Green rules come into force for firms bidding major government contracts

From today, companies need to commit to achieving net zero by 2050 if they want to bid for contracts worth more than £5 million

‘First ever’ £430m government-backed green transition loan announced

Wood plc will receive the loan to increase clean growth exports, green jobs and take advantage of the energy transition

‘Petrostates will still dominate the energy world after fossil fuels’

A new report suggests that existing international trade relationships could remain in the global trade of hydrogen, halting its progress

How do businesses invest in climate change?

A new report surveyed more than 13,500 firms, delving into their stance on climate risks, their investments to address those risks and the main influencing factors on this

‘The free market is crucial to tackling climate change, not green protectionism’

A new report claims free markets are essential to tackling climate change, as they enable free-flowing information and an increase in green technology and foreign investment in the UK’s low carbon economy

‘Renewable energy means economic growth’

New research claims that the more countries invest in renewable energy, the higher their economic growth

IEA: ‘The world cannot reach net zero without investment in developing countries’

It claims that if the world is to reach net zero emissions by 2050, annual clean energy investment in developing economies must increase from $150bn to $1tn by 2030

Bank of England warned of ‘moral hazard’ risks from high-carbon bond purchases

The Environmental Audit Committee says the bank’s corporate bond purchases are currently aligned with a ‘catastrophic’ 3.5°C temperature rise by 2100

Billion-dollar natural disasters: Natural catastrophes in 2020 ‘create global economic loss of $210bn’

A new study shows six-in-ten of the costliest natural catastrophes during 2020 occurred in the US

Nearly half a million US clean energy workers unemployed as COVID continues

The 446,000 workers make up around 13% of the total clean energy workforce, according to a new analysis of federal unemployment filings