Here at Redsand Ventures, we’ve compiled the top sustainability news stories of the second quarter of 2021.
As the world continues to battle against the Covid-19 pandemic, there have been plenty of developments in the equally important fight the planet is engaged in against the climate crisis.
With countries seeing soaring temperatures amid increasing green commitments from governments, organisations and businesses, operating sustainably and embracing what’s best for the planet as well as profit is increasingly high on the agenda for our leaders.
We’ve picked out some of the top sustainability news stories for you as attention locks on green innovation.
Read our news selection from the first three months of the year and check out our latest list of must-read news items below…
10. Aviation industry and its attempts to decarbonise
The UK’s Gatwick Airport has released its second Decade of Change sustainability policy looking ahead to 2030 and outlining its goals on the transition to net-zero.
According to airport operators, 60% of journeys to and from the airport will be zero or ultra-low emissions by 2030.
9. London remains centre for green finance
London has held on to one of the top spots for green finance quality in Z/Yen’s latest index, but Western Europe’s overall dominance is starting to slip.
In its Global Green Finance Index (GGFI), the City of London think tank ranked 78 financial centres across the world for their public, private and non-profit investment in sustainable development projects. London is third, behind Amsterdam and Zurich in the list.
8. G7 misses opportunity on climate action
The G7 nations have agreed to step up action on climate change and renewed a pledge to raise $100bn a year to help poor countries cut emissions.
After a summit in Britain, G7 leaders also promised to help developing countries move away from coal.
However, many campaigners have criticised the world leaders, saying that their commitments do not go far enough.
7. BSI launches natural capital accounting standards
The British Standards Institution (BSI) has issued its first standard aimed at helping businesses and public sector bodies measure the extent and value of their impacts on nature.
6. Gabon is first African country to get paid for reducing carbon emissions
Gabon has become the first country in Africa to get paid for reducing carbon emissions and forest degradation.
The €14 million reward is based on an independent assessment of the country’s efforts to reduce CO2 emissions in 2016 and 2017.
5. Taskforce on Nature-Related Financial Disclosures (TNFD) launches
The TNFD has launched, aiming to help businesses assess nature-related risks and opportunities, such as legal liabilities and systemic loss of soil fertility.
4. Court orders Royal Dutch Shell to cut carbon emissions by 45% by 2030
A court in the Hague has ordered Royal Dutch Shell to cut its global carbon emissions by 45% by the end of 2030 compared with 2019 levels. This landmark case was brought by Friends of the Earth and over 17,000 co-plaintiffs.
3. Dasgupta Review: the response
The Dasgupta Review was our number one sustainability news stories from the first part of the year and now the UK government has accepted two of the most fundamental arguments of the review: that nature is what ultimately sustains our economies and that reversing biodiversity loss is foundational to achieving a nature positive economy. But is this enough?
2. European Union Climate Law
As one of the key elements of the European Green Deal, the European Climate Law enshrines the EU’s commitment to reaching climate neutrality by 2050 and the intermediate target of reducing net greenhouse gas emissions by at least 55% by 2030.
1. Millions of green jobs could be created by 2030 with sustainable investing
European firms could create up to 5.7 million new green jobs by 2030 by investing in digital and sustainability transformations, according to a new report.
We’ll be providing another round up of the top stories for quarter three. But in the meantime, please connect with the Redsand Ventures Your Voice Group for regular updates and stories from the innovation community.