Record-high gas prices could be a tipping point for the energy transition. Business and policymakers in Europe should seize the opportunity for energy efficiency, renewables and green hydrogen.
Ursula von der Leyen used her 2021 State of the European Union address to urge urgent climate action, but EU capitals will likely deflate the ambition of her proposal over the coming months – and escape scrutiny for doing so.
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.
Several developed countries, led by the US but including Australia and Canada, have contributed less than 20% of their fair share to a global $100bn annual climate finance pledge, reports think tank the Overseas Development Institute.
Industry group COGEN Europe believes the efficient use of renewable fuels, such as biofuels and hydrogen, in buildings could help the EU achieve its 2030 energy efficiency and climate targets.
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.
Concerned investors are starting to make corporate laggards take real action on climate change, but for some investors, they are not moving fast enough.
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.
European oil companies are largely targeting national markets with their renewables businesses, as developing countries struggle to access financing for their energy transitions.
Global electricity consumption from street lighting could be slashed with smart cameras and sensors turned on, reducing emissions and advancing the energy transition, says the International Energy Agency.
While passive solutions are vital to the decarbonisation of cooling, improving the average energy efficiency of air conditioning is a simple, crucial step forward which governments can enact immediately.