CBI urges government to end ‘power vacuum’, fast track wind farm approvals

CBI Director-General Tony Danker has become the latest high-profile figure to call on the government to end the “August power vacuum” in Downing Street and take urgent steps to address looming energy price rises that are poised to plunge the UK into recession this autumn. With Prime Minister Boris Johnson on holiday, Number 10 has … Read more

‘Grotesque greed’: UN Secretary-General urges governments to tax fossil fuel firms’ ‘excessive’ profits

The UN Secretary-General yesterday urged governments to tax the “excessive profits” of oil and gas firms and use the funds to support vulnerable households struggling with soaring energy and food costs. In the launch of a UN-backed crisis group response focused on tackling sharpening notes food, energy, and financial security risks, Antonio Guterres urged governments, … Read more

'Demand has never been higher': How the energy crisis is proving an 'accelerant' for renewable energy

Latest data from BloombergNEF reveals 11 per cent increase in global renewable energy financing, as investment reaches record levels – is a tipping point being reached? The global economic outlook may be worryingly bleak, but there is still little evidence that inflation and dwindling confidence are impacting the booming renewables market as investment continued to … Read more

Study: Fossil fuel gas responsible for 80 per cent of increase in electricity prices

Analysis from think tank Ember reveals skyrocketing prices are driven almost entirely by reliance on fossil fuel gas The skyrocketing price of fossil gas is responsible for 80 per cent of the increase in UK wholesale electricity prices experienced over the past year, a new analysis from energy think tank Ember has revealed. Compared with … Read more

Missing crucial ingredients: Campaigners slam government’s new Food Strategy

The government is today facing fierce criticism over its new Food Strategy with critics from both the food and farming industry and the environmental movement accusing Ministers of producing a document that is “flatter than a pancake and missing most of the crucial ingredients needed to truly ensure our long-term food security”. The Department for … Read more