Brexit derails sustainability initiatives
- Politics & Economics ,
Brexit-induced political uncertainty has derailed hundreds of innovative projects in the UK, including those aimed at boosting sustainability.
A survey of more than 500 small and large businesses found that a third have delayed projects during the past year, while one in 10 have cut investment budgets.
The proportion of firms delaying sustainability projects has increased by 25% during the past two years, according to the findings, while fears that sustainable practices could hit profits have skyrocketed.
“No business is going to commit millions of pounds to projects, particularly involving new technologies, without a stable environment in which to invest,“ said Mike Hughes, UK & Ireland zone president at Schneider Electric, which carried out the research.
Picture credit: Shutterstock
The UK government has been “too city-focused” in its climate action and must provide more funding and support to reduce emissions in rural areas, the County Councils Network (CCN) has said.
COVID-19 offers the world a huge chance to beat a path to sustainability, says Oxford University professor Ian Goldin – but we must learn from past crises, he tells Huw Morris
The UK’s pipeline for renewable energy projects could mitigate 90% of job losses caused by COVID-19 and help deliver the government’s ‘levelling up’ agenda. That is according to a recent report from consultancy EY-Parthenon, which outlines how the UK’s £108bn “visible pipeline” of investible renewable energy projects could create 625,000 jobs.
The UK's largest defined benefit (DB) pension schemes have received a letter from the Make My Money Matter campaign urging them to set net-zero emission targets ahead of the COP26 climate summit later this year.
The sale of new diesel and petrol heavy goods vehicles (HGVs) will be banned in the UK by 2040 under proposals unveiled in the government's transport decarbonisation plan yesterday.