climate-change

Painful truth from Jeffrey Sachs / Mongolia to Japan grid will halve Japanese energy prices / China $284m wind bond / MIGA needs a push / IEA supports climate bonds / Korea shoots for 2% of GDP going into green growth

Submitted on Fri, 2012-05-11 01:52

> In Korea, in the centre of dynamic Seoul, Jeffrey Sachs has just spelt out the painful truth in his speech to the Global Green Growth Summit:

“We are in deep trouble. Things are not working to fix the biggest problem we’ve had to fix. We have failed to do what, 20 years ago, we set out to do. We have squandered that 20 years.

This is an issue where you can feel good about a demonstration project here and there; but the scale of the impact is overwhelming us all.

4 snippets: IEA’s Birol says we need new Churchills (i.e. ain’t any around at the moment) / EU raises 4°C warming / corporate leaders have light bulb moments / Kidney@BloombergNEFSummit

Submitted on Wed, 2012-03-21 10:16

1. The EU’s chief climate negotiator says the world is on track for around 4°C of global warming under current carbon emissions trends, a trajectory that some scientists say risks a planetary mass extinction event. Read the EurActiv story - http://goo.gl/yo8sn.

Green Sukuk Working Group launched to support finance for climate change investment projects

Submitted on Mon, 2012-03-05 02:16

DUBAI, 5 March 2012 – The Climate Bonds Initiative, the Clean Energy Business Council of the Middle East and North Africa and The Gulf Bond & Sukuk Association today announced they have launched a Green Sukuk Working Group. The group aims to channel market expertise to develop best practices and promote the issuance of sukuks for the financing of climate change investments and projects, such as renewable energy projects.