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Bank of England told to stop buying high carbon bonds

<div class="at-above-post addthis tool" data-url="https://www.metro.us/bank-of-england-told/"></div>LONDON (Reuters) – A group of British members of parliament said on Monday that the Bank of England should stop buying bonds from businesses whose activities accelerate global warming. Britain’s central bank doubled its holdings of corporate bonds to 20 billion pounds ($27 billion) last year as part of efforts to support the economy through […]<! AddThis Advanced Settings above via filter on get the excerpt ><! AddThis Advanced Settings below via filter on get the excerpt ><! AddThis Advanced Settings generic via filter on get the excerpt ><! AddThis Share Buttons above via filter on get the excerpt ><! AddThis Share Buttons below via filter on get the excerpt ><div class="at-below-post addthis tool" data-url="https://www.metro.us/bank-of-england-told/"></div><!

Renewables outstrip fossil fuels as the EU s main source of power | Debt News

Renewables overtook fossil fuels as the European Union’s main source of electricity for the first time in 2020 as new projects came online and coal power shrank, a report shows. Renewable sources such as wind and solar generated 38 percent of the 27-member bloc’s electricity in 2020, with fossil fuels such as coal and gas contributing 37 percent, the report published on Monday by think-tanks Ember and Agora Energiewende showed. Denmark achieved the highest proportion of wind and solar power, which contributed 61 percent of its electricity needs in 2020. Ireland achieved 35 percent and Germany 33 percent. Countries with the lowest share of renewables, below 5 percent, were Slovakia and the Czech Republic, the data showed.

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