The World Bank Group announced at the One Planet Summit in New York on Wednesday a commitment of $1 billion for a new global program to accelerate the investment in battery storage for energy systems across developing and middle-income countries in an effort to further ramp-up the use of renewable energy.
The world’s six largest multilateral development banks committed $35.2 billion to climate financing for developing and emerging economies in 2017, a new record seven-year high and up 28% on 2016.
Canada and the World Bank Group announced on Tuesday at the One Planet Summit in Paris that they are teaming up in partnership to support effective climate action in developing countries and small island developing states and spurring the acceleration away from coal-fired electricity toward clean energy.
Climate finance is likely the most important issue the delegates of COP22 are working on. The term refers to the local, national, or transnational loans, grants, and other financing put forward to meet climate change goals. Finance may come from public, private, and/or alternative sources. The table below presents current sources of climate finance data.
Originally published on Ecopreneurist. Decentralized sustainable energy technologies—both at the individual systems level, such as solar home systems, and at the mini-grid level servicing 50 to 100 households—are the cheapest solutions for energy access in an increasing number of locations. That’s the finding of a new report by the International … [continued]
A new study has found that low-carbon sectors are outpacing their less-productive, higher carbon-intensive sectors and the general economy in terms of growth, while increasing jobs and skill levels. Dr Baron Doda from the London School of Economics analyzed 34 developed and developing countries for their carbon intensity, defined in terms … [continued]
Editor’s Note: Below is an article by Hanna Yanchuk on the topic that she presented on during our Berlin Cleantech Revolution Tour conference. You can also view a few highlights from her presentation in the video at the bottom of the article. Our next Cleantech Revolution Tour conference is a compact one tomorrow in Leipzig, … [continued]
A new United Nations Environmental Programme report concludes that the cost of climate change adaptation could rise between $280 and $500 billion by 2050. The second in the United Nations Environmental Programme’s (UNEP) Adaptation Gap reports, the new report assesses the difference between the financial cost of climate change adaptation in developing … [continued]
The World Bank Group has announced this week that it intends to help developing countries add 30 GW of renewable energy by 2020. Announced on Thursday, the World Bank Group has revealed its new Climate Change Action Plan, in which it intends to help developing countries around the world add 30 GW … [continued]
The public and private global financing raised for climate action in developing countries reached $62 billion in 2014, according to the OECD. According to a new study released by the Organisation for Economic Co-operation and Development, and conducted in collaboration with Climate Policy Initiative, public and private finance that was … [continued]
