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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.

Paris, Frankfurt and New York were noted as centres most likely to grow across the rankings over the next two to 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".

Statoil’s “broad energy” approach will see it build up a renewable energy portfolio that accounts for 15-20% of total capex on new energy solutions by 2030

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.

The report also calls for regulations to be introduced that overcome “short-termism” in the investor sector

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.

Industry body SMMT has warned that more pollution could be a consequence if consumers hold back from buying new cars

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 management experts from manufacturing and retail firms across the country came together to discuss the potential solutions to some of the biggest challenges around energy resilience

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.

Investments into projects will be repaid and recycled into additional initiatives across the Greater Manchester region

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 has developed programmes to improve energy efficiency, transition to renewable energy and manage forests and source materials in a responsible manner

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.

The aim of the trial is to provide practical evidence that a hydrogen-blended gas can be integrated without disrupting gas services to customers

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 and its suppliers are almost three-quarters of the way along a path to purchasing more than 4GW clean energy worldwide by 2020

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.

LanzaTech's jet fuel is currently undergoing a review process and will need to be qualified for use on commercial flights. Image: Virgin Atlantic

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.

The company has added 12 new jobs at the demonstration plant, since it relocated from London to Cheshire in 2017

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.

Perry insisted that there are “great opportunities” for cities and regions to learn from best-practice in areas of low-carbon innovation

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.

The report investigates what must happen next to accelerate the transition to low-carbon, resource-efficient business models within the public sector

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).

Take a look through all of the month's most-read news stories, and click the links in the descriptions below to read them for yourself

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.

Regulator Ofgem has estimated that 4.4% of non-domestic schemes were non-compliant during 2016-17, with around £3m in estimated overpayments to RHI participants

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).

Around 2,000 Energiesprong homes have been completed in the Netherlands, of which around 60% were renovations of existing properties and 40% new builds

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).

Girling warned that the distraction and “uncertainty” of Brexit could stop carbon-intensive industries from accelerating the transition to a low-carbon economy

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.

The company had already reached its 2020 emission targets for production

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.

European carbon prices have risen 15% since negotiators first struck the deal in November and were trading at around €8.90 per tonne after the vote

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 overtook the power industry as the most emitting sector in 2016

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.

Last week BP announced it will add rapid charging points for electric cars at its UK petrol stations within the next two months

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.

GE has been involved in battery storage solutions since 2010 and has launched 19 large-scale commercial projects worldwide

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.

The 30% cashback offer can generate up to £10,000 for SMEs, while the energy efficiency improvements could create savings of up to £8,000 on average each year

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.

Britain increased its share of wind, solar and biomass from 8% in 2010 to 27% in 2017

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.

City Hall will help public and private bodies to build large-scale heat networks, using local sources like waste heat from the Tube, though a £3.5m decentralised energy enabling project

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.

V2G technology allows EVs to be fully integrated into the electricity grid and could help improve grid capability to handle renewable power. Photo: Nissan

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".

Six finalists will be selected to give a 10-minute pitch to a judging panel consisting of Heathrow’s senior executives

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".

Ministers are urged to meet with leading Trusts to establish how best practice can be shared nationally

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.

The Forum provided valuable insight into how sustainability professionals plan to deliver a thriving low-carbon, resource-efficient future

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.

Michael Lewis was speaking on the second day of edie's 2018 Sustainability Leaders Forum at the Business Design Centre in London

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 Powergrid has established a dedicated smart network policy and development team to coordinate the work

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.

If successful, construction will begin in 2020, and could be expanded to cover up to 1,000 local homes

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.

The LCITP programme has already supported 16 low-carbon projects, backing them with more than £40m in collective funding

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.

UK law firm TLT advised Santander that the energy storage market is “ripe for debt funding”

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 has ranked BMW, Daimler and Toyota the best performing companies on climate-related metrics, with Subaru, FCA and Suzuki ranking lowest

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.

The announcements marks a big step towards Volvo’s vision of having climate-neutral global manufacturing operations by 2025. Photo: Volvo

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.

On 22-23 May 2018 at the NEC Birmingham, edie Live will help you discover your Mission Possible

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.

The UK city of Leeds has proposed converting its natural gas grid to a hydrogen grid by 2026

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.

The Committee on Climate Change (CCC) insists that new policies will be required to close the remaining “emissions gap”

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 was called out for its involvement with the Alliance of Automobile Manufacturers, which has lobbied for relaxed fuel efficiency standards in the US

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.

The project will also offer businesses the chance to develop and test renewables and smart energy technologies on campus

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.

The Government has vowed to invest £500m over 10 years to 2023 to industrialise new low-carbon automotive technologies in the UK

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.

The number of Source London monthly charges reportedly doubled over the course of 2017

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.

The report brings together 10 mini case studies of businesses demonstrating best practice when it comes to delivering new energy innovations

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.

Carbon Trust chief executive Tom Delay gazes into his sustainability crystal ball to look at the major trends that could shape the green economy in 2018

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.

40MW battery park in Glassenbury, Kent. The sites secured contracts as part of 2016’s 200MW National Grid Frequency Response (EFR) auction, and will deliver a quarter of the auction’s capacity

UK's largest battery storage portfolio unveiled

The UK's biggest portfolio of utility-scale enhanced frequency response battery storage sites has been completed.

Diesel car sales reportedly dropped by 20% last year

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.

A new Scottish Climate Change Bill is set to be published in 2018

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.

The edie Explains: Greening your fleet guide provides a comprehensive overview of how businesses can accelerate the transition to low-carbon vehicles

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.

Since 2012, Britain has halved its emissions in the electricity sector and now ranks as the seventh cleanest power system in the world.

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.

China’s scheme will instantly overtake Europe’s carbon market as the world’s biggest cap-and-trade system

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.

The bank worked with ESG research providers Sustainalytics to create the framework

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 said the Climate Group’s RE100 is a prime example of how green policies can support enabling frameworks to inspire corporate action

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.

The statement calls on G20 nations to lead the transformation by “initiating and implementing” and “global paradigm shift” on an energy transition

Global companies call on nations to push for 'well-below' 2C Paris target

More than 50 global companies including Unilever, M&S and Adidas have called on nations meeting in Paris to discuss climate progress, to phase-out fossil fuel subsidies by 2025 and create the framework to limit global warming increases to well below 2C.

Heathrow’s chief executive John Holland-Kaye with the airport's 50th electric vehicle

Heathrow to install rapid charge points for electric black cabs

Heathrow Airport has revealed that it is actively collaborating with Transport for London to install seven rapid charging points for electric taxis by the end of this month, with the airport also announcing the delivery of its 50th electric vehicle (EV).

The homes will be built on site at Citu’s Climate Innovation District in Leeds, which acts as the first low-carbon neighbourhood in the UK

Citu aims to 'disrupt' construction industry with low-carbon housing scheme

Urban developer Citu has unveiled the first glimpses of a timber-framed housing system that is up to ten times more energy efficient than standard UK homes, with production practices also able to reduce the carbon footprint of construction by 24,000 tonnes annually.

Lendlease has built 15 Futurehome buildings to Passivhaus standard in Zone One London

Lendlease named UK's most sustainable housebuilder

International property group Lendlease has been ranked the most sustainable residential developer by the NextGeneration initiative.

While the UK banks have performed poorly in the rankings, they are still making efforts to capture green markets

UK banking performance at odds with Government's green finance leadership ambitions

The UK Government's ambition to promote the UK as a global leader of green finance post-Brexit is already at risk, with a new report finding that French banks have shown "marked leadership in green banking" because of innovative new legislation.

The three-year development represents a £90m investment from AccorHotels, and the building was delivered on time and to budget

In practice: AccorHotels' new project targeting BREEAM excellent certification

Ahead of edie's flagship Sustainability Leaders Awards in January, edie is taking a closer look at some of the projects initiatives that have been deemed worthy of a finalist position by our expert judges. Up next: AccorHotels' new London hotel.

The renewables and waste sectors are seen as critical parts of the UK's low-carbon transition

Waste and renewables sectors call on UK to realise integrated energy system opportunity

Fulfiling the "significant opportunity" offered by the integration of readily available low-carbon technologies across the UK's energy system will require greater collaboration between the public and private sector.

An Aecom-led research project will monitor three schemes in Swansea, Bristol and Manchester for 12 months, with a view to upscaling the developments on a commercial level

Building for 2050: Can the Government's low-carbon housing venture deliver homes fit for the future?

With the UK housebuilding sector under the spotlight at both at a national level and in the sustainability agenda, edie caught up with Aecom's regional director to discuss how the firm's latest research project aims to help developers deliver lost-cost, low-carbon housing across the country.

Network companies will “rapidly increase the use of competitive markets”

Power networks pledge to deliver £17bn of smart grid benefits

Electricity network operators will today (6 December) pledge to deliver £17 billion of energy system benefits by 2050 through the creation of a smarter, more flexible power grid.

The Government will invest £1.4m in a research project aimed at overcoming the barriers to developing low-cost, low-carbon housing

UK construction industry aims to halve emissions in built environment by 2025

The Government has struck an agreement with the construction industry in a deal which aims to halve emissions in the built environment over the next eight years.

The facility will be openly accessible to UK-based businesses looking to establish a foothold in the battery storage market

Coventry to host UK's first EV battery research centre

The Government has confirmed that Coventry will be the home of the UK's first battery development facility, set up to help make the UK a world-leader in EV technology and innovation.

The report notes that Britain is no longer the global hub for low-carbon financial services

UK firms urged to decarbonise to stay competitive

Key British business sectors will need to step up the pace of decarbonisation or risk losing their grip on the low-carbon market to foreign competition, a report has today (29 November) warned.

The energy park on the south bank will convert residual ash left over from burning waste into construction materials for London’s homes and roads

New waste-to-energy park could power 10% of London homes

A London-based waste firm has revealed plans to build a £500m low-carbon energy park which could help power up to 10% of London's households by converting residual waste into green electricity.

The Strategy comes after a green paper consultation earlier this year received almost 2,000 responses from industry and academia

Industrial Strategy launched: Clean growth at core of UK's vision for economic prosperity

Business Secretary Greg Clark has today (27 November) launched the UK's much-anticipated Industrial Strategy, which sets out a vision for clean technology and innovation to play a key role in boosting the UK's long-term economic prospects.

The Environmental Audit Committee (EAC) will look at how the Government’s recently launched Green Finance Taskforce can accelerate private sector funding in green technologies

MPs to scrutinise Government's green finance strategy

MPs have launched a wide-ranging investigation looking at how the UK Government aims to fulfil its pledge to become a "world leader" in green finance.

Members of the green community have expressed satisfaction that clean growth has been set out as one of the four 'Grand Challenges' in the Strategy

Industrial Strategy: Green business reaction

The green business community has broadly praised the UK's newly-launched Industrial Strategy for recognising clean energy as a top priority for British industry.

Carlsberg Sverige’s brewery in Falkenberg benefits from the well-functioning infrastructure and availability of biogas from the Swedish grid

Carlsberg unveils first carbon-neutral brewery

Beverage giant Carlsberg has launched its first brewery with zero-carbon emissions, as part of the Danish firm's overarching pledge to achieve carbon-neutral status by 2030.

Chancellor Philip Hammond delivered the 2017 Autumn Budget to a jubilant House of Commons

Budget 2017: Chancellor takes action on air quality, electric vehicles and plastic waste

Chancellor Philip Hammond has today pledged to build an economy "fit for the future" by announcing new air quality funding, tax incentives for electric cars, and measures to combat plastic waste in his 2017 Autumn Budget.

edie has provided a round-up of the areas where Chancellor Philip Hammond could deliver for the green economy

Autumn Budget preview: Five green policy hopes ahead of Philip Hammond's statement

A new levy on plastic packaging? Higher taxes for diesel vehicles? Multi-million-pound spending on EV charging infrastructure? edie previews the green-related announcements likely to be included in the Autumn Budget on Wednesday (22 November).

edie has rounded-up the main highlights from the second week at COP23 Bonn climate summit

What went on in Bonn: COP23 week two round-up

The second week of climate talks in Bonn came to a conclusion today (17 November), following a raft of new global alliances and climate pledges building momentum for the transition to a low-carbon future.

Experts say it will be vital for the Chancellor to maintain a “meaningful” carbon price in the Autumn Budget next Wednesday (22 November) if the UK is to meet its climate change pledges

UK surges into top 10 low-carbon electricity rankings

Britain has for the first time entered the top 10 rankings of a league table which compares large and industrialised countries on the carbon content of power supplies.

edie has pooled together seven standout predictions from the International Energy Association's World Energy Outlook 2017 report

World Energy Outlook: Seven key trends shaping the low-carbon economy

A rising electrification of energy, rapid deployment of renewable energy sources, and a steady decline of the coal industry are all predicted as major shifts in the global energy scene over the next 25 years in the International Energy Association's (IEA) annual flagship publication.

Total back-up capacity needed in 2040 is expected to remain at 2017 levels of 70GW

Balancing act: Storage and flexible energy vital to UK’s renewables tipping point

The cost of generating energy from wind and solar in the UK is expected to halve by 2040, but the expected future power system volatility will lead to more economic opportunities for flexible energy sources and storage capacity.

Sir Philip Lowe recently served as a non-executive Board Member of the UK's Competition and Markets Authority

Will post-Brexit Britain choose political sovereignty over close EU climate and energy ties?

The UK will need to sacrifice some of its political sovereignty if it wants to maintain a close post-Brexit relationship with the EU over climate and energy-related affairs, according to a top former EU Commission figure.

Research has shown that the forest and land-use sector could deliver 37% of the emissions reductions required by 2030 to halt dangerous levels of global warming

UK Government provides £62m to combat deforestation in Latin America

The UK Government has announced two new projects worth £62m will help tackle deforestation across Latin America by promoting sustainable new business models and sourcing practices.

DAM can now integrate physical climate risk equity scores of companies within its investment portfolio

New investor partnership scores corporates on physical climate risk exposure

Deutsche Asset Management (DAM) has formed a new partnership with a US-based advisory to develop a first-of-its-kind climate risk service that calculates the physical climate risks of investor portfolios.

As part of the Government’s commitment to energy innovation, it unveiled an £84m fund for artificial intelligence and robotics

UK Government backs 'virtual power plant' platform and robotics research

Battery developers Moixa has secured government funding to expand its flexible energy platform that transforms third-party batteries and electric vehicles (EVs) into "virtual power plants", while the UK Government has also unveiled an £84m fund for robotics and energy innovation.

Figures show that around 29.9% less diesel vehicles were sold in October 2017 than in the same month last year

Reports: Chancellor to raise diesel taxes in Autumn Budget

Chancellor Philip Hammond will raise taxes for diesel vehicles in the upcoming Autumn Budget in an attempt to boost the uptake of low-carbon alternatives, according to media reports.

Businesses are also pushing to provide input into the Facilitative Dialogue, which outlines what increased ambitions will be issued as part of the next round of NDCs. Image: BMUB

Carbon price among policy wishlist issued by businesses at COP23

Members of the World Business Council for Sustainable Development (WBCSD), including the chief executives of more than 200 international businesses, have called for governments to collaborate with the private sector to set meaningful carbon prices and improve climate resilience.

HSBC will provide $100bn in climate finance, alongside a goal to source 100% renewable electricity by 2030. Image: HSBC

HSBC pledges $100bn to sustainable finance

As Bloomberg New Energy Finance (BNEF) releases findings showing that energy investment in emerging markets suffered its largest year-on-year decline, HSBC has pledged to provide $100bn in sustainable financing by 2025 - as part of a new batch of climate-related commitments.

Sustainability professionals will be keeping a close eye on developments in Germany in the next two weeks. Photo: UNclimatechange

COP23: What does the Bonn climate summit mean for sustainability professionals?

As delegates from almost every nation arrive in Bonn to discuss the ways to prevent rising global temperatures from reaching catastrophic levels, edie takes a closer look at how developments at the UN climate summit could affect sustainability teams and their efforts to accelerate the shift towards low-carbon, resource-efficient business models.

It is hoped that the ULEZ will mean that 100,000 people living across London will no longer live in areas exceeding NO2 limits

London ULEZ to start in April 2019, Mayor confirms

The world's first Ultra-Low Emission Zone (ULEZ) will be introduced across central London in April 2019, Sadiq Khan confirmed today (3 November).

The report warns that fossil fuel giants Shell and Chevron have 60%-70% of profits at risk

Oil refining capacity set to shrink by a quarter during low-carbon transition

A quarter of global refining capacity will leave the market or be forced to close by 2035, sparking calls for investors to be aware of the risk of "wasting capital" on new investments into the oil sector.

Not a single developed country has outlined a detailed plan to tackle livestock emissions as part of an Intended Nationally Determined Contribution (INDC) to the Paris Agreement

Put 'cows alongside cars' at COP23, investors urge

With COP23 set to start in Bonn next week, an investor network is calling on developed countries to prioritise the "elephant in the room" at the UN talks, by tackling livestock sector emissions.

Lord Stern noted that businesses and government's weren't good at

Lord Stern: Flexible policy approach will catalyse low-carbon transition

Lord Nicholas Stern has called on governments across the world to implement "predictably flexible" policy frameworks that enable businesses to map investment opportunities during the transition to a low-carbon economy.

The decarbonisation rate of the G20 is short of the 3% average rate required to reach national pledges to the Paris Agreement

G20 falls behind on national decarbonisation pledges

The UK is "strongly outperforming" the rest of G20 in decoupling emissions from economic growth, but businesses and governments have been warned that the goals of the Paris Agreement won't be achieved with current decarbonisation ambitions.

The Government’s Clean Growth Strategy will provide a £1bn support scheme for ultra-low emissions vehicles

Five-year triumph: Ultra-low emission vehicle sales in UK surge by 1,800%

Propped up by new government policies and a wider range of models, the sales and registrations of Ultra-Low Emission Vehicles (ULEVs) in the UK have grown by more than 1,800% since 2011.

Sky has hit its 2020 targets to reduce waste, emissions and water consumption

Sky hits key sustainability goals three years early

Reductions in water, emissions and food waste are notable achievements in Sky's latest CSR report, which reveals that the TV broadcaster has hit half of its environmental targets three years early.

Red diesel is currently subject to a lower 5% VAT rate compared to standard diesel

Diesel tax loophole 'thwarting' Government's clean air strategy

Government efforts to improve air quality and phase-out the use of diesel vehicles are being undermined by a tax loophole that allows refrigerated lorries to use "red diesel" and pollute the highways.

100 Victoria Street achieved BREEAM Outstanding and WELL Silver certification

In practice: Landsec's BREEAM Outstanding headquarters designed to WELL standards

As more companies look to create the right work environments for staff wellbeing, Landsec created the UK's largest fully WELL Certified space for staff health, which also achieved a BREEAM Outstanding rating.

Open Energi’s technology is already in place at two of Severn Trent’s sewage treatment works in Redditch and Leicester, which together provide the grid with around 1.2MW of real-time flexibility

Severn Trent looks towards smart energy future with demand response service

Water firm Severn Trent and clean tech company Open Energi have teamed up to deliver a demand response service which could provide the grid with more than 20MW of flexible capacity by 2020.

The cost of energy review examined how the UK can reduce energy costs while achieving climate change targets

Energy cost review: Dieter Helm's study calls for radical changes to Britain's energy policy

The costs of energy for UK businesses are higher than necessary and policymakers must streamline clean energy regulations in order to deliver cheaper, decarbonised power, a major Government-backed study has concluded.

In total 151 of the sampled companies have committed to the SBTI, compared to 94 last year

CDP: Science-based targets needed to 'pick up the pace' on corporate action

Emissions targets from large corporates are around one-third of the way to bringing the private sector on a trajectory to keep global warming below 2C, highlighting the need for more science-based targets, new analysis from CDP has found.

Both SSE and Drax need a healthy carbon price to ensure the economic case stacks up for their hopes of building new gas power stations

UK energy firms call on chancellor to boost carbon tax

Two of Britain's biggest energy companies have called on Philip Hammond to strengthen a carbon tax that has driven a dramatic collapse in coal power generation, arguing it is essential for the shift to cleaner energy.

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