At the 29th Conference of Parties (COP29) in Baku, dubbed the “climate finance COP”, representatives of different countries should deliver key decisions to design policies and regulations and offer institutional support that encourages banks to lend more to the renewable energy sector, a new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA) states.
The note analyses global renewable energy investment trends and projected gaps to meet the goal of
The OECD's latest report, Global Monitoring of Policies for Decarbonising Buildings, emphasizes the pressing need to address building emissions to tackle climate protection issues. Buildings account for close to 70% of CO₂ emissions in major cities. Therefore, decarbonization requires governments to focus on "low-hanging fruit" strategies to get impactful results at environmentally feasible timescales. Experts warn that focusing on high-cost technologies and neglecting existing digital
The European Investment Bank (EIB) and Elia Transmission Belgium (ETB) have signed a €650 million green credit facility agreement, further broadening ETB’s financing portfolio and advancing Europe’s transition from fossil fuels to green energy. The proceeds are earmarked for the realisation of the first phase of the Princess Elisabeth Island project. The Belgian energy island is crucial for the Belgian and European energy transition, helping to bring large amounts of wind energy from the North
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