Swedish energy giant Vattenfall has issued a €500 million (£438 million) green bond - its first ever - offering investors the chance to “support the transformation of the energy system”.
The UK must scale-up decarbonisation of heat and transport, according to the International Energy Agency’s (IEA) latest in-depth review of UK energy policies.
The UK’s transition towards a net zero economy will cost the country more than £1 trillion, 40% more than the Committee on Climate Change has suggested, HM Treasury has claimed.
The UK’s Treasury Committee has launched an inquiry into HM Treasury’s role in the decarbonisation of the country’s economy, just a day after reports suggested it was ready to “fiddle” with binding climate targets.
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.
The UK government is prepared to use historic over-performance in emissions reductions to meet future targets, reports have suggested, in a move which is likely to attract considerable criticism.
