Examples of growing climate action: Finance
Read inspiring stories that show that action is happening to generate climate-friendly finance
- (Posted 26 November) Uzbekistan is one of the most carbon intensive countries in the world, with nearly 90% of power generated from fossil fuel-based plants. The Asian Development Bank is supporting the construction of the country's first solar power plant, which will dramatically cut greenhouse gas emissions. buzz.mw/b5jya_n
- (Posted 23 October) Costa Rica has opened its environmental bank BANCO2, a milestone towards the country's target of full carbon neutrality in 2021 bit.ly/16VLRbY
- (Posted 18 October) Good news from Sweden and a potential game-changer! The $38-billion Fourth Swedish National Pension Fund, AP4, has decided to start investing in low-carbon assets. Currently the Fund had large holdings in carbon intensive companies, but this is set to change - not least because low-carbon is simply more profitable. bit.ly/1crOkvo
- (Posted 2 October) The International Monetary Fund recently offered to “shine a light on the murky cobweb of energy subsidies” in order to accelerate the transition to a green economy. Read the full speech by Christine Lagarde here: tiny.cc/a4o93w
- (Posted 2 October) The City of Palo Alto, California is walking (or rather driving) the clean energy talk. The city is showing climate leadership at a municipal level by obliging all new homes to install charging stations for electric cars. The financial burden is small, and comes at a fraction of the cost of retrofitting an older home. bit.ly/1btmhLI
- (Posted 1 October) Zambia will be the recipient of US$38 million from the Climate Investment Funds' Pilot Programme for Climate Resilience. This crucial climate finance can make 800,000 rural communities in Zambia more climate resilient bit.ly/1blG4jF
- (Posted 25 September) Former Mexican President Felipe Calderón is leading a review of the economic costs and benefits of tackling climate change. The study, sponsored by seven countries, can add impetus to the 2015 universal climate agreement and will be presented to policy makers next September bloom.bg/1gUWuN9
- (Posted 25 September) Malaysia has launched a $100 million clean energy venture capital fund, signalling a boost for renewable energy in southeast Asia. Malaysia aims to reduce its carbon emissions by 40% by 2020 from 2005 levels and increase its renewable energy capacity to 4,000 megawatts by 2030. reut.rs/18lavST.
- (Posted 4 September) Inspired by seeing first-hand the impacts of climate change, a US-entrepreneur was moved to real climate action and has built an online solar investment platform that enables ordinary citizens to finance clean energy development nyti.ms/1378aZP
- (Posted 28 August) China announces plans to make green industries central to the economy by 2015. Under the plan, environmental protection industries will receive funding from the government in an effort to stimulate technological innovation. The funding will cover a wide range of technologies that address air, water and soil pollution including energy saving products, waste disposal, electric vehicles and pollution monitoring. tiny.cc/u5pw1w
- (Posted 12 August) According to a new report by the European Capacity Building Initiative, the urban and rural poor in developing countries will play a crucial role in the successful transformation towards a low carbon and climate resilient world.. Read more about how crowdfunding can make a difference: bit.ly/171fjKt
- (Posted 5 August) Investor awareness about the need to respond to climate change is growing around the world. A new report commissioned by the Institutional Investors Group on Climate Change finds fund managers in charge of investments worth a staggering $14 trillion are taking climate change into account when making decisions and nearly 100% of those surveyed perform climate risk analysis in their equity portfolio. bit.ly/13zDRvl
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