Governments have already announced $11.8 trillion in fiscal stimulus in response to the COVID-19 health and economic crisis, more than three times the amount spent in response to the Great Recession of 2008-09. While most of it will prioritize healthcare and direct support to the unemployed, about 30% of stimulus packages are being spent in sectors that impact the environment.
As global temperatures rise and demand for air conditioning and refrigeration soars, all countries must adopt common-sense initiatives to make cooling more efficient, less emissions-intensive, and more affordable for consumers. Without rapid action, runaway climate change will be far harder to prevent.
An investor group managing more than US$16 trillion has launched the world’s first step-by-step plan to help pension funds and others align their portfolios with the United Nations sponsored Paris Agreement on climate change.
China is drafting its next Five Year Plan, and the president of Energy Foundation China wants to see ambitious energy and climate goals
COVID-19 has exposed the fragility and inequities of the old economy. On June 5, the Philippines’ Congress Committee on Climate Change approved House Resolution 761 calling for a climate emergency response, which includes not permitting any new coal plants. Such a measure would support of the Department of Energy’s earlier caution against an overreliance on inflexible technologies such as coal that cause grid instability.
The coronavirus pandemic is a preview of the types of global health threats that will emerge as the planet becomes hotter, and how it is tackled has implications for dealing with climate threats as well, health experts said on Tuesday.
America’s JP Morgan Chase has pumped more than the GDP of Finland into fossil fuels expansion since the Paris climate accord of 2015, while Japan’s and China’s mega banks have also been ‘failing miserably’ in their response to climate change over the last four years, a report from a coalition of NGOs has shown.
Far from tackling climate change, nuclear power is an expensive distraction whose safety is threatened by wildfires and floods, experts say.
This year’s annual UN climate conference, COP25 in Madrid, became the longest on record when it concluded after lunch on Sunday, following more than two weeks of fraught negotiations. It had been scheduled to wrap up on Friday.
Missed opportunities for tough action on the climate emergency mean emissions cuts must be much faster, UN warns.
Emissions from energy, industry, transport, buildings and agriculture in G20 nations all rose in 2018, despite most having both the technical expertise and economic incentives to lower them, a major report has concluded.
Read more: http://www.irena.org/publications/2017/Nov/Turning-to-renewables-Climate-safe-energy-solutions
Read more: http://www.iea.org/bookshop/759-World_Energy_Investment_2017
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Read more: https://www.iea.org/publications/freepublications/publication/EnergyPoliciesBeyondIEACountriesMexico2017.pdf
Read more: https://www.iea.org/publications/freepublications/publication/EnergyPoliciesofIEACountriesNewZealand2017.pdf
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