UK companies are making progress on cutting greenhouse gas emissions, but will need to move faster to meet international climate goals, according to a recently released report. Experts from the University of Exeter and J O Hambro Capital Management (JOHCM) have jointly developed a probabilistic forecasting model, Horizon, which is used to project emissions from UK-listed firms from 2025 to 2050. …
Major UK firms on course for ‘disorderly’ green transition
UK companies are making progress on cutting greenhouse gas emissions, but will need to move faster to meet international climate goals, according to a recently released report. Experts from the University of Exeter and J O Hambro Capital Management (JOHCM) have jointly developed a probabilistic forecasting model, Horizon, which is used to project emissions from UK-listed firms from 2025 to 2050. …
Climeworks Raises $162 Million to Scale Carbon Removal Solutions
Zurich-based Carbon removal solutions provider Climeworks announced today that it has raised $162 million in a new equity funding round, with proceeds from the financing aimed at further developing its direct air capture (DAC) technology to reduce the cost of removals, and to expand its carbon removal portfolio service. Founded in 2009 by Christoph Gebald and Jan Wurzbacher, Climeworks provides…
LCAW: Sustainable investors welcome plans to ‘future-proof’ UK economy
The sustainable investment industry has said the UK has an opportunity to regain its position as a leader in transition planning, following a string of announcements at London Climate Action Week. Last week, the government published three consultations on the topic of sustainability disclosures. These include: A consultation on adopting the International Financial Reporting Standards (IFRS) sustainability reporting standards to create UK Sustainability Reporting…