Central Europe / bneGREEN

bneGREEN: Energy efficiency investment turns the corner in 2022, but more is needed

Richard Lockhart in Edinburgh December 2, 2022

Global investment in energy efficiency could rise by 16% to $560bn in 2022, the International Energy Agency said, as governments and consumers respond to fuel supply disruptions and record-high energy prices.

bneGREEN: EU energy ministers agree to speed up permitting and deployment of renewables temporarily

Roberta Harrington in London November 29, 2022

A final decision – formal approval – on the new regulation may occur at another emergency meeting on December 13.

bneGREEN: ING: Euro sustainable bond supply set to stagnate in 2023

Nadège Tillier is Head of Corporates Sector Strategy at ING, Maureen Schuller is head of financials sector strategy at ING, Benjamin Schroeder is a Senior Rates Strategist at ING November 23, 2022

Euro sustainable bond issuance in 2023 is not likely to repeat the growth rates seen in the last few years. While governments and agencies could slightly accelerate ESG issuance in 2023, financial institutions' ESG bond supply will lose some steam.

bneGREEN: Climate paralysis at COP27 as no progress made on 1.5 degrees

Richard Lockhart in Edinburgh November 21, 2022

COP finished two days late on November 20 without any new agreements on climate change targets or emissions reductions, although a deal was hammered out to set up an as yet uncosted loss and damage fund.

bneGREEN: COP27: Coal proves a stubborn foe in fight to save climate

Richard Lockhart in Edinburgh November 20, 2022

Reducing coal consumption is the central challenge to achieving the world’s climate targets, Fatih Birol, executive director of the International Energy Agency, told COP27.

bneGREEN: COP27 warns business cannot be trusted to police greenwashing

Richard Lockhart in Edinburgh November 18, 2022

The UN has identified greenwashing by business and finance as the biggest danger facing the race to net zero, urging them to avoid a toxic cover-up and to ensure that any climate pledges they keep are in line with the 1.5-degree targets.

bneGREEN: Uberwealthy are the worst climate criminals

Richard Lockhart in Edinburgh November 12, 2022

The investments of the world’s 125 wealthiest people produce the same amount of CO2 as the whole of France, while each of them emits a million times more greenhouse gases than the average person.

bneGREEN: REPowerEU rules still leave loopholes for gas investment

Richard Lockhart in Edinburgh November 11, 2022

The European Parliament has approved temporary emergency regulations to accelerate the deployment of renewable energy across the EU, but gas investment is still allowed

bneGREEN: Gas has potential to derail COP27’s green ambitions

Richard Lockhart in Edinburgh November 11, 2022

Emissions from future LNG projects and could use up 10% of the remaining global carbon budget for 1.5˚C warming by 2050.

Slovenia to quit Energy Charter Treaty as it pursues green transition

bne IntelliNews November 10, 2022

Ljubljana says "outdated" treaty impedes its climate goals as it follows several fellow EU members in announcing decision to quit.

bneGREEN: No fairness but some hope at COP27

Richard Lockhart in Edinburgh November 5, 2022

COP26 has not delivered so far on the promises made in Glasgow in November 2021, with companies failing to move towards zero emissions pledges and the world as a whole not meeting the targets and aspirations laid down.

bneGREEN: Vestas reins in outlook as inflation and the energy crisis continue

by Roberta Harrington in London November 2, 2022

Wind giant Vestas has reduced its financial expectations for the year because of pressures from inflation and the energy crisis that followed Russia’s invasion of Ukraine.

bneGREEN: Climate window set to slam shut, warns Guterres

Richard Lockhart in Edinburgh October 28, 2022

The world is heading for a 2.8°C rise in global warming by 2100 unless governments urgently improve their emissions targets, the UN warned, otherwise the window of opportunity to take the required climate action will slam shut.

bneGREEN: Ukraine war boosts green hydrogen to the tune of $73bn

Richard Lockhart in Edinburgh October 28, 2022

The war in Ukraine has prompted new investment in green hydrogen to reach over $73bn as costs fall, making fossil fuel-produced hydrogen uneconomic as gas prices soar.

bneGREEN: Carbon emissions to peak in “historic turning point” IEA says

Ben Aris in Berlin October 28, 2022

Global carbon emissions will peak in 2025 as the world reaches a “historic turning point” and governments pour investment into renewables to counteract the energy crisis that has gripped the world this year.

bneGREEN: Flattening the emissions curve: too slow, too late, say UN climate scientists

Richard Lockhart in Edinburgh October 27, 2022

The combined climate pledges of 193 governments would limit global warming to 2.5°C by 2100, way above the Paris Agreement goals of 1.5°C.

bneGREEN Siemens Gamesa calls for quotas on EU-made wind turbines

by Roberta Harrington in London October 19, 2022

Siemens Gamesa, the leading wind-turbine manufacturer, has called for a quota system on the amount of EU-produced turbines installed in the trade bloc, reports the Financial Times.

bneGREEN: “Overriding public interest” essential to renewables in the EU: WindEurope

by Roberta Harrington in London October 19, 2022

The EU wants a massive expansion in renewable energy. It wants wind energy to grow from 190 GW today to 510 GW by 2030. But Europe is not building enough wind farms to reach this target, says WindEurope.

bneGREEN: Clearer ESG rules needed in booming green bond market

Richard Lockhart in Edinburgh October 13, 2022

The global green bond market was worth $552bn in 2021, accounting for 53% of all green, social and sustainability issuances, according to a recent report from Fitch.

bneGREEN: Green investment must triple to save climate

by Roberta Harrington in London October 12, 2022

Investments in renewable energy need to triple by 2050 to put the world on a net-zero trajectory by mid-century, according to a new report by the World Meteorological Organisation (WMO), part of the United Nations.

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