Scottish Government publish climate change action plan: The Scottish Government has published a draft 150-point action plan for up to 2040 for consultation. The plan has been welcomed by the independent Government sponsored Climate Change Committee. Key elements of the plan are to set a target to decarbonise building heat systems by 2045, to phase out new diesel and petrol cars by 2030, increase woodland creation so that by 2029/30 18,000 hectares are planted every year, with 21% woodland cover in Scotland by 2032 and increasing peatland restoration by 10% each year to 2030. The five-year carbon budget targets are intended to reduce emissions to 57% by 2030, 69% by 2035, 80% by 2040 and 94% by 2045 compared to 1990 levels. Responses to the consultation are requested by 29 January 2026.
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UK Strategy for future retail payments infrastructure published: A headline strategy setting out the requirements to be met by a new retail payments system for the UK developed by the Payment vision delivery committee has been published jointly by the Treasury, Bank of England, Financial Conduct Authority and the Payment Systems Regulator. Key elements of the strategy are:
- Consumers and businesses have a great choice of innovative and cost-efficient payment options that meet their needs.
- Payment systems operate seamlessly as part of a diverse multi-money ecosystem with interoperability between new and existing forms of digital money.
- Consumers and businesses can trust that their payments are protected from fraud and wider financial crime.
- Participant firms have fair, transparent, non-discriminatory access to the infrastructure – maximising competition and scope for innovation across the payment systems
- The payments system is operationally and financially resilient.
The Bank of England has convened a ‘Retail Payments Infrastructure Board to take the strategy forward over the coming years. View >
DEFRA Publish proposals to go faster and further on reduction in use of HFC refrigerants: DEFRA has launched a consultation proposing achieving an almost full phase-out of Hydrofluorocarbon refrigerant chemicals by 2048, a 98.6% cut with changes being introduced from 2027. This goes much further than the current target of cutting the amount coming onto the market by 79% by 2030. A range of options are put forward for the phase out process. Responses are requested by 17 December. News > Consultation >