Investors worth €19tn call for EU decarbonisation

Investors managing more than €19 trillion (£16.6tn) in assets have urged EU energy ministers to agree to an ambitious 2050 decarbonisation framework. The Institutional Investors Group on Climate Change (IIGCC) have called for leaders to demonstrate a strong ambition for implementing the EU Energy Efficiency Directive and say it must include four key elements as a minimum. They […]

Investors call for UK decarbonisation strategy

The Institutional Investors Group on Climate Change (IIGCC) is calling for an ambitious long term decarbonisation strategy to help the UK transition towards a low carbon economy. The IIGCC, which represents 137 European institutional investors, warns that without a plan for decarbonisation, the UK may fail to attract sufficient investment to build a low carbon […]

EU “must not” put more carbon allowances on market

The EU must not put any more carbon allowances into the Emissions Trading Scheme because it is already “overflowing”, the European Wind Energy Association (EWEA) said today. The EU ETS is a scheme which gives firms working in Europe allowances for the carbon emissions they create. It is meant to encourage them to cut carbon […]