‘Unproven’ green tech to have significant impact on energy bills, MPs warn February 7, 2025 Government investment into “unproven” carbon capture schemes is set to have a “very significant effect” on households’ energy bills, an influential group of MPs is warning. Ministers have backed investment into carbon capture, usage and storage (CCUS) schemes in a bid to achieve the UK’s legally mandated climate goals, including net zero by 2050. But [...]
UK voters want ministers to prioritise growth over net zero, poll finds February 5, 2025 Voters in the UK say they want the government to prioritise economic growth over net zero, pollsters have found. Exclusive polling for CityAM by Freshwater Strategy found seven in ten people said they would rather the government prioritise economic growth over achieving net zero by 2050. It comes after pollsters yesterday revealed a majority [...]
Heathrow: Sadiq Khan ‘remains opposed’ to third runway January 29, 2025 Sadiq Khan has confirmed he “remains opposed” to a third runway at Heathrow Airport, putting him on a collision course with Chancellor Rachel Reeves. The mayor of London responded to Reeves’ announcement of the government’s backing for the UK’s only hub airport to expand its facilities during her economic speech on Wednesday. Khan said: “I [...]
Heathrow: Starmer won’t say if he backs London airport expansion January 22, 2025 Sir Keir Starmer has refused to say whether he would back the expansion of Heathrow Airport after voting against a third runway in 2018. The Prime Minister said would not be “comment on speculation” on the issue, as emphasised the government is “committed to growth” when asked about reports ministers could be set to approve [...]
Writing off net zero? Kemi Badenoch mustn’t fall into Reform’s trap January 17, 2025 Kemi Badenoch is right to question the path to net zero, but pandering to Reform and writing it off will get us nowhere, writes Sam Hall.
Morgan Stanley the latest US bank to flee climate coalition ahead of Trump return January 3, 2025 A slew of US banks have exited a climate coalition in the days leading up to Donald Trump’s presidential inauguration. Yesterday evening, Morgan Stanley became the latest US bank to depart from the Net Zero Banking Alliance, as pressure increasingly mounted on financial institutions from Republican lawmakers. Despite leaving the alliance, Morgan Stanley said in [...]
Investors want to see ‘ambition’ from UK on climate change, Pinchbeck says December 8, 2024 Private investors are keen to see “ambition” from the UK government on climate change, the head of an influential emissions body has warned politicians. Emma Pinchbeck, chief executive of the Climate Change Committee, which advises the government on emissions targets, stressed that the private sector “likes a bit of ambition”. The former Energy UK CEO [...]
Why COP29 failed November 28, 2024 Few were impressed by a late-running conference hosted by a petrostate, but that doesn’t mean we should give up on climate action, says Fin McCarron COP29 has now been and gone. And it’s fair to say that nobody was impressed. This year’s global climate gathering was supposed to provide a brand new climate finance target [...]
Cop29 draft finance deal rejected as negotiators walk out of UN climate talks November 23, 2024 The latest rough draft of a deal on climate finance is thought to have been soundly rejected by developing economies at Cop29, a day after the UN summit was scheduled to finish. Negotiators from rich and poor nations are huddled in one room as the talks to reach a deal on money for developing countries [...]
Finance deal remains elusive at Cop29 as UN climate talks stretch into overtime November 23, 2024 Countries have worked through the night to broker a deal on climate finance at the UN climate summit as negotiations stretched into overtime. Patience is wearing thin on the ground at Cop29 in Azerbaijan as negotiations in the host city, Baku, hit a deadlock again on Saturday afternoon – almost 24 hours after the summit [...]