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UK International Climate Finance Steps Up Its Contributions

Three UK government departments have published results achieved by the UK’s International Climate Finance (ICF). Between 2012 and 2019, ICF programmes from the UK have impacted 57 million people, including improving the access to clean energy for 26 million people with 1600 MW of capacity added. They have negated 16 million tonnes of greenhouse gases (GHGs) from £3.8 billion in public and £1.4 billion private mobilised finance. (more…)

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Science-based vs Net-zero Targets for Businesses

In May 2019, the UK government set a net-zero emissions target for 2050. It was the first government to set a net-zero target and is currently grappling with how to reach it. In contrast, businesses have for years been setting similar targets. Pressure exists through government regulation and corporate social responsibility. Increasingly, companies face pressure from their stakeholders and investors to have environmental targets. Customers demand environmental targets from the companies they purchase from. (more…)

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The Future of Carbon Pricing in the UK

The Committee on Climate Change (CCC), which advises the UK government on climate issues, has given its view on the future of carbon pricing in the UK to the Department for Business, Energy and Industrial Strategy (BEIS). Carbon pricing today mainly exists in two forms: direct carbon taxation or emissions trading. The UK uses both. However, following Brexit, UK participation in the European Union Emissions Trading System (EU ETS) is uncertain. (more…)

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