Topic: International Markets

International Markets Articles

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.

OPEC Nation Commits to Renewable Energy, But Investors Are Wary

Angola, one of Africa’s oil-producing OPEC countries, has recently announced an ambitious plan to add 800 MW of renewable energy capacity by 2025. In contrast to its carbon-intensive petroleum exports, the country’s energy mix is fairly clean, with over 70 percent of electricity production coming from hydropower. The government plans to maintain a clean energy mix – 66 percent from hydropower and an additional 8 percent from renewable energy – while doubling access to electricity within the next decade.

Global Innovation Lab for Climate Finance Incubates Programs

2016 is a hot year for climate finance. Global Innovation Lab for Climate Finance is seeking to speed up innovation to solve these global challenges. It is engineering new solutions and supporting the development of new finance instruments that unlock private investment for climate-resilient and low-carbon growth in developing countries.