W:
www.universitybusiness.co.uk | T: @UB_UK
The report highlights the benefits for both parties:
FOR A BUSINESS Reducing costs and risk – collaboration can provide a flexible and cost-effective extension of research and development, and can help spread risk.
Access to new ideas – develop an early understanding of what is required to deliver new technology to the market, learn about new areas of research, benchmark a firm’s own in-house research.
Developing research skills – identifying possible new recruits and upskilling existing staff, boosting business reputation and creating academic networks.
FOR A UNIVERSITY Increasing a university’s awareness of a market and commercial opportunities.
Can lead to new ideas for teaching, training and curriculums.
Boosting the employability skills of students and researchers.
INTERNATIONAL NEWS First Swedish university divests from fossil fuels
Chalmers University of Technology has become the first Swedish academic institution to divest its assets in fossil fuels, worth about SEK 5 million (approx. £402m). John Holmberg, Vice President and
Professor of Energy and Environment at Chalmers, said: “Apart from the fact that fossil fuel investments are financially risky given how much fossil fuels must stay in the ground, there’s a stronger reason to divest. We need to redirect our investments to developments we believe in and make sure the energy transition is carried out as quickly as possible. “When the Apartheid regime fell in
South Africa, universities were part of driving that change by divesting and thus removing their support from companies operating in South Africa. Investments
Jönköping
University also took a stand against investments in fossil fuels. The University adopted a new investment policy in December that excludes coal, oil and gas from its direct investments, with a stated intention to expand this policy to indirect investments
can be a key factor for change, this we know,” Holmberg continues. Chalmers follows in the footsteps of the
Church of Sweden and the City of Örebro, joining the fastest-growing divestment movement worldwide.
as well. In January, new research by University College London reaffirmed that over 80% of coal, 50% of gas and 30% of oil reserves are ‘unburnable’ under the goal to limit global warming to no more than 2%.
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