Carbon Capture, Storage and Utilization

Carbon capture, utilization, and storage (CCUS) technologies are set to play an important role in supporting clean energy transitions in Southeast Asia. Regional cooperation, storage and transport is essential to achieve this task. Click to read more: https://www.iea.org/reports/carbon-capture-utilisation-and-storage-the-opportunity-in-southeast-asia

The importance of jobs in clean energy sector

The transition to clean energy affects all strata of the society, uneven in many cases with impacts on different countries, communities, etc. The rising unemployment and loss of jobs due to the transition is giving policy makers a major headache. Click to read more: https://www.iea.org/commentaries/the-importance-of-focusing-on-jobs-and-fairness-in-clean-energy-transitions

The world’s electricity systems must be ready to counter the growing climate threat

Electricity systems around the globe are are finding it difficult to keep up with the rising demand for power amid severe heat waves and extreme drought like situations. There in an increasing need to invest in better infrastructure to keep up with increased demand from households, factories, offices etc. Click to read more: https://www.iea.org/commentaries/the-world-s-electricity-systems-must-be-ready-to-counter-the-growing-climate-threat

Micheal Bloomberg’s Statement on G20

The G20 placed its support behind the TCFD’s framework for climate related risk disclosures.  It is significant as these countries account for 80% of the world GDP. Click to read more: https://www.mikebloomberg.com/news/statement-of-michael-r-bloomberg-on-the-g20s-support-of-tcfd-framework/

Unlocking the Economic Potential of Rooftop Solar PV in India

Rooftop photovoltaic (RTS) sector plays an important role in meeting India’s renewable energy targets for 2022 and beyond. But the residential, commercial and industrial applications have been slow.  The target set by the Government of India, in 2015, for rooftop solar PV (RTS) is 40 GW. The installed capacity as on 31st December 2020 was […]

Nordic Leaders Declare Support for TCFD Recommendations

The Nordic CEOs for a Sustainable Future released a guide to assist Nordic companies initiate the process of implementing TCFD recommendations. The goal of the joint support for the TCFD, by the Nordic CEOs for Sustainable Future, the Norwegian Finance Ministry and the Oslo Stock Exchange, is to be committed to a resilient financial system […]

Switzerland Promotes Transparency on Climate-Related Financial Risks

On 12th January 2021, Switzerland officially became a supporter of the Task Force on Climate-related Financial Disclosures (TCFD), keeping with the nation’s policy on sustainable finance. This support comes after the meeting on 11th December 2020 in which the Federal Council presented the proposals that would augment Switzerland’s role as a global leader in sustainable financial services. […]

Sustainable Finance: Commission Welcomes Reports on Development of EU Sustainability Reporting Standards

Two reports were published by the European Commission addressing the development of reporting standards for sustainability.  These reports were prepared by a multistakeholder task force from the European Financial Reporting Advisory Group (EFRAG). The first report comprises of a roadmap to comprehensive EU sustainability reporting standards. The second report recommends reforms to the current EFRAG […]

Climate Change Adaption is Key to Avoid Disruption of EU Agricultural Commodities Imports

An EEA study projects the impact on agriculture due to climate change in Europe and the rest of the world. The effects are slated to be felt on cultivation conditions, trade, production, regional markets and prices.  The study utilizes information on global climate change impacts, the EU’s import profile and evidence of products’ vulnerability to […]

Colonial Pipeline Outage in the United States Highlights Risks to Energy Supplies

The Colonial Pipeline system, which supplies nearly half the fuel consumed along the east coast of the United States, fell victim to a ransomware attach, highlighting the need for stronger cyber security measures.  The security breach led to a temporary shutdown, causing gas shortages and price hikes.  The situation illustrates how automizing and digitizing every […]