Ofgem published its Forward Work Programme 2024-25 on 28 March 2024, outlining its strategic priorities and objectives for the upcoming year. The UK energy regulator has set out four strategic priorities along with 14 more detailed objectives explaining the steps it aims to take and when. The work programme sits...

European Parliament adopts new certification framework for carbon removals On 10 April, the European Parliament formally adopted its position on a regulation to introduce a voluntary certification framework for carbon removals, which aims to boost the bloc's ability to monitor and verify such activities to counter greenwashing. The regulation covers...

This week we look at the closure of the last coal-fired power station in the UK, the announcement that Great British Energy will be based in Aberdeen, a record high for UK renewables by energy generation share, and more Last remaining coal-fired power station in the UK to close After...

UK ETS publishes consultation on aligning free emissions proposal with UK CBAM in 2027 On 26 September 2024, the Department for Energy Security and Net Zero (DESNEZ) and the devolved administrations of the UK Emissions Trading Scheme (UK ETS) released a further consultation. This follows the initial consultation published in...

The UK's Labour government, having passed its 100-day mark and earlier announcing its legislative programme in the King's Speech, published its Autumn Budget last month. The Budget signalled tax rises of £40 billion and government investment (funded by borrowing) of £100 billion over the life of the Parliament – and...

The question of how the global transition to net zero will be funded is perhaps one of the most important considerations in determining the appetite for and pace of climate change policies and actions. Whether carbon reduction commitments are instigated via public policy or motivated by the private sector, the...

At COP26, negotiations are taking place to finalise the rule book governing the implementation of the Paris climate accord, including structures for a global carbon market and the frequency with which nations set new climate targets. Separately, COP will act as a forum for developing new global climate commitments, with...

US and European businesses will be looking to 2022 for the global economic recovery to pick up speed and for the restrictions of the two-year Covid-19 pandemic to ease. Although government economic and monetary policies have differed on either side of the Atlantic, US businesses looking east will likely see...

European Union law is about to be strengthened in the fight against greenwashing, with the European Commission this week publishing its proposal for a Green Claims Directive. In the meantime, European countries, including the UK, are developing their laws and taking initiatives to accelerate this process at a national level...