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
Category: climate finance
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 News, November 17, 2024
It has been quite a first week at COP29. Azerbaijani president, Ilham Aliyev, defended Azerbaijan’s current exports of gas and plans to expand production told world leaders gathered in his country for COP29 that natural gas was a “gift from God” and he shouldn’t be blamed for bringing it to market. Kicking off the leaders’ … Continue reading Energy in Demand News, November 17, 2024
In search of climate financing
To mobilise the huge sums needed to finance ecological transition and adapt to global warming, several countries, including France, are considering new global taxes. In an article on the Le Monde website, Audrey Garric and Matthieu Goar discuss various options being considered COP29: From aviation to the super-rich, the search for innovative climate financing … Continue reading In search of climate financing
Energy in Demand News, November 10, 2024
The IEA’s Energy Efficiency 2024 report was published this week, just before COP29. Energy intensity improvements have decreased in the past year, even though nearly 200 countries agreed at COP28 to the goal of doubling the rate of progress, which would mean increasing intensity from 2% in 2022 to 4% by 2030. Yet, the IEA … Continue reading Energy in Demand News, November 10, 2024
EC’s European Energy Efficiency Financing Coalition takes shape
Jov Onsat writes on the Rigzone website about the financial institutions that have joined the EEEFC that was launched earlier this year. European Commission Welcomes First Banks in Energy Efficiency Alliance The European Energy Efficiency Financing Coalition has signed 49 private and public financial institutions including some of the biggest banks in Europe as … Continue reading EC’s European Energy Efficiency Financing Coalition takes shape
Private investments in adaptation are likely to be significantly underestimated as a result of the colossal challenge in tracking them
Matteo Civillini writes on the Climate Change News website about the difficulties in estimating how much businesses are spending on adaptation. Businesses may be investing more in climate adaptation than we think Measures to adapt to climate change are often seen as the Cinderella of climate action – largely ignored and under-funded, garnering only … Continue reading Private investments in adaptation are likely to be significantly underestimated as a result of the colossal challenge in tracking them
Energy in Demand - Sustainable Energy - Rod Janssen 