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News

Reports: Sunak orders plan for windfall tax on power companies and oil and gas producers

Policy

Reports: Sunak orders plan for windfall tax on power companies and oil and gas producers

Propposed levy set to extend beyond oil and gas firms and include a tax on the earnings of electricity generators benefitting from soaring prices, according to government insiders

clock 24 May 2022 • 4 min read
TNFD taps indigenous groups to aid development of nature-related risk framework

Biodiversity

TNFD taps indigenous groups to aid development of nature-related risk framework

Taskforce on Nature-related Financial Disclosures announces expanded consultation process, as organisation warns damage to nature poses serious threat to the long-term economic growth

clock 24 May 2022 • 3 min read
Government fires up Boiler Upgrade Scheme with promise of £5,000 heat pump grants

Policy

Government fires up Boiler Upgrade Scheme with promise of £5,000 heat pump grants

Heat pump firms express confidence grant scheme can help bring costs down to a level where low carbon heating systems can compete with gas boilers

clock 24 May 2022 • 3 min read
'World first': Volvo preps for launch of electric trucks made with fossil-fuel-free steel

Automotive

'World first': Volvo preps for launch of electric trucks made with fossil-fuel-free steel

Company claims to be first truck maker in the world to swap out vehicle parts made from traditional steel for zero emission steel

clock 24 May 2022 • 2 min read
Farm to fork: Eco labelling firm Foodsteps raises $4.1m investment

Marketing

Farm to fork: Eco labelling firm Foodsteps raises $4.1m investment

EXCLUSIVE: Major high street restaurants among those already using labelling platform to record and highlight environmental impact of different products

clock 24 May 2022 • 2 min read
Balancing Act: New offshore wind research aims to deliver net gain for biodiversity

Wind

Balancing Act: New offshore wind research aims to deliver net gain for biodiversity

The Crown Estate has partnered with the Rich North Sea programme to harness state-of-the-art modelling to help identify how best to protect marine life

clock 24 May 2022 • 3 min read
Levelling up: Report details how net zero investment could drive growth outside London and South East

Policy

Levelling up: Report details how net zero investment could drive growth outside London and South East

Resolution Foundation and LSE report argues that investment in net zero transition could help reduce regional inequality

clock 23 May 2022 • 2 min read
US presses ahead with plan to invest $3.5bn in four direct air capture hubs

CCS

US presses ahead with plan to invest $3.5bn in four direct air capture hubs

US Energy Secretary says multi-billion-dollar investment programme in DAC will position US as a 'net zero leader'

clock 23 May 2022 • 3 min read
Centre for Net Zero: Government must act to accelerate heat pump roll out

Energy

Centre for Net Zero: Government must act to accelerate heat pump roll out

New research details how current pace of heat pump deployment puts 2050 decarbonisation target in peril

clock 23 May 2022 • 3 min read
Reports: HSBC suspends responsible investing head after controversial climate speech

Investment

Reports: HSBC suspends responsible investing head after controversial climate speech

Senior HSBC executives disavow Stuart Kirk's speech last week, during which he complained that throughout his career there had always been 'some nutjob telling me about the end of the world'

clock 23 May 2022 • 2 min read
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