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Allstar’s carbon capture scheme reaches major milestone as UK businesses work toward a ‘greener’ future

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Allstar Business Solutions’ Ecopoint scheme, which was launched by the leading fuel card provider earlier this year to help its customers improve their green credentials, has already reached a major milestone after supporting the creation of over 1,000 acres of new UK woodland.

The fuel card expert teamed up with Forest Carbon, the UK’s leading developer of new carbon woodland projects, to launch the woodland creation for carbon capture  initiative just over six months ago.  Today, more than 20,000 Allstar customers are part of the scheme, with more and more businesses pledging their support every month.

Peter Bridgen, Allstar’s Managing Director, commented: “We launched our Ecopoint scheme to improve the service we provide our customers and add even more value to our proposition.  Carbon capturing is becoming increasingly important for our customer base and the fleet industry as a whole as a way to reduce the impact of fleet carbon emissions and help the environment.

“The fact that we already have over 20,000 customers using Ecopoint highlights the importance that UK businesses place on enhancing their green credentials.  In a short space of time, our customers have already helped plant over 670,000 trees, creating 1,077 acres of new UK woodland.  This equates to over 176,000 tonnes of carbon capturing underway since the scheme was launched, and also offers significant other social and environmental benefits to the UK.

“This is a fantastic achievement and one which we, and our customers, should be extremely proud of.  However, we are not a company that rests on its laurels.  Our aim over the next 12 months is to make Ecopoint the biggest and most successful carbon capturing scheme in the UK and we are encouraging more customers to take a look at the benefits this scheme offers.”

The Allstar customer base that uses Ecopoint is extremely diverse, from local councils looking to act more sustainably, to engineering businesses running large vehicle fleets.  A number of national housebuilders, a host of manufacturers and more regionally based businesses like insurance brokers have also signed up to invest in the scheme that benefits the environment.

Graham Blew, Town Clerk at Swanscombe & Greenhithe Town Council, said: “Allstar’s Ecopoint scheme has been a real breath of fresh air for our town council. We have a fleet of vehicles that are deployed for maintaining council land; children’s play areas, our parks and most importantly our heritage park, which is a Site of Special Scientific Interest.

“It is imperative when carrying out these tasks that we know we’re building toward a more sustainable future. We have targets to become a greener council and Allstar is helping us achieve this. We want to ensure the recreational facilities we hold are protected and maintained for generations to come.”

To join Allstar’s Ecopoint scheme, customers pay a contribution per card per month for 100% carbon capture.  This, in turn, provides the means to plant woodlands that are quality assured by the UK Government’s Woodland Carbon Code, which certifies projects to ISO standards.

The certification and planting status of each woodland is publicly verified via the Markit Environmental Registry, allowing customers to keep track of their progress. Customers that join can request to receive an annual e-Certificate which shows how many trees have been planted on their behalf, along with the anticipated carbon capture.

Plans are also in motion to start creating forests outside of the UK. From the 1st January 2016, subscribers to the scheme will be contributing to woodland – 50% in the UK and 50% overseas.

Stephen Prior, Director at Forest Carbon, commented on the success of the Allstar Ecopoint scheme: “The Ecopoint project has been more successful than I could have ever imagined. Considering the idea was born in January this year, to have 176,396 tonnes of carbon capture underway already is a significant achievement. This is on course to be by far our biggest success of our Forest Carbon accounts, however there is still much work to be done, so we look forward to developing this scheme even further with Allstar moving forward.”

Photo (Left to right): Natalie Rew (PR and Social Media Marketing Executive at Allstar), Stephen Prior (Director of Forest Carbon) and Stephanie Teasdale (Campaign Manager at Allstar).

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Responsible Energy Investments Could Solve Retirement Funding Crisis

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Energy Investments
Shutterstock / By Sergey Nivens | https://www.shutterstock.com/g/nivens

Retiring baby-boomers are facing a retirement cliff, at the same time as mother nature unleashes her fury with devastating storms tied to the impact of global warming. There could be a unique solution to the challenges associated with climate change – investments in clean energy from retirement funds.

Financial savings play a very important role in everyone’s life and one must start planning for it as soon as possible. It’s shocking how quickly seniors can burn through their nest egg – leaving many wondering, “How long will my retirement savings last?”

Let’s take a closer look at how seniors can take baby steps on the path to retiring with dignity, while helping to clean up our environment.

Tip #1: Focus & Determination

Like in other work, it is very important to focus and be determined. If retirement is around the corner, then make sure to start putting some money away for retirement. No one can ever achieve anything without dedication and focus – whether it’s saving the planet, or saving for retirement.

Tip #2: Minimize Spending

One of the most important things that you need to do is to minimize your expenditures. Reducing consumption is good for the planet too!

Tip #3: Visualize Your Goal

You can achieve more if you have a clearly defined goal in life. This about how your money can be used to better the planet – imagine cleaner air, water and a healthier environment to leave to your grandchildren.

Investing in Clean Energy

One of the hottest and most popular industries for investment today is the energy market – the trading of energy commodities. Clean energy commodities are traded alongside dirty energy supplies. You might be surprised to learn that clean energy is becoming much more competitive.

With green biz becoming more popular, it is quickly becoming a powerful tool for diversified retirement investing.

The Future of Green Biz

As far as the future is concerned, energy businesses are going to continue getting bigger and better. There are many leading energy companies in the market that already have very high stock prices, yet people are continuing to investing in them.

Green initiatives are impacting every industry. Go Green campaigns are a PR staple of every modern brand. For the energy-sector in the US, solar energy investments are considered to be the most accessible form of clean energy investment. Though investing in any energy business comes with some risks, the demand for energy isn’t going anywhere.

In conclusion, if you want to start saving for your retirement, then clean energy stocks and commodity trading are some of the best options for wallets and the planet. Investing in clean energy products, like solar power, is a more long-term investment. It’s quite stable and comes with a significant profit margin. And it’s amazing for the planet!

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Energy

What Should We Make of The Clean Growth Strategy?

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Clean Growth Strategy for green energy
Shutterstock Licensed Photo - By sdecoret | https://www.shutterstock.com/g/sdecoret

It was hardly surprising the Clean Growth Strategy (CGS) was much anticipated by industry and environmentalists. After all, its publication was pushed back a couple of times. But with the document now in the public domain, and the Government having run a consultation on its content, what ultimately should we make of what’s perhaps one of the most important publications to come out of the Department for Business, Energy and the Industrial Strategy (BEIS) in the past 12 months?

The starting point, inevitably, is to decide what the document is and isn’t. It is, certainly, a lengthy and considered direction-setter – not just for the Government, but for business and industry, and indeed for consumers. While much of the content was favourably received in terms of highlighting ways to ensure clean growth, critics – not unjustifiably – suggested it was long on pages but short on detailed and finite policy commitments, accompanied by clear timeframes for action.

A Strategy, Instead of a Plan

But should we really be surprised? The answer, in all honesty, is probably not really. BEIS ministers had made no secret of the fact they would be publishing a ‘strategy’ as opposed to a ‘plan,’ and that gave every indication the CGS would set a direction of travel and be largely aspirational. The Government had consulted on its content, and will likely respond to the consultation during the course of 2018. And that’s when we might see more defined policy commitments and timeframes from action.

The second criticism one might level at the CGS is that indicated the use of ‘flexibilities’ to achieve targets set in the carbon budgets – essentially using past results to offset more recent failings to keep pace with emissions targets. Claire Perry has since appeared in front of the BEIS Select Committee and insisted she would be personally disappointed if the UK used flexibilities to fill the shortfall in meeting the fourth and fifth carbon budgets, but this is difficult ground for the Government. The Committee on Climate Change was critical of the proposed use of efficiencies, which would somewhat undermine ministers’ good intentions and commitment to clean growth – particularly set against November’s Budget, in which the Chancellor maintained the current carbon price floor (potentially giving a reprieve to coal) and introduced tax changes favourable to North Sea oil producers.

A 12 Month Green Energy Initiative with Real Teeth

But, there is much to appreciate and commend about the CGS. It fits into a 12-month narrative for BEIS ministers, in which they have clearly shown a commitment to clean growth, improving energy efficiency and cutting carbon emissions. Those 12 months have seen the launch of the Industrial Strategy – firstly in Green Paper form, which led to the launch of the Faraday Challenge, and then a White Paper in which clean growth was considered a ‘grand challenge’ for government. Throughout these publications – and indeed again with the CGS – the Government has shown itself to be an advocate of smart systems and demand response, including the development of battery technology.

Electrical Storage Development at Center of Broader Green Energy Push

While the Faraday Challenge is primarily focused on the development of batteries to support the proliferation of electric vehicles (which will support cuts to carbon emissions), it will also drive down technology costs, supporting the deployment of small and utility-scale storage that will fully harness the capability of renewables. Solar and wind made record contributions to UK electricity generation in 2017, and the development of storage capacity will help both reduce consumer costs and support decarbonisation.

The other thing the CGS showed us it that the Government is happy to be a disrupter in the energy market. The headline from the publication was the plans for legislation to empower Ofgem to cap the costs of Standard Variable Tariffs. This had been an aspiration of ministers for months, and there’s little doubt that driving down costs for consumers will be a trend within BEIS policy throughout 2018.

But the Government also seems happy to support disruption in the renewables market, as evidenced by the commitment (in the CGS) to more than half a billion pounds of investment in Pot 2 of Contracts for Difference (CfDs) – where the focus will be on emerging rather than established technologies.

This inevitably prompted ire from some within the industry, particularly proponents of solar, which is making an increasing contribution to the UK’s energy mix. But, again, we shouldn’t really be surprised. Since the subsidy cuts of 2015, ministers have given no indication or cause to think there will be public money afforded to solar development. Including solar within the CfD auction would have been a seismic shift in policy. And while ministers’ insistence in subsidy-free solar as the way forward has been shown to be based on a single project, we should expect that as costs continue to be driven down and solar makes record contributions to electricity generation, investment will follow – and there will ultimately be more subsidy-free solar farms, albeit perhaps not in 2018.

Meanwhile, by promoting emerging technologies like remote island wind, the Government appears to be favouring diversification and that it has a range of resources available to meet consumer demand. Perhaps more prescient than the decision to exclude established renewables from the CfD auction is the subsequent confirmation in the budget that Pot 2 of CfDs will be the last commitment of public money to renewable energy before 2025.

In short, we should view the CGS as a step in the right direction, albeit one the Government should be elaborating on in its consultation response. Its publication, coupled with the advancement this year of the Industrial Strategy indicates ministers are committed to the clean growth agenda. The question is now how the aspirations set out in the CGS – including the development of demand response capacity for the grid, and improving the energy efficiency of commercial and residential premises – will be realised.

It’s a step in the right direction. But, inevitably, there’s much more work to do.

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