New UK levy to level carbon pricing

The UK is to implement a new import carbon pricing mechanism by 2027 to support the decarbonisation drive. imports of iron, steel, aluminium, ceramics and cement from overseas will face a comparable carbon price to those goods produced in the UK reduces the risk of ‘carbon leakage’, avoiding emissions being displaced to other countries because they have a lower or no carbon price Goods imported into the UK from countries with a lower or no carbon price will have to pay a levy by 2027, ensuring products from overseas face…

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UK Government publishes guidance on its framework to create UK Sustainability Disclosure Standards

The UK Government has published guidance on its framework to create UK Sustainability Disclosure Standards (UK SDS) confirming that the Secretary of State for Business and Trade will consider the endorsement of the IFRS Sustainability Disclosure Standards to create UK SDS by July 2024. Recognising the importance of disclosures that are globally comparable and useful for investor decision-making purposes, the guidance states that the UK SDS will only divert from the global baseline if ‘absolutely necessary for UK specific matters.’ The guidance also confirms that the UK Government will have…

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UK government announces £4m AI funding to cut carbon emissions

The UK government has announced a new multimillion pound investment in Artificial intelligence (AI) to transform the way industries cut their carbon emissions. Twelve green AI initiatives will receive a share of £1 million to decarbonise and boost generation of renewable energy, contributing to reaching the country’s ambitious net zero goal by 2050. The initiatives range from solar energy improvements, that use AI to improve the forecasting of when it will best produce energy for the grid, to the decarbonisation of dairy farming through the use of AI robots monitoring…

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£29 million for UK Know Your Neighbourhood Fund confirmed

The UK government has confirmed the launch of the Know Your Neighbourhood (KYN) Fund, a £29 million package of funding designed to widen participation in volunteering and tackle loneliness in 27 disadvantaged areas across England. Of this £29 million, £19 million of government investment will support people living in disadvantaged areas to connect with others in their community and engage in volunteering, with the aim of improving wellbeing and pride in place. The National Lottery Community Fund is also investing up to £10 million to support their existing projects working…

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10p bag charge in the UK turns the tide on plastic waste

Billions of harmful plastic bags have been stopped thanks to the single-use carrier bag charge, new figures reveal today. The 5p charge was introduced in supermarkets in 2015 and since then usage at the main retailers has dropped by a staggering 97%. Meanwhile, over £200 million has been voluntarily donated by retailers to good causes in that time. As a result of the charge, the average person in England now buys around three single-use carrier bags a year from the main supermarkets, compared with around 140 in 2014. The charge…

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