BP and Shell are scaling back electricity ambitions to escape the ‘valley of death,’ according to the Financial Times website (behind a paywall). Over the past five years, the two companies had spent a combined US$18 billion to be major players in electricity. But now Shell has sold its retail electricity business in Germany, the … Continue reading Energy in Demand News, December 15, 2024
Category: climate finance
One major bank in UK will factor in energy performance certificate ratings when deciding how much to lend to borrowers from this week
Emily Braeger writes on the iNews website about a change in lending policy from one of the major lenders in Britain. Those buying the most energy-efficient homes will be able to borrow slightly more than they would if their home had an average rating. Halifax also says those buying the least efficient properties will be … Continue reading One major bank in UK will factor in energy performance certificate ratings when deciding how much to lend to borrowers from this week
US support for backing outstanding mortgages giving only vague guidance on climate-related catastrophe
Fannie Mae and Freddie Mac, which backstop most U.S. mortgages, know floods and fires are a growing problem. But little action has been taken. Lydia DePillis discusses this growing issue in the US. One wonders how the new administration will deal with this issue? Mortgage Regulators Are Shrugging Off Climate Risk. It Could Cost … Continue reading US support for backing outstanding mortgages giving only vague guidance on climate-related catastrophe
Energy in Demand News, December 8, 2024
How many times have we heard President-elect Donald Trump say: “We will drill, baby, drill.” It’s not clear that producers will fall in line. For the past six years, the US has already been the world’s largest producer of oil and natural gas, according to the Department of Energy’s Energy Information Administration, and produces about … Continue reading Energy in Demand News, December 8, 2024
Financiers warn net zero borrowing binges “risk fuelling boom and fust cycles”
Tim Wallace writes on the Telegraph website about warnings from the Institute of International Finance that nations could be forced to step up spending to stay on track with net zero targets. What are your views? Net zero borrowing binges ‘risk fuelling boom and bust cycles’ Net zero borrowing binges by governments risk fuelling … Continue reading Financiers warn net zero borrowing binges “risk fuelling boom and fust cycles”
Energy in Demand News, November 24, 2024
The talks at COP29 ran 33 hours late, and came close to collapse. In the end richer countries pledged a record $300bn to help the developing world fight climate change, but the deal is facing recrimination that it comes nowhere near addressing poorer countries' challenges from global warming. The New York Times (behind a paywall) … Continue reading Energy in Demand News, November 24, 2024
There is still greenwashing when it comes to carbon offsets
The results of a recent survey raises questions about how some companies use carbon offsets and cast doubt on how effective voluntary carbon markets – at least in their current state – are in assisting a global transition to net-zero-emissions In an article on The Conversation website, Sehoon Kim, Assistant Professor of Finance, University of … Continue reading There is still greenwashing when it comes to carbon offsets
“The EIB has integrated the energy efficiency first principle into its Energy Lending Policy”
In 2023, the European Investment Bank provided more than €21.3 billion for energy-related projects, of which €8.3 billion was for energy efficiency, jumping from €2.1 billion in 2014 – but the energy-efficiency gap remains challenging. Christoph Schwaiger writes on the Euractiv website how the EIB is taking lending in energy efficiency seriously. EIB sees … Continue reading “The EIB has integrated the energy efficiency first principle into its Energy Lending Policy”
Blog by Steve Thorne: The Voluntary Carbon Markets (VCM) – what has been learned so far… and where is it heading?
The first-ever United Nations global stock take warned that the world is significantly off track in meeting the goals of the Paris Agreement in reaching a maximum of 1.5oC warming by 2050. We need every tool available working at full speed to reduce emissions and secure a liveable future for the planet. A high-integrity voluntary carbon market … Continue reading Blog by Steve Thorne: The Voluntary Carbon Markets (VCM) – what has been learned so far… and where is it heading?
Introducing “Climate Impact Auctions”
The need to meet global climate goals has never been more pressing. Greenhouse-gas emissions from low- and middle-income countries, which contribute approximately 72 per cent of current global emissions, must decline without inhibiting development. High-income countries have committed to mobilise US$100 billion annually to support climate action in developing countries. In an article on the … Continue reading Introducing “Climate Impact Auctions”
Energy in Demand - Sustainable Energy - Rod Janssen 