CBAM

Government unveils funding boost for energy efficiency and heat pump programmes, as Treasury confirms plans for new carbon border levy

Electricity costs in UK are two to three times higher for steelmakers than in Germany and France, UK Steel body warns

E3G research suggests majority of both UK manufacturers and the wider public would support the introduction of a carbon boarder adjustment mechanism

New analysis from Energy UK warns decline in carbon prices could impact investment in clean energy and cost Treasury billions of pounds in lost revenue

Warnings from analysts and industry come as European Union launches transitional phase for new carbon border tax regime

Plus: Australia ponders carbon border tariffs, Gabon 'debt for nature' deal, and Austria opens CCS steel mill plant, in our round up of the top green business news from around this week

The European Union's new Carbon Border Adjustment Mechanism should incentivise more countries to put a price on carbon, but not the US

But fears grow government could use its rebranded 'Energy Security Day' to approve new oil and gas projects and defer crucial decarbonisation policy decisions

As they decarbonise, heavy industries need assurance that products will not be undercut by more emissions-intensive imports, argues UK Steel's Frank Aaskov

Leaked draft of EU Net Zero Industry Act suggests EU is planning stringent domestic content rules in response green subsidy blitz