Remove Africa Remove Clean Remove Cleaner Remove Financing
article thumbnail

BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

Green Car Congress

New investment in wind, solar, and other clean energy projects in developing nations dropped sharply in 2018, largely due to a slowdown in China. The findings suggest that developing nations are moving toward cleaner power but not nearly fast enough to limit global CO 2 emissions. The decline was not confined to China, however.

Coal 243
article thumbnail

Group of 285 global investors with more than $20T in assets under management calls for urgent action on investment-grade climate change and energy policies; guidelines for governments

Green Car Congress

Saying that “ investment-grade climate change and clean energy policy is required to shift private sector investment from high-carbon to low-carbon assets ”, a group of 285 investors has urged governments and international policy makers to take new and meaningful steps in the fight against climate change.

article thumbnail

UNEP and partners launch Global Initiative for Resource-Efficient Cities; role of public transport

Green Car Congress

This second wave of urbanisation is projected to see more than 3 billion additional people living in cities in a time-span of just 80 years, primarily in Africa and Asia. Finance: Tax incentives and subsidies can be used to stimulate the up-take of green technologies.

article thumbnail

Perspective: The UN Approval Process for Carbon Offsets

Green Car Congress

The other goal, of course, is the system’s ultimate purpose: to reduce greenhouse-gas emissions by channeling funds into cleaner technologies. United Nations Clean Development Mechanism. In this way, more than 300 million credits—each representing the equivalent of one metric ton of carbon dioxide—have been generated.

Carbon 255
article thumbnail

IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

Green Car Congress

Reliance grows on a small number of producers: the increase in output from Middle East and North Africa (MENA) is over 90% of the required growth in world oil output to 2035. Key challenges for Russia are to finance a new generation of higher-cost oil and gas fields and to improve its energy efficiency. World Energy Outlook.

Oil 247
article thumbnail

Perspective: Why Carbon Emissions Should Not Have Been the Focus of the UN Climate Change Summit and Why the 15th Conference of the Parties Should Have Focused on Technology Transfer

Green Car Congress

This article discusses: (a) why the focus should have been on the transfer of proven renewable energy technology from developed to developing countries; and (b) how this technology transfer can be financed with currently available funds. But starting to raise immediate finance is more important than determining its exact future size.

article thumbnail

Perspective: Regional Greenhouse Gas Cap-and-Trade Programs May be the Solution

Green Car Congress

I will continue to work with Senators Kerry and Lieberman to produce a new bill that has a new focus that will lead to energy independence, create the jobs that we will need to become a vibrant, viable economy in the 21st century, and a green economy and clean up the air. ”. Overview of RGGI. Gases: CO 2 emissions. WCI covers seven U.S.

Gas 244