LONDON: Britain is set to miss its 2020 European renewable energy targets, a parliamentary committee report said on Friday, setting a poor example for less wealthy countries as the world tries to rein in global warming.
Britain has a target to meet 15 percent of its energy needs from renewable sources by 2020, but had achieved just over 8 percent by the end of 2015.
"The UK will miss its 2020 renewable energy targets without major policy improvements," said Angus MacNeil, chair of the cross-party Energy and Climate Change Committee.
Britain's electricity sector is on course to meet its expected contribution to the target but energy used in transport and for heating homes and buildings is well behind what is needed, the committee report said.
The renewable target is a legally binding commitment set by the European Union.
"Our priority is providing secure, affordable and clean energy for families and businesses. Renewable energy already makes up around 25 percent of our electricity and we're on track to hit our overall targets," a spokeswoman for the Department for Business, Energy and Industrial Strategy (BEIS) said.
Britain could be fined if it misses the target, although Britain's decision earlier this year to leave the European Union means the status of such targets is unclear.
However, the lawmakers said a lack of clarity should not deter the country from trying to meet the goal.
"We agreed our 2020 renewable energy targets as part of the EU but they still have many merits, even as the UK Government prepares for Brexit," MacNeil said.
"If the UK reneges on these targets, it will undermine confidence in the Government's commitment to clean energy and the climate targets agreed in Paris," he said.
Last year, more than 190 countries agreed at climate talks in Paris to limit increases in global temperatures to well below 2 degrees.
Britain has been seen as a leader in efforts to fight climate change and has a domestic target to cut emissions by 80 percent compared with 1990 levels by 2050.
"The latest Climate Change Performance Index shows the UK is the second best country in the world on tackling climate change," the BEIS spokeswoman said.
Meanwhile, the head of euro zone finance ministers Jeroen Dijsselbloem said on Friday Britain must make up its mind on the start of formal divorce procedures with the European Union as its economy stands to lose the most from the prolonged uncertainty.
EU leaders have pressed Britain to initiate formal exit talks as soon as possible after voters chose to split from the bloc in a referendum in June, although the government plans to take until at least the end of the year to form a negotiating stance.
"For the Brexit process, it really is up to the British to make up their minds, in terms of when to start and how to get it on the road," Dijsselbloem told reporters in Bratislava before a meeting of the Eurogroup countries using the euro currency.
"I think, in the end, it will be the British economy that is damaged most, which I don't hope for but, I mean, this is my concern."
He also said he felt there was a strong political commitment from the EU's remaining 27 members to move forward together.
Other ministers said the so-called Brexit would be part of talks that should focus on improving the EU.
Britain is set to miss 2020 renewable energy target
Britain is set to miss 2020 renewable energy target
UAE adds 250k companies in 2025, says minister
RIYADH: The UAE saw 250,000 new companies in 2025, bringing the total number of businesses operating in the Emirates to 1.4 million, said Abdulla bin Touq Al-Marri, the country’s minister of economy and tourism.
Speaking during a media briefing, Al-Marri said that the number of small businesses in the Emirates has grown by 53 percent over the past five years.
The minister added that the UAE has attracted around 760,000 companies since the introduction of full foreign ownership for commercial businesses in September 2021.
Until the end of 2025, the number of firms operating in the country increased by 118.7 percent compared to the end of the first half of 2021.
Discussing new amendments to the Commercial Companies Law, Al-Marri said that they provide a comprehensive and clear legal framework that supports the growth of the companies and their long-term sustainability.
“The amendments grant multiple quotas and share classes in limited liability companies and public and private joint stock companies as a legal right, compared to the previous system where this right was limited to public joint stock companies through a Cabinet decision,” said the minister.
The amendments also facilitate access to financing and investment opportunities, and are expected to strengthen companies’ ability to continue operations and expand geographically across free zones and financial free zones.
The minister further highlighted that the law enhances the ease of doing business and ensures smoother entry to the markets by allowing the transfer of a company’s registration between Emirates, free zones and financial free zones, while maintaining the company’s original legal terms.
“The UAE is among the first countries in the Middle East to allow multiple quota classes for LLCs, while many countries restrict this to joint stock companies, particularly public joint stock companies. It enhances flexibility in ownership structures and better regulates the relationship among shareholders,” said Al-Marri.
The minister added that the total number of business registrations and licenses in the UAE is expected to increase by 10 to 15 percent within the first year of implementing the new amendments.
Al-Marri revealed that the UAE witnessed the registration of approximately 37,794 national and international trademarks in 2025.
The number of registered trademarks also rose by 74 percent over four years, underscoring the Emirates’ business-friendly environment.
In terms of intellectual property, 3,595 works were registered in 2025, representing a 124 percent growth rate over four years.
The minister said that the contribution of the tourism sector to the country’s gross domestic product reached 291 billion dirhams ($79.24 billion) by the end of 2025.
Currently, tourism contributes 15 percent to the country’s GDP compared to 6 percent in 2021.
Al-Marri added that the UAE economy is projected to grow by 5 percent in 2025, driven by the continued expansion of non-oil sectors, whose contribution reached 77.5 percent to the nation’s GDP by the end of the first half of 2025.









