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 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 →