funding scheme to support the county’s green technology innovators.
Desmos Capital Partners, established by former UK energy minister and net zero review chair, Chris Skidmore, has announced it is establishing new regional centres in Paris, Amsterdam, Johannesburg and Toronto.
The announcement was made as he spoke at a COP British Chambers of Commerce (BCC) event in Baku, which was chaired by Miranda.
Miranda says: “Developing and delivering fully commercialised low carbon technologies is a global endeavour – and as such the funding must work without borders and constraints.
innovation officer and co-founder of Carbonbit, adds: “It is a significant step forward in collaborative efforts to bring our technology to market and have a positive impact on climate change, whilst also aiming to develop highly skilled jobs in manufacturing, robotics and artificial intelligence.
“Partnering with investors to support the development of this technology is vital. We anticipate attracting significant investment to progress from the build phase to the growth phase.”
The Azerbaijan Investment Company was established to support business development in the non-oil sector of the country’s economy.
More than 65,000 world leaders, decision- makers, private sector organisations and civil society members gathered for COP29 – the UN’s climate conference.
East Lancashire Chamber of Commerce chief executive Miranda Barker, who also chairs RedCAT, was part of the delegation in Baku. She says of the Carbonbit MOU: “In Lancashire we have always known we are absolute experts at making things.
“This is yet another globally significant market that our wonderful Lancashire manufacturers are getting into.
“Carbonbit Technologies is leading the way with climate technology and global scale investments and hopefully, through RedCAT, there is more to come.”
It also emerged at Baku that RedCAT is looking to work in partnership with a leading global
“We, through our low carbon innovation agency RedCAT, are delighted to work in partnership with Desmos, and to bring our fast- commercialising low carbon innovators to an international base of funding expertise.
“RedCAT wants to be part of the intelligence in Expert View
ARE TARGETS THE BENCHMARK FOR
SUSTAINABLE GROWTH? By Noel Ferguson,
Trident head of net zero and energy solutions
For businesses striving toward net zero, the path can feel overwhelming. Rising energy costs, stricter regulations and growing stakeholder pressure make sustainability essential rather than optional. But how can businesses ensure their efforts are both credible and impactful?
The Science Based Targets initiative (SBTi) is a leading framework for aligning business climate action with the Paris Agreement’s 1.5°C target.
Backed by science, it provides clear, measurable pathways that help businesses set credible targets and comply with evolving regulations.
Over the last 16 months, companies setting SBTi-aligned targets have grown
by 113 per cent, while Forbes 2000 companies declaring net zero goals have risen by 40 per cent.
This underscores a shift from ambition to accountability. SBTi’s transparent and rigorous framework enables businesses to set targets that withstand scrutiny and demonstrate meaningful climate action.
Adopting science-based targets not only strengthens credibility but also delivers operational benefits, such as access to sustainable financing, improved energy efficiency, and enhanced stakeholder trust.
Businesses that act decisively position themselves to thrive in a net zero economy, which contributed £74bn to the UK in 2023. The power to lead change is in your hands.
driving the understanding of how to develop the funding market the sector really needs.”
Chris Skidmore told the event: “Desmos is here to help and scale up companies who have proven technologies that can provide those solutions- get in contact if we can be of help, we want to hear from you.”
Desmos’ latest expansion plans aim at establishing the firm as a leading global sustainable investment bank, specialising in supporting green and sustainable technologies across emerging markets, with future plans to also expand into the US in 2025.
Chris Skidmore said: “Since announcing the creation of Desmos, I’ve been taken aback by the level of support but also by the tremendous demand from companies focused on the technologies and solutions of tomorrow to provide a sustainable future. They require guidance and support to deliver their scale up ambitions.”
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