Green Finance

European citizens and stakeholders have until midnight June 3 to comment on a set of draft EU rules for a new financing mechanism that would enable member states to finance renewable energy projects in other member states as a way of reaching their 2030 renewable targets.

Looking at the various solar power plant mechanisms brought by regulatory changes in 2020, the Turkish PV market is aiming to adopt some exciting new financial and business models.

The world is watching to see whether signatories to the Paris Agreement can increase emission reduction targets to match the 1.5°C goal. While Covid-19 and oil shocks rock the markets and delay negotiations, if the financial community is given the correct information, tools and frameworks to shift its focus, the transition to a low carbon greener future may yet be assured. Felicia Jackson in London explores the implications of the EU’s Climate Law and the Green Deal that it promotes.

From playing a key role in facilitating the scaling of the solar sector, to opening new markets and enabling grid and energy storage technologies, multilateral financial institutions have been an important part of the ongoing global energy transition. And as Felicia Jackson writes from London, with the expansion of “green banks” and clean-energy lending, the role of these institutions is only set to expand.

Although decried for lacking ambition and as an abdication of responsibility in some quarters, the climate law proposed by the European Commission may be more ambitious than it first appears, as Felicia Jackson, from the center for sustainable finance of the School of Oriental and African Studies at the University of London – considers here.

With the $20 million financial backing of the Clean Energy Finance Corporation (CEFC), local lender RateSetter has launched Australia’s first peer-to-peer green bond lending platform connecting investors and borrowers with an eye on environmental sustainability.