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The UK government’s Department for Works and Pensions (DWP) announced today the launch of “Green Nudge”, a new three-week trial aimed at encouraging pension savers to make greeninvestment choices and increase engagement on the sustainability of pension investments.
Countries around the world need to urgently scale up deployment of wind power in order to address the climate emergency, insists the Global Wind Coalition for COP26, which officially launches today (15 June) on Global Wind Day. We need them to get serious about wind”, commented Rebecca Williams, Director of COP26 at GWEC. Are You In?
Government responses could accelerate or delay the global transition to netzero emissions, according to Joe Noss, Senior Director at the WTW Climate and Resilience Hub. Do they take the blue pill – that is, increase investment in fossil fuels, quickly bringing online brown sources of energy that increase short-term energy security?
Claire Mack, Chief Executive of Scottish Renewables, said: “I am absolutely delighted that we will be celebrating Scotland’s renewable energy industry in-person at this year’s Scottish Green Energy Awards. “In Outstanding Service Award (sponsored by GreenInvestment Group).
The Scottish Green Energy Awards returned to Edinburgh where more than 1,000 people saw winners in 13 categories receive trophies recognising their work in the clean energy sector, which supports 22,660 jobs. Outstanding Service Award, sponsored by GreenInvestment Group: Blargoans Ltd.
There remains, however, much uncertainty about the new administration’s plans to bolster greeninvestment flows and support the development of low-carbon power sources and energy efficiency initiatives. Structural reforms to energy market. Greater dependence on fossil fuels makes no sense from an economic or climate perspective.
Disorderly transition and portfolio risks loom large. 2025 will cause a fundamental re-appraisal For investors with 2030 and netzero commitments, the Stocktake / Ratchet cycle will show that success from significant company and policy engagement since 2015 has been difficult to spot. None of this will be fun.
According to the International Energy Agency (IEA), US$4 trillion needs to be invested in renewable energy globally every year by 2030 to achieve netzero by 2050. At least US$1 trillion of this needs to be annually invested in EMDEs. The finance sector .
Levick also noted that the taxonomy could be employed via initiatives such as a netzero test, which the UK might apply to all its public investment decisions, utilising the taxonomy to evaluate whether investments align with the its definition of ‘green’.
The aims of the UN’s Climate Action Pathway for Finance , published in advance of COP26 last year, are nothing if not ambitious. At COP26, the UK government committed to working towards mandatory TCFD-aligned disclosure obligations across the UK economy by 2025. In part, this shift has been driven by the regulators.
She described the UK National Infrastructure Bank as “a really good initiative” in this respect, and said this kind of investment could pave the way, providing the proof of concept that would later secure the participation of private investors. Manufacturers are facing the twin challenges of netzero and digitisation.
With COP26 in front of us , governments must raise their ambition to reach netzero. The only path forward is to increase investments in a just and inclusive transition, reaping the full socioeconomic benefits along the way.”. Subscribe to Renewable Energy World’s free, weekly newsletter for more stories like this.
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