More than 1.2m construction jobs could be created if economy goes fully ‘green’ October 11, 2021 If the UK economy went ‘green’, around one million manufacturing and construction jobs could be created by 2050, according to a business group. Make UK said a third of manufacturing firms are suffering from a skills gap, highlighting the need for more support from the Government. A survey of almost 200 manufacturers suggested that most [...]
Heathrow calls on government to decarbonise aviation ahead of COP26 October 11, 2021 Heathrow has called on the government to “show real leadership” and commit to decarbonising aviation amid a fall in passenger numbers. The London-based airport was the busiest in Europe prior to the Covid-19 pandemic but has seen a sharp decline in passengers as a result of Covid related travel restrictions. The travel hub today revealed [...]
Two years on the EU and the UK need to find a way to work together on finance October 11, 2021 It has been almost two years since the UK left the European Union. In that time, political relations across the Channel have been turbulent, to put it mildly. As with any divorce, we have all been taking time to adjust to the new relationship. Over this period it has also become clearer than ever that [...]
Nicola Sturgeon urged to ‘tear up’ deal with Heathrow before COP26 lands in Glasgow October 9, 2021 Scotland’s first minister has been urged to tear up an agreement between her government and Heathrow airport before the start of the global COP26 summit later this month. If Nicola Sturgeon does not “tear up” the memorandum of understanding signed with the London airport before the climate change convention gets under way on October 31, [...]
Government plans green gas levy as consumers face soaring bills October 9, 2021 The government is reportedly mulling plans for a levy on gas bills to help fund low carbon heating even as Brits face record energy bills. In the next few weeks ministers are expected to unveil a carbon pricing scheme which will push up gas bills still higher according to The Times. A government spokesperson for [...]
HSBC’s £36bn pension scheme pledges to be net zero by 2050 at the latest October 8, 2021 HSBC’s pension scheme, one of the largest corporate pension schemes in the UK, has pledged to achieve net zero carbon emissions by 2050 or sooner. In the run up to COP26, an increasing number of activists have zeroed in on fossil-fuel investing pension funds and wider financial institutions like HSBC and Lloyds for carbon-heavy investments. [...]
COP26: UK and global accountancy bodies aim for net zero emissions October 8, 2021 The UK professional body for accountants has joined global peers in making a public commitment to net zero emissions. The Institute of Chartered Accountants in England and Wales (ICAEW) yesterday announced it will sign a commitment to net zero emissions and create plans to achieve this, alongside a network of global accountancy bodies. The 13 [...]
Nestle admits facing supply chain issues ahead of Christmas October 7, 2021 Struggling with supply chain issues, Nestle has said it is working hard to make its products hit the shelves this Christmas. The struggle was attributed to a labour crunch and also a chronic shortage of Heavy Goods Vehicle drivers. Bottlenecks in shipping world over also are a major factor, according to the firm, for the [...]
Mark Carney slammed over fossil fuels ahead of COP26: ‘Watering down rules for finance’ October 7, 2021 Just weeks before the UK hosts the COP26 climate summit, around 90 climate groups have written to UN Special Envoy Mark Carney and place ads in the Financial Times and Toronto Star today, urging him “to stop greenwashing financial institutions that continue to invest in expanding fossil fuel infrastructure.” The groups said that, while his [...]
Biggest shipping companies navigate plan for net-zero by 2050 October 6, 2021 The International Chamber of Shipping (ICS), which represent the world’s biggest shipping companies, has recently set out its plan to achieve net-zero CO2 emissions by 2050, doubling the current pledge of getting to 50 per cent less CO2 emissions. ICS members have also stated that the industry cannot reach such ambitious targets by itself but [...]