PARIS, France, January 14, 2023 (Maximpact.com Sustainability News) – Energy consumption and greenhouse gas emissions in European buildings and construction have ballooned to an all-time high from lower levels during the worst of the COVID-19 pandemic. In 2021, this economic sector accounted for over 34 percent of energy demand and 37 percent of energy and process-related CO2 emissions – now the European Union is urgently activating a new strategy.
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Carbon emissions trading is gaining popularity in established markets and in emerging economies; in fact it now covers 15 percent of all emissions globally, finds the International Carbon Action Partnership’s new report on emissions trading activity in 2017.
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Trillions of dollars will need to be deployed each year to finance climate action and sustainability, and China is leading the way toward raising these funds, finds new research released Thursday.
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Integrating solar panels into the glass facades of buildings could improve their energy performance to meet EU targets, as the buildings become a whole new source of renewable energy. This is just one of 139 projects soon to be funded by the European Commission.
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Just three days before he left office on January 20, U.S. President Barack Obama transferred a second installment of US$500 million to the Green Climate Fund, based in South Korea’s Songdo International Business District.
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Nineteen global banks and investors, worth a total of US$6.6 trillion in assets, have agreed on a set of standards for financing sustainable development framed as the first-ever Principles for Positive Impact Finance.
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To keep the EU competitive as renewables displace fossil fuels – shaking up global energy markets – the European Commission has proposed a new package of measures to “equip all European citizens and businesses with the means to make the most of the clean energy transition.”
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Evaluating mutual funds and exchange-traded funds based on how well the companies they hold manage their environmental, social, and governance (ESG) risks and opportunities just became easier.
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Four newly funded research projects aim to develop an understanding of current buildings, mobility and energy services to help urban planners lower climate-changing carbon dioxide emissions while keeping residents comfortable and moving efficiently.
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