Finance & EconomicsFinance & Economics
Europes steel industry needs a credible plan to go green, says Ben Jones. The costs of decarbonising its operations would cost up to €40bn. Jones raises a question whether consumers will be demanding greener steel and be willing to pay for it. European Commission is planning to level the playing field by imposing a tariff on carbon embodied in imported steel. There is a delicate balancing act for the interest of both consumers and producers. And there is more going on to promote industrial energy efficiency in Europe. The Energy Efficiency Financial Institutions Group (EEFIG) recently held its first Working Group meeting. This group will assess the industrial practices dealing with energy efficiency, will identify and assess the main obstacles and drivers for improving energy efficiency within energy-intensive industries, and will provide recommendations to DG ENERGY on what tools and policy instruments are likely to be most effective for increasing the energy efficiency investments in industry. And the European Commission has also been supporting projects.
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How do we finance industrial energy efficiency?
The EU has focused on the Emissions Trading System to bring results but it has not been that successful in achieving energy efficiency. This week the Energy Efficiency Financial Institutions Group (EEFIG) will have a meeting of a new Working Group on industrial energy efficiency.
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Going DEEP
The Energy Efficiency Financial Institutions Group (EEFIG) has over 15,000 projects. They provide a good indication of the risk factors involved in energy efficiency. The website has been updated to show Internal Rate of Return (IRR)/ Net Present Value.
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Investing in improving energy efficiency is industry's chance to be part of the post-pandemic economic recovery
The European Commission presented its European Green Deal investment Plan. The plan is to mobilise at least €1 trillion of sustainable investments over the next decade. In March 2020, the Commission also published its industrial strategy. It aims to reduce red tape .
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Reflections on the recent 2020 EEFIG plenary
The Energy Efficiency Financial Institutions Group (EEFIG) held its annual plenary session in Brussels. EEFIG was established in 2013 by the European Commission Directorate-General for Energy (DG Energy) and the United Nations Environment Programme Finance Initiative (UNEP.
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How Energy Efficiency and Renewables will benefit from COVID-19
Since 1900 only three events had a greater impact on global energy demand than COVID-19: the Spanish flu, the Great Depression and World War II. Can we already predict the near and/or long term impact? Likely not. But we need.
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Central banks need to prepare for climate change
There is mounting evidence that climate change and environmental degradation pose an existential threat. Climate change drives policy-makers into a state of self-examination, says Andrew Hammond. He asks: Is the hallowed principle of ‘market neutrality still relevant in light.
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Responding to Coronavirus: Low-carbon Investments Can Help Economies Recover
The COVID-19 pandemic is first and foremost a human tragedy. The virus has also hit society like a global tsunami, disrupting travel, cutting off communities. Chinas industrial output has dropped 15% to 40% since the crisis began.
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Zero waste system: Rebuilding capital for a circular economy
The number of zero-waste city projects is growing in Asia. But traditional development capital for waste systems is often misaligned with zero waste approaches. Incineration is the most expensive waste treatment system for construction, maintenance, and operations.
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Europe's one trillion climate finance plan
The European Green Deal Investment Plan is designed to attract at least one trillion euros of public and private investment over the next decade. Turning the EU into a climate neutral economy by 2050 will require massive investment in clean energy technologies. Only achieving an interim greenhouse.
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