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Renewables in Focus to Revive Energy Sector as Economies Ease Lockdowns
A sudden slump in energy consumption due to worldwide lockdown caused by the COVID-19 had threatened the energy transition due to a plunge in oil prices. However, as predicted by COE-EDP clean energy and inward-looking policies are the focus of the reviving energy sector across economies in the post-lockdown period.
- Categories
- Coronavirus, Energy
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Viewpoint: Central Banks Must Connect Climate Change and Financial Inclusion
Johanna Nyman is head of Inclusive Green Finance at the Alliance for Financial Inclusion. Eric Zusman is research leader at the Institute for Global Environmental Strategies and researcher at the National Institute for Environmental Studies.
- Categories
- Environment, Finance
- Region
- Asia Pacific
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COVID-19 Has Stalled UN’s Goals to Reduce Global Hunger, Poverty and Climate Change
Crucial global goals to reduce hunger and poverty and curb climate change have gone backwards or stalled, the United Nations Secretary-General warns in a new report, as the Covid-19 outbreak moves from being a health crisis to becoming the “worst human and economic crisis of our lifetimes”.
The number of people suffering hunger has increased, climate change is occurring faster than predicted, and inequality is increasing within and among countries, António Guterres said in his Progress towards the Sustainable Development Goals or SDG 2020 report.- Categories
- Coronavirus, Environment, Finance, Health Care
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Risk vs. Resilience: Insuring Sustainable African Cities in the Age of Climate Change
Though COVID-19 dominates the global conversation, climate change continues to have devastating effects. For instance, there were 53 climate-related disasters in Africa in 2018 alone – and these challenges are likely to get worse as the continent urbanizes. Kate Rinehart-Smit and Mia Thom at Cenfri suggest four interventions that can help insurers protect African cities and infrastructure against climate disasters.
- Categories
- Environment, Finance
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Viewpoint: Downturn Signals Opportunity for Climate-Aligned Investing
Demand for sustainable ETFs has grown since the market downturn. Recent analysis from BlackRock highlights how sustainable ETFs keep attracting assets, in comparison with traditional ETFs, which are experiencing outflows in light of the market selloff. As of March 24, net inflows to sustainable ETFs had reached $14 billion, exceeding half of the 2019 total amount.
- Categories
- Coronavirus, Environment, Investing
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Report: Renewable Energy Can Support Resilient and Equitable Recovery
The Global Renewables Outlook examines building blocks of an energy system along with investment strategies and policy frameworks needed to manage the transition. It explores ways to cut global CO2 emissions by at least 70 per cent by 2050. Furthermore, a new perspective on deeper decarbonisation shows a path towards net-zero and zero emissions. Building on five technology pillars, particularly green hydrogen and extended end-use electrification could help replace fossil-fuels and slash emissions in heavy industry and hard-to-decarbonise sectors.
- Categories
- Energy
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Southeast Asia’s Renewable Energy Transition Likely to Take Hit From COVID-19: Experts
Southeast Asian nations already struggling to meet climate change targets will find those goals further from reach, with the unprecedented health emergency becoming the principal priority and a major economic burden.
- Categories
- Coronavirus, Energy
- Region
- Asia Pacific
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A Best Practice in the Making? How Dominica is Building the World’s First Climate Resilient Nation
In 2017, Hurricane Maria left unprecedented devastation in the Commonwealth of Dominica, with damages and losses amounting to 226% of the Caribbean nation's GDP. But according to Pepukaye Bardouille and Colin Scaife at the Climate Resilience Execution Agency for Dominica, the country has responded with a plan that could serve as an important pilot case for developing resilience in the age of climate change.
- Categories
- Environment