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 →

“Pension savers and the general public are being misled when it comes to sustainable finance”

An investigation led by Voxeurop in partnership with the Guardian and other media partners finds EU-regulated funds touting ethical credentials include fast fashion labels and fossil fuel companies. Ajit Niranjan, Giorgio Michalopoulos and Stefano Valentino discuss the findings of the investigation in an article on the Guardian website. EU-regulated ‘sustainable’ funds invest £14bn in … Continue reading “Pension savers and the general public are being misled when it comes to sustainable finance” →

“There are no valid economic arguments against rapidly shifting from burning polluting fossil fuels to cleaner energy sources”

In an article on the Common Dreams website, David Suzuki, an award-winning geneticist and broadcaster, co-founded the David Suzuki Foundation, a science-based non-profit environmental organization headquartered in Vancouver, British Columbia provides a strong argument about the economic case for a rapid clean energy transition. What are your views. It's Ridiculous Just How Good the … Continue reading “There are no valid economic arguments against rapidly shifting from burning polluting fossil fuels to cleaner energy sources” →

Energy in Demand News, June 2, 2024

Remember that the elections for the European Parliament are this coming week, June 6-9th. To help citizens to make informed choices on which political parties to lend their vote next week, CAN Europe cooperated with a number of climate and environmental organisations to create the EU Parliament Scoreboard – a tool which analyses European Parliament … Continue reading Energy in Demand News, June 2, 2024 →

Reports found many offsetting schemes do nothing to mitigate the climate crisis and biodiversity loss

Negative scientific and press reports on the efficacy of carbon credit projects has led to a ‘direct pullback in buyer investment’ in 2023. Patrick Greenfield discusses the issues in an article on the Guardian website. Market value of carbon offsets drops 61%, report finds The market for carbon offsets shrank dramatically last year, falling … Continue reading Reports found many offsetting schemes do nothing to mitigate the climate crisis and biodiversity loss →

Shell sold millions of ‘phantom’ carbon credits

Subsidy scheme in Alberta allowed oil major to register carbon credits equivalent to twice the volume of CO₂ captured. Greenpeace describes the deal with Alberta as a 'hidden subsidy' that awarded money for 'phantom' credits. Benjamin Shingler discusses the new report in an article on the CBC News website. Shell sold millions of carbon … Continue reading Shell sold millions of ‘phantom’ carbon credits →