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Latest News Articles

Green Double Whammy for George Osborne

20 Nov 2012

George Osborne has made no secret of his environmental scepticism and claims that emissions targets and environmental measures could damage British industry. He’ll find it more difficult to maintain this position in the face of today’s call from the world's largest investors for more decisive action by governments on climate change. The letter from global investor networks representing institutional investors responsible for over $22.5 trillion in assets calls for a new dialogue between investors and governments on climate…

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Major investment in energy infrastructure

17 Jul 2012

OFGEM has announced a £22 billion upgrade to the nation's gas and electrcity networks, but National Grid says it's not enough. There's no doubt that if we increase our use of electricity, in particular by using electric cars, we're going to need much more distribution capacity. Equally, as long as we remain committed to fossil fuels, gas is the cleanest. Hence the need to upgrade the gas pipelines as well. National Grid says that the…

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CRC - Allowances

1 May 2012

The Environment Agency has published guidance on purchasing, surrendering and trading CRC carbon allowances. Allowances must be purchased, paid for and surrendered by 31st July. Why anyone would want to trade is not clear as there is no limit on the number of allowances that can be purchased, the price is guaranteed to be the same next year and allowances may be carried from year to year within Phase 1. Details are here.

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Carbon Capture and Storage - £1bn to the lucky winner!

3 Apr 2012

The government today announces a competition to stimulate investment in Carbon Capture and Storage (CCS), including £125m for research and £1bn capital funding. Fossil fuel power stations - gas, coal - account for the majority of our electricity and for a very large proportion of CO2 emissions. New nuclear power stations, which produce no CO2 in use (although significant amounts in construction and decommissioning), will not be available for at least a decade so the…

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Greenhouse Gas (GHG) Reporting Delayed

3 Apr 2012

In 2008 the government committed itself to requiring companies to report GHG emissions annually by April 2012, or account to Parliament for not doing so. Defra has just accounted to Parliament, explaining that ministers will make a decision "as soon as possible". Is the government afraid that GHG reporting, like other environmental measures, will cost jobs? This is a favourite cry of Republicans in the US. However, in an article entitled "Toxic and wrong", Josh…

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