Just Eat and Carnival reported to FCA over lack of climate risk reporting August 18, 2021 Takeaway giant Just Eat and cruise liner Carnival have been reported to the UK’s financial watchdog over failing to report climate change risk to their investors. Since the beginning of this year, the UK’s listed commercial firms have had to disclose their climate-related risks to investors, according to the Financial Conduct Authority’s (FCA) legal requirements. [...]
Climate management solutions group Genuit sees revenue climb ahead of COP26 August 17, 2021 Climate management solutions group Genuit has had its half-year revenue climb to £295.6m as the need for climate conscious measures has gripped the UK ahead of COP26. Revenue was up 32.4 per cent on pre-pandemic levels, as the group worked with the construction industry to provide sustainable water, as well as climate and ventilation [...]
Advanced manufacturing will be the cornerstone of Britain’s future economy August 11, 2021 This year marks the 10th birthday of the high value manufacturing catapult, a project to help companies of all sizes commercialise their cutting-edge ideas by giving them access to world class facilities, scientists and technology. British manufacturing and innovation is the future of our economy and it is now the largest advanced manufacturing research capability [...]
UK to relax Covid travel rules for Cop26 climate delegates August 9, 2021 The UK will relax Covid-19 travel rules for thousands of delegates attending the UN Cop26 climate summit in Glasgow in November. Cop26 officials have set out conditions for the event, which is expected to welcome up to 25,000 government delegates, journalists and campaigners from around the world for talks on curbing global warming. The summit, [...]
New climate report is ‘code red for humanity’ August 9, 2021 A landmark new climate report from the UN is ‘code red’ for humanity, secretary-general Antonio Guterres said today. The study found that the scale of recent changes to the world’s climate system were “unprecedented over many centuries to many thousands of years”. It also said that it was “unequivocal” that “human influence” had contributed to [...]
EU carbon tax plans ‘discriminates against countries like Australia’, energy minister says August 4, 2021 The European Union seeking to impose a carbon tax on imports would be detrimental to Australia’s export industry, its Australian energy and emissions reduction minister has warned. The minister, Angus Taylor, urged against a “new wave” of European protectionism that would significantly bruise Australia’s export industry – on which a large portion of its economy [...]
City giants plotting to buy Asian fossil fuel plants in order to shut them August 3, 2021 A group of financial firms have come together to speed the closure of Asia’s fossil fuel power plants, the world’s largest source of carbon emissions. Under the proposals, HSBC, Citi, Prudential and Blackrock Real Assets, together with the Asian Development Bank, will form private-public partnerships to buy out the plants. They will then work to [...]
Virtual negotiations: COP26 should be an ‘immersive’ hybrid event August 3, 2021 The UN’s flagship climate conference, COP26, should be an ‘immersive’ hybrid event where some negotiations happen virtually, a former climate chief has said. Christiana Figueres, who spearheaded the 2015 Paris Agreement, said it was unlikely 25,000 people would attend the event in Glasgow as originally planned. Organisers must find the “sweet spot” that allows for [...]
Climate change activists occupy Zurich’s financial district August 2, 2021 Police this morning began clearing a group of Climate Strike activists occupying the heart of Zurich’s financial district. Around 200 activists from the Climate Strike Switzerland group gathered outside the UBS and Credit Suisse headquarters to protest the financing of environmentally damaging fossil fuel projects. According to “Rise Up for Change”, a group bringing together [...]
E.ON chief exec: energy companies need to step up to the net zero challenge and take responsibility August 2, 2021 Unless the UK takes a large number of brave and radical measures in this decade, our ambition of achieving carbon neutrality by 2050 will just be a pipe dream. It will also mean Britain will miss out on the business and social benefits of a green economy, which would otherwise lay the foundations of prosperity [...]