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LSE warns that less than 5% of global emissions that are covered under carbon pricing initiatives are priced at a level consistent with the aims of the Paris Agreement

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.

Using 33% of revenues for energy efficiency can ensure fuel-poor households are not adversely affected by carbon taxation

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.

The Budget outlined numerous focus areas for the Government's net-zero approach 

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.

Pictured: The Bełchatów Power Station in Poland. Image: CC BY 3.0/Unfortunately Named

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.

Pictured: The Cottam coal power station, which ceased generation in September 2019. Image: EDF 

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.

The ACEA represents carmakers including Ferrari, Groupe Renault and Volkswagen 

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.

Microsoft will launch a $1bn climate innovation fund, using its own capital, to help develop carbon reduction and removal technologies

'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.

European Commission President Ursula von der Leyen unveiled the strategy at a special session at COP25

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".

Pictured: One of RWE's coal-fired power plants in mainland Europe. Image: Greenpeace

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).

The energy companies have called for the CET to be set for 2020 and that it is comparable with recent EU ETS pricing

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's chief executive Bob Dudley and group chief economist Spencer Dale on stage at the One Young World summit

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 Motors installed a solar carport at the site, consisting of 10,000 solar modules. The array has a 2.7MW capacity covering 1,378 parking spaces

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.

The announcement builds on Unilever’s target of becoming carbon neutral by 2030

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.

Clockwise: Schneider Electric’s senior vice-president for sustainability Gilles Vermot Desroches, DSM’s vice-president for sustainability Jeff Turner, Salesforce’s vice-president for sustainability Patrick Flynn and We Mean Business chief executive Nigel Topping

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.

The current production techniques within the sector are already close to their efficiency limits, meaning radical innovation and new business models are required

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.

Carbon prices in the EU currently stand at about €27 per tonne. Image: Greenpeace EU

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.

Dr Lee noted the need for more robust carbon pricing. Image: IPCC

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.

This weekly round-up explores how businesses across the world are ramping up efforts across all areas of sustainable development

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.

The UK Government is currently deciding whether to legislate for a net-zero economy by 2050

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 is setting an ambitious target to reduce indirect value chain emissions by 28% per ton of product produced by 2030

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.

EU nations will benefit from a 1.1% rise in average GDP, according to the report

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.

edie has provided a round-up of the areas where Chancellor Philip Hammond could deliver for the green economy

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).

King also joined the growing list of experts and policy leaders calling of the UK Government to enshrine a net-zero carbon goal into law. Image: Foreign and Commonwealth Office

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.

A carbon divided would “lock in” political and public support for climate change action, the report states

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.

Six of the top ten supplier leaders are based in Europe

'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.

Since the ETS negotiations were brought to a close in November, the price of carbon has increased 25%

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.

The company had already reached its 2020 emission targets for production

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.

European carbon prices have risen 15% since negotiators first struck the deal in November and were trading at around €8.90 per tonne after the vote

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.

Less than 6% of this auction’s power reserve comes from renewables, while less than 2% is covered through energy storage. In contrast, coal secured an 8% share

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.

The statement calls on G20 nations to lead the transformation by “initiating and implementing” and “global paradigm shift” on an energy transition

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.

Experts say it will be vital for the Chancellor to maintain a “meaningful” carbon price in the Autumn Budget next Wednesday (22 November) if the UK is to meet its climate change pledges

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.

At a global level, the report claims that the evolution of generation and storage technologies makes the growth of renewables “unstoppable”

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.

Businesses are also pushing to provide input into the Facilitative Dialogue, which outlines what increased ambitions will be issued as part of the next round of NDCs. Image: BMUB

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 noted that businesses and government's weren't good at

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.

Both SSE and Drax need a healthy carbon price to ensure the economic case stacks up for their hopes of building new gas power stations

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.

Scrapping the carbon price support would reduce total electricity costs by around £2.6bn annually

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 notes that nearly 500 companies are potentially vulnerable to the effects of carbon pricing regulation through their failure to internalise the cost into their business

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.

Schroders estimates the current global price to be roughly $1.60 a tonne of CO2e

Carbon tax could wipe out polluters' profits in pursuit of Paris targets

More than $1.5tn (£1.2tn) in company profits worldwide could be erased by taxes required to meet the Paris climate agreement, according to analysis by Schroders.

The members are calling for a cap of 550g of CO2 per kwh for generators receiving capacity mechanism subsidies in the EU

Energy giants back calls to cut financial support for polluting powerplants

A coalition of thirteen energy industry firms, including Siemens, Shell and Total, have launched a new joint initiative to limit the amount of state aid subsidies that are sent to highly-polluting fossil fuel plants across the European Union (EU).

Europe's major utilities companies are

Power sector urged to adopt world's first investment-grade carbon pricing mechanism

Financial heavyweights including Bank of America, Barclays and Hermes Investment Management have teamed-up to introduce the world's first investment-grade carbon pricing system for the power sector, aimed at aligning company operations with a 2°C pathway.


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