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ArcelorMittal eyes $10bn investment to reduce emissions by 2030
Steel manufacturing giant ArcelorMittal has announced plans to reduce carbon emissions by 25% by 2030 as part of a wider net-zero ambition for 2050, with the new target set to be back by a $10bn investment into low-carbon and circular solutions.
Sky powered by 100% renewables globally
Broadcaster Sky is now powered by 100% renewable electricity across its entire operations, meeting a commitment to the RE100 initiative and building towards its net-zero target for 2030.
UK's fossil fuel generation reached a record low in 2020, as renewables reached new heights
The UK Government has released new data on energy generation and consumption during 2020, revealing that fossil fuel generation plummeted to new lows as demand dipped due to Covid-19 restrictions affecting the transport sector.
EU's green hydrogen plans hailed as 'true game-changer' by industry
The European Commission boosted regulatory support for green hydrogen in its proposed overhaul of climate legislation published last week, with the renewable hydrogen coalition calling it "a true game changer" for the nascent EU industry.
Asda to move entire company car fleet to EVs by 2025
Asda has confirmed it will move its entire company car fleet of 600 vehicles to electric by 2025, a move that will save more than 2,000 tonnes of carbon emissions on the road to net-zero.
How the world can reach net-zero emissions by 2050, according to BloombergNEF
BloombergNEF has published its latest New Energy Outlook report, examining three progress pathways to reach net-zero globally by 2050. Here, edie summaries what will need to change to deliver this low-carbon trajectory.
Onsite renewables and EVs: Anglian Water outlines net-zero routemap for 2030
Anglian Water has published a detailed routemap outlining how onsite renewables, electric vehicles (EVs), hydrogen and biogas production will deliver its ambition to reach net-zero by 2030.
IEA: Global emissions to reach record high by 2023, with governments breaking green recovery promises
Just 2% of the Covid-19 stimulus funding promised by nations has been spent on clean energy, meaning that global emissions are likely to hit a record high in 2023 and continue rising thereafter.
ScottishPower and Shell bid to develop large-scale floating windfarms in UK
ScottishPower and Shell have submitted a joint bid to develop large-scale floating offshore windfarm systems in the northeast of Scotland, with a decision expected to be made next year.
Inditex and Elsevier commit to net-zero emissions by 2040
Clothing giant Inditex and research publishing firm Elsevier are the latest corporates to have updated their corporate strategies, setting ambitions to reach net-zero emissions by 2040 at the latest.
Taking place TODAY: edie's Clean Energy & Transport Forum
edie's new Clean Energy & Transport forum, is taking place today (15 July) with a fantastic line-up of keynote speakers including the Department for Transport's Parliamentary Under-Secretary of State Rachel Maclean.
Report: Global demand for fossil-fuel-fired electricity has peaked
After demand for fossil fuels for electricity generation peaked across developed markets in 2007, it has now peaked across developing markets as well, according to a new report.
2TWh of hydrogen and 37 million EVs: How can the UK reach net-zero emissions?
The National Grid Electricity System Operator (ESO)'s latest Future Energy Scenarios (FES) report has outlined four potential scenarios for decarbonisation in the UK, three of which would see the UK reach net-zero emissions by 2050. Here, edie outlines what is required to meet the legally binding target.
BlackRock secures $250m for climate projects in developing countries
The world's largest investor BlackRock has secured more than $250m from global investors and governments to support clean energy uptake and climate infrastructure across countries in Asia, Latin America and Africa.
Pay communities to host offshore wind farms, Leadsom and Rudd urge UK Government
Former Energy Secretaries Dame Andrea Leadsom and Amber Rudd are warning Ministers that plans to dramatically scale up offshore wind across the UK could incite backlash from local communities.
Hyundai joins RE100 as Porsche urges suppliers to source 100% renewable electricity
Hyundai Motor Group's five largest affiliate brands are applying to the Climate Group's RE100 scheme this month, the business has revealed, shortly after Porsche unveiled new measures to help suppliers procure renewable electricity.
UK's clean energy pipeline on course to unlock 625,000 green jobs
The UK's focus on decarbonisation and clean energy looks set to unlock 625,000 jobs, equivalent to 90% of jobs lost to the coronavirus pandemic, according to new research.
Net-zero energy transition: UK Power Networks and Northern Powergrid outline £7.7bn investment plans
Electricity distributors UK Power Networks and Northern Powergrid have outlined business plans backed by £4.5bn and £3.2bn of spending respectively, both with a heavy focus on low-carbon generation and technologies.
Amazon's carbon footprint grew 19% in 2020 amid pandemic parcel boom
Amazon has revealed that its absolute global carbon emissions rose 19% year-on-year in 2020, largely due to increased demand for online shopping as lockdown restrictions forced physical stores to close.
Nissan unveils plans for £1bn electric vehicle hub and battery gigafactory in Sunderland
Nissan looks set to transform its flagship Sunderland manufacturing facility into a £1bn electric vehicle (EV) hub that will feature a 9GWh battery production gigafactory - the first of its kind in the UK.
UK's coal-fired electricity ban officially brought forward to 2024
From 1 October 2024 - one year earlier than originally planned - coal-fired electricity generation will be banned in the UK.
Tasmania's 200% renewables goal and Toast Ale's B-Corp recertification: The sustainability success stories of the week
As part of our Mission Possible campaign, edie brings you this weekly round-up of five of the best sustainability success stories of the week from across the globe.
Asda reduces emissions by 16% over 12-month period
Supermarket giant Asda has reduced greenhouse gas emissions by 16% over the last year, as it builds towards a net-zero carbon goal set for 2040.
Business demand for renewables greater than that of UK's total power usage
Businesses that have made public commitments to procure 100% renewable energy have created a combined demand that is bigger than the national requirements from the likes of the UK and Italy, with separate research showing that two-thirds of renewables globally are cheaper than fossil fuels.
Facebook achieves net-zero operations, 100% renewable electricity
Facebook has revealed that it achieved net-zero operational emissions in 2020, after eliminating the majority of its greenhouse gas (GHG) footprint and investing in carbon removal projects.
UK set to double solar capacity by 2030, but more required to help reach net-zero
The UK is on course to double its solar capacity by 2030, but will need to treble it if the nation is to meet its net-zero target for 2050, with Solar Energy UK calling for overhauls to policy to spur the national market.
Report: Global fossil fuel use not yet in decline, despite renewable energy pledges
Fossil fuels accounted for some 80% of global final energy consumption in 2019, the same share of the energy mix as a decade ago, a major new report has revealed.
Polestar and Google to halve emissions and join Race to Zero campaign
Swedish electric vehicle (EV) manufacturer Polestar and technology giant Google are the latest firms that have agreed to halve emissions by 2030 as part of a wider effort to deliver net-zero value chains, by joining the UN's Race to Zero campaign and the Exponential Roadmap Initiative.
#SustyTalk: Budweiser Brewing Group's Mauricio Coindreau on renewable energy procurement
edie's #SustyTalk interview series continues with an exclusive discussion with Budweiser Brewing Group's head of procurement & sustainability Mauricio Coindreau.
Ikea launches renewables programme for direct suppliers
Ikea has unveiled a new programme that will ensure that all of its direct suppliers are powered by 100% renewable electricity, as the retailer pushes towards its commitment to become 'climate positive' by 2030 by reducing more emissions than the value chain emits.
IEA: To reach net-zero, renewable energy investment in developing nations must increase sevenfold
Some $150bn was invested in clean energy in developing economies last year, according to new International Energy Agency (IEA) analysis. But the Agency believes this figure must hit $1trn by 2030 to deliver a net-zero world.
Study: World set to hit 'peak oil' by 2030 as energy majors shift to renewables
The world's largest oil and gas companies increased investment in clean energy by 34% in 2020, despite a 6% fall in global energy demand caused by the coronavirus pandemic, according to new research.
AB InBev cuts emissions through new lightweight beer bottle design
The world's largest brewer, Anheuser-Busch InBev (AB InBev), has unveiled new lightweight beer bottles that have a reduced carbon footprint of 17% compared to its other bottle types, with plans in place to roll them out across Europe.
Anheuser-Busch meets 100% renewable energy goal four years early
Beer giant Anheuser-Busch has achieved 100% renewable electricity for its beverage production activities in the US - a goal originally set for 2025.
IEA: Renewables set to attract 70% of global energy investment in 2021
Global energy investment is likely to rebound to pre-pandemic levels this year, with most finance going towards renewables - but, ultimately, the new generation capacity financed will not be compatible with long-term climate goals.
Shareholders pass vote for HSBC to phase-out global coal financing by 2040
Shareholders of HSBC have today passed a proposed management resolution that commits the bank to phase-out financing for the coal industry by 2040 worldwide, following successful campaigning from investors.
£2bn for net-zero: SSE outlines bumper low-carbon spending plans for this financial year
Utility major SSE has unveiled plans to invest £2bn in low-carbon projects and supporting infrastructure this financial year, after posting a rise in profits led by renewable energy.
Global hydrogen investment to grow 25-fold by 2040, Bloomberg predicts
Global annual investments in hydrogen totalled $1.5bn between 2018 and 2020, but the average could be $38bn by 2040, a new Bloomberg Intelligence report claims.
Policy direction and pricing: How do we get all UK businesses to 100% clean electricity?
Poor policy direction, a lack of public awareness and financial challenges must all be overcome for the UK's private sector to deliver on the COP26 aim on clean energy, an expert panel has agreed.
UK's electricity grid emissions up year-on-year, despite net-zero pledge
Data revealing that the carbon intensity of the UK's electricity was 5% higher in the first months of 2021 than 2020 has prompted industry calls for greater support for new wind, solar and nuclear capacity.
UK’s largest community-owned solar park to come online next year
The Ray Valley Solar project in Oxford is expected to come online next autumn, after Triodos Bank confirmed lending for what is expected to be the UK’s largest community-owned solar park.
UK climbs energy investment rankings, but concerns persist over green finance availability
The UK has climbed one position to fourth in the rankings for EY's national attractiveness of renewable energy investment, but the organisation has warned that global green finance efforts need to improve considerably to meet clean energy demand for existing climate commitments.
Google and Microsoft among businesses backing 24/7 clean energy tracking
More than 100 global companies, including PwC, Microsoft and Google, are taking part in a new worldwide initiative aimed at verifying clean energy sourcing on an hourly basis.
IEA: World must stop petrol and diesel car sales by 2035 for net-zero transition
The International Energy Agency (IEA) has published a landmark report outlining the sweeping changes needed in the power, energy and heat sectors if the world is to have the best chance of limiting temperature increases to 1.5C.
edie kicks off new COP26 Primer report series with Clean Energy focus
As part of the brand-new Countdown to COP26 Festival of digital content and events, edie has this week launched a series of "Primer Reports" which provide need-to-know insights into the key themes of this year's crucial climate talks. First up: Clean Energy.
Nuclear industry warns that planned closures could derail global net-zero transition
Key groups representing the global nuclear industry have penned an open letter to world leaders warning that the proposed retirement of existing nuclear plants could derail the net-zero transition, calling for the technology to have the same access to climate finance as renewables.
COP26 Primer: Clean Energy
edie’s COP26 Primer Reports are about seizing the green opportunity. Produced in the run-up to the official talks, this mini-series of reports are based on the five key themes of COP26: Clean Energy, Clean Transport, Climate Resilience, Nature-Based Solutions, and Climate Finance.
IEA: Renewable energy to account for 90% of new power expansion post-Covid-19
After capacity additions continued to grow during 2020, the International Energy Agency (IEA) is forecasting that "exceptionally high" growth is likely to continue during this year and next.
edie launches new business guide on flexible energy for net-zero
edie has today (10 May) launched a free guide outlining the key considerations, challenges and opportunities for businesses looking to trial and deploy flexible energy solutions.
Report: UK must more than double onshore wind capacity by 2030 to meet climate targets
RenewableUK is urging Ministers to set specific, legally binding 2030 targets for renewable energy generation to help deliver its net-zero target, including growing the nation's onshore wind capacity to 30GW.
Cutting through cynicism: Why are community-level environmental campaigns so effective?
The debate around individual choices versus action from nations and big businesses has been ongoing in the environmental space for decades. But, increasingly, campaigns that are somewhere in the middle, at community level, are leading the way when it comes to getting results.
LEAK: EU's draft renewables law confirms 38-40% target for 2030
An early draft of the EU's upcoming renewable energy directive confirms the bloc's objective of sourcing 38-40% of its energy from renewables by 2030, roughly doubling the share of solar, wind and other renewables in Europe's energy mix by the end of the decade.
Arla unveils new measures to help farmers self-generate renewable energy
After pledging to become a net-zero business, dairy major Arla Foods has outlined new measures to help farmers across the supply chain generate their own renewable energy and sell any excess.
Johnson & Johnson Vision to power global HQ with 100% solar electricity
Johnson & Johnson Vision, the manufacturer of ACUVUE contact lenses, has signed a ten-year power purchase agreement (PPA) with a solar farm to cover 100% of the electricity consumption of its headquarters.
Electrified heat and hydrogen: Renewable energy deployment 'must grow fivefold by 2030'
To ensure that the global energy mix transitions in line with net-zero, wind and solar will need to be deployed at least five times faster than current rates by 2030 and hydrogen investment must scale dramatically.
Global energy emissions set to rebound as Covid-19 lockdowns lift, IEA warns
Global energy demand is rebounding rapidly from the Covid-19-related slump, with fossil fuels set to play a major role in meeting this demand, the International Energy Agency (IEA) is warning.
Report: Solar and wind can meet global energy demand 100 times over
The tumbling costs of wind and solar can unlock demand that could power the world 100 times over, with a new report from think tank Carbon Tracker finding that renewables are set to push fossil fuels out of the electricity mix by the mid-2030s.
Ikea Foundation to spend €1bn on climate programs within five years
Retail giant Ikea's charitable arm has outlined plans to spend an additional €1bn on initiatives supporting the low-carbon transition within five years.
Salesforce launches new cloud hub for supply chain emissions
Salesforce has unveiled a new cloud-based hub that enables companies of all sizes to track and measure value chain emissions.
Amazon announces nine new renewables deals to take clean energy capacity to 8.5GW
Amazon has announced nine major new renewable projects across the globe that sees the online retailer's total clean energy capacity surpass 8.5GW globally.
Net-Zero Business podcast: Inside the UK's low-carbon heat transition
In response to the accelerated pace at which corporates are examining and setting net-zero targets to help alleviate the climate crisis, edie's monthly Net-Zero Business podcast was created. Up next, we talk low-carbon heat with Centrica Business Solutions and the Heat Pump Federation.
Amazon installs more than 800 EV chargers at UK sites
Amazon has confirmed that more than 800 electric vehicle (EV) charging points have been installed across its UK sites with "hundreds more" scheduled, as part of an ongoing partnership with Suffolk-based EO Charging.
UK's solar sector 'rebounding from pandemic and subsidy closures'
175MW of solar generation capacity was installed across the UK between January and March, according to new figures, compared to just 60MW in the same quarter of 2020.
Patagonia launches campaign urging Brits to support community renewable energy
After successful campaigns on renewable, community-owned energy projects in the US and EU, Patagonia has begun supporting UK residents to follow suit.
Gas grid operators outline plans for expanded EU 'hydrogen highway'
Gas network operators from 11 countries have joined the European hydrogen backbone initiative, presenting an updated vision for a pure hydrogen network of nearly 40,000km by 2040.
ScottishPower planning 'UK's largest' green hydrogen electrolyser near Glasgow
With the publication of the UK's Hydrogen Strategy imminent, ScottishPower has unveiled plans to build a 20MW electrolyser, co-located with its Whitelee onshore wind farm.
Europe risks €87bn in stranded fossil gas assets, report reveals
Europe is already building or planning to build €87bn worth of fossil gas infrastructure in a continued expansion of pipelines and LNG terminals, despite the need to halve emissions by 2030, according to a new report published on Thursday (8 April).
Bank of America commits $1trn to global sustainability initiatives
The Bank of America has increased an existing $300bn sustainable business initiatives fund to attempt to mobilise $1trn by 2030 for initiatives that will support the net-zero transition.
Crypto Climate Accord aims for 100% renewables and net-zero digital currency by 2040
A new global accord has been set up to align the swelling cryptocurrency market with the ambitions of the Paris Agreement by ensuring that blockchain and energy-intensive currency mining systems are powered by renewables and reach net-zero emissions by 2040.
RouteZero: Climate Group launches new initiative to decarbonise road transport
International non-profit the Climate Group had partnered with the UN High-Level Climate Champions to launch a new initiative aimed at getting businesses, cities and regions to completely decarbonise all forms of road transport.
British Army to switch on first solar farm as part of net-zero aspiration
The British Army is progressing with the first of four solar photovoltaic farms, which will save more than £1m in energy costs and help the Army reach net-zero emissions by 2045.
More than 100 Apple suppliers to switch to 100% renewables
Apple has revealed that more than 100 of its manufacturing partners across the supply chain have agreed to source 100% renewable electricity for the production of Apple products, a move that looks set to avoid more than 15 million tonnes of carbon emissions annually.
Emissions covered by EU pricing markets fell 12% in 2020
Emissions regulated under the European Union's (EU) carbon market decreased by more than 12% last year, with the coronavirus severely limiting energy demand and industrial output.
Danone-owned dairy giant unveils lifetime carbon emissions for its products
Horizon Organic, the largest USDA certified organic dairy brand in the world, has publicly disclosed the summary of life cycle assessments (LCA) for its whole milk half gallons, in a bid to outline areas of improvement as it strives to become "carbon positive" by 2025.
Molson Coors set for 100% renewable electricity switch in the UK
Molson Coors Beverage Company, which produces drinks for brands including Carling and Doom Bar in the UK, has signed a power purchase agreement (PPA) that will enable it to transition to 100% renewable electricity in the UK.
UK must dramatically scale battery energy storage to meet net-zero, report reveals
If the UK is to align its energy sector with its net-zero target, domestic capacity for energy storage and other assets that enable flexibility will need to grow to 49.5GW this decade.
Report: Investors ditching fossil fuel stocks as value drops by billions of dollars
The value of share offerings in fossil fuel firms has plummeted by $123bn since 2012, a new report has revealed.
#SustyTalk: ING's Ben Colegrave on financing the hydrogen revolution
edie's #SustyTalk interview series continues with an exclusive discussion with ING's director for corporate finance on energy, Benjamin Colegrave.
UK hosting 30,000 fewer green jobs than in 2014, official figures show
New data from the Office for National Statistics reveals that the UK hosted 202,100 low-carbon and renewable energy jobs in 2019 - 30,000 fewer than in 2014.
Wilko's face mask recycling and Sydney's net-zero buildings: The sustainability success stories of the week
As part of our Mission Possible campaign, edie brings you this weekly round-up of five of the best sustainability success stories of the week from across the globe.
Covid-19 sees carbon emissions fall 10% in 2020 as UK nears half-way mark to net-zero
The impacts of the coronavirus pandemic delivered an estimated 10.7% reduction in carbon emissions in 2020, with total greenhouse gas emissions almost 50% lower than they were in 1990, the baseline year for the UK's net-zero target.
Businesses pledge to invest £4.4bn in Sizewell C, if the Government gives the green light
A Memorandum of Understanding has been signed on EDF's Sizewell C nuclear power plant by more than 200 organisations, which have collectively pledged £4.4bn of investment around the project.
Is biodiversity being forgotten in sustainable corporate finance?
EXCLUSIVE: The issuance of sustainability bonds and sustainability-linked loans in the private sector is gathering pace, but are businesses using them to help avert the nature crisis?
UK cities leading the way on net-zero and renewable energy, report finds
Almost three-quarters (73%) of the UK's urban population live in towns and cities with net-zero targets and/or strong local policies on renewable energy, compared to a global average of just 25%.
Cutting through complexity: Can biodiversity be embedded into corporate strategies?
In recent months, the importance of biodiversity in combatting the climate crisis has reached a new level understanding, with policymakers and academics peering into this complex topic to try and outline how the private sector can champion it. Here, edie hears from the businesses that have already enshrined regenerative practices into their business model.
Recycled materials and CCS: Aluminium industry plots pathways to net-zero
The association representing more than 60% of the world's aluminium production has published new climate pathways for the sector, outlining how recycled materials, electrification and emerging technologies could cut emissions at scale.
IRENA: Existing solutions can spur progress to net-zero
Global power sourced from renewables is set to treble by 2050, with wind, solar and hydrogen all required to account for 90% of all decarbonisation solutions to push the global economy towards the 1.5C pathway, a new report from the International Renewable Energy Agency (IRENA) has found.
Brunel Pensions Partnership targets net-zero as Nest accelerates renewable energy investment
The UK's largest Government-backed pension scheme, Nest, has pledged £250m to renewable energy projects this year, while Brunel Pension Partnership has outlined a new net-zero target.
Nissan to install on-site solar farm at Sunderland plant
Nissan has unveiled plans to build a new solar farm at its Sunderland Plant - the facility at the heart of its Leaf electric vehicle (EV) manufacturing process.
Report: Cumbria can create 9,000 green jobs by 2035, without a coal mine
Proponents of Cumbria's proposed coal mine often point to its potential to create 500 new roles. But the county could create thousands of jobs and attract billions of pounds of investment if it opts, instead, to expand low-carbon sectors.
Pearson targets net-zero carbon by 2030
Learning and education company Pearson has built on science-based targets set last year to commit to net-zero emissions in the next decade, as part of a new sustainable business plan published alongside an updated company strategy.
Plans unveiled for green hydrogen hub in the Scottish Highlands
The Port of Cromarty Firth and ScottishPower are among a consortium of businesses pushing for the development of green hydrogen hub in the Highlands, powered by offshore wind.
Koala conservation and electric buses for COP26: The sustainability success stories of the week
As part of our Mission Possible campaign, edie brings you this weekly round-up of five of the best sustainability success stories of the week from across the globe.
EIB spent €890m on fossil gas since phase out pledge, activists say
The European Investment Bank (EIB) has invested €890m in gas projects since it pledged to phase out investments into fossil fuels by 2022, contradicting the bank's "gas is over" narrative, activists say.
Report: Strong net-zero policy could help UK attract £350bn of investment by 2050
The low-carbon energy transition in the UK could lead to the development of £350bn of investible assets by 2050 - but only if businesses and policymakers do more to support key sectors.
Fossil fuel emissions set to rebound after Covid-19 reductions, IEA warns
Globally, energy-related CO2 emissions fell 5.8% year-on-year in 2020 - but there are only a few months left for nations and businesses to prevent figures from surpassing pre-pandemic figures this year.
EDP's renewables target and eBay supports social enterprises: The sustainability success stories of the week
As part of our Mission Possible campaign, edie brings you this weekly round-up of five of the best sustainability success stories of the week from across the globe.
UK can create 200,000 jobs through clean technology drive
The Association for Renewable Energy and Clean Technology (REA) has claimed that the UK can reach 100% renewable electricity in the next 11 years, with clean technology uptake set to create 200,000 new jobs provided the Government can deliver enabling policies.
Hydrogen: Is UK policy and industry at a tipping point?
Recent weeks have seen influential bodies urging the Government to publish the Hydrogen Strategy sooner rather than later. In tandem, announcements have been made about hydrogen-powered homes and vehicles. So, is the UK's hydrogen revolution about to begin?
Shell reaches peak oil and emissions as it plots net-zero pathway
Shell has published an updated business strategy in light of the Covid-19 pandemic and its pledge to reach net-zero emissions, which confirms that 2019 will be its peak in terms of oil production.
