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 [...]
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 [...]