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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
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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
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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
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