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News

Investment

Drax strikes £436m deal for biomass producer Pinnacle Renewable Energy

Energy firm to snap up leading manufacturer and distributors of industrial wood pellets to supply its biomass energy plants

clock 09 February 2021 • 4 min read

Policy

National Infrastructure Bank: Business leaders urge government to guarantee long-term survival of green bank

Bank dubbed 'Green Investment Bank 2.0' by Business Secretary should be given legal mandate to tackle regional inequalities, help achieve net zero, and reverse decline of nature, according to green finance and business leaders

clock 09 February 2021 • 3 min read

Politics

Poll: British exporters 'overwhelmingly' back more climate action from UK Export Finance

It comes amid revelations UKEF is still considering support for a host of overseas fossil fuel projects, despite recent pledge from PM to put an end to such backing

clock 09 February 2021 • 5 min read

Supply chain

CDP: Companies facing $120bn in environmental supply chain risks by 2026

Analysis of data from 8,000 firms disclosing to CDP reveals huge and growing costs of inaction to address climate and environmental threats to corporate supply chains

clock 09 February 2021 • 2 min read

CCS

'Time is of the essence': Elon Musk unveils $100m carbon capture competition

Contest organiser said solutions able to remove one US ton of carbon from the air or ocean daily are eligible to enter the prize, which launches in April

clock 09 February 2021 • 2 min read

Politics

UN chief António Guterres: Preparatory COP26 climate talks should 'take place virtually'

Covid-19 safety concerns force upcoming initial talks online, fuelling further concern over status of crucial Glasgow climate summit later this year

clock 09 February 2021 • 6 min read

Wind

Amazon scores offshore wind energy deal with Shell and Eneco

Power purchase agreement (PPA) will see tech giant buy more than half the generation capacity of the 759MW Holladske Kust Noord offshore wind farm under construction off the coast of the Netherlands

clock 08 February 2021 • 2 min read

Automotive

Ford and Porsche both ramp up multi-billion euro EV investment plans

US motor giant Ford almost doubles its EV investment plans, while Porsche says 80 per cent of its vehicles sold will be electric in 2030, as European EV market accelerates

clock 08 February 2021 • 2 min read

Shipping

'Huge step towards fossil-free shipping': Stena Line plots Sweden-Denmark electric ferry route by 2030

Plans for major electric ferry service unveiled as British firm touts vision for zero emission heavy-duty ship it has dubbed the 'Tesla of the seas'

clock 08 February 2021 • 3 min read

Risk

'Floods are here to stay': MPs slam government's flood defence planning

UK flood defence plans once again called into question, as Environment, Food and Rural Affairs (EFRA) committee calls for clear targets and long-term budget for resilience

clock 08 February 2021 • 4 min read
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