Tessa Clarke

This is an interesting piece by Karen Norton and the Carbonwise team that takes a look at the world of carbon footprint calculation.

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For all sporting institutions in the #UK and #Europe: If you are required to comply with #CSRD reporting, the UK Sustainable Disclosure Regulation (#SDR), or the forthcoming UK Sustainability Disclosure Standards (#SDS), consider the Circulai solution. This platform offers a #CostEffective and #OperationallyEfficient approach, tailored to enhance your daily business operations #WasteManagement and ensure seamless #RegulatoryReporting. Sport England UK Sport Sportsafe UK Ltd #sportwaste World Climate Athletes

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In the cover feature from the EOS at Federated Hermes Q1 Public Engagement Report, engagers Michael Benedict Yamoah and Shoa Hirosato weigh up the pros and cons of carbon capture, utilisation and storage, which hard-to-abate sectors are likely to rely on to get to net-zero emissions. #climatechange #stewardship #ESG https://bit.ly/4aVTliA

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408 climate experts have signed an open letter to UK political party leaders calling on them to commit to these 5 pledges: 1. Publish and implement a credible and legal strategy for ending the UK’s contribution to climate change by meeting the UK’s statutory Carbon Budgets and its target of net zero emissions of greenhouse gases by 2050. 2. Accelerate action across all sectors and all parts of the UK to adapt and become more resilient to those impacts of climate change that cannot now be avoided, in line with UK Climate Change Risk Assessments. 3. Respect and act on all the advice of the expert independent Climate Change Committee, including its warning in its most recent Progress Report that “the UK will continue to need some oil and gas until it reaches Net Zero, but this does not in itself justify the development of new North Sea fields”. 4. Lead by example internationally on climate change, including through the implementation of the decision at COP28 in Dubai in December 2023, and the commitment to “transitioning away from fossil fuels in energy systems, in a just, orderly and equitable manner, accelerating action in this critical decade, so as to achieve net zero by 2050 in keeping with the science”. 5. Increase public and private funding and support for climate change mitigation and adaptation in developing countries. Without such a pledge, we do not believe that your Party deserves support in the forthcoming General Election. The stakes couldn’t be higher for this next Government. If you’re wondering who to vote for in your area to make your vote count for climate action, register with VoteClimate.uk to receive tailored guidance. #vote #2024election #climateaction

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It's been an exciting two weeks for climate action and carbon market integrity progress! The Integrity Council for the Voluntary Carbon Market (ICVCM) has just released its initial methodology assessments. These assessments are important to ensuring that carbon credits meet rigorous standards, promoting transparency, credibility and trust in the voluntary carbon market. https://lnkd.in/gqEmcNbq Additionally, the Biden administration unveiled its Principles for High-Integrity Voluntary Carbon Markets aiming to bolster the credibility of carbon offset initiatives in the fight against climate change. These principles emphasize robust measurement, verification and utilization, ensuring that every carbon credit represents a real and measurable climate benefit. https://lnkd.in/gcAZ94sN Integrity is critical to the functioning and expansion of the VCM, and initiatives like these demonstrate welcome progress.

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In the middle of a heatwave, I am representing Rabin Martin at the London Climate Action Week's Climate Action | Innovation Forum 2024. How ironic… Today, we are discussing the importance of private sector investment in addressing climate change and the need for policy accountability, support, and stability. There needs to be a urgent focus on sustainable energy solutions to overcome barriers like low ROI in renewables and reliance on harmful emissions. Investment in infrastructure crucial for successful transition. Key action items: 1. 70% of the world's population will live in cities by 2050, we must address the role of cities and climate action, including building sustainable and appropriate infrastructure to meet demand. 2. Data is the key to unlocking issues and directing investment – around data use to identify issues, challenges, IPO moratoriums, and infrastructure barriers. 3. Scaling of innovative solutions that can improve energy access and standards, particularly addressing health equity issues such as gender. 4. Sector-specific implementation pathways to support countries' climate commitments. 5. Address barriers to private investment like risk perception, cost of capital, and lack of local presence for investors in Africa. 6. Health systems need financing to adapt to the impact of climate change, and education is needed for healthcare companies to support meaningful ESG commitments. We must continue to share experiences on overcoming challenges to accelerate climate action, but discussion must be complemented with commitment from all stakeholders including private sector and governments. #climateactionweek #climatechange #healthequity

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Some really important new research from UNEP-WCMC, showing just how valuable investing in nature can be - for the UK, it's suggested that for every £1 invested in closing the natural capital gap, £34 will be returned in benefits. This benefit-cost ratio is well above the average for the 40 countries considered.     The total potential net benefit for the United Kingdom is about £1 trillion over the period 2021 to 2030.    The potential benefits are huge, not least as these figures are likely to be underestimates. They show how much of an opportunity there is for investing in nature and the scale of rewards to us all, as we tangibly see nature's recovery over time and for generations to come. This report follows recent research from Green Finance Institute that shared nature loss could lead to an estimated 6-12% loss of GDP in the coming years, greater than that in the global financial and Covid-19 crises.  Read more here: https://lnkd.in/eGRReRPy  #Economy #NatureBasedSolutions #Investment

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This was the vision of our 2021 XPRIZE Carbon Removal project that was rejected by XPRIZE in 2022...

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Perhaps the world is waking up and realising that no carbon credit is as important and valuable for our planet as a REDD+ credit. The Integrity Council for the Voluntary Carbon Market (ICVCM) has approved three REDD+ methodologies, as high-integrity Now all we need is for bodies like Verra to stop overreacting to negative press (you cannot appease anti-market fundamentalists, or academics funded by oil countries), stop overreaching (stick to the science, no need for arbitrary virtue-signaling changes), and start realising that project developers are their customers, and that customer service (including timeliness) is extremely important. Demand is going to take off in the next years, as thousands of large firms approach the 2030 deadline for their NetZero pledges. (High quality) REDD+ will be key.

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"we need to put people at the heart of climate action" - CAST research confirms what many of us in the field know - transformative systems change can not happen without working on models of co-design and participatory decision-making. Ownership and agency is key for people to not just see themselves in the climate story - but to see their own power to have impact. #climate #communications #climateAction

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UK Rises as Carbon Removal Hub The United Kingdom is emerging as a prime location for the development and expansion of #carbonremovaltechnologies, primarily due to its government's unwavering support for #carboncapture and storage initiatives. In a significant endorsement of #greentechnologies, the Autumn budget revealed by Chancellor Rachel Reeves allocated billions to eco-friendly innovations, notably hydrogen power and carbon capture. This fiscal encouragement has propelled London to become a leading city for climate tech funding in 2023, second only to Stockholm, signaling the UK's growing prominence in this sector. neustark, a Swiss startup specializing in carbon removal, has chosen the UK for its latest venture, in collaboration with Aggregate Industries, to introduce its ground-breaking technology aimed at extracting carbon from the atmosphere to be encapsulated in recycled concrete. This partnership marks Neustark's first foray into the British market, with a site in Greenwich initiating operations to sequester 1,000 tonnes of carbon dioxide annually. Despite the UK's advantageous market conditions—highlighted by a mature supply chain, robust infrastructure, and governmental backing—Neustark's CEO, Valentin Gutknecht, notes a shortfall in the integration of carbon removal technologies beyond the oil and gas sectors, advocating for a broader application across various industries. Amidst this optimistic backdrop, concerns linger regarding the efficacy of carbon capture technologies in achieving net-zero emissions, underscored by a 2022 report from the Institute for Energy Economics and Financial Analysis, which casts doubts on the performance of current carbon capture projects and their role in the global pursuit of net-zero objectives. https://lnkd.in/dNHvqZuD Platform: UK Tech News Author: Oscar Hornstein #carbonremoval #climatetech #unitedkingdom #climatechange #technology #climatetechnews #environmentaltechnologies

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Our WRAP reports out today reveal the perfect storm facing the UK's textile reuse and recycling industry, as the sector has indeed been warning. 👕 In 2022 UK citizens bought 1.42 million tonnes of clothes & textiles. We also donated and disposed of 1.45 million tonnes. 🧺 We're throwing away 49% of used textiles in the bin - some 35 items per person a year on average going to landfill and incineration. It's a shocker. ♻️ Low-quality fast fashion is devaluing textile donations, putting financial strain on the reuse and recycling sector and impacting countries such as Ghana or Kenya that import second hand clothes. This is undermining some parts of the industry's ambitions to move towards a circular economy. WRAP is calling on brands, retailers, investors and governments to step up support for change. We also need improved designs to make clothes last longer through durability, enabling circular business models to scale and reduce ever increasing consumption. Read all about it 👉 : Textile Market Situation Report https://lnkd.in/ei8T-UWi Post-Consumer Textile Landscape Review https://lnkd.in/eZJX93xF Textile Waste Hotspots Report https://lnkd.in/eiWxyGit Textiles2030 brings the UK fashion industry together to tackle these issues and accelerate a circular clothing. Find out more & maybe get involved 👉: https://lnkd.in/eBzCpBJd

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Join the discussion with the leaders and decision makers in our #sustainable future 👇

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https://lnkd.in/efuGjSjH If you are looking for a new perspective on climate change and solution, I would like to recommend Hannah Ritchie's and Rob Steward's excellent podcasts. The first two — which you can listen — feature Kingsmill Bond (who does fantastic work on the energy transition at the Rocky Mountain Institute) and Sir David King (formerly Chief Scientific Adviser to the UK Government). These first two episodes have quite a different tone and level of optimism; a divergence which makes these conversations even more interesting for me. #climatechange #energytransition

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I am thrilled to announce our recent investment in My Emissions, a pioneering startup in the food carbon tracking industry. Led by the impressive talents of Matthew Isaacs, Nathan Bottomley, and their team, MyEmissions has developed a platform that not only calculates and reduces carbon emissions but also provides carbon labelling for food products, solving a major problem for the food industry. This solution has already garnered trust among major global food brands, marking a significant step towards sustainable food production. At Raspberry Ventures, we are committed to supporting ventures that lead their categories in addressing climate challenges. We believe MyEmissions is set to make a substantial impact in achieving a net-zero future in the food sector. #CarbonTracking #NetZero #FoodTech #Sustainability #Innovation Rainmaking

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In our response to the default energy tariffs for households call for evidence from the government Department for Energy Security and Net Zero (DEZNZ), Centre for Sustainable Energy highlights a move to half-hourly electricity pricing could leave many households behind. The UK government is seeking views on new “default” energy tariffs that would charge households different prices depending on the time of day they use electricity. The proposed change is part of efforts to make Britain’s energy system more flexible and maximise use of renewable energy like wind and solar. In our full response, we discuss how half hourly pricing could be an important part of encouraging people to use energy more flexibly, a change vital in the transition to a low carbon energy system. But we raise concerns that any shift to time-of-use pricing threatens to exclude large numbers of people, entrenching inequality in the energy market. #energypolicy #energytariff #fairness #energyadvice Response to default energy tariffs for households: call for evidence - Centre for Sustainable Energy (cse.org.uk)

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This is a really big deal. Access to debt financing is absolutely essential to scaling carbon reduction and removal technologies and projects. There are myriad reasons why traditional lenders generally won’t go near these types of projects- technology risk, market risk, geographic risk, low credit worthy borrowers (e.g. startups) but most importantly a lack of understanding in traditional financial institutions about how to assess and price risk in carbon markets and the fact that the carbon credits and subsequent revenue streams aren’t considered “real” revenue for the projects. If we can’t get over this hurdle technologies who’s ONLY revenue is carbon credits will never actually get off the ground. When I was working on deal financing in the very earliest days of the carbon market at The Climate Trust, we had to fund every project through our grant revenue- there was just no other money to be found. In order to scale institutional investments in carbon mitigation we’re going to need to develop: 1) transparent and clear pricing and terms, 2) clear off take agreements from big balance sheet companies, 3) appropriately tailored risk mitigation instruments (think guarantees, insurance etc) but most importantly sustained and demonstrated DEMAND for the mitigation outcomes (carbon removal carbon credits) from these projects. Deal arrangers and brokers such as CUR8 and Center for Green Market Activation will be essential to supporting these early days of deals. There’s a lot of talk out there about how the market is a “failure”- but the reality is, it hasn’t even come close to getting started in traditional capital markets. There is no scale in this market without capital and there is no scale in capital and returns without access to debt (and ideally affordable debt). I am sure this was an incredibly heavy lift for the entire deal team so huge congrats to you Chris Leeds, Bill Winters and Standard Chartered for this amazing milestone! Thank you and keep it up! #millionstotrillions #climateactionnow #carboncreditswork

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