UK ETS: Post-Brexit carbon market opens for first time with carbon price topping £50 per tonne
The UK's carbon price has hit £50 as the nation's post-Brexit emissions trading scheme (ETS) opened for the first time on Wednesday morning (19 May).
More than one-third of large companies putting a price on carbon internally, CDP finds
A survey of some 6,000 large businesses on carbon pricing has revealed that more than one-third are using an internal carbon price or are planning to implement one by 2023.
Report: China's carbon neutrality goal only achievable with major coal phase-out
If China is to meet its 2060 ambition of carbon neutrality, announced last year, it must shut hundreds of gigawatts of coal generation and reform emissions trading as a priority, a new report has revealed.
Emissions covered by EU pricing markets fell 12% in 2020
Emissions regulated under the European Union's (EU) carbon market decreased by more than 12% last year, with the coronavirus severely limiting energy demand and industrial output.
Tax Day: Treasury will review controversial proposals for aviation duties
The Treasury has provided more than 30 updates to tax rules in the UK, but has stopped short of providing VAT breaks for energy-efficient and resource-efficient materials and business models that many had hoped for.
edie Explains: Biodiversity and Business
What is the relationship between biodiversity and business? What are the operational challenges and opportunities surrounding biodiversity? And what steps can be taken to reverse nature loss and restore natural habitats? This free edie Explains guide answers all of those key questions and more.
'Another vital step to net-zero': Green economy reacts to the Industrial Decarbonisation Strategy
The UK Government has unveiled a new Industrial Decarbonisation Strategy that will spur rapid decarbonisation across industry, the public sector, construction and manufacturing. But do green groups believe the strategy will put the nation on course for net-zero by 2050?
UK government confirms interim environmental watchdog and emissions trading scheme launch
The UK Government has confirmed that England's post-Brexit environmental watchdog will launch in July on an interim basis and that its domestic emissions trading scheme (ETS) will launch in May.
Will the 2021 Budget help the UK deliver a green recovery?
Chancellor Rishi Sunak will deliver his second Budget on 3 March. But, faced with the challenge of supporting the economy as the UK completes its lockdown exit roadmap, will the Budget deliver an appropriate response to the climate and nature emergencies?
Global carbon market grew 20% in 2020
The valuation of the global carbon market grew 20% in 2020, totalling almost €230bn and the fourth consecutive year of record growth, new research has found.
UK carbon trading scheme 'leaves many questions unanswered'
As the UK takes its first steps away from the EU, there are still plenty of open questions about how it will align with Europe on climate policy, and in particular, with the EU's flagship emissions trading scheme (ETS).
China 'preparing to launch its first emissions trading scheme'
The Chinese government is drawing up the first emissions trading scheme in the nation's history, after it committed to carbon neutrality by 2060.
Net-zero impact on UK economy to be 'relatively small', Treasury finds
The HM Treasury has published a final report in the build-up to a Net-Zero Spending Review, claiming that the transition to meeting the UK's long-term climate goals could deliver "slightly positive or slightly negative" economic growth for the UK, depending on how decisive policy action is.
Five things you need to know about the Energy White Paper
After months of delays, the UK Government finally unveiled its Energy White Paper on Monday (14 December) detailing how an overhaul to transport, energy and infrastructure will deliver an "overwhelmingly decarbonised power in the 2030s" on the road to net-zero by 2050.
An 'undisputed urgency to act': Green economy reacts to the Energy White Paper
The Government has unveiled the long-awaited Energy White Paper today (14 December), with green groups welcoming the focus it provides to both job growth and rapid decarbonisation in order to reach net-zero emissions by 2050.
Energy White Paper: Government confirms £6.7bn warm homes package and UK ETS
The UK Government has finally released its Energy White Paper, detailing steps to deliver "overwhelmingly decarbonised power in the 2030s", with a new £6.7bn support scheme to be set up to tackle fuel poverty and a UK variant of the Emissions Trading Scheme to be introduced.
'We can do it!': EU chief announces 55% emissions reduction target for 2030
European Commission President Ursula von der Leyen has confirmed plans to target a 55% cut in greenhouse gas emissions by 2030 as part of a broader European Green Deal programme aimed at reaching "climate neutrality" by mid-century.
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.
edie Explains: The Green recovery
What is the green recovery? Where does business sustainability fit into its wider context? What is happening at a policy level? And what does the future hold for green recovery efforts? This edie Explains guide answers all of these questions and more.
edie Explains: Scope 3 carbon emissions
What are Scope 3 emissions? How are they calculated? How can they be mitigated and reduced? And, what are the business benefits of doing so? This free edie Explains guide gives you everything you need to know.
MEPs set to navigate shipping into the EU's carbon market
Members of the European Parliament's environment committee (ENVI) will vote on Tuesday (7 July) on a package of measures intended to clean up the maritime sector and to include shipping in the EU's Emissions Trading System (ETS).
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.
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.
Mission Possible: Achieving a sustainable future for RETAIL
edie’s insight report series provides an in-depth exploration of the steps that sustainability and energy professionals within Britain's retail industry can take to achieve a sustainable future, today.
The Sustainability Reporting and Communications Handbook 2020
Launched during edie’s Engagement Week (4-8 May), the Sustainability Reporting and Communications Handbook 2020 provides readers with expert advice when it comes to relaying the importance of sustainability to key stakeholders; along with fresh insights to create, deliver and share a compelling sustainability report.
Polluters see coronavirus as chance to lobby against climate policies
Corporate lobbying groups have been accused of “taking advantage” of the chaos caused by the coronavirus outbreak, with oil and gas groups and automotive coalitions found to have been calling for relaxed or postponed environmental regulations as response mechanisms to the virus.
Everything you need to know about the EU's new Circular Economy Action Plan and Industrial Strategy
The European Commission has today (11 March) unveiled its Circular Economy Action Plan, a sweeping set of commitments aimed at ensuring that circularity and resources efficiency acts as a "prerequisite for climate neutrality" in line with the European Green Deal and Industrial Strategy.
EU starts to chart shipping's new green course
The shipping industry will soon have to pay for its environmental impact in the EU, as both the European Commission and Parliament are moving forward with plans to include vessels in the bloc's flagship carbon market. But there are choppy waters ahead.
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.
8 steps for overcoming the behavioural change challenge
During the SPARK 2.0 event, energy and sustainability professionals discussed the barriers to behaviour change and how businesses could harness the wider awareness of the climate strikes to engage all staff members on the need to manage energy use.
'A far cry from what science tells us is needed': COP25 reaches 'disappointing' conclusion
Green campaign groups, UN officials and business representatives have expressed disappointment after two weeks of negotiations at COP25 came to a close today (15 December), almost two days behind schedule.
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".
Greta's arrival and carbon offsetting clashes: What happened on days 2 & 3 of COP25?
COP25 - the UN's annual two-week-long climate summit - is now well underway in Madrid. Here, edie rounds up all the key news and views from the second and third days of the event.
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.
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.
In action: Anesco's subsidy-free solar farm supported by a storage floor price
Renewable energy firm Anesco is working with EDF Energy and it's tech partner, Upside Energy, to introduce an industry-first guaranteed floor price for revenue from the battery storage units operating at the first subsidy-free solar development in the UK.
Ryanair becomes first non-coal company to rank among Europe's top ten carbon emitters
Irish airline Ryanair was the EU's ninth highest corporate carbon emitter in 2018, making it the first corporate without holdings in coal-fired power plants to ever rank within the bloc's top 10 most emitting firms.
CCC advises government against rolling over carbon budget surplus
The Committee on Climate Change (CCC) has issued "unequivocal advice" to the government not to carry forward an emissions surplus from the second carbon budget to subsequent accounting periods.
edie Explains: Onsite generation
Is onsite energy generation right for your business? What are the technology options and how do you choose the right one? This edie explains business guide, produced in association with Centrica Business Solutions, has the answers.
Report: EU carbon prices could hit €40 over next five years
European Union (EU) carbon prices could more than double to €40 per tonne between 2019 and 2023, spurring the transition away from coal power across the bloc.
China, EU reaffirm Paris climate commitment, vow more cooperation
China and the European Union on Monday reaffirmed their commitment to the Paris climate change pact and called other signatories to do the same, saying action against rising global temperatures had become more important than ever.