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
Category: financial instruments
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
Reforms needed for multilateral development banks to provide more capital for sustainable development
Multilateral Development Banks (MDBs) could make billions more in investment capital available for sustainable development. That is the astounding finding of a recent report, commissioned by the G20. Given that MDBs’ whole purpose is to maximise the impact of their funds, their donors are wondering why they have left money on the table. Donors and … Continue reading Reforms needed for multilateral development banks to provide more capital for sustainable development
A social tariff has shielded eligible households in Belgium from price fluctuations since 2002
While governments focus on how to protect consumers from escalating energy prices, Belgium shows an important way forward. Since 2002, eligible households have been shielded from price fluctuations in the energy market. People don’t have to struggle. Carl Packman discusses the approach taken by Belgium in an article on The Guardian website. There is … Continue reading A social tariff has shielded eligible households in Belgium from price fluctuations since 2002
African leaders frustrated that leaders from the north avoided COP27 preparatory meeting on adaptation
With two months to go until COP27, leaders of African countries had hoped to take advantage of the Rotterdam meeting held this last week to summon international attention on adaptation concerns. Well, they were disappointed. Laurence Caramel discusses the situation in an article on the Le Monde website. African leaders denounce rich countries' absence … Continue reading African leaders frustrated that leaders from the north avoided COP27 preparatory meeting on adaptation
Germany’s 9 euro summer rail pass experiment brought many benefits
After three months, the special offer in Germany of the 9-euro ticket for nationwide use on local and regional public transport made tourist highlights accessible at low cost and even achieved some carbon emissions reductions. Some news agencies note that 52 million tickets were purchased during the three month experiment. Kate Connolly discusses in an … Continue reading Germany’s 9 euro summer rail pass experiment brought many benefits
Five Canadian banks risk being forced to leave UN net-zero banking club
The Glasgow Financial Alliance for Net Zero (GFANZ), formed ahead of last year's UN climate conference in Scotland, is part of a larger network called Race to Zero that seeks to rally companies, cities, financial institutions and other civil society groups to steer the world to a climate-safe future. To be a member of GFANZ … Continue reading Five Canadian banks risk being forced to leave UN net-zero banking club
Energy in Demand - Sustainable Energy - Rod Janssen 