London-based businesses will be able to take advantage of an innovative new
programme designed to cut the carbon emissions of buildings in the capital,
announced by Ken Livingstone in association with 15 of the world’s biggest
Efficiency Building Programme aims to reduce the carbon footprint of the
capital’s buildings, which account for almost 75% of London’s emissions.
The programme, which was first developed by the
Climate Initiative, brings together four of the world’s largest energy
service companies, five of the world’s largest banks and the 15 cities.
It will offer building owners a package with three elements:
• An energy audit to quantify current energy use and emissions from a
building and a range of measures to reduce them;
• A comprehensive, discounted offer of goods and services guaranteed to
deliver the identified reductions; and
• Finance to pay for the works, paid back through the guaranteed energy
Separately, Citigroup, one of the banks taking part in the programme, has
said it will direct $50bn over the next 10 years to address global climate
The bank said it would target investments to support alternative energy and
clean technology among its clients as well as its own business, and includes
$10bn already spent. “The comprehensive program… is not a wish-list, but a
realistic, achievable plan that serves a critical global need and responds to an
emerging investment opportunity,” said chairman and CEO, Charles Prince.
Some of the initiatives Citi highlighted were to:
• Reduce its environmental footprint through its own real estate portfolio,
procurement and energy use;
• Invest in and finance more than $31bn in clean energy and alternative
technology over the next 10 years; and
• Offer climate-friendly mortgage, card and commercial finance products.
Ahead of his first major speech as Chancellor at the Conservative Party Conference, Phillip Hammond is being urged to overhaul the way tax policy is made in the UK.
Tax breaks are a very enticing incentive for developing and managing a green management strategy, writes Graham Jarvis
Chancellor Philip Hammond has indicated that he will scrap predecessor George Osborne’s pledge to cut corporation tax to below 15%
Large businesses are increasingly ‘low risk’ when it comes to tax planning, says Pinsent Masons, the international law firm