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Share Price: 49.56
Bid: 49.80
Ask: 50.10
Change: -1.44 (-2.82%)
Spread: 0.30 (0.602%)
Open: 52.00
High: 53.00
Low: 49.48
Prev. Close: 51.00
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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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6 Mar 2023 10:42

IN BRIEF: Getech appoints ITM Power CEO Cooley as chair of H2 Energy

Getech Group PLC - Leeds, England-based geoenergy company - Appoints Graham Cooley as chair of its Edinburgh-based hydrogen developer, H2 Green. Says he will assist the company in expanding and developing its portfolio of hydrogen and renewable energy projects.

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31 Jan 2023 11:20

ITM Power expects further annual loss on lower interim revenue

(Alliance News) - ITM Power PLC on Tuesday reported a fall in interim revenue and a widened loss due to"increased losses on inventory and customer contracts".

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31 Jan 2023 08:08

ITM Power sees 1H operating loss widen sharply, announces strategy changes

(Sharecast News) - ITM Power saw its operating losses bloat over the half as it continued to struggle in its transition from a research and development outfit and into a volume manufacturer at scale.

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31 Jan 2023 07:54

LONDON BRIEFING: Pets at Home raises guidance; IMF cuts UK GDP outlook

(Alliance News) - Stocks in London were set to open lower on Tuesday, following a forecast by the International Monetary Fund warning the UK economy will shrink this year, despite growth elsewhere.

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24 Jan 2023 15:46

UK earnings, trading statements calendar - next 7 days

Wednesday 25 January 
CMC Markets PLCTrading Statement
Conduit Holdings LtdTrading Statement
easyJet PLCTrading Statement
Forterra PLCTrading Statement
Fresnillo PLCTrading Statement
Hargreaves Services PLCHalf Year Results
hVIVO PLCTrading Statement
JD Wetherspoon PLCTrading Statement
Keywords Studios PLCTrading Statement
Lords Group Trading PLCTrading Statement
Next Fifteen Communications Group PLCTrading Statement
Quilter PLCTrading Statement
Scancell Holdings PLCHalf Year Results
Tullow Oil PLCTrading Statement
Van Elle Holdings PLCHalf Year Results
Watkin Jones PLCFull Year Results
Thursday 26 January 
3i Group PLCTrading Statement
CVS Group PLCTrading Statement
Diageo PLCHalf Year Results
Eurocell PLCTrading Statement
Fevertree Drinks PLCTrading Statement
Foxtons Group PLCTrading Statement
Greencore Group PLCTrading Statement
Idox PLCFull Year Results
IG Group Holdings PLCHalf Year Results
Intermediate Capital Group PLCTrading Statement
Provident Financial PLCTrading Statement
Rank Group PLCHalf Year Results
Record PLCTrading Statement
Smart Metering Systems PLCTrading Statement
St James's Place PLCTrading Statement
Tate & Lyle PLCTrading Statement
TClarke PLCTrading Statement
Time Finance PLCHalf Year Results
Titon Holdings PLCFull Year Results
Wizz Air Holdings PLCQ3 Results
Friday 27 January 
Aberforth Smaller Companies Trust PLCFull Year Results
GCP Infrastructure Investments LtdTrading Statement
Industrials REIT LtdTrading Statement
Paragon Banking Group PLCTrading Statement
YouGov PLCTrading Statement
Monday 30 January 
Computacenter PLCTrading Statement
DP Eurasia NVTrading Statement
Porvair PLCFull Year Results
Ryanair Holdings PLCQ3 Results
Sthree PLCFull Year Results
Tuesday 31 January 
abrdn Private Equity Opportunities Trust PLCfull Year Results
Applied Graphene Materials PLCFull Year Results
Ecora Resources PLCTrading Statement
Ince Group PLCFull Year Results
ITM Power PLCHalf Year Results
NWF Group PLCHalf Year Results
Uru Metals LtdFull Year Results
Pets at Home Group PLCTrading Statement
Renewi PLCTrading Statement
  
Copyright 2023 Alliance News Ltd. All Rights Reserved. 

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23 Jan 2023 09:41

LONDON BROKER RATINGS: Jefferies cuts Berkeley; HSBC cuts St James's

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

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17 Jan 2023 12:11

RBC slashes target on ITM Power, says capacity expansion and commercial credibility key

(Sharecast News) - Analysts at RBC slashed their target price for shares of ITM Power, the energy storage and clean fuel company, from 500.0p to 260.0p.

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17 Jan 2023 09:36

LONDON BROKER RATINGS: Bernstein cuts Unilever to 'underperform'

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

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16 Jan 2023 17:06

FTSE 100 in sight of record high as financial stocks gain

Ocado rises ahead of results

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16 Jan 2023 11:09

ITM Power shares down as annual revenue expected to fall

(Alliance News) - ITM Power PLC on Monday said it has become clear that the outcome for the year ending April 30 will be "materially different" from current guidance, with lower revenue and a higher earnings before interest, taxation, depreciation and amortisation loss.

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16 Jan 2023 08:33

ITM Power warns FY results will be 'materialy different' to current guidance

(Sharecast News) - Energy storage firm ITM Power warned on Monday that its full-year results would now be "materially different" to current guidance, with both lower revenues and a larger underlying loss.

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16 Jan 2023 07:50

LONDON BRIEFING: FTSE 100 seen flat; Just Eat and Sainsbury's partner

(Alliance News) - With US financial markets closed for a public holiday on Monday and after better-than-expected data for the UK economy on Friday, stocks in London were set to start the week slightly higher.

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6 Jan 2023 07:19

Germany's HH2E buys hydrogen production capacity from Norway's Nel

BERLIN/FRANKFURT, Jan 6 (Reuters) - German energy firm HH2E will buy 120 megawatts worth of hydrogen production capacity from Norway's Nel ASA, it said, reflecting efforts to ramp up Germany's renewables capacity to compensate for Russian fuel imports and meet climate targets.

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1 Dec 2022 10:32

ITM Power CEO Cooley steps down, turns to Linde Engineering's Schulz

(Alliance News) - ITM Power PLC said on Thursday that its chief executive officer Graham Cooley resigned with immediate effect, though he is likely to remain as a consultant.

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1 Dec 2022 08:53

ITM Power delays trading update as CEO departs

(Sharecast News) - ITM Power announced the resignation of Graham Cooley as its chief executive officer on Thursday, with immediate effect.

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