Climate Ambition Summit for 2023 announced by UN chief
With the totemic 1.5C global warming goal “gasping for breath,” UN Secretary General António Guterres has announced plans to conduct a worldwide Climate Ambition Summit in September of next year in an effort to “accelerate the pace of change” before the COP28 Climate Summit in Dubai in November. The top diplomat in the world cautioned […]
Funding boost of £30m for heat network plans
The first round of financial allocations from the government’s £288 million Green Heat Network Fund (GHNF) were made public today, with more than £27 million going to two significant projects in Hull and Peterborough. The announcement was made on the same day as a different project in Wigan received financing from the government’s earlier £320 […]
UK to face legal action due to licensing plans
The UK government could face legal challenges over its plans to issue 130 new oil and gas licenses in the North Sea. Greenpeace, Friends of the Earth and Uplift, has warned to launch legal action if the government does not properly assess the climate impact of the new offshore licensing round. Energy experts have questioned […]
Increase in green jobs in the UK
Despite significant economic headwinds, the green jobs industry is booming, according to the most recent Green Jobs Barometer research from global consulting powerhouse PwC. According to their calculations, 2.2% of all new jobs are classified as “green,” with this growth rate being around four times faster than the general UK employment market. Green sector cover […]
UK to see a boost in net zero finance
Campaigners are concerned about the deregulatory measures despite the new financial reforms aiming to raise investment in low carbon infrastructure. The government’s “Edinburgh Reforms” package, which includes over 30 regulatory changes for the financial services industry, is referred to as such because it contains their goal of “unlocking investment and accelerating growth in towns and […]
£20m for the development of green home finance options
In order to support the creation of lending products that contribute to the delivery of greener homes, the Department for Business, Energy, and Industrial Strategy (BEIS) announced that up to £20 million would be made available to banks, building societies, and the larger finance community through its Green Home Finance Accelerator. According to the government, […]
BP producing hydrogen as fuel of the future
As the governments of major economies are investing in the development of the fuel to decarbonize, BP CEO Bernard Looney is placing his bet on hydrogen to power future low-carbon industries. Despite being expensive to generate, low-carbon hydrogen has a large following and is predicted to play a significant part in lowering greenhouse gas emissions […]
Rolls-Royce and easyJet rejoice a successful ground testing
Today, Rolls-Royce and easyJet announced that they had successfully completed the first ground test of a modern aero engine powered by hydrogen, marking a new aviation milestone. According to the firms, the ground test was carried out on a concept demonstrator that used green hydrogen produced by tidal and wind energy. This milestone hints towards: […]
Things to be aware of after COP27
This year’s United Nations (UN) climate summit, held in Sharm El Sheikh, Egypt, placed more emphasis on phasing out fossil fuels and guaranteeing transparency regarding net-zero targets. Following are five things that businesses should remember moving forward: 1.5℃ is the limit, not a target Advantages of phasing out all fossil fuels quickly Incorporating transparency while […]
UK Government planning onshore wind farms
In reaction to a mounting backbench uprising against the de facto moratorium on new projects, the British administration appears prepared to loosen planning limits on new onshore wind farms. Business Secretary Grant Shapps insisted that the government’s position had always been that there would be more onshore wind farms in the future “where communities are […]
