Here are the top business stories making the headlines in the morning newspapers.
Global milestone for wind and solar
Wind and solar generated 10% of global electricity for the first time in 2021, a new analysis shows.
The BBC says 50 countries now get more than a tenth of their power from wind and solar sources, according to research from Ember, a climate and energy think tank.
As the world's economies rebounded from the Covid-19 pandemic in 2021, demand for energy soared.
Demand for electricity grew at a record pace. This saw a surge in coal power, rising at the fastest rate since 1985.
The research shows the growth in the need for electricity last year was the equivalent of adding a new India to the world's grid.
Solar and wind and other clean sources generated 38% of the world's electricity in 2021.
The fastest switching to wind and solar took place in the Netherlands, Australia, and Vietnam.
A large majority of the increased demand for electricity in 2021 was met by fossil fuels with coal-fired electricity rising by 9%.
Much of the rise in coal use was in Asian countries including China and India, but the increase in coal was not matched by gas use which increased globally by only 1%, indicating that soaring prices for gas have made coal a more viable source of electricity.
Delivering the energy transition
A steady stream of projects will be needed to support the skills and talent needed to deliver the energy transition, a panel of industry experts heard.
Speaking at an Energy Voice net zero workforce event in Aberdeen, Parliamentary Under-Secretary of State for Scotland Lord Offord talked of an industry "on the verge of fundamental seismic change" - the bulk of which will be driven by the expertise of today's oil and gas personnel.
He added: "Just as the capital to finance the energy revolution comes in large part from investment by the fossil-fuel companies, so the workforce needed to drive it forward will also come from the same source.
Lord Offord pointed to offshore renewables in particular, as a new wave of facilities will require design, installation, maintenance and decommissioning expertise - all of which are "bread and butter" for today's oil and gas engineers and technicians.
To make that happen, he called for "a conveyor belt of projects" to ensure the transition runs smoothly and to offer opportunities for new and existing workers to prevent talent being lost.
Moves to tackle issue of fire and rehire 'lack bite'
Unions have criticised UK Government plans to tackle the so-called fire and rehire of workers in the wake of P&O Ferries sacking 800 employees without notice.
Business Minister Paul Scully has revealed legislation to "clamp down" on "unscrupulous" employers who fail to hold meaningful staff consultations.
But the Trades Union Congress (TUC) said the plans "lack bite", according to the BBC.
Labour said the move was "too little, too late" and would "offer no comfort" to P&O Ferries' sacked workers.
The practice of fire and rehire is when an employer dismisses a worker and rehires them on new, less-favourable terms.
The Department for Business, Energy and Industrial Strategy said a new statutory code of practice would detail how businesses "must hold fair, transparent and meaningful consultations on proposed changes to employment terms".
The new legislation would aim to act as a deterrent, the Government said, including a measure where courts or tribunals can increase an employee's compensation by 25% if an employer fails to comply with the code.
Leading businesses told to choose between trade with Russia or the West
The world's biggest companies "have a choice to make" whether to do business in Russia or in Western allied nations, a top US politician has told the BBC.
Wally Adeyemo, the US Deputy Treasury Secretary, said firms could "choose to help Russia" in its invasion of Ukraine or "continue to do business with the 30 countries" that have imposed sanctions.
He said Ukraine's allies were committed to issuing more sanctions.
Mr Adeyemo also warned Russian oligarchs "we're going to come for your resources".
Since Vladimir Putin ordered Russian troops to invade Ukraine, many Western companies have responded by closing down their operations or withdrawing their services from Russia.
Sanctions imposed by Western countries have made trading difficult or impossible for some firms, while many others have decided to leave Russian markets for moral reasons.
However, some well-known brands, such as Marks & Spencer and Burger King, have no power to leave Russia due to their brands being run by franchisees in the country.
Massive energy bills on the way
Health boards and councils in northern Scotland fear their combined energy bill could be heading towards a staggering £80million in the coming year.
NHS Grampian alone expects its costs to soar by almost 69% to more than £14million, with its outlay on gas more than doubling.
A Press and Journal investigation found the combined cost of powering local authority-run schools, care centres, sports facilities, libraries, offices and depots in the region could almost hit £60million after rocketing by 44% in 2022-23.