Durable economic recovery must align with climate and clean growth ambitions as the country moves beyond COVID-19, according to a new report by the Aldersgate Group.
BP is to cut £14 billion ($17.5bn) from the value of its assets as the COVID-19 pandemic accelerates net zero transition.
The government has made the first steps towards designing and implementing its own emissions trading scheme (ETS), paving the way for carbon pricing aligned to that of the European Union to continue post-Brexit.
The government has said it would put a carbon emissions tax in place to replace the EU Emissions Trading Scheme in the result of a no-deal Brexit, but renewables have been omitted from yet another Budget.
The Environmental Audit Committee (EAC) has issued a damning verdict of the government’s approach to clean energy investment in recent years, calling on it to publish an urgent plan to plug looming policy gaps.
SSE and Drax have signed an open letter to chancellor Philip Hammond calling for a “robust and strong” carbon price following the recent publication of the Clean Growth Strategy (CGS).