Month: June 2024

£557 million for public buildings to switch to cleaner heating and save on energy bills

Stuart Mitchell

More public buildings and businesses will benefit from over half a billion pounds in funding to help reduce their energy bills and carbon emissions. Schools, pools, and hospitals will be supported to make energy efficient upgrades, with over £557 million government investment. The new projects will help reduce emissions and cut bills, as part of the government’s plan to reach its world-leading net zero targets in a sustainable, pragmatic way. Heat pumps, solar panels, insulation and low-energy lighting will be rolled out to reduce the use of fossil fuels across…

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Climate Action leader AIB raises €650 million in its sixth green bond issuance

Stuart Mitchell

AIB recently raised €650 million of Tier 2 sub-ordinated bank capital. This is the second green capital issuance by AIB, and its sixth green bond in total. The proceeds will contribute to the financing of projects with clear environmental and climate action benefits while further strengthening AIB’s capital position. The investment required to finance the global transition to a low carbon economy will need to increase to about $9 trillion a year to 2030 according to estimates from the Climate Policy Initiative. In the case of Ireland, the International Monetary…

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Climeworks switches on world’s largest direct air capture plant

Stuart Mitchell

The largest direct air capture and storage plant, named Mammoth, starts operations in Iceland. It is the second commercial facility of Climeworks in Iceland and is about ten times bigger than its predecessor, Orca. Mammoth will bring new high-quality carbon removal capacity to the market for Climeworks to provide to its customers. Mammoth – the facts in a nutshell Climeworks broke ground on Mammoth in June 2022. The plant is built in a modular design, with twelve of its total 72 collector containers currently installed onsite. The plant will be…

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Equity Must Be Considered in Ocean Governance to Achieve Global Targets by 2030

Stuart Mitchell

As the world presses forward with urgency towards reaching global biodiversity and climate targets by 2030, there must be increased attention to center equity in dialogue and practice when designing ocean conservation, adaptation and development interventions.  The world is facing a dual biodiversity and climate crisis. Yet, without focused attention to equity, say a group of researchers and practitioners in a new study published recently in Nature Ecology & Evolution, there are risks for harmful or maladaptive actions that will impact human health and well-being and exacerbate the vulnerability of…

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Leadership Story Lab Publishes Ranking of 30 B Corp Family Businesses

Stuart Mitchell

Edelman Barometer shows that trust in family businesses has been waning over the last few years, dropping six points in their 2022 report. As corporate citizenship has developed, consumers expect companies to espouse and demonstrate their commitments to causes like the environment, just supply chains, and social issues. Family businesses often have these values ingrained in them from their founding, yet it appears many are failing to communicate their long standing commitments.  To understand how well family businesses are communicating their values, Leadership Story Lab (LSL), a storytelling coaching, consulting…

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