Tech could get Britain’s net zero target back on track October 31, 2022 Tech could get Britain back on track to meet its net zero commitment after the chair of the independent Climate Change Committee warned that progress on the target had gone awry in recent months. With the UN’s flagship climate conference COP27 in Egypt one week away, Committee chair Lord Deben told The Independent today that [...]
Net zero gas firm IOG rings changes with new CEO, CFO and COO to give ‘fresh impetus’ October 20, 2022 The CEO of net zero gas operator IOG has announced he will step down after five years in the job, with a raft of other board changes in the pipeline. Andrew Hockey will retire from the company with immediate effect, but will remain an adviser ahead of the 33rd offshore licensing round. His replacement has [...]
UK net zero ambition needs “huge engagement” from SMEs October 6, 2022 Small businesses are keen to play their part in the UK’s journey to reach net zero by 2050 but decarbonising is complicated and expensive. It will be impossible to reach the UK’s net zero by 2050 goal without “huge engagement” from the UK’s 5.7 million Small to Medium Enterprises (SMEs), says Chris Hocknell, director of Eight Versa, [...]
Walsh: Anything shy of 2050 net-zero goal will be a failure September 27, 2022 Aviation boss Willie Walsh is calling on governments and industry regulators to commit to a net-zero goal by 2050. “I think anything shy of that will be viewed as a failure,” he told journalists on Tuesday afternoon as he talked about the ongoing International Civil Aviation Organization (ICAO) assembly in Vancouver. The UN body’s assembly [...]
Easyjet ends carbon offsetting scheme as it focuses on new aircraft technology September 26, 2022 Easyjet is ending its carbon offsetting scheme at the end of the year in favour of a multi-million-pound investment into new aircraft technology under its roadmap to net-zero by 2050. As part of the plan, older planes will be replaced with 168 new Airbus NEO, which are 15 per cent more efficient and 50 per [...]
Insurers grapple with transition to a greener world August 10, 2022 Last week, a coalition of thirteen of the UK’s major insurers vowed to cut their supply chain emissions as part of the Sustainable Markets Initiative’s (SMI’s) sustainable supply chain pledge. In signing the SMI pledge, the 13 insurers and brokers – including Axa, Phoenix, Lloyd’s, and Direct Line – vowed to work with their suppliers [...]
Government’s plans for Solvency II shakeup will force insurers to hold more capital on their books, sector warns July 21, 2022 Insurers have called on the UK government to reconsider their plans to shake up the Solvency II rules that govern the country’s insurance sector, after warning the current plans could backfire. The government’s current plans to reform the European Union’s Solvency II regulations could see life insurers forced to hold more capital than they are [...]
Scenario planning on the ‘net zero’ energy transition July 19, 2022 | City Talk For investment managers, prioritising one scenario over all others can have far-reaching consequences. This is especially true when it comes to the energy transition to ‘net zero’ greenhouse gas emissions – achieving a balance between carbon emitted into the atmosphere and carbon removed from it – quite literally a hot topic at present as a [...]
How virtual twin technology is powering low carbon aviation July 14, 2022 | Sponsored The clock is ticking when it comes to preventing irreversible damage from climate change – and aerospace is one industry where a complete transformation is required to achieve Net Zero Targets. With air travel currently contributing 2.5% of global greenhouse gas (GHG) emissions, it is high time to reinvent the way we fly, and decarbonisation [...]
Energy giant Centrica turns to hundreds of former soldiers in push to greener energy June 24, 2022 Centrica is planning to hire about 500 former soldiers, sailors, and air force personnel by the end of next year as it looks to transition to Net Zero. The energy giant will recruit them into engineering roles across British Gas and the wider group as the company aims to reach Net Zero by 2045. Greg [...]