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8 mentions found


☆ G7 agrees to shut down coal plants by 2035, UK minister says, in climate breakthrough
  + stars: | 2024-04-29 | by ( Angela Dewan | ) edition.cnn.com   time to read: +3 min
CNN —Ministers from the Group of Seven nations have agreed to shut down all their coal plants by 2035 at the latest, a UK minister said on Monday, in a climate policy breakthrough that could influence other countries to do the same. Putting an end date on coal — the most climate-polluting fossil fuel — has been highly controversial at international climate talks. Many of the other G7 nations already have national plans in place to phase out the fossil fuel. “Coal might be the dirtiest, but all fossil fuels need to be ultimately phased out,” he said. Energy, environment and climate ministers are meeting in Turin for talks that are expected to end on Tuesday.
Persons: ” Andrew Bowie, ”, Dave Jones, “ Organizations: CNN, Japan, Department for Energy Security, CNBC, Turing, UK Ministry for Energy, US State Department, Energy, European Union Locations: Italy, COP28, Dubai, France, Canada, United States, Japan, Turin, Germany, United Kingdom, China, India, Saudi Arabia, Russia
☆ Greenpeace loses legal challenge to UK's new North Sea oil and gas licences
  + stars: | 2023-10-19 | by ( ) www.reuters.com   time to read: +2 min
Vessels that are used for towing oil rigs in the North Sea are moored up at William Wright docks in Hull, Britain November 2, 2017. REUTERS/Russell Boyce/File Photo Acquire Licensing RightsLONDON, Oct 19 (Reuters) - Britain's decision to authorise new licences for oil and gas exploration in the North Sea was lawful, London's High Court ruled on Thursday, dismissing a legal challenge by Greenpeace. Judge David Holgate rejected Greenpeace's case on Thursday, saying in a written ruling that the decision not to assess end-use emissions was not irrational. A Department for Energy Security and Net Zero spokesperson welcomed the decision. Britain says domestic oil and gas production is key to its plan to improve energy security and that doing so is consistent with its target of net zero carbon emissions by 2050.
Persons: William, Russell Boyce, David Holgate, Greenpeace's, Philip Evans, Tessa Khan, Sam Tobin, William James, Tomasz Janowski Organizations: REUTERS, Greenpeace, Britain's Department for Energy Security, Department for Energy Security, Thomson Locations: William Wright, Hull, Britain, North, Europe
☆ Offshore wind drops out of UK auction on costs, risking climate goals
  + stars: | 2023-09-08 | by ( Nora Buli | ) www.reuters.com   time to read: +4 min
General view of the Walney Extension offshore wind farm operated by Orsted off the coast of Blackpool, Britain, September 5, 2018. The result was bad news for Britain's 2050 net zero emissions target, which calls for 50 gigawatts (GW) of offshore wind capacity by 2030 versus around 14 GW now. In a 2022 auction, offshore wind projects were the main recipient of funding, with 7 gigawatts (GW) awarded, but developers did not even bid in the latest auction, the results of which were published on Friday. The lack of new offshore wind capacity would cost consumers 1 billion pounds a year, it added. Bid prices for renewable energy CfDs are expressed in 2012 money, with inflation meaning actual prices are higher.
Persons: Orsted, Phil Noble, Graham Stuart, Ed Miliband, Sweden's Vattenfall, Nora Buli, Miral Fahmy, Jason Neely Organizations: REUTERS, UK's Department for Energy Security, Turbine, Energy, Britain, Labour Party, Conservatives, Thomson Locations: Walney, Blackpool, Britain, OSLO, Oslo
☆ UK carbon price plunge raises risk of green levies on exports to EU
  + stars: | 2023-08-03 | by ( Susanna Twidale Kate Abnett | Susanna Twidale | Kate Abnett | ) www.reuters.com   time to read: +3 min
Britain exported more than 2.5 million tonnes of steel to Europe last year, UK Steel said. That trade would face the CO2 levy, unless Britain matched the EU's carbon pricing policies or linked its carbon market to the bloc's. Without a market link, Energy Aspects expects UK carbon prices to trade below EU CO2 prices until the late 2020s - exposing UK firms to the EU's border levy. In 2026, when the EU carbon border levy will kick in, Energy Aspects expects the UK CO2 price to be around 55 pounds (63.71 euros), versus an expected EU CO2 price of 108 euros. The UK government ran a publish consultation earlier this year on policies to support British industries as they decarbonise, including a possible UK carbon border levy.
Persons: Frank Aaskov, Benjamin Lee, Susanna Twidale, Kate Abnett, Sharon Singleton Organizations: European Union, ETS, Steel, Energy, UK, Britain's Department for Energy Security, Thomson Locations: BRUSSELS, London, Britain, Europe
☆ Britain planning to overhaul planning to meet net zero targets
  + stars: | 2023-07-02 | by ( ) www.reuters.com   time to read: +1 min
LONDON, July 2 (Reuters) - Britain is planning to overhaul the country's planning system to make it easier to install overhead cables and pylons, the Department for Energy Security and Net Zero said on Sunday, a move to help the government reach its net zero targets. A spokesperson for the department said the government had increased the amount of renewable energy capacity connected to the grid by 500% since 2010 but wanted to do more. "We want to go further as part of our plans to power up Britain with cleaner, cheaper and more secure homegrown energy. Last month, the Climate Change Committee of legislators said Britain had lost its position as a global leader on climate action and was not doing enough to meet its mid-century net zero target. Reporting by Elizabeth Piper; Editing by David HolmesOur Standards: The Thomson Reuters Trust Principles.
Persons: Elizabeth Piper, David Holmes Organizations: Department for Energy Security, Sunday Telegraph, Thomson Locations: Britain
☆ Drax shares tumble after Britain rejects carbon-capture project
  + stars: | 2023-03-30 | by ( ) www.reuters.com   time to read: +1 min
March 30 (Reuters) - Shares of British power generator Drax (DRX.L) fell 10% on Thursday after the government turned down its carbon-capture project for the country's Track-1 programme. The project was not selected for Track-1, but the government will engage further with the project following an assessment outcome, the Department for Energy Security & Net Zero said. Britain laid out plans on Thursday to boost its energy security and independence through investment in efforts to move towards cleaner, more affordable energy sources. Last week, Drax said it was pausing its planned UK investment of 2 billion pounds ($2.45 billion) in bioenergy with carbon capture and storage (BECCS) as it awaited clarity on UK funding. Reporting by Nora Buli in Oslo and Radhika Anilkumar in Bengaluru; Editing by Subhranshu Sahu and Clarence FernandezOur Standards: The Thomson Reuters Trust Principles.
☆ UK launches energy efficiency taskforce, names NatWest boss as co-chair
  + stars: | 2023-02-20 | by ( Industry Insight | Reuters Professional | Energy Crisis Spurs Drive To Address 'Blind Spot' Of Leaky Buildings | ) www.reuters.com   time to read: +1 min
LONDON, Feb 20 (Reuters) - The British government on Monday launched its new energy efficiency taskforce and named NatWest (NWG.L) boss Alison Rose as its co-chair to reduce the country's energy consumption and cut household bills. The taskforce will devise a plan to reduce total UK energy demand by 15% by 2030 compared to 2021 levels across domestic and commercial buildings and industrial processes, the government said in a statement. Hunt is due to attend a summit on Tuesday with chief executive officers, founders and leaders from the country's green companies, the government added. The taskforce also includes Department for Energy Security and Net Zero Minister Lord Martin Callanan as co-chair. "Improving energy efficiency will not only drive a lower carbon environment, but also deliver greater economic security," said Rose who is the chief executive officer of state-owned lender NatWest.
☆ UK PM Rishi Sunak overhauls government departments after bumpy 100 days in power
  + stars: | 2023-02-07 | by ( Karen Gilchrist | ) www.cnbc.com   time to read: +1 min
U.K. Prime Minister has announced a mini overhaul of his government as he seeks to reassert his authority after a shaky first 100 days in office. U.K. Prime Minister Rishi Sunak on Tuesday unveiled a new government department focused on energy security and announced a mini reshuffle of his cabinet as he seeks to reassert his authority after a shaky first 100 days in office. Sunak named former business minister Grant Shapps as head of the newly launched Department for Energy Security and Net Zero, whose focus will be on securing "long-term energy supply, bringing down bills and halving inflation." The prime minister also appointed former Trade Minister Greg Hands as his new party chairman, replacing sacked Nadhim Zahawi, in a mini-reshuffle of his top leadership team. The U.K. previously had a Department of Energy and Climate Change, but it was merged with the business department in 2016.
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