Scope 3 emission reduction targets set by Deutsche Bank
Deutsche Bank announced a set of goals to reduce its financed emissions in several carbon-intensive industries, including oil and gas, power generation, automotive, and steel. Deutsche Bank stated that it intends to significantly reduce the amount of financed emissions, which account for most of the bank’s Scope 3 emissions – those beyond its direct control […]
Triodos aiming to reduce emissions in loan books by 2030
The bank that prioritizes sustainability, Triodos Bank today announced a new intermediate greenhouse gas (GHG) reduction target of 32% by 2030 across the bank’s entire loan and fund investment portfolios. The announcement aligns with Triodos’ goal of reaching net zero emissions by 2035. Members of the alliance agree to: Transitioning operational and attributable GHG emissions […]
Greece running on 100 per cent renewable energy
This week, Greece reached a significant clean energy milestone when the nation’s grid operator reported that for the first time, all of the nation’s electricity came from renewable sources. The independent power transmission operator IPTO of the nation certified that for a five-hour period last weekend, renewable energy sources completely satisfied the nation’s energy needs. […]
New government funding awards to save CO2 emissions
The government has allocated just under £14 million to a number of projects aimed at leveraging digital technologies to improve the efficiency and productivity of critical manufacturing processes. The latest round of funding awards from the Sustainable Smart Factory Competition, announced late last week, are expected to create 1,000 jobs across the UK and save […]
Almost useless’ carbon data risking net zero goals
The High Value Manufacturing Catapult (HVMC), one of several research groups established by the government’s innovation agency Innovate UK, has warned that tracking emissions reductions across UK industry has become “virtually impossible” due to differing carbon reporting standards. Issues highlighted surrounding the Scope 3 emissions include: GHGs emitted by a company’s supply chain Difficulty in […]
Lightsource BP kick-starting its solar farm construction
The largest UK solar project to date by a renewable energy developer is set to start generating power later next year. Lightsource BP will begin work on a 61MW solar farm in Nottinghamshire next month, marking the renewable energy developer’s largest solar project in the UK. The project, which will also include a battery storage […]
IKEA’s home deliveries to become fully electric by 2050
As part of a goal at the top furniture brand in the world to significantly cut greenhouse gas emissions over the next eight years, CEO Jesper Brodin announced on Monday that IKEA’s home deliveries will be made by electric cars by 2025. The action is a component of the business’s ambition to be climate positive […]
World Bank accused of overstating its climate finance budget
The World Bank has come under fire from Oxfam for allegedly exaggerating the amount of climate funding it has raised for developing countries by billions of dollars. In 2020, the World Bank’s headline $17.2 billion figure for climate finance disclosures was determined to be up to $7 billion, or 40%, wrong. Several of the issues […]
Ecosia’s investment in UK renewables project
Internet search engine Ecosia is investing €250,000 in Ripple Energy’s latest community-owned renewable power project, marking this as the tree-planting non-profit’s first significant investment. With its support for Ripple Energy, Ecosia has now invested €30 million in sustainable energy. Additionally, it has compelled other businesses to start making proactive investments in renewable energy and take […]
Energy sustainability dependent on green hydrogen production
Analysts at the commercial bank, Silicon Valley Bank, have predicted that carbon dioxide emissions will have to be limited to 25 gigatons by 2030 to limit the effects of global warming. This means increased investments in climate technology sectors such as green hydrogen production to support energy transition strategies. The reasons why green hydrogen is […]
