London now boasts $28bn worth of climate tech startups – more than anywhere else in Europe October 26, 2021 Climate tech investment is booming in London, where the combined value of startups in the sector has almost tripled in the last year to $28bn – ahead of rival tech hubs in Europe and beyond. London is second only to Silicon Valley in terms of the size of its ecosystem of climate tech companies, which [...]
Net zero shift: Fintech’s urge government to offer discounted green loans to SMEs October 25, 2021 The government has been called on to offer discounted green loans to small and medium sized enterprises (SMEs) as they grapple with the net zero transition. A group of fintech’s led by finance marketplace Funding Options and lender Swishfund has spearheaded the call, as SMEs fall behind in the race to net zero – with [...]
World will ‘never forgive’ leaders for not making hard choices to save planet, says Lord Deben October 25, 2021 The world will “never forgive” leaders for not making the hard choices needed to save the planet from the climate crisis at COP26, chairman of the UK’s Climate Change Committee has said. “We know that we face total destruction and we know how to prevent it, isn’t that a wonderful challenge,” Lord Deben, also known [...]
Insulate Britain warns more road-blocking protests are coming: ‘Injunctions change nothing’ October 25, 2021 Climate group Insulate Britain has pledged to restart its road-blocking protests despite the risk of its members being jailed or fined. The organisation, which has caused misery for drivers with protesters sitting on the M25 motorway and other major roads, has said the pause to its “campaign of civil resistance” runs out on October 25. [...]
Green, open and fiscally responsible: business demands revealed ahead of Budget October 25, 2021 UK businesses are calling on the Chancellor to focus on attracting investment back into the country as well as using incentives, rather than purely taxes, to transition to a greener economy. Data from EY’s Budget survey revealed that two third of the 1,000-plus businesses interviewed listed attracting investments as their main priority. However, respondents also [...]
Senior KPMG partner responds to Sadiq Khan’s COP26 call for London to get more powers October 22, 2021 Anna Purchas, a senior Partner at KPMG in London, wrote to City A.M. today as she responded to our article ‘Sadiq Khan will use the upcoming COP26 to vouch for cities like London to have greater powers and funding.’ Dear City A.M., I read with interest that our London mayor Sadiq Khan will use the upcoming [...]
Scottish rail strike threatens to spoil the COP26 climate party in Glasgow October 22, 2021 A long-running rail dispute could see staff take strike action during the forthcoming UN Cop26 climate change summit. Nicole is being urged to personally intervene to resolve the row. Mick Lynch, general secretary of the RMT union, accused rail bosses of having “dragged their heels over further talks”, despite the fact that the “clock is [...]
City’s CO2 emissions slashed by more than 60 per cent in 15 years October 21, 2021 Carbon emissions in the City of London have plummeted by more than 60 per cent in the past 15 years, according to the latest data. While emissions in Westminster halved in the period between 2005 and 2019, the Office for National Statistics (ONS) found. It comes as the capital plans to extend its ultra-low emission [...]
UK’s second green gilt secures over £70bn of investor demand October 21, 2021 More than £74bn has been offered to the government in demand for its second green government bond which had its order book gates thrown open today. It comes a month after its first green gilt which attracted a record £100bn in demand from hungry investors. The appetite for environment, social and governance (ESG) focussed loans [...]
UK consumers are more worried about climate change than Covid, as COP26 nears October 21, 2021 Climate change is a bigger concern for UK consumers than the Covid-19 pandemic and or the economy. SEC Newgate ESG Monitor has published a research study of public attitudes to environmental, social and governance (ESG) principles, revealing that 71 per cent of British people are concerned about climate change. The percentage of people that put [...]