DEFINITION: A Government programme introduced to help renewable electricity generators overcome the cost disadvantages of installing and operating renewable energy technology. If a householder, community or business has an eligible installation (less than 5MW), FITs pay them a subsidy for the electricity they generate, as well as a bonus for any electricity exported back to the grid.
Failure to tackle cost-of-living crisis could derail UK's net-zero transition, Institute for Government warns
The current cost-of-living crisis, largely driven by energy price hikes, is the "most immediate threat" to the UK's delivery of its long-term climate targets, according to a new policy briefing.
How will the energy price crisis affect UK Plc's net-zero transition?
As the energy price crisis rolls on, arguments for and against renewable energy and green subsidies are becoming increasingly politicised. Where will this leave UK businesses seeking to align with - or get ahead of - the nation's 2050 net-zero target?
MPs slam Defra's handling of new farming subsidy schemes, call for urgent clarity on environmental benefits
UK Ministers are being accused of failing to provide enough information about how new post-Brexit farming subsidies will contribute to national environmental goals, or see farmers fairly compensated for their work.
The Net-Zero November 2021 summary report
This report summarises all of the key announcements and discussion points from edie's Net-Zero November 2021 campaign; acting as a blueprint for business leadership as we begin to move from ambition into action in 2022 and beyond.
UK farmers to be paid for soil stewardship from 2022, but green groups warn subsidy scheme isn't enough
The UK Government has confirmed that farmers will receive payments for improving and conserving soils and grasslands from next year, but is facing criticism over the scheme, with green groups saying it does not pay enough or have a broad enough remit.
Climate Change Committee: UK Government needs to 'raise ambitions' on reaching net-zero
The UK's climate watchdog has called on the UK Government to deliver a "genuine increase in ambition" to reach the measures detailed in the new Glasgow Climate Pact at COP26, including the submission of new emissions targets, rewriting the tax system to phase-out fossil fuels and strengthening international collaboration between countries.
UK Government unveils £4.3m subsidies for domestic flights, despite green backlash
Just weeks after cutting air passenger duty for short-haul flights, in a move broadly dubbed hypocritical in light of national net-zero targets, the UK Government has announced up to £4.3m in additional funding for domestic flight routes.
Glasgow Climate Pact: The 7 key talking points from the new global deal at COP26
As the dust settles on COP26 in Glasgow, people are still getting to grips with the new Glasgow Climate Pact and what that means for the global climate movement. Here, edie outlines seven key talking points (not all of them bad) from this historic new announcement.
Updated COP26 draft plan waters down key language on fossil fuels and NDCs
With negotiations scheduled to finish later today (12 November) at COP26, a new draft plan has been unveiled with subtle yet important changes, such as "requesting" that nations submit updated climate plans by the end of 2022, but has watered down facets on fossil fuels.
Fossil fuel phase-outs and new climate action plans remain in COP26 final draft, with strings attached
COP26 President Alok Sharma had unveiled a final draft proposal for negotiations, with key measures to raising climate ambitions by the end of 2022 and the phase-out of "inefficient" fossil fuel subsidies surviving in the texts.
Activists in the boardroom: The Body Shop's Youth Council on the future of sustainable business
At COP26, the Body Shop explored how a youth council could ensure that younger generations had their voices and issues heard by decision makers. Here, edie summarises what this youth council wants to see from businesses moving forward.
COP26 draft plan: Countries urged to submit and strengthen climate plans
The COP26 Presidency Unit has published the draft "cover decision" of negotiations at the summit so far, calling on nations to "revisit and strengthen" their 2030 climate targets by the end of 2022 in order to keep any chance of reaching the 1.5C pathway of the Paris Agreement alive.
COP26: Rishi Sunak vows to make UK 'world's first net-zero financial centre'
Chancellor Rishi Sunak has spoken of the UK's vision to help "rewire the global financial system fir net-zero" at the inance day of COP26 outlining plans on sovereign green bonds and corporate climate disclosures.
Nations on course to breach Paris Agreement targets through rising fossil fuel production
The world is on course to produce around 110% more fossil fuels than what is compatible with a 1.5C future, according to a new UN report warning that governments plan to double fossil fuel production by 2030 despite setting net-zero targets.
45-minute masterclass: Seizing the net-zero opportunity of ESOS Phase 3
This 45-minute masterclass will help your business stay ahead of the curve with the third phase of the Energy Savings Opportunity Scheme (ESOS), and identify fresh opportunities to align energy audits with net-zero targets
Finance giants to G20 leaders: Close policy loopholes to end financing for activities that will derail net-zero
An alliance of finance giants collectively representing $90trn in assets is urging G20 nations to end fossil fuel subsidies, bolster carbon pricing and introduce new climate mandates for businesses, to ensure long-term net-zero pledges are credible.
Banks linked to $800bn in annual nature destruction, report warns
A new report has warned that lending activities from public development banks is linked to around $800bn in annual damage to nature and ecosystems, according to a new report that is calling on banks to run stress tests on nature-related financial risks.
Business giants call on G20 to strengthen climate commitments
Some of the world's largest businesses, including Unilever, Netflix and Volvo, have written to the G20 calling on nations to strengthen climate targets and deliver on climate finance commitments in the build-up to COP26.
US doubles climate finance to $11bn as China pledges an end to overseas coal support
With less than two months to go until COP26, the world's two largest emitters - China and the US - have both announced landmark agreements that look set to bolster climate finance availability and drastically reduce the pipeline for overseas coal projects.
Investors call for stronger global biodiversity framework to be delivered at COP15
A group of investors worth more than $10.6trn in assets under management has issued a statement ahead of the Convention on Biological Diversity's COP15 next month, calling for heightened global action to end deforestation and ensure sustainable land use.
Investors spell out net-zero expectations for oil and gas sector
A host of global investors, worth a collective $10.4trn in assets under management, have engaged with the likes of BP and Shell to lay out expectations as to how the oil and gas sector should transition to net-zero emissions.
Tesco to subsidise more sustainable livestock feed for dairy farmers
Tesco is piloting a new scheme for UK-based dairy farmers, whereby they receive subsidies for growing more sustainable feed.
Renewable energy investments reach new heights for first half of 2021
Investment into clean energy projects and companies swelled to $174bn in the first half of 2021, with record levels of public market financing offsetting a decline in renewable project investments.
Almost half of world nations fail to submit updated climate plans ahead of COP26
A little over half of the world's nations have submitted updated climate action plans ahead of the crucial climate summit in Glasgow later this year, with the UK now pressing for the likes of China and India to outline decarbonisation plans.
EU's green hydrogen plans hailed as 'true game-changer' by industry
The European Commission boosted regulatory support for green hydrogen in its proposed overhaul of climate legislation published last week, with the renewable hydrogen coalition calling it "a true game changer" for the nascent EU industry.
G20 nations have funnelled $3.3trn into fossil fuel subsidies since 2015, BNEF reveals
G20 member countries collectively allocated subsidies topping $3.3trn to the oil, coal, gas and fossil-fuelled electricity generation sectors between 2015 and 2019 - a level incompatible with the Paris Agreement.
National Food Strategy presses UK Government to clarify environmental incentives for farmers post-Brexit
With the food system accounting for 20% of the UK's domestic emissions and driving biodiversity loss, the Government must urgently clarify plans for implementing the Agriculture Bill and for preventing imports produced using lower environmental standards.
Business reiterate Brazil boycott as nation urged to set deforestation-linked bonds
Nando's, Ocado and the Woolworths Group are the latest businesses to have signed a letter urging Brazilian policymakers to reject a new land-use proposal that could further spur deforestation in the Amazonian region, with a new report urging the nation to link efforts to combat deforestation to sovereign bonds.
Stop subsidising Drax's biomass operations, UK's biggest green charities urge Government
Greenpeace, Friends of the Earth and The Wildlife Trusts are among the coalition of green groups urging the UK Government to end subsidies for industrial-scale biomass projects, including Drax's power plant in North Yorkshire.
HP and JBS issue sustainability-linked bonds to drive towards net-zero
The world's largest protein producer, JBS, has announced the issuance of a $1bn sustainability-linked bond tied to net-zero targets, while technology firm HP has unveiled its sustainable bonds framework.
UK’s largest community-owned solar park to come online next year
The Ray Valley Solar project in Oxford is expected to come online next autumn, after Triodos Bank confirmed lending for what is expected to be the UK’s largest community-owned solar park.
'Unlawful and irrational': UK Government taken to court over oil and gas subsidies
Environmental campaigners have launched a legal challenge against the UK Government, arguing that its continued support for expanding oil and gas production in the North Sea is incompatible with its climate laws and commitment to 'levelling up'.
'A credible path to net-zero': Green groups react to UK's Sixth Carbon Budget
The Government will seek to reduce emissions by 78% by 2035 as part of a new Sixth Carbon Budget, a decision that has been welcomed by green groups, although some are calling for more detailed action plans.