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 News, June 30, 2024

Some of the world's biggest companies (including IKEA and Unilever), finance houses, cities and regions have joined forces to urge governments to increase their climate ambition ahead of a February 2025 deadline to deliver their emission-cutting plans to the United Nations. The coalition is named Mission 2025. It is convened by Groundswell - a collaboration … Continue reading Energy in Demand News, June 30, 2024 →

The Modernisation Fund accused of repeatedly allocating public money to waste incineration and fossil gas projects

As global temperatures continue to soar and climate disasters hit the most vulnerable, the EU’s little-known Modernisation Fund is propping up unsustainable energy infrastructure. The CEE Bankwatch Network writes on its website about such financing. What are your views? EU climate fund bankrolling dirty energy expansion Yesterday, 24 June, in its latest disbursement round, … Continue reading The Modernisation Fund accused of repeatedly allocating public money to waste incineration and fossil gas projects →

“Pension savers and the general public are being misled when it comes to sustainable finance”

An investigation led by Voxeurop in partnership with the Guardian and other media partners finds EU-regulated funds touting ethical credentials include fast fashion labels and fossil fuel companies. Ajit Niranjan, Giorgio Michalopoulos and Stefano Valentino discuss the findings of the investigation in an article on the Guardian website. EU-regulated ‘sustainable’ funds invest £14bn in … Continue reading “Pension savers and the general public are being misled when it comes to sustainable finance” →