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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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.

The global biodiversity funding gap could surpass $824bn by 2030, Global Canopy warns

Governments urged to redirect $1trn of 'planet-wrecking' subsidies to nature conservation and restoration

Governments collectively funnel more than $1trn of subsidies into businesses that harm nature, including fossil fuel majors, mining giants and industrial agriculture, every year.

Environment ministers want more done to guarantee renewable production and to support local businesses in the hydrogen supply chain

Five EU countries object to bloc's latest hydrogen 'manifesto'

Austria, Denmark, Luxembourg, Portugal and Spain have issued a joint letter calling on the EU to clearly prioritise renewable energies under an EU-led project aiming to accelerate hydrogen deployment, research and infrastructure.

Under some scenarios being explored by the Government, solar PV capacity could reach between 80-120GW of capacity

Government ponders 120GW of solar to help reach net-zero

On the same day that the Energy White Paper was unveiled, the Government also launched a new consultation on how financing and deployment of renewable technologies can accelerate action towards net-zero, with up to 120GW of solar capacity mooted as a means to quadruple green energy nationally.

The latest draft text, obtained by EURACTIV, “significantly weakens the priority given to renewable hydrogen,”

Renewable or 'low-carbon'? EU countries face off over hydrogen

EU member states are fighting over which type of hydrogen to support, with two opposing camps facing off: those backing green hydrogen produced exclusively from renewable electricity, and those in favour of a broader "low-carbon" definition, which also includes nuclear power and decarbonised gases.

Greta Thunberg and other youth activists have vocally criticized the decision

Common Agricultural Policy to remain part of EU's biodiversity funding, despite criticism

The Common Agricultural Policy (CAP), voted on this week in the European Parliament and Council, will remain by far the biggest funding source for biodiversity protection schemes at EU level, despite claims that it has encouraged intensive and damaging farming.

The end game, regardless, would be to achieve climate neutrality by 2050

EU lawmakers up the ante, vote for 60% climate target for 2030

The European Parliament's environment committee has voted for a new EU-wide target to reduce carbon emissions 60% by 2030, setting the stage for tough negotiations with EU countries and the European Commission, which is expected to propose a 55% goal next week. EURACTIV Germany reports.

Once the new facility comes online, Amazon will be Ireland's largest corporate renewable energy purchaser. Image: Amazon Web Services

Amazon finances 115MW wind farm to power Irish data centres

Amazon has committed to source 100% of the power generated by a new 115MW onshore wind farm in County Galway, Ireland, as it strives to reach 100% renewable electricity by 2030.

Output over the three-month period was 19% higher than the previous peak

Report: Europe recorded record solar output amid Covid-19 lockdowns

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The ESG Handbook 2020: Spurring the green recovery

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Macquarie issues joint venture on 1GW solar and battery project pipeline

Macquarie's Green Investment Group (GIG) has announced a new UK joint venture with Enso Energy to create one of the largest solar and battery portfolios that will enhance the biodiversity on each project site.