In November 2019, the EIB’s Board of Directors approved a new level of ambition for the EIB towards climate action and environmental sustainability. The EIB needed to turn this ambition into reality and invited interested stakeholders to accompany it in developing its roadmap – the “Climate Bank Roadmap 2021-2025”.
In response to the exceptional circumstances of COVID-19, BEIS will provide a one-off loan to the Low Carbon Contracts Company (LCCC) so that it can continue to pay Contracts for Difference (CfD) generators without needing to increase the Interim Levy Rate at short notice. This consultation sought views on the proposal to defer to 2021 quarter … Read more
The UK’s net-zero emissions target means that substantial amounts of new, low carbon power will be needed by 2050. The Contracts for Difference (CfD) scheme is the government’s main mechanism for supporting new, low carbon electricity generation projects in the United Kingdom (UK). In light of the net-zero target and recent evolution of the renewable … Read more