Large, private sector energy customers wanting to buy more renewable energy are already driving change in electricity markets by scaling up clean power delivered through the grid. More renewables in countries’ power grids will accelerate progress toward emissions-reduction targets put forth in Paris.
If successful, the new international climate agreement forged in Paris will send strong signals to financial markets—and therefore to businesses and investors—about the direction of energy for the foreseeable future.
A new initiative launched in Paris this week demonstrates the growing recognition that action by financial institutions – both public and private – is necessary to begin shifting trillions of dollars toward low-carbon development.
The companies represent $932 billion in revenue and 476 million tonnes of annual greenhouse gas emissions. Their commitment to align their emissions-reduction goals with what the latest climate science says is necessary to limit warming to 2 degrees C will make a huge impact.
A new report shows how civil society groups can track the flow of adaptation funds and ensure money is used productively.
Just 10 years ago, many corporate executives wouldn’t even say the words “climate change.” Now, hundreds are taking action by setting internal prices on carbon, adopting science-based emissions targets and signing climate action pledges.
There has never been a better time to ask: what are you doing to price carbon?
As of this Monday, 174 countries had submitted their national climate plans to the UN, in preparation for the Paris climate summit that begins next week.
WRI President and CEO Andrew Steer answers the question: Is it possible to enjoy rising levels of prosperity and also enjoy clean air, pure water, green spaces and uncongested, livable cities?
A new report lays out clear recommendations for how the Chinese government can put the right policies in place to shift investments from polluting to sustainable industries.
Climate change is a risk that, while significant, is oftentimes misunderstood by the financial community. The new Carbon Asset Risk Discussion Framework aims to help financial institutions identify and understand climate-related risks to their portfolios.
China will need investments in the order of $330 billion (RMB 2 trillion) a year from 2015-2030 to overcome its environmental challenges. Tapping the private sector can help scale up the country's green finance.
Warren Buffet once said, “Cash combined with courage in a time of crisis is priceless.” Will those with the “cash”—the institutional investors who own an estimated $70 trillion in capital—have the courage to respond?
The China-led Asian Infrastructure Investment Bank and other new multilaterals are becoming an important part of the development finance landscape. How they answer these five questions will have far-reaching implications.
The value of sustainability is oftentimes misunderstood by businesses and investors seeking to quantify more immediate impacts on revenue growth. Goldman Sachs' director of environmental markets, Kyung-Ah Park, explains how businesses can better engage investors in their corporate sustainability efforts.
Manish Bapna takes a closer look at corporate sustainability trends and its global shift toward low-carbon energy.
Making the transition to a low-carbon, climate-resilient economy is going to take a lot of investment, and the limited budgets of the public sector can’t tackle it alone.
But by targeting their support, governments can create incentives for significant private investment into climate activities; in other words, they can “mobilize” private investment.
Call it bad timing: Brazil’s greenhouse gas emissions intensity is rising while that of most of the G20 countries decreases, just as more infrastructure investment will be needed to support expected economic growth and social inclusion.
China’s outward foreign direct investment (OFDI) has been increasing dramatically. During the 2008-2009 financial crisis, global foreign direct investment (FDI) decreased by 40%, whereas China’s OFDI increased by 8% (UNCTAD, 2013).
In a first step to quantify global public and private investment in transport across all modes, WRI estimated annual capital expenditures (excluding consumer spending) at between US$1.4 trillion and US$2.1 trillion annually.