Claire Perry: Price cap ‘isn’t underground attempt to renationalise energy sector’

The energy and clean growth minister insisted bills have gone down since 2012

UK outperforms G20 nations on decarbonisation

The UK decarbonised at a faster rate compared to other G20 countries last year. New analysis reveals the carbon intensity of the UK economy fell by 7.7% – almost three times the global average of 2.6%. That was due to a decline in coal usage, improved energy efficiency and “moderate” economic growth. Coal now represents […]

Investors worth $15tn call for climate change action

Global investors worth more than $15 trillion (£11.6tn) have signed a letter calling for G7 and G20 nations to stand by their commitments to the Paris Agreement. The 214 institutions, which include financial firms, pension funds and church groups, believe mitigating climate change is essential for the safeguarding of global investments. The letter urges governments to […]

‘UK is most successful G7 nation for green growth’

The UK has been the most successful G7 nation in growing its economy whilst reducing emissions. That’s according to a new report from the Energy and Climate Intelligence Unit (ECIU), which shows in the 25 years since the signing of the UN’s Earth Summit in Rio de Janeiro, Britons have become 130% wealthier, on average, […]

G7 commits to accelerate energy transition

The G7 leaders have committed to accelerate the transition towards a low carbon energy system to decarbonise the global economy. In a joint statement, the seven biggest economies of the world recognised the “important role of the implementation of the Paris Agreement” and pledged to facilitate energy investments and encourage stakeholders “despite the increased uncertainty posed by […]

Global health professionals call on G7 to phase out coal

Health professionals worldwide are calling on the G7 nations to accelerate the transition away from coal-fired electricity. A total of 82 organisations, representing more than 300,000 doctors, nurses and professionals in the health sector from 30 countries, have written to the world’s seven largest economies. They highlight the health benefits and savings brought by eliminating […]

IKEA invests €1bn on climate action

IKEA is investing €1 billion (£0.63bn) on renewables and climate action. It will use €400 million (£252m) to support communities and families impacted by climate change through 2020 and €600 million (£378m) for renewable energy. Peter Agnefjäll, President and CEO, IKEA Group said: “Climate change is one of the world’s biggest challenges and we need bold commitments […]

G7 leaders urged to agree on emissions target

G7 leaders have been called to agree on a carbon emissions target at their meeting in Germany this weekend. We Mean Business, a coalition of organisations which work with thousands of the world’s most influential businesses and investors, is urging them to support a global objective of net zero greenhouse gas emissions “well before the end of the […]

Extra €350m for Chernobyl nuclear safety project

An additional €350 million (£275m) grant has been approved for the Chernobyl nuclear power plant safety project. The extra cash will be used to complete the construction of a new shell on the damaged Chernobyl site, converting it into a safe and environmentally secure facility, the European Bank for Reconstruction and Development (EBRD) said. The […]

Davey at G7 meet – “No country must be able to use energy as weapon”

Ministers from G7 nations met in Rome yesterday to discuss energy security and how to shrug off dependence on “single powers”. The thinly veiled reference to Russia comes as its President Vladimir Putin hinted he may turn off the gas taps to Ukraine as a result of ongoing tensions between the neighbouring countries. Attending the […]