Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Finance > UK's Miliband vows to lead in clean energy, demand corporate net zero strategies
    Finance

    UK's Miliband vows to lead in clean energy, demand corporate net zero strategies

    Published by Global Banking & Finance Review®

    Posted on June 25, 2025

    3 min read

    Last updated: January 23, 2026

    UK's Miliband vows to lead in clean energy, demand corporate net zero strategies - Finance news and analysis from Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:sustainabilityrenewable energyClimate ChangeUK economycorporate strategy

    Quick Summary

    Ed Miliband commits to net zero strategies, aiming to make the UK a clean energy leader and London a sustainable finance hub.

    Ed Miliband Commits to Corporate Net Zero Strategies for Clean Energy

    By Virginia Furness and Simon Jessop

    LONDON (Reuters) -Cutting emissions and investing in the green economy put Britain on the right path, energy secretary Ed Miliband said on Wednesday, as he pledged to push large companies to detail exactly how they plan to align their businesses with the shift.

    The government is under pressure from opposition parties over the perceived costs of the shift to net zero emissions at a time when energy costs remain high following Europe's shift away from Russian energy imports over Moscow's 2022 Ukraine invasion.

    Speaking to a gathering of climate investors, scientists and civil society groups at London Climate Action Week, however, Miliband reiterated its commitment to decarbonising the economy and stimulating green business growth.

    "Our mission is to make Britain a clean energy superpower by accelerating to net zero across the economy," he told the flagship conference at the climate festival, which brings together over 45,000 delegates, attending more than 700 side events.

    Central to the plan will be requirements for large companies to set out detailed plans for how they will cut their carbon emissions to align with a target of limiting global warming to 1.5 degrees of over pre-industrial levels.

    The government is also seeking to position London as a global sustainable finance hub. In a statement on Wednesday, it said it was weighing new sustainability reporting standards, which set out the information companies must provide to investors on sustainability-related financial risks and opportunities.

    Miliband said while increasingly severe weather events showed the urgency of the climate crisis, Russia's invasion of Ukraine and rising energy prices highlighted the need to deliver energy security from cheaper renewable sources.

    "Ours is ... a hard-headed determination to get off the roller coaster of fossil fuel markets with cheaper, clean, home-grown energy that we control," he said.

    Britain's plans to reach net zero by 2050 depend on its ability to slash energy prices to speed up the adoption of emission-curbing technology, such as electric vehicles and heat pumps, independent advisers to the government on climate change said on Wednesday.

    "By far the most important recommendation we have for the government is to reduce the cost of electricity both for households and businesses," Piers Forster, interim chair of the Committee on Climate Change, said at a briefing on its annual progress report.

    Miliband's comments on green growth followed the publication earlier in the week of Britain's new industrial strategy, which laid out plans to invest more than 30 billion pounds ($40.84 billion) a year by 2035 in areas such as renewable energy.

    New analysis overnight from the Energy Transitions Commission and consultants Systemiq found that 40% of the solutions needed to move the economy to net zero - for example twinning solar power and battery storage - were already more cost-effective than fossil fuels or would be by 2030.

    "We now need the right policies to enable other sectors of the economy to reach that tipping point, and to enable all countries to share in the economic opportunities created," said Energy Transitions Commission's chair Adair Turner.

    ($1 = 0.7346 pounds)

    (Additional reporting by Susanna Twidale, Will James and Sachin Ravikumar; Editing by Joe Bavier)

    Key Takeaways

    • •Ed Miliband commits to corporate net zero strategies.
    • •UK aims to become a clean energy superpower.
    • •London seeks to be a global sustainable finance hub.
    • •Government considers new sustainability reporting standards.
    • •Focus on reducing energy costs to achieve net zero by 2050.

    Frequently Asked Questions about UK's Miliband vows to lead in clean energy, demand corporate net zero strategies

    1What is Ed Miliband's goal regarding clean energy?

    Ed Miliband aims to make Britain a clean energy superpower by accelerating the transition to net zero across the economy.

    2What pressure is the UK government facing?

    The government is under pressure from opposition parties concerning the costs associated with the shift to net zero emissions amidst high energy prices.

    3What are large companies required to do under the new plans?

    Large companies will be required to outline detailed plans for reducing their carbon emissions to align with the target of limiting global warming to 1.5 degrees Celsius.

    4How does the government plan to support the transition to net zero?

    The government is considering new sustainability reporting standards to enhance corporate accountability and position London as a global sustainable finance hub.

    5What is a key recommendation from the Committee on Climate Change?

    The Committee on Climate Change recommends that the government reduce the cost of electricity for both households and businesses to facilitate the transition to net zero.

    More from Finance

    Explore more articles in the Finance category

    Image for Hungary's opposition Tisza promises wealth tax, euro adoption in election programme
    Hungary's opposition Tisza promises wealth tax, euro adoption in election programme
    Image for Farmers report 'catastrophic' damage to crops as Storm Marta hits Spain and Portugal
    Farmers report 'catastrophic' damage to crops as Storm Marta hits Spain and Portugal
    Image for If US attacks, Iran says it will strike US bases in the region
    If US attacks, Iran says it will strike US bases in the region
    Image for Olympics-Biathlon-Winter Games bring tourism boost to biathlon hotbed of northern Italy
    Olympics-Biathlon-Winter Games bring tourism boost to biathlon hotbed of northern Italy
    Image for Analysis-Bitcoin loses Trump-era gains as crypto market volatility signals uncertainty
    Analysis-Bitcoin loses Trump-era gains as crypto market volatility signals uncertainty
    Image for NatWest closes in on $3.4 billion takeover of wealth manager Evelyn, Sky News reports
    NatWest closes in on $3.4 billion takeover of wealth manager Evelyn, Sky News reports
    Image for Stellantis-backed ACC drops plans for Italian, German gigafactories, union says
    Stellantis-backed ACC drops plans for Italian, German gigafactories, union says
    Image for US pushes Russia and Ukraine to end war by summer, Zelenskiy says
    US pushes Russia and Ukraine to end war by summer, Zelenskiy says
    Image for Russia launches massive attack on Ukraine's energy system, Zelenskiy says
    Russia launches massive attack on Ukraine's energy system, Zelenskiy says
    Image for Russia launched 400 drones, 40 missiles to hit Ukraine's energy sector, Zelenskiy says
    Russia launched 400 drones, 40 missiles to hit Ukraine's energy sector, Zelenskiy says
    Image for The Kyiv family, with its pets and pigs, defying Russia and the cold
    The Kyiv family, with its pets and pigs, defying Russia and the cold
    Image for Two Polish airports reopen after NATO jets activated over Russian strikes on Ukraine
    Two Polish airports reopen after NATO jets activated over Russian strikes on Ukraine
    View All Finance Posts
    Previous Finance PostMars' $36 billion Kellanova deal gets US antitrust approval as EU opens investigation
    Next Finance PostGermany's retail, industrial, energy sectors criticise power subsidy plan