Klimado Index · United Kingdom
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Klimado Index · United Kingdom
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This Week’s Regulatory Updates: UK Energy Price Cap Rises 4% as Gas Volatility Returns: Ofgem will lift the price cap to £1,723 from October, as higher wholesale gas prices outweigh VAT-driven stability in electricity costs. DOE and SBA Launch Investment Push for US Energy and Strategic Technology Start-ups: DOE and SBA have launched SBIC-E to
Today’s ESG Updates EU Considers Industry Support in Carbon Market Overhaul: The European Commission is exploring options to protect industries from carbon leakage while revising the EU carbon market to meet 2040 climate targets. Portugal Faces $4.7B in Storm Kristin Damage: Preliminary estimates show the storm caused more than $4.7 billion in direct reconstruction costs,
Government support for fossil fuels reached at least USD 1.5 trillion in 2023. This is the second highest annual total on record after 2022, when Russia’s invasion of Ukraine triggered a global fossil fuel price crisis. The latest data on fossil fuel subsidies, capital investment by state-owned energy companies, and international public finance shows financial
Does Europe need new gas infrastructure? According to an Artelys study, “Does phasing-out Russian gas require new gas infrastructure?”, published in May 2022 and carried out through a simulation model of the European energy system, all that would be needed to do without Russian gas is an increase in regasification capacity in the Baltic countries
On Wednesday, the U.S Supreme Court temporarily revived a Trump-era regulations set to fast track oil and gas projects by limiting the power of states and Native American tribes ability to enforce the Clean Water Act — a major piece of legislation that protects water from pollution caused by pipelines and other activities like fracking. This