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Search resuls for: "Kate Abnett Susanna Twidale"


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"The UK has been one of the real leaders in climate diplomacy and in their own emissions reductions," Ireland’s climate minister Eamon Ryan told Reuters. But according to the Climate Change Committee’s June 2023 progress report to parliament, to hit mid-way climate targets, Britain must quadruple its annual emissions reductions outside the electricity supply sector by 2030. He said he was changing the policy because previous governments had moved too quickly to set net zero targets, without securing the support of the public. Delaying net zero transition investments could prove politically popular, analysts observed, if an election was on the horizon. But "this framing only works if you think climate policy is a burden", said Bob Ward, a climate policy researcher at the London School of Economics and Political Science, adding that avoiding short-term costs was likely to lead to a greater bill for taxpayers down the road.
Persons: Eamon Ryan, Rishi Sunak, Bob Ward, Britain's, Simone Tagliapietra, Sunak’s, Philip Dunne, Susanna Twidale, Gloria Dickie, Kate Abnett, Elizabeth Piper, Ed Osmond, Alison Williams Organizations: Reuters, United Nations, London School of Economics, Political, Global, Thomson Locations: Britain, Ukraine, Poland, Slovakia, Netherlands, Brussels, U.S, London
During Greece's peak power demand this year, also on July 24, solar photovoltaics covered 3.5GW of the total 10.35GW demand, grid operator IPTO said. Even in cooler and less sunny western countries such as Belgium, solar energy has covered more than 100% of the extra energy needed during midday spikes in power demand. Analysts say a second factor has helped to keep Europe's energy systems running this summer: overall, power demand has been relatively low. That has been the case since Europe's energy crisis last year, when Russia cut gas deliveries to Europe. "The only reason why this has been bearable is the low power demand environment that we're currently in," Refinitiv's Gerl said.
Persons: Nicolas Economou, Kristian Ruby, Electrica, Nathalie Gerl, IPTO, Spain's, Refinitiv's Gerl, Simone Tagliapietra, Kate Abnett, Susanna Twidale, Barbara Lewis Organizations: REUTERS, Analysts, Energy, European Commission, SolarPower, Thomson Locations: Rhodes, Greece, Europe, BRUSSELS, LONDON, Spain, Ukraine, Catania, Etna, Sicily, Athens, Belgium, Russia
Benchmark EU carbon permit prices hit 100 euros per tonne of CO2 on Tuesday, the highest since the scheme launched in 2005. The largest project being developed in the Netherlands secured national funding to bridge the gap between costs and the CO2 price. The United States does not have a nationwide carbon price, although states including California do. An EU carbon price of 100 euros adds 30-40 euros to the cost of a tonne of primary steel production, according to Eurofer. For example, blast furnace-based steelmakers were given around 80% of their CO2 permits, commodity industry analysis firm CRU said.
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