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Canada joins historic commitment to end international fossil fuel finance by end of 2022

Enviromental Defense

Glasgow β€” Today at COP26, Canada, US, Mali, UK, and 20 other countries and institutions from both developed and developing countries launched a joint statement committing to end direct international public finance for unabated coal, oil and gas by the end of 2022 and prioritize clean energy finance. This was 2.5

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European Green Deal - What is the Just Transition Mechanism?

Energy and Climate Law

The financial part of this Green Deal is the European Green Deal Investment Plan (EGDIP) , revealed on 14 January 2020. This programme should mobilise β€œat least €1 trillion of sustainable investments ” until 2030. Source: The European Green Deal Investment Plan and Just Transition Mechanism explained, EC, Brussels, 14 January 2020, p.

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Analysis: What’s at stake for India and South Asia at COP26?

A Greener Life

None of this happened in 2020 due to the COVID-19 crisis, which led the UN to postpone the meeting, and negotiations are resuming this year with the same agenda. Despite its renewable targets, 80% of India’s energy needs are currently met by fossil fuels, particularly coal, a figure that will likely face scrutiny in Glasgow.

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Sounding Green vs Being Green: How to finance sustainability?

HumanNature

The Sustainable Development Goals outlined by the UN Foundation in 2015 not only provide a guideline for an ideal future, but also illustrate the multi-pronged dilemma of emerging economies. The problem here does not lie in the policies being made, but the non-sustainable nature of principles they are based on. Egli, Florian.

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India’s banks unprepared for climate breaking points

A Greener Life

As climate change accelerates, the risks and costs of extreme weather – like 2020’s Cyclone Amphan – are set to skyrocket in India. Especially on things like fossil fuels exclusion policies, net-zero targets, and long-term scenario analysis for their portfolio.”? . Photo credit: Majority World CIC / Alamy. By Lou Del Bello.

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Investment in renewables reached record highs in 2022

A Greener Life

Greater efforts must be made Irena says efforts must be made to scale up investments in off-grid renewable energy solutions, as the report also found that the investments fall below the 2030 Sustainable Development Goals. It is vital that the gap must be plugged to reach universal energy access and improve livelihoods and welfare.

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Analysis: Brazil plans to continue investing in coal-fired power despite global shifts

A Greener Life

Despite the worldwide mobilisation towards the adoption of renewable energy, the Brazilian government continues to promote the use of coal, the most polluting fossil fuel. The Bolsonaro government’s new coal plans face barriers to funding and worsen the country’s already worn-out image at COP26. But Brazil did not sign the agreement.

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