Even entertaining a nappy tax exposes No10’s muddled plans for plastic waste and climate change – CityAM : CityAM September 1, 2021 When I saw the front page of the Daily Mail over breakfast this morning, I nearly choked on my Shreddies. It’s possible George Eustice did, too, given his department rapidly denied today’s headlines that government is contemplating a levy on disposable nappies. Perhaps someone in Whitehall got the wrong end of the stick. Considering Ministers’ contempt for [...]
Mindy Lubber, CEO of Ceres, on why the private sector must wake up to the economic impact of climate change June 18, 2021 As President and CEO of Ceres, Mindy Lubber is a world-leading voice on sustainability and finance. She tells Laurence Eastham why the private sector must act now on climate change or risk being left behind. Ceres has been there from the very start. The sustainability advocacy organisation, founded in the wake of the Exxon Valdez [...]
Countdown to COP26 – how 2021 is a “make or break” year in the fight against climate change May 10, 2021 This year will be “make or break” in the fight against climate change, the UN Secretary-General Antonio Guterres has warned. The next United Nations climate summit, COP26 – or to give it its full title, the 26th Climate Change Conference of the Parties – is due to take place in Glasgow in November. Postponed from last [...]
Public-private partnership must be at the heart of tackling climate change ahead of COP26 April 19, 2021 Later this year, representatives of over 190 governments will gather at COP26 to voice their commitments to tackling the climate crisis, confirm a “landing zone” on net zero and negotiate the intricacies of the Paris Agreement rulebook. But it’s an illusion to think that government commitments are enough to kick-start climate recovery. Since the global [...]
COP26: Is the City ready for its leading role in the fight against climate change? April 10, 2021 Windows were smashed at Barclays headquarters this week by climate activists who urged the bank to cut its climate destructive investments. Last week campaigners painted the Bank of England (BoE) black in a bid to raise the alarm on the institution’s funding of Big Oil. Where money goes within the City is under more scrutiny [...]
CBI calls for ‘fundamental change’ to UK tax system to achieve climate change goals March 11, 2021 One of the UK’s most influential business groups has called for the government to deliver wholesale changes to the country’s tax regime in order to hit its 2050 net zero target. The CBI said that instead of making changes to individual taxes, ministers should instead pursue “fundamental change with a holistic, coherent tax plan”. It [...]
Aviva and Hargreaves Lansdown call on regulators to prioritise net-zero October 27, 2022 A group of top finance firms including Hargreaves Lansdown and Aviva Investors have called on financial watchdogs make net-zero a central objective if the UK is to avert the worst economic damage of climate change.
Activist challenges to energy firms lose momentum as investors focus on supply security June 5, 2022 Motions pushing for energy giants to curb emissions to meet climate change goals have lost momentum following Russia's invasion of Ukraine.
Finance need an overhaul to price in climate change risk and push green agenda forward March 6, 2021 Why did the credit and wider financial system only take off in the last 400 years? Despite money and lending being around for millennia, financial services only truly got going alongside the Enlightenment. According to the writer Yuval Noah Harari, the fundamental shift was to be found in humanity’s belief about the future. In previous [...]
IMF plots launch of $45bn fund to rival China’s Belt and Road initiative April 13, 2022 The International Monetary Fund plans to mobilise $45bn of funding to help countries deal with long-term challenges such as Climate Change.