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 →

Investors are pushing major European companies to make sure the “missing” costs of climate change are properly reflected in their financial statements

European and U.S. investors, who manage $9 trillion in assets, have sent 36 carbon-heavy companies a document setting out how they should account for the likely impact of the 2015 Paris climate accord on their future profits. Matthew Green and Simon Jessop explain latest developments in an article on the Reuters website. Investors tell … Continue reading Investors are pushing major European companies to make sure the “missing” costs of climate change are properly reflected in their financial statements →

World’s publicly financed development banks pledge to use their financial muscle to rescue the global economy from the Covid-19 crisis and the climate emergency

The goal must be to build economies that are sustainable, resilient and inclusive says one head of a development bank. Encouragingly, we are seeing development banks take a more co-ordinated, integrated approach to address recovery plans and the need to ensure the Paris climate objectives are met. Fiona Harvey explains in an article on The … Continue reading World’s publicly financed development banks pledge to use their financial muscle to rescue the global economy from the Covid-19 crisis and the climate emergency →

New IISD report: G20 backtracks on fossil fuel funding phase-out

G20 governments are still spending more than half a trillion USD on oil, gas, and coal each year—and the pandemic has likely undone any progress on phasing out this support. In Doubling Back and Doubling Down: G20 Scorecard on Fossil Fuel Funding, researchers considered recovery commitments and pre-pandemic policies to rank G20 countries' progress in … Continue reading New IISD report: G20 backtracks on fossil fuel funding phase-out →

Targets for emissions cuts released by Chinese government this week

China will use energy more efficiently over the next five years and expects its carbon emissions to be on a steady decline by 2035 at the latest, according to a roadmap for the country's development released after top-level political meetings this week. Kevin Foster explains latest developments on the Argus website. China lays out … Continue reading Targets for emissions cuts released by Chinese government this week →