For businesses and countries alike, we must turbocharge the race to net zero September 14, 2020 Ed Boyd, executive director and founder of ReGenerate, proposes a policy to accelerate businesses joining the race to net zero emissions. As any business leader knows, deadlines produce results. And when it comes to tackling climate change, the government has a big one. I am not talking about the waves of economic and environmental catastrophe [...]
What could a Biden presidency mean for climate change investing? September 7, 2020 | City Talk Joe Biden in the White House, and potentially Democrats in control of the Senate too, could turbo-charge climate change as an investment theme. The US response to Covid-19 looks set to be the dominant election issue as we head towards the November polls. Myriad other issues also compete for voters’ attention, and climate change often [...]
Climate Progress Dashboard forecasts global warming of 3.9°C despite Covid-19 crisis September 2, 2020 | City Talk The latest update to our Climate Progress Dashboard suggests the current pace of change will result in temperatures rising by 3.9°C above pre-industrial levels. Global temperatures are on course to rise by 3.9°C, almost twice the Paris Agreement target, according to our analysis of indicators from the second quarter of the year. Huge reductions in [...]
The nation’s health is priority number one, but we must continue the great work we’ve done to reduce plastics use August 28, 2020 Recent government figures revealed that since the introduction of the 5p carrier bag charge, new carrier bag sales have fallen by 59 per cent in the past year in England’s major supermarkets. This translates to shoppers buying, on average, just four new bags per year compared to 10 the previous year. This is a significant [...]
Build back better? No, let’s build back smarter and take carbon out of construction August 27, 2020 Boris Johnson has set out his plans to “build back better”, and major changes have recently been announced to planning regulations to enable faster decisions on planning applications. It sounds like a developer’s paradise. But construction already accounts for nearly two fifths of UK carbon emissions, so where does that leave the government’s equally vaunted [...]
A CEO’s guide to reaching net zero carbon emissions August 26, 2020 Former Bank of England governor Mark Carney warned last year that: “companies and industries that are not moving towards zero carbon emissions will be punished by investors and go bankrupt.” I would add customers and employees to that statement: a Net Zero commitment is becoming an expectation for companies they will buy from or work [...]
Scottish Widows becomes first investor in Blackrock climate fund August 5, 2020 Scottish Widows has become the first investor in Blackrock’s newly launched climate fund, which is designed for the transition to a low carbon economy. The pension provider is initially allocating £2bn of its pension portfolios into Blackrock’s Climate Transition World Equity Fund. It marks a shift in strategy for Blackrock, which is using data to [...]
COP26 has been delayed, but the City’s charge against climate change continues July 6, 2020 Businesses and households across the world have been hit hard by Covid-19, but as we move to the next phase of recovery from the pandemic, it is vital that we keep the fight against climate change top of the agenda. That’s why last week, to mark London Climate Action Week, we announced a major summit [...]
Bank of England to review climate impact of corporate bond-buying after crisis July 1, 2020 The Bank of England will look at introducing climate change considerations when deciding which corporate bonds it buys, governor Andrew Bailey said today. The central bank had been targeted by climate change protesters who have been calling and emailing it this week to demand a change in the way it helps companies survive the Covid-19 [...]
Crisis is ‘defining moment’ in climate change battle, government told June 25, 2020 The government must use its recovery from the coronavirus crisis to accelerate the country’s transition to a net zero economy, the Committee on Climate Change (CCC) has said. In its latest guidance to parliament released today, the CCC urged ministers to seize the opportunity to turn the crisis into a “defining moment” in the fight [...]