ESG and its importance after COP 26

Why should business leaders consider ESG? Following more ambitious targets set at COP 26, more than 130 nations have made a commitment to achieve net-zero by 2050 or sooner. For these targets to be somewhat attainable, this ambition must be reciprocated by the private sector. Many countries have already employed carbon taxes, fuel levies and […]

Does carbon capture have a future?

Introduction The role that Carbon Capture Utilisation and Storage (CCUS) will play in achieving a global net-zero will be pivotal. Whilst the world strives hard to decarbonise heavy industry, transport, electricity and heating, there will always be a proportion of unabated emissions. It is, therefore, carbon removals in the form of natural carbon sinks, carbon […]

Run up to COP 26 – priminister expects tough negotiations

The race to net zero is on and although some countries strive for a positive outcome, many haven’t strategized or put in place policies to get them there. It’s an effort for nations, companies, and individuals to pull together and tackle the problem collaboratively. With current pledges, global temperature increase is on a trajectory of […]

Tesco sets a 2050 net zero target for its suppliers and products

When it comes to climate change, Tesco knows that ‘every little helps’. The retailer has recently strengthened its ambition to tackle climate change by mandating a net zero supply chain by 2050. Making up over 90% of Tesco’s footprint, the value chain comprises emissions arising from the sourcing of raw materials and manufacturing, where emissions […]

UK Electricity Rates Now Highest In Europe

UK day-ahead power prices tripled to record levels on Sept. 13 as tight generation margins coupled with soaring gas and carbon prices and high-level import instability have led to the UK now paying the most for energy amongst its European counterparts.  The UK was hit particularly hard due to its accelerated coal phase-out along with […]

Wholesale gas prices up 134% from 5-year rolling average

As of July 2021, all tracked gas contracts rose by significant margins, with the most pronounced increase in near-term contracts. During summer 2021, wholesale gas prices have remained comfortably above last year’s levels, supported by high commodity markets and tight supply-demand fundamentals. Overall, summer gas prices saw bullish momentum that is usually only expected in […]

The alarming future of UK electricity rates

100% Increase in Wholesale UK Electricity Prices The cost of energy has risen by 100% over the last 12 months and gas prices have hit a record high. By September 2020, wholesale electricity costs stabilised at £43.50 per MWh but since then have shown a substantial recovery. Forward pricing for September 2021 contracts now sits […]

How Newcastle International will be one of the world’s first net-zero airports

Overview By Reiss Hilton The airport first announced its net-zero goal in 2019. It is now committed to achieving net-zero operational emissions, covering Scope 1 (direct) and Scope 2 (energy) sources, by 2035. It also has ambitions to achieve carbon neutrality on select Scope 3 emissions by 2035. This includes staff commuting, passenger surface access, […]

Firms must commit to net-zero to win government contracts over £5 million

Interpreted from a UK Government Press Release: By Reiss Hilton The government is yet again taking a world-leading approach in a bid to decarbonise UK industry. It will be the first in the world to use its heavy purchasing power (around £290 Billion each year) to transform the UK into a net-zero economy by requiring […]