UK water industry aiming for Net Zero by 2030
The water industry says it’s the first sector in the UK to commit to net zero carbon emissions by 2030, with Water UK presenting analysis of the work carried out so far, plus options for companies to consider as they develop their future plans. As well as the immediate impact of carbon reductions, the industry intends to share […]
Do you have a Net Zero strategy?
The UK has become the first major economy to pass laws requiring all greenhouse gas emissions to be net zero by 2050. The electricity grid is decarbonising (its carbon intensity has dropped by over 50% since 2011 to where it is today – 254 g CO2 per kWh) and is forecast to drop another 50% by 2030. Grid costs are rising to […]
Coal phase out forms key part of government’s Net Zero strategy
The deadline for the phase-out of coal from Britain’s energy system is planned to be brought forward a year to 1 October 2024, as outlined by the prime minister in a speech to launch COP26. The government will consult on bringing the deadline for ending unabated coal forward from 2025 to 2024, part of its drive to […]
New Net-Zero Assets Alliance signatories push initiative to $3.9 trillion
AXA, Aviva, CNP Assurances and Fonds de Réserve pour les Retraites (FRR) have joined the UN-convened Net-Zero Asset Owner Alliance, raising total assets under management targeting carbon neutrality by 2050 to more than $3.9 trillion. The Alliance is a group of the world’s largest pension funds and insurers committing to fully decarbonise their portfolios to avoid a […]
BEIS Chair implores Secretary of State on net zero actions
The Chair of the Business, Energy and Industrial Strategy (BEIS) Committee has written to the new Secretary of State Andrea Leadsom to press for action on a series of policy fronts relating to the net zero initiative. Issued covered include electric vehicles, carbon capture, and energy efficiency, which the BEIS says are crucial to ramp […]