2023 sees lowest UK gas usage since 2015

Although gas remained a significant electricity source last year, its usage hit a low not seen since 2015

2023: warmest year on record

The year 2023 has officially been declared the warmest on record, with a temperature approximately 1.48°C higher than the pre-fossil fuel era, according to the EU’s climate service

UK urges input for non road mobile machinery decarbonisation plan

The UK Government is seeking ideas to make construction and industrial machines eco-friendly

UK fossil fuel electricity hits lowest since 1957

The UK’s electricity generated from fossil fuels in 2023 dropped by 22% year on year, reaching the lowest level since 1957 at 104 terawatt hours, according to new analysis

ING to end oil and gas financing by 2040

ING has unveiled plans to phase out upstream oil and gas financing by 2040 and triple renewable energy funding by 2025

COP28: Nations agree landmark deal to ‘transition away’ from fossil fuels

Some reactions to the COP28 decision have been mixed since the final consensus does not include the ‘phase out’ of fossil fuels

EU updates rules to decarbonise gas markets and promote hydrogen

MEPs have secured the possibility for member states to restrict imports of gas from Russia and Belarus, both via pipelines or LNG

COP28 President clarifies stance on fossil fuels

Sultan al-Jaber has responded to accusations of denying core climate science after earlier comments questioning the link between fossil fuel phaseout and limiting temperature rise to 1.5C

COP28: Over 110 nations vow to triple renewable energy by 2030

More than 110 countries pledged to triple global renewable energy capacity by 2030 and double annual energy efficiency improvements

‘Minimal borrowing costs for oil and gas despite environmental concerns’

Oil and gas companies are facing almost no additional borrowing costs compared to less polluting businesses, according to a study by S&P Global Ratings