India's IREDA files insolvency application against Gensol Engineering
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The Guardian
an hour ago
- The Guardian
Fewer green energy tariffs offered as British households opt for cheaper deals
The number of green energy tariffs available to British households has plummeted during the cost of living crisis as bill payers choose affordability over sustainability, according to industry data. Energy suppliers have pulled tariffs advertised as 'green' from the market since Russia's invasion of Ukraine in February 2022 triggered a global energy crisis that pushed gas and electricity bills to record highs. Green tariffs, which are typically more expensive than standard deals, made up about 85% of the UK's supply market in 2022 as climate-conscious households opted to pay a premium for deals backed by renewable energy. But industry data, commissioned by the Guardian, has revealed that energy suppliers have radically scaled back their green offerings, which now make up about a fifth of the tariffs on the market. William Mann-Belotti, an analyst at Cornwall Insight, an energy consultancy, said demand for tariffs backed by renewable energy had fallen because 'green credentials aren't a higher priority than cost … Amid a cost of living crisis, it becomes difficult to sell pure green tariffs at a premium'. Energy tariffs marketed as green typically promise to supply renewable energy rather than power from a mix of sources provided to the UK's power grids, either by matching each unit of energy sold with a renewable energy certificate bought in an open market, or through a direct deal with a renewable energy generator. The consultancy found that the number of green dual-fuel tariffs has halved in the last year alone. Last month there were 13 dual-fuel green tariffs available to consumers out of 57, compared with last summer when there were 24 green tariffs on offer out of 56 dual-fuel energy deals. All the energy deals now advertised as 'green' on the uSwitch price comparison website, including dual-fuel and separate gas and electricity tariffs, have made up just 18% of the overall total this year, data from the switching service shows. Before Russia's invasion of Ukraine, green energy deals made up 85% of all energy tariffs on offer on the price comparison site, according to uSwitch data. 'Consumer choice plays a strong role in what is offered on the market, so cost concerns might see people switching away from more expensive green tariffs. This would therefore reduce the demand for them,' Mann-Belotti said. 'Also, there are other ways for people to reduce their carbon footprint, with quite the increase in solar PV installations in recent years.' Sign up to Business Today Get set for the working day – we'll point you to all the business news and analysis you need every morning after newsletter promotion However, the Uswitch data revealed some good news for climate-conscious households. Although there are fewer green tariffs on the market today, the deals available are 'greener' than they used to be. Uswitch grades each tariff marketed as green to help customers avoid greenwashed deals. In 2021, fewer than 15% of tariffs received a gold- or silver-standard rating from the switching service, but last year nine of the 10 green tariffs on its site were ranked at this level, leaving a single tariff ranked bronze. The stronger green credentials behind these tariffs reflect a shift away from using renewable energy certificates to guarantee the origin of the electricity – called 'greenwashing' by consumer groups and investigated by the government. Instead, suppliers are opting to buy clean energy directly from renewable energy projects. Others sell energy that is cheaper when there is more renewable energy across the country as an incentive to use more clean power when it is available.
Daily Mail
an hour ago
- Daily Mail
World's most and least populated countries REVEALED - as charts show how the UK slipped out of top 20
Nearly 70 per cent of the world's countries have seen their populations double since 1960, Daily Mail can reveal. Mesmerising charts show how the global population has rocketed to exceed 8billion, despite global birth rates plummeting to all-time lows. The United Arab Emirates and Qatar saw the largest leaps during the period, of over around 8,000 per cent, to 10.8m and 2.8m, respectively. Eight countries saw their population decrease, with Bulgaria recording the biggest fall (-18 per cent). India – home to 1.45billion people – officially overtook China to top spot in 2023, with its population having tripled in size since the 60s. Over a third of the world now live in one of the two nations, World Bank figures show. The US ranks a distant third at around 340million people. For context, that's approximately one billion fewer than 2nd-placed China, which is battling a population slump that has fuelled concerns of an impending 'disaster' for the economic superpower. Between 1979-2015, the Chinese Communist Party maintained its controversial one-child policy in a bid to curb its post-war baby boom. But a decade later, the country's birth rate has plunged and the government is even offering parents a £375 per child annual bursary to reverse the decline. India's staggering population could even be an undercount because it hasn't carried out a census for 14 years. Prime Minister Narendra Modi announced earlier this month that India would undergo a full population count over the next two years. The Pacific island of Tuvalu, meanwhile, has the smallest population in the world – at below 10,000. In terms of the global league table, the UK's population of 69million ranks 21st. It has increased by 32.1 per cent since 1960, when it ranked 9th. The total world population has shot up 168.3 per cent in the same timeframe. Despite the enormous population growth across the majority of the planet over the last 60 years, demographers warn the world is in the throes of a massive population crisis. More than half of nations globally have a fertility rate below 2.1 – the recommended amount to sustain current populations. Women in England and Wales, on average, now only have 1.44 children. This is the lowest level since records began in the 30s. Yet, in parts of the country, this is as low as 0.1 – the equivalent of one child for every ten women of childbearing age, the Daily Mail revealed last month . Without replenishment of an ageing population, scientists claim public services and economic growth are at risk. Ever-declining birth rates will also heap extra pressure on the NHS and social care. Commentators warned that policymakers need to 'wake up to the fact that falling fertility rates are one of the greatest threats' to the West and that the country could become increasingly reliant on migration. Looking ahead to 2100, nearly half of the world's countries' populations are expected to shrink, forecasts suggest. Ukraine, Jamaica and Albania are among 14 nations set to halve in size. Hong Kong is expected to slide the most, at 72.4 per cent. China will, according to estimates by the World Bank Group, dip below 1billion in 2071 and end the century at around 633m. India's population is expected to peak in the late 2060s. As of 2024, more than 60 countries including China, Germany, and Japan have already hit their peak populations, according to the figures. On the contrary, African and Middle Eastern nations are set to undergo a boom. Atop the list is Angola, a nation of 37m. By 2100, it is expected to grow to over 150m people – a leap of nearly 300 per cent. Close behind are the Democratic Republic of Congo (294.2 per cent) and Tanzania (283.4 per cent) The UK's population is expected to creep up by 7.3 per cent to just north of 74m. The US, meanwhile, is projected to see a 23.9 per cent leap to nearly 430m. Biggest % growth 1. UAE - 10,876,981 (81881.9 per cent) 2. Qatar - 2,857,822 (7,836 per cent) 3. Kuwait - 4,973,861 (1,499 per cent) 4. Sint Maarten - 43,350 (1,496 per cent) 5. Saudi Arabia - 35,300,280 (1349.7 per cent) 6. Djibouti - 1,168,722 (1,258 per cent) 7. Jordan - 11,552,876 (1,253 per cent) 8. Oman - 5,281,538 (895.6 per cent) 9. Bahrain - 1,588,670 (860 per cent) 10. Cayman Islands - 74,457 (783.5 per cent)
The Independent
4 hours ago
- The Independent
India signals it will keep buying Russian oil despite Trump tariff threat
India has suggested it will continue purchasing oil from Russia despite US president Donald Trump 's threats to hit Delhi with new tariffs over the imports. Foreign ministry spokesperson Randhir Jaiswal told reporters on Friday that India 's energy decisions were based on market availability and global conditions, adding that ties with Moscow were 'steady and time-tested' and should not be seen through the prism of a third country. Mr Trump said earlier this week that he plans to impose a 25 per cent tariff on Indian goods along with an additional import tax in response to Delhi 's continued buying of Russian crude. The US president has stepped up warnings against nations doing business with Moscow as Washington seeks leverage over Russia 's war in Ukraine. India bought about 68,000 barrels of crude oil a day from Russia in January 2022, but this rose to 1.12 million barrels per day by June that year, peaking at 2.15 million barrels a day in May 2023, according to data from analytics firm Kpler cited by Press Trust of India. Russian supplies at one point made up nearly 40 per cent of India's total oil imports, making Moscow its biggest crude supplier. While the Indian government may not be deterred by Mr Trump's threats, Reuters news agency earlier reported that Indian state refiners stopped buying Russian oil after July discounts narrowed to their lowest since 2022 - when sanctions were first imposed on Moscow - due to lower Russian exports and steady demand. Indian Oil Corp, Hindustan Petroleum Corp, Bharat Petroleum Corp and Mangalore Refinery Petrochemical Ltd have not sought Russian crude in the past week or so, four sources told Reuters. Reacting to the reports, Mr Trump told reporters: 'I understand that India is no longer going to be buying oil from Russia. That's what I have heard. I don't know if that's right or not. That is a good step. We will see what happens.' He added that despite his tariff announcement, trade deal talks with India were progressing. India consumes around 5.5 million barrels of oil a day, importing roughly 88 per cent of its needs. The world's third-largest crude buyer after China and the US shifted sharply towards Russian supplies after the invasion of Ukraine in February 2022, taking advantage of steep discounts as Western nations turned away from Moscow's energy exports.
