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Net zero

  • 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 [...]

  • 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 [...]

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