China has pledged to peak carbon emissions by 2030 at the latest, but its economic plan for 2021-2025 is expected to approve the building of more coal-powered plants
China’s greenhouse emissions have slightly decreased and emissions from coal are expected to peak by 2025 as cheap wind and solar power and electric vehicles make fast inroads, says Nannan Kou, head of China research at BloombergNEF. As of 2019, just over half of the world’s coal emissions came from China, but the country is also a leading manufacturer of solar and wind equipment, electric vehicles and batteries. With the US, it dominates the global market for wind project installations. ...
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The concept of transition bonds began as an idea to sell bonds that were difficult to market as green bonds, mainly natural gas bonds, but has evolved into an opportunity to accelerate decarbonisation efforts
Many believe the ECB and other central banks should bring climate considerations into the rulebook governing what they support and how
Despite the constant flood of bad news related to Covid-19, there are signs we are also witnessing unprecedented global dialogue, innovation and collaboration, offering hope that climate change and clean energy can be at the forefront of post-pandemic plans, says Mark Watts, Executive Director of C40 Cities
Politically there is broad support in Denmark for financing the green transition through taxes and a carbon emissions tax proposal has been welcomed by parties across the political spectrum, but industry opposition could ultimately quash the idea
The world’s development banks are funnelling ever-greater volumes of finance into clean energy — but the challenge of shifting entire economies away from climate-wrecking activity and towards actions that align investment goals with those of the Paris Agreement requires a more holistic approach
When China later this year introduces its emissions trading system, it will double the combined size of all existing carbon markets.
An EU taxonomy to define green investments is expected to enter into force in 2021, but some experts want it to be used immediately to inform stimulus packages aimed at dealing with the social and economic fallout from the Covid-19 pandemic
COVID-19 may have reduced emissions in the short-term, but much more needs to happen to slash fossil fuel use to meet climate targets
To create demand for sustainable finance, governments should integrate climate criteria into their procurement and in how they draft policies and regulations
Recent Eurelectric analysis reveals the need to reconsider and improve a number of policies and priorities as part of the European Green Deal — the EU Emissions Trading System and an effective carbon pricing for non-ETS require careful consideration, says Petar Georgiev, Eurelectric Policy Advisor climate & e-mobility
The UK is often cited as a leader in the transition to a clean energy economy, even though some British public money still flows to oil and fossil gas projects overseas
Europe is considering taking the bold step of introducing a border carbon adjustment tariff on goods imported from regions where carbon pricing is lacking, placing trade right in the middle of its climate ambitions
The impact of Covid-19 on decarbonisation efforts is likely to be short-lived if governments can learn lessons around the effective response to a crisis, says Paul Micallef Global Digital Grid Leader at EY