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£432 million funding boost for DEFRA

£432 million funding boost for DEFRAOn Wednesday (4th Sept), in the House of Commons during the Spending Round, Chancellor of the Exchequer Sajid Javid announced that DEFRA will be given £432 million of funding. He said: “Leaving the EU provides an opportunity to set world leading environmental standards, and we’re giving DEFRA £432 million of funding to do so.”

 

Javid added:

A healthy environment is a precondition for a healthy population – that’s why we’ve set out an ambitious 25-year plan for the UK’s natural environment.”

Mr Javid also pledged an extra £30 million towards decarbonisation schemes led by the Department for Business, Energy and Industrial Strategy (BEIS), to help the UK meet its Net Zero commitment by 2050.

More details of this scheme will be set out in a National Infrastructure Strategy this autumn – this is on top of £87 million to help developing countries reduce their carbon emissions and adapt to climate change. He added: “Keeping our promise to be the first government in history to leave our environment in a better condition than we found it.”

Sajid Javid’s full speech can be found at www.gov.uk

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Owain Griffiths

Owain Griffiths

Head of Circular Economy at Volvo Cars

Owain joined Volvo Cars in June 2021 to lead Circular Economy in the Global Sustainability Team. The company has committed to being a circular business by 2040 and has financial, recycled content and CO2 based targets for 2025, all of which Owain is working across the company to make happen. Owain previously worked for circular economy consultancy Oakdene Hollins where he advised businesses on evidence led circular economy implementation. 

Turning into a circular business and the importance of vehicle reuse and recycling.

The presentation will cover the work Volvo Cars is doing to achieve 2025 but mainly focus on the transformational work towards 2040 and the business and value chain changes being considered. Attention will be paid to the way vehicles are being dealt with at the end of life and the complexities of closing material and component loops. Opportunities and challenges which Volvo Cars is facing will be presented including engagement with 3rd parties and increasing pressure from stakeholders.