UK 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 MoreCF TURKIYE: Turkish renewables projects dampened by voluntary market woes
Turkish renewable energy companies say they are struggling to develop projects because of the high costs, long timelines, and administrative burdens of certifying their emission reductions, combined with the low prices and uncertainty in the voluntary carbon market.
Read MoreExtending UK ETS to heating and road transport would cut emissions -report
Expanding the UK carbon market to cover heating and road transport fuels could help to reduce emissions significantly, but further measures are needed to offset the cost to lower-income households and reach net zero emissions by 2050, according to research published Thursday.
Read MoreEU green steel scale-up is stymied by higher cost of materials, study finds
Inflation behind sustainable supply chains is threatening the economic viability of producing green steel in Europe, requiring far higher taxes or incentives to drive the shift from grey steel, or more imports of iron ore, according to research published on Thursday.
Read MoreOil and gas, agriculture lobbying to weaken international methane rules, NGO claims
The oil and gas and agriculture industries are consistently, and successfully, lobbying to weaken regulations to cut methane emissions worldwide, an NGO claims in research published on Thursday.
Read MoreLondon Metal Exchange looks to help aluminium market prepare for EU’s CBAM
The London Metal Exchange has kicked off a consultation on how to integrate the EU Carbon Border Adjustment Mechanism (CBAM) requirements into its rules, in order to help the aluminium market and value chain adapt, it announced on Wednesday.
Read MoreINTERVIEW: Kenya, US are attractive destinations for upstart DAC developer
Kenya is a top destination for carbon removal projects because of its wealth of renewable energy and natural resources, while a supportive regulatory environment makes it and the US attractive destinations for investment, according to a direct air capture (DAC) developer .
Read MoreUK aviation needs more incentives to cut emissions, experts say
UK aviation has a number of potential routes for decarbonising — from jet fuels to operational changes — but stronger policy is needed to incentivise and accelerate the shift in an industry where growing demand will otherwise push emissions upwards, industry experts said during a webinar on Tuesday.
Read MoreEU Green Deal and competitiveness go hand-in-hand, Commission boss von der Leyen says in candidate debate
European Commission President Ursula von der Leyen sought to frame climate action and economic competitiveness as inextricably linked, in a debate on Monday with rival candidates for the EU executive body’s next leader.
Read MoreBRIEFING: Scottish govt’s collapse over scrapped climate targets represents warning for policymakers
The Scottish government’s collapse on the heels of a shelved emission target highlights the need for policymakers to back their targets with concrete action in the near term – or risk losing public backing both from supporters and opponents of climate action, according to analysts.
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