The European Union has negotiated its "biggest climate law" ever. With emitters forced to pay more, billions of euros are expected to go toward a climate social fund. Tim Schauenberg takes a closer look in an article on the Deutsche Welle website. EU reforms Emissions Trading System: What you need to know The European … Continue reading The EU’s new carbon market includes a reformed Emissions Trading System (ETS)
Category: climate finance
The fundamentals of distributed ledger technology to verify clean energy production are hugely significant
As accounting for energy use becomes increasingly sophisticated, there are directions in which this metric is evolving, including adopting blockchain. Gian Autenrieth, Co-Lead of D-REC Initiative, writes about renewable energy certificates and blockchain in an article on the Sustainability website. Renewable energy certificates, the blockchain and the future What is a renewable energy certificate … Continue reading The fundamentals of distributed ledger technology to verify clean energy production are hugely significant
How “loss and damage” was handled at COP27
Saleemul Huq, director of the International Centre for Climate Change and Development at the Independent University in Bangladesh and a friend of EiD has argued for many years that developing countries need serious support to address their own concerns because of climate change. One of the few positive outcomes of COP27 was the agreement to … Continue reading How “loss and damage” was handled at COP27
With the current architecture for climate finance, cities are being left out
The current architecture of the institutions and funds that provide climate finance is, however, not designed to work at a sub-national level. Therefore across the globe, cities are being left out. This situation is even more pertinent for African cities as Africa is both the fastest urbanising continent in the world and among the most … Continue reading With the current architecture for climate finance, cities are being left out
While “loss and damage” is gaining more attention ahead of COP27, who’s going to pay?
Loss and damage has been at the heart of much media reporting about the upcoming Cop27 climate talks in Egypt in November. With many disasters recently, such as the flooding in Pakistan, the importance of loss and damage compensation gains attention. Isabella Kaminski writes on the Climate Change News about the challenges involved. She notes that … Continue reading While “loss and damage” is gaining more attention ahead of COP27, who’s going to pay?
“Debt-for-climate swaps” to help low- and middle-income countries lower their vulnerability
With carefully designed debt-for-climate swaps and support from international institutions, developing countries could expand their finance for desperately needed climate mitigation and adaptation actions and remove some of their heavy debt burden. Soyoung Oh, Junior Research Fellow, The Fletcher School at Tufts University discusses her views in an article on The Conversation website. How … Continue reading “Debt-for-climate swaps” to help low- and middle-income countries lower their vulnerability
New report on overhauling investment governance for a just zero-carbon future
The Columbia Center on Sustainable Investment (CCSI) recently released a briefing titled “International Investment Governance and Achieving a Just Zero-Carbon Future,” available in both English and French. The briefing discusses how the current international investment regime is hostile to states’ ability to address the climate crisis and will deter, delay or water down states’ climate-related … Continue reading New report on overhauling investment governance for a just zero-carbon future
France’s largest bank under pressure to stop financing the development of fossil fuels
NGOs which previously took the French government to court have taken steps towards a lawsuit against the bank, the world's leading financer of oil and gas majors. Stéphane Mandard discusses latest developments in an article on the English section of the Le Monde website. BNP Paribas warned to stop financing fossil fuels and 'climate … Continue reading France’s largest bank under pressure to stop financing the development of fossil fuels
Twenty high risk countries threatening to halt debt payments
The countries want their collective $685 billion in debts forgiven so the money can be invested in climate projects. Lisa Friedman discusses latest developments in an article on The New York Times website. 20 Nations at High Risk From Global Warming Might Halt Debt Payments Twenty countries most vulnerable to climate change are considering … Continue reading Twenty high risk countries threatening to halt debt payments
The transition to “smart cities”
Europe is making good progress in getting urban areas into the digital age. A survey in 10 EU member states found that 88% of cities have started their digital transformation and that 69% were planning to invest in tech solutions in the next three years. Molly Killeen discusses latest developments in an article on the … Continue reading The transition to “smart cities”
Energy in Demand - Sustainable Energy - Rod Janssen 