Aidan Hollis’ Post

🌳 Investment Gaps and Decrease in Carbon Sinks Threaten EU Climate Progress A report from Euronews on 2nd July highlights significant challenges facing the EU's climate progress. Here are the key points: ➤ Investment Gaps: The report identifies substantial investment gaps in renewable energy, energy efficiency, and green infrastructure. These gaps hinder the EU’s ability to meet its ambitious climate targets and transition to a sustainable future. ➤ Carbon Sinks Decline: The decrease in carbon sinks, such as forests and wetlands, poses a major threat to climate goals. These natural systems play a critical role in absorbing CO2, and their decline exacerbates the climate crisis. ➤ Policy Implications: The findings underscore the urgent need for enhanced policy measures and financial support to bridge the investment gaps and restore carbon sinks. Stronger policies will drive innovation and investment in green technologies. ➤ Climate Goals at Risk: Without addressing these issues, the EU risks falling short of its climate commitments, impacting both environmental sustainability and economic stability. Read the full article here: https://lnkd.in/dFVBMvdh What are your thoughts on the investment challenges and the decline in carbon sinks? How can we enhance our efforts to achieve climate goals? 🌍💡 #ClimateChange #Sustainability #RenewableEnergy #GreenInfrastructure #CarbonSinks #ClimateGoals #Policy #Investment #EnvironmentalProtection #EUClimateProgress #UtilityWire

Dear colleagues, Europe’s transition to climate neutrality requires investments into clean technologies, the transformation of Europe’s industrial base and the build-out of energy infrastructure fit for net zero. At least 2.7 percent of EU GDP of additional investments, or 462 billion euros in 2023 prices will be needed every year throughout this decade. Most investments will come from private sources, incentivised by a mix of regulation, market signals and enabling measures. However, public funding plays an important role. It facilitates private investments, supports clean energy infrastructure build-out or provides support for lower-income households to switch to climate-friendly technologies. The EU budget is small compared to national budgets, but it plays a key role in unlocking investments into the Green transition across the continent. One of the most important political debates in the new EU policy cycle will thus be on the 2028-2034 EU budget. A Commission proposal for the new EU budget is expected by the end of 2025 and the political debate on the new EU budget may run until the end of 2027. Our new report "Investing in the Green Deal" seeks to help structure this critically important debate. The report: - shows the role of public climate funding in unlocking investments into the transition; - explains why decision-makers should urgently address the looming EU climate funding cliff after 2026; - makes the case for robust national climate investment needs assessments and related financing strategies as key lever to enhance the effectiveness of EU climate funding; - develops specific recommendations for maintaining the current level of EU climate funding in the short term: a front-loading of expected national carbon pricing revenues under the ETS2 could unlock more than 36 billion euros to support urgently needed investments into clean heating and transport solutions from 2025-2027 while an early replenishment of the InvestEU Fund could leverage up to 245 billion euros of additional investments particularly in cleantech manufacturing. - recommends the establishment of a dedicated fund of 260 billion euros to support implementation of the Green Deal in the 2028-2034 EU budget. If you are a climate and energy policy expert interested in understanding the critical role of the current and future EU budgets to successfully implement the Fit for 55 package, this report is for you! If you are a public finance expert interested in understanding how your decisions will determine if Europe delivers on its commitment to achieve climate neutrality by latest 2050, this report is for you! Please read and share. And don't hesitate to come back to me or colleagues with feedback or questions!

The United Nations has raised alarms about a "massive disinformation campaign" orchestrated by fossil fuel companies to slow the global transition to renewable energy. This campaign aims to create a backlash against climate initiatives, misleading leaders and the public about the feasibility and costs of climate action. Key points from the UN's findings include: - Manipulating Public Perception: Fossil fuel corporations are promoting narratives that climate action is overly challenging and expensive, despite widespread public support for transitioning to cleaner energy sources. - Disconnect from Reality: A recent global survey indicates that 72% of respondents favor swift action to reduce greenhouse gas emissions, contradicting the narrative pushed by fossil fuel interests. - Urgent Call for Action: UN officials emphasize the need for political leaders to prioritize climate strategies and collaborate effectively to combat misinformation. The impacts of climate inaction are already being felt globally, affecting both affluent and developing nations. As we navigate the complexities of climate policy, it is crucial for us to challenge misinformation and advocate for sustainable practices. At Wolfram Chemie, we are dedicated to supporting the transition to a greener economy and fostering transparency in environmental communication. How can we collectively counteract disinformation in the climate discourse? Share your thoughts below! #ClimateAction #Sustainability #RenewableEnergy #WolframChemie Read full article here: https://lnkd.in/ewYS8ykn

🌍 The path to 2030 and beyond Tougher climate targets and socio-economic concerns. #EU #ClimateAction #Decarbonization This FT article resonates deeply with the themes of my latest blog post on the global energy transition. 🔴 The European Union is grappling with significant hurdles as it strives to meet its 2030 climate targets, with an eye on setting an even more ambitious goal for 2040. Current efforts are falling short, with member states grappling with socio-economic impacts and internal resistance against aggressive green policies. 🌱 Despite these challenges, there's an understanding that we need to push forward. As Spain’s deputy prime minister emphasized, "We need to work much more." This mirrors the global struggle, where economic and energy realities often collide with environmental ambitions. 💡 This situation brings to light the complex dynamics between maintaining socio-economic stability and pursuing aggressive climate goals — a balance that is crucial but hard to achieve. I definitely hear similar sentiments on U.S. sides in the recent months as well. 🔗 My recent blog discusses how similar challenges impact the global natural gas and LNG markets, emphasizing the role of transitional fuels in achieving our climate objectives. #EnergyTransition #NaturalGas #LNG #Sustainability 🌍🔥

Raising the Bar for Climate Action with #Mission2025 Governments have a crucial opportunity to enhance their Nationally Determined Contributions (NDCs) and propel the world toward a 1.5°C future. Our recent ETC report – Credible Contributions – emphasises that by reflecting rapid technological progress and aligning policies with industry commitments, NDCs can triple their impact – delivering up to 17 GtCO2e of mitigation per year by 2035. #Mission2025 calls on governments to seize this moment and set high-ambition NDCs that provide a clear roadmap for investment and accelerated deployment of clean energy technologies. Explore our full insights on how we can achieve bolder climate action: https://lnkd.in/eQfdmpgj #ClimateAction #EnergyTransition #NDCs #ClimateWeekNYC

As members of the Energy Transitions Commission, their latest briefing “Credible Contributions: Bolder Plans for Higher Climate Ambition in the Next Round of NDCs” showcases the opportunity to limit the impact of #ClimateChange by raising ambitions in the next round of Nationally Determined Contributions (NDCs) due at #COP30 in Brazil. Through industry and government collaboration and the #technology available, progress towards a #NetZero economy is both technically and economically possible. Download the report: https://lnkd.in/eQfdmpgj. #TriplingAmbition #CredibleContributions

Now is the time for governments to raise ambition in the next round of Nationally Determined Contributions – the so-called “NDCs 3.0” due at COP30 in Brazil to limit the impact of climate change. Rapid technological progress, and recent national and industry commitments must be reflected in “NDCs 3.0”. More ambitious NDCs, and stronger links between targets and supporting policies at the national level, provide a clear direction of travel to industry and reduces market uncertainty. However, ambition alone will not translate into progress. The “NDCs 3.0” must define: 1) clear and detailed roadmaps for implementation, 2) measurable, comprehensive and granular targets, 3) investable plans, especially in emerging markets. Higher ambition from government and industry collaboration is needed now to accelerate the energy transition and deliver climate progress. Read the full insights briefing on #CredibleContributions here: https://lnkd.in/e_f5dgcc

Two Sessions: What it means for China’s climate policy in 2024 China’s most important political meetings show balancing act between economic growth and emissions control. 🔎 Learn more: https://loom.ly/H_aP34s #TwoSessions #Climate #Policy #china #TwinSessions #Energy #Renewables #Climate #ClimateAction

New York Energy Week 2024: "Comparative Climate Disclosure Regulation Across Global Markets" New York Energy Week (NYEW) 2024, celebrating its eleventh year, continues to be a pivotal event for the global energy sector, bringing together experts and stakeholders from a multitude of fields. Scheduled from June 24 to June 28, this year's NYEW will feature a variety of panel discussions, workshops, keynote addresses, and networking events aimed at fostering collaboration and innovation. Among the key sessions is "Comparative Climate Disclosure Regulation Across Global Markets," taking place on June 24 from 3:00 pm to 3:30 pm. Adam Wasserman, Executive Director of Finpublica, will lead this discussion, offering his insights into the evolving landscape of climate disclosure regulations worldwide. Wasserman's session promises to shed light on the complexities and variances in climate disclosure regulations across different markets. As regulatory frameworks become increasingly stringent and integral to corporate strategy, understanding these differences is crucial for businesses operating on a global scale. This session is particularly timely as companies and investors alike face mounting pressure to enhance transparency and accountability in their environmental impact reporting. Wasserman is expected to discuss best practices, highlight challenges, and explore how harmonized regulations could potentially shape the future of global climate disclosures. NYEW 2024, by featuring such topical and forward-looking sessions, continues to uphold its legacy of empowering thought leadership and driving progress in the energy sector. The event offers a unique platform for industry professionals to share insights, challenge existing paradigms, and collaborate on innovative solutions that address the pressing energy and environmental issues of our time. As the global energy landscape undergoes significant transformations, NYEW remains a critical venue for fostering the dialogue and partnerships necessary for a sustainable future. Join this important event and be part of the conversation shaping the future of energy. https://lnkd.in/dbGEjNKT

Important perspective from UNSW researchers on global climate action momentum. Despite political shifts, key market forces continue driving sustainability forward: - Investment in clean energy will be nearly double fossil fuels in 2024 - 40% of Australia's grid now powered by renewables, targeting 80% by 2030 - State-level action continues with SA aiming for 100% renewables by 2027 At EarthDaily Analytics, we see this reflected in growing demand for consistent, scientific-quality Earth observation data. Daily monitoring will be crucial for tracking and validating climate progress. Particularly relevant as Australia positions to host COP31 in 2026 - our role in the Indo-Pacific climate dialogue is growing. #ClimateAction #EarthObservation #Sustainability