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Share Price: 49.56
Bid: 49.80
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Change: -1.44 (-2.82%)
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Open: 52.00
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UK should become global leader in climate action - CBI

Mon, 14th Sep 2020 08:18

(Sharecast News) - The UK should take more action in the fight against climate change and become a global leader on the matter, the CBI Director-General Carolyn Fairbairn will say on Monday.
Speaking at the CBI's first virtual Net-Zero Conference, where she will launch the CBI's Green Recovery Roadmap, Carolyn will say "action speaks a thousand times louder than words".

In a call on the government to take ambitious steps in the fight against climate change, she said there should be new regulations imposed nationally to help reach the target of becoming carbon neutral by 2050.

The roadmap recommendations from the CBI include publishing the much-anticipated Energy White Paper and National Infrastructure Strategy this autumn to unlock business investment.

It also recommends using the autumn budget to prioritise public spending on low carbon projects and game-changing technologies such as hydrogen and carbon capture. The government could also use these projects to stimulate the economy in a sustainable way and generate new employment opportunities.

The Green Recovery Roadmap outlines six priorities for the UK:

Accelerate the delivery of electric vehicle charging points and introduce a net-zero mobility credit scheme, alongside Government funding for a UK-based Gigafactory (battery manufacturing for electric vehicles).

Lifting the cap on auctions for renewable power and introduce a financing model to encourage domestic and international business investment in new nuclear capacity.

Become a world leader in carbon capture, utilisation and storage (CCUS) technology - by introducing a privately-financed Regulated Asset Base model and developing plans for an auction mechanism for CCUS.

At least £1bn of Government funding for hydrogen testing programmes and introduce a variant of the Contracts for Difference auction for the production of hydrogen.

Create an Office for Sustainable Aviation Fuels to secure the development of low-carbon alternatives and commit £500m of matched public-private funding (£1 billion in total) to support the UK's first commercial sustainable fuel plant.

Deliver jobs and energy savings by retrofitting homes and buildings to be more energy efficient and switch to low-carbon heating. And for Government to publish its Heat and Buildings Strategy.

Dame Carolyn Fairbairn is expected to say: "For so many, this feels like a time of fiercely competing goals. The world faces two seemingly separate yet fundamental problems. Covid-19 - the biggest health crisis in living memory and climate change - the defining challenge of the modern era.

"But they are not separate. The response to one affects success on the other. And the defining question is, how does the UK use this moment to rebuild our economy and the greener and stronger world we want to return to."
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7 Jun 2024 09:45

LONDON BROKER RATINGS: Bryan Garnier raises ITM Power to 'neutral'

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

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6 Jun 2024 11:00

ITM Power to outperform guidance with revenue expected to triple

(Alliance News) - ITM Power PLC on Thursday said the company expects to report improved financial results in its upcoming full-year earnings report.

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6 Jun 2024 08:59

ITM Power FY losses better-than-expected

(Sharecast News) - Energy storage and clean fuel company ITM Power said on Thursday that full-year underlying losses were better than initially expected as it worked to attain "a positive operating rhythm" throughout the twelve months ended 30 April.

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26 Apr 2024 10:45

ITM Power strikes deal with Hygen for PME electrolyser supply

(Alliance News) - ITM Power PLC on Friday said it has been named Hygen Energy Ltd's, preferred supplier for proton exchange membrane electrolysers, under a new partnership deal.

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18 Apr 2024 14:23

Pineapple Power names executives for Ilios Hydrogen Canada acquisition

(Alliance News) - Pineapple Power Corp PLC said on Thursday it had reached agreements regarding provisional executive roles for its Ilios Hydrogen Canada Ltd investment.

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26 Feb 2024 09:07

LONDON BROKER RATINGS: Jefferies raises ITM Power to 'buy'

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

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26 Feb 2024 07:47

LONDON BRIEFING: CMA investigates housebuilders; Bunzl profit up 10%

(Alliance News) - Stocks in London are expected to edge lower on Monday, as investors are shift their attention to this week's economic data.

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21 Feb 2024 11:17

LONDON BROKER RATINGS: Unilever and Aviva both raised to 'buy'

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

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13 Feb 2024 09:32

LONDON BROKER RATINGS: Citi lifts GSK; Shore likes XPS Pensions

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

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1 Feb 2024 09:03

LONDON BROKER RATINGS: Barclays cuts Next; JPMorgan raises easyJet

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

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31 Jan 2024 17:05

LONDON MARKET CLOSE: Stocks mixed hours before expected US Fed hold

(Alliance News) - Stock prices in London closed mixed on Wednesday in a trade-thinned day ahead of the US Federal Reserve interest rate decision this evening.

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31 Jan 2024 10:51

ITM Power shares up as strong six months boosts annual expectations

(Alliance News) - ITM Power PLC on Wednesday upped its full-year forecasts following a "robust financial performance", with the group also announcing the successful completion of its 12-month plan.

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31 Jan 2024 10:21

AIM WINNERS & LOSERS: Pebble Beach rises as trades ahead of forecasts

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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31 Jan 2024 08:30

ITM Power improves guidance after solid first half

(Sharecast News) - Shares in ITM Power surged on Wednesday after the energy storage and clean fuel company impressed with its interim results and improved its full-year guidance.

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24 Jan 2024 14:34

UK earnings, trading statements calendar - next 7 days

Thursday 25 January 
Britvic PLCTrading Statement
Conduit Holdings LtdTrading Statement
CVS Group PLCTrading Statement
Dr Martens PLCTrading Statement
Fevertree Drinks PLCTrading Statement
Foxtons Group PLCFull Year Results
Fuller, Smith & Turner PLCTrading Statement
Halfords Group PLCTrading Statement
Idox PLCFull Year Results
IG Group Holdings PLCHalf Year Results
Intermediate Capital Group PLCTrading Statement
Mitie Group PLCTrading Statement
NCC Group PLCHalf Year Results
Newmark Security PLCHalf Year Results
Next 15 Group PLCTrading Statement
PPHE Hotel Group LtdTrading Statement
Secure Trust Bank PLCTrading Statement
St James's Place PLCTrading Statement
Time Finance PLCHalf Year Results
Titon Holdings PLCFull Year Results
Wizz Air Holdings PLCQ3 Results
Workspace Group PLCTrading Statement
Friday 26 January 
Paragon Banking Group PLCTrading Statement
Record PLCTrading Statement
Superdry PLCHalf Year Results
Taylor Maritime Investments LtdTrading Statement
WH Smith PLCTrading Statement
YouGov PLCTrading Statement
Monday 29 January 
Team Internet Group PLCTrading Statement
Tuesday 30 January 
Diaceutics PLCTrading Statement
Diageo PLCHalf Year Results
Kromek Group PLCHalf Year Results
Luceco PLCTrading Statement
Oxford Cannabinoid Technologies Holdings PLCHalf Year Results
Pets at Home Group PLCTrading Statement
Renewi PLCTrading Statement
Saga PLCTrading Statement
SSP Group PLCTrading Statement
SThree PLCFull Year Results
Synthomer PLCTrading Statement
Wednesday 31 January 
Aberforth Smaller Companies Trust PLCFull Year Results
abrdn Private Equity Opportunities Trust PLCFull Year Results
Ecora Resources PLCTrading Statement
GSK PLCFull Year Results
ITM Power PLCHalf Year Results
NWF Group PLCHalf Year Results
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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