Turkey’s first nuclear power plant, the $20 billion-rated Akkuyu project, located in Mersin Province, has so far received an estimated $3 billion despite the required licenses having not been issued yet, says the company CEO.
It is considered likely that the UK Drax power station’s bid for funding for a £2 billion ($3 billion) carbon capture project will collapse, bringing a rival scheme in Peterhead back into competition for government support.
The Drax power company, in charge of the largest power plant in the UK of the same name, has thrown a £1 billion ($1.52 billion) UK government climate-change plan into turmoil, saying that government green policy reversals have made it too risky to move forwards.
Over the past year, funds pledged to shift energy reliance on coal, oil or gas to cleaner sources have risen by 50 times to $2.6 trillion dollars due to ethical or financial motivations. Pledges include commitments to cut back or sell present holdings in fossil fuel companies.