Tag: Net Zero

Groundbreaking analysis reveals a fully flexible energy system could cut the cost of reaching net zero by up to £16.7bn a year in 2050

Stuart Mitchell

Findings from a new, groundbreaking analysis of the future net zero energy system in Great Britain are expected to have profound implications for policymakers, households and the wider energy sector across Great Britain.  For the first time, the system-level value of deploying flexibility across heat, transport, industry and power sectors in Great Britain, and the sensitivity of this value to different scenarios, has been assessed. The analysis delivers a robust and up-to-date evidence-base on the role and value of flexibility in a net zero system, to drive decision making across…

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Compass Group UK & Ireland announces commitment to reach Net Zero by 2030

Stuart Mitchell

Compass Group UK & Ireland has announced its commitment to reach Net Zero greenhouse gas emissions across its own operations and its value chain (GHG protocol Scope 1/2/3) by 2030. The UK’s largest foodservice provider has aligned its climate ambitions by committing to develop science-based targets to limit global temperature rises to 1.5°C above pre-industrial level in line with the Science-Based Targets Initiative (SBTi) criteria. The business, which serves three million customers a year in the UK, has become a signatory of Business Ambition for 1.5°C, making the commitment to…

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New ClimateWise report calls for greater collaboration across insurance industry and with government to accelerate delivery of net zero

Stuart Mitchell

Global insurance industry group ClimateWise, convened by the University of Cambridge Institute for Sustainability Leadership, has released a white paper exploring the potential contribution of innovative insurance products in the transition to a net zero economy. The report draws on the expertise of more than 10 ClimateWise members including Aon, Allianz, Aviva, AXA XL, Lloyd’s, Zurich, and makes recommendations to support the insurance industry’s meaningful part in the decarbonisation of the global economy. In addition, ‘Climate product innovation within the insurance sector’ highlights the need for collaboration both within and…

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UK aviation industry strengthens commitment to achieving net zero and launches first interim decarbonisation targets

Stuart Mitchell

The UK’s leading airlines, airports, aerospace manufacturers and air service navigation providers have reaffirmed their joint commitment to a net-zero future for UK aviation, setting out a first set of interim decarbonisation targets that will act as milestones on the path to net-zero aviation by 2050. Industry is targeting at least an overall 15% reduction in net emissions relative to 2019 by 2030, and a 40% net reduction by 2040, with the pace of decarbonisation ramping up as game-changing sustainable aviation fuels (SAF), permanent carbon removal, and new low and…

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CDL Pledges Net Zero Operations By 2030

Stuart Mitchell

City Developments Limited (CDL) has become the first real estate developer in Singapore and the first real estate conglomerate in Southeast Asia to sign the WorldGBC’s Net Zero Carbon Buildings Commitment. Given the high environmental impact of the Built Environment, the Commitment challenges businesses to take leadership action to reach net zero carbon in operation for every building under their direct control by 2030, and advocates for all buildings to be net zero carbon in operation by 2050. By joining the Commitment, CDL is dedicated to achieving net zero carbon…

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