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UK local authorities increase climate projects despite budget constraints. Nearly half report financial hurdles, with £67 billion identified for climate initiatives. A new CDP report highlights the importance of local actions amid projected GDP declines due to climate disruptions.
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UK aims for 45,000 jobs with new wind strategy. The Onshore Wind Strategy seeks to reverse stagnation, creating skilled jobs and expanding wind capacity by 2030. It includes measures for faster development, community funding, and industry collaboration.
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Phlair and Carbon Removal to build Norway’s first DAC facility. The Øygarden project aims to remove 60,000 tonnes of CO2 annually, scaling to 500,000 tonnes, using DAC technology powered by solar energy, enhancing Europe’s carbon management capabilities….
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Fleet demand has powered the UK’s electric vehicle market. The new-car market recorded its strongest June since 2019. Battery-electric vehicle registrations rose 34.6 percent year-on-year in the first half, but private uptake remains subdued and the 2025 ZEV target is still out of reach.
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JPMorgan’s Kinexys tests blockchain to tokenize carbon credits. The initiative seeks to address standardization and transparency issues in the voluntary carbon market, partnering with S&P Global Commodity Insights, EcoRegistry, and the International Carbon Registry to facilitate credit tokenization….
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Rachel Reeves will announce a new Pension Adequacy Commission on 15 July. The review will assess whether UK workplace-saving rules provide adequate retirement income and is set to report back in 2026, amid growing scrutiny of pension outcomes for both employees and the self-employed.
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New rules requiring small businesses to file detailed accounts paused. The government has delayed implementing Companies House reforms over concerns about excessive regulatory burdens on smaller businesses, aligning with its strategy to reduce administrative costs and support economic growth.
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Office design now shapes whether young talent stays or goes. Nearly half of UK workers aged 24–35 would consider leaving due to poor office environments, new Kinly research reveals. Companies are responding with investments in visual tech to boost wellbeing and productivity.
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ISSB releases new exposure drafts amending SASB sustainability standards. The drafts focus on nine priority industries, aligning SASB standards with ISSB requirements. Stakeholders can provide feedback until 30 November, with final enhancements expected in 2026….
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Bank of England shows openness to stablecoins in wholesale markets. Sasha Mills, Executive Director of Financial Market Infrastructure, indicated a potential role for stablecoins in wholesale markets, signalling a shift from the Bank’s cautious stance, amidst industry feedback.