Climate Change Agreement

DEFINITION: A UK Government policy which provides a 90% discount for businesses within energy-intensive sectors that agree upon targets to improve their energy efficiency or reduce carbon emissions.

See also: Climate change

See also: Climate Change Act

 

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The UK's climate action is under mounting scrutiny in the lead-up to COP26

Leading or lagging: Is 2050 too late for net-zero in the UK?

When the UK first announced its legally binding net-zero target, it was described as 'world-leading'. But, given that the IPCC recommended 2050 as a final cut-off date, the debate has been intensifying around whether the nation can go further and faster.

Reports suggest that concerns around food hygiene due to Covid-19 could increase plastic packaging intensity

Coronavirus and plastics: Are we headed back towards single-use?

As the global economy struggles with the pressures of Covid-19, some industry groups are using the need for more protective equipment as a means to lobby for the removal of charges and bans on single-use plastics. edie explores why that cannot be allowed to happen.

The 4 big ideas for net-zero carbon strategies

Experts across energy management came together at edie’s SPARK! 2.0 event to discuss the role that strategy could play in the delivery of net-zero carbon targets.

According to the Ellen MacArthur Foundation, there are more than 86 million tonnes of plastics in the oceans, with up to 12 million tonnes added each year

UK to support 'Paris Agreement on plastics'

The UK Minister for Pacific and the Environment, Zac Goldsmith, has revealed that the UK is willing to discuss a new global treaty to tackle plastics pollution, which has been supported by more than two-thirds of UN member states.

The Government insists this is "only the start" of a green policy rollout

Is Boris Johnson's Ten Point Plan enough to reach net-zero?

Businesses, green groups and entire sectors welcomed the far-reaching announcement from the UK Government to issue a Ten Point Plan that would put the nation on the road to net-zero, but already analysis suggests that more is required to reach net-zero emissions by 2050.

The company spent 18 months evaluating more than 60 formulas to find a solution with a low environmental impact

Garnier launches shampoo bars with reduced environmental impact

L'Oreal brand Garnier is launching a new range of shampoo bars, packaged in 100% recyclable materials, that offer a 25% reduction in environmental impact compared to liquid shampoos.

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

Anger as IMO approves deal that will let shipping emissions rise through 2030

Green groups and ministers have expressed anger and disappointment after the UN's shipping body approved measures which will let emissions from the sector grow for another decade.

Reporting was particularly poor on Scope 3 (indirect) emissions, which, for most businesses, make up the majority of their emissions footprint

Report: Just 3 in 10 European businesses are properly disclosing their climate impact

Only 30% of Europe's largest companies publicly publish detailed information on their climate policies, emissions footprint and climate risk, an analysis of 300 major businesses has found.

Henkel owns some of Europe's most recognisable FMCG brands, including Persil and Schwarzkopf 

Henkel targets net-zero by 2040 under Amazon's Climate Pledge

FMCG giant Henkel has joined Amazon's Climate Pledge, committing to reach net-zero emissions across all scopes by 2040.

New dawn: The 10-point plan will radically change key industrial sectors in the UK in order to eliminate the nation's contribution to climate change

Boris Johnson unveils £12bn Ten Point Plan for net-zero transition

Clean hydrogen, carbon capture and storage (CCS), zero-carbon transport and offshore wind are all key pillars of Boris Johnson's Ten Point Plan to push the UK towards net-zero emissions, which will be backed by £12bn in Government investment and aim to create 250,000 new green jobs.

The £12bn plan will support up to 250,000 green jobs, with the Government aiming to secure three times as much investment from the private sector by 2030

'An ambitious plan for a green industrial revolution': Reaction to Boris Johnson's Ten Point net-zero plan

Green groups have welcomed a new Ten Point Llan from Prime Minister Boris Johnson to deliver a green recovery from the coronavirus pandemic and build towards the net-zero emissions target, but the lack of a clear roadmap is dampening an otherwise monumental green policy moment.

Growth will be delivered by a rollout of the Vegetarian Butcher, which Unilever acquired in 2018. In addition, more vegan options for brands such as Hellmann’s, Magnum and Wall’s will be introduced

Unilever to halve food waste, sets €1bn sales target for plant-based food alternatives

Consumer goods giant Unilever has unveiled a new "future foods" strategy that will see the company commit to halving food waste, improving nutritional standards and set a €1bn sales target for plant-based meat and dairy alternatives.

London was one of four cities to receive an 'A' Grade

Which UK cities are leading on climate action - and how?

CDP has this week published its Cities A List for 2020, revealing the global cities that are leading efforts to tackle climate challenges. Here, edie looks at the four UK cities to have made the cut, summarising their green plans and progress to date.

Oil and gas majors, along with materials giants, airlines and automakers, received the letter 

Disclose climate risks or face divestment, investors warn Europe's largest companies

A coalition of investors representing more than $9trn of assets has asked some of Europe's largest and highest-emitting companies, like Shell and Maersk, to prove they are aligning with the Paris Agreement and to improve climate risk disclosure.

#SustyTalk: Counting down to COP26 with Chapter Zero, the Green Alliance and Fundación Avin

for Net-Zero November, edie hosts a special #SustyTalk video panel discussion on preparations for COP26 with the Green Alliance's Shaun Spiers, Chapter Zero's Susan Hooper and Fundación Avin and the UNFCCC's advisory panel's Ramiro Fernandez.

CDP estimates that 90% of food sector emissions happen in the supply chain

CDP: Food giants are greenwashing, not addressing their climate impact

While many major food brands are launching "green" or plant-based products, less than two in ten are measuring and disclosing emissions from their supply chains - which are likely to be the most-emitting parts of their business.

The coalition claims that a UK sustainable aviation fuels industry could deliver around £3bn in GVA and 20,200 jobs by the 2030s

Aviation sector spells out plans to be at heart of UK's green recovery

The chief executives from some of the largest organisations in the aviation sector have called on Prime Minister Boris Johnson to deliver legislative and financial support to create a sustainable aviation fuels industry that would help the sector reach net-zero emissions and assist with a national green recovery.

Many were disappointed with the choice of sponsors for COP25 in Madrid in 2019

Utilities and banks: UK unveils first round of corporate COP26 sponsors

The UK's COP26 secretariat has named utilities SSE and Scottish Power, along with National Grid and NatWest Group, as its first sponsors for the climate conference next year.

Transport is the UK’s largest emitting sector

UK set to move petrol and diesel ban forward to 2030

Prime Minister Boris Johnson is expected to move the ban on sales of new petrol and diesel cars forward to 2030, as part of a raft of new policy announcements to drive the UK towards its net-zero target.

#SustyTalk: Global Returns Project's Yan Swiderski on the next generation of climate finance

edie's #SustyTalk interview series continues with the Global Returns Project's co-founder Yan Swiderski discussing how the finance sector is responding to climate change.

Carbon Copy uncovered the data through its new UK Carbon Zero Explorer interactive map

Majority of local authorities have declared climate emergencies

Almost two years on from when the first council in the UK declared a climate emergency and responded with ambitious decarbonisation plans, a new mapping tool has unveiled that nearly three-quarters of local councils have made similar declarations, with more than half of those committing to reach net-zero.

Trevelyan previously served as the Secretary of State for International Development (DFID), which was merged with the Foreign & Commonwealth Office earlier this year

Anne-Marie Trevelyan: What we know about COP26's 'international adaptation' champion

The UK Government has appointed Conservative MP Anne-Marie Trevelyan to the role of International Champion on Adaptation and Resilience for the COP26. But as the first woman appointed to a senior role for the crucial climate summit, Trevelyan has a patchy history on climate action.

Pictured: A health centre worker carrying water in Ethiopia. Image: WaterAid/ Genaye Eshetu

Report: Only 1% of global climate finance helps water-stressed communities

Of the $73bn of international climate funding provided in 2018, less than 1% was allocated to help the world's poorest people access water and sanitation, a major new report from WaterAid reveals.

Johnson has commenced a year-long countdown to COP26. Image: Foreign Office flickr

'No time to waste': Boris Johnson to set out 10-point plan to boost net-zero commitment

Prime Minister Boris Johnson has issued a global rallying call on nations to put forward raised ambitions to tackle the climate emergency as part of a year-long run-up to COP26, with the UK set to publish a 10-point plan to boost green jobs and reach net-zero imminently.

Lord Deben served as Environment Secretary in the 1990s and played an instrumental role in the Climate Change Act

Lord Deben: 'Climate change is the symptom, not the disease'

EXCLUSIVE: Committee on Climate Change chairman Lord Deben used his keynote speech at edie's Net-Zero Live to deliver a rousing speech on the intersections between climate change, nature loss and public health.

Between 2011 and 2019, gross operational emissions in the sector have fallen by almost 45%

Renewables and restoration: Water sector outlines net-zero routemap for 2030

The UK's major water companies will unveil a Routemap detailing how solar installations, electric vehicles and biomethane production will enable the sector to reach net-zero emissions by 2030.

The virtual Net-Zero Live event will include interactive panel discussions, facilitated networking sessions, educational masterclasses, and "open roundtable" discussions

Net-Zero Live 2020: Register for today's Net-Zero Resources sessions

Following a thought-provoking two days of edie's Net-Zero Live virtual event, businesses looking at resource efficiency can hear from Unilever, Coca-Cola, Mars, Timberland and WWF on the final day of the flagship event.

More than 900 cities and more than 9,600 businesses disclosed information on climate change, forests or water security

CDP: Companies worth half of global market cap are now disclosing environmental data

Non-profit CDP has revealed that a record 10,000 companies, cities, states and regions have reported environmental data during 2020, making it a record year for disclosure.

COP26 was due started this week - here's what's happening instead

The UN's 26th climate conference - COP26 - should have begun in Glasgow this week. With the event postponed by 12 months due to Covid-19, edie explores the events keeping the international climate conversation going.

With the US accounting for 14% of global emissions, the world’s largest economy will be a key driver in striving to reach required levels of global decarbonisation

US Election 2020: What does Joe Biden's win mean for the global climate emergency?

US President-elect Joe Biden is outlining that first steps of his transition plan after beating Donald Trump in the US election. While the latter is yet to concede the results, leadership under the Democrats will deliver a very different outlook on global efforts to combat the climate crisis.

#SustyTalk: Zero-carbon energy transitions with Northern Powergrid and Oxford City Council

For Net-Zero November, edie's #SustyTalk video interview series has involved into a selection of panel discussions based on the low-carbon transition. For this episode, Tom Hayes from Zero-Carbon Oxford and Anda Baumerte from Northern Powergrid discuss the energy revolution.

In the wake of Covid-19, risk management, adaptation and resilience have moved up the business agenda

Half of UK businesses 'have not prepared for climate risks', survey finds

A survey of 122 of the UK's biggest businesses has found that half have done little or no work to prepare for climate change risks - both physical and transition-related.

Pictured: Compere Julia Bradbury and edie's insight editor James Evison (left) present the Kaluza team with the award

What makes a sustainability leader? Meet cleantech innovators Kaluza

With the 2021 Sustainability Leaders Awards entry deadline approaching, this new feature series showcases the achievements of the 2020 winners and reveals their secrets to success. Up next: The winner of our Technological Innovation award: Kaluza.

Ed Davey has already voiced his support for the Bill

MPs mull stricter legal climate requirements for pension funds

MPs are being presented with a new Bill today which, if implemented, would force pension funds and other investors to align all 'default' funds with the Paris Agreement.

George has been working in corporate responsibility for five years and recently announced a promotion within John Lewis Partnership

Meet edie's 30 Under 30 Class of 2020: George Barrett, John Lewis Partnership

This new series profiles the members of edie's 30 Under 30 - a nomination-based community of 30 hugely talented young sustainability and energy professionals who have already achieved great things or are showing fantastic promise. Up next: George Barrett, sustainability manager for the circular economy at John Lewis Partnership.

If Biden does win, more than 60% of global emissions would be covered by a net-zero ambition

The Net-Zero election: Will the US continue to swim against the tide on climate change?

It is election night in the US and millions of citizens have already cast their vote on who should be the next president. The divide between Donald Trump and Joe Biden is evident, with one ready to withdraw from the Paris Agreement and the other ready to embrace the net-zero transition. The result of this election will likely shape global climate negotiations moving forward.

Net-Zero Live is free-to-attend and has been shifted to a virtual format for 2020

Net-Zero Live 2020 preview: 8 things not to be missed at next week's virtual event

With just a week to go until Net-Zero Live 2020, hosted in association with EDF Energy, edie previews some moments from the virtual conference that readers will not want to miss out on.

Khoo outlined how Interface was aiming to have zero impact through its products and operations, and how that has changed the mindset of the business

Can business models act as carbon sinks to reach net-zero?

To kickstart edie's Net-Zero November, carpet manufacturer Interface's head of sustainability Jon Khoo reflects on the company's own ambitious Climate Take Back strategy, as well as discussing how business mindsets and models can "act like carbon sinks" to transform corporates into zero-impact organisations.

The framework aims to help businesses minimise physical and transition risks 

TCFD gains 500 global supporters amid Covid-19, but full alignment remains rare

The Task Force on Climate-related Financial Disclosures (TCFD) has revealed that more than 500 organisations have pledged support for its recommendations since February, but that reporting remains inconsistent.

Primark is one of the world's largest fashion retailers with 385 stores and more than 70,000 employees 

Primark commits to deliver net-zero value chain by 2050

Fashion giant Primark has signed the UN's Fashion Charter, committing it to reducing emissions by 30% by 2030 and achieve net-zero by 2050.

On average, each of the 50 banks was linked $52bn in finance that is causing biodiversity loss risk

Banks and agribusiness linked to biodiversity loss

Some of the world's largest banks have been linked to industries that are causing mass deforestation and biodiversity loss, with some in the finance sector providing loans and underwriting worth more than $2.6trn to climate-wrecking initiatives.

Some 40% of South Korea's electricity generation currently relies on coal, compared to 6% for renewables

Net-zero by 2050: South Korea to enshrine new climate target in law

South Korean President Moon Jae-in has declared that the country will achieve net-zero emissions by 2050, bringing its climate commitments in line with the likes of the UK and Japan.

Many businesses and trade organisations have upped lobbying activities as nations develop post-Covid-19 plans

Investors ask most-emitting companies to prove their climate lobbying is Paris-Agreement-aligned

Dozens of the world's highest emitting corporates have been asked to explain how their lobbying activities impact climate change by an influential group of investors.

Mike Townsend, founder and chief executive of Earthshine Group, summarises the net-zero journey

Towards net-zero: Are we really the smartest of monkeys?

Setting the scene for edie's upcoming Net-Zero November month of themed content and events, sustainable business expert and commentator Mike Townsend takes a thought-provoking look at the various drivers, challenges and opportunities that lie ahead for businesses on our pathway towards a net-zero carbon, circular economy.

Despite playing host to a growing renewable energy sector, Japan is still largely reliant on coal

Japan to legislate for 2050 net-zero target

Japanese Prime Minister Yoshihide Suga has vowed to enshrine a 2050 net-zero target in national law, major news outlets across the globe are reporting.

Pictured: Year 2 pupils at a participating primary school

New scheme to help UK's schools align with net-zero

Charities including Ashden, Global Action Plan and the Fairtrade Foundation have teamed up to launch a new initiative helping UK schools transition to net-zero.

The IA joins bodies like the Aldersgate Group in calling for stricter TCFD disclosure requirements

Investors worth $8.5trn call for mandatory climate risk reporting for big businesses

Climate risk reporting should be made mandatory for the UK's biggest publicly listed businesses, an influential group of investors has told Ministers and regulators.

The Government has responded to advice from the CCC

Government to publish 'comprehensive' net-zero strategy in build up to COP26

The UK Government has responded to the latest Committee on Climate Change (CCC) progress report, pledging to publish a "comprehensive" strategy that will detail how all parts of the economy will decarbonise in line with the national net-zero emissions target for 2050.

The Chancellor announced in March the UKEF would receive an additional £2bn to finance clean energy projects overseas

UK Export Finance could support 42,000 green jobs by reallocating funds from oil and gas

The UK Government's direct lending facility could support more than 40,000 jobs in the renewables sector annually by 2035, if it were to assume liabilities for renewable exports like it currently does for oil and gas, new research has found.

A truly green recovery is not yet guaranteed for the UK, the report concludes

2021 will be 'a critical window' for creating a sustainable future, major report warns

The decisions taken by businesses, investors and the government in the UK over the next six to 18 months will either lock us into unsustainable systems or bring about a resilient future with intersectional benefits for the environment and society, a major new report argues.

The businesses are calling for targeted policies that will support and enable viable projects to commence over the next decade

Businesses and green groups call for Government to set out 'negative emissions' policy framework

The National Farmers Union (NFU), Heathrow Airport and the Renewable Energy Association (REA) are amongst the organisations that have formed the Coalition for Negative Emissions, which is this week calling on the UK Government to set an "unambiguous commitment" to carbon capture and negative emissions.

The Alliance members state that they do not wish to engage in divestment exercises

Global investors kickstart 1.5C decarbonisation process for portfolios

Some of the world's largest investors accounting for $5trn in assets under management have agreed to set time-bound decarbonisation targets that will see the organisations work with companies in their portfolios to align to climate action.

The businesses are accountable for 13.5 gigatons of emissions across scope 1 and 2 – equivalent to 25% of all global emissions

From Tesla to Rio Tinto: Investors call on thousands of businesses to set science-based targets

Tesla, Nest, TIU, Roche Holding AG and Rio Tinto are amongst the 1,800 companies that have been urged to set science-based targets by a group of investors and financial institutions representing more than $20trn in assets under management.

Depending on the individuals' net-worth, it could take as little as 5,000 people to meet the $10bn goal

New initiative to help investors funnel $10bn into climate solutions annually

By allocating just 0.25% of their savings and investments to fund not-for-profit projects aiding climate adaptation and mitigation, individual investors could collectively funnel $10bn per year into this space by 2030, a pair of ex-financiers have claimed.

The long-term commitment covers emissions from investments and the supply chain 

City of London Corporation targets net-zero by 2040

The City of London Corporation has committed to reaching net-zero across its investments and supply chain by 2040, with an interim ambition to generate net-zero operational emissions by 2027.

Several major banks have outlined new climate targets since the pandemic began

HSBC sets net-zero target, plans $750bn of low-carbon investment by 2030

HSBC has committed to reaching net-zero financed emissions by 2050 and outlined plans to finance at least $750bn of low-carbon activities within a decade.

The BT Pension Scheme has joined the UN-convened Net-Zero Asset Owner Alliance

BT's £55bn pension scheme commits to net-zero emissions by 2035

The UK's largest corporate pensions investment fund, BT Pension Scheme, has signalled its intention to reach net-zero emissions by 2035 on behalf of its £55bn portfolio.

Sir David Attenborough (pictured left) is helping to promote the prize

Earthshot Prize: Royals to spend £50m on climate and nature innovations by 2030

The Duke and Duchess of Cambridge have officially launched what they describe as the "most prestigious global environment prize in history", which will allocate £50m to projects tackling the climate and nature crises over a ten-year period.

Facebook has more than 2.7 billion users

Facebook accused of failing to tackle climate misinformation, despite crackdown on fake news

Even though Facebook bans false advertising and has recently introduced new measures to tackle misinformation, 51 advertisements promoting climate denialism were posted by US-based users in the first half of 2020 and were viewed by millions of people.

Several key green policy announcements are expected in the coming weeks, but the paper warns that deeper change is needed

Government's current green policy approach risks alienating British public, IPPR warns

The UK's current political system is "dangerously unprepared" to not only rise to the challenge of the climate and nature crises, but to ensure a just transition and earn public trust, the IPPR is warning.

Jope succeeds Paul Polman, who served as CEO for more than 10 years and is widely regarded as the father of modern CSR. Image: Unilever

Unilever CEO: Climate change and Covid-19 mean capitalism must change

Unilever's chief executive officer Alan Jope has said the business has found itself "at the centre" of discussions around redesigning capitalism with environmental and social sustainability in mind post-pandemic.

In a 4.4C world, annual climate-related damage costs could be 17 times higher in 2200 than 2070, the report predicts

CDP: Paris Agreement alignment could cut climate change costs by two-thirds

The mean damage costs of climate change will reach $5.4trn annually by 2070 and "spiral" to up to $31trn per year by 2200 if the global temperature rise hits 4.4C by the end of this century - which it will unless 'business-as-usual' is transformed.

Aviva Investors is notably represented on the EU High-Level Expert Group on Sustainable Finance and is a founding partner of the World Benchmarking Alliance

Aviva sets 2050 net-zero target for pensions, urges Government to force others to follow suit

Aviva has committed to ensuring that companies held in its auto-enrolment default pension funds generate net-zero emissions by 2050 - and urged the Government to make this a unified commitment across the sector.

Pictured: A fossil fuel project in the North Sea

UK Government reps 'discussing potential COP26 sponsorship deals with oil majors'

Despite a promise to ensure that COP26's corporate sponsors are "making real contributions" to climate action, government representatives have reportedly been in discussions with some of the world's highest emitting firms, including Equinor, BP and Shell.

The NHS accounts for 4% of the UK’s carbon footprint

NHS sets net-zero emissions target for 2040

Despite the ongoing challenges in dealing with the coronavirus pandemic, NHS England has signalled its intention to reach net-zero emissions through a plethora of new initiatives that will see 40 net-zero hospitals created alongside a £50m LED lighting upgrade.

The fund is thought to be the first with SDG 14 as its sole focus

Credit Suisse raises $212m for 'world's first' ocean health impact fund

Swiss investment bank Credit Suisse has partnered with Rockefeller Asset Management to launch an impact fund that will finance projects improving ocean health, raising $212m pre-launch.

Tesco will introduce plant-based alternatives across 20 different food categories

Tesco to increase sales of meat alternatives by 300% to reduce environmental impact of products

Tesco has become the first UK retailer to set public sales targets for plant-based meat alternatives, pledging to increase sales of those products by 300% by 2025 as part of an ongoing commitment to halve the environmental impact of the average shopping basket.

The event went digital for the first time, due to Covid-19 restrictions in the US

Everything you may have missed: The sustainability success stories of Climate Week NYC 2020

As Climate Week NYC comes to a close, edie highlights the numerous new green commitments and announcements made by businesses and policymakers.

The announcement was made at Climate Week NYC

Business giants including Best Buy and Siemens join Amazon's climate pledge, target net-zero by 2040

Corporate giants Best Buy, Siemens, Schneider Electric and McKinstry, along with Spanish football club Real Betis, have joined Amazon's Climate Pledge and vowed to reach net-zero carbon by 2040.

Chanel is the first unrated issuer to have a public set of bonds linked to sustainability ambitions

Chanel links €600m sustainability bond to science-based targets

Luxury fashion and fragrance giant Chanel has issued a €600m transaction for bonds linked to the company's progress against its 1.5C science-based targets.

The Government is ramping up spending on "greener" forms of housebuilding

Future Homes Task Force to ensure housebuilding is aligned to UK's net-zero target

A new cross-sector Future Homes Task Force is set to establish a multi-million-pound Delivery Hub to assist the built environment sector in improving the environmental footprint of new housebuilding.

All three webinar and masterclass sessions are available to watch on-demand for those who have registered

Available to watch on demand: edie's green recovery webinar sessions

Expert speakers gave insight and advice during a free set of green recovery-themed webinars and masterclasses that took place on Wednesday 23 September. You can watch the sessions, featuring the Aldersgate Group, BT, Bank of England, Ella's Kitchen, UKGBC on demand. 

Funding from the grant will also enable the farmers to conduct their own research into soil and water usage

Sustainable MacFries Fund: McDonald's to invest in climate-friendly farming practices

McDonald's has launched a "Sustainable MacFries Fund" in partnership with McCain to improve the resilience of British potato farmers, while also collaborating with the Walmart Foundation, WWF and Cargill in the US to improve land use practices.

London, like many UK cities, has set a net-zero target ahead of the 2050 deadline

London and Bristol vow to divest from fossil fuel companies as part of Covid-19 recovery plans

The mayors of 12 major global cities, including London and Bristol in the UK and Berlin, Milan and Oslo in Europe, have committed to "take all possible steps" to divest their city assets from fossil fuel companies.

Morgan Stanley will still have to develop a strategy for meeting its net-zero commitment

Morgan Stanley commits to net-zero financed emissions by 2050

Global banking firm Morgan Stanley has unveiled a new commitment to reach net-zero financed emissions by 2050, while new research reveals that while almost half of the FTSE 100 companies have net-zero commitments in place, they don't yet have detailed strategies to reach these goals.

China accounts for 28% of the world's emissions and almost 10% of global GDP

China's carbon-neutral target for 2060: What does it mean for global climate action?

The world's largest emitting country, China, has pledged to carbon neutrality by 2060, in a surprising yet welcome move that will boost global negotiations on climate action ahead of next year's COP26 summit.

#SustyTalk: WWF's Raymond Dhirani on financing the green recovery

edie's SustyTalk series continues with WWF UK's head of sustainable finance Raymond Dhirani discussing the role of the finance sector in creating a Covid-19 recovery movement that tackles the twin climate and nature crises.

The five days of events will be held digitally for the first time in Climate Week NYC's history

Climate Week NYC: What happened on day one?

With COP26 postponed and many other large climate events postponed, rescheduled or moved online, all eyes are on Climate Week NYC. Here, edie rounds up the key announcements from the first day.

Walmart has also pledged to protect, manage or restore at least 50 million acres of land and one million square miles of ocean by 2030

Walmart targets zero emissions by 2040, won't rely on offsetting

US retail giant Walmart has committed to becoming a zero emissions business by 2040 by pledging to become carbon neutral across its global operations without relying on carbon offsets.

The targets have now been approved by the SBTi as consistent with levels required to meet the climate goals of the Paris Agreement

Tate & Lyle has carbon goals approve by Science Based Targets initiative

Food and drink ingredient supplier Tate & Lyle has had goals to reduce operational and value chain emissions approved by the Science Based Targets initiative (SBTi).

Arup’s net-zero target arrives alongside UK engineering manufacturer Spirax-Sarco’s own net-zero ambition

Arup, Spirax-Sarco and Bolt outline ambitious climate targets

Engineering firms Arup and Spirax-Sarco Engineering have unveiled new net-zero carbon targets, with Arup targeting net-zero emissions by 2030 and Spirax-Sarco aiming for 2040, while mobility platform Bolt aims to become carbon negative by the end of the year.

Previous research proving that nature loss is happening at an unprecedented pace is highlighted in the report

UN: 'Business-as-usual' must be transformed to prevent collapse of nature

The UN has revealed that 14 of the 20 goals set in 2010 to halt the accelerating decline of nature have not been met and is urging governments, businesses and individuals to accelerate habitat and biodiversity restoration.

Facebook is used by more than three billion people globally

Facebook launches climate science information centre, targets net-zero value chain by 2030

Facebook has launched a dedicated digital space where users can access “factual and up-to-date” information on climate science, modelling the tool after its Covid-19 information centre.

The call to action comes as the EU is set to negotiate on the 2030 target, with the European Parliament's environment committee voting for a new EU-wide target of a 60% reduction by 2030

Business and investor giants urge EU to raise 2030 emissions target

More than 150 businesses and a group of investors with €33trn in assets under management have today (15 September) called on the European Union (EU) to back the ambitions set out in its Green Deal by committing to reduce greenhouse gas emissions by at least 55% by 2030.

The paper is the first step in an effort to ensure that corporate net-zero targets are aligned to climate science and efforts to deliver a net-zero world by no later than 2050

SBTi kickstarts process on global standard for science-based corporate net-zero targets

The Science Based Targets initiative (SBTi) has issued its first guidance on what will ultimately lead to the development of a new global standard to ensure that corporate net-zero carbon targets are aligned with climate science.

Companies receiving the letter collectively account for 80% of industrial greenhouse gas emissions generated globally each year

Investors covering $47trn ask world's highest-emitting corporates to prove net-zero alignment

An initiative involving 500+ investors representing $47trn in assets has asked 161 of the world's largest corporate emitters, including fossil fuel and mining giants, requesting that they commit to net-zero targets and prove they are changing their business models and processes accordingly.

The end game, regardless, would be to achieve climate neutrality by 2050

EU lawmakers up the ante, vote for 60% climate target for 2030

The European Parliament's environment committee has voted for a new EU-wide target to reduce carbon emissions 60% by 2030, setting the stage for tough negotiations with EU countries and the European Commission, which is expected to propose a 55% goal next week. EURACTIV Germany reports.

Sharma was quizzed on the UK's roads programme, green buildings grants and COP26 preparations 

Alok Sharma promises 'joined-up thinking' on net-zero policy, but examples remain scarce

Business Secretary Alok Sharma delivered rhetoric that the Government will approach the net-zero emissions commitment for 2050 through a "joined-up thinking" approach, but was unable to confirm any concrete policy announcements that would ensure fossil fuels aren't locked into the future economy.

If natural disasters occur at the same rate recorded over the last 30 years, 1.2 billion could be displaced globally by 2050

Climate crisis to cause mass population displacement and growth in refugees, report finds

The ecological and climate crises are on course to displace more than 1.2 billion people by 2050, as natural disasters, food shortages and water scarcity create mass disruptions to global migration trends.

The report specifically calls for an overhaul on how the public engages with land and air transport, while encouraging them to eat healthier diets and gain access to more technologies to reduce household emissions

Choice and information: UK citizens' assembly outlines policy and lifestyle overhauls for net-zero transition

The first UK-wide citizens' assembly on climate change, Climate Assembly UK, has issued a list of recommendations as to how travel, diets, power generation and building use can be revamped to help society transition to net-emissions by 2050.

#SustyTalk: Velux's Ingrid Reumert on lifetime emissions and the ecological crisis

edie's SustyTalk series continues with Velux's VP for global communications, sustainability & public affairs Ingrid Reumert discussing how the window and blind manufacturer plans to account for its historic carbon emissions in order to become "lifetime carbon neutral".

Backsliding on existing negotiations could see the UK weaken existing environmental policies

Is Brexit at odds with the UK's net-zero emissions target?

The Government's Brexit negotiations could set the nation up to miss its net-zero commitments, with Boris Johnson's intention to renegade on parts of the Withdrawal Agreement sparking fresh concerns about law-bound efforts to combat the ecological and climate crises.

The whitepaper notes that the UK’s future energy system will have to be supported by technologies still in their infancy - carbon capture and storage (CCS), energy storage and hydrogen production

UK slipping behind on build rate required for net-zero target

The UK is achieving less than half of the required build rate to deliver energy systems that will reach net-zero emissions by 2050, according to a new whitepaper from engineering consultancy Atkins.

Solutions could help the UK become a leading market for smart energy, mobility, connected homes and buildings and climate modelling scenarios

Climate crowdsourcing: Government urged to put digital technology at heart of net-zero strategy

A new report has called on the UK Government to secure a windfall of the emerging digital climate tech sector by embracing low-carbon innovation through policy measures - a move which could help slash emissions and add billions to the UK economy.

Scottish Parliament, Edinburgh

Scotland commits £1.6bn for national green recovery

The Scottish Government has outlined a new £1.6bn spending framework that will form part of an enhanced New Deal for the country that will improve biodiversity, slash emissions from heating and buildings and support 5,000 low-carbon jobs.

Earlier this year, Microsoft unveiled a bold new plan to reduce its carbon impact to below net-zero by 2030

Microsoft joins European Corporate Leaders Group

Microsoft has joined the European Corporate Leaders Group (CLG Europe) to lobby for ambitious climate policy across the continent, with the European Union (EU) recently pushing for a carbon-neutrality goal.

The tool will map physical and transition risks across a number of scenarios

Amazon, Microsoft and Allianz among corporate founders of new climate-risk-focussed data initiative

Amazon, Microsoft, Allianz and S&P Global have signed on as founding corporate members of a new initiative harnessing digital technologies to improve climate risk analysis and boost financing for low-carbon solutions.

In addition, the Ingka Group has confirmed it will implement a “zero-fossil fuel approach” to spending and procurement

Ikea owner commits €600m in sustainability investing over next 12 months

Ingka Group - the business owner of Ikea - will commit €600m in sustainability investments, including a "zero-fossil fuel" approach, to assist with Ikea's overall ambition of becoming "climate positive" by 2030.

edie will be running a host of new content to inform businesses about the requirements and opportunities of the green recovery

Mission Possible: edie launches new campaign to drive a Green Recovery

edie has today (2 September) launched a spin-off of the award-winning Mission Possible campaign which will support sustainability, energy and CSR professionals on our collective mission to drive a green recovery across all major industries in the UK.

The Green Recovery Business Roadmap

Much has been said about the need to deliver a green recovery from the coronavirus pandemic. But what new ways of working should businesses be exploring to assist with a just and low-carbon transition? This new report outlines EIGHT key considerations.