The International Energy Agency (IEA) published its new “Energy Access Outlook: From Poverty to Prosperity” report, where it expanded its country-by-country electricity and clean cooking access database, and assessed the status for all developing countries, reviewing recent trends and policy efforts up to 2016.
In its new report on green finance, the UN Environment Programme (UNEP) has noted that the G20 and other countries have taken huge strides over the last year towards mobilizing public resources and private capital needed to make sustainable development and climate action a reality.
Investment is the lifeblood of the global energy system. Individual decisions about how to direct capital to various energy projects – related to the collection, conversion, transport and consumption of energy resources – combine to shape global patterns of energy use and related emissions for decades to come. Government energy and climate policies seek to influence the scale and nature of investments across the economy, and long-term climate goals depend on their success. Understanding the energy investment landscape today and how it can evolve to meet decarbonisation goals are central elements of the energy transition. Around two-thirds of global greenhouse gas (GHG) emissions stem from energy production and use, which puts the energy sector at the core of efforts to combat climate change.
This report was drafted by a working group of United Nations entities, the World Bank, and other stakeholders to suggest a common understanding of the blue economy; to highlight the importance of such an approach, particularly for small island developing states and coastal least developed countries; to identify some of the key challenges its adoption poses; and to suggest some broad next steps that are called for in order to ensure its implementation.
2015 witnessed an historic global step forward in taking action on climate change. In Paris, world leaders reached an agreement at the 21st Conference of the Parties (COP 21) to the United Nations Framework Convention on Climate Change (UNFCCC) to keep the global average temperature increase to well below 2°C and pursue efforts to hold the increase to 1.5°C. The Paris Agreement encouraged all countries, for the first time, to make individual, voluntary commitments to contribute to this global goal, marking the beginning of a new era in the cooperative effort to limit climate change.
This report evaluates and benchmarks the quality and comprehensiveness of climate risk disclosures by insurance companies in response to the National Association of Insurance Commissioners (NAIC) Climate Risk Disclosure Survey. In 2014, insurance regulators in six states—California, Connecticut, Minnesota, New Mexico, New York and Washington— required insurers writing in excess of $100 million in premiums to fill out the survey. This report analyzes responses by 148 insurance companies, collectively representing about 71 percent of the U.S. insurance market in terms of 2014 direct premiums written. A total of 375 insurance companies submitted Climate Risk Disclosure Surveys.
This includes assurance that companies are lowering their risk exposure to policies that place a price on carbon and reallocating capital to deliver higher returns in a low-carbon economy. This report provides investors, companies and governments with an overview of how companies are responding to carbon pricing signals within the global economy
In January 2016, the Principles for Responsible Investment (PRI), the United Nations Environment Programme Finance Initiative (UNEP FI) and The Generation Foundation launched a three-year project to clarify investors’ obligations and duties in relation to the incorporation of environmental, social and governance (ESG) issues in investment practice and decision-making. This follows the publication in September 2015 of Fiduciary Duty in the 21st Century by the PRI, UNEP FI, the UNEP Inquiry and the UN Global Compact.
This report was written under the umbrella of Project MainStream, a multi-industry, global initiative launched in 2014 by the World Economic Forum and the Ellen MacArthur Foundation, with McKinsey & Company as knowledge partner. MainStream is led by the chief executive officers of nine global companies: Averda, BT, Desso BV (a Tarkett company), Royal DSM, Ecolab, Indorama, Philips, SUEZ and Veolia.
The Dominican Republic has set ambitious targets to reduce its per capita greenhouse gas (GHG) emissions. Another objective is to reduce import dependency and the local and global impacts of fossil fuel combustion on the environment, including those associated
with climate change. The target is to reduce GHG emissions by 25% by 2030 compared to 2010.
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