UK dependent on renewables to cut CO2
The UK won't meet legally-binding carbon-reduction targets without more effective policies supporting the uptake of renewable energy and encouraging greater energy efficiency, according to the think-tank Cambridge Economics.In forecasts published today, the researchers predict that not only is the UK unlikely to meet its 2010 target of cutting CO2 emissions by 20% on 1990 levels until 2020, but that it will fail to meet
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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.