The circular economy is not just a trend-it's a necessity for sustainable industrial and economic growth. However, investors often face challenges such as 'death by pilot,' regulatory hurdles, and the gap between technical readiness and market entry.
The Society of Motor Manufacturers and Traders is calling for UK-built vehicles, components and batteries to be granted equivalent status to EU-made products under the proposed 'Made in Europe' framework, arguing that the current draft risks undermining a deeply integrated cross-border industry.
The British Industrial Competitiveness Scheme (BICS) will be widened by 40 per cent, bringing an additional 3,000 firms under its umbrella. The scheme will exempt qualifying businesses from the indirect costs of three legacy green levies: the Renewables Obligation, Feed-in Tariffs and the Capacity Market.
Stegra has agreed in principle on €1.4 billion in new financing to complete the construction of what would be the world's first large-scale green steel plant, located in Boden in northern Sweden.
One of the key reasons for India's withdrawal appears to be the steadily declining relevance of COP in driving meaningful global climate action. The complete erosion of trust among countries at the Belem summit in Brazil, where several nations reneged on previously agreed commitments, seems to have contributed significantly to this decision.
The overarching message of The Economics of Climate Change: The Stern Review was that failing to invest in mitigating climate change would exact an alarmingly high price, estimated between 5% and 20% of global GDP per year.
We are making sure that we have renewable energy powering all of our datacentre footprint. We have 100% renewable power today that is powering all of Azure, and we're very proud to build that base and essentially stimulate renewable energy around the world and in the UK.
Tech companies are conflating traditional artificial intelligence with generative AI when claiming the energy-hungry technology could help avert climate breakdown, according to a report. Most claims that AI can help avert climate breakdown refer to machine learning and not the energy-hungry chatbots and image generation tools driving the sector's explosive growth of gas-guzzling datacentres, the analysis of 154 statements found.
But as this nascent field grapples with questions of legitimacy, scalability, and accountability, a critical challenge remains: How do we build the infrastructure needed to track, verify, and certify that carbon has actually been removed and stays removed? Meet Hannes Junginger-Gestrich, CEO of Carbonfuture, a company helping define the monitoring, reporting, and verification (MRV) infrastructure that could transform carbon removal from scattered efforts into a functioning ecosystem.
The UN-run market allows companies and countries to offset their excess emissions by financing projects that cut greenhouse gases in other nations. The new initiative involves a clean cooking project in Myanmar, which distributes efficient cookstoves that reduce pressure on local forests. Implemented in partnership with a South Korean company, the project will generate credits that will count towards the climate targets of South Korea and Myanmar.
