The latest EU state to leave the Energy Charter Treaty: Luxembourg

The Luxembourg government has decided to exit the Energy Charter Treaty (ECT), an international trade and investment agreement concluded in the early 1990s to protect investments in the energy sector, Luxembourg’s Minister of Energy and Spatial Planning, Claude Turmes, announced on Friday 18 November. Frédéric Simon discusses latest developments in an article on the Euractiv website. … Continue reading The latest EU state to leave the Energy Charter Treaty: Luxembourg →

With the current architecture for climate finance, cities are being left out

The current architecture of the institutions and funds that provide climate finance is, however, not designed to work at a sub-national level. Therefore across the globe, cities are being left out. This situation is even more pertinent for African cities as Africa is both the fastest urbanising continent in the world and among the most … Continue reading With the current architecture for climate finance, cities are being left out →

While “loss and damage” is gaining more attention ahead of COP27, who’s going to pay?

Loss and damage has been at the heart of much media reporting about the upcoming Cop27 climate talks in Egypt in November. With many disasters recently, such as the flooding in Pakistan, the importance of loss and damage compensation gains attention. Isabella Kaminski writes on the Climate Change News about the challenges involved. She notes that … Continue reading While “loss and damage” is gaining more attention ahead of COP27, who’s going to pay? →

New report on overhauling investment governance for a just zero-carbon future

The Columbia Center on Sustainable Investment (CCSI) recently released a briefing titled “International Investment Governance and Achieving a Just Zero-Carbon Future,” available in both English and French. The briefing discusses how the current international investment regime is hostile to states’ ability to address the climate crisis and will deter, delay or water down states’ climate-related … Continue reading New report on overhauling investment governance for a just zero-carbon future →

EU planning major reform of its anti-pollution legislation

As part of a major reform of the EU’s anti-pollution legislation, the European Commission said it planned to tighten air quality standards, including on one of the most dangerous pollutants, fine particulate matter. Jennifer Rankin discusses latest developments in an article on The Guardian website. EU plans tighter controls on pollution as doctors call … Continue reading EU planning major reform of its anti-pollution legislation →

France’s largest bank under pressure to stop financing the development of fossil fuels

NGOs which previously took the French government to court have taken steps towards a lawsuit against the bank, the world's leading financer of oil and gas majors. Stéphane Mandard discusses latest developments in an article on the English section of the Le Monde website. BNP Paribas warned to stop financing fossil fuels and 'climate … Continue reading France’s largest bank under pressure to stop financing the development of fossil fuels →

New EEA briefing on urban prosumption

Europe’s urban centres offer opportunities for citizens to produce renewable energy as prosumers according to a European Environment Agency (EEA) briefing, published this week. Cities can play a key role in Europe’s shift to a low-carbon future. Facilitating urban prosumption can help accelerate this process. Cities can offer new opportunities for prosumers of renewable … Continue reading New EEA briefing on urban prosumption →

Scaling up private and public investment is crucial in financing the zero-carbon transition

Ian Thomson, Director of the Centre for Responsible Business, University of Birmingham writes on The Conversation website about how investments can be directed to have the most decisive impacts. What are your views? Financing the transition to net-zero – here’s how the EU will advise investors where to put their money Ahead of next … Continue reading Scaling up private and public investment is crucial in financing the zero-carbon transition →

France’s energy transition: funding needs to significantly increase to meet long-term goals

According to the Institute for Climate Economics, households, companies and the government would have to invest between €13 billion and €30 billion per year between 2021 and 2030 to stay on course for carbon neutrality. Audrey Garric discusses in an artlcle on the Le Monde website. France needs to dramatically boost spending to achieve … Continue reading France’s energy transition: funding needs to significantly increase to meet long-term goals →

A group of 10 major economies are building momentum to scale-up climate finance by reforming development banks, starting with the World Bank

A group of 10 countries led by the US and Germany have presented the bank’s management with a plan to reform the institution this week. Chloé Farand discusses latest developments in an article on the Climate Change News website. US, Germany back ‘fundamental reform’ of World Bank to scale climate finance A group of … Continue reading A group of 10 major economies are building momentum to scale-up climate finance by reforming development banks, starting with the World Bank →