Carbon emissions drop 15% despite more people admitting to not taking action to cut carbon

The UK’s carbon emissions dropped by 15% during the pandemic overall compared to the year before, according to analysis compiled by Lloyds Banking Group in partnership with the Carbon Trust.  The analysis considered the impact on carbon emissions resulting from changing consumer spending behaviour across six categories: food and drink, fuel, commuting, airlines, electrical stores and clothing stores.   Restrictions on international and domestic travel as well as the increase in working from home have been significant factors in the drop in carbon emissions. Emissions from commuting reduced by two thirds…

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Legal & General to halve £81bn annuity portfolio’s carbon emissions by 2030

Legal & General Retirement (LGR) have announced its commitment to reduce the carbon emission intensity of its current £80.7bn annuity book by 18.5% by 2025, and plans to further reduce this to 50% by 2030. Legal & General is also targeting a net-zero portfolio by 2050 and strongly supports the Paris Agreement aim to limit the global temperature rise to well below 2°C of pre-industrial levels. This commitment comes as LGR launches its new Environmental, Social Impact and Governance (ESG) policy, the Pension Risk Transfer (PRT) sector’s most comprehensive publicly…

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Leading energy companies form partnership to accelerate the development of offshore ‎transport and storage infrastructure for carbon emissions in UK North Sea‎

bp, Eni, Equinor, National Grid, Shell and Total have confirmed they have formed ‎a new partnership, the Northern Endurance Partnership (NEP), to develop offshore carbon dioxide ‎‎(CO2) transport and storage infrastructure in the UK North Sea, with bp as operator. This ‎infrastructure will serve the proposed Net Zero Teesside (NZT) and Zero Carbon Humber (ZCH) ‎projects that aim to establish decarbonized industrial clusters in Teesside and Humberside.‎ NZT and ZCH are at-scale decarbonization projects that will kick start decarbonization of industry and ‎power in two of the UK’s largest industrial…

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Shell and Microsoft form alliance to help address carbon emissions

Shell International Petroleum Company Limited and Microsoft Corporation, building on a history of three decades of working together, are embarking on a new strategic alliance to support progress towards a world with net-zero emissions. This builds on the strong foundation of decades of technology collaboration between the two companies. This type of strategic alliance is a model for how companies can work together to achieve their net-zero ambitions. “Microsoft and Shell both have rich histories of innovation and bold ambitions to decarbonise,” said Huibert Vigeveno, Downstream Director of Shell. “We…

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Jaguar Land Rover Upcycles Aluminium To Cut Carbon Emissions By A Quarter

Research by Jaguar Land Rover has revealed how an innovative recycling process could upcycle aluminium waste from household appliances and end-of-life vehicles into the premium cars of the future and reduce production CO2 emissions by up to 26 per cent. The REALITY aluminium project is a key part of Jaguar Land Rover’s Destination Zero mission to reduce carbon emissions and its ambition to make societies safer and environments cleaner through relentless innovation. Engineers were able to use the recycled aluminium parts and mix it with a lower amount of primary aluminium…

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