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UK greenhouse gas emissions fell by 0.5% in 2024. The decline was driven by reduced manufacturing emissions, but transport and household emissions increased, highlighting the need for circularity in climate plans.
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UK manufacturing rebounds as activity reaches two-month high. The latest PMI from S&P Global indicates a rise in business activity, with manufacturing hitting a 13-month high. However, the economy remains fragile, with concerns over falling exports and upcoming budget impacts.
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Google partners with I Squared Capital and LCI for CCS project. Google, I Squared Capital, and LCI have launched a partnership to develop a large-scale natural gas power plant with carbon capture technology in the US, marking a significant step in Google’s clean energy strategy….
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OpenAI partners with UK Ministry of Justice to enhance AI use. The agreement allows 2,500 civil servants to access ChatGPT, aiming to modernise public services. It forms part of the UK’s AI Action Plan, enhancing sovereign AI capabilities and increasing efficiency.
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UK financial system faces rising geopolitical and cyber threats. Nikhil Rathi, FCA Chief Executive, warns of inadequate preparedness against threats affecting financial stability, insurance coverage, and systemic risks, urging enhanced collaboration and investment to bolster resilience and operational strength.
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Labour considers granting unions weekly workplace access, facing criticism. The proposed Employment Rights Bill could fine employers up to £75,000 for denying union access. Critics argue it empowers unions excessively, while supporters claim it benefits workers in insecure jobs.
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Diligent and Persefoni partner to enhance sustainability reporting solutions. Diligent will transition its carbon accounting clients to Persefoni’s platform, gaining equity in Persefoni. This partnership aims to offer advanced carbon management capabilities, reinforcing Diligent’s commitment to the ESG market….
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New Zealand revises climate disclosure rules to ease burdens. The government plans to raise reporting thresholds and reduce director liability, addressing concerns over compliance costs and market deterrents. Legislation to implement these changes is expected by 2026….
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Paris court rules against TotalEnergies in greenwashing case. The court found TotalEnergies’ sustainability claims misleading, ordering their removal from its website. The ruling, following a lawsuit by Greenpeace France and others, marks a first against an oil major’s net-zero narrative….
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Mirova achieves €1.2 billion in commitments for MET6 fund. The investment manager aims to reach €2 billion by 2025, focusing on energy transition infrastructure across OECD countries, with significant investments already deployed and a robust pipeline of opportunities….