Welcome to My Logistics Magazine. UK Focused Global Outlook.
My Logistics Magazine - Advertise

Advertising Opportunities

Advertise on My Logistics Magazine and connect with a highly targeted audience of logistics professionals and enthusiasts.

We provide a range of advertising options, such as banner ads, sponsored content, job listings, and social media advertising.

Global agreement in green technologies will open doors for UK PLC

The UK government announces over £65 million investment to help speed up the development of new green technologies.
Global agreement in green technologies will open doors for UK PLC

The UK is today leading a global agreement to make green technologies cheaper and more accessible around the world, while also creating green jobs for generations both at home and abroad, Grant Shapps said.

Speaking at the COP27 negotiations in Egypt, the Business Secretary announced over £65 million investment to help speed up the development of new green technologies – backed by the talent and expertise of British business.

This builds on the legacy of COP26 in Glasgow, where the UK founded a coalition of countries to scale and speed up the development and deployment of clean technologies and drive down costs this decade, known as the Breakthrough Agenda.

Mr Shapps said it will be the efforts of entrepreneurs, innovators and the international community that will help cut global emissions in the coming decade and achieve net zero by 2050 – something today’s investments will help achieve.

These measures will help expand a whole global market in clean energy technologies, making them accessible and affordable to developing countries – and enabling UK companies to share their talent and expertise in this vital and growing industry.

Green means growth, and with our existing talents in clean technologies, UK businesses could be world leaders in an industry that will only expand, creating jobs for generations to come while also protecting our precious planet.

At COP27 we are leading international efforts to ensure these new innovations can be more accessible and affordable to heavy, energy-intensive industries in some of the world’s poorest countries.

These agreements are a key part of us achieving our net zero targets and our global efforts to cut emissions – but I am also proud that they will mean more countries will benefit from the knowledge and expertise we have nurtured here on UK shores.

Business Secretary Grant Shapps

The UK is already a world leader in the latest green technologies, ranging from the development of hydrogen as an alternative fuel, to the manufacture of electric vehicles.

Today’s announcements not only highlight the UK’s leading position on tackling climate change, they also show how this country is influencing international markets to go greener, in a way that gives the UK an advantage over other countries in delivering jobs, growth and investment in the UK.

The Business Secretary announced:

  • that the UK has built a coalition of governments, representing more than half of global GDP, who will take forward actions to speed up the development of new alternatives to fossil fuels for the carbon-intensive sectors, so that by 2030 they use the cheapest and most attractive options available to businesses in emerging and developing economies
  • a UK pledge of £65 million towards the world’s first large scale Industry Transition Programme, by the Climate Investment Funds, to support energy-intensive industries in developing economies including India and Indonesia to go green
  • UK government’s support, alongside Germany, for a new funding window for projects developing innovative and transformational clean technologies. Set to open in 2023, this funding from the Mitigation Action Facility will go to key priority sectors – energy, transport and industry – identified in the Breakthrough Agenda at COP27. This will support developing countries to achieve their goals for tackling climate change and reducing emissions

This comes on top of the Prime Minister’s announcement of a further £65.5 million for the Clean Energy Innovation Facility, which provides grants to researchers and scientists to accelerate the development of innovative clean energy technologies in developing countries. Since the UK-led fund was launched in 2019 it has so far supported 76 projects, including the creation of biomass-powered refrigeration in India, prototype lithium-ion batteries in Nigeria and clean hydrogen-based fuels for steel production in Morocco, among other innovations. Its beneficiaries have praised the programme for its ability to identify business and community needs as it unlocks innovation opportunities.

Emissions from hard-to-abate industries are concentrated in developing countries and set to rise.

With support from the United Kingdom and Sweden, the first-of-its-kind CIF Industry Decarbonisation program will support developing countries, manage transition risks, and seize emerging economic opportunities.

This investment platform will bring to bear concessional finance, technical assistance, and partnerships to ignite transformation across industries like steel, cement, and aluminium.

CEO of the Climate Investment Funds, Mafalda Duarte


Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts
Geodis 15-25 degrees c
Read More

GEODIS Inaugurates New Temperature-Controlled Facility in Schiphol-Rijk

On October 6th, the renowned global logistics provider GEODIS commenced operations at its expansive 5,500 square-meter site in Schiphol. This newly established facility is dedicated to serving the pharmaceutical and healthcare sectors. Situated adjacent to the existing site, it will significantly enhance GEODIS' presence in the pharmaceutical and healthcare industries, which are already well-established at the company's Venlo site, particularly in the realm of contract logistics for clients in both sectors. The new investment in Schiphol-Rijk will primarily focus on freight forwarding and become an integral part of GEODIS' worldwide cross-docking network for both ambient and cold chain products. This state-of-the-art location holds a TAPA-A rating for air freight and boasts the CEIV Pharma certification, ensuring the proper handling of goods within the temperature ranges of 15-25 °C and 2-8 °C. Mark van den Assem, Managing Director of GEODIS Benelux, shared, "By adding this specialized warehouse at Schiphol-Rijk, we can offer our clients a comprehensive solution for pharmaceutical and healthcare logistics. Enhancing the synergy between our Contract Logistics and Freight Forwarding divisions is a pivotal component of our growth strategy and will significantly benefit our customers' supply chain requirements." GEODIS is a leading global logistics provider recognized for its expertise in all aspects of the supply chain. As a trusted growth partner for its clients, GEODIS specializes in five key areas: Supply Chain Optimization, Global Freight Forwarding, Global Contract Logistics, Distribution & Express, and the European Road Network. With a global presence spanning nearly 170 countries and a workforce of over 49,400 employees, GEODIS ranks as the 6th largest company in its sector worldwide. In 2022, GEODIS generated €13.7 billion in revenue. The company is a subsidiary of the SNCF group.