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Saying that “ investment-grade climatechange and clean energy policy is required to shift private sector investment from high-carbon to low-carbon assets ”, a group of 285 investors has urged governments and international policy makers to take new and meaningful steps in the fight against climatechange.
Governments at the COP17 meeting decided to adopt some form of a universal legal agreement on climatechange as soon. Parties to this second period will turn their economy-wide targets into quantified emission limitation or reduction objectives and submit them for review by 1 May 2012. existing climatechange.
Among the transportation-related elements of US President Barack Obama’s new climate action plan, which he is outlining today in a speech at Georgetown University, is the development of new fuel economy standards for heavy-duty vehicles post-2018. Preparing the US for the impacts of climatechange. Earlier post.).
In the Principles, launched one day ahead of the UN Climate Action Summit in New York, banks commit to align their business strategically with the goals of the Paris Agreement on ClimateChange and the Sustainable Development Goals, and scale up their contribution to the achievement of both.
The many new and expanded strong policy initiatives and green targets in China’s 12 th Five year Plan, released on 5 March 2011, provide “ clear evidence ” that China’s low-carbon policies remain global best-in-class, according to a new report from DB ClimateChange Advisors (DBCCA). Source: DBCCA. —DBCCA.
Overall, declining costs for solar and wind played a considerable factor in the fall in absolute dollar investment in emerging economies. The Climatescope results come just ahead of next month’s United Nations-supported climate negotiations in Madrid. This year’s Climatescope headline results are undeniably disappointing.
The low annual rate of global reduction of carbon emissions per unit of GDP needed to limit global warming to 2 °C—based on the probability assessments of the UN IPCC—is insufficient to achieve that goal, according to the latest Low Carbon Economy Index published by business consultancy PwC. —PwC.
IEEE continues to raise its visibility as a trusted voice on mitigating the effects of climatechange. ClimateChange Conference (COP29). Then in December, IEEE and the International Telecommunication Union held a symposium on achieving climate resilience.
Developed countries would reach agreement with emerging economies such as Brazil, China, and India as to whether or not emerging economies should set emissions reduction targets. Financing of adaptive measures would be prioritized for the most vulnerable countries, such as small island states and sub-Saharan African nations.
KPMG developed 3 nexuses linked by climatechange to represent the challenges of sustainable growth. The 10 global sustainability megaforces that may impact business over the next two decades are: ClimateChange: This may be the one global megaforce that directly impacts all others. Source: KPMG. Click to enlarge.
Without a change in current transport development patterns in Asia, global carbon dioxide emissions and fuel prices will keep rising, with consequences for climatechange, energy security, and economic growth. However, Asia’s needs are vast, with estimated investments of $2.5
Brazil’s Minister of Environment Izabella Teixeira and Brazilian National Development Bank (BNDES) President Luciano Coutinho announced the launch of a new credit line to support projects focused on greenhouse gas reduction and climatechange solutions.
Reducing our carbon emissions and the physical and economic damages from unmitigated climatechange is a massive win for nations and businesses alike. trillion in developing economies.
In a deal brokered by the city’s newly commissioned Citizens Environmental Task Force, Exxon/Mobil, owners of the Exxon/Mobil Refinery in the City of Torrance agreed today to fund a bond that will make low cost financing of solar energy systems for home and apartment owners. 2. Green Building & Remodeling.
Inefficient fossil fuel subsidies encourage wasteful consumption, distort markets, impede investment in clean energy sources and undermine efforts to deal with climatechange. The inaugural meeting of the G-20 took place in Berlin, on December 15-16, 1999, hosted by German and Canadian finance ministers.
California has a strong interest in promoting the adoption of electric vehicles, based on the benefits to the economy, environment, and quality of life. Plan for and facilitate deployment of a well-planned and easy-to-use charging infrastructure network. —“Electric Drive by ’25”. The author of this policy paper is Ethan N.
A significant price on CO 2 emissions to encourage investment in the green economy. Bringing developing countries into the carbon markets in order to encourage low carbon development, provide finance and make the most of mitigation opportunities. International climate negotiations can only go so far.
President Clinton himself made the announcement of a national PACE finance program as part of the Clinton Global Initiative meeting in New York. It’s exactly the same kind of land secured financing we’ve been reporting on here at Creative Greenius for over a year now in our coverage of AB 811.
The European Investment Bank (EIB) will grant financing of up to €300 million (US$426 million) to Valeo for its current research projects aiming to reduce the fuel consumption and CO 2 emissions of cars and improve active safety. Tags: Europe Financing Policy Vehicle Manufacturers. billion) in loans for cleaner vehicles, thereof €3.4
in addition to Opus 12, they are: WILDCOAST (Imperial Beach, California) is working to secure a resilient coastline to help protect communities, economies and ecosystems from climatechange impacts in the Gulf of California. is using pay-as-you-save financing to help transportation companies switch to electric buses.
Dr. Situmbeko Musokotwane, Zambia’s Minister of Finance and National Planning, announced that, “… to continue promoting the usage of clean energy as well as supporting the green economy and climatechange mitigation, I propose the following measures: a) Remove customs duty on […]
In spring the Chancellor presents the annual Budget statement, which includes a detailed assessment of the state of the economy and the nation’s finances. In his statement, the Chancellor may announce changes to taxes and new spending measures. This year’s PBR follows the first contraction in the global economy for 60 years.
However, reform has been hampered by concerns over how higher fuel prices will affect the broader economy—potentially disrupting key sectors like transport, industry and agriculture—and the ability of poor citizens to cope with higher prices. Progress toward a complete phaseout, however, has been minimal.
The report’s authors, Max von Bismarck and Anuradha Gurung from the World Economic Forum, and Chris Greenwood and Michael Liebreich from New Energy Finance, argue that “ enormous investment in energy infrastructure is required to address the twin threats of energy insecurity and climatechange. billion) in 2004.
The Government of Canada’s commitment to eliminating inefficient fossil fuel subsidies signals both greater support for clean technology as well as emission reductions across the economy from traditional sectors. Canada is also committed to phasing out public financing of the fossil fuel sector.
LanzaJet, a sustainable fuels technology company and renewable fuels producer, has secured financing for its Freedom Pines Fuels plant in Soperton, Georgia ( earlier post ), through the Microsoft Climate Innovation Fund. LanzaJet produces SAF and renewable diesel from low-carbon, sustainable ethanol sources.
Moreover, developers must show that the project would make no economic sense without CDM funds and that documentation exists to demonstrate that these factors were considered by the company’s board of directors in their decision to pursue CDM financing. Intergovernmental Panel on ClimateChange, ClimateChange 2007: Mitigation.
These investments will enable FiveT to establish itself at the heart of the hydrogen industry and help advance a broader global mission to address climatechange and accelerate the energy transition. The Fund will exclusively finance projects in the production, storage and distribution of clean hydrogen.
Based on a survey of 284 senior-level renewable energy executives, the report canvasses the risks in financing, constructing and operating renewable energy projects as well as the risk management challenges that the renewable energy industry must confront. —Andreas Spiegel, Swiss Re’s Senior ClimateChange Adviser.
The report indicates that “ the G7 will need to assist emerging market and developing countries in tackling their greater debt and finance constraints that have resulted from the pandemic, and embark on programmes of green recovery and transformation ”. The report says that $1.5-1.7
A new generation of low-emission engines and more fuel-efficient vehicles will develop new skills and innovation across the United Kingdom, and these new vehicles will make a significant contribution to combating climatechange. —European Investment Bank Vice President Simon Brooks.
We emphasize that this policy portfolio is not a substitute for an economy-wide carbon management policy (such as a carbon tax or cap-and-trade system). Indeed, an economy-wide constraint would ensure that reductions in fuel consumption and GHG emissions are not displaced to sectors not covered under transportation-specific policies.
We have had a long debate about climatechange in this country. Most Australians now agree our climate is changing, this is caused by carbon pollution, this has harmful effects on our environment and on the economy—and the Government should act.
tank-to-wheel-based fuel efficiency metrics, is the most promising policy option for future climate policy regulation of the road transport sector, according to a new study developed under the direction of Professor Ottmar Edenhofer of the Potsdam Institute for Climate Impact Research (PIK). —CITIES. Creutzig, F., Flachsland, C.,
trillion in 2010) would be required to overcome poverty; increase food production to eradicate hunger without degrading land and water resources; and avert the climatechange catastrophe. These trends, which are diametrically opposed to declared greenhouse gas mitigation goals and targets, are by no means limited to emerging economies.
Under the auspices of the India Smart Grid Forum, the think tank founded as an umbrella organization over India’s 28 state utilities to provide thought leadership, share leading practices, and bring international insights to India, I’m delivering bi-weekly webinars framed by the Short List of Climate Actions That Will Work.
In 2008, a report by UNEP called for the elimination of fossil-fuel subsidies, concluding that such subsidies often lead to increased levels of consumption and waste; place a heavy burden on government finances; can undermine private and public investment in the energy sector; and do not always end up helping the people who need them most.
The European Commission has sent a formal communication [ 1 ] to the European Council and European Parliament, laying out the Commission’s recommendations to Council and Parliament on positions that the European Union should take during international climatechange negotiations later this year in Copenhagen. European Commission.
Given the magnitude of technological change required to support California’s transition to a low-carbon economy while improving air quality, ARB says that it is imperative that its policies understand and effectively contend with barriers to implementation of clean technology.
The alternative scenario assumes that Asia’s fast-growing economies—the PRC, India, Indonesia, and Viet Nam—will fall into the middle income trap of slowing growth rates and stagnating income levels over the next 5 to 10 years. In its march toward prosperity, Asia faces several key challenges and risks.
Decoupling economic growth from unsustainable resource use and environmental impacts—especially in urban areas—underpins the transition to a low-carbon, resource efficient green economy. Finance: Tax incentives and subsidies can be used to stimulate the up-take of green technologies.
Member states should consider strategies to compensate for the taxation shortfall from fuels due to higher fuel economy by, for example, gradually adapting the minimum fuel tax level in the EU to increase incentives to shift to higher fuel economy and to keep total tax paid constant in real terms for both the consumer and the state revenues.
Business must do even more for climate protection, even in difficult times, said Franz Fehrenbach, chairman of the Bosch board of management, an a talk at the Baden-Württemberg sustainability congress held in Stuttgart on 25 March ( Nachhaltigkeitskongress Baden-Württemberg 2009 ). Tags: ClimateChange Policy Sustainability.
International agreements on the need to combat climatechange, the fluctuating but generally rising costs of marine fuels which account for a large proportion of the running costs of a ship, and developments on a number of other fronts have led many in the industry to question whether the present methods of ship propulsion are sustainable.
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