LATEST NEWS & VIEWS
COP29: A TURNING POINT FOR CLIMATE ACTION
As COP29 kicks off in Baku, world leaders face increasing pressure to take decisive action on climate issues. Amid record-breaking climate events and growing public demand for change, the next two weeks will be key in shaping future climate policies. Will COP move...
COP29: DIVISIVE TALKS LEAD TO $300 BILLION CLIMATE DEAL
As COP29 ended in Baku, the final agreement was reached after intense and divisive negotiations that extended into overtime. The outcome is that developed nations will commit to providing $300 billion annually by 2035 to assist developing countries in addressing...
BUDGET 2024: CLEAN ENERGY INVESTMENTS AND BUSINESS CHALLENGES
This week’s budget signalled a continued commitment to positioning the UK as a leader in clean energy. With substantial investments across carbon capture, green hydrogen, and renewable energy infrastructure, it’s clear that the government is setting ambitious goals...
MARKET-WIDE HALF-HOURLY SETTLEMENT (MHHS): WHAT YOU NEED TO KNOW
The MHHS is a major regulatory change set to transform the energy market, impacting how energy consumption is measured and billed. WHAT IS MHHS? MHHS aims to settle electricity usage on a half-hourly basis for all consumers using smart meter data. This change will...
ESOS PHASE 3 COMPLIANCE DEADLINE FLEXIBILITY
Delays in finalising the ESOS Phase 3 guidance and compliance portal have caused concerns regarding the tight timeframe for meeting the 5th June Deadline. In response to this, the Environmental Agency announced last month that there will be an ‘enforcement extension...
NAVIGATING THE PATH TO NET ZERO: BALANCING OFFSET STRATEGIES FOR A SUSTAINABLE FUTURE
The Environment Agency has adjusted its own net zero roadmap, shifting the target date from 2030 to a timeframe between 2045 and 2050. The reason? A pivotal change in the approach to offsetting carbon emissions. Initially planning for a 45% reduction in emissions by...
ESOS COMPLIANCE – IMPACTFUL CHANGES FOR BUSINESSES AHEAD
In response to the latest government update, there have been some key changes that will significantly influence the approach to ESOS compliance. Below is an overview of the changes. De minimis Threshold Adjustment: The de minimis threshold has been redefined,...
COP 28 – FOSSIL FUELS CONTROVERSY CLOUDS PROGRESS IN UAE
The past two days at COP28 have witnessed critical developments and concerns, shaping discussions on climate actions and governmental transparency. The President of Cop28, Sultan Al Jaber, caused major controversy with his comment that there was “no science out there,...
GOVERNMENT UNVEIL’S RISKY NEW DIRECTION ON NET-ZERO POLICY
The UK Prime Minister, Rishi Sunak, today delivered an impassioned speech outlining a ‘new approach to achieving net zero’ which has been widely anticipated to be ‘watering down’ the commitments, many of which were made by the Conservative Government under different...
COP28 – UAE PRESIDENT OUTLINES VISION TO FAST TRACK ENERGY TRANSITION
The incoming UAE COP28 President Designate, Sultan Al Jaber, has outlined his focus areas for the UN climate conference, including “fast-tracking the transition, fixing climate finance, focusing on people, lives and livelihoods and underpinning everything with full...