A British oil company has won over €190 million ($190m) in compensation from the Italian government for blocking a planned project off Italy’s Adriatic coast. Arthur Neslen discusses the arbitration results in an article on The Guardian website. Bravo to Yamina Saheb, friend of EiD, for her role as whistleblower to expose the impact of … Continue reading British company used the Energy Charter Treaty to sue the Italian government for foregone profits and plans to invest the compensation in further drilling
Category: financial instruments
European mayors pledge sustainable rebuilding of Ukrainian cities
Mayors from European cities travelled to Kyiv on Friday 19 August to sign a political agreement to support the sustainable rebuilding of Ukrainian cities. The accord outlines plans to match rebuilding needs in Ukraine with capabilities of other European cities. The pact is backed by the city network, Eurocities, and signed by Ukraine’s Congress of … Continue reading European mayors pledge sustainable rebuilding of Ukrainian cities
The world’s most influential banks need to substantially accelerate climate efforts
Many of the world's biggest banks are falling far short of aligning their practices with the Paris Agreement goal of limiting the Earth's warming to 1.5 degrees Celsius above pre-industrial levels, a new report from the IIGCC warns. The report is discussed in an Associated Press news item on The Independent website. Banks far … Continue reading The world’s most influential banks need to substantially accelerate climate efforts
We have a lot of work cut out for us to get the energy efficiency improvements we need
Minimum energy performance standards for buildings coupled with generous tax rebates for renovations – 110% in Italy – could unlock the energy service company market in Europe. Sonja van Renssen discusses the main issues with Jessica Stromback in an article on the Energy Monitor website. Expect a “seismic shift” on energy efficiency – Jessica … Continue reading We have a lot of work cut out for us to get the energy efficiency improvements we need
New IISD report on how Glasgow Statement signatories can meet their commitment to shift international public finance out of fossil fuels and into clean energy by the end of 2022
The International Institute for Sustainable Development has recently published Turning Pledges Into Action. Glasgow Statement signatories made a commitment to end new international public finance for fossil fuels by the end of 2022 and fully shift their focus toward financing clean energy. Now, it's time to turn those pledges into action. This report analyses the … Continue reading New IISD report on how Glasgow Statement signatories can meet their commitment to shift international public finance out of fossil fuels and into clean energy by the end of 2022
Scotland provides important lessons in how to implement energy efficiency
Devolution has freed the Scottish government to come up with innovative publicly funded energy-saving schemes. Whitehall should take note of their success according to Andrew Warren, chairman of the British Energy Efficiency Federation, writing in the July/August issue of Energy in Buildings & Industry. Scotland can show England the way There has been much … Continue reading Scotland provides important lessons in how to implement energy efficiency
New report from EIB on what drives firms’ investment in climate change
The European Investment Bank has recently published its most recent EIB investment survey. From extreme heatwaves and wildfires to in North America to the deadly flooding in Western Europe and Asia in 2021, the dramatic rise in catastrophic weather events has repercussions for firms. At the same time, cutting emissions sufficiently to limit global warming … Continue reading New report from EIB on what drives firms’ investment in climate change
While spending on renewables is going up globally, the increase is due to rising prices rather than investments in new clean energy capacity
The International Energy Agency projects that spending on renewables in 2022 will exceed the record $440 billion invested last year. Despite the accelerated spending on green technologies, the world still is not on track to reach net-zero emissions by 2050, IEA said. Benjamin Storrow from E&E News discusses latest developments in an article on the … Continue reading While spending on renewables is going up globally, the increase is due to rising prices rather than investments in new clean energy capacity
The UK is in a strong position to lead efforts on developing an international carbon border adjustment mechanism
A ‘carbon border adjustment mechanism’ on imported goods from polluting factories overseas could help to address the thorny issue of carbon leakage, argues Andrew Warren, chairman of the British Energy Efficiency Federation in the June issue of Energy in Buildings & Industry. It’s not a tax, it’s just an adjustment mechanism Cheap imports of … Continue reading The UK is in a strong position to lead efforts on developing an international carbon border adjustment mechanism
Modernisation of Energy Charter Treaty seen as “a real threat” to the landmark Paris climate agreement
The members of the Energy Charter Treaty on Friday struck a deal to “modernise” the energy charter treaty. The 1994 agreement allows investors to sue governments for changes in energy policy that harm their profits. The compromise agreement, which was largely designed by the EU, reduces the protection afforded to companies that have invested in … Continue reading Modernisation of Energy Charter Treaty seen as “a real threat” to the landmark Paris climate agreement
Energy in Demand - Sustainable Energy - Rod Janssen 