Feed-in-Tariffs (FITs)

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.

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Parliament has been back for less than two weeks and, already, pressure is mounting over net-zero policy gaps

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.

Wholesale gas and electricity prices in the UK are currently more than twice as high as they were this time last year

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?

The report urges Defra to ensure the new schemes don't repeat the past mistakes of the EU's CAP. Pictured: A sheep farm in Yorkshire

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.

The new payments will be offered in England only

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.

Following COP26, the CCC has called on the UK Government to strengthen domestic and international approaches to reaching net-zero

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.

Pictured: Cornwall Airport, Newquay

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.

Image: UNClimateChange flickr

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.

Regardless of language, nations will likely be asked to submit new 2030 actions plans next year. Image: UNClimateChange

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.

Image: UNClimateChange flickr

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.

The Youth Council was unveiled at COP26

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.

The documents set up a tense negotiating period at Glasgow

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.

Image: HM Treasury. CC BY-NC-ND 2.0 https://www.flickr.com/photos/hmtreasury/51632672881/in/album-72157720073583763/

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. 

UNEP found that governments plan to produce more than double the amount of fossil fuels in 2030 than what would be consistent with limiting global warming to 1.5C

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

G20 leaders are meeting in Rome on October 30-31, ahead of COP26

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.

More than 40% of the total $11.6trn in assets across PDBs is “highly dependent on vulnerable ecosystems” 

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.

The letter calls for the immediate end to new coal power development

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.

The two landmark announcements are a timely boost going into 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.

World leaders are set to discuss a global biodiversity framework next month, as part of virtual CBD negotiations

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.

The investors will now launch a pilot programme to trial the standard with volunteering businesses including BP, Eni, Repsol, Shell and Total

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 is expecting to see benefits in terms of improved soil quality, reduced water consumption and a boost for biodiversity

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.

A decline in wind investments was offset by offerings from renewable energy firms

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.

As hosts of COP26, the UK is expected to encourage, or indeed pressure, other nations to submit raised climate action plans ahead of COP26 this November

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.

Reaching the EU’s 2030 climate goal will require a significant build-up in the production of renewable electricity, which is needed to feed the electrolysers generating green hydrogen

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.

Pictured: The San Juan Generating Station, one of the US's 241 coal-fired power plants

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.

The Strategy marks the first major review of the UK’s food system for 75+ years

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.

Policymakers are discussing the controversial reforms this week

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.

Pictured: Drax's power plant in Selby, North Yorkshire

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.

More and more companies are linking the performance against sustainability targets to loans and bonds

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.

Low Carbon Hub believes that surplus energy produced from Ray Valley Solar will create more than £10m of community benefit funding

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.

Pictured: A semi-submersible oil rig off the coast of Aberdeenshire 

'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'.

The new target will become enshrined in law by the end of June 2021

'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.