While many parties wanted more precise commitments from rich countries to help vulnerable countries cope with the dramatic effects of global warming, this particular issue has been postponed. How to pay for it has yet to be answered. Simon Jessop, David Stanway and Kate Abnett discuss the developments at COP28 in an article on the … Continue reading COP28: A disappointing outcome on the crucial issue of adaptation to climate change
Category: climate finance
Energy in Demand News, December 10, 2023
At COP28, the first “Global Stocktake,” will assess the results of national and international collective action to curb climate change. The UN's Global Stocktake synthesis draft report, released in September, shows that despite some progress since the Paris Agreement in 2015, the world is still far off track to reduce emissions enough to keep temperature … Continue reading Energy in Demand News, December 10, 2023
The new ‘loss and damage’ fund needs to focus on climate refugees
Dr. Dalila Gharbaoui, Postdoctoral Climate Crisis Research Fellow, at Australia’s University of Canterbury writes on The Conversation website about the need for the new ‘loss and damage’ fund to ensure climate refugees are protected with great urgency. Dr. Gharbaoui relates this to the recent Australia-Tuvalu agreement that provides a “pathway” for citizens of Tuvalu affected … Continue reading The new ‘loss and damage’ fund needs to focus on climate refugees
Money pledged to loss and damage fund at COP28 falls far short of losses developing countries face each year
In an article on The Conversation website, Shannon Gibson, Associate Professor of International Relations and Environmental Studies, USC Dornsife College of Letters, Arts and Sciences, writes about the newly approved loss and damages fund at COP28. She says the deal itself leaves much undecided and that it has been met with criticism by climate justice … Continue reading Money pledged to loss and damage fund at COP28 falls far short of losses developing countries face each year
Canada’s “climate adaptation gap” needs to change
In an article on The Conversation website, Will Greaves, Associate Professor of International Relations at the University of Victoria and Yvonne Su, Assistant Professor in the Department of Equity Studies at York University, Canada write about the need in Canada to take an entirely new approach to address the climate disasters that are devastating the … Continue reading Canada’s “climate adaptation gap” needs to change
Energy in Demand News, November 12th, 2023
When you Google for social media and climate change, you see links on how it positively helps create awareness on the climate and you see others quite negative especially when there is deliberate misinformation. It was surprising this week to see an article in the Financial Times (behind a paywall) that Shell is tapping gamers … Continue reading Energy in Demand News, November 12th, 2023
As years-long negotiations over boosting global efforts to adapt to climate change enter the final stretch, countries are still divided over targets and the funding to achieve them
Developing and developed countries are wrangling over whether finance should be included in an adaptation framework to be approved at upcoming COP28. Matteo Civillini discusses latest developments in an article on the Climate Home News website. Talks to boost ‘underfinanced’ climate adaptation split over money As years-long negotiations over boosting global efforts to adapt … Continue reading As years-long negotiations over boosting global efforts to adapt to climate change enter the final stretch, countries are still divided over targets and the funding to achieve them
New EEA briefing on the benefits of investing in clean technology and a green industry in Europe
Europe has committed to ambitious sustainability targets in the coming decades, including achieving climate neutrality by 2050. This transition requires large investments while public budgets are under increasing pressure from security needs, inflation, ageing population, and other priorities. Published this week, a European Environment Agency (EEA) analysis looks at this challenge and identifies investments in … Continue reading New EEA briefing on the benefits of investing in clean technology and a green industry in Europe
Economists underestimate climate risk, says Finance Watch
In a new report, the NGO judges that by underestimating the financial repercussions of climate change, economists are encouraging politicians to inaction. Climate risk is growing to disruptive levels throughout the financial system and the guardians of financial stability urgently need to adapt their tools to regain control. Finance Watch’s new report published on its … Continue reading Economists underestimate climate risk, says Finance Watch
Emerging markets will need $1.5 trillion in investment before 2035 to make new and existing buildings environmentally friendly and avoid a jump in climate-damaging emissions
Tommy Wilkes and Simon Jessop write on the Reuter’s website that emerging markets will need $1.5 trillion in investment before 2035 to avoid a jump in climate-damaging emissions. China alone would need $1.33 trillion. The funds would be used for investments in electrification of older inefficient buildings with cleaner energy, and the construction of energy-efficient … Continue reading Emerging markets will need $1.5 trillion in investment before 2035 to make new and existing buildings environmentally friendly and avoid a jump in climate-damaging emissions
Energy in Demand - Sustainable Energy - Rod Janssen 