Emerging markets will need $1.5 trillion in investment before 2035 to make new and existing buildings environmentally friendly and avoid a jump in climate-damaging emissions

Tommy Wilkes and Simon Jessop write on the Reuter’s website that emerging markets will need $1.5 trillion in investment before 2035 to avoid a jump in climate-damaging emissions. China alone would need $1.33 trillion. The funds would be used for investments in electrification of older inefficient buildings with cleaner energy, and the construction of energy-efficient … Continue reading Emerging markets will need $1.5 trillion in investment before 2035 to make new and existing buildings environmentally friendly and avoid a jump in climate-damaging emissions →

Energy in Demand News, September 10, 2023

This weekend’s G20 Summit in New Delhi has the theme “One Earth · One Family · One Future” (drawn from the ancient Sanskrit text of the Maha Upanishad) which is quite fitting, given the range of topics being covered. There have been discussions regarding strategies to tackle the challenges presented by climate change. Developing nations … Continue reading Energy in Demand News, September 10, 2023 →

No banks disclosed the share of total finance directed towards climate solutions in the last year, according to analysis by the TPI Centre

Only 6 of 26 banks have disclosed a commitment to end all on- and off-balance sheet activities that finance new coal capacity immediately. Only one of the banks’ net zero emissions commitments covers on and off-balance sheets activities. Five banks have publicly disclosed the quantitative results of climate scenario analysis to their shareholders and clients. … Continue reading No banks disclosed the share of total finance directed towards climate solutions in the last year, according to analysis by the TPI Centre →

One of the issues with ESG is how difficult it is for investors, consumers and the public to assess how effectively companies have implemented it

In an article on the Conversation website, Daniel Tsai, Lecturer in Business and Law at the University of Toronto and Peer Zumbansen, Professor of Business Law at McGill University discuss the need for changes to how ESG is implemented. The lack of government leadership and the fragmentation of the ESG landscape has created uncertainty about … Continue reading One of the issues with ESG is how difficult it is for investors, consumers and the public to assess how effectively companies have implemented it →

“Bangladesh has been quite well in adapting to climate change, but there is still a long way to go with not much time to waste”

Dr Saleemul Huq, director of the International Centre for Climate Change and Development and a professor at Independent University in Bangladesh and one of the most vocal and effective experts on adaptation, writes on the Daily Star website of the need to scale up as soon as possible. This is a message not only for … Continue reading “Bangladesh has been quite well in adapting to climate change, but there is still a long way to go with not much time to waste” →

The UN didn’t get all the money it wanted for its climate programmes, leaving it reliant on the whims of wealthy donor nations

Joe Lo writes on the Climate Home News website about the budget concerns for funding the UNFCCC. UN’s climate work at risk, after EU limits budget increase The European Union has ignored the warnings of the UN’s climate change body (UNFCCC) and stopped governments from giving it as much money as it says it … Continue reading The UN didn’t get all the money it wanted for its climate programmes, leaving it reliant on the whims of wealthy donor nations →

The challenges of financing the climate crisis that the upcoming Paris summit is trying to address

Foreign debt cripples countries vulnerable to extreme weather events, hindering climate change resilience. Reforming financial systems could help them combat climate change. Tim Schauenberg, in an article on the Deutsche Welle website, looks into many of the issues that need to be addressed at the upcoming Paris summit. Climate crisis and debt trap: Paris … Continue reading The challenges of financing the climate crisis that the upcoming Paris summit is trying to address →

Investment funds branded as green or socially responsible are being used to invest in fossil fuel companies

BlackRock and L&G among asset managers using funds with ESG label to invest in coal, oil and gas. Phillip Inman discusses latest developments in an article on The Guardian website. Should we be surprised? Green investment funds pushing money into fossil fuel firms, research finds Investment funds branded as green or socially responsible are … Continue reading Investment funds branded as green or socially responsible are being used to invest in fossil fuel companies →

Hopes that green capital markets could quickly close Europe’s green investment gap are overblown

The Jacques Delors Centre recently published a policy brief by Sebastian Mack. He argues that with key reforms of the Capital Markets Union stalled, the European Green Deal will rely mainly on bank lending. EU policymakers should acknowledge this and shift the focus to greening banks. The Jacques Delors Centre, founded by Jacques Delors in … Continue reading Hopes that green capital markets could quickly close Europe’s green investment gap are overblown →

Rich countries have agreed in principle to make their export credit agencies lend money on better terms for a series of “climate-friendly and green” projects

OECD countries agree to extend support for ‘climate-friendly’ projects. But vague definitions and inclusion of contested activities worry campaigners. Matteo Civillini discusses the developments in an article on the Climate Change News website. OECD reforms set to give “green” projects better export finance Rich countries have agreed in principle to make their export credit … Continue reading Rich countries have agreed in principle to make their export credit agencies lend money on better terms for a series of “climate-friendly and green” projects →