What are the latest megatrends in the energy industry? On Oct. 8, over 300 industrial leaders, private equity investors, utility professionals, academics and students gathered at the 13th HBS Energy Symposium hosted by the Harvard Business School to discuss emerging questions.
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.
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.
The landscape of renewable-energy investment in Europe and the UK is in transition, driven by changes in programs and incentives. Current European Union targets require member countries to produce 20 percent of its energy from renewable sources by 2020. According to the European Commission, the bloc was on track to meet those targets as of June 2015.
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.
What are the driving factors for banks to sign onto a voluntary statement on integrating climate mitigation into their workflow? Is this a competitive strategy or just a survival action? How vital is climate change in changing the banks’ investment decisions?
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.
Auctions are a rising instrument for deploying climate finance across various sectors, panelists concluded at the Carbon Expo in Cologne, Germany on May 25-27. Using market forces to harness competition, auctions can drive down energy prices and achieve cost-effective emissions reductions.
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.
The need to mobilize capital for green causes and adaptation initiatives to follow up on the Paris climate conference is raising many questions about the verification and assurance of what qualifies as “green” and how the proceeds of these bonds are allocated.
Greentech Media’s first international Solar Summit, held on Jan. 27-28 in Mexico City, left more questions than answers about the future of solar in Mexico. Speakers said that the solar markets are in flux at all levels of development. The country is far from reaching a steady state. Developers who are willing to take risks could enjoy huge payoffs but must first face significant regulatory uncertainty.
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.
In regions of the developing world where electrical grids are weak or nonexistent, people often rely on kerosene. In a webinar on Sept. 16, staff from four pay-as-you-go solar companies described how they are building rural sales networks in Africa and India to replace kerosene lighting.
The CEO of green utility Good Energy has called UK government cuts to renewable-energy subsidies "a hatchet job" enacted without appreciation for the positive impact renewables were having on wholesale energy prices...
Eden Full Goh discovered the potential of solar power when she was just 10 years old. She had come across a book in the library that taught her how to build a small solar-powered car. Once she took the book home and built it, she was hooked. She wanted to see what else she could do with this...