Scaling up private and public investment is crucial in financing the zero-carbon transition

Ian Thomson, Director of the Centre for Responsible Business, University of Birmingham writes on The Conversation website about how investments can be directed to have the most decisive impacts. What are your views? Financing the transition to net-zero – here’s how the EU will advise investors where to put their money Ahead of next … Continue reading Scaling up private and public investment is crucial in financing the zero-carbon transition →

France’s energy transition: funding needs to significantly increase to meet long-term goals

According to the Institute for Climate Economics, households, companies and the government would have to invest between €13 billion and €30 billion per year between 2021 and 2030 to stay on course for carbon neutrality. Audrey Garric discusses in an artlcle on the Le Monde website. France needs to dramatically boost spending to achieve … Continue reading France’s energy transition: funding needs to significantly increase to meet long-term goals →

A group of 10 major economies are building momentum to scale-up climate finance by reforming development banks, starting with the World Bank

A group of 10 countries led by the US and Germany have presented the bank’s management with a plan to reform the institution this week. Chloé Farand discusses latest developments in an article on the Climate Change News website. US, Germany back ‘fundamental reform’ of World Bank to scale climate finance A group of … Continue reading A group of 10 major economies are building momentum to scale-up climate finance by reforming development banks, starting with the World Bank →

Reforms needed for multilateral development banks to provide more capital for sustainable development

Multilateral Development Banks (MDBs) could make billions more in investment capital available for sustainable development. That is the astounding finding of a recent report, commissioned by the G20. Given that MDBs’ whole purpose is to maximise the impact of their funds, their donors are wondering why they have left money on the table. Donors and … Continue reading Reforms needed for multilateral development banks to provide more capital for sustainable development →

“Taxes on air travel are far more socially just than taxes on necessities such as home energy use”

Milena Buchs, Professor of Sustainable Welfare at the University of Leeds and Giulio Mattioli, Research Fellow, Department of Transport Planning at the Technical University of Dortmund in an article on The Conversation website argue that a carbon tax on air travel would be much more progressive, they would burden richer people more than poorer people … Continue reading “Taxes on air travel are far more socially just than taxes on necessities such as home energy use” →

World Bank criticised over climate crisis spending

Controversy follows the president of the World Bank, David Malpass. Last month, the former US vice-president Al Gore led calls for the president of the bank to resign after he avoided a journalist’s questions on climate science. Malpass, nominated for the position by the Trump administration, later apologised but his apparent climate denial followed years … Continue reading World Bank criticised over climate crisis spending →

Where is the help? Damages to poor countries are expected to increase as the world heats up further

The world’s most vulnerable countries are preparing to take on the richest economies with a demand for urgent finance. This “loss and damage” issue gained momentum since COP26 in Glasgow last year. Fiona Harvey writes on The Guardian website howe vulnerable many countries are. Vulnerable countries demand global tax to pay for climate-led loss … Continue reading Where is the help? Damages to poor countries are expected to increase as the world heats up further →

WEF podcast transcript on carbon offsets

As we wonder about the impact of carbon offsets, the World Economic Forum provides a podcast that should give us a wider view of their benefits. Robin Pomeroy, Podcast Editor at the WEF, discusses carbon offsets with Rachel Kyte, co-chair of the Voluntary Carbon Markets Integrity Initiative and with Dharsono Hartono, UpLink Top Innovator, and … Continue reading WEF podcast transcript on carbon offsets →

Decarbonising the energy system by 2050 could save trillions

For decades, scientists have called for a transition to clean energy to prevent the worst impacts of climate change but fears that such a transition would be costly and harm the economy have held back progress. However, a study from the Oxford Martin Programme on the Post-Carbon Transition published this week shows the reverse: an … Continue reading Decarbonising the energy system by 2050 could save trillions →

African leaders frustrated that leaders from the north avoided COP27 preparatory meeting on adaptation

With two months to go until COP27, leaders of African countries had hoped to take advantage of the Rotterdam meeting held this last week to summon international attention on adaptation concerns. Well, they were disappointed. Laurence Caramel discusses the situation in an article on the Le Monde website. African leaders denounce rich countries' absence … Continue reading African leaders frustrated that leaders from the north avoided COP27 preparatory meeting on adaptation →