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 →

“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” →