Features
COP27 Priorities: Climate Change Adaptation and Mitigation
Mitigation is critical to minimise the risk of climate change's worst impacts, but failing to fund adaptation will take a toll on the most vulnerable. Both aspects should be priorities for COP27.
Climate Change Impacts Are Worsening in 2022 and COP27 and G20 Leaders Need to Respond
A new study reveals the massive proportion of climate disasters all across the world, proving that no country is safe from climate change's impacts. Climate financing for mitigation, adaptation and loss and damage should be central to the COP27 and G20 meeting agendas later this year.
Renewable Energy
COP27: Broken USD 100 Billion Promise of Climate Finance but New Hope For Loss and Damage
At a time when the world should be moving rapidly towards climate change solutions, action is slow. And as promising as the new climate finance proposal agreed upon at COP27 might look, it alone won't be enough to adequately protect the most vulnerable.
Fossil Fuel
Oil Companies Post Record Profits in 2022 Amid Global Energy Crisis
Oil majors had some of their highest profits ever during the second quarter of 2022 causing global outrage as inflation rates rise, the war in Ukraine continues and natural disasters causing devastation. The actions of energy giants can be connected to these global issues by causing or profiting from them.
Region
Electricity Price Hikes in the Philippines
The filed petition for a temporary adjustment to the 2019 power supply agreements by SMC and Meralco and its rejection by the regulator are yet more indications of the importance of proper risk management and the drawbacks of relying on fossil fuels in a net-zero-chasing world.
Using Transition Bonds For Ammonia and Blue Hydrogen Projects: The Risks For Investors and the Issuing Companies
Using transition bonds to fund blue hydrogen and ammonia projects risks extending the climate crisis. But, more importantly, it tarnishes the idea of climate financing at a time when it is needed the most.
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