbon markets in the MENA region. We’ll be releasing more details about this conference soon. For now, put Jan. 16-17 in your calendar and email info@carbon-forward.com to express interest in attending, speaking, or sponsoring.

European Industrial Carbon Management Summit – Dec. 5, Brussels: The Zero Emissions Platform flagship event will bring together industry leaders, policymakers, civil society and scientific experts to discuss the future of industrial carbon management across Europe. Get ready for insightful keynotes, case studies from pioneering projects, and panel discussions on the deployment of industrial carbon management technologies. The Summit is the perfect space to connect with peers working at the forefront of industrial decarbonisation. Registrations are now open – do not miss your chance to be part of the conversation. 

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REPORT

Discover High-Quality NBS Credits: Redefining carbon removal with community agroforestry – Dive into Supercritical’s latest report on Community Agroforestry, a high-integrity nature-based solution delivering high-quality carbon removal alongside transformative community benefits. With rigorous quality standards and satellite-based MRV, Community Agroforestry regenerates ecosystems, empowers local communities, and ensures measurable CO2 removal. Discover why this innovative approach is setting a new standard for impactful carbon removal. Read the report

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SURVEY

CDR.fyi has launched the first-ever durable Carbon Dioxide Removal (CDR) Pricing Survey to gather insights on pricing perceptions within the CDR industry. The survey, now open until Dec. 6, targets both purchasers and suppliers of durable CDR with separate versions for each. It covers 15 CDR methods, including biochar carbon removal, DAC, and mineralisation, and is aimed at gauging optimal pricing and acceptable price ranges for various methods. The survey aims to determine the prices purchasers are willing to pay, the pricing suppliers need to expand operations, and demand signals across methods for 2025 and 2030. Responses will remain confidential, with data reported in aggregate and accessed only by non-conflicted team members. Results will be published post-survey, with a full report available to survey respondents and CDR.fyi premium users. The initiative seeks to provide essential pricing benchmarks to support carbon removal market growth.

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BITE-SIZED UPDATES FROM AROUND THE WORLD

EMEA

CRCF green light – The Council of EU member states gave the final green light on Tuesday to the EU’s proposed Carbon Removals and Carbon Farming (CRCF) regulation. The vote closes the legislative procedure on the proposal after EU countries and the European Parliament reached a political agreement on the file in February. All EU countries voted in favour of the deal, except for Italy, which voted against. The regulation is the first in the world to provide a certification framework for carbon removals and soil emission reductions. The European Commission is currently developing methodologies for measuring removals from specific removal techniques, such as biochar, DACCS and BECCS. The regulation will now be published in the EU’s Official Journal and enter into force 20 days after its publication.

You’ll have support – The EU is committed to supporting its exporters in navigating the effects of the Carbon Border Adjustment Mechanism (CBAM), a landmark carbon levy designed to prevent industries from relocating to evade stricter climate regulations. Gerassimos Thomas, Director General for Tax, told Bloomberg that the European Commission would review measures to aid affected domestic industries like steel and aluminium in 2024 and propose solutions by 2026. Concerns have been raised by exporters over increased costs and by critics, including former ECB President Mario Draghi, regarding the mechanism’s complexity and implementation. Efforts will also focus on simplifying rules for small- and medium-sized businesses to reduce administrative burdens. The EU is cautious about international reactions, particularly from trading partners like China, Brazil, and the US. Thomas highlighted the need for an incentive-based approach to encourage greener practices globally, emphasising that equivalent climate actions by other nations will be evaluated by 2025. Despite challenges, the timeline for CBAM, which begins collecting fees in 2026, remains on track.

ESG ratings – The Council of EU member states on Tuesday gave the go-ahead to a new regulation on environmental, social and governance (ESG) rating activities. The new rules aim to strengthen the reliability and comparability of ESG ratings by improving the transparency and integrity of ESG rating providers. Under the regulation, ESG rating agencies in the EU will need to be authorised and supervised by the European Securities and Markets Authority (ESMA) and comply with transparency requirements with regard to their methodology and sources of information. The regulation also mandates rating agencies to separate their business and rating activities in order to prevent conflicts of interest. The regulation will be published in the EU’s Official Journal and enter into force 20 days later. The regulation will start applying 18 months after its entry into force.

Clean power muscle – British Prime Minister Keir Starmer officially launched the UK-led Global Clean Power Alliance on Tuesday at the G20 summit, with Brazil, Australia, Barbados, Canada, Chile, Colombia, France, Germany, Morocco, Norway, Tanzania, the African Union signed up to the mission and the US and EU as partners. Starmer, alongside Brazilian President Luiz Inacio Lula da Silva, said the alliance will speed up the global drive for clean power by uniting developed and developing countries and enabling them to share expertise. The alliance will have missions to address the most critical challenges with the transition, starting with the finance mission – published on Tuesday and co-chaired by Brazil. It commits to supporting countries to build investment platforms and providing the assistance needed to get clean finance flowing.

Steel woes – Thyssenkrupp has written down the value of its steel division by a further €1 bln, blaming the sector’s worsening outlook as weak demand and competition from Asia weigh on the German industry’s ability to compete. The impairment, the second in as many years, drove the German conglomerate to an annual net loss of €1.5 bln. However, its shares rose 10% on analyst expectations the writedown could ease the sale of a stake in the troubled steel business while welcoming a surprise positive cash flow at group level. Thyssenkrupp Steel Europe is now valued at €2.4 bln in the group’s books, less than half what it was worth two years ago as the prospects for Europe’s biggest economy continue to worsen. The latest impairment on the company comes as Thyssenkrupp hopes that Czech billionaire Daniel Kretinsky, who already owns 20% of TKSE, will raise his stake to 50%. (Reuters)

DEHSt’s delay – The German Emissions Trading Authority (DEHSt), in coordination with the Federal Ministry for Economic Affairs and Climate Action (BMWK), has decided to delay the start of nEHS certificate sales in 2025 at EEX. This decision is linked to the ongoing legislative process for the amendment of the Greenhouse Gas Emissions Trading Act (TEHG-European Law Adaptation Act 2024), which also involves changes to the Fuel Emissions Trading Act (BEHG). The sales will begin in Q2 instead of January, reflecting low early-year demand for nEHS certificates. Trends in 2022 and 2023 show that only about 5% of the annual certificate volume was sold at the start of those years. The ability to purchase unlimited certificates at fixed prices during the year and the option for limited carry-over purchases in the following year reduce early demand, DHESt said, with most purchases occurring in September and later. The EEX will publish the 2025 sales calendar at least six weeks before the sales start. Additionally, the final sales date for 2024 nEHS certificates is Dec. 5, 2024.

Slovakian climate progress – A report by the International Energy Agency (IEA) highlighted the significant progress made by the Slovak Republic in reaching its climate and energy goals thanks to its low-emissions electricity system, with nuclear, hydropower, and other renewables combined meeting around 85% of the country’s electricity demand. Nuclear power plays a key role in the country’s long-term decarbonisation plans and ensuring energy security, noted the report. Its support of nuclear is also aligned with public support to advance the nuclear power fleet, it found. However, more needs to be done to decarbonise energy-intensive industries in the Slovak Republic, with the government currently exploring the role small module nuclear reactors could play. While a combination of energy efficiency measures and electrification need to be adopted to reduce the use of natural gas in the country’s buildings. It also found carbon taxation and fossil fuel prices not well-aligned with long-term climate and energy goals. The Slovak Republic aims to achieve net zero by 2050 and is preparing a draft national act on climate change, which would enshrine carbon neutrality by 2050 into law.

ASIA PACIFIC

China’s big footprint – China’s historical emissions within its borders have now caused more global warming than the 27 EU member states combined, according to new Carbon Brief analysis. It found that 94% of the global carbon budget for 1.5C has now been used up, as cumulative emissions since 1850 have reached 2,607 bln tonnes of CO2. While developed countries have used the majority of this budget, the analysis shows that China’s historical emissions reached 312 GtCO2 in 2023, overtaking the EU’s 303 GtCO2. Yet China is still far behind the 532 GtCO2 emitted by the US, it found, and is unlikely to ever overtake the US contribution to global warming, based on current policies, committed plans, and technology trends in both countries. China’s contribution to the New Collective Quantified Goal (NCQG) is under debate at the ongoing COP29, though the country has signalled a willingness to step forward in some capacity. In 1992, China’s historical emissions were around two-fifths (41%) the size of the EU’s, yet by end-2023, the country’s cumulative emissions had overtaken those of the EU. However, China’s emissions remain far behind those of the EU on a per-capita basis and the US is still the biggest contributor to global warming, with cumulative emissions two-thirds higher than China’s and three-quarters above the EU27.

Fundraising – Tokyo-based carbon marketplace operator JGX has raised funds for an undisclosed amount from investment firm FLAG-41 and internet media All About in a seed round, according to a statement released this week. The funds will be used for product development and strengthening of recruitment and organisational structure, JGX said. The startup also plans to provide consulting services about the creation of carbon credits.

AMERICAS

VOLUNTARY

Carbon-negative concrete – Partanna Global – a developer of carbon-negative building materials – has received sign-off from Verra to register its project ‘Using direct air capture to manufacture carbon negative concrete’, using the VM0044 Methodology under Verra’s Verified Carbon Standard (VCS) Program, said a press release Tuesday. Partanna is one of only two concrete companies globally to achieve this status under Verra’s standards. Partanna’s technology avoids the use of Portland cement in the concrete-making process, thereby avoiding CO2 emissions associated with conventional cement production and using brine and industry waste instead. The manufacture of cement accounts for as much as 9% of global CO2. Over the project’s current 10 year carbon crediting period, Partanna’s carbon-negative concrete is expected to reduce and sequester an average of 644,000 tCO₂ per year, translating to over 6.4 MtCO₂ by 2032. Ultimately, Partanna aims to remove a cumulative 1 bln tCO₂ from the atmosphere. The project boundary for the verification of Partanna credits is The Bahamas and the US, but with more regions expected to follow.

Rice is nice – AgriCapture on Tuesday announced the sale of 30,000 methane emission reduction credits as part of the largest rice methane reduction project in US history. Neither the buyer nor the price paid was revealed. AgriCapture said this project incentivises rice farmers in Arkansas, Mississippi, Missouri, and Texas to adopt sustainable irrigation practices, cutting methane emissions by up to 60% and saving over 9 bln gal of water. The credits, verified by the Climate Action Reserve, provide financial returns for farmers implementing methods like alternate wetting and drying or furrow irrigation, AgriCapture said. The company announced the issuance of some 37,600 credits to the project last June. AgriCapture said it plans to expand the initiative in 2025 to further enhance agriculture’s role in combating climate change.

Low-carbon shipping fuel consultation – Verra has opened a public consultation on the draft Methodology for Alternative Low-Carbon Fuels for Shipping (ID #M0191) in the Verified Carbon Standard (VCS) Program. This applies to shipping activities in both territorial waters and on high seas that involve low-carbon alternative fuels, with eligible project activities including switching from traditional petroleum-based fuels to low-carbon alternatives, known as drop-in fuels. It does not apply to ships that run on 100% battery electric propulsion or 100% biofuels. The consultation will run from Nov. 18 through Dec. 18.

NBS data partners – Earth Blox, a provider of spatial intelligence for climate and nature-related risk and compliance, has partnered with Chloris Geospatial, a provider of forest carbon data. The collaboration is intended to integrate Chloris’s high-resolution above-ground biomass data directly into the Earth Blox platform, enabling businesses to conduct comprehensive forest carbon assessments anywhere on the planet at speed and scale. Earth Blox customers will now be able to access Chloris’s data as part of a geospatial toolkit. This data is especially suited to carbon credit validation for NBS projects and reporting to the EU Deforestation Regulation (EUDR). The platform offers custom and ready-made solutions for a range of assessments, including the Taskforce on Nature-Related Financial Disclosures (TNFD), EUDR, climate hazards, and nature-based solutions project due diligence.

Spotlight on removals – Carbon removal credits provider Carbonfuture is teaming up with Economist Impact to create the first Carbon Removal Spotlight at Economist Impact events, they announced on Tuesday. The spotlight will be held during Sustainability Week in London on Mar. 10-12 and focus on advancing corporate action on removals as a core part of their net-zero strategies.

INVESTMENT

INTERNATIONAL

IETA ins and outs – The emissions trading association IETA elected four new council members and appointed two new fellows, during its annual general meeting held on the COP29 sidelines on Monday. The new council members are Sheri Hickok of Climate Impact Partners, Kavita Ahluwalia of Uniper, Emma Mazhari of Maersk, and Nick Osborne of Shell. The new fellows are Paulo Protasio, former CEO of the Rio de Janeiro chamber of commerce and the first chair of IETA’s council in 1999; and Kay Harrison, New Zealand’s climate change ambassador for five years and the country’s lead negotiator before that. In addition, the IETA council bid farewell to Jonathan Shopley of Climate Impact Partners, Rick Saines of Pollination Group, Paul Dawson of RWE Supply & Trading, and Ingrid Parramon of BP.

AND FINALLY…

Scoring a green goal – The Football Association (FA) has launched a ‘Greener Game’ programme in partnership with E.ON Next, supporting grassroots football clubs to become more sustainable while reducing energy costs. The FA together with E.ON Next will invest over £1.5 mln annually, with around 100 clubs receiving installations of sustainable energy upgrades each year. Over the five-year programme, registered grassroots clubs will gain access to an extensive collection of energy-saving resources, including tutorials, case studies, and guides tailored to help clubs adopt sustainable practices. About 200 energy audits are expected to be conducted annually across the duration of the programme, with clubs who meet the evaluation criteria set to receive the investment. Pilot clubs have already seen a reduction of up to 25% in electricity costs thanks to solar power and battery solutions, said the press release Tuesday. The projections are that the installations could save an average of around £3,000 per year, per club, depending on their energy usage.

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