In 2023, the European Investment Bank provided more than €21.3 billion for energy-related projects, of which €8.3 billion was for energy efficiency, jumping from €2.1 billion in 2014 – but the energy-efficiency gap remains challenging. Christoph Schwaiger writes on the Euractiv website how the EIB is taking lending in energy efficiency seriously. EIB sees … Continue reading “The EIB has integrated the energy efficiency first principle into its Energy Lending Policy”
Category: sustainable finance
Blog by Steve Thorne: The Voluntary Carbon Markets (VCM) – what has been learned so far… and where is it heading?
The first-ever United Nations global stock take warned that the world is significantly off track in meeting the goals of the Paris Agreement in reaching a maximum of 1.5oC warming by 2050. We need every tool available working at full speed to reduce emissions and secure a liveable future for the planet. A high-integrity voluntary carbon market … Continue reading Blog by Steve Thorne: The Voluntary Carbon Markets (VCM) – what has been learned so far… and where is it heading?
Introducing “Climate Impact Auctions”
The need to meet global climate goals has never been more pressing. Greenhouse-gas emissions from low- and middle-income countries, which contribute approximately 72 per cent of current global emissions, must decline without inhibiting development. High-income countries have committed to mobilise US$100 billion annually to support climate action in developing countries. In an article on the … Continue reading Introducing “Climate Impact Auctions”
In search of climate financing
To mobilise the huge sums needed to finance ecological transition and adapt to global warming, several countries, including France, are considering new global taxes. In an article on the Le Monde website, Audrey Garric and Matthieu Goar discuss various options being considered COP29: From aviation to the super-rich, the search for innovative climate financing … Continue reading In search of climate financing
Private investments in adaptation are likely to be significantly underestimated as a result of the colossal challenge in tracking them
Matteo Civillini writes on the Climate Change News website about the difficulties in estimating how much businesses are spending on adaptation. Businesses may be investing more in climate adaptation than we think Measures to adapt to climate change are often seen as the Cinderella of climate action – largely ignored and under-funded, garnering only … Continue reading Private investments in adaptation are likely to be significantly underestimated as a result of the colossal challenge in tracking them
Clean energy technologies save households serious money, but the barrier to entry increased in 2024
With the cost of living top of mind for Canadians, a new Clean Energy Canada report finds that making a few clean energy changes to your household can save hundreds of dollars a month for families. The report is discussed in a news item on the Energy Mix website. EVs, Energy Efficiency Save Canadians … Continue reading Clean energy technologies save households serious money, but the barrier to entry increased in 2024
“This shocking increase in aid funding to fossil fuels is a wake-up call”
In an article on the Guardian website, Ajit Niranjan discusses the increase in foreign aid going to fossil fuel projects. With clean air projects receiving just 1% of aid, activists say nations ‘cannot continue polluting practices at expense of climate stability.’ Foreign aid for fossil fuel projects quadrupled in a single year Foreign aid … Continue reading “This shocking increase in aid funding to fossil fuels is a wake-up call”
UK businesses stand to benefit from closer alignment between the UK and EU Emissions Trading Schemes
In an article on the Business Green website, Andrew Warren, chair of the British Energy Efficiency Federation and a friend of EiD, argues that Britain’s businesses stand to benefit from closer alignment between the UK and EU Emissions Trading Schemes. After all, British companies only left the EU scheme three years ago thanks to Brexit. … Continue reading UK businesses stand to benefit from closer alignment between the UK and EU Emissions Trading Schemes
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
Tackling climate change and its consequences needs urgent investment
Moazzam Malik, managing director at the World Resources Institute and honorary professor at the UCL Policy Lab writes on the Climate Home News website, stating that a new global deal on financing is needed. He argues that a more effective framework led by the UN could involve a binding financial target, a role for emerging … Continue reading Tackling climate change and its consequences needs urgent investment
Energy in Demand - Sustainable Energy - Rod Janssen 