8 November 2024

‘A wrecking ball’

The headlines

USA

• ‘A wrecking ball’: experts warn Trump’s win sets back global climate action

• Billions wiped off wind farm companies

• Trump vows to ‘drill, baby, drill’

• Trump would withdraw US from Paris climate treaty again, campaign says

UK

• The biggest transatlantic loser from Trump’s election:
  Britain’s Labour government

• Miliband’s pledge to lower heating bills was always pure fantasy - now we have the proof

• Rachel Reeves car tax changes could see some vehicles ‘almost disappear’ from UK roads

International

• COP29 CEO filmed agreeing to facilitate fossil fuel deals at climate summit

• Brazil lifts coal imports to record as hydro hit lingers

From the blog

• MPs ignore causes of fuel poverty

• £1300 annual household bill for Net Zero grid

USA

A ‘wrecking ball’

The Guardian newspaper was not best pleased at the implications of Trump’s election victory for international decarbonisation efforts.

Billions wiped off wind farm companies

The share price of Danish wind farm company Ørsted fell by 11% on Wednesday, seeing €17 billion wiped off its value.

‘Drill, baby, drill’

Trump has summarised his energy policy with the catchphrase “drill, baby, drill”. It involves a widespread resumption in oil and gas licensing and halting offshore wind energy projects, as well as ending green tax credits and subsidies.

Trump would withdraw US from Paris climate treaty again, campaign says

Donald Trump would yank the United States out of the Paris climate accord for the second time if he wins the presidency again in November, a campaign spokesperson told POLITICO on Friday.

UK

The biggest transatlantic loser from Trump’s election: Britain’s Labour government

Rupert Darwall warns that the UK Government has positioned itself uniquely poorly for an incoming Trump administration.

Miliband’s fantasy

In an excoriating opinion piece for the Telegraph, former Energy Secretary Claire Coutinho describes the enormous cost of meeting the Labour minister’s ambition to have a Net Zero grid by 2030.

Some vehicles could ‘almost disappear’ from UK roads

Major changes to company car tax announced in the Budget by Chancellor Rachel Reeves could cause more vehicles to be disappear from the roads with plug-in hybrids and double cab pick-ups particularly affected.

International

Caught red handed

The COP29 CEO, Elnur Soltanov, was filmed agreeing to facilitate fossil fuel deals at climate summit.

Brazil lifts coal imports to record as hydro hit lingers

Brazil is set to import nearly 900,000 metric tons of thermal coal this month, the highest monthly tally on record and three times the monthly average for 2024 so far.

From the blog…

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