Green Banks Leverage Private Investments for Climate Finance

In addition to creating new jobs and improving the environment Green Banks are essential to ramping-up clean energy finance. Such banks are capable of helping to unleash the vast potential of climate focused investing. Green Banks reduce the cost of clean energy and efficiency. They are helping to change market thinking by taking a holistic, long-term view of industry support.

A Green Bank is a government-created institution that facilitates private sector financing for clean technology projects. Different Green Banks have different programs, however, they all leverage public funds to attract private investment.

The End of Fossil Fuel Subsidies

Providing handouts to the wealthiest corporations on earth does not make much sense, particularly when their activities are the leading driver of climate change. Ending fossil fuel subsidies is the most obvious next step in our efforts to tackle the climate crisis. In the wake of the Paris Climate Agreement forged at COP21, continuing fossil fuel subsidies is an oxymoron.

These subsidies take many forms including, tax breaks, cheap loans, price controls, purchase requirements, purchasing equipment, royalty breaks and direct spending. According to some reports there are over 800 ways that taxpayers support the fossil fuel industry.

Green Finance Goes Mainstream in 2016

The world is embracing green finance as never before and all expectations are that this will increase as we move towards a low carbon economy. Financial systems should play an important role in the green economic transition said, Zhou Xiaochuan, the Governor of the People's Bank of China. Zhou was speaking at the Green Finance Symposium which took place on Saturday, April 15th in Washington.
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After years of volatility, green finance is emerging as a central part of our efforts to address climate change and transform our energy infrastructure. Green finance is preoccupied with adapting to the impacts of climate change and/or reducing greenhouse gas emissions. It is the means by which we can stream tremendous amounts of needed capital into emissions free sources of power.

Green Bonds Emerging as a Major Force in Green Finance

The momentum driving green bonds is growing and they have emerged as a major instrument of green finance. Green bonds generate funding for sustainable development and clean energy technology. They attract debt investment capital and drive innovation in renewable energy, sustainable agriculture, forests and other environmental causes. At COP21 green bonds were touted as being one of the vehicles that could help deliver $100 billion annually by 2020 to support of climate action.

IDB to Double Climate Related Projects

In October last year Inter-American Development Bank (IDB) announced that it is going to double its climate related projects by increasing financing by between 25 and 30 percent by 2020. The IDB was established in 1959, it offers long-term financing for economic, social and institutional development in Latin America and the Caribbean.

The Green Climate Fund Comes of Age

The Green Climate Fund (GCF) is a United Nations climate finance mechanism designed to assist the developing world.by mobilizing funding for mitigation and adaptation. The GCF mission is to expand collective human action to respond to climate change. It will do this in large part  through the transfer cutting-edge climate technologies. This includes things like smart-grid technologies, electric vehicles and components used in solar electricity generation.

World Bank to Finance More Renewables in the Developing World

After being called out for hypocrisy, the World Bank is working to redeem itself through massive investments in renewable energy. The International Monetary Fund and the World Bank Group are holding their annual "Spring Meetings events" in Washington, DC, on April 12-17, 2016. It will be attended by thousands of government officials, journalists, civil society organizations, and participants from the academia and private sectors. The meetings will feature seminars, regional briefings, press conferences, and many other events focused on the global economy, international development, and the world's financial markets.

Event - GRI Global Conference 2016

The fifth GRI Global Conference will take place on May 18 - 20, 2016 in Amsterdam, the Netherlands. Up to 1,500 sustainability leaders from around the globe will be present to exchange leading-edge knowledge on best practices, innovations and trends that are empowering sustainable decisions and changing the world. GRI is  the globally accepted standard for enabling business, governments and other organizations to understand and communicate their impacts on critical sustainability issues.

Fossil Fuel Subsidies and Renewable Energy Post COP21 (Infographic)

One of the most important things we can do to curb climate change is to end fossil fuel subsidies.  This would reduce the amount of fossil fuels burned and it would level the playing field for clean renewable sources of energy. Event thought 60 percent of all new investment is going into renewable energy fossil fuels still get the lions share of subsidies. The International Energy Agency (IEA) say that government subsidies for fossil fuels are 12 times greater than those for renewable energy.

Best Practice in Sustainability Reporting and Sustainability Communications

Ethical Corporation has recently published its complimentary Annual Review on CR Reporting and Sustainability Communications. Ethical Corporation helps thousands of businesses all around the globe to be more responsible. They work with NGO's, think-tanks, academia, governments and consultancies. Their work not only benefits the wider world, it also makes good business sense for the organizations that they serve. Their efforts include work in CSR, compliance, risk and governance communities.

New GRI Sustainability Reporting Tools and Resources

The Global Reporting Initiative (GRI) is a leader in sustainability reporting and they continue to provide resources to help companies to track their performance. GRI's latest contribution is another helpful installment in this rapidly growing field. This fast moving and increasingly complex realm has seen the proliferation of a number of tools and resources to help companies rise to the challenge.

Innovative Solar Energy Financing Instruments

Investments in solar energy are booming alongside some innovative financing instruments. As explained by President Obama a bit more than a year ago every four minutes, an American home or business goes solar. There are a host of new financial instruments that serve the green economy and starting in 2013 we began to see some innovative approaches to finance in the solar sector.

New Sustainability Focused Financial Instruments

Investors have a wide assortment of new financially responsible instruments. Sustainability investment options run the gamut from simple things like energy conservation projects to complex multi-stakeholder initiatives that target social and environmental improvements. Responsible investing, impact investing, socially responsible investing covers the full range of asset classes in many sectors. This includes instruments that combat climate change, encourage conservation and support social causes. Some examples include green bonds, climate bonds, yield cos, conservation investment and natural resources

Event - Green Bonds 2015 Conference

The 5th annual Green Bonds conference will take place on June 22 June 2015, at the Hilton Tower Bridge Hotel, 5 More London Place, Tooley Street, London, UK.

This event is presented by Environmental Finance proud supporters of the green bond market since its inception. The conference has long been the home of movers, shakers and vital discussions in this growing market. Indeed, the seed of the Green Bond Principles was sown at our 2013 conference, when two influential bankers began a conversation about how to add some standardisation to the market.

President Obama's Earth Day Address: Action on Climate Change Cannot Wait (Video)

On Earth Day April 22 President Obama visited the Florida Everglades for Earth Day and spoke about the urgent need for action on climate change. The President called on Congress to support the Land and Water Conservation Fund. He spoke about the importance of providing access to nature and announced that he will be providing free access to America's national parks.

Responding to Grist's Anti-Earth Day Rants

Each year Grist likes to condescendingly whine about all the things they hate about Earth Day. This year in an article titled, Why Earth Day Doesn't Matter Anymore, they argue that the day has "lost its relevance." This could not be further from the truth. As we head towards a global climate agreement at the end of the year in Paris popular support for environmental action has never been more important. While Grist does provide a lot of great content, their anti-Earth-Day diatribes create divisions that are harmful to the growth of the environmental movement.

In their own self-righteous style they are speaking to their readership and offering what they deem to be poignant commentary (their audience is largely composed of deep greens who relish showering disdain on those who are not quite as ecologically pure). However, their righteous indignation and highfalutin derision is unproductive.

Earth Day Review of American Environmental Attitudes

A review of polling results reveals the sad truth about US attitudes on climate change. Despite the plethora of science and media coverage American attitudes on climate change are the same today as they were in 1989. Americans claim they want greener products and services and they also claim that they want corporations to be greener, however this is not reflected in their actual buying behavior.

The Importance of Science and Nature on Earth Day

One scientist and sustainability expert suggests we should go outside and play so that we can connect with nature on Earth Day.

Meg Lowman, is the Chief of Science and Sustainability at the California Academy of Sciences. She pioneered the science of canopy ecology which earned her the monikers, “Real-Life Lorax,” "Canopy Meg" and “Einstein of the treetops.” She is also a biologist, educator, and ecologist. Her personal mantra is “no child left indoors.”

Earth Day Activities and Actions in the US and Canada

Earth Day activities include a full slate of sustainability-conscious events and conservation efforts. This includes contests, awards, petitions, marches, parties, lectures, discussion groups, bike rides, tree planting, trash collection, film screenings and art projects.

While Earth Day is officially celebrated on April 22, there have been a number of actions that have taken place in the month of April and throughout the year. As part of an annual program called "One Billion Acts of Green," there have been well over one billion pledges and the goal is two billion.

Earth Day Activities and Actions in the US

In the US there are a range of activities promoted on Earth Day. One of these projects is called the Canopy Project. This initiative work with tree planting organizations around the world to ensure our trees are reaching people who need them most. The Canopy Project is an official partner of the United Nations Environment Programme’s Billion Trees Campaign

Earth Day 2015: The Marriage of Economic Growth and Sustainability

Each year Earth Day celebrated on April 22 and 2015 marks the 45th anniversary of this international environmental protection event. Earth Day is the largest civic observance in the world today. All around our planet a billion people will participate in thousands of events. Almost 2 billion "acts of green" will take place on and around the day to demonstrate support for a healthier environment and a sustainable life. Earth Day was first celebrated in the US in 1970 and now more than 192 countries are involved. The inaugural event saw 20 million Americans showing their support for the environment. The movement contributed to the creation of the US Environmental Protection Agency (EPA) and the passage of the Clean Air, Clean Water, and Endangered Species Acts.