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 [...]
New gas boilers to be banned from 2035 in latest decarbonisation push October 15, 2021 New gas boilers are set to be banned from 2035, with households being incentivised to make the transition to heat pumps with a £5,000 grant. The move, due to be unveiled under the government’s Heat and Buildings strategy next week, is one of the plans of action in getting the country to net zero by [...]
Volvo launches world’s first fossil-free steel vehicle October 13, 2021 Volvo Group launched today the world’ first vehicle made of fossil-free steel, announcing that more will follow in 2022 as part of the company’s pathway to reach net zero by 2050. Made in collaboration with Swedish company SSAB – which specialises in transforming raw materials into steel – the load carrier for mining and quarrying [...]
Grid investments coming up short risks freezing the UK’s renewables transition October 11, 2021 The conditions are ripe for growth in the UK’s renewable sector as COP26 fast approaches, though a lack of investment could hamper the country’s goals. As policy paves the way for fresh investment and new tech, the renewables sector continues to battle bottlenecks – which could require a doubling of investment over the next 10 [...]