Exclusive: City buildings on track to be collectively carbon negative by 2027 February 11, 2022 Buildings in the City are on track to be collectively carbon negative by 2027, according to new research shared exclusively shared with City A.M. today. Drafty buildings produce 40 per cent of the UK’s carbon emissions, which London has been tackling for more than decade. Emissions from offices, homes and factories have shrunk steadily since [...]
Government slashes EV grant a second time in bid to reel in spending December 15, 2021 The government has slashed its grant for electric vehicles (EVs) for the second time this year, in a bid to reel in spending as inflation hits a decade-long high. The grant has been cut from £2,500 to £1,500, while the value of vehicles eligible for the funding assistance has been trimmed down by £3,000 to [...]
Decarbonisation is primary driver for transport investment, says DLA Piper November 17, 2021 Decarbonisation has become the primary driver for investment strategy in the transport sector. According to a report by law firm DLA Piper, 79 per cent of respondents from the railway industry believe decarbonisation a primary driver for their organisation’s investment strategy. Numbers go up when considering those working in the aviation and shipping industries, with [...]
IBM and Amazon team up to help oil companies manage data as industry seeks innovations November 15, 2021 IBM and Amazon Web Services (AWS) are teaming up to provide oil companies with more tools to manage data and to share production information more efficiently. The duo has worked together to ensure oil companies can use IBM technology OpenShift to record and store oil production information. In 2018, AWS worked with Royal Dutch Shell [...]
Less than a third of businesses plan on cutting their emissions over the next year November 10, 2021 Less than a third of businesses plan on cutting their greenhouse gas emissions over the next year, despite the UK’s recent net zero efforts, according to the latest research. What stands in the way of most firms, however, is the transition to producing fewer emissions being ‘costly’, the Office for National Statistics found. While around [...]
Climate jargon debunked: Just one in 10 Brits know what COP26 is October 28, 2021 Just one in 10 Brits know what COP26 is, according to a new study by E.ON, as the UN’s flagship climate conference looms at the tail-end of this weekend. More than 80 per cent of the population would do more for the environment if they were given simpler information about what action to take, the [...]
Green Budget 2021: Net zero strategy to receive around £11.4bn in new funding October 27, 2021 The government is set to inject more than £11.4bn in new funding into its net zero strategy, according to chancellor Rishi Sunak’s Autumn Budget today. The fresh capital will go towards “the new, green industries of the future”, Sunak said this afternoon. “We are making this country a science and technology superpower”. It will mean [...]
Nearly 60 per cent of firms will miss UK net zero target, says Microsoft report October 27, 2021 Just over 40 per cent of UK firms are on track to meet the government’s net zero target of 2050, new research from Microsoft and the University of London has revealed. The figures suggest that the country’s net zero efforts may be far more difficult to achieve if the majority (59 per cent) of firms [...]
Shipping will not reach net zero without a carbon tax says industry report October 25, 2021 The global shipping sector is going in the wrong direction when it comes to net zero commitments, as it is currently at risk of registering a 20 per cent increase in its greenhouse gas emissions by 2050. According to a report from Maersk McKinney Moller Center for Zero Carbon Shipping, at the current pace only [...]
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 [...]