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 [...]
Orbex unveils world’s most carbon neutral space rocket ahead of COP26 October 21, 2021 Space technology firm Orbex has unveiled what is thought to be the world’s most ‘environmentally friendly’ rocket. The Scottish firm’s space rocket, known as Prime, will emit be up to 96 per cent less emissions than comparable space launch programmes, according to a new study by Exeter University. The rocket uses a renewable, ‘ultra-low-carbon’ fuel, and [...]
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 [...]
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 [...]
UK green jobs’ revolution needs to be 25 times faster to hit 2030 target says job site October 20, 2021 The UK green jobs’ revolution needs to be 25 times faster if it wants to hit the government’s 2030 target, admonished job site Indeed. In a research published today, Indeed has showed that green job vacancies are at 0.2 per cent, around 2,000 roles per million job postings, despite rising by 13 per cent between [...]
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 [...]
Government’s new boiler strategy to cover just one in 250 households, says Miliband October 19, 2021 Shadow business secretary Ed Miliband has called the government’s new boiler upgrade strategy a “meagre, unambitious and wholly inadequate response,” alongside several environmental campaign groups. Taking to Twitter, Miliband criticised that the Conservative’s government’s plan would only cover one in every 250 households currently on the gas grid, as the UK seeks to replace gas [...]
UK to invest £620m in EV transition as part of net zero plan October 19, 2021 The UK Government has announced it will invest £620m to support the transition to electric vehicles (EV) as part of the Net Zero strategy unveiled today. “By moving first and taking bold action, we will build a defining competitive edge in electric vehicles, offshore wind, carbon capture technology and more, whilst supporting people and businesses [...]
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 [...]
EDF owned Pod Point set to raise £120m in London IPO next month October 18, 2021 Pod Point, an electric vehicle charging company majority owned by EDF Energy, is set to rally £120m in fresh funds from its London float which is due to land on the exchange next month. The initial public offering (IPO), which the firm announced last week, will see Legal & General Capital Investments sell off a [...]