G7 nations agree to stop new overseas coal funding in 2021

They have also made a commitment to accelerate the transition away from unabated coal capacity and to an ‘overwhelmingly decarbonised’ power system in the 2030s

UK Export Finance doubles support for sustainable projects overseas to £2.4bn in 2020

Financing was provided for projects including offshore wind farms, solar farms and major transportation projects

UK to end support for fossil fuel energy projects abroad

The government will end export finance, aid funding and trade promotion for new crude oil, natural gas and thermal coal projects, with ‘very limited exceptions’

UK okays management of overseas-owned plutonium

The Nuclear Decommissioning Authority (NDA) has been given the go-ahead to take ownership of some plutonium outside the UK. The transfers exchange ownership of plutonium between two countries, removing the need to physically move it. DECC has agreed to the NDA taking ownership of around 800kg of material previously owned by a Swedish utility and […]

Qatar sets up $1bn energy infrastructure fund

Three state-backed companies in Qatar (pictured) are setting up a $1 billion (£662m) fund to invest in energy infrastructure assets overseas. The fund will be run by Qatar Holding (QH), Qatar Petroleum International (QPI) and Qatar Electricity and Water Company (QEWC). QEWC said the fund would be invested in countries outside Qatar in the fields […]