Tag: Asia

View from an arch in Mexico

What Will It Take to Catalyze the Energy Transition?

Vastly higher clean energy targets are essential to empower the international community to make the leap to a sustainable future, according to Richard Heinberg, coauthor of “Our Renewable Future: Laying the Path for One Hundred Percent Clean Energy.” In this interview, he delves into the practical challenges involved in the global transition to renewable power sources.
Sharan Burrow at the Investor Summit on Climate Risk

Unions Partner with Entrepreneurs for a Just Energy Transition

“There are no jobs on a dead planet,” said Sharan Burrow, general secretary of the International Trade Union Confederation. Burrow is vice-chair of The B Team, a coalition of business and civil society leaders that was founded by Richard Branson and Jochen Zeitz. In an attempt to address the dual dangers of economic injustice and environmental disaster that Burrow’s remark references, The B Team launched the Pledge for a Just Transition to Decent Jobs in August 2018.

Can Results-Based Climate Finance Prevent Adversity?

It’s urgent to fund climate solutions in developing nations. The risk of climate-related adversities particularly affects the poor, who already suffer disproportionately from these impacts. Direct government funding is scarce in the least-developed countries. Hence, climate change investment needs are significant. One way to address this gap and also reduce investment risks is to use results-based climate finance.

How Clean Energy Companies Can Help Migrants and Refugees

When refugees and migrants escape adverse circumstances in search of better lives, the organizations that assist them tend to not prioritize sustainable energy development as a tactic. But if these relief providers follow the recommendations of two reports published by the EU Energy Initiative Partnership Dialogue Facility and Moving Energy Initiative, they will start doing so.

Solar Energy Catalyzes Women’s Entrepreneurship in Nepal

Combining renewable energy with female empowerment, Empower Generation is an organization introducing solar energy and unique business practices to the Terai region in Nepal. By training women in rural communities to start, manage and expand their own businesses, Empower Generation uses entrepreneurship as a tool for social, economic and technological change.

Private Capital for Resilience Financing Has Arrived

Momentum is building in the private sector for climate resilience financing. This necessary acceleration could help to avert the worst consequences of climate change. Financiers and others weighed in about their priorities and goals at COP23 in Germany on Nov. 13 in the Bonn Zone. They shared their thoughts and successes from developing pathways for resilience financing.
Purple flower

Climate Finance Is Failing to Reach a Local Level, Study Finds

As world leaders met in Bonn, Germany in November for COP23, the challenge of climate finance projects in developing countries took center stage. A second challenge receives less attention: fewer than 10 percent of development finance from international climate funds reaches the local level. This finding is presented in a paper called “Delivering Real Change: Getting International Climate Finance to the Local Level.” It was published by the International Institute for Environment and Development (IIED), a London-based policy-research group.
Coral at the Monterey Aquarium

Global Frameworks for Financing Sustainable Infrastructure

As decision makers gathered at COP23 this November in Bonn, Germany, they considered strategies that could empower them to reach the United Nations Sustainable Development Goals (SDGs). Financing sustainable infrastructure is one of the keys to putting these goals in motion. According to Laura Canas da Costa, senior advisor in sustainable infrastructure financing at WWF Switzerland, developing nations will be building extensive amounts of infrastructure as they pursue the SDGs. Traditionally, up to 70 percent of infrastructure financing comes from the public sector.

Risky Business Environments May Hold Back Climate Goals

Many promises were made at the Paris climate conference. But a January report from McKinsey & Company, “Financing Change: How to Mobilize Private Sector Financing for Sustainable Infrastructure,” shows countries without business-enabling environments may see their clean energy goals stall or be delayed. This could potentially compromise many national efforts.

Global Environment Facility Spurs Investment in Clean Energy

As the biggest public funder of projects related to climate change, the Global Environment Facility (GEF) has played a crucial role in removing market barriers to investment in clean energy worldwide. Policy de-risking, investment aggregation mechanisms, and capacity building for banks and governments are key areas where the GEF has worked to increase the flow of financing.