One of Britain’s biggest insurers lets corporate clients know they will lose cover if they fail to meet GHG emissions targets

Aviva is the first global insurer and the first UK financial services company to set a target of reducing carbon emissions to net zero by 2040. Louisa Clarence-Smith discusses latest developments in an article on The Times website.   Aviva leads global insurers on climate change plan One of Britain’s biggest insurers is putting companies … Continue reading One of Britain’s biggest insurers lets corporate clients know they will lose cover if they fail to meet GHG emissions targets

Beware of carbon accounting tricks for us to achieve net zero

Disaster looms if big finance is allowed to game the carbon offsetting markets to achieve ‘net zero’ emissions. Simon Lewis, professor global change science at University College London and University of Leeds, discusses in an article on the Guardian website.   The climate crisis can't be solved by carbon accounting tricks An astonishing global shift … Continue reading Beware of carbon accounting tricks for us to achieve net zero

Cities of Leeds and London will be home to a new UK centre for driving global green finance and investment

The research hubs in the two cities will provide data and analytics to financial institutions and services such as banks, lenders, investors and insurers around the world to better support investment and business decisions by considering the impact on the environment and climate change. The hubs also aim to attract and develop new green finance … Continue reading Cities of Leeds and London will be home to a new UK centre for driving global green finance and investment

Outgoing Secretary-General of OECD says action on environmental crises must be defining focus of wealthy countries after Covid

The outgoing Secretary-General of the OECD Ángel Gurría said the coronavirus crisis must be dealt with as a matter of urgency, but that the biggest task after that would be tackling the world’s environmental emergencies. Fiona Harvey reports in The Guardian about the views of Mr. Gurría on the climate crisis. In a separate article … Continue reading Outgoing Secretary-General of OECD says action on environmental crises must be defining focus of wealthy countries after Covid

Britain comes up with its own emissions trading scheme

On January 1st, EiD had a post about Britain, Brexit and ETS and where everything was heading. Now Andrew Warren, Chairman of the British Energy Efficiency Federation writes in February issue of Energy in Buildings & Industry about Britain’s own emissions trading scheme. Although the UK has set its own scheme, it is likely that, … Continue reading Britain comes up with its own emissions trading scheme

Upcoming event: EEFIG 2021 Plenary, February 9-10th

This year’s most important event in energy efficiency financing is coming up in two weeks. Make sure to register (see below). The Energy Efficiency Financial Institutions Group (EEFIG) organises annual plenary meetings that are open to all members and interested parties. The next plenary is taking place on 9-10 February 2021 in virtual format. This … Continue reading Upcoming event: EEFIG 2021 Plenary, February 9-10th

The Green Climate Fund is by design a learning institution

The Green Climate Fund, the biggest multilateral climate fund, is a good example of an institution whose built-in learning structures and accountability have allowed it to remain relevant. Archi Rastogi discusses what the fund can teach us about multilateral organisations. In an article on the Policy Options website.   What the Green Climate Fund can teach us … Continue reading The Green Climate Fund is by design a learning institution

The exponential drop in the cost of solar, storage and power electronics is accelerating the energy transition already underway

Doug Arent and Adam Warren from the National Renewable Energy Laboratory discuss in the January 2021 Issue on the Financier Worldwide website the opportunities available to invest in clean energy technologies because of their dramatic cost reductions in the past decade.   Financing clean energy: unprecedented momentum and opportunity Clean energy technologies, particularly solar photovoltaics … Continue reading The exponential drop in the cost of solar, storage and power electronics is accelerating the energy transition already underway

Apple’s co-founder Steve Wozniak backing blockchain-based cryptocurrency to promote energy efficiency

Apple’s co-founder Steve Wozniak is backing a new cryptocurrency. Through his new company WOZX, clients buy a proxy for a stake in an energy efficiency project: typically upgrades to infrastructure, from LED lights and window glazing to thicker insulation and more efficient power generators. Michael J. Coren discusses latest developments on the Quartz website.   … Continue reading Apple’s co-founder Steve Wozniak backing blockchain-based cryptocurrency to promote energy efficiency

EU green finance getting more serious

Kate Abnett and Simon Jessop write on the Reuter’s website that new taxonomy rules will be tighter for buildings but much less so for the shipping industry. No doubt you will be reading more about latest developments in taxonomy. On November 20th, the Commission launched a stakeholder feedback period on the draft Commission Delegated Regulation supplementing … Continue reading EU green finance getting more serious