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COP26 sparks surge in carbon price, slide in coal shares

Business Green

Bellwether coal firms saw shares slide on Monday, while EU carbon prices leapt to a record high of over €66 a tonne. We look past this frustration (and current energy market conditions) and see ongoing incremental consensus in the need to reduce demand for fossil fuel.". Prices of EU Allowances (EUAs) rose 5.5

Carbon 69
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£3.3 trillion fossil fuels subsidies by G20 countries since Paris Climate Agreement

Low Impact

All governments, including the UK, are telling us that they’re laser-focused on reducing carbon emissions. The catasrophic tar sands extraction and fracking industries have subsided for the moment, with the fall in demand and price of oil, but they’ll be back once they’re profitable again. How are they doing?

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'Carbon tested' Budget: Treasury mulls incentives for green home upgrades and electric cars

Business Green

The government is expected to unveil a raft of major new green programmes as part of next month's Budget, as Ministers move to "carbon test" new policy measures against the UK's net zero emissions target.

Carbon 72
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What business needs from COP26 to deliver on global climate goals

Business Green

Sophie Punte from the We Mean Business Coalition sets out the top demands from business leaders at the Glasgow Climate Summit. The decisions included in the Glasgow Package will have a major impact on the global economic recovery, jobs and business growth opportunities. This is because business is demanding clearer policies.

COP 39
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'Pace of delivery must be relentless': CBI issues net zero warning to government

Business Green

Business lobby group chief Tony Danker ramps up rhetoric demanding government deliver raft of missing net zero policy on heating, hydrogen and transport. These various targets have been supported by number of policies and investments, such as support for new electric vehicle charging infrastructure and new zero carbon home standards.

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COP27: Summit edges towards deal on Loss and Damage, but tensions remain

Business Green

If approved, the package would be widely regarded as a major breakthrough that could deliver significant new funding for the most climate vulnerable nations. And the suggested text invites parties to "consider further actions to reduce by 2030 non-carbon dioxide greenhouse gas emissions, including methane".

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Government sets out plans to cut taxes on flights within UK

Business Green

The French government recently won plaudits for reportedly making bailout packages for airlines conditional on the scrapping of some short haul routes where rail offered a viable alternative. Demand for domestic flights is very price sensitive. Cost goes up and demand little changed - no change in CO2 [link].