Topic: International Markets

International Markets Articles

No Resolution in Sight for International Climate Finance

Some of the largest battles at November’s United Nations climate conference, COP22, broke out over climate financing – who pays for it, who gets the money, and who meets the requirements. The stage for the financing challenges was set in 2009 when developed countries agreed to a target of raising $100 billion USD annually by 2020 in the Green Climate Fund (GCF).

Blockchain Technology Could Streamline Distributed Generation

In Australia, Europe, and North America, energy companies are beginning to consider using blockchain technology for distributed generation payments between small solar installations. A blockchain is a shared digital decentralized ledger that records transactions across a peer-to-peer network. Blockchain technology involves strong encryption.

UN Seeks to Integrate Climate into Urban Planning

To support cities in climate sustainability, the Cities and Climate Change Initiative (CCCI) from UN Habitat collaborated with other agencies to develop the report “Guiding Principles for City Climate Action Planning.” The initiative announced these principles at COP21 on Dec. 4, 2015. The report recommends evidence-based cross-sector collaboration at an unprecedented level.

Jump Starting Innovation from Carbon-Pricing Revenues

Leaders from business and government joined the dialogue on carbon pricing revenue at the “Innovating to Meet the Climate Challenge” event in New York City on Sept. 21. Revenues can enhance productivity across the economy by reducing the capital cost of renewable energy, enabling investments in different sectors and addressing corporations’ carbon portfolios, panelists said.

Powering Africa Is the Key to Development

Energy poverty affects more than two thirds of those in sub-Saharan Africa. That is, 600 million that live without access to electricity. In 2013, President Obama launched Power Africa to double access to electricity throughout sub-Saharan Africa. Electrifying the continent will catalyze development progress. Energy access is intertwined with several development goals such as women’s empowerment, climate mitigation, and expanded education.