Carbon prices to climb 50% over next decade following raised EU climate targets
Carbon prices across the European Union (EU) could increase by more than 50% over the next decade, with the bloc's proposed 55% reduction in emissions set to shape renewables and fossil fuel markets in the long-run, according to new analysis from the Refinitiv Carbon Research team.
Mark Carney assembles business giants in drive to scale carbon offsetting markets
Representatives from Unilever, Nestle, BP and Shell are among the members of a new private-sector taskforce aiming to scale up voluntary carbon credit markets, spearheaded by former Bank of England Governor Mark Carney.
EU carbon price to reach €32 by 2030, short of required price for UK's net-zero target
The International Emissions Trading Association (IETA) has published its latest carbon pricing forecast and vowed to lobby for the net-zero transition by 2050 at the latest, while the Zero Carbon Commission is t calling for a UK carbon price of £75 per tonne by 2030.
British Land targets net-zero portfolio by 2030
Property development and investment giant British Land has unveiled a sweeping new sustainability strategy, headlined by a 2030 net-zero target for its office and retail estate.
UK proposes national Emissions Trading System to replace EU carbon market
The UK Government has published new proposals on its individual UK-wide Emissions Trading System (ETS) that would replace the EU's carbon trading variant.
Carbon price: Tax polluters not people to assist coronavirus recovery, report urges
Carbon pricing aligned to the needs of the Paris Agreement can raise revenue to support the coronavirus recovery in a better way than a tax on income or labour, new research by the Grantham Research Institute on Climate Change and Environment at the London School of Economics and Political Science (LSE) has found.
Carbon tax rises 'could fund energy efficiency drive'
The government could siphon off a large chunk of the revenues from increased carbon prices to improve the energy efficiency of fuel poor households, according to a new report from the London School of Economics' Grantham Institute.
Clean transport, CCS and biodiversity championed in Budget 2020
BREAKING: Chancellor Rishi Sunak has today (11 March) unveiled a multi-billion-pound package to push the UK towards the net-zero emissions target in his first Budget - but has faced criticism for failing to end fuel duty freezes or cut roads spending.
EU could use carbon border tax against Brexit Britain, warns MEP
The EU could deploy a carbon border tax against the UK after Brexit, according to the head of the European Parliament's environment committee, if Westminster diverges from bloc rules on issues like carbon markets.
Report: Emissions trading reached record €194bn high in 2019
Globally, turnover related to emissions trading rose 34% year-on-year in 2019 to reach €194bn (£163bn), new research has revealed.
Carmakers renew calls for low-carbon revolution as grim sales figures loom
Some of the EU's largest auto players have called once for a mass rollout of electric vehicle (EV) recharging points and refuelling stations for fuels like hydrogen, as the industry offered up more clues as to how it intends to lessen its climate impact.
'Neutral is not enough': Microsoft pledges to become carbon-negative by 2030
Tech giant Microsoft has today (16 January) unveiled a bold new plan to reduce its carbon impact to below net-zero by 2030, with an additional goal of removing carbon from the atmosphere that the company has emitted since it was founded in 1975.
Europe's 'man on the moon moment': Green Deal to create world's first climate-neutral continent
European Commission President Ursula von der Leyen has unveiled 50 sweeping plans to enable the EU to reach net-zero emissions by 2050, claiming that the Green Deal was "more than just a vision, it is a roadmap for action".
European coal power output sees 'unprecedented' decline
Electricity production from coal is on track to fall by around 3% globally in 2019 - the largest drop on record - with Western European countries leading the charge, according to fresh data published today (25 November).
Energy giants call for post-Brexit carbon price certainty in 'Net-Zero Budget'
Energy giants Drax, Orsted and SSE have penned a joint letter to Chancellor Sajid Javid calling for the Government to outline post-Brexit carbon pricing mechanisms, warning that it is crucial to the resilience of business and acts as a key indicator for investors.
BP chief: Alternative to 'polluter pays' carbon tax can help meet net-zero
BP's chief executive Bob Dudley and group chief economist Spencer Dale believe that regional carbon prices that don't just tax the producers will enable the oil and gas giant to join the global transition to net-zero emissions, but neither were convinced of when that would happen.
Bentley achieves carbon-neutral certification at solar-powered Crewe plant
Bentley Motors' corporate headquarters and main manufacturing facility in Crewe has achieved carbon-neutral certification, with a solar-powered carport, green energy contracts and carbon offsets used to decarbonise the plant.
Unilever powered by 100% renewable electricity across five continents
Unilever has revealed that all its buildings across Africa, Asia, Europe, Latin America and North America are now powered by 100% renewable electricity.
Meeting net-zero requires 'rapidly escalating' carbon pricing, corporate leaders urge
Senior sustainability representatives at major corporates have called on national governments to implement "meaningful and rapidly-escalating" carbon pricing, in order to support businesses on the road to net-zero.
Climate change to shock steel sector profitability, report warns
The global steel sector is facing a vicious cocktail of climate impacts that could see water scarcity, global warming and an increased carbon price place more than 10% of the sector's economic value at risk, according to a new report from CDP.
Ovo Energy boss kick-starts campaign for general carbon charge
Ovo Energy's chief executive and founder Stephen Fitzpatrick has launched a new campaign aimed at bolstering the UK's emissions policies on the road to net-zero.
Official EU petition calls for minimum carbon price
The European Commission has registered an official petition that calls on the EU executive to set up a minimum carbon price, "discourage the consumption of fossil fuels" and keep global warming to below 1.5C.
IPCC chair: Global transition to net-zero 'not a burden' to the economy
The chair of the Intergovernmental Panel on Climate Change (IPCC), Dr Hoesung Lee, has dismissed fears from investors and nations that reaching net-zero emissions will place too much strain on the global economy.
Carbon pricing calls and rubbish-fired plastics plants: The sustainability success stories of the week
As part of our Mission Possible campaign, edie brings you this weekly round-up of five of the best sustainability success stories of the week from across the globe.
Report: Electricity generation carbon prices to treble by 2050
Carbon prices for electricity generation should more than treble by 2050 and VAT rates on domestic energy use hiked to help drive emissions off the grid, according to a new report.
DSM emissions goals approved by Science Based Targets initiative
Science-based reduction targets for greenhouse gas (GHG) emissions have been put in place by global nutrition, health and sustainable living firm Royal DSM.
How meeting the Paris Agreement will improve global economic growth
A new report has outlined that meeting the 2C target established as part of the Paris Agreement will improve global GDP and boost investment. Here, edie explores how nations can make this vision a reality.
Autumn Budget preview: Five green policy predictions ahead of Philip Hammond's statement
A new levy on plastic packaging? A watered-down carbon price? An increase to the Climate Change Levy (CCL)? edie previews the green-related announcements likely to be included in the Autumn Budget on Monday (29 November).
Sir David King: Urgent focus needed on climate 'restoration'
The UK Government's former chief scientific advisor Sir David King has called for a $150 carbon price to be implemented globally and for the UK Government to focus on a net-zero emissions policy for 2045 to start to "repair and restore" the climate.
Economy-wide carbon tax would create 'level playing field' for UK businesses
An economy-wide carbon tax is needed to reduce the cost of decarbonisation and level the playing field for the UK's heavy industry, according to a new report from think-tank Policy Exchange.
'High risk' meat and fish sector failing to combat climate-related business risks
More than half of global meat and fish suppliers have been labelled as "high risk", with new research warning that the sector is failing to manage sustainability issues such as greenhouse gas emissions and antibiotics stewardship.
EU's carbon market update clears final hurdle
The Council of the EU has given the final stamp of approval to an update to the European Union's Emissions Trading System (ETS), which hopes to help the bloc cut emissions by 40% by 2030.
Drop the C: Heineken outlines science-based targets ambition
Brewer Heineken has today (12 February) unveiled a new sustainability strategy that commits to ramping up renewable energy production, piloting an internal carbon price and setting science-based targets across distribution, cooling and packaging.
Parliament rubber-stamps EU carbon market reform
European lawmakers voted in favour of a deal to reform the EU's carbon market after 2020 on Tuesday (6 February), as well as bolstering prices in the bloc's flagship tool for reducing greenhouse gas emissions.
Capacity Market Auction: 'Bizarre' Government policies blocking renewables funding
The provisional results of the latest Capacity Market Auction were released by National Trust today (2 February), leading to the closure on a coal-fired power plant and concerns from the renewables sector that clean technologies are being blocked from finance.
Global companies call on nations to push for 'well-below' 2C Paris target
More than 50 global companies including Unilever, M&S and Adidas have called on nations meeting in Paris to discuss climate progress, to phase-out fossil fuel subsidies by 2025 and create the framework to limit global warming increases to well below 2C.
UK surges into top 10 low-carbon electricity rankings
Britain has for the first time entered the top 10 rankings of a league table which compares large and industrialised countries on the carbon content of power supplies.
Pricing mechanisms needed to secure renewable energy acceleration, report finds
Falling costs in renewable energy technologies has put the UK on course to meet its 2030 renewables development objective, but a higher carbon price market is needed to spur acceleration, a new report from global IT consultancy Capgemini has found.
Carbon price among policy wishlist issued by businesses at COP23
Members of the World Business Council for Sustainable Development (WBCSD), including the chief executives of more than 200 international businesses, have called for governments to collaborate with the private sector to set meaningful carbon prices and improve climate resilience.
Lord Stern: Flexible policy approach will catalyse low-carbon transition
Lord Nicholas Stern has called on governments across the world to implement "predictably flexible" policy frameworks that enable businesses to map investment opportunities during the transition to a low-carbon economy.
UK energy firms call on chancellor to boost carbon tax
Two of Britain's biggest energy companies have called on Philip Hammond to strengthen a carbon tax that has driven a dramatic collapse in coal power generation, arguing it is essential for the shift to cleaner energy.
Higher carbon price needed to phase out UK coal generation by 2025
Following plans with Canada to launch global alliance to encourage nations to phase-out coal use, the UK Government has been informed that a carbon price of £40 per tonne may be required to shut down all remaining coal plants by 2025.
CDP: Huge leap in multinationals adopting internal carbon price
A new CDP report has highlighted an 8-fold increase in the number of large multinational factoring an internal carbon price into business strategies over the past four years.