In defence of net zero
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Concerns about the efficacy of net zero targets are justified, but could condemnation of the concept from Greta Thunberg and others inadvertently serve to undermine efforts to decarbonise? The enemy of a good plan is the dream of a perfect one
Carl von Clausewitz, 1780-1831
The backlash is underway. And it s coming from the unlikeliest of quarters.
For much of the past two years the global push to deliver net zero emissions has enjoyed a remarkable golden run. National and state governments have rushed to announce long term net zero emissions goals, to the point where around two thirds of global GDP is now covered by some form of target. Businesses and investors have followed suit, with over 2,100 of the world s largest corporates having set net zero goals under the UN-backed Race to Zero campaign while asset managers and owners worth trillions of dollars have pledged to deliver net zero emission portfolios by mid-century at the latest.
Go-ahead will depend on several factors because of fallout from Sino-US situation
There is uncertainty about the proposed China-involved construction of a nuclear power station near Bradwell in Essex in the United Kingdom, according to a minister with knowledge of the situation.
The Financial Times reported on Wednesday that Gerry Grimstone, a minister in the Department for International Trade s Department for Business, Energy and Industrial Strategy, said questions hang over the proposed construction of the China-designed HPR1000 reactor.
The plant has been proposed by General Nuclear System Limited, a joint venture involving China s State-owned China General Nuclear Power Group, or CGN, and the French state-owned energy company EDF.
Ex-British Land CEO set to chair new infrastructure bank
Former British Land chief executive Chris Grigg has been lined up as chairman of the government’s new National Infrastructure Bank.
Grigg could be named as the bank’s first chair as early as Friday, according to
Sky News. A search for a chief executive will then take place.
Chancellor Rishi Sunak announced plans for a UK infrastructure bank in his March Budget. It will be tasked with helping to finance large, new infrastructure projects in conjunction with private investors, with a particular focus on schemes that contribute to the country’s net-zero carbon goals. The bank has been designed to replace some of the investment that was made by the European Infrastructure Bank pre-Brexit.
UKSIF urges Downing Street to be a world leader on global ESG standards
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UKSIF urges Downing Street to be a world leader on global ESG standards
UKSIF urges UK to build more sustainable future
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Organisation warns UK’s green finance goals need clarity
UKSIF s ‘Policy Vision’ outlines recommendations to promote sustainability
The UK Sustainable Investment and Finance Association (UKSIF), whose asset manager, bank and financial adviser members oversee £10trn in assets, is calling on the government to step up efforts to drive forward the country s efforts on sustainable finance.