UK parties under pressure to strengthen climate policies in election campaigns
The UK’s next government is under pressure to strengthen the country’s climate policies, with hundreds of experts calling for faster emission reductions and the head of one of the country’s biggest energy companies calling to tackle administrative burdens to the transition.
Read MoreNew Paris pledges could triple emission reductions, if they reflect existing technologies, goals
Governments could put the world on track to nearly triple emission reductions by 2035 compared to the current trajectory, if their updated Paris Agreement pledges take in account current technological progress, existing national policies, and the commitments made in Dubai last year, according to research published on Monday.
Read MoreUK falling 18 years behind on wind power targets, due to lagging manufacturing
The UK is on track to miss its 2030 target for offshore wind power generation by 18 years and needs to triple its installation rate in order to catch up, according to research published on Friday.
Read MoreUK’s CBAM likely to push up cost of imported products made with electricity -study
UK imports of products made with electricity – such as aluminium and steel – could become more expensive when the country introduces its carbon border adjustment mechanism, even though its coverage is limited to indirect power emissions rather than direct power imports, according to new analysis by the London Stock Exchange Group (LSEG).
Read MoreMalawi gives go-ahead to project to distribute 2 mln clean cooking stoves
A developer of clean cooking appliances and carbon offset projects has received authorisation to begin carbon projects in Malawi, it announced on Wednesday.
Read MoreCarbon markets could unlock private green finance, but greater integrity needed
The perception of risk remains a significant roadblock to scaling private climate finance – especially in developing countries – but stronger policies and international standards for carbon pricing would help to unlock bigger and faster flows, a conference heard.
Read MoreUK clean energy investments rise, but private finance worldwide still lags -report
UK financial institutions nearly tripled their investment in clean energy project between 2022 and 2023 to $2.3 billion, although gaps in commitments and transparency persist, according to a report published this week.
Read MoreINTERVIEW: UK public bank looks to invest in green sectors deemed too risky for private finance
The state-owned UK Infrastructure Bank is looking to put money where private investors are not yet willing to go, in an effort to solve the problems standing in the way of reaching net zero emissions by 2050.
Read MoreFEATURE: UK’s local govts face hefty carbon pricing bill for waste incineration
The UK’s local governments are anxiously looking to London to enact policies that could help to clean up household rubbish in the coming years, in the hopes of minimising hefty new carbon costs for waste incineration.
Read MoreUK public banks finance port redevelopment to boost offshore wind capacity
The state-owned UK Infrastructure Bank and Scottish National Investment Bank are putting £100 million into the redevelopment of a Scottish port to handle offshore wind turbines, helping to scale up wind capacity in the North Sea, they announced on Monday.
Read More