Category: Finance

From Zero To 50: Global Finance is Fleeing Oil and Gas

IEEFA has tracked 50 significant global financial institutions to date that have announced oil and gas investment restrictions, specifically on oil sands exploration and/or Arctic drilling. While 39 have declared a formal policy against oil sands and 37 on Arctic drilling, 26 financial institutions have restricted both. Most are an extension of existing policies restricting thermal coal power and coal mining lending.

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Green Finance Strategies for Post COVID-10 Economic Recovery in Southeast Asia

Southeast Asia requires an estimated $3.1 trillion or $210 billion annually from 2016 to 2030 for climate change-adjusted infrastructure investments. However, with a financing gap estimated at $102 billion per year for selected Southeast Asian countries from 2016 to 2020, the need for private sector financing to fill the gap was already critical even before the pandemic.

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Innovative green financing for energy access: Insights from Kenya

With energy having been identified as an enabler of the socio-economic pillar of Kenya’s Vision 2030, the country has set an ambitious target of achieving 100% renewable energy by 2030 and seeks to deliver universal access to electricity for households and businesses by 2022. To achieve these targets, investment of $2.75 billion is required, with an additional $58 million every year after 2022.

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Domestic bank credit to remain a critical source of climate finance for emerging markets

With economies across the world trying to recover from the impact of the Covid-19 crisis, there is ample opportunity to make this a “green recovery” with upfront investments in sustainable infrastructure and renewable energy sources. Thus, there is expectation of significant private participation being channeled in these green investments in the medium to long term.

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Four tools for increasing sustainable energy financing

In developing countries, governments may not have the financial means for generous stimulus packages, or may even turn to supporting fossil fuel infrastructure. For 2020, the IEA expects the largest drop in global energy investment in history, a fall of 20% compared with last year.

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Global Trends in Renewable Energy Investment 2020

Renewable energy capacity, excluding large hydro, grew by a record 184 GW in 2019. This was 20 GW, or 12 per cent, more than new capacity added in 2018. Yet the 2019 dollar investment was only 1 per cent higher, at $282.2 billion. Nations and corporations have made clean energy commitments over the next decade. Analyzing them, UNEP’s report finds commitments for 826 GW of new non-hydro renewable power capacity by 2030, at a likely cost of around $1 trillion.

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Green Banking in China – Emerging Trends

Although the impact of green banking has been relatively small to date, there is significant potential to scale, which would have major impacts on the availability of financing for sustainable infrastructure around the world.

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Will China Finally Block “Clean Coal” from Green Bonds Market?

Chinese regulators recently proposed eliminating so-called “clean coal” from the list of projects that can raise funds using green bonds. While this may not sound like a big deal, if it goes through, it could be the start of a much-needed transformation in China’s green finance market – and a move away from coal power.

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