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Government sets out plans to cut taxes on flights within UK

Business Green

Proposals to cut taxes on domestic flights within the UK while potentially increasing the duty paid on long-haul international aviation have been unveiled by the government today, in a move it claimed would help better support the UK's climate and environmental commitments. Domestic aviation accounted for 1.4

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? Blackrock’s $550M DAC bet #174

Climate Tech VC

Meanwhile, Michigan approves a bundle of clean energy bills, the UN irons out details for the "loss and damages" fund ahead of COP, and Flexport launches a book and claim model for SAFs.  Tech-enabled credits continue to constitute a big chunk of an anticipated $1T voluntary carbon market , and Oxy is on a development frenzy.

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Taking the positives from COP26

Business Green

The previous timetable for updating NDCs would have meant they would only have been improved once or maybe twice before the available carbon budget for 1.5C A precedent is being set with a new loss and damage framework taking shape and the first, albeit modest, funding packages being announced. of warming was completely burned through.

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Next Prime Minister to face legal requirement to beef up Net Zero Strategy

Business Green

The Strategy was also criticised for failing to provide sufficient detail on how the government planned to tackle emissions from certain sectors, such as farming and land use and aviation. Sunak also hinted that he wanted to see more investment in natural carbon sinks, describing peat restoration as a "pet project".

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Behind the scenes at the IMO's latest meeting: Are governments all at sea with their first post-COP26 climate test?

Business Green

They call on countries to deliver a 40 per cent reduction in the carbon intensity of shipping by 2030 and halve the sector's absolute emissions by 2050, compared to a 2008 baseline. If the recent COP kept 1.5 aligned carbon levy, despite the idea being endorsed by dozens of governments at COP26. This is unacceptable.

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From net zero factions to sewage spills: 10 green questions for the new Prime Minister

Business Green

What's in the energy support package, and who is going to pay for it? A sweeping support package has been promised, potentially worth up to £100bn, but what will be in it and why were these proposals such a closely guarded secret throughout the leadership campaign?

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UN Secretary-General: Coal has no place in COVID-19 recovery plans

Business Green

UN Secretary-General António Guterres has today issued a stark warning that too many governments and businesses "have still not got the message" and risk engineering a carbon intensive recovery from the coronavirus crisis. Others have chosen to jumpstart coal-fired power plants that don't make financial or environmental sense.".