Rachel Kyte, Dean of the Fletcher School at Tufts University writes on The Conversation website about what it will take to make commitments at the Glasgow climate talks achievable. What are your views? After COP26, the hard work begins on making climate promises real: 5 things to watch in 2022 How much the world … Continue reading Five key elements to watch over the coming year as countries move forward on their climate promises
Category: climate finance
Blog from Peter Sweatman: And how much of the $100 trillion is earmarked for energy efficiency, Mark?
On November 3rd, during the first week of COP26, Mark Carney, the UN Special Envoy on Climate Action and Finance, announced that 450 financial organisations from 45 countries pledged to deliver the estimated $100 trillion of finance needed for net zero over the next three decades. This is the Glasgow Financial Alliance for Net Zero … Continue reading Blog from Peter Sweatman: And how much of the $100 trillion is earmarked for energy efficiency, Mark?
COP26: while it’s very encouraging to see many of the world’s leading banks committing to sustainable lending, it’s hard not to feel apprehensive
“The core message today is that the money is there, the money is there for the transition, and it’s not blah blah blah”, Mr. Carney told delegates during a COP26 climate finance event. Yes, banks around the world signed up to be part of the solution. Paul David Richard Griffiths, Professor of Finance; Academic Director … Continue reading COP26: while it’s very encouraging to see many of the world’s leading banks committing to sustainable lending, it’s hard not to feel apprehensive
Fierce debate over what decarbonisation conditions should be imposed to developing nation organisations seeking to access funding from Green Climate Fund
Board members from developing countries insisted that making a 2050 net zero goal a condition for accreditation to the fund breaches equity principles. As we get closer to COP26, this is a significant issue that needs to be addressed. Chloé Farand discusses the issues in an article on the Climate Change News website. Dispute … Continue reading Fierce debate over what decarbonisation conditions should be imposed to developing nation organisations seeking to access funding from Green Climate Fund
Calls for Mark Carney, UN Special Envoy on Climate Action and Finance, to help the finance world do better to address climate change
Catherine Abreu writes on the National Observer website that Mark Carney has a key role in ensuring the financial community raise their efforts in addressing climate change as we head towards COP26 in Glasgow in a few weeks. Mark Carney needs to raise the bar on climate action for financial institutions Mark Carney is … Continue reading Calls for Mark Carney, UN Special Envoy on Climate Action and Finance, to help the finance world do better to address climate change
European Central Bank climate stress tests show the challenges ahead
The stress test published Wednesday compiled data gathered on more than 4 million companies worldwide and 1,600 banks in the 19-country eurozone where the ECB sets monetary policy. The broad takeaway was that an orderly and swift transition “to minimize costs and maximize benefits outweighs short-term cost of transition to zero-carbon economy over the medium … Continue reading European Central Bank climate stress tests show the challenges ahead
New analysis shows the cost of achieving carbon neutrality in Germany
Germany wants to be carbon neutral by 2045. Restructuring its economy will cost trillions. But not investing the money would cost even more. Tim Schauenberg discusses the costs in an article on the Deutsche Welle website. This is obviously an area that the incoming Chancellor will have to deal with – urgently. What climate … Continue reading New analysis shows the cost of achieving carbon neutrality in Germany
We need to think about the wide range of ways to cut shipping emissions in the coming decade
One of the sectors doing the most damage is international shipping, the emissions of which are almost equivalent to those of an industrial country like Germany. Simon Bullock, PhD Candidate in Shipping and Climate Change at the University of Manchester provides 10 ways to reduce GHG emissions in an article on The Conversation website. … Continue reading We need to think about the wide range of ways to cut shipping emissions in the coming decade
Concerns about widespread lapses in climate risk reporting found in company accounts
Over 70% of some of world’s biggest corporate emitters failed to disclose the effects of climate risk in 2020 financial statements. 80% of their auditors showed no evidence of assessing climate risk when reporting. The report is discussed in an article on the Carbon Tracker website. Flying blind: The glaring absence of climate risks … Continue reading Concerns about widespread lapses in climate risk reporting found in company accounts
Important step forward in funding renewable energy development in Africa
UK Climate Investments is setting up Africa’s first dedicated renewable energy yieldco. A yieldco is a company that is formed to own operating assets that produce a predictable cash flow, primarily through long term contracts. Bella Weetch writes on the Energy Global website about latest developments. UK Climate Investments to support renewable energy development … Continue reading Important step forward in funding renewable energy development in Africa
Energy in Demand - Sustainable Energy - Rod Janssen 