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Share Price: 49.56
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Change: -1.44 (-2.82%)
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CBI boss says government should 'fill in blanks' in plans to fight climate crisis

Mon, 14th Jun 2021 08:37

(Sharecast News) - Confederation of British Industry boss Tony Danker said that the world is "way off track" in its fight against climate change and the UK government should provide detailed guidance on how it plans to combat it.
The government should give guidance on home heating and transport to unlock private resources, said Danker.

"Tackling the planet's climate crisis before it's too late has always been a seismic challenge demanding global cooperation on an unprecedented scale," the head of the UK's biggest business group will say in a speech at the CBI's Road to Zero conference on Monday.

"The world has no room for failure. The climate crisis is worsening and currently we're way off track."

CBI said the government needs to "fill in the blanks" in its plans to cut greenhouse gas emissions by 68% by the end of this decade, and by 78% compared with 1990 levels by 2035.

In 2020, Prime Minister, Boris Johnson, published a "10-point plan" for a green industrial revolution but there was a lack of concrete policies attached to the announcement.

Danker told the Guardian: "I think the 10-point plan is very good, but it does not have quite enough detail. We need a blueprint to build, to make sure we move from ambition to action."

Without such detail and policies, the UK would miss out on much-needed investment from international companies, he warned. "Companies are alert and keen to play in Britain, but they are now saying they need more granularity [detail] to make real investment decisions," he said.

The CBI set out its recommendations on achieving the targets, which include seven new gigafactories to build batteries and other components for electric vehicles, a plan for a nationwide network of electric vehicle charging and a review into fuel duty by the end of 2021.

When it comes to the decarbonisation of homes, there should be a requirement for new gas boilers sold after 2025 to be "hydrogen ready" and no new gas boilers should be sold from 2035.
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10 Aug 2023 15:46

UK earnings, trading statements calendar - next 7 days

Friday 11 August 
FBD Holdings PLCHalf Year Results
Murray International Trust PLCHalf Year Results
Monday 14 August 
CentralNic Group PLCHalf Year Results
Global Invacom Group LtdHalf Year Results
Plus500 LtdHalf Year Results
Stelrad Group PLCHalf Year Results
Tuesday 15 August 
888 Holdings PLCHalf Year Results
Genuit Group PLCHalf Year Results
Georgia Capital PLCHalf Year Results
Kenmare Resources PLCHalf Year Results
Just Group PLCHalf Year Results
Legal & General Group PLCHalf Year Results
MTI Wireless Edge LtdHalf Year Results
UP Global Sourcing Holdings PLCTrading Statement
Victoria PLCFull Year Results
Wednesday 16 August 
Admiral Group PLCHalf Year Results
Aviva PLCHalf Year Results
Balfour Beatty PLCHalf Year Results
Essentra PLCHalf Year Results
Gattaca PLCTrading Statement
Glanbia PLCHalf Year Results
Hochschild Mining PLCHalf Year Results
Marshalls PLCHalf Year Results
Restore PLCHalf Year Results
Thursday 17 August 
Bank of Georgia Group PLCHalf Year Results
Empiric Student Property PLCHalf Year Results
Intelligent Ultrasound Group PLCHalf Year Results
ITM Power PLCFull Year Results
Rank Group PLCFull Year Results
Tremor International LtdHalf Year Results
Westminster Group PLCHalf Year Results
Windward LtdHalf Year Results
  
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26 Jul 2023 10:51

ITM Power outlines roadmap for further collaboration with Gore

(Alliance News) - ITM Power PLC on Wednesday said that it intends to further collaborate with W. L. Gore & Associates Inc, enhancing their mutual understanding of proton exchange membrane water electrolysis performance.

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25 Jul 2023 09:10

ITM Power shares down on delayed full-year results

(Alliance News) - ITM Power PLC shares dropped on Tuesday, after it reported that its financial 2023 results will be delayed.

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25 Jul 2023 08:32

ITM Power postpones full-year results, reiterates guidance

(Sharecast News) - ITM Power postponed the release of its full-year audited results at the request of its auditor.

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17 Jul 2023 15:38

ITM Power wins contract in Germany

(Sharecast News) - ITM Power announced the award of a contract for the procurement of long lead-time materials and components for a particular project, it announced on Monday.

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17 Jul 2023 11:24

IN BRIEF: ITM Power wins 100MW contract with German customer

ITM Power PLC - Sheffield, England-based designer and manufacturer of electrolysers for green hydrogen production - Awarded contract with unnamed customer to procure long lead-time materials and components required to manufacture ITM's MEP30 skids for a 100 megawatt project in Germany. The customer, which ITM does not name, intends to make its final investment decision this year.

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13 Jul 2023 09:18

LONDON BROKER RATINGS: HSBC raises Watches of Switzerland to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

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10 Jul 2023 13:05

ITM Power launching new Germany hub

(Sharecast News) - Electrolyser specialist ITM Power is expanding its presence in Germany, it announced on Monday, with the establishment of ITM Power Germany.

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10 Jul 2023 08:34

ITM Power to launch Germany expansion in October with new facilities

(Alliance News) - ITM Power PLC said on Monday that it was expanding in Germany this October, opening new facilities with office space for more than 50 employees.

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7 Jul 2023 07:43

LONDON BRIEFING: Coca-Cola HBC raises guidance; House prices fall

(Alliance News) - Stock prices in London are expected to open flat on Friday, as investors look ahead to a US jobs print at the end of a rather bruising week for global equities.

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3 Jul 2023 15:42

ITM Power inks strategic partnership with Mott Corporation

(Sharecast News) - Electrolyser technology specialist ITM Power announced a strategic partnership with Mott Corporation on Monday.

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3 Jul 2023 09:38

IN BRIEF: ITM Power works with Mott to advance porous transport layers

ITM Power PLC - Sheffield, England-based designer and manufacturer of electrolysers based on proton exchange membrane technology to produce green hydrogen - Partners with Mott Corp to secure ITM's market leadership in electrolyser stack technology. Says ITM and Mott are collaborating to further advance porous transport layers. This is a key component of proton exchange membrane electrolysis. Mott is a precision filtration company based in Connecticut.

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30 Jun 2023 14:18

ITM Power gets UKCA marking for electrolyser stack

(Sharecast News) - ITM Power announced on Friday that its MEP30 electrolyser stack has achieved UKCA marking.

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30 Jun 2023 10:21

ITM Power receives UKCA accreditation for electrolyser product design

(Alliance News) - ITM Power on Friday said its MEP30 electrolyser stack has been both marked and received accreditation from the UK Conformity Assessed.

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12 Jun 2023 15:45

Thyssenkrupp pulls trigger on long-awaited IPO of hydrogen division Nucera

Nucera targets primary proceeds of up to 600 mln euros

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