Daily Insights for the Energy Management and Water Industry
UK Business Giants Call For National Green Recovery Tied To Net-Zero
June 2nd, 2020
More than 200 UK businesses and investors, including Sky, Lloyds Bank and Asda, have called on Prime Minister Boris Johnson to deliver a green recovery plan from the coronavirus pandemic that builds a stronger and more inclusive economy. A total 206 chief executives have signed an open letter offering support to the UK Government in tackling the health and subsequent economic crisis caused by the coronavirus pandemic.
Coffee Shops Sign Up To Post-Lockdown Reusable Cup Platform
June 1st, 2020
Coffee shops from the likes of Costa and Boston Tea Party that are reopening across the UK are signing up to a new best-practice trial on accepting reusable coffee cups in a safe manner. Co-ordinated by sustainable behaviour change firm City to Sea, the new initiative will encourage coffee shops that are reopening as lockdown eases to accept reusable coffee cups from customer in a manner.
Coronavirus To Cause Largest Ever Drop In Global Energy Investment
May 28th, 2020
The world is on course to witness the largest ever drop in investment in global energy, with the coronavirus pandemic set to restrict spending across renewables, gas, fossil fuels and cleantech. The International Energy Agency’s (IEA) World Energy Investment 2020 report warns that 2020 will mark the largest ever drop in spending on global energy. At the start of the year, the global energy spend was on course to grow by 2%, which would have been the largest annual increase in six years. However, the economic slump caused by the coronavirus pandemic and lockdown is expected to create a 20% fall in global energy investment, a fall of almost $400bn compared to 2019.
World Health Groups Call For Green Coronavirus Recovery
May 27th, 2020
A coalition of global healthcare organisations, backed by more than 40 million healthcare professionals, have coordinated a written plea to governments to deliver health-based and climate-focused economic recoveries from coronavirus pandemic. Backed by the World Health Organisation (WHO), the Global Climate and Health Alliance and campaign group Every Breath Matters, a letter has been sent to world leaders calling for the creation of a green recovery from the coronavirus pandemic.
Renewables To Account For Three-Quarters Of UK’s Power Demand By 2050
May 26th, 2020
The UK could source 76% of its power demand from renewables by 2050, according to a new report from RenewableUK which claims that the nation’s net-zero target will spur rapid demand for green hydrogen while attracting more than £50bn to an already world-leading offshore wind sector.
The new report reaffirms that despite temporary setbacks to the renewables sector caused by the coronavirus pandemic, the UK is set to witness a massive uptake in low-cost green power.
Iceland Cuts Food Waste By 23%, Aims for 50% Reduction By 2030
May 22nd, 2020
Retailer Iceland has revealed it has reduced food waste by almost a quarter in the past two years, having reduced wastage by around 2,500 tonnes through redistribution schemes as the company targets a 50% reduction by 2030. Iceland has today (21 May) published its first food waste report following industry calls from WRAP to “target, measure and act” on food waste. The retailer has confirmed that food waste has been reduced by almost 2,500 tonnes over a two-year period, equivalent to 23.2%.
Sir David Attenborough Backs New Conservation Crisis Find
May 21st, 2020
Sir David Attenborough has called on the nations citizens to refocus on nature in a way that “respects rather than exploits” as a response to Covid-19, as the non-profit organisation he represents unveils a new $1m ‘conservation crisis’ fund. Between 1980 and 2013 there were 12,012 recorded virus outbreaks globally. Factors spurring this trend are various and have been linked to a rise in trade and global connectivity and increased travel. As those factors rise, biodiversity falls, which is the crux of the issue.
Lockdown Sees Global Emissions Fall By 17%
May 20th, 2020
New research has suggested that daily global carbon emissions recorded in April 2020 were 17% lower compared to the same month of the year, largely due to the coronavirus pandemic and forced lockdowns and postponement in production. New research published on the 19th May revealed that daily recordings of carbon emissions across the globe were 17% lower compared to April 2019.
Viridor Signs Agreement On UK Plastic Chemical Recycling Initiative
May 19th, 2020
Waste management firm Viridor has agreed a memorandum of understanding (MoU) with chemical recycling company plastic energy to explore a system that treats non-recycled plastic waste using low-carbon electricity to create recycled plastic feedstocks. The project aims to create a chemical recycling plant that would be co-located with a Viridor energy recovery facility. The two companies would then treat low-density plastic firm – a material stream not usually recycled due to contamination concerns – at the chemical recycling Plant.
Oxford’s Zero-Carbon Homes And L’Oreal’s Eco Fund: The Sustainability Success Stories Of The Week
May 18th, 2020
The global cosmetics firm has noted the need to focus on regenerating the environment while also supporting those impacted by the economic crisis caused by the coronavirus, and has responded but launching a €50m social fund to support vulnerable women and a €100m environment fund. The fund is split between social and environmental platforms. L’Oreal has committed €50m to supporting women that are being disproportionately affected by the Covid-19 crisis, notably in regards to job and income loss and the risk of domestic and sexual violence.
More Than One Million Citizens Back Calls For EU Green Investments To Spur Covid-19 Recovery
May 15th, 2020
More than 100 environmental NGOs and one million European citizens have joined the calls for the European Union (EU) to stimulate the economy through massive green investment efforts. Spearheaded by the Green 10 coalition, more than 1.2 million people have joined campaigns at avaaz WeMove Europe, and SumOfUs to support a green economic recovery in Europe. Green 10 has sent a letter to European Commission president Ursula Von Der Leyen, calling on the bloc to mobilise the world’s largest green investment fund to spur a low-carbon recovery from the economic crisis caused by the coronavirus.
L’Oréal Launches €150m Social And Environmental Fund To Support Coronavirus Response
May 14th, 2020
Global cosmetic firm L’Oréal has noted the need to focus on regenerating the environment while also supporting those impacted by the economic crisis caused by the coronavirus, and has responded by launching a €50m social fund to support vulnerable women and a €100m environment fund. The programme is a responsive, social, and environmental “solidarity programme” aiming to contribute to the regeneration of damaged ecosystems and preventing climate change, while also supporting vulnerable women during the social and economic crisis generated by the coronavirus pandemic.
Severn Trent Rolls Out 350 Electric Vehicle Charging Point At UK Facilities
May 13th, 2020
The UK’s second-biggest water company, Severn Trent, is installing more than 350 electric vehicle (EV) charge points across its sites, as part of its commitment to covert 100% of its transport fleet to electric by 2030. Last month, Severn Trent announced that it has joined the Climate Group’s EV100 initiative, pledging to convert 100% of its transport fleet to EVs by 2030. Severn Trent, which serves 4.4 million homes and business customers in England and Wales, will seek to convert its fleet of more than 2,000 vehicles to EVs by 2030.
Gravity-based Energy Storage Project Set Up For Edinburgh
May 12th, 2020
A demonstrator project aiming to transform old mine shafts into energy storage systems is set to be up and running in December, after the company behind the innovation agreed to a land rental agreement at a site in Edinburgh. Edinburgh-based Gravitricity’s energy battery system works by utilising and raising a range of weights totaling up to 12,000 tonnes that a suspended in deep mine shafts. Electrical power can be absorbed or generated by raising or lowering the weight.
Business Leaders Call For Recovery Packages To Be Tied To Net-Zero Corporate Targets
May 11th, 2020
The chief executives from 40 global organisations including BP, Heathrow Airport, Shell and HSBC have called on governments to focus economic recovery packages in ways that enable sectors and businesses to transition to low-carbon and resilient models of operation. Convened through the Energy Transitions Commission, a coalition of business leaders across energy, industry, finance and civil society, the business has called upon national governments to focus on long-term resiliency when rolling out economic recovery packages.
Corporate Buildings Are Seeing A 35% Drop In Energy Use
May 7th, 2020
Effects of Corona are widespread, with continued challenges for multiple businesses. Buildings are be vacated which could result in cost savings, which will bring more financial security, for example Energy costs. Businesses are looking at budgets and how they can reduce volume to cut costs. There is still the question of “what the back to business plan is” for many companies and what effects this will have on them. Many buildings are being brought into a hibernation position which is very similar to bank holidays, not far from closing which is where big savings are being made. Its all about understanding your building and where savings can be made.
Total Commits To Net-Zero Emissions By 2050 Following Investor Pressure
May 6th, 2020
Global energy company Total is the latest in the sector to commit to net-zero emissions, setting a target for 2050 or sooner after extensive engagement with a climate action investor coalition. Total has committed to reaching net-zero emissions by 2050 across its operations and products covering scope 1, 2 and 3 emissions. The energy company will target a 60% reduction at least in the carbon intensity of its energy products used by customers. Oil and gas capex allocation will also be assessed and scrutinised to ensure that projects and spending are aligned with the goals of their Paris agreement.
Why Science, Society, And Sustainability Will Matter More For Business Post-Pandemic
May 5th, 2020
There are ten years left to achieve the sustainable development goals (SDGs) while global emissions need to be curbed by 45% to put the world on the path to deliver the Paris agreement. It is a crucial decade of action that will require unprecedented transformation from the private sector that aligns operations and value chains with net-zero by 2050, transitions outputs to circular economy models, and alters their financial approach and re-define value itself in order to support all of these shifts.
Oxford University To Divest From Fossil Fuels And Align To Net-Zero Strategies
May 4th, 2020
Oxford University has announced that is divesting its remaining investments away from fossil fuel companies and how its fund management service can engage with organisations that showcase net-zero business plans. Oxford university has asked its endowment office, Oxford University Endowment Management (OUem) to engage with fund managers to request evidence of net-zero carbon business plans across their portfolios. OUem will also divest the university’s investments, totalling more than £3bn, away from fossil fuels.
NGOs Call Investors To Respond To Coronavirus Pandemic Through Net-Zero Transition Packages
May 1st, 2020
A collection of NGOs have written to some of the worlds largest insurers, calling on them to address economic responses to the coronavirus outbreak in ways that are aligned with the urgent need to combat the climate crisis and steer the global economy towards a net-zero future. A letter signed by 25b NGOs in 11 countries calls on insurers to get “serious” about commitments to climate change. The letter has been sent to board members of global insurers, calling on organisations to divest from fossil fuels and commit to phasing out oil and gas companies in line with the 1.5C pathway.
Yorkshire Tea Achieves Carbon-Neutral Certification For Operations And Products
April 30th, 2020
Yorkshire tea has announced that all its products are carbon neutral from field to shelf, following a five-year programme to reduce emissions across its supply chain and operations. Yorkshire tea, which is owned by Taylors of Harrogate, confirmed that all of its five billion tea bags sold across 28 countries annually are 100% carbon neutral, as well as its business operations.