Tag: energy strategy

As the AIIB reviews its energy strategy, will it finally go fossil free?

At the Asian Infrastructure Investment Bank’s (AIIB’s) annual meeting last October, President Jin Liqun made a bold statement: the AIIB would align its operations with the goals of the Paris Agreement by 1 July 2023. This commitment followed one the bank made earlier in the year for 50% of its yearly approved financing to be for climate finance by 2025. The AIIB also launched itself as a “green” multilateral development bank (MDB) in early 2016, though has not defined what this means.

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Washington Can’t Wait to Electrify

In the midst of 2020 election limbo, the Washington State Department of Commerce quietly released a draft of its Washington State 2021 Energy Strategy. And it’s clear that Washington is not on track to reach its 2030 commitment target or its deeper decarbonization emissions target of being carbon neutral by 2050 unless buildings are rapidly electrified.

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