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Rishi Sunak and Grant Shapps will lead an intensive series of engagements this week in a determined effort to strengthen the UK’s energy independence.

The prime minister and energy security secretary are meeting with industry leaders from oil, gas and renewable sectors aimed at driving forward measures to safeguard national energy security and diminish reliance on potentially hostile states.

Drawing upon the UK’s expertise in the energy industry, Mr Sunak will outline plans that emphasise job creation and economic expansion while ensuring leaders such as Vladimir Putin can never again exploit energy as a weapon to blackmail other nations.

Central to the government’s energy security strategy is a significant emphasis on empowering Britain through domestic resources.

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PM: ‘We’re making it easier for people’

Mr Sunak is expected to unveil investment plans that prioritise powering up the UK from within. This approach seeks to reduce dependency on imported fossil fuels by bolstering the domestic oil and gas industry, investing in cutting-edge clean technologies, and isolating Russia’s regime from global energy markets.

The government’s goal is to ensure the UK seizes opportunities to fortify its energy infrastructure in the present, and to secure long-term energy independence, resilience, and prosperity for the future.

Analysis: Green policies seen as election battleground

Another week, another policy push. On Monday the government revealed a new housing strategy, next week the focus will be on energy security.

The details however are still light: Rishi Sunak will meet energy bosses, support is expected new renewables but there remains a commitment to oil and gas in the North Sea. The Sunday Times reports the prime minister will announce multimillion-pound funding for a carbon capture project in Scotland.

It comes as Rishi Sunak’s green credentials come under fire: the government is accused of watering down and weaponising environmental policies like ULEZ in Uxbridge, west London.

There is certainly evidence in the Sunday newspapers they see green policies as an election battleground. Writing in the Sun on Sunday Grant Shapps says Keir Starmer’s stance on new oil and gas licences “threatens the lights going out”, and the Telegraph reports that Rishi Sunak is “on motorists’ side” over anti-car schemes.

What’s clear is the PM wants to set the agenda in recess, with long-term strategies on energy and housing. The trouble is the Conservatives may not be in power long enough to see any of this through.

Mr Shapps said: “Energy security is national security. Since Putin’s illegal invasion of Ukraine, the government has driven Putin from our energy market, paid around half of a typical family’s energy bill and grown our economy by driving forward major energy projects.

“This week we will go even further. Forging ahead with critical measures to power up Britain from Britain – including supporting our invaluable oil and gas industry, making the most of our home-grown energy sources and backing British innovation in renewables.”

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How Russia affects our energy bills

He added: “And across government, we will champion Britain’s businesses to deliver on the prime minister’s priority of growing the economy – helping them to create new jobs and even whole new industries across the UK.”

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In line with these efforts, the week’s agenda will also highlight support for British innovation in emerging industries, particularly in areas such as carbon capture and storage. It will also showcase initiatives aimed at accelerating the adoption of cutting-edge renewable technologies across the country.

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The government’s strategic push for energy security builds upon the UK’s years of critical support for the North Sea oil and gas sector and its world-leading achievements in renewable energy.

The UK has so far cut emissions by 48% between 1990 and 2021, while growing the economy by 65% over the same period.

Some 41.5% of the nation’s electricity comes from renewable sources in 2022 – up from 6.7% in 2010 – as the UK leads the world in the response to Mr Putin’s invasion of Ukraine and driving Russia out of its energy market for good.

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Circle gets Abu Dhabi greenlight amid UAE stablecoin and crypto push

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Circle gets Abu Dhabi greenlight amid UAE stablecoin and crypto push

Stablecoin issuer Circle has secured regulatory approval to operate as a financial service provider in the Abu Dhabi International Financial Center, deepening its push into the United Arab Emirates.

In an announcement Tuesday, Circle Internet Group said it received a Financial Services Permission license from the Financial Services Regulatory Authority of the Abu Dhabi Global Market (ADGM), the International Financial Centre of Abu Dhabi. This allows the stablecoin issuer to operate as a Money Services Provider in the IFC.

The USDC (USDC) issuer also appointed Saeeda Jaffar as its managing director for Circle Middle East and Africa. The new executive also serves as a senior vice president and group country manager for the Gulf Operation Council at Visa and will be tasked with developing the stablecoin issuer’s regional strategy and partnerships.

Circle co-founder, chairman and CEO Jeremy Allaire said that the relevant regulatory framework “sets a high bar for transparency, risk management, and consumer protection,” adding that those standards are needed if “trusted stablecoins” are going to support payments and finance at scale.

UAE, Circle, Stablecoin
Source: Circle

Related: Abu Dhabi Investment Council triples stake in Bitcoin ETF in Q3: Report

Abu Dhabi awards a wave of licenses

The ADGM has recently awarded licenses for financial operations to a wave of crypto companies. Earlier this week, Tether’s USDt (USDT) — the largest stablecoin by circulation and Circle’s top competitor — secured a regulatory milestone in Abu Dhabi’s international financial center, as did Ripple’s dollar-pegged stablecoin Ripple USD at the end of November.

On Monday, crypto exchange Binance was granted three separate licenses from Abu Dhabi’s financial regulator, allowing it to operate its exchange, clearing house and broker-dealer services. This followed its competitor Bybit receiving regulatory approval in the UAE in early October.

Related: HSBC to bring tokenized deposits to US and UAE as stablecoin race heats up

UAE bets on crypto

The Central Bank of the UAE has been actively reviewing its cryptocurrency regulations. In November, it introduced rules for decentralized finance (DeFi) and the broader Web3 industry.

The newly introduced Federal Decree Law No. 6 of 2025 brings DeFi platforms, related services and infrastructure providers under the scope of regulations if they enable payments, exchange, lending, custody, or investment services, with licenses now required. Local crypto lawyer Irina Heaver said that “DeFi projects can no longer avoid regulation by claiming they are just code.”

Heaver told Cointelegraph at the end of 2024 that during that year the country cemented its status as a global crypto hub.

In October 2024, the UAE exempted cryptocurrency transfers and conversions from value-added tax, just a month after Dubai’s digital asset regulator announced stricter rules on crypto marketing. Around the same time, local free economic zone Ras Al Khaimah Digital Assets Oasis was also working to introduce a legal framework for decentralized autonomous organizations.

Local regulators were not shy about enforcing the rules, with Dubai’s Virtual Assets Regulatory Authority cracking down on seven unlicensed crypto businesses, issuing fines and cease-and-desist orders.

Magazine: Review: The Devil Takes Bitcoin, a wild history of Mt. Gox and Silk Road