Government charges up energy storage sector with £20m boost

BEIS is aiming for up to three demonstration projects to be built and tested by the end of 2021

Investors urge fast food giants to speed up climate action

They are urging organisations to set ‘tough targets’ to reduce greenhouse gas emissions and water usage of their meat and dairy suppliers

Shell links executive pay to carbon reduction

It has pledged to set specific short term targets, starting from 2020 and running until 2050

EU agrees 32% renewable energy target for 2030

The agreement also includes plans to review the goal by 2023 on whether it should be increased further

Shell investors call for more action on climate change at AGM

The company defeated a resolution backed by 5.54% of shareholders calling for it to set tougher emissions targets in line with the Paris Agreement

Energy giants and investors urge close EU-UK ties after Brexit

Brexit Secretary David Davis MP is being urged to develop a “comprehensive Climate and Energy Chapter” covering both trade and non-trade issues

Less than half of banks ‘taking climate change seriously’

Less than half of the world’s biggest banking groups have carried out a scenario analysis for if global temperatures rise by more than 2°C. That’s according to a new report from Boston Common Asset Management, based on a survey of 59 financial institutions. It suggests the majority of banks are failing to successfully integrate climate […]

New EU initiative targets private investors for energy efficiency

Plans to create a new initiative aimed at making investments in residential energy efficiency projects more attractive to private investors have been approved. The Smart Finance for Smart Buildings project, together with other EU policy initiatives, aim to unlock a total of €10 billion (£8.75bn) in public and private funds between now and 2020 for […]

Investors target top 100 emitters for climate action

Investors with more than $26.3 trillion (£19.6tn) in assets under management have pledged to push the world’s largest corporate greenhouse gas emitters to step up their actions on tackling climate change. The initiative known as Climate Action 100+, launched by 225 institutional investors, led by funds including HSBC Global Asset Management, Australian Super and CalPERS, […]

Deforestation risks $941bn – leaf it out!

International businesses are risking $941 billion (£711bn) of investments by failing to adequately address the risks posed by deforestation. That’s according to a new report from CDP based on 201 global companies’ disclosures regarding the four commodities responsible for the bulk of deforestation and forest degradation – cattle products, palm oil, timber products and soy. […]