Month: April 2024

Global Clean Energy Investment Jumps 17%, Hits $1.8 Trillion in 2023, According to BloombergNEF Report

Stuart Mitchell

Global investment in the low-carbon energy transition surged 17% in 2023, reaching $1.77 trillion, according to Energy Transition Investment Trends 2024, a report published today by research provider BloombergNEF (BNEF). This number is a new record level of annual investment and demonstrates the resilience of the clean energy transition in a year of geopolitical turbulence, high interest rates and cost inflation. The report finds that electrified transport is now the largest sector for spending in the energy transition, growing 36% in 2023 to $634 billion. This figure includes spending on…

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CAP – Recommended reading: Quoting RRPs in your ads

Stuart Mitchell

The ASA/CAP have released a post called: Recommended reading: Quoting RRPs in your ads.  I have enclosed the text of the link below, but please have a look at the ASA/CAP site as there are lots of things of interest to anyone with an interest in Ethical Marketing. We’ve all seen ads which compare the price of a product against the recommended retail price (RRP). But advertisers should exercise caution before making these types of claims, as comparisons with RRPs are likely to mislead if the RRP differs significantly from the…

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Vattenfall’s Annual and Sustainability Report 2023: Continued work for fossil freedom

Stuart Mitchell

Vattenfall’s Annual and Sustainability Report for 2023 contains a special focus on offshore wind and new nuclear power – necessary factors for the energy transition as well as Vattenfall’s continued work for fossil freedom. The demand for fossil-free energy increased during 2023, and the targets for the energy transition have never been higher. However, the required build-out is not keeping pace. Investments need to multiply and the right incentives for those affected by the necessary new infrastructure must be developed. Vattenfall is committed to building a future where everyone can…

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Co-op net zero targets validated by Science Based Targets initiative (SBTi) in a convenience retailer first

Stuart Mitchell

Co-op has become the first UK convenience retailer to have its net zero targets validated by the globally recognised Science Based Targets initiative (SBTi). SBTi – the global body that assesses corporate climate targets – has validated the leading convenience retailer’s ambitious near-term and overall targets to become net zero across its own operations by 2035, and entire value chain by 2040. Co-op, which operates 2,400 food stores across the UK, is also one of the first companies in the UK to set science-based targets for its forest, land and…

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City to Sea receives new finance from Triodos Bank UK

Stuart Mitchell

City to Sea, a campaigning organisation that aims to stop plastic pollution, has received new lending from sustainable bank, Triodos Bank UK. The finance, in collaboration with grant and donation funding, will allow the organisation to continue to expand its campaigning and education work. The two Bristol-based organisations were both founded with aims of tackling social and environmental issues. City to Sea, which was established as a community interest company in 2016, works with communities, businesses, and activists to provide practical solutions to the problem of single-use plastic. It has…

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