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Financing the Global Energy Transformation: Green Bonds
Despite the positive renewable energy investment trends over the past decade, annual investments in renewable energy power alone need to double until 2050 to meet climate goals. To allocate enough capital to drive the world’s transition to a low-carbon economy,…
GGF and National Bank of Egypt to Advance Climate Finance With USD 10 Million
The Green for Growth Fund (GGF), an impact investment fund advised by Finance in Motion, has loaned USD 10 million to the National Bank of Egypt (NBE) to support measures that reduce energy consumption, prevent CO2 emissions, and improve resource…
EBRD and Donors Boost Green Financing in the Region
The Western Balkans is a key region for, and partner in, the EBRD’s green work. South-eastern Europe has huge potential for developing green energy, with its rivers providing hydroelectric power, its mountains and plains enabling wind power, its underdeveloped solarenergy,…
This Is the Carbon Footprint of Your Internet Activity
Data centres processing and storing the world’s data already use around 1% of the electricity we generate, according to the IEA. Computing is expected to account for up to 8% of global power demand by 2030. The emissions associated with…
North Macedonia Becomes First Contracting Party to Start Converting Coal Mines to Solar Fields
As part of its efforts to boost renewables and fight air pollution, North Macedonia has initiated the realization of its plans to build solar PV plants on top of a coal mine site in Oslomej, Kicevo. On 11 February 2020,…
Global Energy-Related CO2 Emissions Flattened in 2019, Following Two Years of Increases
Global emission trends Global energy-related CO2 emissions flattened in 2019 at around 33 gigatonnes (Gt), following two years of increases. This resulted mainly from a sharp decline in CO2 emissions from the power sector in advanced economies (Australia, Canada, Chile,…
How Small States Can Benefit From Innovation
Small states are often disadvantaged by their size, remoteness, and lack of resources. But bring smart city innovation into the equation, and these qualities could become strengths. Small states such as Singapore, El Salvador, Micronesia, and the Maldives form a…