Archive

Pension funds must do more to push for low-carbon transition, says Lord Deben

The chair of the influential UK Committee on Climate Change (CCC) said the financial sector is beginning to take environmental concerns more seriously, but more has to be done.

UK government launches COP26 after sacking president

The UK government's launch of the UN Climate Summit, to be hosted in Glasgow in November, was overshadowed by its dismissal of the president of the negotiations, who hit back with a letter warning the process is "miles off track".

Climate Change Committee presses new UK government to lead ahead of COP26

People moves: Lightsource BP, Global Water Partnership and Committee on Climate Change

Michael Bloomberg has been selected as the UN Secretary-General's Special Envoy for Climate Action.

People Moves: BAML, CCC, Clean Energy Regulator

Bank of America Merrill Lynch has appointed Suzanne Buchta global head of green bonds, following the retirement of the head of the product solutions team Martin Mills, Environmental Finance understands.

UK's early end to onshore wind subsidies could cost £900m/year

The UK government's recent decision to end subsidies for new onshore wind energy farms from 1 April 2016 – a year earlier than originally announced – could cost about £900 million ($1.4 billion) a year, an influential advisory body has warned.

Carbon capture and storage could save UK 1% of GDP, says report

Building 10GW of carbon capture and storage (CCS) capacity by 2030 could enable the UK to meet its low-carbon energy supply targets while saving around 1% of annual GDP in the 2040s, according to new research.

Could a central bank rescue the EU ETS?

With the EU ETS on its knees amid an oversupply of allowances, it is time to set up a 'Central Carbon Bank' to oversee the market, argues Julian Richardson.