The $100 billion climate finance question
Finance for development initiatives in emerging markets is intrinsically tied to climate change—from new roads and energy infrastructure to transportation and new buildings. Yet despite the billions of dollars in overseas development assistance funding, the promised $100 billion of new and additional climate finance by 2020 has failed to materialise
Holistic thinking can provide more opportunities for funding
RENEWED TARGETS Annual funding target to developing nations now set for 2023 following COP26 talks in Glasgow
INVESTMENT DEFINITIONS There is some confusion as to what finance can be classed as development funding or aid
KEY QUOTE Climate action is very much something that is part of the development process—whether it’s mitigation or adaptation ...
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The $100 billion climate finance question
Finance for development initiatives in emerging markets is intrinsically tied to climate change—from new roads and energy infrastructure to transportation and new buildings. Yet despite the billions of dollars in overseas development assistance funding, the promised $100 billion of new and additional climate finance by 2020 has failed to materialise
Getting the finance to flow
To create demand for sustainable finance, governments should integrate climate criteria into their procurement and in how they draft policies and regulations
Investors muscle up and pile on green pressure
Companies involved in activities that carry high climate-related, financial and reputational risks can no longer be certain of securing funds. Investors today have a choice. Green energy has become a comparatively better bet, with a lower risk profile and demonstrably higher returns. Companies can either realign their business strategies or watch institutional investors walk away
Cities battle to beat the heat
Cities are feeling the heat more than outlying areas. The increased use of vegetation, reflective surfaces, building codes promoting ambitious energy efficiency standards and district cooling are being employed to provide heat relief and facilitate sustainable cooling for urban dwellers
Global investment in offshore wind could blow up a storm
Investor interest in offshore wind is picking up speed worldwide thanks to plummeting costs and technology improvements, says Miles Huq, Transactions Advisory Services Leader at EY Global Power & Utilities. He has advice to those looking to place their money in the sector, which has big potential to help countries meet energy transition goals
Keeping it cool
First there was district heating, now there is district cooling and in Copenhagen it comes from seawater
Emerging markets gain from the digital evolution of energy
Technology start-ups in Africa are making use of the roll-out of mobile phone networks to bring digital innovation to remote areas through pay-as-you-go models for services that can increase prosperity. For the first time, smallholders can afford solar panels for electricity while others can sign on to thriving energy-as-a-service business models that do not require an initial capital outlay