DECC finally launches RO consultation
Greater subsidies for electricity generated through wave energy have been proposed in DECC's long-awaited consultation on Renewables Obligation (RO) certificates.The proposals, which would take effect from 2013, see support for tidal stream and wave projects under 30MW more than double, while subsidies for offshore wind energy are cut more gradually than expec
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UK chancellor Rishi Sunak has today confirmed a temporary windfall tax on the profits of oil and gas firms to help with the cost-of-living crisis.
The climate targets of oil and gas majors rely heavily on emissions mitigation technologies (EMTs) that are expensive and unproven at scale, analysis by Carbon Tracker has uncovered.
Acoalition of NGOs and environmental groups have called on financial institutions to stop “propping up” the war in Ukraine by cutting ties with Russia’s fossil fuel industry. In a letter to CEOs, they call on insurers, banks and asset managers to end financing, investment, insurance coverage and other financial services to companies in the Russian industry, and divest from existing assets.