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COP26 president: Businesses must “pick up the planet” and help tackle climate change
May 24, 2021

Alok Sharma, the president of COP26 (2021 United Nations Climate Change Conference) has announced COP26 must spell the end of global coal power generation and permanently consign the polluting fossil fuel to history.

The threat of climate change

In a speech last week held outside Glasgow at the Whitelee wind farm, the COP26 President-Designate urged policymakers, businesses and individuals to “pick the planet” and help tackle the existential threat of climate change.


Alok Sharma drew attention to the negative impact of climate change with the occurrence of wildfires in the Pennies and floods in West Lothian. Alongside the rising level of pollution in the atmosphere. 


Alok Sharma :“And if we do not act now, the science tells us these effects will become more frequent and more brutal. That we will witness a scale of global catastrophe, the likes of which the world has not seen, and quite rightly, future generations will hold us responsible.”

The urgency to address climate change

It is also indicated that we must demonstrate the same sense of urgency we are showing in our fight against coronavirus when it comes to tackling climate change.


In his speech, he stressed COP26 is the “world’s best chance of building a cleaner, greener future” and limiting rising global temperatures to 1.5°C. Mr Sharma said the government is planning for an in-person summit but was keen to highlight that the safety of delegates and the local community “will be paramount”.

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06 Jul, 2022
Balancing planet and profit during unprecedented market volatility
By Vander Caceres 14 Jun, 2022
Wholesale energy prices have experienced unprecedented levels of volatility since the end of summer 2021, with both day ahead/spot and future contracts surging to all-time highs. In the last couple of months, prices have decreased but still remain high compared to a year ago. This period of high energy prices is expected to continue for the foreseeable future (see next section). Energy prices have surged for a number of reasons: A global increase in gas demand following the ease or end of Covid-related restrictions throughout 2021. After the pandemic, economies across the world started to recover. Asian countries like China saw their imports of Liquified Natural Gas (LNG) increase. This resulted in lower LNG shipments to the UK and Europe. On the supply side, the Covid-19 lockdowns pushed some maintenance work from 2020 into 2021 at a time when demand was recovering. In 2021, gas production hit a record low of 363TWh, 47TWh below the previous record low in 2013. Low production was the result of an extensive summer maintenance schedule which saw shutdowns at several major terminals, as well as the Forties Pipeline System which serves a significant proportion of UK gas and oil production. A lack of wind in the summer resulted in higher demand for conventional power. European gas storage in 2021 and Q1’22 remained far below previous years and it’s unclear how these are going to be replenished in the summer given the concerns around supply including the potential suspension of Russian gas flows due to sanctions. The 1,234km offshore Nord Stream 2 gas pipeline, which was designed to double the flow of gas between Russia and Germany (and by extension the rest of Europe) has been abandoned following the invasion of Ukraine. Gas storage in the UK is extremely minimal with capacity at less than 2% of the UK’s annual demand, compared with 22% for other European countries. Whilst the UK is not heavily reliant on gas coming from Russia, it sources almost half it’s gas supply from Europe. Hence, wholesale gas and power prices in the UK are now subject to knock-on-effects from the conflict in Ukraine.
20 May, 2022
Amidst rising energy costs, digitalisation, growing pressure from stakeholders and increasing regulation, organisations may struggle to define their pathway to a low-carbon future. What can you do to protect your business’ net zero plans from the challenges of volatility? Disruption and volatility are putting organisations under pressure. Digitalisation and new technology developments continue to challenge existing business models. Its increasing dependence on energy and encouraging businesses to drive change to secure competitive advantage. And as customers, employees and shareholders look to engage with companies who understand the importance of decarbonisation, pressure is mounting to prioritise sustainability.
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