Carbon budget

DEFINITION: The UK Government has set five-yearly carbon budgets which currently run until 2032. They restrict the amount of greenhouse gases the UK can legally emit in a five-year period. The UK’s Fifth carbon budget aims to limit the annual emissions to 57% below 1990 levels by the year 2032.

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Khan's damning letter has been sent to the Secretaries for Housing and BEIS, as well as the London Minister and 10 Downing Street. Image: City Hall 

Government's plans for low-carbon homes are 'a step backwards' on climate, London Mayor warns

London Mayor Sadiq Khan has urged Ministers to improve plans for decarbonising the UK's built environment sector, claiming that the capital and other cities are already going further and faster in the face of the climate emergency.

National Grid has also pledged to spur the reduction of emissions that are outside of its direct control

National Grid commits to net-zero emissions target for 2050

The National Grid has announced a commitment to reduce its direct greenhouse gas emissions to net-zero by 2050, the same timeframe as the UK Government's legislative target.

Nine of the companies have set a 2050 deadline to achieve net-zero, while four set a date of 2025 or 2030

Just one in 10 of world's largest energy firms have net-zero targets, report finds

Just 10% of the world's largest 132 coal, electricity and oil and gas companies have set time-based commitments to reduce their greenhouse gas emissions to net-zero, with just three companies also pledging to reduce indirect emissions as well.

Since 2011, the global proved reserves of oil and gas have increased

Oil and gas giants must cut production by a third to meet climate targets

The world's largest oil and gas companies must cut combined production by 35% by 2040 if nations are the meet the collective ambitions of the Paris Agreement and limit global warming to below 2C, a new report from Carbon Tracker has found.

Landsec needs to ensure that the reduction levels remain the same for the end of Q4

Landsec hits science-based targets 11 years early

Commercial real estate firm Landsec has met its verified science-based target 11 years ahead of schedule, with the company's latest quarterly energy data revealing that carbon intensity has fallen by 40%.

Businesses are gearing up to redefine their purpose

10 ways business leadership will evolve during a crucial decade for sustainability

Sustainability experts and thought leaders were in attendance at edie's Sustainability Leaders Forum to outline how the role of business in a society battling social and environmental crises like never before will change.

ClimateCare’s chief executive Vaughan Lindsay was speaking on day one of the Sustainability Leaders Forum

edie's publisher Faversham House expands ClimateCare partnership to offset event travel emissions

edie's publishing company Faversham House has announced an expansion to its partnership with ClimateCare to offset all carbon emissions from speaker and delegate travel across all its events throughout 2020.

PMI workers at a factory in Bologna. Image: PMI

Philip Morris to make all its factories carbon neutral by 2030

Cigarette giant Philip Morris International (PMI) has announced its intention to make all of its factories carbon neutral by 2030, after its Klaipeda factory in Lithuania reached the status.

The analysis forecasts inadequate emissions reductions across sectors including energy, transport and the built environment. Image: The coal-fired Ratcliffe on Soar Power Station. Roger Kidd, CC BY 2.0

UK set to breach fifth carbon budget, despite setting net-zero goal

The UK is still set to miss its fifth carbon budget despite the creation of a legally-binding net-zero target for 2050 last year, new analysis has found.

The facility could become operational in October 2023. Image: Drax

'Risking a carbon budget blowout': UK Government gives go-ahead to Drax gas plant

The UK Government is "risking a carbon budget blowout" by overruling a recommendation from its planning authority in order to give the green light to Drax's large-scale gas power plant, which had been refused on climate grounds.

Town halls such as Birmingham (pictured) will be taking drastic action as they accelerate their journeys to net-zero with the climate emergency. 

edie's guides to net-zero carbon continues with the public sector

The fifth report in the series of edie guides on net-zero carbon has launched with a focus on the public sector.

Professor Mercedes Maroto-Valer. Image Heriot-Watt University

Industrial Decarbonisation Champion to steer £20m innovation centre for net-zero transition

Professor Mercedes Maroto-Valer has been appointed as an "Industrial Decarbonisation Champion" to oversee the development of a £20m research and innovation centre at Edinburgh's Heriot-Watt University that will drive the delivery of the UK's net-zero emissions target.

Pictured: AstraZeneca's R&D hub in China 

Ambition Zero Carbon: AstraZeneca targets carbon-negativity by 2030

Pharmaceutical giant AstraZeneca has pledged to become carbon-negative across its entire value chain by 2030, with an interim ambition of reaching net-zero operational carbon emissions from operations by 2025.

Mission Possible: Achieving a net-zero carbon future for manufacturing

As the movement towards net-zero carbon takes hold across the commercial sector, this fresh insight report looks at how manufacturing companies are driving forward their own goals.

Microsoft will launch a $1bn climate innovation fund, using its own capital, to help develop carbon reduction and removal technologies

'Neutral is not enough': Microsoft pledges to become carbon-negative by 2030

Tech giant Microsoft has today (16 January) unveiled a bold new plan to reduce its carbon impact to below net-zero by 2030, with an additional goal of removing carbon from the atmosphere that the company has emitted since it was founded in 1975.

John Dunne, Wates' group health, safety, environment and quality director

Wates Group targets zero waste and carbon by 2025

Private-owned construction firm Wates Group has committed to new goals that target zero waste from all onsite operations and zero carbon emissions from operations and vehicle fleets by 2025.

First Minister Nicola Sturgeon at the unveiling of the buses

Electric buses to operate in Glasgow for first time in 60 years

Electric buses will run on a commercial route in Glasgow for the first time since the 1960s, after bus operator First Glasgow introduced two new vehicles to assist with the city's net-zero aspirations.

How many of the below will you take on this year?

20 New Year's resolutions for sustainability professionals in 2020 and beyond

A new decade is upon us, and as the window to reverse and alleviate the climate crisis shortens, new long-term targets can provide sustainability professionals with the motivation and drive to transform their organisations into forces of good.

The initiative is open to businesses of all sizes and sectors. Image: The Climate Group 

New initiative to help business minimise climate impacts of cooling

The Climate Group has launched a new initiative aimed at helping businesses to improve the energy efficiency of their cooling processes and to decarbonise their cooling systems.

Vote using the function at the bottom of this piece to choose your defining moment of the 2010s

A decade in review: Vote for the defining sustainability moment of the 2010s

As the 2010s draw to a close, edie has analysed the key moments and announcements that push sustainability and climate action from a niche activity to a global necessity. Cast your vote to decide which of the seven moments was most profound.

edie's guides to net-zero carbon continues with construction sector

The fourth report in the series of edie guides on net-zero carbon has launched with a focus on the construction sector.

The energy company’s EV Everywhere platform enables drives to choose from a free charger or a two-year fixed energy plan to procure 100% green energy

OVO Energy and Mitsubishi forge net-zero transport partnership

OVO Energy and Mitsubishi Motors have announced a new UK partnership to help accelerate the decarbonisation of the transport sector in order to assist with the legally enshrined net-zero target for 2050.

CCUS incubation area, Drax Power Station, North Yorkshire

COP25: Drax to become carbon negative by 2030

UK energy company Drax will announce ambitions to become carbon negative by 2030 at the UN's COP25 climate summit in Madrid today (Tuesday, December 10).

Iceland was criticised by Feedback for failing to stock any meat sourced through sustainable certification schemes

UK supermarkets accused of over-producing low-quality meat

Anti-hunger charity Feedback is calling for big-name UK supermarkets such as Iceland, Lidl and Asda to offer "less and better" meat, in order to minimise their climate impacts.

The report notes that decarbonisation through coal phase-outs can only be banked once

Report: annual 10% decarbonisation rate needed to meet UK's net-zero target

The UK will have to deliver annual carbon intensity reductions of 10% to meet its net-zero legislation for 2050, up from less than 4% currently, according to a new study from professional services firm PwC.

Heat currently accounts for 15% of the UK's annual greenhouse gas emissions

ENA calls for mandatory hydrogen boilers as CBI outlines new sustainability vision

Replacing existing gas boilers with hydrogen-ready devices should be mandatory when they reach the end of their life, the Energy Networks Association (ENA) has urged in its general election manifesto.

The Pledge aims to unite the entirety of the sector in line with the UK's national net-zero target. Image: WSP

Environmental consultancies team up to launch sector-wide 'Pledge to Net-Zero'

Environmental consultancies WSP and AECOM have teamed up to launch a new pledge campaign, urging companies from across the environmental services sector to set science-based targets and report annually on decarbonisation progress.

The Midlands airport is one of the first to commit to net-zero

Birmingham Airport sets net-zero carbon target for 2033

Birmingham Airport has set a commitment to become a net-zero carbon airport by 2033, noting that it has a "big opportunity" to reduce emissions via onsite renewable generation and would also minimise the use of carbon offsets.

REA's Nina Skorupska: Business holds 'untapped potential' to achieve net-zero

EXCLUSIVE: REA's chief executive Nina Skorupska has claimed at an edie event that declarations of a 'climate emergency' must be backed up by robust net-zero emissions and clean energy strategies from business, to avoid the term becoming "greenwash or rhetoric".

Zalando will set a science-based target in 2020

Zalando: Net-zero targets the first step to net-positive businesses

EXCLUSIVE: Zalando's director of corporate responsibility and sustainability Kate Heiny believes that operating at net-zero emissions both operationally and across the value chain can act as a catalyst for businesses to truly move beyond mitigation and "less bad" to help regenerate the planet.

Sajid Javid's Review will be published in autumn 2020. Photo: Foreign and Commonwealth Office [CC BY 2.0 (https://creativecommons.org/licenses/by/2.0)]

Treasury launches Net-Zero Review to measure costs of decarbonisation

The Chancellor of the Exchequer Sajid Javid has today (2 November) launched the Net-Zero Review, the first of its kind, which will assess how the UK can manage the transition to a low-carbon economy.

Grangemouth (pictured) is one of the key industrial clusters the Government is seeking to decarbonise

UK Government launches business fund to deliver net-zero industrial clusters

The UK Government has opened two innovation funds aimed at helping businesses plan and deploy technology to help reach net-zero emissions by 2050.

According to the ONS, China was accountable as the biggest source of imported emissions, representing 82 million tonnes in 2015

Territorial emissions: ONS data shows 35-year difference in UK peak emissions

The Office for National Statistics (ONS) has found that the UK's emissions peaked in 2007, rather than 1972, if territorial emissions from imports abroad were taken into account.

Image: Wikipedia/Foreign and Commonwealth Office

Prime Minister Boris Johnson to chair Government climate change sub-committee

Prime Minister Boris Johnson has been revealed as the chair for a new Cabinet committee on climate change that will drive progress towards net-zero across all areas of Government.

Bentley Motors installed a solar carport at the site, consisting of 10,000 solar modules. The array has a 2.7MW capacity covering 1,378 parking spaces

Bentley achieves carbon-neutral certification at solar-powered Crewe plant

Bentley Motors' corporate headquarters and main manufacturing facility in Crewe has achieved carbon-neutral certification, with a solar-powered carport, green energy contracts and carbon offsets used to decarbonise the plant.

According to the World Health Organization, nine in 10 citizens around the world breathe dirty air, with seven people dying prematurely due to health problems linked to air pollution

London joins global cities on 'race to the top' for clean air

The mayors of 35 cities, including London, Los Angeles and Milan, have signed a new declaration to tackle the dangers of air pollution and the climate crisis by pledging to improve air quality through measures that go above and beyond existing national commitments.

Jackson believes that closed-loop, low-carbon supply chains will be a huge advantage for Apple

How closed-loop supply chains are spurring Apple's decarbonisation efforts

EXCLUSIVE: Apple's vice president of environment, policy and social initiatives Lisa Jackson believes that companies should look at the synergies between the circular economy and decarbonisation in order to create resilient supply chains.

Total will be able to reduce the overall cost of the integration process. Image: Total

Total signs cleantech deal to produce hydrogen at refineries

French energy giant Total has signed a cooperation agreement with the Sunfire cleantech company to integrate capture waste heat and CO2 at a German refinery to create synthetic methanol and hydrogen to be used to reduce energy and transport emissions.

edie's guides to net-zero carbon continues with manufacturing sector

The second report in the series of edie guides on net-zero carbon has launched with a focus on the manufacturing sector.

The masterclass will be available to watch on-demand afterwards for those who have registered

Now on demand: edie's masterclass on Streamlined Energy & Carbon Reporting for business

edie's 45-minutes masterclass, now on demand, saw experts from Inspired Energy outline how businesses can get to grips with the Streamlined Energy and Carbon Reporting (SECR) framework.

Around 27% of the UK's greenhouse gas emissions were attributable to the supply of energy in 2018, with almost all of this being CO2

edie explores what net-zero carbon looks like for UK utilities in new sector insight report series

Following the UK's world-leading commitment to reach net-zero emissions by 2050, edie has launched a brand-new series of insight reports which investigate how particular industries can achieve rapid decarbonisation, starting with the utilities sector.

More than a third of the companies analysed are not disclosing their carbon emissions. Stock image of factory in China 

Most of world's biggest firms 'unlikely' to meet Paris climate targets

More than four-fifths of the world's largest companies are unlikely to meet the targets set out in the Paris climate agreement by 2050, according to fresh analysis of their climate disclosures.

In 2018, renewable energy growth reached 7.2%, its highest since 2010, but still accounts for less than 12% of the energy system

Global decarbonisation efforts 'stall', pushing climate goals out of reach

Global decarbonisation efforts will need to be seven times greater than current efforts, if the world is to stand a fair chance of limiting global warming to 1.5C, according to a new PwC report which found that the rate of global decarbonisation has slowed to its lowest level since 2011.

Almost 600 companies have committed to climate action through the SBTi, but the majority of these targets are aligned to 2C. Image: EN+ Group

Aluminium giant EN+ Group to develop net-zero strategy

Aluminium and hydropower giant EN+ Group has committed to develop emissions targets in line with a 1.5C trajectory within 24 months.

BEIS has also announced £350m of new funding alongside the grants – £100 million for a competition to boost hydrogen production and £250m for a new Clean Steel Fund

Government sets aside funds to explore low-carbon hydrogen

The government has awarded 20 projects a share of £7 million to explore innovative ways of making and using low-carbon hydrogen.

The company has faced criticism from green groups but is keen to move forward. Image: Ryanair

Ryanair: 'We're reviewing everything around environmental sustainability'

EXCLUSIVE: Amid increasing pressure from the general public, policymakers and investors, Ryanair's first director of sustainability has said the airline is reviewing its environmental targets and processes.

The UK's heat networks currently serve about 500,000 customers, but this could rise to five million by mid-century 

UK's low-carbon heat networks receive £40m Government boost

The Government has outlined how it will allocate £40m to bring seven new low-carbon heat networks online across London, Leeds, Liverpool and Bristol.

Pictured: Signatories to the emergency declaration.

Bristol City Council declares 'ecological emergency', invests in battery storage

Bristol City Council has this week passed a motion to declare an 'ecological emergency' and approved plans to install a battery storage unit at City Hall.

The trade body has set out recommendations for tackling fuel poverty, energy waste in homes and businesses and protecting vulnerable customers on the road to net-zero

Energy UK calls for tax-funded energy efficiency scheme

Trade body Energy UK has proposed that general taxation is used to fund a national energy efficiency programme.

Lloyds is one of six firms to have signed all three of the commitments

Lloyds Banking Group commits to net-zero fleets and 100% renewable electricity

Lloyds Banking Group has today (6 February) joined all three of The Climate Group's business sustainability initiatives, committing to source 100% renewable electricity, reach net-zero fleets and improve energy productivity.

WATCH: Jonathon Porritt's inspiring Lifetime Achievement Award acceptance speech

edie's Lifetime Achievement Award-winner Jonathon Porritt, founder-director of Forum for the Future, delivered a rousing call to action to the private sector to "recarbonise" the planet by forging partnerships that pull carbon out of the atmosphere and assist with the ongoing net-zero transition.

The UK Green Building Council supported Barratt through its target development

UK's largest housebuilder sets 1.5C-aligned emissions targets

Barratt Development has committed to reducing direct and indirect carbon emissions in line with the Paris Agreement's more ambitious 1.5C trajectory.

The UK Government has just moved the ban on new petrol and diesel car sales forward to 2035. Image: OVO Energy

Northern Powergrid and OVO Energy make fresh bids to spur EV uptake

Northern Powergrid has launched a new digital tool to help business customers install electric vehicle (EV) charging points, in the same week that OVO Energy partnered with Mitsubishi to offer free EV miles to individual customers.

WATCH: Mary Robinson on net-zero, climate justice and being 'prisoners of hope'

Chair of The Elders and former president of Ireland Mary Robinson delivered an inspiring keynote speech to kickstart edie's Sustainability Leaders Forum, which is available to watch in-full.

Robinson said that nations couldn't look to make themselves net-zero while continuing to fund polluting projects in developing countries

Mary Robinson: Business and governments must avoid net-zero 'hypocrisy'

EXCLUSIVE: The former president of Ireland Mary Robinson has claimed that net-zero commitments made by governments and corporates must lead to a "just transition" that also combats the "hypocrisy" of ignoring fossil fuel developments further afield.

Sky has recorded a 55% reduction in carbon intensity and a 39% reduction in business travel emissions

'A critical decade': Sky commits to net-zero emissions by 2030

Broadcaster Sky has today (4 February) unveiled a new commitment to achieve net-zero carbon emissions by 2030 through strategies to make its products more energy efficient, its film and TV more sustainable and by engaging consumers and the value chain to "go zero".

The cement industry is one of the high-emitting sectors which the study researched.

Report: Heavy industry making "slow progress" on Paris Agreement

A new study has shown there has been slow progress on climate action in high-emitting industries, with just one in five corporates operating in line with a 2C trajectory. 

Boris Johnson and Mark Carney will be two of the key figures attending COP26 later this year

COP26: Boris Johnson to move diesel ban forward to 2035 and call for global net-zero transition

UK Prime Minister Boris Johnson will use the COP26 climate conference to call on other nations to follow the UK in setting a net-zero target and is also set to reveal plans to move the ban on the sale of new petrol and diesel cars forward five years to 2035 as part of a "year of climate action".

Image: Asda 

Asda pledges to halve emissions by 2025

Asda has committed to halving its Scope 1 (direct) and Scope 2 (power-related) emissions by 2025, under new targets which it claims are aligned with a 1.5C trajectory.

It is the first major awards season event to tout carbon neutrality. Image: Stuart Chalmers, CC BY 2.0

Bafta delivers its first carbon-neutral ceremony

Bafta has invested in a string of initiatives to decarbonise and reduce the resource impact of its 2020 film awards ceremony, which took place in London this Sunday (2 January).

The plan includes fresh funding, a new regulatory approach, and promises to change processes for collaboration with policymakers and industry. Pictured: The Walney Wind Farms

Ofgem sets out nine-point plan to prioritise climate crisis

Britain's energy regulator has said it will change how it governs the industry to help meet the government's climate targets, after coming under fire for failing to prioritise the climate emergency.

Congratulations to all our deserved winners

Sustainability Leaders Awards 2020: Winners revealed at glittering ceremony in London

Barry Callebaut, Ikea, P&G and Toast Ale were among the big winners of edie's 2020 Sustainability Leaders Awards, announced at an awards ceremony in London on Wednesday evening (5 February).

The company's carbon-neutral strategy revolves around energy efficiency, renewables and offsetting. Image: EY 

EY targets carbon neutrality by end of 2020

Professional services giant EY has pledged to become a carbon-neutral business by the end of the year, through investments in decarbonising its operations and in carbon offsetting schemes.

£3.7bn is equivalent to around 3% of the NHS's annual spend. Image: Francis Tyers, CC BY 3.0 

Report: Stronger green policies for transport and homes would save NHS £3.7bn each year

By implementing stronger policies around walking, cycling, electric vehicles and energy efficiency in homes, the Government could save the NHS at least £3.7bn per year.

TODAY AT 1PM: register for edie's next webinar on net-zero energy strategies

edie readers have only have only a few hours left to register for the next free webinar masterclass on decarbonising energy and evolving energy strategies to meet net-zero goals.

A Drax spokeswoman said the company’s ambition was to be removing, not adding carbon to the atmosphere, by 2030

UK sued for approving Europe's biggest gas power station

The UK government is being sued for approving a large new gas-fired power plant, overruling the climate change objections of its own planning authority.

National Grid is targeting net-zero by 2050, with its ESO claiming it will be ready to handle zero-carbon power by 2025 

Electricity and gas networks 'failing to show true leadership on net-zero'

The RIIO2 challenge group has lamented a lack of "true leadership" among network operators on subject of decarbonisation, stating that none of the companies that submitted business plans to Ofgem in December have been "genuinely proactive".

The procurement in 2019 was almost triple the levels recorded two years prior 

Corporate clean energy contracts grew by 40% in 2019

Corporate purchasing of clean energy contracts reached almost 20 gigawatts (GW) in 2019, an increase of more than 40% on the previous year's record, according to new analysis from BloombergNEF (BNEF).

The taskforce will publish its first two analyses to coincide with COP26

Businesses team up to launch net-zero infrastructure taskforce

Industry bodies representing hundreds of firms across the engineering and environmental technologies sectors have partnered to analyse how the UK's infrastructure should be redesigned to meet net-zero by 2050.

140,000 existing 'green-collar' roles will need filling, while a further 260,000 must be created, the analysis concludes 

National Grid: 400,000 energy jobs must be filled to hit net-zero

More than 117,000 roles will need to be filled in the energy sector by 2030, and a further 283,000 by 2050, if the UK is to meet its net-zero target.

Sainsbury’s will work with suppliers to help them set individual net-zero commitments

Sainsbury's commits £1bn to become net-zero by 2040

Supermarket retailer Sainsbury's has pledged to invest £1bn over the next 20 years in order to become a net-zero business across its own operations.

UK charitable foundations provide more than £4bn of funding every year 

Comic Relief among charities pledging to end fossil fuel investments

Comic Relief, Power to Change, and Guy's and St Thomas' Charity are the latest organisations that have committed to end all fossil fuel investment and adopt a new ethical approach to investing, after joining the Funder Commitment on Climate Change.

The Partnership has also warned that organisations and investment managers that fail to demonstrate reduced exposure to climate risks could be voted against 

Brunel Pension Partnership launches new finance strategy to align with net-zero future

The group overseeing £30bn worth of investments for 10 local government pension scheme funds has pledged to align its management practices with the Paris Agreement.

Pictured clockwise from top left: The Congress Centre; plastics campaigner Melati Wijsen; activist Greta Thunberg and UN Secretary-General Antonio Guterres. Images: WEF

Davos 2020: Calls to climate action and everything else you may have missed

Over the past few days, reports and announcements around sustainability have been launched at a pace, as more than 3,000 business leaders, policymakers and thought leaders and Bill Nye gathered in Davos for the World Economic Forum (WEF). This round-up highlights the key green talking points that you need to know.

Gresham House's recently acquired 49MW Red Scar battery is to be optimised against the wholesale markets. Image: Gresham House

Gresham House inks deal to optimise 74MW of storage capacity

UK-based grid battery owner Gresham House has agreed to a multi-year deal with Habitat Energy to optimise 74MW of energy storage capacity, which will see machine learning applied to maximise the value of the assets and extend their lifespan.

The Alliance will support the electrification of transport and logistics fleets across North America 

Big names including Amazon and Ikea spearhead new corporate EV alliance

A new alliance aimed at helping businesses to accelerate the transition to electric vehicles (EVs) is being spearheaded by some of the world's most recognisable corporates, including Amazon, Ikea and Siemens.

Staff and students at the University of Worcester

Worcester and London universities to trial sustainable diets behaviour change programme

Students at the University of Worcester, City and the University of London will take part in a new European trial designed to change behaviours and promote sustainable diets and climate-friendly meals.

An artist's impression of the Gravity campus. The facility has been designed with built-in green features such as low-carbon materials, electric vehicle chargers and buildings with passive daylighting. 

UK's first 'smart' commercial hub signs 50-year clean energy innovation deal with E.ON

The developers of what purports to be the UK's first "smart" commercial campus have singed a 50-year deal with E.ON, that will see the utility giant develop, test and scale-up clean energy solutions in the west country.

Unlike previous ambitions, Microsoft's new target covers Scope 3 emissions. Pictured: Microsoft's flagship UK store on Oxford Street, London. 

'Transformation through transparency': How Microsoft will collaborate to meet its carbon-negative goals

EXCLUSIVE: As it strives to meet its boldest sustainability target to date - becoming "carbon-negative" by 2030 - Microsoft will need to forge innovative collaborations with businesses across and beyond its supply chain.

The Government is aiming to spread the funding across all UK regions 

Government boosts funding for on-street EV charging

The government has doubled its funding for the installation of electric vehicle (EV) chargers on residential streets to £10 million.

The report outlines how oil and gas firms could change their investment approaches in line with the Paris Agreement

IEA: Oil and gas firms investing less than 1% of funds in low-carbon transition

Of the investments collectively made by the world's largest public, private and state-owned oil and gas giants in 2018, less than 1% went towards low-carbon activities such as building renewable energy infrastructure or installing carbon capture, usage and storage (CCUS) technologies.

The pledge will cover all 11 of Lloyds Banking Group's brands

Lloyds Banking Group to halve carbon emissions of investments by 2030

Lloyd's Banking Group has pledged to halve the carbon emissions generated by projects it finances by 2030, in support of the UK's 2050 net-zero target.

More than 3,000 business leaders, policymakers, thought leaders and celebrities are due to gather in Switzerland for the Forum this week

World Economic Forum calls on business chiefs to set net-zero targets

All business leaders and companies attending the World Economic Forum in Davos this week have been asked to make public commitments to achieving net-zero emissions by 2050 or earlier.

There are also other environmental impacts to consider beyond carbon impacts

Businesses not examining carbon impact of plastics alternatives, edie survey finds

An edie survey of almost 300 sustainability and resource professionals has found that almost 50% of businesses haven't examined the carbon impact of single-use plastics alternatives, amidst growing calls for businesses to intertwine actions on plastics and climate change.

ONS employment figures show that the UK is home to more "green-collar" jobs than in 2015, but fewer than in 2014 

Latest Government figures spark fears that UK's green economy is 'stagnating'

The latest Government figures reveal that turnover in the UK's low-carbon economy was £46.7bn in 2018, up from £40.5bn in 2015. But the 2018 figure is still equivalent to just 1% of national non-financial turnover, experts have warned.

All UK businesses will be required to reach net-zero by 2050, with the survey exploring how they plan to make this transition 

Survey: Lack of know-how hampering net-zero progress from businesses

Ever more UK businesses are targeting net-zero by, or ahead of, the Government's 2050 deadline. But half of businesses with net-zero targets are struggling to plan to deliver against them, a new survey has found.

Pictured: A rooftop solar array at PepsiCo's HQ in Harrison, NY. 

Visa and PepsiCo celebrate 100% renewable electricity milestones

Visa has met its target to use 100% renewable electricity across its global operations, in the same week that PepsiCo announced that 100% of the electricity used across its US operations will be renewable by the end of 2020.

The much-anticipated fund was unveiled on Tuesday 

EU unveils €100bn fund for 'just' low-carbon transition - which excludes nuclear

The EU's regional policy Commissioner Elisa Ferreira revealed on Tuesday (14 January) details of the €100 billion Just Transition Mechanism, a key financial component of the European Green Deal that should make the bloc climate neutral by 2050.

Image: Ardfern, CC BY 3.0 

Green groups slam Government proposals to cut air passenger duty amid FlyBe rescue plans

Green groups have criticised Ministers for considering measures to cut air passenger duty on domestic return flights, accusing the government of placing short-term plans to rescue FlyBe from collapse over its long-term climate targets.

The plan builds on the firm's existing pledge to reach net-zero carbon by 2021 

Forster Communications targets 'climate-positivity' by 2023

Social change PR agency Forster Communications has pledged to become 'climate-positive' by 2023, reversing and mitigating more negative environmental impacts than it generates through its direct and indirect actions.

Fink asked for businesses to provide better data and disclosure on all ESG aspects

BlackRock's Larry Fink to CEOs: 'Purpose is the engine of long-term profitability'

BlackRock's chief executive Larry Fink has warned businesses that a "fundamental reshaping of finance" is happening at pace and that businesses need to put climate action at the heart of decision-making processes in order to remain profitable.

Beanland said the higher levies imposed on electricity supply vis-a-vis gas also needs to be addressed by policymakers

Government urged to target one million heat pumps a year by 2035

The UK must invest in ground source heat pump infrastructure in the 2020s, just as previous generations ploughed money into the gas and water grid, in order to help kickstart the fledgling sector.

The UK will be required to build 9-12GW of energy generation capacity annually to reach the net-zero target

Urgent boost to offshore wind and CCS required for UK's net-zero target, report finds

The UK will need to facilitate a four-fold increase in low-carbon energy, including expanding offshore wind capacity by up to 75GW, in order to reach its net-zero emissions commitment for 2050.

Quorn claims the greenhouse gas (GHG) impact of its Mycoprotein is 90% lower than beef

Quorn rolls out carbon footprint labelling

Quorn Foods is introducing labels detailing the carbon footprint of its products to some of its most popular lines, as consumer interest in the climate impact of groceries rises.

Pictured: The National Trust’s director-general Hilary McGrady unveiling the new strategy at the Barbican Centre in London

National Trust to plant 20 million trees in bid to become net-zero by 2030

The National Trust has unveiled a plan to become net-zero carbon by 2030, which features one of the UK's biggest forest expansion projects.