Green tech Recycling Technologies to list in £40m London IPO November 8, 2021 UK green technology company Recycling Technologies has announced its intention to float on London’s junior AIM market in an £40m IPO. Founded in 2011 by automotive engineer Adrian Griffiths, Recycling Technologies’ main product is a mass producible machine, called the RT7000, which processes plastic waste into a synthetic oil that can then be sold back [...]
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.
Supermarkets pledge to halve environmental impact of weekly shop November 6, 2021 Five of the biggest supermarkets in UK have promised to cut in half the environmental impact of a weekly food shop by 2030. Tesco, Sainsburys, Waitrose, Co-op, and M&S have pledged to reduce carbon emissions, deforestation, food waste and packaging they produce. They will work with environmental organisation WWF to halve the amount of global [...]
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. [...]
How finance can help forge a cleaner future for all November 5, 2021 | City Talk This article first appeared in ICAS’ CA magazine. Finance can help forge a cleaner future for all, and the contribution of accountants will prove essential, says James Alexander, CEO of the UK Sustainable Investment and Finance Association Earlier this year, the UK Sustainable Investment and Finance Association (UKSIF) celebrated its 30th birthday by publishing its policy [...]
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 [...]