Climate finance is notoriously hard to define and track. As wealthy nations edge towards their $100bn a year target, a new question emerges: how to spend it? Energy Monitor explores whether climate finance is being spent constructively and what could improve its impact.
Massive offshore wind farms are being built across Asia, Europe and the Americas – but the world still only has 2% of the capacity that will be needed for net-zero greenhouse gas emissions in 2050.
Fossil fuel markets are becoming more unstable due to both geopolitics and the energy transition. Meanwhile, new technology means 'variable' power supply does not have to be 'unreliable'.
Opinion: The success of COP26 rests on it providing an alternative to China’s Belt and Road Initiative
Superpowers need to provide the developing world with the greener infrastructure it urgently needs. As China is failing to do so with the Belt and Road Initiative, the West must step up at COP26.
Power companies should divert investment to green technologies or risk a “debt trap” and declines in credit ratings, concludes a study by Oxford University and University College Cork.
Policy barriers are preventing capital flowing towards low-carbon transport. Ingrid Holmes, executive director of the UK’s Green Finance Institute, tells Energy Monitor how the organisation plans to bring them down.
Sheffield, in the north of England, has a long history of steelmaking, and is now home to electrolyser manufacturer ITM Power. However, the UK government is failing to give any clear support to cleaning up steel production using green hydrogen.
Governments at all levels are establishing green banks to catalyse investment in carbon-cutting solutions. In the US, Joe Biden and Democrats in Congress want to take the model nationwide.
Data shows the EU's pipeline of solar and wind is 1.2 times greater than existing capacity.
Global clean energy investment is insufficient to achieve net-zero emissions by 2050. In the US, Senate Democrats intend to use an arcane parliamentary procedure to advance Joe Biden’s climate agenda. It may be the world's best chance to close the spending gap.
Companies are ready to embrace corporate PPAs, but policymakers need to speed up the number of renewable energy projects coming online, says Hannah Hunt, director of the RE-Source Platform, an alliance of clean energy buyers and sellers.
A government scheme promoting the uptake of solar irrigation pumps in India is falling short of its targets because farmers cannot afford them, says the Institute for Energy Economics and Financial Analysis.