COP26: Britain’s fossil fuel dilemma explained in 90 seconds October 20, 2021 Britain faces a fossil fuel dilemma: it can burnish its green credentials by halting new oil and gas development in the North Sea, yet doing so will leave it more reliant on imported fuel. Watch the full report.
Decarbonisation of aviation: Is the govt ignoring its own evidence on airport expansion? October 20, 2021 The Government appears to ignore its own evidence when it comes to airport expansion and the decarbonisation of aviation. The Net Zero Strategy published yesterday, highlights how difficult it is to decarbonise aviation and places heavy reliance on the development of ‘sustainable aviation fuels’. The indicative transport pathway includes expected emissions reductions across transport of [...]
Rio Tinto to halve carbon output by 2030 with $7.5bn worth of investments October 20, 2021 Anglo-Australian miner Rio Tinto is set to halve its carbon output by 2030, which it said will be supported by around $7.5bn in investments. The new emissions goal, which more than triples its previous target, should see the mining giant slash its scope one and two emissions, meaning it seek to limit the emissions produced [...]
London’s Satellite Vu bags £15m in Series A as it plots to decarbonise the housing sector October 20, 2021 London-based space tech scale-up Satellite Vu has raised £15m in Series A funding, as it readies plans to launch seven thermal and infrared imaging satellites into orbit. The satellites will be able to provide real-time data on how green, or energy efficient, every building on the planet is – as the UK seeks to decarbonise [...]
The UK’s smaller businesses are lagging in net zero push, says British Business Bank October 20, 2021 Smaller businesses are responsible for around half of the UK’s business-produced emissions, according to new research by the British Business Bank. Despite climate commitments like net zero pledges becoming more prevalent among businesses as the government embarks on its ‘green revolution’, only around half of smaller firms have decarbonisation or cutting their environmental impact as [...]
Sustainability Reporting Standards – can the world sing in perfect harmony? October 20, 2021 | City Talk Anne Adrain, Head of Sustainability and Reporting at ICAS, highlights the need for harmonisation in the development of global sustainability standards. In a world where, traditionally, developments in financial reporting have rarely tended to move quickly, the speed with which standard setters have positioned themselves to tackle the issue of sustainability reporting is impressive. But [...]
Legal & General: UK risks locking out lower income households from making net zero transition October 20, 2021 The UK risks missing its net zero target by limiting the climate transition only to higher income households, according to a new report by Legal & General. The government’s new boiler strategy will see £5,000 pound grants given to households to swap out gas boilers for lower carbon options such as heat pumps. However, the move risks locking [...]
Foreign investors pile into London’s green dream, making it the ‘cleantech’ capital of Europe October 19, 2021 London was the leading city in Europe for ‘cleantech’ projects last year, with investors piling into the cause as the UK chases its net zero target and maps its ‘levelling up’ agenda. The UK snagged one in six of all foreign direct investment that came in behind cleantech last year, according to Big Four firm [...]
Most Brits support net zero policies – until they make life more expensive October 18, 2021 The majority of the public support net zero policies, until they curb personal freedoms and make life more expensive, according to new research. Policies like increasing taxes on red meat and dairy rallied the least support across the older generations, while frequent flyer levies failed to pull in younger, travel-hungry, individuals, according to the research [...]
Private equity firms rush to go green as investors dodge climate risky investments October 18, 2021 “Climate risk is investment risk,” the ESG lead at investment heavyweight BlackRock has said, as the UN’s Principles for Responsible Investment (PRI) has outlined not only what countries need to do to hold back climate change, but what they are likely to achieve. To meet the Paris Agreement’s goals, countries will need to retire unabated [...]