EnergyDigital Magazine February 2023 | Page 13

Energy agreement

US & UK partner on energy agreement

The ‘ UK-US Energy Security and Affordability Partnership ’ will work to reduce global dependency on Russian energy exports , stabilise energy markets , and step-up collaboration on energy efficiency , nuclear , and renewables .
As part of this , the US will strive to export at least 9-10bn cubic metres of LNG over the next year via UK terminals , more than doubling the level exported in 2021 . This will benefit both UK and European partners . To fulfil this shared objective , both governments will work to proactively identify and resolve any issues faced by exporters and importers .
Furthermore , the partnership will also drive international investment in clean energy technologies , from offshore wind to carbon capture .
This will complement the work the UK and US are doing together with G7 partners to support the use of clean and sustainable energy in developing countries through the Just Energy Transition Partnerships .
� ACCENTURE Accenture and Planet are set to collaborate on AI-powered geospatial intelligence tools for sustainability , traceable supply chains and climate risk solutions .
� FISCHER FARMS The world ’ s largest vertical farm , in Food Enterprise Park , Norfolk , is due to open in early 2023 . The four-acre site will supply 6.5 tonnes of vegetables all year , and when completed , will be powered by renewable energy .
� OIL AND GAS Oil and gas companies are spending vast sums of around $ 58bn on new production that will tip the world towards climate catastrophe , reveals a report from the financial think tank Carbon Tracker .
� ENERGY CRISIS CONTINUES Enel ' s Francesco Starace has stated that it will take years to get energy prices back to pre-Ukraine war levels . The global energy crisis , triggered by Russia ' s invasion of Ukraine , has displayed a clear over-reliance on one energy source .

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