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
Category: climate finance
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
Too little, too late: G7 climate commitments fall short
Climate and energy ministers from G7 nations agreed a coal exit deadline – with a caveat, but made little progress on other fossil fuels and finance. Matteo Civillini discusses the results of the meeting in an article on the Climate Home News website. G7 offers tepid response to appeal for “bolder” climate action When … Continue reading Too little, too late: G7 climate commitments fall short
Energy in Demand News, April 28, 2024
Economic damage from natural catastrophes is raising concern that some areas could be rendered uninsurable, according to Petra Hielkema, head of the European Insurance and Occupational Pensions Authority (Eiopa), quoted in the Financial Times (behind a paywall). “The EU suffered more than €50bn in economic losses from natural catastrophes in both 2021 and 2022, according … Continue reading Energy in Demand News, April 28, 2024
Did the World Bank and IMF Spring Meetings build momentum for transformative change in Africa?
In an article on the African Arguments website, an expert panel gives their verdict on whether the Spring Meetings offered Africa hope that climate finance will be expanded and reformed. Climate finance: Did the IMF/World Bank spring meetings move the dial? In a year in which climate finance will take centre stage in climate … Continue reading Did the World Bank and IMF Spring Meetings build momentum for transformative change in Africa?
Energy in Demand - Sustainable Energy - Rod Janssen 