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Next summer's Olympic Games are at risk due to heatwaves and there’s one story Japan likely doesn’t want out there: the fact that it’s currently one of the world’s biggest supporters of coal.
The third and final installment in a series of blogs on the IEA's Special Report on gas and energy transitions. This blog discusses the IEA's analysis of methane leakage and its faith in carbon capture and storage.
The second in a series of blogs on the IEA's 2019 report on the role of gas in energy transitions. This part explores the climate risks inherent in the report's main policy prescription.
BlackRock is the world’s largest fund manager, which has nearly US$6.5 trillion of assets under management. BlackRock may be wealthy, but that does not make it wise.
REPORTS & BRIEFINGS
G20 governments continue to provide billions of dollars for the production and consumption of fossil fuels. This report finds that they provide at least USD $63.9 billion per year in government support to the production and consumption of coal alone, with almost three-quarters of the support identified being directed to coal-fired power production.
Over the past decade, nearly 90% of the U.S. Export-Import Bank's total finance for energy projects has flowed to projects in oil, gas, and coal. As momentum grows for climate solutions in the U.S. and abroad, there is an urgent need for a ban on fossil fuel financing at ExIm.
There is no room for further financing of fossil gas or any other fossil fuel projects by the EIB. This briefing calls for the new Energy Lending Policy to reflect this reality. The EIB cannot claim to uphold its commitment to align its finance with the Paris Agreement if it continues to finance fossil gas projects.
To help inform the alignment of the MDBs with the Paris Agreement, this briefing explores the use of shadow carbon pricing by MDBs and considers some best practices and limitations in the application of shadow carbon prices.