To pile on the pressure over climate negotiations, the UN Secretary General Antonio Guterres is convening a special Climate Action Summit, starting today. Nations are being pressed to accelerate their ambitions and back them up with concrete and realistic plans. The summit will be focussed on six ‘action areas’: energy transition; industry transition; infrastructure, cities and local action; nature-based solutions; resilience and adaptation; … [Read more...]
Member States must decide: cash for climate or cash for carbon?
Over 3 billion euros of EU money meant for Europe’s poorer regions could be up for grabs by the fossil fuel industry if EU Member States do not change their current position on 25 June. The funding, which is part of the 374 billion Euro ‘Cohesion Policy’ pot, was - in the European Commission’s proposal - meant to go to sustainable economic activities. Yet if EU Member States get their way, a significant portion of the funding would be made … [Read more...]
GGFI: “Avoid carbon bubble, choose financial centre wisely”
We already have indexes that pick green stocks, and rank nations by their policies. The Global Green Finance Index (GGFI) ranks the world’s financial centres – London, New York, Singapore, Shanghai, etc. – by the policies and support they give to green investments. Old ways of valuing assets, particularly in fossil fuel companies, are being questioned say Mike Wardle and Michael Mainelli of the think tank Z/Yen, one of the creators of the index. … [Read more...]
Energy Efficiency targets: Time to ramp up investment in buildings, industry and vehicles
Energy efficiency investment rates need to double now, and then double again in 2025, to meet energy efficiency’s obligation to hitting the Paris targets. Right now there is a €130bn annual energy efficiency investment gap in Europe. Peter Sweatman, Rapporteur for EEFIG, looks at the assets themselves and says we need to productise the measurement of their energy efficiency, and then legislate. That’s how to make energy efficient homes, offices, … [Read more...]
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