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Its resolution, which will need the support of 75% of shareholders, includes a commitment to set a clear, science-based strategy with short and medium term targets
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That’s the suggestion from Bill Rees, Commercial Director at Centrica Business Solutions, who told future Net Zero about how financial challenges on the road to net zero can best be overcome
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That’s the suggestion from John Hartley, Director of Product Management at Centrica Business Solutions, who told us about the importance of a successful decarbonisation strategy to thrive in the lead-up towards 2050
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The rule, which will take effect at the end of 2020, expands on the firm’s previous thermal coal exclusion policy
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The bank, which financed nearly $11 billion in fossil fuel expansion in 2019 alone, has not elaborated on its plans to reach the target
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The group has also pledged to fully phase out coal financing by 2030
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The financing agreement follows the ground-breaking of the ‘Väven’ project yesterday, which will consist of 116 energy efficient rental homes
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They will cover investments in technologies such as thermal insulation, solar panels, geothermal heat pumps and water-efficient irrigation systems
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Funding will be used to help developing countries deal with the impacts of climate change
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Public transport provider RET will also use the financing to install charging infrastructure for the vehicles
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It warns of a potential supply shortage in the mid-2020s unless new production commitments are made soon
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The proposed reactors to be installed at Wylfa were given the green light by UK regulators last year
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