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
Category: climate finance
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
“This shocking increase in aid funding to fossil fuels is a wake-up call”
In an article on the Guardian website, Ajit Niranjan discusses the increase in foreign aid going to fossil fuel projects. With clean air projects receiving just 1% of aid, activists say nations ‘cannot continue polluting practices at expense of climate stability.’ Foreign aid for fossil fuel projects quadrupled in a single year Foreign aid … Continue reading “This shocking increase in aid funding to fossil fuels is a wake-up call”
A rapid and meaningful expansion of ‘climate mainstreaming’ is vital for addressing the urgent global climate crisis
In an article on The Conversation website, Steven Lam, Visiting researcher, Department of Population Medicine, University of Guelph and Gloria Novović, LSE Fellow, Department of Gender Studies, University of Guelph argue that a rapid and meaningful expansion of climate mainstreaming — the integration of climate considerations into all programs and policies — is vital for … Continue reading A rapid and meaningful expansion of ‘climate mainstreaming’ is vital for addressing the urgent global climate crisis
How developing countries can benefit as clean energy investment doubles globally
Global investment in clean energy is set to double the amount going to fossil fuels this year. But developing nations are largely being left out of the renewable energy transition. Michael Purton writes on the World Economic Forum website how developing countries can benefit from the investments. Clean energy investment is set to double … Continue reading How developing countries can benefit as clean energy investment doubles globally
UK businesses ready to ramp up carbon credit investments despite market and integrity concerns
Nearly two thirds (63%) of all sustainability targets set by large businesses in the UK will be achieved by the purchase of carbon credits, with companies planning to spend on average £20 million to do so, according to new research by global risk management and insurance broker, Gallagher. Details of the study is on the … Continue reading UK businesses ready to ramp up carbon credit investments despite market and integrity concerns
UK businesses stand to benefit from closer alignment between the UK and EU Emissions Trading Schemes
In an article on the Business Green website, Andrew Warren, chair of the British Energy Efficiency Federation and a friend of EiD, argues that Britain’s businesses stand to benefit from closer alignment between the UK and EU Emissions Trading Schemes. After all, British companies only left the EU scheme three years ago thanks to Brexit. … Continue reading UK businesses stand to benefit from closer alignment between the UK and EU Emissions Trading Schemes
Energy in Demand - Sustainable Energy - Rod Janssen 