After a meeting last week in Luxembourg, the board of the European Investment Bank (EIB) changed its energy lending policy. The EU’s main lending arm said it would stop financing most coal-fired power stations to help reduce pollution and meet climate targets, and devote 90% of its lending to clean energy. In a press release, … Continue reading New energy policy from European Investment Bank welcomed
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France has a pivotal role to play on 2030 targets
Philippe Martin is an important man. As France’s new environment minister, he occupies a key post in a government that will be pivotal in determining the EU’s post-2020 climate and energy policy. While no official position will be presented before the elections, there are little doubts that Germany will come out in favour a binding … Continue reading France has a pivotal role to play on 2030 targets
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Development banks spend 32 times more on fossil fuels than renewables
On 1 July Croatia became the 28th member of the EU. The country has started investing in wind power – indeed it is the leader of the western Balkan region, with 193.75 MW of wind turbines in operation at the end of 2012. However a new report underlines that international financial institutions must offer more … Continue reading Development banks spend 32 times more on fossil fuels than renewables
Continue readingTell a G8 leader to switch from fossil fuels to renewable energy
The global temperature is rising. Freak weather events are multiplying. Climate change is happening. And yet governments are giving $6 to polluting fossil fuels for every $1 dollar that goes to clean renewables. World leaders must move now to renewable, clean energy sources like wind energy.
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We would be very keen to have 2030 targets
Irish Ambassador to the European Union Tom Hanney is in the throes of a six month stint at the heart of decision making in Brussels, as Ireland currently holds the EU Presidency. The Deputy Permanent Representative says holding the Presidency is “a marathon, from January to June”. We met him to find out about Irish … Continue reading We would be very keen to have 2030 targets
Continue readingThe reason fossil fuel firms are not trying to reduce their carbon emissions could be due to uncertainty on climate and energy policy, suggests the Economist in a recent editorial. The paper cites cuts in renewable energy support schemes as one of the elements influencing investors.
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