In an article about the paradox of climate adaptation spending, a Financial Times newsletter says that many global companies recognise the seriousness of climate-related risks to their business, with 66% of the EU businesses polled confirming that they face threats from the physical impacts of climate change. But, according to the survey last year by the European Investment Bank, only 22% of them had an adaptation strategy. The newsletter went on to say that “a growing chorus of voices from the financial sector has been arguing lately that spending on climate adaptation could be poised to take off.” The newsletter the discussed a new survey by the London Stock Exchange Group that “companies with exposure to adaptation solutions” generated total revenue of $1 trillion last year. In case you are gulping at the revenue, the newsletter continued: “You can be forgiven for thinking that number sounds a bit high. The companies in question mostly sell products and services for which climate resilience is only one part of the value proposition. “Green building” revenues comprise $424bn of the total, according to LSEG. Water infrastructure — which has an important role to play in climate adaptation, but would need investment in any case — accounts for a further $94bn.” Check out the two surveys. They are not behind paywalls.
We have to all be concerned about what is going on in the US concerning dismantling the policy framework for energy efficiency. The American Council for an Energy-Efficient Economy (ACEEE) stated that energy efficiency tax credits that lower costs for American households and businesses would be terminated under a key legislative proposal released in the U.S. House of Representatives. “Canceling these tax credits would raise monthly costs for American families and businesses,” said Steven Nadel, executive director of the American Council for an Energy-Efficient Economy. “This proposal would make it harder for homeowners to make energy improvements that lower their utility bills and improve their comfort. It would reduce builders’ incentive to construct efficient homes with low monthly energy bills. It would make it harder for individuals to use electric cars, and businesses to use electric trucks, which can both lower monthly costs.” You may remember that Steve attended eceee’s summer study last year and has been a long-time advocate for improved energy efficiency.
It was announced this week by the European Council for an Energy Efficient Economy (eceee) that the next Zero Carbon event will be held in Rome next February 4-5, 2026. The event is co-organised with the Italian Federation for Energy Efficiency – FIRE.
In planning travel over the upcoming weeks, here are some useful ideas to help you along:
- Country Living Magazine provides 3 European train routes set to transform travel in 2025.
- World Walks provides us with the top spring walks in Europe.
- For those who want to combine hiking with food and wine in Europe and Australia, check out the Hedonistic Hiking website.
- Cycling for Softies provides us with the 15 Best Cycling Holidays in Europe 2025.
- Torino (Italy) is embracing a new era, transforming from an industrial powerhouse into a flourishing tourism destination: Torino Named European Capital of Smart Tourism 2025.
Harry S. Truman (1884-1972), 33rd US president, gave a special message to Congress on the internal security of the US that is an important message to all of us: “Once a government is committed to the principle of silencing the voice of opposition, it has only one way to go, and that is down the path of increasingly repressive measures, until it becomes a source of terror to all its citizens and creates a country where everyone lives in fear.”
EiD welcomes your views about this week’s selection of posts on the zero-carbon energy transition:
- From Africa to Southeast Asia, the Trump administration is cancelling US support for projects designed to replace coal, oil and gas with clean energy
- South Africa, as G20 president, should push for fossil fuel subsidies to be shifted into funding cleaner energy and climate adaptation
- Germany’s climate and energy transition: challenges of its new federal government
- How efficient are UK homes?
- Blog by Ellie Gabel: How virtual power plants Are revolutionizing grid management
- How cities can prepare for the “adaptation gap”
- EU transmission network risks being ‘systemic handbrake’ in clean energy transition
- Spotlight on EU funded project to provide home renovation roadmaps to address energy poverty in vulnerable rural districts
Please send your comments on any of the posts. Please recommend EiD to your friends and colleagues.
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Energy in Demand - Sustainable Energy - Rod Janssen 