Global investment in energy efficiency could rise by 16% to $560bn in 2022, the International Energy Agency said, as governments and consumers respond to fuel supply disruptions and record-high energy prices.
A final decision – formal approval – on the new regulation may occur at another emergency meeting on December 13.
Euro sustainable bond issuance in 2023 is not likely to repeat the growth rates seen in the last few years. While governments and agencies could slightly accelerate ESG issuance in 2023, financial institutions' ESG bond supply will lose some steam.
AmonRa wants to raise funds to finance its expansion in Romania and in other Southeast European countries.
COP finished two days late on November 20 without any new agreements on climate change targets or emissions reductions, although a deal was hammered out to set up an as yet uncosted loss and damage fund.
Reducing coal consumption is the central challenge to achieving the world’s climate targets, Fatih Birol, executive director of the International Energy Agency, told COP27.
The UN has identified greenwashing by business and finance as the biggest danger facing the race to net zero, urging them to avoid a toxic cover-up and to ensure that any climate pledges they keep are in line with the 1.5-degree targets.
The investments of the world’s 125 wealthiest people produce the same amount of CO2 as the whole of France, while each of them emits a million times more greenhouse gases than the average person.
Research indicates that a fifth of buildings plus 40% of railways and roads on endangered parts of Himalayan Qinhai-Tibet Plateau are in trouble, driven by climate change.
The European Parliament has approved temporary emergency regulations to accelerate the deployment of renewable energy across the EU, but gas investment is still allowed
Emissions from future LNG projects and could use up 10% of the remaining global carbon budget for 1.5˚C warming by 2050.
Ljubljana says "outdated" treaty impedes its climate goals as it follows several fellow EU members in announcing decision to quit.
Kazakhstan is itching to get its lithium out of the ground.
COP26 has not delivered so far on the promises made in Glasgow in November 2021, with companies failing to move towards zero emissions pledges and the world as a whole not meeting the targets and aspirations laid down.
Wind giant Vestas has reduced its financial expectations for the year because of pressures from inflation and the energy crisis that followed Russia’s invasion of Ukraine.
Investors are accumulating portfolios of PV projects in Romania, encouraged by a contracts for difference scheme reportedly planned by the government.
BIG Energia Holdings aims to become a leading renewable energy player in Eastern Europe and the Balkans.
Iran is claiming progress with its solar industry, set to reach an estimated 1,000 MW in the next six months. Time will only tell whether the country, hit with massive protests and a crisis of legitimacy, will pull off this massive feat.
The plan is to turn waters from the Caspian Sea into clean hydrogen for export.
The world is heading for a 2.8°C rise in global warming by 2100 unless governments urgently improve their emissions targets, the UN warned, otherwise the window of opportunity to take the required climate action will slam shut.