Support for green ships
- Mitigation ,
- Generation ,
- Fossil fuels
The European Investment Bank and French financial services business Société Générale have backed a €150m fund to support shipbuilding projects in France that promote sustainable transport and environmental protection.
It is the first time the new EU guarantee mechanism, the Investment Plan for Europe, has been applied to making maritime transport greener. EU transport commissioner Violeta Bulc said it would increase responsible investment in the maritime sector.
‘It will also improve the environmental performance of the “motorways of the sea,” an EU transport policy priority. The maritime sector must play its part in tackling climate change,’ she said.
The money will be used to finance improvements in the energy efficiency of new and existing ships, and cut emissions from maritime transport.
The Green Homes Grant is set to deliver only a fraction of the jobs and improvements intended, leading to calls for more involvement from local authorities in future schemes.
COVID-19 recovery packages have largely focused on protecting, rather than transforming, existing industries, and have been a “lost opportunity” for speeding up the global energy transition.
None of England’s water and sewerage companies achieved all environmental expectations for the period 2015 to 2020, the Environment Agency has revealed. These targets included the reduction of total pollution incidents by at least one-third compared with 2012, and for incident self-reporting to be at least 75%.
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.
Billions of people worldwide have been unable to access safe drinking water and sanitation in their homes during the COVID-19 pandemic, according to a progress report from the World Health Organisation focusing on the UN’s sixth Sustainable Development Goal (SDG 6) – to “ensure availability and sustainable management of water and sanitation for all by 2030”.
The UK will no longer use unabated coal to generate electricity from October 2024, one year earlier than originally planned, the Department for Business, Energy & Industrial Strategy has announced.
The UK government is not on track to deliver on its promise to improve the environment within a generation and is failing to stem the tide of biodiversity loss, a damning new report from MPs has revealed.