Energy majors have called on the UK government to target a net zero power system as part of the 'Sprint to Glasgow' lead-up to the COP26 climate conference.
Companies from business, finance, academic and civil society have called on the UK government to commit to stronger and more consistent carbon pricing.
The government has set out the design of the new UK Emissions Trading System (ETS), set to replace the EU Emissions Trading System.
‘Importance of the UK energy sector’ recognised as interconnectors included in Brexit negotiations outline
Trading through interconnectors is set to be included in the upcoming Brexit negotiations between the UK and the European Union, after an energy agreement was included in government plans.
Renewables are “on the brink” of becoming Britain’s main electricity source, according to research by EnAppSys.
The UK will need to reduce carbon intensity by 9.7% a year if it is to meet its Net Zero by 2050 goal, according to new research by PwC.
Energy companies Orsted, SSE and Drax, along with non-profit climate change think-tank Sandbag, have together written to Chancellor of the Exchequer Sajid Javid, urging him to “maintain the UK’s robust approach on carbon pricing".
A strong carbon price is "essential" but can’t facilitate decarbonisation alone, the Committee on Climate Change (CCC) said.
Britain’s high carbon prices look set to drive more prolonged periods without coal generation, but the country is still reliant on coal power from overseas, energy analyst firm EnAppSys has claimed.