Archive for the ‘Change for Good’ Category

Grass roots projects are “the way to low carbon UK, says coalition of 12 m.

February 1, 2012 Change for Good, Clean Energy, Finance

The civil society groups advocating more locally owned wind and solar farms include some of the leading UK NGOs, including the Co-operative, the National Trust, the Church of England and the National Federation of Women’s Institutes. Patrick Begg, director of rural enterprise at the National Trust: “Many other European countries are way ahead of the UK, as we found out when visiting German communities last year. Germany produces over 20% of its electricity from renewable sources, with communities generating about a quarter of this. In the UK, less than 1% is generated by our communities.”

Ecotricity eco-bond oversubscribed by 62%.

December 19, 2011 Change for Good, Clean Energy, Finance

Seeking £10 million of funding from customers and the public to help accelerate the building of new  renewables projects, more than 2,000 people had between them applied for £16.2 million worth of ecobonds by the deadline, exceeding the success of ecobond one last year. The bond had a minimum investment of £500 and an initial term of four years. Ecotricity also offered a preferential rate to its customers – 6.5% as opposed to the 6% for non customers.

Co-op aims to create an new social asset class to lend to developing country co-ops.

December 11, 2011 Change for Good, Finance

The UK’s Co-operative Bank aims to create a new asset class providing growth capital for co-operative businesses in the developing world, starting with a new fund just launched, the Global Development Co-operative, which aims to raise $50m, which it will lend at low rates (2-5 per cent) to co-operatives looking to expand. Investors would gain a social return, and at best the return of their capital. Eight investors are backing it, and is seeking support from global investors and foundations interested in international development and investments with a social impact.

Carbon trading “not working” UBS says, as carbon price hits record low.

November 25, 2011 Change for Good
The price of carbon permits has fallen to an all-time low. Bankers and traders now  question the future of the EU and UN cap-and-trade scheme. “The carbon scheme isn’t working,” Per Lekander, analyst at Swiss bank UBS writes.

Damning inditement of James and Rupert Murdoch in the FT.

November 10, 2011 Change for Good
Philip Stevens writes that whatever the ultimate truth, the damage to the dynasty by its trail of “criminality masquerading as journalism” has been done. “The original crimes and subsequent efforts at cover-up reveal a company out of control – devoid of even the most basic ethical standards and convinced that it could bully and bluster its way out of trouble. Whether innocent or complicit the Murdochs, senior and junior, were culpable.”

FBI raids Solyndra’s offices.

September 8, 2011 Change for Good

They are investigating wastage of public money. US taxpayers face a possible $587m bill.

Solar lanterns are increasingly replacing kerosene across Africa and Asia.

August 25, 2011 Change for Good, Clean Energy

But many problems and barriers remain in these “distribution cursed” markets, Renewable Energy World reports.

UK defence ministry opposes windfarms because they “interfere” with detection of nuclear tests.

August 19, 2011 Change for Good

Hundreds of turbines have been turned down on application because of the MoD’s concerns for its Eskdaleuir array, the Guardian reveals.

UK banks still fund cluster bomb makers.

August 16, 2011 Change for Good

RBS, Lloyds TSB, Barclays and HSBC have all provided hundreds of millions of pounds to companies that manufacture cluster bombs. This despite a growing global ban outlawing the production and trade therein.

Demonstration in China forces closure of chemical plant after near flood by sea.

August 14, 2011 Change for Good, Climate, Oil

The petrochemical plant was feared by the population, and then a tropical storm nearly flooded it. 12,000 gathered, convened by Chinese social media (Twitter being banned in China), and the local government quickly closed the plant.

Flourishing business can happen without a growth fixation: Jules Peck.

July 1, 2011 Change for Good

Jules’s many arguments include the following: “In the US 930 electric co-operatives are the sole source of electricity for 42 million people in 47 states. That’s nearly 12% of the nation’s population. They control $100 billion in assets and $31 billion in member equity.”

“Rise of the radical”: today’s outlier ideas may soon become inescapable.

July 1, 2011 Change for Good, Commentaries, Finance, Oil

“The time is approaching when hanging on the familiar notions of oil dependency, the big book of banking and growth at any price will no longer be workable. We may be obliged to rewrite the rules – all of them.” My latest column in Sublime.

Regeneration is best done through localisation.

May 30, 2011 Change for Good, Commentaries

A Sublime magazine column by Jeremy Leggett argues that there is huge scope for individual and community action to change the world.

Companies need to prepare for a post-growth focus on wellbeing.

May 24, 2011 Change for Good

So Jules Peck argues. “There is a rising debate about the need to move beyond growth, with numerous Nobel prizewinners, politicians and business leaders such as Adair Turner, Ian Cheshire, Bernie Bulkin and 77% of the members of Prince Charles’s Cambridge programme for sustainability leadership agreeing on the need to question and dethrone growth.”

“I thought many others would feel the same”

May 20, 2011 Change for Good, Commentaries

….”but that proved to be naïve”. James Murray and Jeremy Leggett discuss peak oil, Damascene Conversions, and the realities of running a green business. Business Green.

Integrated corporate reporting draws nearer?

May 18, 2011 Change for Good

John Elkington reports encouraging developments from the International Integrated Reporting Committee’s (IIRC) latest meeting. Nike wants to drop sustainability language and adopt value-creation language using green yardsticks routinely.

“Hold that horse: we’re running out of time”.

April 6, 2011 Change for Good, Climate, Commentaries, Finance, Oil

So Jeremy Leggett argues in Sublime magazine. “It’s absolutely vital that, as far as the three major crisis debates are concerned – finance, energy, climate – each of us makes up our mind about what we think.” (Not the sub-editor’s finest effort, I have to say).

“Prosperity Without Growth: Economics for a Finite Planet” by Tim Jackson.

January 23, 2011 Change for Good, Commentaries

“We must repudiate traditional economics if we’re to save the planet, says Jeremy Leggett”. My Guardian review of Tim Jackson’s book, supporting his view that capitalism in the form into which we have allowed it to evolve is killing economies and ecosystems alike. Re-engineering of the system is essential.

“The singular genius of a simple solar lantern”.

October 18, 2010 Change for Good, Clean Energy, Commentaries

On the Huffington Post, Jeremy Leggett celebrates the BBC’s decision to make a solar lamp and charger its 100th object in “A History of the World in One Hundred Objects”. Article on the hope inherent in solar lanterns and zero carbon homes.

“You are you mission”: the importance of purpose in organisations.

September 1, 2010 Change for Good, Commentaries

“With global society recovering form the credit crunch, and facing a climate-change crisis, companies and non-profit organisations alike must recast their raison d’etre”. So I argue in this Sublime column.

Lend Lease bans its subsidiary Bovis from nuclear work because it is “unethical”.

June 11, 2010 Change for Good, Nuclear

Bovis Lend Lease has had to pull out of a nuclear deal with EDF energy at the eleventh-hour after parent company Lend Lease objected to working in the sector.

  • My most recent commentaries

    • Comment on HMG’s decision to take their illegal FiT plan to the Supreme Court.

      Jeremy Leggett: “We have been expecting this but we hoped that Ed Davey would see sense and not take the appeal. If we are lucky this is just a cynical exercise to limit the market to 3rd March and they will withdraw in a few weeks. If not, and they really are serious about a Supreme Court appeal, then the implications for the renewables industry are deeply worrying. Two weeks ago, Ministers reassured the industry that they wanted to see 4 million solar homes in the UK by 2020. This appeal completely undermines that claim. They need to stop rewriting the scheme, end the constant stop-start and provide long-term stability and meaningful returns for investors and customers and give certainty to the 30,000+ employees of this successful industry – one of the few that is actively creating jobs in this country. If the appeal is successful it will allow Government to change feed-in tariffs whenever it chooses, even for projects that are already installed and supposedly guaranteed the feed-in tariff. At a stroke, this would undermine investment in all UK renewables, not just PV, and show investors that the UK government simply cannot be trusted. Fortunately their arguments are weak. They are the same ones unanimously rejected by the Court of Appeal so I wouldn’t give them much chance of success. Sadly, this appeal has the whiff of farce about it. First they try to woo private capital into infrastructure; then they mismanage it; now they go to the Supreme Court to argue for sovereign default to cover their tracks. I just hope the new Secretary of State actually understands what his lawyers are doing.”

    • Climate change should mean a 100% renewables by 2030 target.

      Interview at the Oxford Climate Forum, in Oxford university student magazine, Cherwell: “There are people who are worried about peak oil who aren’t worried about climate change. And vice versa. I’m worried about both. With both of them, at a minimum it’s about wrecking the global economy. A lot more in the case of climate change. These are high stakes issues. And both are high risk. In fact, climate change isn’t just high risk. It’s odds on certainty.” More.

    • UK government loses appeal on illegality of DECC’s solar feed-in tariff cuts.

      Three more judges rule, in the Appeal Court that the government’s proposal to cut tariffs from 12 December was illegal. Business Green: “Jeremy Leggett, chairman of Solarcentury, said the news was a positive outcome for the entire renewable energy industry: “Today we have reminded government that it will be held to account when it acts illegally and tries to push through unlawful policy changes. We would much prefer not to have taken this path but ministers gave us no choice. Our hope now is that we can work together again to restore the thriving jobs-rich solar sector that has been so badly undermined by government actions since October”.”

    • “The carbon bubble will burst – we must be prepared this time”.

      Business Green: “This is really important. No matter where you stand in the green debate, the threat posed by the systemic over valuation of carbon intensive firms and assets is a critical issue that should concern you – really, really concern you.” …. That is the warning currently being sounded by the recently launched Carbon Tracker Initiative, which last week released its second report on the scale of the so-called “carbon bubble” and wrote to Bank of England Governor Mervyn King urging him to take action. The two reports from the group – which is backed by some high profile green thinkers and investors, including the WWF, Solarcentury chairman Jeremy Leggett, former chief scientist Sir David King, and Conservative MP Zac Goldsmith – should be required reading for political leaders, business leaders, and economists everywhere. If there was any sense of proportion, it would be at the top of the agenda at this week’s annual billionaire schmooze-fest at the World Economic Forum in Davos.”

    • Investors ask BoE to probe risk that fossil-fuel reserves pose “sub-prime” risk.

      Fossil fuel reserves listed in the City of London are “sub-prime” assets posing a systemic risk to economic stability. So warns a high-profile coalition of investors, politicians and scientists , writing an open letter to Sir Mervyn King asking him to launch an investigation. Signatories include Aviva Investors, Climate Change Capital, Conservative politician Zac Goldsmith and Solarcentury chairman Jeremy Leggett. Abatement policies could mean billions of pounds of fossil fuel reserves will rapidly lose value and cause a “major problem” for institutional investors and pension funds. Guardian: “CarbonTracker’s latest report reveals that coal reserves held by 16 London-listed companies will release 45bn tonnes of CO2 when burned, equivalent to 86 years of annual UK emissions, which are the tenth highest in the world. Most of the coal is in other countries such as Australia and South Africa.”

    • Richard Branson: “the absolute necessity” of investing in renewables.

      Richard Branson, in posting my latest blog on his website: “Struck by this email from my friend Dr Jeremy Leggett over Christmas highlighting the growing divide between those that believe in the absolute necessity of investing in renewable fuels and those who ignore the obvious need – preferring to focus on short term goals and profits. I believe we must keep investing in alternative fuels to help reduce our Global carbon problem. Those fearing that economic growth will be stifled by investment in renewables are wrong.” etc.

    • High Court rules UK government has acted illegally of solar feed-in tariff target date.

      My message to BBC Radio’s The World Tonight: let us turn this humiliation for HMG into something positive and get back to where we were: creating jobs the nation needs in these hard times. And to Business Green: “We encourage the Secretary of State to accept the judge’s very clear ruling, to not plunge the industry into a further period of uncertainty by considering going to appeal, and to conduct the remainder of the current consultation process properly with constructive conversations with the industry.”

    • Big 6 pressure on UK government led to UK solar feed-in tariff ambush.

      My view in the Huffington Post: “There are only two possibilities, given the absence of a credible savings narrative and the seemingly lethal intent of the six week warning and the market-shrivelling energy-efficiency pre-qualification. One is breathtaking collective incompetence. The other is conspiracy.
      The answer is conspiracy. So I have been told in recent weeks by insiders in Whitehall, Westminster, and in the relevant parts of the energy, PR, and financial industries.”

    • Countercurrents: the triple crunch we face and the barriers to renaissance.

      In an extended interview in India, I talk about the similarities between the credit crunch and the peak oil issue, and the power of renewables and why clean-energy industries are being held back.

    • “A focus on renewables would allow the Government to deliver on some of its cornerstone mantras”.

      My latest column in Sublime magazine: “The current government in Britain appears to be playing fast and loose with some fantastic renewable energy opportunities – and ones that could provide much-needed jobs. what is that about? If the British Prime Minister were being authentic, he could be leading on an impressive story right now. Those of his core mantras that involve energy, taken together in strategic harness, make for an inspiring vision. Picture the scene. His Big Society concept sees communities taking power for themselves, providing for themselves. In short, Britain could be less centralised, more community-centric, more resilient to economic shocks.”

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