News

'We're going to be all in': Bank of America executive calls for stronger net zero push in response to geopolitical instability

Investment

'We're going to be all in': Bank of America executive calls for stronger net zero push in response to geopolitical instability

Julian Mylchreest tells Net Zero Finance Summit that fossil gas still has a role in supporting energy security in wake of Russia’s war in Ukraine, however

clock 29 March 2022 • 3 min read
'Discriminatory': EU launches WTO challenge over UK's clean energy subsidy scheme

Supply chain

'Discriminatory': EU launches WTO challenge over UK's clean energy subsidy scheme

EU accuses UK of undermining efforts to tackle climate change through its plan to make domestic content a criteria for Contracts for Difference eligibility

clock 29 March 2022 • 4 min read
'Huge regret': Iceland switches back to palm oil after Ukraine crisis renders sunflower oil 'unobtainable'

Supply chain

'Huge regret': Iceland switches back to palm oil after Ukraine crisis renders sunflower oil 'unobtainable'

Managing director Richard Walker blames Ukraine invasion for temporary u-turn, but pledges to go back to using sunflower oil in on-brand products as soon as possible

clock 29 March 2022 • 3 min read
'Increasing ambition': Government commits further £685m towards green aerospace innovation

Aviation

'Increasing ambition': Government commits further £685m towards green aerospace innovation

Alongside industry support, total funding for Aerospace Technology Institute set to reach more than £1bn by 2025

clock 29 March 2022 • 2 min read
'Sunlight is the best disinfectant': Business Minister Lord Callanan urges firms to prepare for climate risk disclosure rules

Investment

'Sunlight is the best disinfectant': Business Minister Lord Callanan urges firms to prepare for climate risk disclosure rules

Minister also confirms at Net Zero Finance Summit that updated Green Finance Strategy and green taxonomy rules to be published later this year

clock 29 March 2022 • 6 min read
IRENA: 'Radical' short-term action required to pull climate goals back from brink

Energy

IRENA: 'Radical' short-term action required to pull climate goals back from brink

Investment in renewables and other clean technologies must reach $5.7tr a year by 2030, Abu Dhabi based body warns

clock 29 March 2022 • 4 min read
Barclays and Clean Growth Fund invest £3m in net zero cold chain pioneer Sunswap

Automotive

Barclays and Clean Growth Fund invest £3m in net zero cold chain pioneer Sunswap

'Endurance' vehicle offers a fully electric, zero-emission alternative to diesel-powered Transport Refrigeration Units

clock 29 March 2022 • 2 min read
'Breakthrough moment': British Airways becomes first airline to use commercial-scale SAF produced in UK

Aviation

'Breakthrough moment': British Airways becomes first airline to use commercial-scale SAF produced in UK

Multi-year agreement with Phillips 66 Limited moves BA closer to goal of using SAF for 10 per cent of its fuel by 2030

clock 29 March 2022 • 2 min read
MPs warn lack of government progress on carbon capture is giving heavy emitters a 'free pass'

CCS

MPs warn lack of government progress on carbon capture is giving heavy emitters a 'free pass'

Environmental Audit Committee argues that net zero target loophole could undermine efforts to encourage heavy industries to prioritise cutting emissions

clock 29 March 2022 • 3 min read
Alok Sharma urges countries to keep climate promises after 'fragile win' at COP26

Politics

Alok Sharma urges countries to keep climate promises after 'fragile win' at COP26

COP26 President calls on G20 nations in particular to strengthen 2030 emissions targets this year

clock 28 March 2022 • 4 min read