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
Category: climate finance
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
The world of business is going through a period of dynamic transition as it joins the battle against climate change
Trillions of dollars flooding into climate solutions are transforming finance, a sector that has been energised by a green transformation almost invisible to most of us outside the finance industry. Don Pittis discusses recent comments by Mark Carney in an article on the Canadian Broadcasting Corporation website. Mark Carney says smart money needs better … Continue reading The world of business is going through a period of dynamic transition as it joins the battle against climate change
A “credible” carbon offsetting market is being set up, led by former Governor of the Bank of England, Mark Carney
The former Governor of the Bank of England has established a private sector task force to establish standards for the booming market. The task force will “establish the standards for the infrastructure around a voluntary carbon market.” Hayley Dixon explains in an article on The Telegraph website. Mark Carney to set up 'credible' carbon … Continue reading A “credible” carbon offsetting market is being set up, led by former Governor of the Bank of England, Mark Carney
Understanding the EU Emissions Trading System (ETS)
We must reduce GHG emissions to net zero by 2050 to have a reasonable chance of limiting global warming to 1.5C. Human activities - mainly the burning of fossil fuels - are currently emitting far too much CO2 every year. One approach to reducing CO2 emissions is emissions trading – it is carrot-and-stick: emitters of … Continue reading Understanding the EU Emissions Trading System (ETS)
Energy in Demand - Sustainable Energy - Rod Janssen 