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”
Category: climate finance
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 News, July 21, 2024
The energy transition is proving to be quite a challenge. This week, the New York Times (behind a paywall) wondered why the oil industry is booming. High prices and growing demand have helped US oil producers take in record profits despite global efforts to spur greater use of renewable energy and electric cars. The article … Continue reading Energy in Demand News, July 21, 2024
New report from UK’s Energy Saving Trust on use of loans
The Energy Saving Trust has put together a policy brief on how loan schemes have and are being used in Scotland to encourage action to reduce emissions in homes and businesses. It is valuable to learn how effective they have been in Scotland. What is the experience in your country? Policy briefing: the use … Continue reading New report from UK’s Energy Saving Trust on use of loans
Tackling climate change and its consequences needs urgent investment
Moazzam Malik, managing director at the World Resources Institute and honorary professor at the UCL Policy Lab writes on the Climate Home News website, stating that a new global deal on financing is needed. He argues that a more effective framework led by the UN could involve a binding financial target, a role for emerging … Continue reading Tackling climate change and its consequences needs urgent investment
For the EU to meet its climate goals, a strong policy push is needed to redirect financial flows towards transition financing
In a news item on the Euractiv website, a new report by the European Climate Neutrality Observatory provides the state of EU progress to climate neutrality, emphasising investment really needs to ramp up. EU needs to double investment to meet climate goals: report The European Union needs to double targeted investment to meet its … Continue reading For the EU to meet its climate goals, a strong policy push is needed to redirect financial flows towards transition financing
The Modernisation Fund accused of repeatedly allocating public money to waste incineration and fossil gas projects
As global temperatures continue to soar and climate disasters hit the most vulnerable, the EU’s little-known Modernisation Fund is propping up unsustainable energy infrastructure. The CEE Bankwatch Network writes on its website about such financing. What are your views? EU climate fund bankrolling dirty energy expansion Yesterday, 24 June, in its latest disbursement round, … Continue reading The Modernisation Fund accused of repeatedly allocating public money to waste incineration and fossil gas projects
Energy in Demand - Sustainable Energy - Rod Janssen 