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The COVID-19 pandemic is a global health crisis that has major implications for world economies, energy use and CO2 emissions. According to the IEA’s World Energy Outlook 2020 report, the immediate effects of the pandemic on the energy system shows expected falls in 2020 of 5% in global energy demand, 7% in energy-related CO2 emissions and 18% in energy investment. Oil consumption is anticipated to decline by 8% and coal use by 7%. However, as with previous crises, the rebound in emissions may be larger than the decline, unless the wave of investments to restart economies is dedicated to cleaner and more resilient energy infrastructure. Decarbonizing energy use in time to avert catastrophic climate change requires increased international cooperation. Recovery measures following COVID-19 pandemic could include flexible power grids, efficiency solutions, electric vehicle charging, energy storage, interconnected hydropower, green hydrogen and other technology investments consistent with long-term energy and climate sustainability.
In line with the Sustainable Development Goals (SDGs), there is a global movement to address these challenges by substantially increasing investment in renewable energy technologies and implementation, doubling the rate of improvement to energy efficiency, and changing user behaviours, with the aim to achieve absolute decoupling between energy consumption and economic growth.
Created a Post in Energy
The new energy giants are renewable companies and overtaking fossil fuels supermajor in market capitalization. Who are they and how have they expanded rapidly?
Created an Event in Energy
Created a Post in Cities and Urban Development, Energy, Sustainable Finance
Camille Andre - check out this new ADB report on green bonds and other finance instruments for climate-resilient infrastructure and investment opportunities that can support the Philippines in achieving a low carbon economy
How the UK climbed back into the top five most attractive renewables markets
The East African Rift: Realising the Region’s Geothermal Potential
The geological attributes of the EARS make it so rich in geothermal energy resources that – if harnessed – could provide a reliable, affordable and indigenous source of renewable energy to help meet the electricity requirements and direct use needs of several countries in the region.
Investment market has flipped, renewable energy used to be the risky and speculative venture but now it's the oil and gas industry that's become volatile.
The EU is being wonderfully ambitious with its intentions to increase the capacity of offshore wind-farms by 25-fold!
Created an Event in Sustainable Finance, Energy
Institutional Capital: Closing the Energy Transformation Investment Gap
“Renewable energy assets provide institutional investors with relatively strong, stable, long-term ‘bond-like’ returns that match such investors’ long-term liabilities, while minimising the risk of stranded assets”
Created an Event in Energy, Climate Change