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

Low Impact

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. Read the report here BNEF-Climate-Policy-Factbook_FINAL.pdf (bbhub.io).

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Big Meat and Dairy Delegates Triple at COP28

DeSmogBlog

“With greater scrutiny over emissions from meat and dairy companies, it is not surprising they are stepping up their game to head off any COP outcome that might hinder their operations,” Ben Lilliston, from the Institute for Agriculture and Trade Policy told DeSmog. Meat isn’t the only industry under the spotlight.

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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 38
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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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'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. However, a number of significant green policy interventions are said to be under consideration.

Carbon 72
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COP26 sparks surge in carbon price, slide in coal shares

Business Green

Separately, Bloomberg reported that fossil fuel producers are also seeing a spike in the cost of capital driven in large part by international climate policy efforts. We look past this frustration (and current energy market conditions) and see ongoing incremental consensus in the need to reduce demand for fossil fuel.".

Carbon 69
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Petersberg Climate Dialogue: Green Covid-19 recovery set to top agenda at global summit

Business Green

The two-day Petersberg Climate Dialogue has long been a key event in the annual climate calendar, with environment ministers from around 30 countries typically coming together to thrash out priorities and preparations for the following United Nations COP climate summit.

COP 89