HSBC is leading a wave of British institutions from the City to the High Street which plan to pour hundreds of millions of pounds into cutting greenhouse gas emissions. The banking giant unveiled plans to invest around £250m in wind and solar power parks, alongside a swathe of green pledges from another 30 companies including Amazon, BT and John Lewis Partnership. The low carbon pacts have been timed to coincide with the Government’s Green GB initiative, which marks ten years since the UK legislated climate change targets for the first time. Ministers are preparing to deepen their commitment following the landmark UN report last week which called for urgent action to reduce emissions. They called on Monday for climate experts to map a path to a ‘net zero emissions’ economy.
Telegraph 15th Oct 2018 read more »
The UK’s healthcare, industrial, and hospitality sectors could meet more than half of their greenhouse gas reduction targets for 2030 by deploying distributed low carbon energy technologies such as battery storage and onsite generation, a new study from energy giant Centrica suggests. The ‘Powering Sustainability’ report, which was released yesterday to coincide with the start of Green Great Britain Week, calculates that battery storage, onsite generation, and energy efficiency measures could deliver an 11 per cent CO2 saving across the three sectors, which together represent over a quarter – 27 per cent – of the UK’s greenhouse gas emissions.
Business Green 16th Oct 2018 read more »