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In numbers: Inside the booming global green hydrogen market

…the biggest user will be the transport sector, predominantly for hard-to-electrify modes of transport such as shipping. The green hydrogen economy could benefit from policy actions and regulatory support at…

IEA: Global oil demand set to peak in 2028

…after. 2028 is the last year that its new medium-term analysis, published today, covers. “The shift to a clean energy economy is picking up pace, with a peak in global…

Report: Wasted wind power costing Britain £1.5bn

…you’re not providing those tax cuts elsewhere in the economy. Even with the windfall tax in place, the oil and gas companies are generating record-breaking profits. Meanwhile, renewable investors are…

MPs reportedly planning to U-turn on new coal mine bans

…to ignore this advice and continue delaying the urgent transition to a zero-carbon economy needed to secure a safe, green future.” Energy Bill: A timeline Following on from the British…

EU environment ministers greenlight position on Nature Restoration Law

…Sinkevičius. “In so many ways, the Nature Restoration Law is not only an environmental agenda. It’s about long-term investment in natural capital that feeds our economy and improves our wellbeing….

Therese Coffey calls on businesses to ‘shape efforts’ to deliver global nature goals

…research outlining nature-related financial risk estimates and the impact that the climate and ecological crises could have on the UK economy. Coffey confirmed that a pilot phase of the GFI’s…

Lack of ‘coherent plan’ jeopardising UK’s net-zero power grid target, MPs warn

…has now long been understood and accepted that greening our economy is an existential priority, with the Government setting itself the target of securing an entirely low-carbon power supply by…

IEA: Clean energy investments in the Global South must triple within a decade

…Fatih Birol. “Investment is the key to ensuring they can benefit from the new global energy economy that is emerging rapidly.” Financial architecture At least $80bn of the $2.8trn will…

How can manufacturers invest in innovation for net-zero?

…webinar on 28 June Technological innovation is arguably the most critical enabler of the global transition to a net-zero carbon economy. But which technologies are most viable and will have…

New global climate finance pact: What was (and wasn’t) agreed in Paris?

…to each country is determined in part by the size of its economy: the richer the country, the more SDRs it can claim, while poorer countries can only access a…

Steel industry implored to stop investing in coal-fired blast furnaces

…part of a thriving zero emissions economy, but ambition and action are needed now, not in 2049,” said SteelWatch’s director Caroline Ashley. Prior to setting up SteelWatch, Ashley was the…

CCC: UK’s progress towards net-zero ‘worryingly slow’ despite deluge of policy promises

…binding 2050 emissions goals and its interim carbon budgets. While the Committee has praised the Government for bringing forward new details of its plans to decarbonise the national economy, it…

CCC Progress Report: Are any UK sectors on track to meet net-zero?

…These are plans that have funding, enablers and timelines in place. There are other parts of the economy that do have strategies and plans to decarbonise, but the CCC claims…

World Economic Forum launches global green aviation initiative

…to fulfil their potential as clean energy hubs and standard-bearers for the net-zero economy.” According to the International Energy Agency (IEA) report, aviation accounted for more than 2% of global…

UK pension funds still holding £88bn in fossil fuels, despite increased climate commitments

…to engage with high-carbon sectors can build up reputational risk for pension funds. It is pointing to the financial risks associated with fossil fuel firms as the global economy decarbonises,…

Zac Goldsmith steps down, says PM Is ‘uninterested’ in tackling climate crisis

…setting its net-zero target in 2019, “been the driving force behind successful global efforts” to create a new biodiversity treaty. It has also been the first major economy to mandate…

Fashion brands pledge to use first industry tool for science-based nature targets

…and apparel industry to play its part in building a nature-positive economy. The CEOs and companies who move without delay will reap the benefits – and so will their investors.”…

UK has ‘significant’ policy and funding gaps for climate resiliency

…UK through the lens of the climate crisis. Risks and opportunities cover nature, infrastructure, economy and society. The UK’s climate watchdog, the Climate Change Committee (CCC), warned in March that…

Net-Zero Awards 2023: Meet the Judges

In May, edie announced the launch of the Net-Zero Awards, specially created to recognise and reward the individuals and organisations that are spearheading the transition towards a net-zero carbon economy

‘Feeble and inadequate’: Government taken to court again over net-zero plans

…more frequent. The good news is that building a green economy won’t just slash emissions; it will also create new jobs, boost energy security and help tackle the soaring cost-of-living.”…