(IN BRIEF) Aviva and WWF have launched a pioneering research project aimed at harnessing the potential of UK saltmarsh habitats to combat climate change by capturing carbon emissions. A carbon flux tower will be installed in the Ribble Estuary, Lancashire, to measure the carbon cycle and assess saltmarshes’ capacity as long-term carbon stores. The research will also study the impact of rising sea levels on these habitats. This initiative supports Aviva’s goal of making the UK the most climate-ready large economy by 2030. Saltmarshes are critical for biodiversity and flood protection, and this project aims to restore and expand these ecosystems while capturing carbon emissions.
(PRESS RELEASE) LONDON, 9-Oct-2023 — /EuropaWire/ — Aviva plc (LON: AV), a British multinational insurance company, and WWF (World Wide Fund for Nature) are excited to unveil a pioneering research project focused on harnessing the climate mitigation potential of UK saltmarsh habitats and their role in carbon removal from the atmosphere. This groundbreaking initiative, featuring a state-of-the-art saltmarsh research platform, will enable scientists to assess the carbon storage and sequestration capabilities of saltmarshes across the United Kingdom.
The centerpiece of this endeavor involves the installation of a cutting-edge carbon flux tower on the picturesque Ribble Estuary in Lancashire. This tower will comprehensively measure the entire carbon cycle, validating the vital role of saltmarshes as long-term natural carbon reservoirs. Furthermore, it will investigate the impact of rising sea levels on these precious habitats, providing essential insights for prioritizing saltmarsh restoration and conservation efforts. By continuously monitoring the flow of carbon between the landscape and the atmosphere, in conjunction with conventional methods for analyzing carbon stored in saltmarsh soils, this research will quantify the amount of carbon captured, the rate of capture, and the duration of storage. Aviva’s involvement in this project aligns with its commitment to making the UK the most climate-ready large economy by 2030.
This groundbreaking research, conducted in partnership with WWF, and in collaboration with the UK Centre for Ecology & Hydrology (UKCEH) and the Royal Society for the Protection of Birds (RSPB), will contribute valuable insights into the carbon capture and storage potential of saltmarshes, ultimately contributing to the establishment of a UK Saltmarsh Code.
Native to the British Isles, saltmarshes play a pivotal role in combatting climate change by serving as enduring natural carbon reservoirs, a phenomenon often referred to as ‘blue carbon’ when it occurs in coastal and marine ecosystems. Additionally, saltmarshes are vital for reversing biodiversity loss and creating a rich and unique habitat for flora and fauna uniquely adapted to their conditions. Unfortunately, historical conversions to agricultural land have resulted in the loss of approximately 85% of English saltmarsh over the past two centuries.
Saltmarsh Structure:
- Tidal/Mudflat: The lowest part of the saltmarsh, submerged except during low tide, and home to various marine life.
- Low Marsh: Frequently submerged by high tide, hosting wading birds, grasses, and more.
- Upper Marsh: Only submerged during very high tides, supporting diverse plant life and nesting migratory birds.
- Inland: The border of the saltmarsh, rarely submerged, providing protection against coastal flooding and hosting woodland, grasses, and wildlife.
In addition to their carbon storage role, saltmarshes act as a natural barrier against coastal flooding and erosion, offering invaluable protection to nearby communities. The remaining saltmarshes are estimated to provide over £1 billion in flood resilience benefits to UK homes. A 2019 report identified approximately 22,000 hectares of coastal land in the UK that could potentially be restored to saltmarsh, capturing more than 300,000 tonnes of carbon dioxide annually.
As the research progresses, Aviva and WWF are committed to identifying restoration sites that will yield benefits for climate, biodiversity, and coastal communities. This endeavor will contribute to the restoration of an ecosystem featuring iconic native species, including herons, egrets, otters, and various marine life such as crabs, mussels, clams, and diverse fish species. Moreover, it will support the breeding grounds of numerous migratory birds within the UK.
Claudine Blamey, Aviva Group Sustainability Director, said: “We are delighted to work with WWF to fund research that will make a genuine contribution to the wider understanding of how saltmarsh can help us move towards net zero.
“Saltmarsh is a precious habitat that removes significant volumes of carbon from the atmosphere as well as being home to a wide range of native and migratory species. It also delivers flood mitigation benefits for the communities based nearby, worth over £70 million for England and Wales, protecting more than 90,000 properties and more than £2 billion of assets”3.
Tom Brook, Blue Carbon Technical Officer at WWF, said: “Aviva and WWF are working together to demonstrate how the business sector can take leadership in moving toward a low-carbon future. Our work will enable sustainable investment in saltmarsh as a nature-based solution to tackling the climate emergency, with added benefits to coastal defence, biodiversity, and water quality.”
“Through this climate research, Aviva are also making an important contribution to achieving societal Net Zero ambitions. This project represents a significant step in addressing critical knowledge gaps in saltmarsh management, ensuring that blue carbon action is underpinned by robust science and research, driving positive outcomes for climate, nature and people.”
-ENDS-
References
- State of the environment: the coastal and marine environment. Environment Agency. Chief Scientist’s Group report released January 2023.
- Saltmarsh Blue Carbon in UK and NW Europe – evidence synthesis for a UK Saltmarsh Carbon Code. Released March 2022.
- Saltmarsh flood mitigation in England and Wales, natural capital: 2022. Released 15 July 2022.
- Blue carbon is the term used for carbon captured by the world’s ocean and coastal ecosystems. For more information, see Protecting and effectively managing blue carbon ecosystems to realise the full value to society- a sea of opportunities, WWF. Released November 2020.
Media contacts:
Philippa Terry
Financial Communications
+44 (0)7385 537 458
philippa.terry@aviva.com
Joe Booth
Financial Communications
+44 (0)7800 698 836
joe.booth@aviva.com
About WWF and Aviva partnership
In 2021, WWF and Aviva have joined forces to call for a transformational shift in the UK financial sector to help slow climate change – a shift without which the UK will not be able to meet its net zero target. Together, WWF and Aviva are also working with communities in the UK and Canada to build more climate resilient ecosystems to help reduce the risk of climate-related natural disasters and create wider benefits for people. With this three-year partnership, Aviva is WWF’s lead partner in the insurance and pension sector. To find out more visit Aviva and WWF – Aviva plc.
About WWF
WWF (Worldwide Fund for Nature) is one of the world’s largest independent conservation organisations, active in nearly 100 countries. Our supporters – more than five million of them – are helping us to restore nature and to tackle the main causes of nature’s decline, particularly the food system and climate change. We’re fighting to ensure a world with thriving habitats and species, and to change hearts and minds so it becomes unacceptable to overuse our planet’s resources.
Notes to editors:
- We are one of the UK’s leading Insurance, Wealth & Retirement businesses and we operate in the UK, Ireland and Canada. We also have international investments in India and China.
- We help our 18.7 million customers make the most out of life, plan for the future, and have the confidence that if things go wrong we’ll be there to put it right.
- We have been taking care of people for more than 325 years, in line with our purpose of being ‘with you today, for a better tomorrow’. In 2022, we paid £23.2 billion in claims and benefits to our customers.
- Aviva is a market leader in sustainability. In 2021, we announced our ambition to become Net Zero by 2040, the first major insurance company in the world to do so. This plan means Net Zero carbon emissions from our investments by 2040; setting out a clear pathway to get there with a cut of 25% in the carbon intensity of our investments by 2025 and of 60% by 2030; and Net Zero carbon emissions from our own operations and supply chain by 2030. Find out more about our climate goals at www.aviva.com/climate-goals and our sustainability ambition and action at www.aviva.com/sustainability
- While we are working towards our sustainability ambitions, we acknowledge that we have relationships with businesses and existing assets that may be associated with significant emissions. More information can be found at https://www.aviva.com/sustainability/climate/
- Aviva is a Living Wage, Living Pensions and Living Hours employer and provides market-leading benefits for our people, including flexible working, paid carers leave and equal parental leave. Find out more at https://www.aviva.com/about-us/our-people/
- As at 30 June 2023, total Group assets under management at Aviva Group were £358 billion and our estimated Solvency II shareholder capital surplus was £7.8 billion. Our shares are listed on the London Stock Exchange and we are a member of the FTSE 100 index.
- For more details on what we do, our business and how we help our customers, visit www.aviva.com/about-us
- The Aviva newsroom at www.aviva.com/newsroom includes links to our spokespeople images, podcasts, research reports and our news release archive. Sign up to get the latest news from Aviva by email.
- You can follow us on:
- Twitter: www.twitter.com/avivaplc/
- LinkedIn: www.linkedin.com/company/aviva-plc
- Instagram: www.instagram.com/avivaplc
- For the latest corporate films from around our business, subscribe to our YouTube channel: www.youtube.com/user/aviva
SOURCE: AVIVA
- Las acusaciones de fraude contra Ricardo Salinas no son nuevas: una perspectiva histórica sobre los problemas legales del multimillonario
- Digi Communications N.V. Announces the release of the Financial Calendar for 2025
- USA Court Lambasts Ricardo Salinas Pliego For Contempt Of Court Order
- 3D Electronics: A New Frontier of Product Differentiation, Thinks IDTechEx
- Ringier Axel Springer Polska Faces Lawsuit for Over PLN 54 million
- Digi Communications N.V. announces the availability of the report on corporate income tax information for the financial year ending December 31, 2023
- Unlocking the Multi-Million-Dollar Opportunities in Quantum Computing
- Digi Communications N.V. Announces the Conclusion of Facilities Agreements by Companies within Digi Group
- The Hidden Gem of Deep Plane Facelifts
- KAZANU: Redefining Naturist Hospitality in Saint Martin ↗️
- New IDTechEx Report Predicts Regulatory Shifts Will Transform the Electric Light Commercial Vehicle Market
- Almost 1 in 4 Planes Sold in 2045 to be Battery Electric, Finds IDTechEx Sustainable Aviation Market Report
- Digi Communications N.V. announces the release of Q3 2024 financial results
- Digi Communications NV announces Investors Call for the presentation of the Q3 2024 Financial Results
- Pilot and Electriq Global announce collaboration to explore deployment of proprietary hydrogen transport, storage and power generation technology
- Digi Communications N.V. announces the conclusion of a Memorandum of Understanding by its subsidiary in Romania
- Digi Communications N.V. announces that the Company’s Portuguese subsidiary finalised the transaction with LORCA JVCO Limited
- Digi Communications N.V. announces that the Portuguese Competition Authority has granted clearance for the share purchase agreement concluded by the Company’s subsidiary in Portugal
- OMRON Healthcare introduceert nieuwe bloeddrukmeters met AI-aangedreven AFib-detectietechnologie; lancering in Europa september 2024
- OMRON Healthcare dévoile de nouveaux tensiomètres dotés d’une technologie de détection de la fibrillation auriculaire alimentée par l’IA, lancés en Europe en septembre 2024
- OMRON Healthcare presenta i nuovi misuratori della pressione sanguigna con tecnologia di rilevamento della fibrillazione atriale (AFib) basata sull’IA, in arrivo in Europa a settembre 2024
- OMRON Healthcare presenta los nuevos tensiómetros con tecnología de detección de fibrilación auricular (FA) e inteligencia artificial (IA), que se lanzarán en Europa en septiembre de 2024
- Alegerile din Moldova din 2024: O Bătălie pentru Democrație Împotriva Dezinformării
- Northcrest Developments launches design competition to reimagine 2-km former airport Runway into a vibrant pedestrianized corridor, shaping a new era of placemaking on an international scale
- The Road to Sustainable Electric Motors for EVs: IDTechEx Analyzes Key Factors
- Infrared Technology Breakthroughs Paving the Way for a US$500 Million Market, Says IDTechEx Report
- MegaFair Revolutionizes the iGaming Industry with Skill-Based Games
- European Commission Evaluates Poland’s Media Adherence to the Right to be Forgotten
- Global Race for Autonomous Trucks: Europe a Critical Region Transport Transformation
- Digi Communications N.V. confirms the full redemption of €450,000,000 Senior Secured Notes
- AT&T Obtiene Sentencia Contra Grupo Salinas Telecom, Propiedad de Ricardo Salinas, Sus Abogados se Retiran Mientras Él Mueve Activos Fuera de EE.UU. para Evitar Pagar la Sentencia
- Global Outlook for the Challenging Autonomous Bus and Roboshuttle Markets
- Evolving Brain-Computer Interface Market More Than Just Elon Musk’s Neuralink, Reports IDTechEx
- Latin Trails Wraps Up a Successful 3rd Quarter with Prestigious LATA Sustainability Award and Expands Conservation Initiatives ↗️
- Astor Asset Management 3 Ltd leitet Untersuchung für potenzielle Sammelklage gegen Ricardo Benjamín Salinas Pliego von Grupo ELEKTRA wegen Marktmanipulation und Wertpapierbetrug ein
- Digi Communications N.V. announces that the Company’s Romanian subsidiary exercised its right to redeem the Senior Secured Notes due in 2025 in principal amount of €450,000,000
- Astor Asset Management 3 Ltd Inicia Investigación de Demanda Colectiva Contra Ricardo Benjamín Salinas Pliego de Grupo ELEKTRA por Manipulación de Acciones y Fraude en Valores
- Astor Asset Management 3 Ltd Initiating Class Action Lawsuit Inquiry Against Ricardo Benjamín Salinas Pliego of Grupo ELEKTRA for Stock Manipulation & Securities Fraud
- Digi Communications N.V. announced that its Spanish subsidiary, Digi Spain Telecom S.L.U., has completed the first stage of selling a Fibre-to-the-Home (FTTH) network in 12 Spanish provinces
- Natural Cotton Color lancia la collezione "Calunga" a Milano
- Astor Asset Management 3 Ltd: Salinas Pliego Incumple Préstamo de $110 Millones USD y Viola Regulaciones Mexicanas
- Astor Asset Management 3 Ltd: Salinas Pliego Verstößt gegen Darlehensvertrag über 110 Mio. USD und Mexikanische Wertpapiergesetze
- ChargeEuropa zamyka rundę finansowania, której przewodził fundusz Shift4Good tym samym dokonując historycznej francuskiej inwestycji w polski sektor elektromobilności
- Strengthening EU Protections: Robert Szustkowski calls for safeguarding EU citizens’ rights to dignity
- Digi Communications NV announces the release of H1 2024 Financial Results
- Digi Communications N.V. announces that conditional stock options were granted to a director of the Company’s Romanian Subsidiary
- Digi Communications N.V. announces Investors Call for the presentation of the H1 2024 Financial Results
- Digi Communications N.V. announces the conclusion of a share purchase agreement by its subsidiary in Portugal
- Digi Communications N.V. Announces Rating Assigned by Fitch Ratings to Digi Communications N.V.
- Digi Communications N.V. announces significant agreements concluded by the Company’s subsidiaries in Spain
- SGW Global Appoints Telcomdis as the Official European Distributor for Motorola Nursery and Motorola Sound Products
- Digi Communications N.V. announces the availability of the instruction regarding the payment of share dividend for the 2023 financial year
- Digi Communications N.V. announces the exercise of conditional share options by the executive directors of the Company, for the year 2023, as approved by the Company’s Ordinary General Shareholders’ Meetings from 18th May 2021 and 28th December 2022
- Digi Communications N.V. announces the granting of conditional stock options to Executive Directors of the Company based on the general shareholders’ meeting approval from 25 June 2024
- Digi Communications N.V. announces the OGMS resolutions and the availability of the approved 2023 Annual Report
- Czech Composer Tatiana Mikova Presents Her String Quartet ‘In Modo Lidico’ at Carnegie Hall
- SWIFTT: A Copernicus-based forest management tool to map, mitigate, and prevent the main threats to EU forests
- WickedBet Unveils Exciting Euro 2024 Promotion with Boosted Odds
- Museum of Unrest: a new space for activism, art and design
- Digi Communications N.V. announces the conclusion of a Senior Facility Agreement by companies within Digi Group
- Digi Communications N.V. announces the agreements concluded by Digi Romania (formerly named RCS & RDS S.A.), the Romanian subsidiary of the Company
- Green Light for Henri Hotel, Restaurants and Shops in the “Alter Fischereihafen” (Old Fishing Port) in Cuxhaven, opening Summer 2026
- Digi Communications N.V. reports consolidated revenues and other income of EUR 447 million, adjusted EBITDA (excluding IFRS 16) of EUR 140 million for Q1 2024
- Digi Communications announces the conclusion of Facilities Agreements by companies from Digi Group
- Digi Communications N.V. Announces the convocation of the Company’s general shareholders meeting for 25 June 2024 for the approval of, among others, the 2023 Annual Report
- Digi Communications NV announces Investors Call for the presentation of the Q1 2024 Financial Results
- Digi Communications intends to propose to shareholders the distribution of dividends for the fiscal year 2023 at the upcoming General Meeting of Shareholders, which shall take place in June 2024
- Digi Communications N.V. announces the availability of the Romanian version of the 2023 Annual Report
- Digi Communications N.V. announces the availability of the 2023 Annual Report
- International Airlines Group adopts Airline Economics by Skailark ↗️
- BevZero Spain Enhances Sustainability Efforts with Installation of Solar Panels at Production Facility
- Digi Communications N.V. announces share transaction made by an Executive Director of the Company with class B shares
- BevZero South Africa Achieves FSSC 22000 Food Safety Certification
- Digi Communications N.V.: Digi Spain Enters Agreement to Sell FTTH Network to International Investors for Up to EUR 750 Million
- Patients as Partners® Europe Announces the Launch of 8th Annual Meeting with 2024 Keynotes and Topics
- driveMybox continues its international expansion: Hungary as a new strategic location
- Monesave introduces Socialised budgeting: Meet the app quietly revolutionising how users budget
- Digi Communications NV announces the release of the 2023 Preliminary Financial Results
- Digi Communications NV announces Investors Call for the presentation of the 2023 Preliminary Financial Results
- Lensa, един от най-ценените търговци на оптика в Румъния, пристига в България. Първият шоурум е открит в София
- Criando o futuro: desenvolvimento da AENO no mercado de consumo em Portugal
- Digi Communications N.V. Announces the release of the Financial Calendar for 2024
- Customer Data Platform Industry Attracts New Participants: CDP Institute Report
- eCarsTrade annonce Dirk Van Roost au poste de Directeur Administratif et Financier: une décision stratégique pour la croissance à venir
- BevZero Announces Strategic Partnership with TOMSA Desil to Distribute equipment for sustainability in the wine industry, as well as the development of Next-Gen Dealcoholization technology
- Editor's pick archive....