But it is worse than late, it is much too little. For a flagship strategy, designed to move the entire British population from gas-fired boilers to renewable energy boilers by 2035, it concentrates on the air-source heat pump as the solution. Grants of £5,000 per household are offered to support the change. However, for a typical three-bedroomed house currently using gas for its central heating, the costs of converting to a heat pump to replace the traditional gas boiler are £15-20,000.
By Nick Lyth
By Nick Lyth
By Abi Siri Andersen
by Abi Siri Andersen
By Antoine Pradayrol
This is the fourth six-monthly impact assessment report produced by Green Angel Syndicate, following up on our first report published in February 2020, our second one in October 2020, and our third in February 2021.
Green Angel Syndicate is one of the largest angel syndicates in the UK, and the only one specialising in the fight against climate change. We measure our impact in terms of the quantities of carbon dioxide and other greenhouse gas emissions that have been prevented thanks to the activity of our portfolio companies.
More Good Intentions?
On Tuesday this week, UK Government published its first Hydrogen Strategy, in a Policy Paper which has been greeted with a fanfare of publicity.
There is no doubt that hydrogen is capable of playing a key role in the battle against climate change. This observation, however, has been available to all for more than a decade. Why has it taken so long to translate an observation into a policy? Part of the answer undoubtedly lies in the suspicion surrounding the safety of hydrogen, what might be called the Hindenburg effect. Few people alive today remember the Hindenburg airship disaster in 1937, but many have seen horrifying images of the blazing inferno caused by the accident.
We need to stop talking about what we can’t do, and start talking about what we can
Green Angel Syndicate is delighted to welcome Qualis Flow to its portfolio of companies that are fighting Climate Change.
The UK-based company Qualis Flow closed their latest investment of $2.4M in July 2021, bringing their total raised to $3.5M. The female-founded technology company provides construction teams with the data they need to be more sustainable.
By Nick Lyth
GREEN ANGEL SYNDICATE PRESS RELEASE
The successful close of the second round of the GAS EIS Climate Change Fund on 15th July suggests that investors are waking up to the seriousness of the climate crisis, according to GAS CIO, Antoine Pradayrol. Exceptional heat waves in Canada, the north-west US, northern Europe and Siberia and raging wildfires, as well as the most recent horrific floods in Germany and Belgium, cannot be ignored.
By Lorne Milne
For years, the carbon offsetting industry has been marred with problems, particularly to do with greenwashing to the extent that many consider the term offset to be a dirty word. In principle, the concept is straightforward; individuals or companies neutralise the carbon they were responsible for putting into the atmosphere while simultaneously reducing their emissions. In writing this blog, I hoped to shed light on some of the problems plaguing the industry and propose how I believe we go forward from here.
By Nick Lyth
Green Angel Syndicate has completed Series A investment in fast growing nature-data business NatureMetrics.
The Series A round, led by Acuity Investments, includes funding from both Green Angel Syndicate members and the recently launched Green Angel Syndicate EIS Climate Change Fund as well as investment from Systemiq, a consulting and investment firm that backs system-changing technologies.