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The report outlines how oil and gas firms could change their investment approaches in line with the Paris Agreement

IEA: Oil and gas firms investing less than 1% of funds in low-carbon transition

Of the investments collectively made by the world's largest public, private and state-owned oil and gas giants in 2018, less than 1% went towards low-carbon activities such as building renewable energy infrastructure or installing carbon capture, usage and storage (CCUS) technologies.

Drax Power Station, near Selby, North Yorkshire, has converted three of its six units to burn wood pellets

Drax halves carbon emissions

Power giant Drax has cut its absolute carbon emissions for the first half of 2019 by 52%, compared to the same period last year.

This week's innovations could spur positive changes within the transport, plastics and renewable energy sectors

Squid protein plastics and carbon capture breakthroughs: The best green innovations of the week

Every week, numerous eye-catching and potentially transformational innovations are being developed to help businesses and nations turn energy and sustainability ambitions into actions Here, we round-up six of the best from the past seven days.

Drax Group, which commissioned the research, recently began its six-month CCS pilot scheme in Yorkshire (pictured)

Report: UK among nations leading the world's low-carbon transition

When it comes to implementing policies and fostering corporate leadership ambitions which help reduce emissions and mitigate the negative effects of climate change, the UK has adopted a leadership position that is second only to Denmark.

Since 1996, Interface has reduced its cradle-to-gate carbon emissions from products from an average of 20kg per square metre to around 7kg

Interface unveils 'carbon-negative' carpet tile prototype

Using innovative plant-derived materials, global flooring manufacturer Interface has unveiled a first-of-its-kind carpet tile with a negative carbon footprint.

The SNP manifesto contains a pledge to press the UK Government to match Scotland’s commitment and ambition in the low-carbon sphere

SNP manifesto: Environmental protections, onshore wind support and carbon capture leadership

The Scottish National Party (SNP) has pledged to strengthen Scotland's environmental protections as the Party's newly released manifesto calls for a second independence referendum to be held "at the end of the Brexit process."