Carbon budget

DEFINITION: The UK Government has set five-yearly carbon budgets which currently run until 2032. They restrict the amount of greenhouse gases the UK can legally emit in a five-year period. The UK’s Fifth carbon budget aims to limit the annual emissions to 57% below 1990 levels by the year 2032.

Related items

In total, 14 countries have now signed onto the initiative

Major nations join global plan to improve product energy efficiency

Australia, Indonesia, Japan and Nigeria have joined a collaborative initiative steered by the UK Government and the International Energy Agency (IEA) aimed at drastically improving the energy efficiency of appliances such as lighting, refrigerators and air conditioners.

The research claims that the transition could deliver a net gain in job growth

McKinsey: $9trn needed annually to deliver global net-zero transition

A new report looking at the potential disruption caused by the ongoing net-zero transition has claimed that delivering climate-aligned decarbonisation across countries could deliver a net gain in jobs, if corporates, investors and governments can raise efforts over a decade that will "decide the nature of the transition".

As part of the IAG Group, Iberia and Iberia Express have committed to achieving net-zero emissions by 2050 This includes a target to operate a minimum of 10% of flights with SAFs by 2030

Iberia and Cepsa form partnership on sustainable aviation fuels

Iberia, the Spanish firm owned by the International Airlines Group (IAG), has signed an agreement with energy firm Cepsa to develop and trial sustainable aviation biofuels (SAFs) while exploring other measures to decarbonise flight including renewable hydrogen and electrification.

Shipping accounts for 80% of global trade and 3% of greenhouse gas emissions

Shipping and fuel giants call for government action to spur net-zero progress

More than 150 major organisations across the global maritime value chain have called on governments to develop policies that will enable full decarbonisation of the entire sector.

The Brazilian Government plans to expand oil production by up to 70% over the next decade

Insurance firms urged to stop support for Brazil's oil and gas exploration

Global insurance giants including MAPFRE, Chubb and AXA have been accused of fuelling Brazil's oil and gas expansions by insuring the national company accountable for nearly all of the nation's oil and gas.

Less than one-third of UK businesses have net-zero strategies, survey reveals

A survey of senior decision-makers at more than 1,000 UK businesses has revealed that less than one-third (29%) have a strategy for reaching net-zero before or in line with the Government's 2050 target.

A strategy will be published in March 2022

Ibstock targets net-zero operations by 2040

Brick and concrete product manufacturer Ibstock has unveiled a new target to become a net-zero business by 2040, with a detailed strategy set to be published over the coming months.

Pictured: A hydrogen vehicle showcased at the Games. Image: IOC

All Olympic Games to be carbon-neutal or carbon-negative going forward

The International Olympic Committee (IOC) has mandated that all Olympic Games from 2030 will need to be certified as carbon-neutral or carbon-negative, after confirming that Tokyo 2020 was carbon-negative.

The new RCF, developed with BNP Paribas, will run until June 2025 and will see M&S benefit from lower interest rates if it is able to deliver on targets that form part of its net-zero strategy

M&S links £850m loan to net-zero targets

M&S has signed a new £850m revolving credit facility (RCF) with BNP Paribas that will offer discounted interest rates based on performance against four key areas of the retailer's net-zero strategy.

35 of the 50 electric utilities assessed will likely see emissions increasing in the short-term

Almost all electric utilities and carmakers failing to decarbonise in line with 1.5C, says damning report

Just 7% of large carmakers and 2% of large electric utility firms are decarbonising at the pace required to avert the worst impacts of the climate crisis, according to a major new analysis of 80 corporates out today (24 November).

Just 0.01 of annual GDP is being spent on climate-related initiatives 

UK Government failing on green spending requirements to reach net-zero, WWF warns

The UK Government is not allocating the required spending to reach net-zero emissions by 2050, with new analysis warning that an existing policy gap could add billions of pounds to the total cost of decarbonisation.

Businesses had a key role at COP26, a role that is even more important now. Image: UNClimateChange

Glasgow Climate Pact: How can businesses keep 1.5C alive?

The UK Government wanted COP26 to keep the 1.5C trajectory of the Paris Agreement "alive" and the verdict is that it has, but just barely. But with some nations set to renegade on mechanisms included in COP26's Glasgow Climate Pact, it is clear that businesses need to become a unified driver of the net-zero movement.

Triodos is aiming to have it's net-zero target validated by the SBTi

Insetting and mandatory disclosure: Triodos Bank on how the finance sector can reach net-zero

Last week, Triodos Bank UK unveiled a net-zero emissions target for its loans and fund investments for 2035. To mark Net-Zero November, the bank's chief executive Bevis Watts discusses how mandatory planning and disclosure can drive the sector to invest in low-carbon and nature-based solutions.

HSBC UK's chief executive unveiled the new loan offering at COP26

HSBC UK launches £500m green fund for SMEs

UK banking giant has launched a new £500m green funding initiative to help small and medium-sized businesses decarbonise and invest in green initiatives.

The validation process will open for corporates in January 2022

Science Based Targets initiative launches net-zero standard for corporates

The Science Based Targets initiative (SBTi) has today (28 October) unveiled the world's first standard for corporate net-zero emissions aligned to climate science.

The guidance papers were launched ahead of COP26

Net-zero guidance launched for financial institutions and pension providers

Ahead of the G20 Summit in Rome this weekend, the UN Environment Programme Finance Initiative (UNEP FI) has published a set of recommendations for financial institutions to reach net-zero, while a net-zero transition plan has also been published for pension providers.

The guide is free to download for edie users

edie launches new Explains guide for businesses on carbon offsetting

edie has today (26 October) published a new explains guide, focusing on how businesses should approach the use of carbon offsetting to assist a carbon reduction strategy.

The organisation's emissions fell by 60% last year

Emissions reductions and offsetting enable EY to reach carbon-negative status

Professional services firm EY has announced that it a combination of decarbonising and offsetting now means that it removes more carbon than it emits.

The second green gilt is a 32-year bond, maturing on 31 July 2053, making it the sovereign green bond with the longest maturity in the world

UK's second green gilt raises a further £6bn for low-carbon projects

The UK Treasury has confirmed the second sale of its green gilts package, bringing total funding for projects assisting the net-zero transition to £16bn to date.

The strategy collects all previous climate commitments as well as building on them

At a glance: All the key announcements in the Net-Zero Strategy

The UK Government has finally published its Net-Zero Strategy, a comprehensive run-through of how the nation will decarbonise in a way that "transforms every sector of the global economy", although some green groups don't believe the steps outlined in the Strategy can mobilise action to deliver net-zero by 2050.

The £12.bn will be spent under “energy-transformation investment guidelines” and will target renewable energy amongst other solutions

Mitsubishi Corporation to invest £12.6bn to reach net-zero emissions

Mitsubishi Corporation has established new emissions reduction targets that will see the company reach net-zero by 2050 through a £12.6bn investment into an array of low-carbon solutions.

Some G20 nations - which account for 75% of global greenhouse gas emissions –  are on course to exceed emissions levels in 2019

G20 must strengthen climate targets if Paris Agreement is to be met

New research has warned that despite the rise in national net-zero targets, the G20 is on course to bulldoze past both the 1.5C and 2C pathways of the Paris Agreement.

edie speaks exclusively to Salesforce’s head of clean energy and carbon Max Scher

How Salesforce became a net-zero business and what happens next

EXCLUSIVE: Last month, Salesforce announced it had become a net-zero business across its value chain. Here, edie explores how offsetting and location-based decarbonisation plans have created a unique road to combatting the climate crisis.

The analysis links listed firms to twice the amount of emissions than previously estimated 

Report: Listed firms linked to 40% of global emissions

New research has suggested that listed companies are responsible for 40% of all climate-related emissions, a figure far greater than previous estimates.

The new packaging uses 61% less plastic than the previous sachets, saving 29 tonnes of packaging weight annually

Schwartz to move to fully recyclable herbs and spices sachets

Herbs and spices brand Schwartz is moving its entire range of recipe mixes to recyclable packaging in the UK, in a move that will reduce plastic usage by almost two-thirds while saving on carbon emissions.

Since 2015, the company has reduced its value chain emissions by more than 7%, despite growing the business

Mars targets net-zero value chain by 2050

Mars Incorporated has committed to reaching net-zero greenhouse gas emissions across its full value chain by 2050, building on an existing commitment to reach net-zero across operations by 2040.

Businesses believe the East Coast Cluster can capture, transport and store up to 27 million tonnes of carbon emissions annually by 2030

East Coast Cluster: Teesside and Humber gear up to host CCS technologies

Energy giants and businesses operating in Teesside and Humberside look set to collaborate on the deployment of carbon capture usage and storage (CCUS) technology in a bid to create net-zero industrial clusters.

More than 50,000 jobs in carbon-intensive industries would also be safeguarded

UK's carbon capture and storage market could create 50,000 jobs

The UK could become an early mover in the global carbon capture utilisation and storage (CCUS) market and create up to 50,000 jobs if new enabling policies are introduced.

World Green Building Week: 11 of the best innovations for a better built environment

To mark World Green Buildings Week (20-24 September) edie and its new content partner Springwise have rounded-up some of the most innovative solutions available that are helping to improve sustainability across the built environment sector.

The masterclass is available to watch on-demand for those who have registered

Available to watch on-demand: edie's Scope 3 emissions masterclass

edie's most recent online masterclass took place on 23 September and was dedicated to helping professionals get to grips with their organisation's indirect (Scope 3) emissions on the road to net-zero. A recording is now available to watch, on-demand.

The manifesto commits the organisations to help cities build safe, smart, sustainable and more accessible urban and regional mobility networks

Mobility platforms commit to zero-emissions manifesto for 2035

A group of mobility platforms, including Uber, Lime and Arrival, have all committed to fully decarbonising their networks by 2035 at the latest, as part of a new collaborative manifesto to increase the uptake of low-carbon transport.

The research finds that emissions are likely to be the same levels in 2030 as they are today

Just one country on course to meet 1.5C target, new research warns

Only Gambia is currently on course to deliver climate action that is in alignment with the 1.5C pathway of the Paris Agreement, according to new research from Climate Action Tracker (CAT), which warns that momentum on updating climate targets has stalled.

Shipping is currently responsible for around 3% of global CO2e emissions

UK Government calls for 'absolute zero' emissions goal for global shipping sector

Transport Secretary Grant Shapps has called on the global maritime sector to agree on an "absolute zero" emissions target by 2050, as the UK looks set to host a demonstration week for the future of shipping.

Last year, the City of London Corporation committed to reaching net-zero across its investments and supply chain by 2040

City of London Corporation issues contract to reduce energy costs by £500,000 annually

The City of London Corporation has awarded a contract to Vital Energi to carry out energy-related retrofits of iconic buildings such as the Barbican Centre and Guildhall School of Music and Drama that will save almost £500,000 each year.

Stagecoach has already invested £1bn on 7,000 low-carbon vehicles over the last 10 years

Stagecoach calls for transport policy overhaul as part of carbon-neutral roadmap

Transport group Stagecoach has unveiled a new roadmap to becoming a carbon-neutral business by 2050, while also calling for the UK Government to fix "contradictory policies" associated with the transport sector and the need to reach net-zero emissions.

Hydrogen looks set to be a key enabler in the decarbonisation of heat, transport and heavy industry

5 ways the Hydrogen Strategy can help the UK's net-zero ambition

The UK Government has unveiled its long-awaited Hydrogen Strategy, outlining how a multi-billion-pound investment into the technology can reduce emissions and create jobs on the road to net-zero. Here, edie looks at five roles that hydrogen could play in delivering rapid decarbonisation.

edie outlines how businesses can begin to respond to the report in order to accelerate decarbonisation and improve long-term resiliency against a changing climate

5 key corporate net-zero considerations based on the latest IPCC report

The Intergovernmental Panel on Climate Change (IPCC) has issued a report warning that irreversible and unprecedented changes to the planet are being caused by the climate crisis. Here, edie summarises how businesses should respond to the warnings in the new landmark report.

More than 90% of metal produced in the world is steel, and the sector is accountable for around 9% of global emissions

Investors lay out expectations for steel sector to reach net-zero emissions

An initiative involving more than 500 investors representing $55trn in assets has outlined a set of priorities that it will engage in to help the global steel sector reach net-zero emissions by 2050 at the latest.

Since 2010, Parker has reduced its energy intensity by 42% and greenhouse gas intensity by 50%

US firm Parker aims for carbon-neutral operations by 2040

US motions and controls firm Parker has unveiled plans to reach carbon neutrality across its operations by 2040, with fresh new carbon reduction targets set to be submitted to the Science Based Targets initiative (SBTi).

Lloyds of London has faced pressure to improve its climate approach for several years

Lloyd's outlines plans to increase green investments but stops short of full Paris Agreement alignment

Insurance and investment giant Lloyd's of London has published a new climate action roadmap, detailing plans to increase support for low-carbon transport, energy and industrial technologies.

It is estimated that around £30bn of investment into heat networks will be required by 2050 to meet the net-zero target

SGN and Vital Energi launch joint venture for zero-carbon heat networks

Gas distribution company SGN and UK renewable energy solutions provider Vital Energi have agreed on a new 50:50 joint venture to create an energy services company (ESCO) that will own and operate low and zero-carbon heat networks.

McCormick has partnered with Natural Capital Partners to offset any remaining emissions

Manufacturer McCormick's first net-zero building set for Peterborough

Multinational food ingredients manufacturer McCormick has confirmed that a new facility in Peterborough looks set to become its first net-zero carbon building.

Pictured: Kwasi Kwarteng (second from right) at the Hinkley Point C site. Image: EDF

Sizewell C: UK Government confirms £100m of funding

After a string of delays and mounting questions about how the UK Government plans to address the impending nuclear gap, it has confirmed that £100m of funding from Westminster coffers will be put towards Sizewell C.

The first £500m will include investment into a new energy plant, due for commission in late 2023

Ineos seeks tenders for 'world-scale, low-carbon hydrogen plant' at Grangemouth

Chemicals giant Ineos has unveiled the latest step it is taking to reach net-zero emissions, by sending out invites to tender on its plans to transform its Grangemouth facility into a carbon capturing, low-carbon hydrogen production site.

Image: Compass Group UK&I

Compass Group bans air-freighted fruit to cut emissions on road to net-zero

The UK's largest food services company, Compass Group UK & Ireland, has banned the use of air freight for fresh fruit and veg as part of its plans to reach net-zero emissions by 2030.

The companies will share best practice on charge point integration

EVzero: UK businesses team up on electric vehicle chargepoint initiative

A group of leading UK organisations, including Tesco, NatWest and the Department for Environment, Food and Rural Affairs (Defra), has launched a new collaborative initiative to develop electric vehicle (EV) charging solutions in the UK.

The Benchmark aims to ensure that USS’s portfolio is weighted more towards companies that are performing against ambitious decarbonisation targets 

USS adds climate 'tilt' to £5bn portfolio

USS Investment Management has introduced a climate "tilt" to the portfolio of companies that it has invested in, rewarding organisations that can demonstrate ambitious levels of decarbonisation and those in alignment with the Sustainable Development Goals (SDGs).

edie summarises how the world can reach net-zero emissions by 2050, according to BNEF

How the world can reach net-zero emissions by 2050, according to BloombergNEF

BloombergNEF has published its latest New Energy Outlook report, examining three progress pathways to reach net-zero globally by 2050. Here, edie summaries what will need to change to deliver this low-carbon trajectory.

Reaching the EU’s 2030 climate goal will require a significant build-up in the production of renewable electricity, which is needed to feed the electrolysers generating green hydrogen

EU's green hydrogen plans hailed as 'true game-changer' by industry

The European Commission boosted regulatory support for green hydrogen in its proposed overhaul of climate legislation published last week, with the renewable hydrogen coalition calling it "a true game changer" for the nascent EU industry.

Image credit: px Group

Equinor submits plans for landmark hydrogen facility in Hull

Equinor has submitted plans for its 600MW hydrogen production facility in Hull to the Government, which will sit at the heart of Humber's Zero Carbon Cluster project.

All edie podcast episodes can be listened to via iTunes, Spotify, Google Podcasts and Soundcloud

Net-Zero Business podcast: Kingfisher on collaboration and credible target-setting

In response to the accelerated pace at which corporates are examining and setting net-zero targets to help alleviate the climate crisis, edie's monthly Net-Zero Business podcast was created. Up next, we talk low-carbon retail with B&Q owner Kingfisher.

Pictured: Ikea's store in Greenwich, London

Ikea hasn't yet decoupled growth from emissions as it aims for climate positivity

Ikea has posted a 15% year-on-year increase in its absolute emissions, but claims the fact that it is reducing emissions intensity means it can still achieve its 2030 climate positivity ambition.

Satellite image of Glasgow land surface temperature. Image: ESA NCEO (U. Leicester)

How can geospatial data help tackle climate change?

Across the globe, billions of pounds are being invested into measures to tackle climate challenges, but how do we know we are investing in the right areas and how can we track the impact these measures are making?

Ready to follow in NCC's footsteps? The Award ceremony will take place on 30 March

What makes a sustainability leader? Meet green recovery champions Nottingham City Council

With edie's 2022 Sustainability Leaders Awards ceremony on the horizon, this series showcases the achievements of previous winners and reveals their secrets to success. Up next: Winner of our Green Recovery Initiative of the Year, Nottingham City Council.

The Mayor's preferred pathway includes expanding the ULEZ to all of Greater London within 24 months

London plots pathway to net-zero by 2030, mulls huge ULEZ expansion

The London Assembly has published plans detailing four ways in which the capital could decarbonise its operations, including public transport, to meet net-zero by 2030 - an accelerated target announced by Mayor Sadiq Khan in 2020.

In all scenarios assessed by IRENA, no grey hydrogen is produced globally in 2050

Hydrogen will only play a small role in decarbonising home heating, IRENA forecasts

With global low-carbon hydrogen production set to grow exponentially in the coming years, use should be prioritised in sectors that are hard to electrify, like shipping and steelmaking, a major new forecast is recommending.

All three reports are free to download

Accelerators: Access three reports on how to champion the net-zero transition

edie has published a mini-series of reports focused on the net-zero transition through the lens of energy and sustainability professionals focused on renewables, innovation, strategy and people.

Image: Exxon

Exxon finally announces 2050 net-zero target, stops short of addressing indirect emissions

ExxonMobil has committed to reaching net-zero operational emissions by 2050, with full plans for delivery due in 2023. However, it has failed to update ambitions to reduce indirect emissions, which account for the majority of its footprint.

Image: UN Climate Change 

Elizabeth Wathuti: Climate crisis needs to be 'humanised' to inspire more action

EXCLUSIVE: Elizabeth Wathuti, the Kenyan activist who gave an impassioned speech to world leaders at COP26, believes that businesses and society need to "open their hearts and listen" the communities that are experiencing the worst of the climate crisis already, in order to make informed decisions that benefit society at the next global climate summit.

Pictured: Natural gas infrastructure in the Netherlands

Investors worth €50trn call on EU to exclude gas from green finance taxonomy

Fossil gas should be excluded from Europe's list of sustainable investments, according to a group of investors with €50trn worth of assets. The group added it was still considering whether to accept the classification of nuclear as a sustainable investment.

The report argues that “dynamic” carbon monitoring would be complemented by a new carbon standard that should be introduced across all parts of the economy

Report: Carbon mandates can kickstart digital net-zero energy sector

The Government has been urged to assist the digitalisation of the UK's energy system so that it can reliably and transparently integrate new solutions such as electric vehicles (EVs) and heat pumps that will drive low-carbon markets moving forward.

The increase in coal generation was largely driven by China and India

IEA: Power sector emissions reached record high in 2021

Global CO2 emissions from power generation rose 7% year-on-year in 2021, with coal meeting more than half of the increase in electricity demand, the International Energy Agency (IEA) has revealed.

It builds into HSBC’s global commitment to offer between $750bn and $1trn of financing and investment support to its customers over a ten-year period

HSBC's £500m green SME fund officially launches

HSBC has confirmed that a £500m fund to help small and medium-sized businesses (SMEs) improve on sustainability that was first discussed at COP26 has officially launched today (17 January).

The target will become enshrined in law by the end of June 2021

Sixth Carbon Budget: UK to reduce emissions by 78% by 2035

Prime Minister Boris Johnson has agreed to legislate a new target to reduce national emissions by 78% by 2035, including emissions from international shipping and aviation, following the Climate Change Committee's advice on the Sixth Carbon Budget.

Viridor is aiming to have the technology installed and running at its Runcorn site (pictured) by 2026

Viridor targets net-negative emissions by 2045 through carbon capture technology

Waste management firm Viridor has committed to becoming a net-zero emissions business by 2040 and to then move further by reaching net-negative emissions five years later.

Image: ENA

Hydrogen blending ready for UK-wide rollout next year, industry body announces

The UK's gas grid will be ready for distributors to begin using hydrogen and natural gas blends from 2023, industry body the Energy Networks Association (ENA) has stated, urging Ministers to increase policy support for the move.

The first in a series of three reports is free to download for edie users

Net-Zero Accelerators: edie launches mini report on business strategy and innovation

edie is publishing a mini-series of reports focused on the net-zero transition through the lens of energy and sustainability professionals based on exclusive conversations with our Net-Zero Leaders Club. First up, a report on strategy and innovation.

Issuance was particularly high from the departments of national governments, and bodies set up by national governments, including the organisation tasked with rail construction in France

A boon for green bonds: Record $210bn of climate bonds certified in 2021

The Climate Bonds Initiative has revealed that it certified more than $200bn of bonds in 2021, from more than 220 issuers, marking a record high.

Parliament has been back for less than two weeks and, already, pressure is mounting over net-zero policy gaps

Failure to tackle cost-of-living crisis could derail UK's net-zero transition, Institute for Government warns

The current cost-of-living crisis, largely driven by energy price hikes, is the "most immediate threat" to the UK's delivery of its long-term climate targets, according to a new policy briefing.

BNEF is predicting "teething problems" as the market expands amid the net-zero movement

BNEF: Carbon offset prices set to increase 50-fold by 2050

Prices for carbon offsetting could reach highs of up to $120 per tonne by 2050, up from between $2 and $3 in 2021, BloombergNEF (BNEF) is forecasting.

Image: Maersk Line

Shipping giant Maersk moves net-zero target forward 10 years

Danish shipping giant AP Moller-Maersk has moved its target to become a net-zero business forward 10 years, pledging to align with the advice of the Science Based Targets initiative (SBTi) and reach net-zero by 2040.

Shell was the focus of climate activists

Business giants pressured by Dutch activists to strengthen climate targets

A Dutch environmental group that successfully took Shell to court has sent a letter to 30 businesses, including BP and Uniper, calling on them to step up climate plan efforts.

The report calls on the Government to introduce a “green skills super deduction” tax relief for businesses to offer training for staff for green jobs

Report: Tax relief for businesses can upskill workers for green transition

Every major sector in the UK will need to "close a significant skills gap" in order to reach net-zero emissions, according to a new Green Alliance report that states that major policy interventions are needed to upskill the current workforce by providing incentives and tax reliefs for businesses.

Wholesale gas and electricity prices in the UK are currently more than twice as high as they were this time last year

How will the energy price crisis affect UK Plc's net-zero transition?

As the energy price crisis rolls on, arguments for and against renewable energy and green subsidies are becoming increasingly politicised. Where will this leave UK businesses seeking to align with - or get ahead of - the nation's 2050 net-zero target?

The new target has been approved by the Science Based Targets initiative

Arla Foods doubles operational decarbonisation target to boost net-zero goal

Dairy giant Arla Foods is more than doubling an existing decarbonisation reduction plan of 30% across its operations to 63% by 2030, as part of approved science-based targets that will help the business reach net-zero by 2050.

Image: EDF

Hunterston B closure sparks fresh calls for Government to clear up nuclear and renewables plans

Scotland's 1GW Hunterston B nuclear power station is permanently closing at midday today (Friday 7 January) after 46 years of operation, with the move putting Ministers under fresh pressure to clarify their long-term approaches to low-carbon electricity.

Image: Vattenfall

Vattenfall exploring high-temperature heat pumps for UK market, BEIS allocates more funding for heat networks

Vattenfall has confirmed plans to launch an innovative heat pump solution in the Netherlands, with a view to a UK launch, while the UK Government has allocated £19m of fresh funding to heat networks.

The Plan covers all forms of transport, but some sectors have stronger policy commitments than others

At a glance: Everything you need to know about the UK’s Transport Decarbonisation Plan

The UK Government has unveiled its domestic plan designed to align the transport sector with the national net-zero target. Here, edie pulls out what this means for all modes of transport moving forward.

The new EV is expected to have a range of between 350 to 400 miles on a single charge

Chrysler to launch full electric vehicle portfolio by 2028

Fiat-owned car manufacturer Chrysler has unveiled a vision to introduce its first battery electric vehicle (EV) in the next three years, as part of a wider commitment to launch a full EV portfolio by 2028.

Under current emissions reductions targets, 92% of all countries are expected to experience extreme hot years every second year by 2030

Emissions from five major economies to double number of countries facing 'extreme hot' years, scientists warn

The emissions of five major economies over a 40-year period look set to double the number of nations that will experience "extreme hot years", new research warns.

 SUVs consume, on average, 20% more energy than a mid-sized car

IEA: Global SUV sales rebounding post-lockdown, offsetting EV gains

The International Energy Agency (IEA) has published a new analysis of global car sales, revealing a 10% year-on-year uptick in SUVs for 2021 that could undermine the electric vehicle (EV) revolution.

Pictured: The Walney Extension offshore wind farm, for which PIC has provided debt financing. Image: Orsted

Report: Post-Brexit insurance regulation reform would unlock billions for UK's green economy

Now the UK has left the EU, it must properly reform regulation governing insurance companies to unlock the multi-billion-pound investments needed for projects and sectors crucial to meeting the UK's climate and environmental goals, a new report is urging.

Under the most ambitious scenario, the UK would reach net-zero by 2047

2TWh of hydrogen and 37 million EVs: How can the UK reach net-zero emissions?

The National Grid Electricity System Operator (ESO)'s latest Future Energy Scenarios (FES) report has outlined four potential scenarios for decarbonisation in the UK, three of which would see the UK reach net-zero emissions by 2050. Here, edie outlines what is required to meet the legally binding target.

Live emissions and energy data from the net-zero pilot restaurant will be used to inform a roadmap to decarbonisation across the KFC UK&I estate

KFC and Pilgrim's target net-zero by 2040

KFC UK & Ireland has announced a new commitment to reach net-zero ten years ahead of the legal deadline of 2050, in the same week that meat giant Pilgrim's announced a global net-zero target, also for 2040.

Around 135,000 jobs would be created in the North, Midlands and East England, with a further 57,000 jobs set to be created in Scotland

UK's clean energy pipeline on course to unlock 625,000 green jobs

The UK's focus on decarbonisation and clean energy looks set to unlock 625,000 jobs, equivalent to 90% of jobs lost to the coronavirus pandemic, according to new research.

Pictured: 11 Tampines Concourse, a CDL development certified as carbon-neutral

Real estate giant CDL strengthens science-based emissions goals in line with 1.5C

After setting a 2030 net-zero target, City Developments Limited (CDL) has set stricter emissions reductions targets and had them verified in line with 1.5C by the Science-Based Targets Initiative (SBTi).

How closely have you been following the climate and environmental news in 2021? Find out with our fun new quiz to close off the year

Test your sustainability news knowledge with edie's Big Fat Quiz of the year for 2021

From climate to the circular economy, take edie's 2021 quiz of the year to test your knowledge on some of the biggest moments in the global sustainability space over the past 12 months.

Image: ExxonMobil

Nest divests from ExxonMobil and other 'unresponsive' fossil fuel giants on road to net-zero

UBS Asset Management and the UK's largest pension scheme, Nest, have divested from five fossil fuel firms which they say have not responded well to climate-related engagement.

Sales of EVs and plug-in hybrids PHEVs have skyrocketed by more than 100% compared to the same period last year in the UK

Vauxhall's Cheshire site to produce new electric vans as EV sales skyrocket in the UK

Vauxhall's Ellesmere Port plant in Cheshire has been earmarked to produce new electric vans, while a group of automakers gears up to collaborate on charging points for heavy-duty vehicles.

Pictured: Onsite solar at Alibaba's corporate campus in Hangzhou, China

Online retail giant Alibaba targets carbon-neutral operations by 2030

E-commerce major Alibaba has pledged to achieve carbon-neutrality for its direct (Scope 1) and power-related (Scope 2) emissions by the end of the decade and signalled its intention to develop science-based climate targets in line with 1.5C.

Côte Restaurant Group is one of five new joiners, bringing the initiative's membership to 33 businesses

IHG, Côte and other hospitality majors join Zero Carbon Forum

Five major hospitality businesses have joined the Zero Carbon Forum initiative, which is convening pubs, restaurants, brewers and hoteliers to deliver net-zero value chains by 2040.

Pictured: Unite Students' Somerset Court development in Euston, London. Image: US

Unite Students outlines pathway to net-zero by 2030

The UK's largest provider of student accommodation has published its plans for reaching net-zero operations and construction by 2030 - an ambition first announced this March.

Fossil-based hydrogen currently represents more than 95% of global annual production

Cadent and Equinor plot hydrogen town in Lincolnshire

Gas grid operator Cadent and energy giant Equinor are exploring the feasibility of creating hydrogen towns within the Humber region, to assist with the UK's Ten Point Plan for a green industrial revolution.

The new packages form the second part of the EU's 'Fit for 55' package, designed to reduce emissions across the bloc by 55% by 2030

EU unveils sweeping package of low-carbon legislation for gas, buildings and transport

The European Commission has today (15 December) unveiled a package of legislation designed to align its gas, buildings and transport sectors with the EU's 2050 net-zero target.

Pictured: An artist's impression of the plans for the Square, from above. Image: Grosvenor

London's Grosvenor Square to be transformed into 'urban garden'

Grosvenor Britain & Ireland has submitted proposals to transform its iconic Grosvenor Square into an urban garden that, if approved, will be the second-largest in London.

The 20-page report is free to download, providing a handy recap of November's biggest news stories and edie's exclusive content and events

Recap on Net-Zero November 2021 with edie's new summary report

Readers keen to recap on a busy month in the global net-zero conversation are encouraged to download edie's new report, which summarises our Net-Zero November campaign and provides blueprint for business leadership on sustainability.

Pictured: One of Future Biogas's existing UK plants

AstraZeneca to support UK biomethane and CCS project in drive to decarbonise heat

AstraZeneca has forged a partnership with energy firm Future Biogas, to support the development of a 125GWh biomethane production plant fitted with carbon capture technology, so it can source low-carbon heat locally.

Image: Morrisons

Morrisons turns to digital data tracking to cut supply chain emissions

Supermarket Morrisons is rolling out a new emissions-tracking software platform to suppliers producing its own-brand products, as it strives to reduce supply chain emissions by 30% by 2030.

The Pact is aiming to have "hundreds" of supporting organisations within six months

Music industry giants to plot joint course to net-zero

Sony, Universal and Warner are among the major record labels to have signed up to a new music industry pact to reach net-zero by 2050 and reduce their climate impacts in line with science in the interim.

Pictured: The existing 70MW battery system. Image: Sembcorp Energy

Europe's largest battery storage system planned for Teesside

Sembcorp Energy UK has today (14 December) unveiled plans to create a 360MW battery storage facility on Teesside, which would be largest system of its kind in Europe.