COP26: HSBC makes green push as it pumps £500m into new fund for SMEs across UK November 8, 2021 HSBC has launched a £500m Green SME Fund, the banking giant said. The new £500m fund is available for businesses with a turnover of less than £25m and will offer 1 per cent cashback on loans, starting from £1,000 to help SMEs invest in green activities, HSBC clarified. “This is the first green offering for small businesses with a [...]
Supermarket fridge doors could save 1 per cent UK electricity use November 7, 2021 Putting doors on fridges in the top five supermarkets in the UK could cut the nation’s total electricity usage by 1 per cent, according to reports. The Environmental Investigation Agency, an international NGO, said supermarkets could save up to a third on their own electricity bills too, according to the BBC which first reported the [...]
Activists launch alternative climate summit to protest inaction at COP26 November 7, 2021 Climate activists disappointed with government inaction during the first week of discussions at COP26 have launched a counter conference. The People’s Summit for Climate Justice kicked off today and will run until Wednesday, hosting around 200 online and in-person sessions which platform the voices of people hit hardest by the climate crisis. People’s Summit Programme [...]
Watch as Amazon tribes first hear of Covid-19 as first vaccines for mysterious virus arrive November 6, 2021 Some residents of remote communities in Peru’s northern Amazon rainforest say they haven’t heard of the global Covid-19 pandemic, until health workers arrived by boat to their village with vaccines in October.
COP 26: UK pledges £500m to protect rainforests from deforestation November 6, 2021 The UK has committed £500m of public money to protect five million hectares of rainforests worldwide from deforestation. The pledge was made at the COP 26 climate summit in Glasgow, and follows prime minister Boris Johnson calling for an “end to the great chainsaw massacre” after 100 countries signed up to reverse deforestation by 2030. [...]
COP26: China, US, India and Australia absent from global coal pact November 4, 2021 China, US, and India and Australia have not joined 48 nations pledging to phase out coal production. All four countries are collectively responsible for over 50 per cent of coal emissions. The pact was agreed at the COP26 climate conference in Glasgow, and commits countries to ending coal power usage in the 2030s across major [...]
COP26: IMF calls for developed economies to face higher carbon costs November 3, 2021 The International Monetary Fund is pushing for a global price on carbon, and wants wealthier countries to pay a greater share of the costs. The financial institution’s managing director Kristalina Georgieva has proposed an international carbon price floor to ensure “large emitters have compatible carbon pricing”. Speaking at the COP26 climate conference in Glasgow, she [...]
Johnson apologises to Israeli minister who was unable to access COP26 in wheelchair November 2, 2021 Prime minister Boris Johnson has apologised to an Israeli minister who was unable to access COP26 in her wheelchair, and had to return to her hotel 50 miles away. Johnson said he was sorry for the “confusion” when he met minister Karine Elharrar with Israel’s prime minister Naftali Bennett. Elharrar, who has muscular dystrophy, told [...]
Cop26: Major economies sign deal to promote emerging green technologies November 2, 2021 The world’s ten largest economies have today signed up to a commitment to work with businesses to encourage tens of billions of pounds of investment into emerging green technology. The deal, signed at Cop26 by the 40 countries that make up 70 per cent of the globe’s economic activity, will see “countries and businesses … [...]
Investors warn Big Four of AGM rebellions over climate accounting November 2, 2021 An investor group managing around $4.5tn worth of assets have issued a warning to the top four auditing giants to start including climate risk into their audits, or risk rebellions at AGMs, according to reports. In a letter seen by Reuters, which first reported the news, the investors told the Big Four auditors that unless [...]