Countries party to the Energy Charter Treaty are under yet more pressure to reform the agreement following the Cop26 climate summit, with Denmark and New Zealand admitting the threat of investor-state lawsuits has hindered their climate policy ambitions.
SDG 7: Affordable and Clean Energy
Bankers say clean energy needs more policy stability to secure funding in the face of rising market risks, as more investors cut exposure to fossil fuels – in some cases entirely.
Billions of dollars are pouring into the clean energy that is seen as crucial for the transition to net-zero emissions. But the financial sector is not taking sufficient account of what happens to such assets when they reach the end of their life. It may soon have to.
Rich countries are not honouring their annual $100bn climate finance pledge to poorer ones, yet they still spend heavily on environmentally harmful fossil fuel subsidies. Can this imbalance be addressed?
Banks say they can help build scale in voluntary carbon markets, by providing services from market-making to deal origination and stewardship. But some say it is too early for such intervention, arguing that profits still need to go into developing technologies.
Singapore's Nanyang Technological University has sold a bond that is only the second of its kind globally. If it misses its targets, the step-up money will go into climate research or carbon offsets, not to investors. Capital Monitor gets the skinny from NTU finance chief Ong Eng Hock.
Despite positive noises at Cop26, analysis conducted by Capital Monitor of lenders’ fossil fuel policies underlines why critics remain sceptical of the Net-Zero Banking Alliance’s ability to get signatories to align with International Energy Agency recommendations.
Decades-old rules reinforce the status quo on trade and keep the odds stacked against renewable energy – and there appears little interest in changing them. Key bodies like the World Trade Organization need to act fast, say experts.
The Nordic country is a pioneer in carbon taxation and a leader in green bond issuance. Åsa Lindhagen speaks to Capital Monitor about the country's green policies and fostering sustainable development.
Teess – a joint venture between France’s TotalEnergies and Chinese renewables company Envision – will execute the first green-funded project in China’s solar industry as it bets on the country’s energy transition. Capital Monitor takes an in-depth look at the deal.
Climate disclosure does not change corporate behaviour fast enough and time is running out, executives from Invesco and two influential investment associations said at a Capital Monitor event. They argued that a carbon tax is needed to prompt a fundamental market shift.