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New Report : ‘A Green Bus for Every Journey’

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New Report : 'A Green Bus for Every Journey'

According to a new report by the LowCVP for Greener Journeys, a new generation of clean buses is already saving 55,000 tonnes of greenhouse gas emissions every year and providing £8 million in health and environmental benefits.

There are currently 3,760 certified Low Carbon Emission Buses (LCEBs) currently operating in towns and cities across England, Scotland and Wales, including 40% of new buses sold last year.

If this proportion were to reach 100% of all new buses by 2020, the annual savings could increase to 432,000 tonnes of methane, carbon dioxide and nitrous oxide emissions – the equivalent of taking 92,000 cars off the road for a year – and £248.5 million in wider social benefits.


The figures are published in A Green Bus for Every Journey, a new report by the Low Carbon Vehicle Partnership (LowCVP), commissioned by Greener Journeys, the sustainable travel group, which reveals how the latest buses use a wide range of technologies to help reduce emissions and air pollution.

There has also been a dramatic improvement in conventional diesel engines, with the latest Euro VI models – including over half of all new models bought in 2015 – delivering a 95% reduction in emissions of nitrogen oxides compared with the previous Euro V models.

The report is launched at today’s e-Bus Summit in London, an event organised to introduce the Horizon 2020 ELIPTIC (“Electrification of Public Transport in Cities”) European project.

Greener transport is seen as key to helping towns and cities meet European clean air targets, which are currently being breached in 38 out of 43 UK zones, with many cities introducing clean air zones to help tackle the problem.


The report highlights how the rich variety of green buses now available, including hybrid, plug-in hybrid, electric, electrified ancillary, hydrogen fuel cell and biomethane models, is allowing operators across the country to find the most tailored option for their network, including:

· A combined fleet of 175 electric buses which are helping tackle roadside air pollution across the country, including the first wirelessly charged models operated by Arriva in Milton Keynes;

· The 10 hydrogen fuel cell buses operated by First Group and Stagecoach in Aberdeen – the largest such fleet in Europe – saving about 145,000 litres of diesel annually;

· Go-Ahead Group’s 600 hybrid buses in London have helped lower emissions by 16%, with a further 10% improvement possible by 2018; while Lothian buses has saved £1.4 million in fuel costs since 2011 thanks to its fleet of 85 hybrid buses;

· Reading Buses, which has operated 34 biomethane buses since 2013, achieving 30% savings in fuel costs, while Arriva’s fleet of 10 gas-powered buses in Runcorn is 24% more cost effective;

· Stagecoach, which operates 4,581 biodiesel buses, says the technology has cut the carbon dioxide emissions of its overall fleet by a quarter;

· National Express’s fleet of 18 hybrid buses in Birmingham which is so popular that passengers sometimes complain when conventional models arrive at their bus stop; and,

· The drivers of FirstGroup’s 12 electric buses in York say they offer quicker acceleration than conventional models, and passengers prefer them because they offer a smoother ride and are quieter than diesel buses.

It follows a prior publication by the LowCVP and Greener Journeys, The Journey of the Green Bus, which revealed how manufacturers and policy makers have led a revolution in clean bus technology in the UK over the past two decades.

Tackling transport emissions is one of the most pressing issues facing councils and operators today

Claire Haigh, Chief Executive of Greener Journeys, said: “Tackling transport emissions is one of the most pressing issues facing councils and operators today, and this report clearly shows that investing in clean buses is an integral part of the solution.

“Encouraging more people to switch their car for the bus is crucial to tackling the UK’s emissions problem, and thanks to the new range of clean bus technologies available, this type of behaviour change is now more effective than ever.”

Andy Eastlake, Managing Director of the LowCVP said: “The UK’s bus sector has made great progress in introducing low emission, efficient technologies over the last decade. This has been in large part due to the support of government and the commitment of industry and other stakeholders to work together and drive change.

“This support and commitment needs to continue if the sector is to make a necessary contribution to cutting CO2 emissions, as well as to the increasingly urgent task of reducing pollution in our most badly affected towns and cities at least sufficient to meet 2020 air quality targets.”

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Green Tech Start-Ups: Are they the Future?

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Endless innovations are occurring in green companies, reinventing the industries they belong to. Gradually, they are beginning to amass more success and popularity. Consequently, these factors serve as a good indicator for green technology businesses, and their development must begin somewhere.

Green tech start-ups boast a wide array of opportunities for the economy and environment, while boosting recruitment openings with valuable services. While the technology industry is littered with high revenues and competition, the green tech start-ups are the clear sign of a cleaner future.


Fulfilling a Genuine Need

Many tech companies will market themselves as the ultimate tech giants to shift stock and make profit. As they all vie for attention through warped corporate rhetoric, there is only one ethical winner; the start-up green tech company.

Some argue that mainstream tech businesses have grown far too big, branching out into other industries and standing between the consumer and practically everything they do. However, green tech start-ups go beyond the shallow ambitions of a company, answering a call to sincerely help the customer and climate in any way they can. Of course, this is an attractive business model, putting customers at ease as they contribute to a humanitarian cause that is genuine through and through.

After all, empathy is a striking trait to have in business, and green tech start-ups maintain this composure by their very nature and purpose.

Creating Opportunities

Despite the pursuits for clean energy still needing more awareness, green tech is an area that is ripe for contribution and expansion. There’s no need to copy another company or be a business of cheap knockoffs; green tech start-ups can add a new voice to the economy by being fresh, fearless and entrepreneurial.


Technology is at its most useful when it breaks new ground, an awe that eco-friendly innovations have by default in their operations. Of course, green tech start-ups have the chance to build on this foundation and create harmony instead of climate crisis. Ultimately, the tech advancements are what revolutionise clean energy as more than an activist niche, putting theory into practice.

Despite the US gradually becoming more disengaged with green technology, others such as China and Canada recognise the potential in green technology for creating jobs and growth in their respective economies. The slack of others spurs them on, which creates a constant influx of prospects for the green tech sector. Put simply, their services are always required, able to thrive from country to country.

A Fundamental Foresight

Mainstream technology can seem repetitive and dull, tinkering with what has come before rather than turning tech on its head. Since 2011, technology has been accused of stagnation, something which the internet and petty app services seem to disguise in short reaching ideas of creativity.

However, green tech start-ups aren’t just winging it, and operate with a roadmap of climate change in the years ahead to strategize accordingly. In other words, they aren’t simply looking to make a quick profit by sticking to a trend, but have the long-term future in mind. Consequently, the green tech start-up will be there from the very start, building up from the foundational level to only grow as more and more people inevitably go green.

They can additionally forecast their finances too, with the ability to access online platforms despite the differing levels of experience, keeping them in the loop. Consequently, with an eye for the future, green tech startups are the ones who will eventually usher in the new era.

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Green Companies Find Innovative Ways to Generate Capital to Expand

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Green business is a booming opportunity for shrewd, environmentally conscious entrepreneurs. According to a white paper by the Association for Enterprise Opportunity, green businesses in the food service industry and other verticals are growing up to seven times faster than their conventional competitors.

“Green market segments in the United States are growing fast. Growth rates of “green” segments are outpacing conventional segments in every industry where we collected data – for example, over the decade ending in 2011, the U.S. organic food category grew at a rate of 238% compared to 33% growth for the overall food market, and most forecasts indicate that the shift to green will only accelerate across industries. Green business opportunities will be even more prolific over the next few years, because millennials are placing greater emphasis on environmentally friendly solutions.”


Unfortunately, many promising green companies are struggling to generate revenue. They need to be more creative to find funding opportunities in 2017.

Funding challenges green businesses face

After the financial crisis struck in 2008, banks and other traditional lending institutions became much more conservative about lending money. Many green businesses turned to grants provided by the Obama administration for funding. However, most of those grants have since been suspended under the Trump administration. Congress had difficulty resuming them, because most of the green businesses that were funded had a lower survival rate than the national average.

Without funding from either traditional banks or government grants, green businesses were forced to look for other financing options. Here are some options they have available.


Other lending institutions

While corporate banks are less likely to finance new businesses these days, many smaller financial institutions are more likely to assume the risk. Specialty lending institutions and credit unions with a strong social mission are often willing to invest in promising green businesses.

However, these lenders still require perspective borrowers to submit formal business plans and proposals on how they will use their funding. Too many of them have been burned by poorly managed green companies, so they must be cautious with lending to them.

Foreign lenders

Many other countries are more invested in green development than the United States. Companies with a presence in Norway or other European countries should consider seeking loans from lenders in those jurisdictions, such as Lånemegleren.

Green bonds

Green bonds are new financial instruments that have been developed specifically for financing green businesses. The Climate Bond Standard introduced a number of policies to ensure green bonds would be safe for investors and a reliable funding opportunity for green businesses around the world. By balancing the needs of both stakeholders, they have helped facilitate green financing.

The market for green bonds nearly quadrupled between 2013 and 2014. It rose to over $100 billion in 2015.

Green entrepreneur should find out if their business model is compliant with the climate Bond standard. They may be able to tap a growing source of funding.

Crowdfunding

Crowdfunding is another very popular way for all types of businesses to generate capital. Green businesses tend to benefit more than most other organizations, because crowdfunding investors tend to be more socially conscious. They are more eager to invest in companies that align with their outlooks on social causes. Since consumers are becoming more concerned about climate change and environmental preservation, they are more willing to invest in green businesses.

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