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The Low Carbon Economy – From Stick to Carrot
Britain is at risk of missing a huge opportunity. Policymakers must stop hitting firms with the big stick of ever-higher carbon taxes and levies, eroding their global competitiveness. Instead, they should be offering carrots, incentives to install energy saving equipment, invest in unexplored low-carbon technologies ahead of the curve, and become leaders in the low-carbon markets that must inevitably boom over the next couple of decades if governments around the world are to meet their climate change targets.
Five of the best: Faraday Battery Challenge grant winners
With the Government announcing £22m of funding for a host of "world-leading" battery storage projects, edie takes a look at five of the winning programmes that could accelerate the UK's burgeoning low-carbon economy.
Ikea gets stamp of approval for 80% science-based emissions target
The Ikea Group has had its target of reducing greenhouse gas (GHG) emissions from its stores and operations by 80% by 2030 approved by the Science-Based Targets Initiative (SBTi).
How sustainable is the FIFA 2018 World Cup?
With the first match of the FIFA 2018 World Cup set to kick-off today (14 June), edie takes a look at whether the event lines up with the global low-carbon transition.
Legal and General divests from climate change 'laggards'
Insurance giant Legal and General Investment Management (LGIM) has committed to divest from a host of companies it believes are showing "persistent inaction" on addressing climate risks, removing the firms from its Future World Fund.
Battery-stored solar powers Kingfisher's first 'net-zero' energy store
Home improvement retail giant Kingfisher has unveiled its first UK net-zero energy store, which brings together solar panels, battery storage and air source heat pumps to power operations.
Businesses, NGOs make joint plea for higher EU ambition on climate change
A unique coalition of businesses and investors representing over €21 trillion in assets have joined forces with local authorities and civil society groups to urge EU leaders to accelerate the transition to a zero-carbon economy in order to keep global warming below 2°C.
World's first liquid air energy storage facility launches in Bury
The world's first grid-scale liquid air energy storage (LAES) facility opened in Bury on Tuesday (5 June) in a move that could stimulate the market for long-duration energy storage technologies.
On the Mission Possible sofa with E.ON's chief executive Michael Lewis
The third episode of our new sustainable business chat show sees E.ON's chief executive Michael Lewis discuss what energy innovation can do to unlock future sustainability opportunities.
Electrifying your fleet roundtable: Turning challenges into opportunities
Sustainability and energy management experts from some of the world's biggest businesses recently gathered in Oxford for an exclusive roundtable hosted by edie and UK Power Networks Services, to explore how challenges can be turned into opportunities when it comes to fleet electrification.
![Valdis Dombrovskis, Vice-President of the European Commission in charge of the Euro and Social Dialogue, and Jyrki Katainen, Vice-President of the EC in charge of Jobs, Growth, Investment and Competitiveness. [Georges Boulougouris/European Commission]](https://e2k9ube.cloudimg.io/s/width/226/https://edienet.s3.amazonaws.com/news/images/full_36638.jpg?v2=25/05/2018 10:20:00)
EU tables ground-breaking 'low-carbon benchmark' for green finance
The European Commission presented on Thursday (24 May) a set of proposals aimed at boosting private investment in low-carbon technologies like renewable energies while increasing transparency in sustainable finance to avoid green-washing.
UK insurers lead the ranks for climate action
UK insurance companies Aviva and Legal & General have taken two of the top four spots in a ranking of global insurers on their climate strategies, but globally the sector is struggling to set climate targets in line with the Paris Agreement.
Decarbonising UK's heating system could cost £450 billion
The cumulative additional cost of decarbonising the UK's heating system by 2050 could be as high as £450 billion, research for the government's infrastructure advisory body has concluded.
Drax launches Europe's first bioenergy carbon capture project
Energy group Drax has announced today (21 May) that it will lead the first bioenergy carbon capture and storage (BECCS) project in Europe during a trial of new technology at its north Yorkshire power station.
MPs decry 'worrying collapse' of clean investment
MPs have called on the Government to secure low-carbon energy investment after a "dramatic and worrying collapse" since 2015.
Environmental goods sector outstrips rest of UK economy
The UK's environmental goods and services sector (EGSS) grew almost four times faster than the wider economy between 2010-2015, the latest Office for National Statistics (ONS) figures have revealed.
Sustainability 'imagineered': The Disney-led resort powered by geothermal energy
edie's senior reporter Matt Mace travels to the outskirts of Paris to uncover how Villages Nature Paris tapped into geothermal energy to deliver on a holistic 10-step sustainability framework.
Apple partners with mining firms on zero-carbon aluminium smelting
Technology giant Apple has announced a new partnership with industrial firms Alcoa Corporation and Rio Tinto Aluminium to accelerate commercialisation of new technology that eliminates all greenhouse gas emissions from the smelting process of aluminium.
Heathrow to host 200-strong electric Jaguar I-Pace fleet
Heathrow has signed a deal that will see 200 Jaguar all-electric I-Pace vehicles made available to passengers travelling to and from the Airport.
Sustainability leadership, in action: edie's Mission Possible webinar available on demand
Sustainability figureheads from home improvement retailer Kingfisher and food manufacturer William Jackson Food Group will discuss how they are scaling-up effort and innovation to achieve their 'Mission Possible' in edie's next live webinar, taking place tomorrow (3 May).
How the SDGs and stakeholder engagement can hold the key to sustainability leadership
EXCLUSIVE: Building strong relationships with stakeholders and aligning targets with the UN's Sustainable Development Goals (SDG) are some of the most effective ways of embedding sustainability into core business models, an expert panel of speakers has concluded.
Barclays unveils dedicated Green Trade Loan
Barclays has launched a new loans product to help businesses meet working capital needs related to green projects.
Energy blockchains, plastic pledges and coffee cup bans: Top 10 sustainability stories of April 2018
It was a month of supply chain exploration, coffee cup recycling commitments and business-led climate advocacy. Take a look back at April's biggest sustainability stories in this round-up.
Ørsted lines up first major UK battery storage project
Energy firm Ørsted has announced its first venture into large-scale energy storage systems, after announcing plans to build and operate a 20MW battery storage project near Liverpool.
Whitbread sets science-based target to halve emissions intensity
The UK's largest hospitality company Whitbread, has pledged to halve emissions in the next seven years as part of an "industry-leading" science-based target.
Sainsbury's trials UK's first e-bike grocery delivery service
Sainsbury's has become the first UK supermarket to integrate electric cargo bikes into its delivery service, with the company set to trial five zero-emission bikes across South London.
Open cast coal mine rejection faces High Court challenge
The government's rejection of plans for a new open cast coal mine faces a High Court challenge amidst accusations by the project's backers that the move will push up energy prices by increasing the UK's reliance on risky overseas supplies of the fuel.
OVO launches domestic V2G electric vehicle charger
Customers of Ovo Energy who own electric vehicles (EVs) "will never need to pay for a mile of driving again," following the launch of a new vehicle-to-grid (V2G) charging technology by the supplier.
BP's low-carbon strategy comes under fire
BP's new sustainability strategy to level-out increases to emissions during a period of business growth has been labelled as "too small" an effort to reduce the company's exposure to climate risk.
More than 100 corporates have science-based targets approved
L'Oréal and Electrolux are among the latest businesses to have their emission reduction goals approved by the Science Based Targets initiative (SBTi).
Accelerating the shift: New edie report explores low-carbon vehicle game-changers
With Britain's electric vehicle (EV) revolution continuing to gather pace, edie has today (18 April) launched a new insight report which investigates some of the game-changing developments which are driving green mobility.
London startup performs UK's first blockchain energy trade
A London-based firm has conducted the UK's first physical blockchain energy trade, which has enabled housing estate residents to benefit from renewable energy sources.
Intelligent highways and underground bins: the best green innovations of the week
A number of eye-catching and potentially transformational innovations have emerged that could help businesses and nations deliver on resource efficiency, low-carbon transitions and combat climate change. Here, edie rounds-up six of the best.
Just Eat rolls out discounts on low-carbon deliveries for restaurant partners
Just Eat are rolling out discounts on low-carbon vehicles and renewable energy contracts to encourage its 28,500 restaurant partners to lower emissions across the UK.
BP and Google set to embrace battery boon
Major oil firm BP will work with Tesla to run a battery storage pilot at one of its windfarm projects in South Dakota, while Google has revealed it is "investigating" battery projects for later this year.
Climate change mitigation should be viewed as business opportunity, says London Stock Exchange
Businesses and investors should focus more on measuring and reporting the positive impacts of sustainability efforts rather than purely analysing the risks posed by climate change, according to the sustainability manager of the London Stock Exchange Group.
Making the smart-grid transition: edie launches free guide for businesses
Organisations seeking to capitalise on the benefits offered by smart grid technologies and solutions now have access to a new edie Explains guide which breaks down everything you need to know about making the smart grid transition.
edie Live 2018: Show programme complete as plastics and SDGs take centre stage
The show content for edie's annual exhibition has been confirmed, with plastics waste, the Sustainable Development Goals (SDGs), energy storage and employee engagement among the hot topics that will be debated across four theatres at the two-day show in May.
Northumbrian Water goes 100% renewable through green deal with Orsted
Northumbrian Water will power all 1,858 of its sites using renewable electricity for the next four years after signing a deal with Danish energy supplier Orsted.
Barclays offers green homes mortgage on select new builds
Barclays has launched a Green Home Mortgage scheme, offering homebuyers preferential interest rates and savings of more than £1,300 on energy-efficient new build houses.
edie readers: take the 'Mission Possible' sustainability survey
Sustainability, energy and environment professionals and experts have just one week left to take part in a short survey which will help inform a major new report investigating business progress towards a sustainable future.
Business leaders call for net-zero carbon standards for buildings by 2030
More than 50 business leaders from some of the UK's largest construction and property firms have called on ministers to implement policies that ensure all new buildings are built to net-zero carbon standards by 2030.
Shell opens first-of-its-kind hydrogen refuelling station
Shell has unveiled a new hydrogen refuelling station at one of the UK's busiest service stations, in the same week as the Government delivered multi-million-pound funding for hydrogen refuelling infrastructure.
Leeds cuts ribbon on 'revolutionary' £35m heat network
One of the UK's largest heat networks has been officially launched by Leeds City Council, in a development which will deliver low-carbon heat and water to thousands of homes and businesses.
NatWest delivers £3.5bn low-carbon lending in three years
Banking giant NatWest has pledged to deliver of £10bn lending to UK renewable energy and energy efficiency projects by 2020, having provided £3.5bn over the past three years.
London ranked as global leader in green finance movement
London has been ranked as the best financial hub in the world for green financing offerings, with a new report predicting that the market for green offers will grow "substantially in size and quality".
Equinor: Statoil to change name in recognition of energy transition
Norwegian energy giant Statoil is proposing a name change to stakeholders, in recognition of the company's diverse energy strategy that aims to increase investments into renewables and new energy solutions.
False emissions ratings cost UK more than £2bn a year - report
False emissions ratings for cars based on lab tests have cost the UK more than £2bn a year in lost tax revenue, according to the Green party.
Energy resilience roundtable: Paving the path to a clean energy future
Energy management experts from some of the world's biggest manufacturers and retailers recently came together for an exclusive roundtable hosted by edie and Centrica Business Solutions to explore some of the biggest challenges and opportunities when it comes to building energy resilience.
Report: Political clarity key to unlocking 'enormous' UK green investment opportunities
The UK can "reap enormous opportunities" by strengthening private financial investment into green infrastructure and projects, with a new Aldersgate Group report noting the "urgent" need for political clarity to unlock more revenue streams.
Greater Manchester launches £15m infrastructure renewables fund
The Greater Manchester Combined Authority has created a new £15m loan fund for property developers and infrastructure providers to increase uptake of renewable energy use on development projects.
Mondi Group sets science-based targets through WWF's Climate Savers
Global packaging firm Mondi Group has set new science-based targets to reduce carbon emissions across the company's operations and indirect activities, after signing up to the WWF's Climate Savers initiative for low-carbon business aspirations.
In Practice: The UK's Northern hydrogen heating grid trial
In a UK first, a pioneering new green gas trial is being demonstrated at Keele University that aims to inject zero-carbon hydrogen into the natural gas network.
Apple moves towards greener supply chain with zero-waste and clean energy milestones
Apple has made progress in its ongoing effort towards a greener supply chain, with big achievements over the past year in key areas such as waste and low-carbon energy procurement.
Sir Richard Branson: Commercial low-carbon jet fuel 'within touching distance'
A decade on from Virgin Atlantic's first commercial flight using low-carbon fuel mix, the company's founder Sir Richard Branson believes that government incentives can help scale-up sustainable fuel use at a price on par with traditional aviation fuels.
EU-backed carbon capture utilisation plant opens in UK
The UK's first carbon capture demonstrator plant has opened today (1 March), providing a new treatment that can convert carbon dioxide into polyol compounds that can be used in various manufacturing processes.
Claire Perry: Clean growth objectives can only be delivered at local level
Climate Minister Claire Perry has said the public sector can be an "incredible agent for change" by leveraging local expertise to find the right solutions to drive the UK's low-carbon economy.
Public-sector sustainability: edie launches latest sector insight report
The key drivers, challenges and opportunities facing sustainable business in the UK public sector are revealed in edie's latest sector insight report, published today (28 February).
Top 10 sustainability stories of February 2018
It was a month of big plastic pledges, electric vehicle (EV) excitement and the launch of Mission Possible. Take a look back at February's biggest sustainability stories in this brand-new round-up.
NAO: Renewable Heat Incentive has not achieved value for money
The UK Government's Renewable Heat Incentive (RHI) scheme has "not achieved value for money", according to the National Audit Office (NAO).
In Practice: The UK's first Energiesprong homes
A pioneering new pilot project in Nottingham aims to make select households ultra-low carbon and fit for the future by renovating them using the 'Energiesprong' techniques used in the Netherlands.
edie Explains: ESOS Phase 2
This edie Explains guide, produced in association with Schneider Electric, will help organisations in their preparations to comply with the second phase of the UK Government's Energy Savings Opportunity Scheme (ESOS).
Business benefits of EU ETS reform clouded by Brexit uncertainty
EXCLUSIVE: Last week's vote in favour to reform the EU's carbon market is a "strong signal" that energy-intensive businesses should accelerate decarbonisation processes, although the European Parliament's rapporteur on the reform has warned that Brexit will act as high-profile distraction.
Drop the C: Heineken outlines science-based targets ambition
Brewer Heineken has today (12 February) unveiled a new sustainability strategy that commits to ramping up renewable energy production, piloting an internal carbon price and setting science-based targets across distribution, cooling and packaging.
Parliament rubber-stamps EU carbon market reform
European lawmakers voted in favour of a deal to reform the EU's carbon market after 2020 on Tuesday (6 February), as well as bolstering prices in the bloc's flagship tool for reducing greenhouse gas emissions.
Transport becomes nation's biggest polluter as UK emissions drop 5%
New figures have revealed that the UK's emissions fell by 5% in 2016, but campaigners have called for stronger action in the transport sector where emissions continued to steadily rise.
BP set to 'embrace low-carbon world' with $500m investment
BP has pledged to invest $500m into low-carbon solutions after posting a strong financial performance in 2017.
General Electric targets giant Midlands battery storage system
General Electric (GE) is targeting a portion of the UK's growing battery storage market, after partnering with London energy firm Arenko to create one of the UK's largest fully-integrate battery storage solutions.
Scottish SMEs offered 'cashback' loan for energy-efficiency projects
Small businesses in Scotland have been encouraged to take advantage of a new "cashback" scheme that could enable them to cut annual energy usage by a quarter and save up to £10,000 in the process.
Report: Britain ahead of EU pack in low-carbon transition
The UK's growth in renewable generation this decade has outstripped nearly all other European countries, according to new research.
London Mayor's £34m low-carbon programme targets energy-efficient workplaces
Sadiq Khan has pledged new funding for fuel-poor homes alongside a £10bn commercial boiler scrappage scheme in a suite of new measures aimed at delivering cleaner, affordable energy across the capital.
Nissan sheds light on 'world first' vehicle-to-grid project
Nissan has revealed that its vehicle-to-grid (V2G) demonstrator project will target 1000 installations over the next three years, as the car giant aims to help make the UK grid "more sustainable and more stable".
Heathrow launches Sustainable Innovation Prize to assist expansion aims
UK businesses have been urged to support Heathrow Airport's expansion efforts by applying for a Sustainable Innovation Prize that addresses certain environmental challenges and uses the airport as a "live laboratory".
Government could 'save NHS millions' through sustainability backing
The NHS could free up significant funds for front-line services if the Government lends its support to Trusts to develop low-carbon measures.
Mission Possible: 8 charts that show how business leaders are building a sustainable future
Hundreds of sustainability professionals gathered in London for edie's Sustainability Leaders Forum this week. Throughout the two-day event, delegates were asked to reflect on their thoughts on key drivers, and the results show that a sustainable future is possible.
From environmental expert to CEO: E.ON boss Michael Lewis reflects on his remarkable sustainability journey
EXCLUSIVE: Michael Lewis explains how his rise to the top at E.ON has intertwined with the company's transition from a fossil fuel-based power generator to a provider of sustainable energy solutions.
Northern smart grid project could deliver £500m energy savings
Northern Powergrid has launched an £83 million smart grid programme to future-proof its network in preparation for the rapid growth of low-carbon technologies.
Welsh coal mine set for geothermal transformation following £9.4m fund
A council in Wales has been awarded £6.5m in European Union (EU) funds to explore how water from an underground mine can be used as a geothermal energy source to heat nearby homes.
Scotland launches £60m business fund for low-carbon innovations
Businesses in Scotland can now access a £60m fund to scale projects that can help deliver the nation's low-carbon heat, energy and vehicle solutions.
Santander invests £28.5m in UK battery storage firm
Banking firm Santander has become one of the first senior debt lenders to provide financial support to the energy storage sector, after backing an independent UK battery developer with a £28.5m funding investment.
CDP: Global car industry must embrace low-carbon shift to ensure survival
Traditional carmakers will face multi-million-pound fines and a huge loss in market share to tech firms such as Uber and Google unless they embrace the low-carbon vehicle transition.
Swedish engine plant becomes Volvo's first 'climate-neutral' site
Car giant Volvo's engine factory in Sweden has become the firm's first "climate-neutral" manufacturing plant after switching to renewable heating.
Achieving Mission Possible: edie Live returns for 2018 with renewed purpose
edie Live 2018 returns to the NEC Birmingham on 22-23 May as a show with a difference. This year, the event will be tailor-made to help sustainability, energy and resource professionals achieve a sustainable future, today. This is Mission Possible.
Are we a step closer to achieving the 'green hydrogen economy'?
Paint and chemicals giant AkzoNobel has unveiled plans to build Europe's largest "green hydrogen" production plant, with the company's energy director telling edie of the technology's potential to enable the decarbonisation of the UK economy.
Clean Growth Strategy 'not enough' to meet UK's carbon targets, climate advisers warn
Urgent action is needed to flesh out current plans in the Clean Growth Strategy in order to meet the UK's fourth and fifth carbon budgets, the Government's climate change watchdog has cautioned.
Ford receives 'hypocrisy award' despite $11bn EV rollout
Ford has announced it is going "all in" on the electric vehicle (EV) market with an $11bn plan to rollout 40 new vehicles, but that hasn't stopped Greenpeace for delivering a "2018 Hypocrisy Award" to the carmaker for an alleged stance on fuel efficiency standards.
Keele University launches Europe's first at-scale smart energy living laboratory
Siemens has been appointed to transform a West Midlands University campus into the largest integrated, living laboratory for smart energy, gas and heating technologies.
Landmark sector deal to make UK 'world leader' in low-carbon mobility
A new automotive sector deal between the UK Government and industry players including Ford and Jaguar Land Rover (JLR) will see £52.8m invested in low-carbon vehicle projects.
London to gain additional 1,000 EV charge points
London's electric vehicle transition has moved a step closer with the news that the capital's leading charging network is ready to deploy an additional 1,000 charge points across the city.
Taking the lead on energy: Latest edie guide showcases 10 business examples of low-carbon innovation
Organisations looking to revamp their energy management approach in 2018 can take inspiration from edie's new best-practice report which rounds up 10 shining examples of businesses that are driving the energy transition.
Transparency, Trump and tipping points: The key trends that could define sustainability in 2018
EXCLUSIVE: The green economy in 2018 will likely be shaped by a corporate drive to increase financial disclosure, a "tipping point" for major clean technologies, and a pendulum swing in global sustainability leadership towards the developing world.
UK's largest battery storage portfolio unveiled
The UK's biggest portfolio of utility-scale enhanced frequency response battery storage sites has been completed.
Diesels suffer as UK low-carbon car sales soar in 2017
New figures show that a record number of electric and hybrid cars were registered in Britain last year, as sales for diesel cars continued to decline amid taxes and pollution fears.
Carbon footprint of Scottish homes slashed by 25%
Scottish households have reduced their emissions footprint by an average of 25% in eight years thanks to the growth of renewables and improved energy efficiency measures, new analysis has found.
edie Explains: Greening your fleet
What are the business benefits of transitioning to low-carbon vehicles? Which fuel types are the most efficient? And what role can technology play in changing driver behaviours? This free edie Explains guide provides everything you need to know when it comes to greening your fleet.
Make 2018 the year to green your fleet with edie's latest business guide
Organisations looking to reduce vehicle fuel use, emissions and costs now have access to a new edie Explains guide which breaks down everything you need to know when it comes to greening your fleet.
UK enjoys 'greenest year ever' in 2017
Britain achieved its 'greenest year ever' in 2017 thanks to 13 new records across the clean energy sector, according to analysis from WWF.
What can we learn from China's launch of the world's largest carbon market?
China has today (19 December) signalled its intent to address climate change with the launch of the world's largest carbon market.
Barclays updates green bonds to capture 'compelling' economic opportunity
Barclays has signified its shift towards a low-carbon economy, by announcing a set of green finance products that will help promote sustainability in the UK and across the globe.
Philippe Joubert: Policy frameworks will define climate action in 2018
The concept that markets can direct themselves without government guidance is a "fallacy" and policymakers must create the regulatory frameworks that enable businesses to thrive on a low-carbon pathway in 2018.
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