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 →

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 →

Energy in Demand News, May 12, 2024

In the energy transition governments have been losing fuel duties in the shift away from combustion engines. The Financial Times (behind a paywall) writes that, globally, policymakers are imposing new taxes on electric vehicles because last year there was a drop in receipts of $10 billion. The net loss is projected to rise to $110 … Continue reading Energy in Demand News, May 12, 2024 →

For shipping to keep within its carbon budget, all available levers will need to be actioned at different points in time over the next three decades

Bureau Veritas (BV) has recently published a report outlining potential decarbonization trajectories for the maritime industry through five distinct scenarios. Paul Delouche, the Strategy, Acquisitions, and Advanced Services Director at Bureau Veritas Marine & Offshore discusses the report in an article on the Maritime Executive website. For those not familiar with energy insetting, the concept … Continue reading For shipping to keep within its carbon budget, all available levers will need to be actioned at different points in time over the next three decades →

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 →

Banks made big climate promises but a new study doubts they work

Using European Central Bank lending data, researchers said there was not evidence that voluntary commitments were effective in reducing emissions. Hundreds of banks, insurers and asset managers vowed to plow $130 trillion in capital into reducing carbon emissions and financing the energy transition as they introduced the Glasgow Financial Alliance for Net Zero. But a … Continue reading Banks made big climate promises but a new study doubts they work →

UN’s new “loss and damage” fund off to slow start

Demand for finance to pay for the aftermath of climate impacts is rocketing – but progress on getting a new UN loss and damage fund up and running is slow. Laurie Goering discusses latest developments in an article on the Climate Change News website. Expectations mount as loss and damage fund staggers to its … Continue reading UN’s new “loss and damage” fund off to slow start →

“If we are to have any chance of reaching the Paris Agreement goals, we will have to reward those who play the game and penalize those who do not”

In an article on the Le Monde website, finance expert Laurent Babikian proposes rewarding companies who make efforts to decarbonise and penalizing those who don't. What are your views? Climate: 'The most effective way of reaching the Paris Agreement would be variable price business models' To achieve the Paris Agreement, greenhouse gas emissions (GHG) … Continue reading “If we are to have any chance of reaching the Paris Agreement goals, we will have to reward those who play the game and penalize those who do not” →

EU to probe subsidies to Chinese solar panel manufacturers that have distorted European market

Nikolaus J. Kurmayer writes on the Euractiv website about whether subsidies allowed Chinese firms to submit unfair bids for the construction of a Romanian solar panel park. The probe reflects a hardening stance in Europe towards cheap Chinese imports, which the EU’s solar industry has blamed for the heavy losses and plant closures of several … Continue reading EU to probe subsidies to Chinese solar panel manufacturers that have distorted European market →