Tag Archives: net zero

EIB Funds Beccs Stockholm, Pioneering Negative Emissions Technology to Outpace Stockholm Traffic Emissions

(IN BRIEF) The European Investment Bank has granted a €260 million loan to Stockholm Exergi to construct Sweden’s first large-scale BECCS facility at Värtaverket, expected to be operational by 2028. The project, Beccs Stockholm, will capture up to 800,000 tonnes … Read the full press release

REN Advances Sustainability with Ambitious Emission Reduction Targets and Strategic 2027 Plan

(IN BRIEF) REN – Redes Energéticas Nacionais is gaining international acclaim for its improved ESG performance, as evidenced by upgraded ratings from major sustainability assessors such as S&P Global, Carbon Disclosure Project, Morgan Stanley, ISS ESG, and Sustainalytics. Recognized as … Read the full press release

University of East London Teams Up with Siemens to Harness Thames Heat for Major Campus Decarbonization

(IN BRIEF) The University of East London is expanding its strategic partnership with Siemens Smart Infrastructure by installing a state-of-the-art water source heat pump that harnesses thermal energy from the River Thames. This pioneering system, set to replace gas boilers … Read the full press release

M&S Food and Neighbourly Achieve Milestone with 100 Million Meal Donation to UK Communities

(IN BRIEF) Over the past decade, M&S Food and Neighbourly have donated surplus food equivalent to 100 million meals, supporting over 4.7 million people across the UK through more than 3,000 local charities. With nearly every M&S store actively contributing, … Read the full press release

SSE’s Martin Pibworth Appointed CBI Scotland Chair to Lead Efforts on Sustainable Growth and Green Innovation

(IN BRIEF) Martin Pibworth, Chief Commercial Officer at SSE, has been appointed Chair of CBI Scotland, succeeding Jennifer Young. With extensive experience in sustainability and the net zero sector, Pibworth will focus on promoting long-term growth and addressing key issues … Read the full press release

University of Liverpool Drives Key Projects to Decarbonise Healthcare and Support NHS Sustainability

(IN BRIEF) The University of Liverpool is leading two critical projects focused on decarbonising healthcare. The Greener Trials project, led by Professor Paula Williamson, aims to reduce the carbon footprint of clinical trials through an open science approach, collaborating with … Read the full press release

Rothesay Commits £150m to Boost UK Social Housing Retrofit with NWF and THFC

(IN BRIEF) Rothesay has committed £150m to a new unsecured debt facility for social housing retrofitting, launched by the National Wealth Fund (NWF) and The Housing Finance Corporation (THFC). The facility, with an initial £150m guarantee from the NWF, enables … Read the full press release

KKR Expands Stake in Enilive with €587.5 Million Investment to Strengthen Sustainable Mobility Strategy

(IN BRIEF) KKR has increased its stake in Enilive by purchasing an additional 5% of the company’s share capital, with a €587.5 million investment. This move aligns with KKR’s previously announced commitment and underscores the market’s confidence in Enilive’s business … Read the full press release

British Gas to Create 400+ Apprenticeship Roles in 2025 to Support Net Zero Goals and Drive Career Diversity

(IN BRIEF) British Gas has announced it will offer over 400 apprenticeship roles in 2025 as part of its effort to accelerate the transition to a net zero future. The apprentices will help with energy efficiency, boiler repairs, and the … Read the full press release

wpd Secures Long-Term Power Purchase Agreement with LyondellBasell for Licata Wind Farm in Italy

(IN BRIEF) wpd has signed a ten-year PPA with LyondellBasell for the Licata onshore wind project in Sicily. The project, featuring seven Vestas turbines, will generate 79,000 MWh annually, supporting LyondellBasell’s emissions reduction efforts. This partnership underscores LyondellBasell’s commitment to … Read the full press release

UK-Saudi Collaboration to Establish Joint Institute for Clean Hydrogen

(IN BRIEF) A consortium of British universities, including Newcastle, Northumbria, Teesside, Durham, and Cranfield, is collaborating with Saudi Arabian universities and industrial partners to establish a Joint International Institute for Clean Hydrogen. Announced by UK Prime Minister Keir Starmer during … Read the full press release

Integrated Wind Solutions Partners with NIB to Drive Offshore Wind Innovation Toward Net Zero

(IN BRIEF) Integrated Wind Solutions (IWS), a Norway-based company focused on the offshore wind industry, is advancing its commitment to renewable energy through a comprehensive range of services that support the entire lifecycle of offshore wind farms. Established in 2020 … Read the full press release

Beiersdorf Sets Bold Net Zero Targets by 2045, Reinforcing Commitment to Sustainability at Hamburg Conference

(IN BRIEF) Beiersdorf, a leading skincare company, has announced its ambitious sustainability goals during the Hamburg Sustainability Conference. The company aims to achieve Net Zero emissions by 2045 and intends to reduce emissions across its entire value chain by 90%. … Read the full press release

Barry Callebaut Sets Path to Net Zero by 2050 with New Decarbonization Roadmap

(IN BRIEF) Barry Callebaut has launched its Net Zero Roadmap, outlining its plan to fully decarbonize its value chain and reach Net Zero emissions by 2050. The roadmap sets an interim target of reducing emissions by 30% by 2030, focusing … Read the full press release

Barclays Cuts Interest Rates on Green Loans to Help UK Farmers Transition to Net Zero

(IN BRIEF) Barclays has reduced interest rates on four of its Green Loans for Business to support UK agriculture and SMEs in their efforts to reduce emissions and enhance biodiversity. This move is part of Barclays’ commitment to financing the … Read the full press release

EIB Grants €50 Million to Upgrade Slovenia’s Electricity Grid, Boosting Renewable Energy and Grid Reliability

(IN BRIEF) The European Investment Bank (EIB) has provided a €50 million loan to Slovenia’s largest energy distribution company, Elektro Ljubljana, to expand and upgrade the electricity grid in the central and southeastern regions of the country. The project, which … Read the full press release

NatWest and BCG Report Highlights £900 Billion Investment Requirement for UK’s Net Zero Energy Supply

NatWest Survey: UK Regional Business Activity Slows in July 2023, Employment Holds Steady while Inflation Trends Vary

(IN BRIEF) NatWest and Boston Consulting Group (BCG) have released a report emphasizing the substantial financial investment needed to achieve a net-zero energy supply in the UK by 2050, estimating the capital expenditure requirement at over £900 billion. This investment … Read the full press release

BASF Commits to Scope 3.1 Emission Reductions, Targets Net Zero by 2050

(IN BRIEF) BASF, a major player in the chemical industry, has announced new sustainability commitments, including targets for Scope 3.1 emissions. The company aims to reduce its specific Scope 3.1 emissions by 15% by 2030 compared to 2022 levels. This … Read the full press release

Schneider Electric to Advocate for Rapid and Equitable Net-Zero Transition at COP28

(IN BRIEF) Schneider Electric, a leader in energy management and automation, is participating in the COP28 United Nations Climate Change Conference in Dubai. The company’s CEO and Chairman will attend the conference to advocate for an accelerated and equitable transition … Read the full press release

DNV Calls for Urgent Policy Changes and Tech Advancements in Net Zero Emissions Report

(IN BRIEF) DNV’s “Pathway to Net Zero Emissions” report emphasizes the need for immediate and lasting emissions reductions to limit global warming to 1.5°C. The report acknowledges that achieving a fully fossil-free energy system by 2050 is unrealistic and instead … Read the full press release