Skip to content
Sunday 9 August 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE
MorningWire

European business, markets and politics

FTSE 100
10,901.09
+0.31%
DAX
26,319.45
+0.69%
CAC 40
8,714.93
+0.17%
STOXX 50
6,523.86
+0.33%
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
More
GermanyFranceBankingAIEnergyFintechPropertyCapital Markets
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
  • DE
Monday 31 October 2022 3:31 pm  |  Updated:  Monday 31 October 2022 3:32 pm

Tech could get Britain’s net zero target back on track

By: Millie Turner

Add as a preferred source on Google
Earlier this month, the UK boss of US tech giant Cognizant warned that the government will miss its net zero target by 2050 if it fails to prioritise its semiconductor industry. (Photo by Christopher Furlong/Getty Images)

Tech could get Britain back on track to meet its net zero commitment after the chair of the independent Climate Change Committee warned that progress on the target had gone awry in recent months.

With the UN’s flagship climate conference COP27 in Egypt one week away, Committee chair Lord Deben told The Independent today that the recent government chaos meant that the UK had failed to lead “anybody” on the issue.

Computer chips and space tech will be critical to meeting the pledge, bosses have told Morning Wire

Earlier this month, the UK boss of US tech giant Cognizant warned that the government will miss its net zero target by 2050 if it fails to prioritise its semiconductor industry.

Chips, used in most of today’s electronics, are critical in the green transition – from smart metres to windfarms – but are currently in short supply worldwide as a result of surging demand.

UK managing director, Rohit Gupta, urged for the country to “join forces” with the US and European Union (EU) on an investment strategy for chips, which would boost research and development and eventually production on home turf. Without it, the government may not be able to reduce its emissions in time.

“It’s not just one thing – there’s a number of things where chips are required which in a direct and indirect way move us towards net zero,” he told said. “My worry is that that may get pushed out a little bit with the whole political climate.

Read more

Miliband refused to meet motor trade body to discuss zero emissions mandate

Ed Miliband speaking at a podium during a press conference, addressing energy policy reforms and climate change initiatives.

“Our net zero ambition in terms of where we want to be – that will be delayed. I don’t think we will hit that,” he said, adding that support for the chips industry is vital.

“There is still time to catch up. It seems far away but the years will pass by pretty quickly.”

The world also risks losing out on significant CO2 reduction benefits if it fails to bind together and scrub up on global regulation of space debris, one executive at British satellite giant Inmarsat told Morning Wire last week.

Most businesses are unaware of space tech’s net zero benefits. However, a report by Inmarsat in collaboration with IT unicorn Globant found that globally, satellite communications cut carbon emissions by 1.5bn tonnes each year – the equivalent of 100 times the annual emissions of London’s traffic.

Maritime and aviation sectors are where emissions reduction can be most prominent, according to the report, with satellite comms highlighting “so-called green routes” which use far less emissions than others and signal how busy ports or runways are to avoid unnecessary circling.

But space junk could make space “unusable” for all, president of global government at Inmarsat, Todd McDonell, said. “With COP27 coming up, there is a net benefit to society from what space brings and to keep that net benefit we need to make sure that space is studiously managed.”

Read more

HMRC claws back £1m cutting ties with outside tech suppliers

HMRC overcharged pensioners thousands

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Tech

Related Topics

  • Climate change
  • climate tech
  • Inmarsat
  • Inmarsat
  • Net zero
  • Semiconductor

Trending Articles

  • Thames Water faces fresh threat to survival after pensions regulation breach

  • PwC’s Embankment HQ to get major makeover ahead of Canary Wharf move

  • Family feud: London estate agent Winkworth sues chair over plot with wife to oust son from board

  • As it happened: Stocks rise despite new tensions in Strait of Hormuz; Oil price climbs

  • A tribute to wine legend Matthew Jukes by his friend Libby Brodie

More from Morning Wire

  • Miliband refused to meet motor trade body to discuss zero emissions mandate

    Transport & Infrastructure
    Ed Miliband speaking at a podium during a press conference, addressing energy policy reforms and climate change initiatives.
  • HMRC claws back £1m cutting ties with outside tech suppliers

    Tech
    HMRC overcharged pensioners thousands
  • Burnham risks ‘big mistake’ on AI with tech department shake-up

    Tech
    Andy Burnham discussing capital gains tax increase during a press conference, highlighting potential economic impacts
  • AI startup boss warns UK cannot become ‘dependent’ on overseas tech

    Tech
    Max Buchan discussing Valarian 2s launch at a business event, highlighting innovative features and industry impact.
  • AI minister: UK sets sights on global AI leadership, not Silicon Valley emulation

    Tech
    Kanishka Narayan, prominent figure in the news, engaging in a public event or discussion, showcasing leadership and influe...
  • As it happened: FTSE 100 hits new high after interest rates held

    Markets
    Andrew Bailey, Governor of the Bank of England, in a suit and tie, looking thoughtful during a press conference.
  • FRC Chair-in-waiting grilled over holding seven other board roles

    Regulation
    Modern office space with open seating and collaborative work areas reflecting FRCs innovative business environment
  • ‘Phenomenal waste of time’: Burnham slammed over plans to dismantle tech department

    Tech
    Andy Burnham speaking at a press conference, expressing confidence despite challenges, highlighting leadership and resilie...
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Business

  • Markets
  • Banking
  • Technology
  • Energy
  • Property
  • Fintech

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook