Blue & Green Daily finds and summarises the top sustainability stories around the web every morning. We start with our own picks from Blue & Green Tomorrow.
12 June headlines
Consumer group Which? questions virtue of green energy subsides
A leading consumer group has warned Ed Davey that his proposed subsidy scheme will encourage the construction of more higher-cost energy projects, such as offshore wind farms, that might not deliver value for money. The organisation insisted is support a “green” revolution and does not want to pick winners and losers in the renewable energy field but believes the Contracts for Difference (CfD) subsidy regime in flawed. Guardian.
UK Green Bank may help developing countries fight global warming
The UK government may use its Green Investment Bank to lend money to projects in emerging markets that fight climate change. The government is exploring the possibility of using the bank to help manage some of the money from its £3.87 billion International Climate Fund, which supports climate adaption and mitigation projects in developing countries. Bloomberg.
Extreme flooding events influence UK climate views
Flooding, more than heat-related weather events, influence UK residents’ perception of the risks associated with climate change, a survey has shown. Researchers found that British people perceived heatwaves had become less common in their lifetime, while flooding had become more common. BBC.
George Osborne to toughen rules on market abuse
George Osborne plans to make manipulation of foreign exchange, fixed income and commodities benchmarks a criminal offence in order to shire up London’s status as an international banking and markets hub. The chancellor will announce the intention to extend the legislation regulating Libor to cover other benchmarks today. Financial Times.
European Commission launches tax probe into Apple, Starbucks and Fiat
Fiat, Starbucks and Apple all face investigations into their tax affairs by the European Commission. The action comes against a backdrop of mounting public anger over the complex structures used by multinationals to cut their tax bills and will also serve to heighten pressure on the three countries concerned – Luxembourg, Netherlands and Ireland – all of which have found favour with companies seeking to pay less. Independent.
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