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Climate change

  • Tory row erupts over response to US green subsidies after Hunt refuses to go ‘toe to toe’ with Biden

    'No Yanks'

    Conservative MPs are divided over plans for the UK’s response to the US green subsidies scheme after the Chancellor said Britain would not go “toe to toe” with president Joe Biden. Net zero secretary Grant Shapps today unveiled proposals to ‘power up’ Britain with new energy security measures, in what was expected to be a [...]

  • Sadiq Khan: Climate deniers will be ’emboldened’ if ULEZ expansion fails

    Green policy

    London’s ultra-low emissions zone (ULEZ) expansion is now a “key frontier” in the global fight against climate change, Sadiq Khan has said. The mayor of London has called on the environmental lobby to come out more strongly in favour of the controversial policy, saying climate change deniers will be “emboldened” if it fails. Speaking at [...]

  • Banks and insurers may not be ‘sufficiently capitalised’ for future climate-related losses, Bank of England reports

    Climate change

    The Bank of England said there was “uncertainty” over whether banks and insurers are “sufficiently capitalised” to deal with climate-related risks, but suggested there was not enough justification to increase their capital requirements at the moment. In a report published today, the Bank said climate risks create a challenge for regulators as the uncertainty surrounding [...]

  • Just Stop Oil eco-activists fined £500 for gluing themselves to da Vinci’s Last Supper – and say artist would ‘AGREE’ with them

    February 8, 2023

    Environmental protesters fined for gluing themselves to the frame of a copy of Leonardo da Vinci’s The Last Supper have said they believed the artist would have supported their actions. Five Just Stop Oil (JSO) activists were ordered to pay £486 each for criminal damage at City of London Magistrates’ Court, over a demonstration at [...]

  • Andrew Bailey and Jerome Powell play down central banks’ climate change role

    January 10, 2023

    Andrew Bailey and Jerome Powell, two of globe’s top rate setters, have today said central banks should only have a limited role in tackling climate change. The chiefs of the Bank of England and US Federal Reserve, speaking at a summit hosted by the Swedish central bank, the first in the world, played down their [...]

  • FTSE 350 firms up spending on ‘carbon offsets’ in race to net zero

    January 8, 2023

    The UK’s top listed companies are increasingly using carbon offsets to achieve their net zero goals, new research shows. The vast majority (96 per cent) of Britain’s FTSE 350 companies have already upped expenditure on carbon credits over the past 24 months, while almost half (47 per cent) intend to increase spending dramatically over the [...]

  • UK government stumps up £12m to make 5G tech green and accessible

    December 20, 2022

    The Department of Culture, Media and Sport is funding a £12m international project to make 5G telecommunication green and more accessible across the UK. The project named Towards Ubiquitous 3D Open Resilient Network (TUDOR) plans to use AI to improve the efficiency of 5G and in due course 6G infrastructures. TUDOR is led by the [...]

  • ‘We’d rather have no decision than a bad decision’: EU threatens to walk from climate talks

    November 19, 2022

    The EU has threatened to walk away from COP27 talks based on concerns that the UN summit could backtrack on commitments. “We’d rather have no decision than a bad decision,” EU climate chief Frans Timmermans told reporters at Sharm el-Sheikh on Saturday. “All ministers . . . like myself are prepared to walk away if we do not have [...]

  • Barclays makes green property push by giving eco-friendly home owners £2,000

    November 15, 2022

    Barclays bank said this morning it plans to run a trial to pay back customers who install new insulation, heat pumps or solar panels, among other solutions. Barclays will start paying up to £2,000 to its mortgage holders to help them green their home as three in four say they cannot afford the changes they [...]

  • Number one: London is B Corp capital of the world with record 1,000 B corporations

    November 15, 2022

    Britain has one of the largest and fastest-growing communities of sustainable businesses in the world as B Lab UK announces that there are now over 1,000 Certified B Corporations in the UK. B Corporations are businesses verified to high standards of social and environmental performance, transparency and accountability. Household names who are part of the [...]

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