Tag: net zero

Lothian’s on the road to net zero!

Arriving now: Edinburgh’s first fully electric double decker buses

Today sees the official launch of Edinburgh’s first fully electric double decker buses, thanks to major funding from SP Energy Networks working in partnership with Lothian buses.

The £1.7million project was funded as a flagship project of SP Energy Networks’ £20million Green Economy Fund to enable Edinburgh to take a major step in its journey towards the city becoming Net Zero by 2030.

These buses will bring immediate benefits to the city and the communities in which they operate, helping improve the city’s air quality and delivering multiple health benefits.

Lothian’s four brand new all-electric double decker buses will be introduced onto route 10, which connects outlying parts of the city, Western Harbour and Bonaly with Edinburgh’s city centre.

The City of Edinburgh Council has committed to establish a Low Emission Zone (LEZ), reducing the carbon footprint of public transport and the new Lothian electric buses are a statement of intent for the city’s transport network.

The launch of these buses will play a big part in the city’s green transport infrastructure.

Through the Green Economy Fund, SP Energy Networks is investing in the communities that it serves to support the UK and Scottish governments’ green energy ambitions. It also contributes to government plans to meet climate change targets, boost local economic growth, improve air quality across the country and deliver a better future, quicker for our communities.  

SP Energy Networks is part of the ScottishPower group, a Principal Partner for the United Nations Climate Change Conference (COP26) to be held in Glasgow in four months’ time.

It is developing an energy model that will play a significant role towards reaching the UK’s world-leading climate change targets and is investing a total of £10billion in the clean energy generation and networks infrastructure needed to help the UK decarbonise and reach Net Zero emissions.

The new electric buses were built by Alexander Dennis, Britain’s biggest bus builder, at its Falkirk factory and will benefit from a smart management system which allows reduction in well-to-wheel greenhouse gas emissions and energy consumption.

Transport Minister Graeme Dey, who attended the official launch of the new electric fleet at Dynamic Earth, said: “Scotland was one of the first countries in the world to declare a global climate emergency and with projects like this we continue to show our commitment to reducing emissions.

“As the country comes out of the pandemic and restrictions continue to ease, it is essential that our recovery is a green one, which has returning to public transport at its heart. This all-electric service is welcome news both for Edinburgh bus users and the environment.

“It’s also fantastic to see private sector organisations collaborate to tackle climate change. The funding from SP Energy Networks to support Lothian’s electric fleet with buses made in Falkirk is very much an initiative to be welcomed and encouraged.’’

Guy Jefferson, Chief Operating Officer at SP Energy Networks, said: “This is an historic moment in Edinburgh’s journey to Net Zero. The four new electric double decker buses will serve one of the busiest bus routes in the capital and provide a blueprint for other routes across the city.

“Edinburgh has ambitious plans to be a leading UK Net Zero emissions city by 2030 but for that to happen there needs to be big changes. The introduction of this new technology will improve air quality and noise pollution while supporting the city’s green recovery from the pandemic.

“We are committed to collaborating with government and industry to harness the knowledge, skills and resources we need to tackle climate change. Net Zero is now the prism through which we take all our business decisions. It’s one of the key drivers of our decision to become a Principal Partner of the COP26 global climate change conference, which is taking place in Scotland later this year.

“By working with our partners in Edinburgh and across Scotland through initiatives such as this we can deliver the cleaner, greener and better future we all want, quicker.”

Nigel Serafini, Interim Managing Director at Lothian Buses, said: “Across the last decade, Lothian has removed around 15,000 tonnes of carbon dioxide from our carbon footprint through our fleet replacement strategies, and the introduction of Edinburgh’s first fully electric double decker buses allows us to continue on this journey, further reducing our impact on the environment.

“These new buses are fitted with the most advanced zero emissions technology and the introduction of these vehicles across our Service 10 further cements our commitment to meet the requirements of the Scottish Government and The City of Edinburgh Council’s climate change strategies.

“We’re delighted to have been able to partner with SP Energy Networks’ Green Economy Fund on this project and look forward to working with them again in the future.”

Transport and Environment Convener Councillor Lesley Macinnes said: “This is a really exciting step forward for the city’s public transport network, and our own ambitions to achieve net zero carbon emissions by 2030.

“We want to make a green recovery from the pandemic and to do this we need to encourage more people to make sustainable transport choices. These buses offer a clean, reliable and environmentally-friendly alternative to the car.

“As we work towards the introduction of a Low Emission Zone in Edinburgh too, electric and other low emission buses will be essential for transporting people to the city centre while maintaining clean, breathable air.

“In the coming months we’ll be playing an important supporting role when Glasgow hosts the major COP26 climate change conference, and it’s innovations such as these that signal our firm commitment to tackling the climate emergency.”

The new vehicles also have USB charging points, on-board audio-visual next stop announcements and free Wi-Fi to provide a better overall customer experience.

So far, 35 projects have been awarded funding from SP Energy Networks across Central and Southern Scotland.

To find out more about the Green Economy Fund and the projects it supports, please visit: 

www.spenergynetworks.co.uk/pages/green_economy_fund.aspx

Edinburgh Napier University announces fossil fuel divestment

STATEMENT:

Edinburgh Napier is proud to announce that the University has removed all direct investments from fossil fuel companies.

We have a strong history of enhancing environmental sustainability within and beyond Edinburgh Napier. To maintain our achievements and develop our work further, we have set significant commitments within our new University Strategy, including achieving net zero carbon in our operations by 2030 at the latest.

This announcement is in line with our net zero direction of travel and reflects our wider commitment to minimise both our wider and legacy carbon footprint and influence sustainable practices within and beyond our campuses. We are now fully divested from direct investments in fossil fuel companies, including investments through share providers.

Andrea Nolan, Principal and Vice Chancellor of Edinburgh Napier University, said: “This announcement recognises the dedication and enthusiasm of our University’s students and staff to work together to meet our sustainability goals. We have made the commitment to achieve net zero carbon in our operations by 2030 at the latest, while also seeking to minimise both our wider and legacy carbon footprint and influence sustainable practices within and beyond our campuses.

“By removing all direct investments from fossil fuel companies, we are taking significant steps towards meetings these commitments. We have a strong history of enhancing environmental sustainability within and beyond Edinburgh Napier, and we will continue to work collaboratively to maintain our achievements and develop our work further through the sustainability commitments embedded within our new University Strategy.”

It is important to highlight the vital role our own Edinburgh Napier students had in making this happen. Members from the Edinburgh Napier Sustainable Society and the Edinburgh Napier Students’ Association were instrumental in making their voices heard, taking the issue to the University and advocating for the position of divesting from fossil fuels.

As well as engaging with senior leadership, the students also worked with the Edinburgh Napier University Development Trust to ensure that the Trust itself – a separate legal entity from the University which manages all philanthropic funds on behalf of the University – also removed all direct investments from fossil fuel companies.

The Trust has been working to reducing its exposure to fossil fuel investments over the last few years, and our students played an important part in working with them to make the final push to full divestment.

In February this year, investment management company Brewin Dolphin wrote to the Trust to confirm it had taken action to sell all remaining collective funds in the UK, Europe and the US where there was any indirect exposure to oil and gas companies, reinvesting the proceeds into a range of directly held stocks or into collectives where there is no underlying exposure.

Brewin Dolphin also stated it would continue to work with the Trustees not only to generate investment returns, but also to reflect the values of the University and the wishes of the donors within the investment strategy by favouring companies which contribute positively to society.

George Borthwick, Chair of the Development Trust, said: “Edinburgh Napier University recognises the challenges we all face in living and working more sustainably. Aligned to the University’s strategic priorities, the University Development Trust, which raises funds to provide student scholarships, bursaries and awards, has completed divestment from fossil fuels.

“As a University Development Trust, it is important that our own investments and operational decisions reflect the values that underpin our community. By moving all our investments out of fossil fuels and adopting a position that they should aim to have a positive impact on society and the environment, we are making a commitment to being a part of a sustainable, healthy and positive future.”

The Edinburgh Napier Sustainable Society said: “We at Edinburgh Napier Sustainable Society believe that education plays a vital role in the fight against climate change.

“We are incredibly proud to be a part of a University that actively listens to the student voice, and is leading by example to combat the climate crisis with its fossil fuel divestment. Although we are only at the beginning of our fight, this is a huge milestone that we have been grateful to be part of!”

Achieving this position has been a result of hard work and collaboration across the University, its partners and its students. We are especially proud of the commitment, passion and dedication of our students, who used their voice to ask for change and worked tirelessly to help make the final transition to full divestment happen.

This accomplishment came about as a result of their efforts and pride in their University, and we are grateful for them continuing to challenge us and work alongside us to make these changes.

In addition to divesting from direct investments, the University has recently updated the existing electricity contract to procure 100% renewable electricity throughout all University buildings. From 1 April 2021, all electricity consumed is backed by Renewable Energy Guarantees of Origin.

Professor Gary Hutchison, Chair of the University’s Environmental Sustainability Strategy Group, said: “By removing direct investments from fossil fuel companies, we are underpinning our commitment to reducing our environmental impact and working towards a more sustainable future for Edinburgh Napier University.

“Our students have played a significant part in making this divestment happen, and will continue to have a voice on the University’s sustainable future through their involvement in our Environmental Sustainability Strategy Group.

“We know there is a lot of work still to do but by working together with our staff, students and local communities, we can make sure Edinburgh Napier University plays its part in tackling climate change.”

Meeting our net zero carbon goal will be a culmination of work from across the University, its staff and students, its local communities and partners.

We are committed to collaborative working wherever possible and will continue to explore and identify opportunities to further reduce our carbon emissions and enhance our sustainability practices.

Scottish National Investment Bank is open for business

The Scottish National Investment Bank has officially opened for business with the completion of its first major investment. It is the UK’s first mission-led development bank and it is being capitalised by the Scottish Government with £2 billion over ten years.

The bank’s proposed missions will focus on supporting Scotland’s transition to net zero, extending equality of opportunity through improving places, and harnessing innovation to enable Scotland to flourish.

It will provide patient capital – a form of long term investment – for businesses and projects in Scotland, and catalyse further private sector investment.

Today’s £12.5 million investment in Glasgow-based laser and quantum technology company M Squared will support the company’s further growth in Scotland and speaks to the bank’s proposed core missions.

First Minister Nicola Sturgeon said: “The Scottish National Investment Bank will help to tackle some of the biggest challenges we face now and in the years to come, delivering economic, social and environmental returns.

“It is hitting the ground running with its first major investment in M Squared – a great example of the ambitious and innovative companies we have here in Scotland that will be key to our economic recovery and future prosperity.

“The launch of the bank is one of the most significant developments in the lifetime of this parliament, with the potential for it to transform, grow and decarbonise Scotland’s economy.”

Scottish National Investment Bank Chair Willie Watt said: “Today is a key milestone for the Scottish National Investment Bank. Our launch enables us to make mission-led, strategic, patient investments in businesses and projects that can deliver benefits for the people of Scotland. I am excited about the role the Bank will play in supporting and enabling growth in the Scottish economy.

“We are particularly pleased that our first investment is in M Squared which is at the cutting edge of innovation and is a recognised world-leader in its field. It is our firm belief that the bank will make many more investments that deliver positive mission impacts in the years and decades to come.”

Dr Graeme Malcolm, CEO and founder of M Squared, said: “Science and advanced technologies have a major role to play in Scotland’s future economic prosperity. By increasing investment in research and development with a mission-based approach, Scotland has a real opportunity to actively tackle climate change and benefit from the coming quantum revolution.

“We are delighted that the Scottish National Investment Bank has invested in M Squared as its very first business – our shared commitments to society and the environment makes this an ideal partnership that will enable accelerated growth and progress in frontier technologies.”

Benny Higgins, Strategic Adviser to the First Minister on the establishment of the bank, said: “It has been a privilege to be part of an outstanding effort to make this a reality.

“We could not have predicted that the current pandemic renders the need for mission-led investment even more vital to create a robust, resilient wellbeing economy in Scotland.”

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