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One of 44 global signatories to pledge to WorldGBC’s Net ZeroCarbon Buildings Commitment covering a whole life carbon emissions approach . Raised Scope 1 and 2 carbon emissions intensity reduction target to 63% from new baseline year 2016, validated by Science Based Targets initiative .
DESCRIPTION: One of 44 global signatories to pledge to WorldGBC’s Net ZeroCarbon Buildings Commitment covering a whole life carbon emissions approach. Raised Scope 1 and 2 carbon emissions intensity reduction target to 63% from new baseline year 2016, validated by Science Based Targets initiative. SOURCE: 3BL Alerts.
Since the MGT Teesside plant was awarded its CfD, the Government has agreed that this type of power plant does not meet the official definition of low-carbon electricity. During COP26, Lord Goldsmith admitted the UK had ‘real problems’ with burning wood for electricity.
Furthermore, expansion to new sectors, faster cuts of the supply of allowances and other climate policies like EU’s fit-for-55 or COP26 adoption of Article 6 are pushing prices up. Notice that compliance and voluntary carbon markets have interlinked movements, as seen in the 2013 drop in both voluntary and compliance credits.
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