Compensation cap for severe weather power loss upped from £700 to £2,000 as ‘lessons learned’ by Ofgem September 1, 2023 The compensation cap for households and businesses that lose power in severe weather has increased from £700 to £2,000 after “lessons learnt” in the aftermath of Storm Arwen. Under Ofgem’s new rules, the initial payment will also increase, from £70 to £80, if a customer’s supply is not restored after 24 hours in a category [...]
City firms fire £1.5tn warning shot at Sunak over lack of net zero clarity August 29, 2023 Top City firms have fired a warning shot at Rishi Sunak over a lack of “long term clarity” on net-zero today after ministers have wavered on a number of climate commitments in recent weeks.
Sunak’s China strategy set for first real test as Cleverly prepares for Beijing trip August 28, 2023 Cleverly is widely expected to fly to Beijing this week, marking the first visit to China by a UK foreign secretary in five years.
Greta Thunberg pulls out of Edinburgh book festival over investment sponsor’s ‘greenwashing’ August 4, 2023 Climate activist Greta Thunberg has pulled out of an appearance at the Edinburgh International Book Festival, accusing one of the event’s sponsors of “greenwashing”. Ms Thunberg, 20, was due to speak at an event on August 13, but has pulled out in protest over sponsors Baillie Gifford, an investment management firm she claims invests “heavily” [...]
Tory MPs pile pressure on Sunak to retain green policies July 25, 2023 Senior Tory MPs have warned Rishi Sunak against backing away from policies aimed at tackling climate change. Labour’s loss in the recent Uxbridge and South Ruislip by-election has been interpreted by some as a de-facto referendum on the controversial ULEZ expansion. Danny Beales, who lost to the Conservative candidate Steve Tuckwell by just 495 votes, [...]
Extreme heat isn’t stopping Brits going on holiday yet – but it might do by 2028 July 21, 2023 Deadly heatwaves across Europe, the US and China are not causing Brits to cancel their holidays just yet, but travel insurance firms are preparing for that trend in the future. The UK foreign office issued new travel warnings on Tuesday about the “extreme temperatures” especially in Spain, Italy and Greece – known as the Cerberus. [...]
New sustainability reporting standards are a game changer for businesses July 20, 2023 In June, the International Sustainability Standards Board (ISSB) published its long-awaited inaugural standards for sustainability reporting. The launch of the standards is widely regarded as a hugely important milestone in the global fight against climate change. By providing a global baseline for businesses to report comparable information on sustainability issues, the new standards should make [...]
Dear Earth at the Hayward review: Vital and impressive June 26, 2023 Group exhibitions are a tricky thing to get right but the Hayward Gallery shows how it should be done with the excellent exhibition Dear Earth. It brings together 15 artists, all working in different mediums, addressing the issue of climate change. As you walk in you’re greeted by Otobong Nkanga’s giant tree, its roots exposed, [...]
Doling out more debt to developing countries won’t help without giving them a global voice June 23, 2023 Can we stop burying countries at risk of climate change in more debt?
Brett Christophers: Be wary of outsourcing climate change response to ‘ruthlessly extractive’ asset managers June 18, 2023 Academic Brett Christophers has warned that governments’ attempts to outsource the response to climate change to asset managers, such as those at Blackstone and Brookfield, will have damaging consequences. Christophers, who recently published Our Lives in their Portfolios, told City A.M. that “the infrastructural response to climate change both in terms of mitigation and adaptation [...]