Article
The Potential Of Green Bonds In Emerging Markets
Published 18th May 2021
By Sarah Casey, Portfolio Director, Climate Council
Since 2011, annual global energy transition investment (renewable energy, CCS, electrified transport, hydrogen, electrified heat, energy storage) has almost doubled, from $290b to $501b. Between 2015 and 2018, emerging markets accounted for an increasingly larger share of this investment, yet high-income economies have accounted for the majority since 2018.
Clearly the green finance revolution has taken the world by storm, with investment in low-carbon energy remaining robust throughout the pandemic. A 2020 report co-authored by Amundi and the IFC pointed out that investment flows since the start of the COVID-19 crisis have proven more resilient towards green investments when compared to their traditional counterparts. This is supported by findings published in their most recent report (2021), which described a 21% increase in emerging market (ex-China) green bond issuances from 2019 and a total of $40billion emerging market green bond issuances in 2020.
Amidst this success however, there must be an acknowledgment that emerging economies will likely be disproportionally hit by the crisis as their governments cannot always provide fiscal and monetary stimulus, and many are heavily affected by the price declines in energy and raw materials, reductions in trade, tourism, and also remittances. As the world begins to recover and rebuild, there is the danger that developing nations may be left behind.
So whilst the green finance revolution is well and truly underway, it risks leaving out emerging markets, including some of the world’s most vulnerable nations to climate change.
What is the potential of green bonds to address this imbalance?
By 2019, the global green bond market had surpassed $700 billion in outstanding issues and the IFC & Amundi expect emerging market green bond issuance to double in the next three years compared to the previous three and the market to cross the US$100 billion mark of annual issuance by 2023.
The global green bond market is a crucial source of financing for positive environmental projects and enables investors to direct funding towards environmentally-friendly activities with a comparable risk-return profile to traditional bonds, in both developed and emerging nations. This market is set to continue growing as investor appetite for green bonds continues to grow, and emerging market issuers are likely to benefit from this increasing demand.
Demand for green bonds in emerging markets rose by 21% to $52bn (€54bn) in 2019, with emerging market green bond issuances in 2019 amounting to $52 billion (a 21% increase from 2018). After renewable energy, transport, followed by green buildings, waste, water, biodiversity conservation, and adaptation, comprise other areas for proceeds.
China is the leader in emerging market green bond growth, while east Asia and the Pacific region is responsible for 81% of the market. In addition to China, emerging market issuers are India, Chile, Poland, the Philippines, the UAE and Brazil. Financial institutions are the largest issuing sector in emerging markets, making up 59% of issuances, compared with 19% in developed markets, followed by non-financial corporates at 35%, sovereigns at 12%, government agencies at 5% and municipals at 0.1%.
Clearly there is positive growth, as both issuers and investors are becoming more comfortable with and recognising the benefits including stable and predictable returns, and a greater awareness of environmental, social and governance (ESG) products and strategies. Yet concerns over soft corporate and national targets remain, as some investors question how green these bonds really are. This is a rather large potential obstacle which, unless addressed, may hinder investment in emerging economies and thus stagger the current growth in clean energy projects and a green recovery post-pandemic.
What is a green project anyway?
A report published by London’s Imperial College Business School in March 2021 argued that there is too much emphasis on developed-market standards to define emerging market bond rules. The report interviewed over 40 asset managers and banks and found that whilst it’s the developing countries with the worst environmental situations and thus in greater need of capital to transition, it will be increasingly difficult for them to attract the funding required.
The pertinent issue remains: What constitutes a green project?
Indeed, what green means varies depending on context. As the report highlighted, it may be more important that an emerging market issuer has a realistic, ambitious transition goal and framework, rather than assessing opportunities through Western-built, one-size-fits-all lens.
In order to increase investment into emerging markets, the Imperial College report argues that green bonds are in fact not an appropriate vehicle for many of the heaviest emerging market polluters and instead transition bonds should be the focus.
It concludes that the need for an established taxonomy that makes funding contingent on ambitious commitments to reduce carbon emissions must be prioritised to enable polluting countries to access green finance, and sustainability-linked bonds, which tie an issuer’s borrowing rate to an environmental target.
Putting emerging markets on an even footing
Whilst the green bond market is growing in emerging economies, there is clearly a lot of work that needs to be done to encourage further investment and perhaps alternative routes do need to be considered, as the Imperial College report suggested.
One way to encourage further growth is through using both public and private capital. One real time example of this is the REGIO fund, anchored by HSBC and the IFC. It is a green bond investment fund that uses public and private capital to help businesses in developing countries transition to cleaner, more efficient energy use and invest in other climate-friendly solutions and has already raised nearly $500 million.
As always, education will be vital. In 2018 the IFC launched its Green Bond Technical Assistance Program (GB-TAP), a training course to give bankers a grounding in the Green Bond Principles and the importance of green bond issuers' disclosures to investors, with an aim to filling a critical knowledge gap and thus growing the green bond market in developing countries.
Global collaboration will also be vital. Financing developing nations climate and sustainable development commitments is a huge task and it will undoubtedly require global investment on an unprecedented scale.
Whilst a lot has been achieved, there is still a long way to go and all possible routes should be explored to help us reach the 1.5-degree scenario. Certainly green bonds will play a major role in increasing investment into emerging economies but perhaps we will also see increased traction in transition deals as investors take a more holistic view, instead of applying a simplistic blanket approach to ESG.
You might also be interested in
Q&A: Tasha McCarter, VP of Solar Engineering, RWE
Our latest Q&A gives a spotlight toBo Bai, Chairman & Founder, Asia Green Fund & MetaVerse Green Exchange. Tasha is passionate about climate change and issues that impact women and people of color. Her life work includes investing over 10 years in the Renewable Energy industry with an emphasis in Power Systems read more
Empowering Growth: Addressing women's access to energy funding
The Climate Council have brought together over thirty bright and great minds in the finance, investment, and energy worlds to identify the challenges females face in accessing capital and barriers to growth, with a focus on clean energy and early-stage fundraising. read more
Our Key Takeaways from COP 27
The annual Conference of the Parties of the UNFCC commonly known as COP was held this year from 6 November until 20 November 2022 in Shaem El Sheikh, Egypt. This was the 27th time the conference was held to discuss actions towards reaching the worlds climate goals. The Climate Council have highlighted five key takeaways from COP27. read more
Top 5 Women-Founded CleanTech Companies Driving the Energy Transition
A previous study from the PEW research centre has shown that women are more likely to consider climate change as a serious threat than men. The study has shown that women believe that lifestyle changes need to be made to combat climate and are more likely to make eco-friendly consumer choices. read more
Q&A: Fanglu Wang, Managing Director, CITIC Capital
During this years Climate Council Disrupt that was held in Dubai in May we got to talk to Citic Capital’s Managing Director, Fanglu Wang. Fanglu Wang has over 25 years of experience in capital markets, corporate finance, financial engineering and risk management. read more
Disrupt: China 2022 Post-Show Report
Key takeaways and conclusions from Climate Council Disrupt: China 2022, which took place in Beijing on 29 July 2022. Download the report here. read more
Power Purchase Agreements in the USA: The Pros and Cons of the PPA
The United States has seen a cumbersome rise in the cost of power purchase agreements (PPAs) during recent years. Prices have gone up by 9.7% in the first quarter of 2022 and have represented a 28.5% increase year on year. Supply chain issues such as supply and demand volatility in the market and regulatory issues caused by independent service operators have caused this massive price increase. read more
Q&A: Matthew Williams, Founder & CEO, IONATE speaking on their Hybrid Intelligent Transformers
The Climate Council sat down with Matthew Williams, Founder & CEO of IONATE, to discuss their proprietary hardware, the Hybrid Intelligent Transformer - reimagining an age-old technology with the future in-mind. We caught Matthew at an exciting time as IONATE secured £3.3 million Seed financing to scale their deep tech innovations read more
Half-year review: what is happening and how to capitalise on growth moving forward
The Climate Council examines the state of global renewable markets as an unexpected, 21st energy crisis takes hold of supply chains. Where does growth lie... read more
Q&A: Angella Rainford, CEO and Founder, Soléco Energy & Rekamniar Frontier Ventures
The Climate Council’s Kamogelo Motse got to chat with Angella Rainford, CEO and Founder, Soléco Energy. Angella took time to speak with Kamo about her work at Soléco Energy, her work at Rekamniar Frontier Ventures where they have co-developed the largest solar farm in Jamaica, and the recent market trends in energy storage solutions she is excited about. read more
The North American clean tech companies driving the energy transition
The Climate Council highlighted five exciting companies in the United States and Canada that have developed innovative cleantech products in the fields of renewable energy, data, energy storage and electric vehicles. read more
Q&A: Catherine Brennan, Financial Manager, GreenYellow
Q&A with Catherine Brennan, Financial Manager at GreenYellow to discuss her role, diversity in the sector and advice to young women pursuing careers in sustainable investing read more
Spotlight: The best Diversity, Equity & Inclusion (DE&I) programmes and initiatives in the industry
The Climate Council would like to highlight the companies that have excelled in driving progress beyond their natural commitment to a cleaner, greener climate and environment - giving a strong focus to Diversity, Equity and Inclusivity. read more
Q&A: Sara Chamberlain, Co-Founder and Managing Director, Energy Foundry
Sara Chamberlain has worked in the energy and environment sector for nearly a decade, with a core focus on helping energy startups develop commercialization strategies. Working at the intersection of technology and entrepreneurship is a personal passion. She currently leads Energy Foundry’s investment activity and maintains an active role with each of the firm’s portfolio companies. read more
Q&A: Paula Singliarova, Head of Sustainability and Stewardship, Arabesque Asset Management
Q&A: Paula Singliarova, Head of Sustainability and Stewardship, Arabesque Asset Management to discuss how her sustainability function sits in between investments, business development and strategy. How her main responsibilities are overseeing proxy voting and engagement activities, working with the investment team on integration of sustainability scores in the investment process, monitoring latest sustainability news and of course, you can’t escape sustainability reporting… read more
Private Equity in Clean Energy – The year’s most exciting transactions thus far
The global renewable sector has matured it has seen many challenges, many great successes and has established a market that can compete with traditional avenues of energy production. Yet, the global energy crises defining the global economy, have created a moment for pause among many private equity investors as to whether or not renewables can provide the returns they were once used to with oil and gas. Despite such uncertainties, private equity investors committed to the energy transition have been sourcing projects that have potential to rapidly grow and assist in achieving the vision for a net-zero future. read more
Q&A: Ghada Rahal, Senior Engineer – Sustainability, Enova by Veolia
Earlier this month, the Climate Council's Kamogelo Motse sat down with Ghada Rahal, Senior Engineer - Sustainability at Enova by Veolia. Ghada took the time to speak with Kamo about her work in the clean energy sector, the importance of highlighting women in the sector and how important women are to advancing the energy transition. We ended off the Q&A with Ghada giving advice to young women who would want to pursue a career in sustainable energy. Enjoy the interview! read more
Q&A: Thokozile Zambane, Partner & Chief Operating Officer, BAYAKHA Infrastructure Partners
BAYAKHA Infrastructure Partners flagship fund, the Bayakha Economic Infrastructure Fund expects to make equity and empowerment financing/structured equity investments into eight to ten qualifying, brownfield and late-stage greenfield renewable energy and other economic infrastructure projects (such as water, transport and ICT) in South Africa (SA), primarily, and to a lesser extent, select parts of Sub-Saharan Africa (SSA) read more
Surging appetite for storage – The year's most successful deals and why
The Climate Council examines three of the most successful storage deals over the last year, and how these can further the net-zero ambitions of the communities they serve. read more
Q&A: Bo Bai, Chairman & Founder, Asia Green Fund
Our latest Q&A gives a spotlight toBo Bai, Chairman & Founder, Asia Green Fund & MetaVerse Green Exchange. "As an impact-driven private equity firm that is aligned with UN-SDG goals, we aim to create a lasting green impact to communities in China and throughout Asia by staying disciplined with our investment approach and focus." read more
Q&A: Hulisani Neswiswi, Managing Director at Trilemma Impact Investments
Our latest Q&A gives a spotlight to Hulisani Neswiswi, Managing Director at Trilemma Impact Investments -driving sustainable investments in South Africa. "The idea was to answer the question of - what if the energy transition, can be used to challenge income inequality, through increasing local participation in the development, ownership and management of this current and subsequent waves of energy projects?" read more
Our oceans as a saviour and as an investment
The magnitude of the oceans is often difficult to comprehend, deeper than the highest mountain is tall and filled with life that feeds half of the planet’s population. We are largely coastal dwellers, and even when we are not, the globalized nature of the planet ensures that we rely on goods and resources that either come from the ocean or are transported across the ocean. This will not change, the oceans will continue to be the source of life, food and transport for many years to come – and so, what can be done to utilize the oceans more sustainably and create a viable business proposition for green, clean investments. read more
The Potential of Green Guarantees to secure a clean energy future
Emerging markets remain disproportionately affected by the current green finance wave with capital up to seven times more expensive in developing economies than in advanced economies. Green guarantees could provide a de-risking mechanism to mobilise private capital into developing economies and address the climate finance gap. read more
Diversity & Inclusion in the US clean energy sector – cause for concern?
Diversity & Inclusion in the US clean energy sector has expanded rapidly, yet underrepresentation of women and minorities remains a concern. read more
Blackstone announce mammoth $3 billion investment in Invenergy
Global investment giant Blackstone has made one of the largest renewable investments in North American history with a $3 billion minority investment in Invenergy – a leading solar and wind developer. read more
Regulatory effects on the US solar sector in 2022
The Climate Council will examine the development of solar policies in the USA and the implications of these policies in attracting both domestic and foreign investment into the US solar sector. read more
Q&A: Dijana Vlaisavljevic, Environmental Social Governance (ESG) Manager, Sonnedix
The Climate Council approached Sonnedix’s ESG manager, Dijana Vlaisavljevic, to explain to us her approach, some of their challenges and their successes as they exhibit what it means to be a leader in ESG. read more
Q&A: Alistair Daynes, Co-Founder & Mattea Webster, Business Development – ReWild Africa
Alistair Daynes, Co-Founder and Mattea Webster, Business Development from ReWild Africa explain to us the concept of rewilding and how the benefits of integrating nature-based solutions into business strategy will future proof companies and their profits from climate change and biodiversity loss impacts. read more
Is your electric vehicle truly green?
Electric vehicles have been hailed by many as being green and eco-friendly, the answer that the automotive industry has been looking for. However, are electric vehicles truly green? read more
Why Investors Should Care About Natural Capital
Investing in natural capital actually implies substantial economic, social, and environmental benefits. In addition to supporting national pandemic recovery plans and the prevention of future pandemics, it will support those vulnerable countries most affected by coronavirus which will likely exploit natural capital to overcome debts induced by pandemic. read more
Nature-Based Financial Disclosures – Tying Financial Risk to Natural Prosperity
The Taskforce on Nature-based Financial Discloures (TFND) Alliance is a financial activist market-led coalition, backed by the UN, seeking to utilize the financial tools at our disposal to induce a more rapid rate of change to our emissions-heavy habits. The Alliance interviewed organizations, government bodies and regulators that are in control of over $8 trillion in assets to develop the 'Nature In Scope' a summary report of proposals to initiate a global framework for nature-based financial disclosures. read more
Q&A: Charlotte Aubin, Founder, GreenWish Group
Charlotte Aubin- 25 years of experience in environmental infrastructure investment, international financial asset management, including 12 years dedicated to international and Sub-Saharan Africa renewable energy and energy transition. Founder of GreenWish Group in 2010 dedicated to financing, developing and operating and strategic advisory on renewable energy infrastructures and energy transition transactions. 2000- 09, Managing Director of Morgan Stanley Investment Management built the French and Swiss institutional activities up to a multi-billion dollar asset level across multiple global asset classes read more
The Challenges In Pursuit Of A Green Hydrogen Economy
Green Hydrogen is the trendiest clean energy source around, touted for its ‘simple’ ability to turn water into a highly combustible energy source capable of replacing our demand for oil and gas. However, the costs of green hydrogen are significant and from a commercial perspective, potentially unviable for some time. read more
Q&A: Bryn Jones, Head of Fixed Income, Rathbones
Our focus is not so much on industrial businesses but more on financial business and businesses that have a social impact including social housing, renewables, transport and those which reduce carbon. To be clear, it is not an impact fund, it is ethical sustainable fund. read more
Webinar Takeaways: How can asset stewardship bring about a low carbon economy?
On the 16th of September the Climate Council held a webinar in partnership with White & Case, welcoming speakers from State Street Global Advisors, EOS at Federated Hermes, Orion Energy Partners, IHS Markit and Encourage Capital discussing how asset stewardship can bring about a low carbon economy. read more
Green Goals For Heavy Industries In The Energy Transition
The steel, cement & heavy-duty transportation sectors that we have become deeply reliant upon, are the very same that weigh us down as we seek to new paths to a cleaner, net-zero society. We have looked at the impacts of three of the most ‘hard-to-abate’ sectors and what alternatives may look like from the perspective of their emissions, costs and practicalities. read more
Q&A: Andrea Course, Venture Principal, Shell Ventures
Andrea Course works in Shell Ventures as Venture Principal where she invests in innovative start and scale-up companies that accelerate the energy transition, focusing in the areas of ML, AI, Robotics and Decarbonization. Currently she sits on the boards of Innowatts (Digital Energy Platform) and Osperity (Intelligent Visual Monitoring). Andrea has 15 years of experience in the energy sector as both technical SME and investor. read more
Q&A: Alicia Eastman, Co-Founder & President, InterContinental Energy
ICE is a green fuel company focused on mega scale projects to deliver economies of scale and competitive pricing in green hydrogen, ammonia, methanol, and other synfuels. We have announced three projects: two are in Western Australia totalling 76GW+ of upstream wind and solar and downstream production of up to 30 MTPA of green ammonia. read more
Climate & Gender Lens Investing: A critical piece of the puzzle?
Applying a climate lens to investing is, today, not an unfamiliar notion. Given that ‘environmental’ is a central pillar of ESG, reporting on climate and integrating it into business and investment decisions has had a lot of attention in recent years. read more
Will low-carbon hydrogen will be the silver bullet in APAC?
Hydrogen has widely been earmarked as the ‘golden key’ solution to unlocking a future energy supply that is clean, green and efficient. Central to this conundrum is the participation of the region with the highest energy consumption in the world – Asia Pacific. In this article we have sought to uncover the opportunities, challenges and realities in developing a regional hydrogen economy, and what that may mean for the global market. read more
Q&A: Katharina Lindmeier, Senior Responsible Investment Manager, NEST
We believe green financing can play a huge part in reducing carbon emissions and, in the process, help mitigate the severe impact climate change will have on our lives. But in the past, it has often been overlooked as banks’ biggest impact is indirect by financing carbon-intensive companies or projects and disclosure on these financed emissions has been poor. read more
Q&A: Ita Kettleborough, Deputy Director, Energy Transitions Commission
The Energy Transitions Commission (ETC) is a global coalition of leaders from across the energy landscape committed to achieving net-zero emissions by mid-century in order to limit global warming to well below 2°C and as close as possible to 1.5°C. Our Commissioners come from a range of organisations – energy producers, energy intensive industries, technology providers, finance players and environmental NGOs – which operate across developed and developing countries and play different roles in the energy transition. read more
Q&A: Maurizio Grassi, Chief Growth Officer (CGO), Sonnedix
'Special transactions' is a definition we use to indicate opportunities that present one of the following features: considerable size, multi technology, multi jurisdictions, teams. These are complex transactions, with a structured and very competitive process... read more
Sonnedix Japan: Expanding the use of solar to build a bright future
Sonnedix is a global solar independent power producer (IPP) with a proven track record in delivering high-performance cost-competitive solar photovoltaic plants across OECD countries. With a total controlled capacity of over 4GW, and more than 350 solar plants across eight countries, Sonnedix has built a strong culture around creating a positive impact in the environment and communities within which it operates, in line with its purpose of harnessing the power of the sun to build a bright future. read more
Accelerating Renewable Capacity in South East Asia
The South East Asian energy landscape has emerged over the last 20 years to become a driver of trends and a source of demand, all as a result of the rapid economic development among the South-East Asian Tigers (and their neighbours) - can the region do the same for renewable generation technologies? read more
Q&A: Tomas Hvamb, EV Private Equity
As a technology focused impact investor, we are committed to achieving greenhouse gas emissions reduction through differentiated technology investments. Our investments fit a very precise profile. They are all in the growth stage of development with experienced management teams; have a differentiated offering in terms of technology; and possess a scalable business model. read more
Winds of change in Latin America
Latin America is home to some of the most plentiful wind resources in the world. The region’s renewable energy sector is heading towards 239 GW of installed wind and solar power capacity by 2040 and with Latin American renewables investment reaching $18.1 billion in 2019, the region is set to play a vital role in the global energy transition going forwards. read more
Q&A: Eoin Murray, Head of Investment, Federated Hermes International
A superb Q&A with Eoin Murray, Head of Investment at Federated Hermes - an investment manager with an exceptional global experience in the energy sector. Federated Hermes is a leading investment and stewardship firm with a vast portfolio of diversified asset under management. read more
Q&A: Matt Hammond, Partner, Foresight Group
Foresight manages a wide range of different investment vehicles backed by public and private institutional investors as well as retail investors. These funds have differing investment objectives and quite diverse portfolios. read more
The Motivations Behind Renewable Energy Investors
While each investor will hold different motivations for what whets their appetite, it may be possible to isolate some areas within the renewable markets that may attract the excitement across the spectrum. Solar PV has soared to new lows, capital and installation costs continue fall and solar power auctions have brought consumers record low prices per kWh. Wind capacity expansion doubled in 2020, with offshore wind farms growing in utility-scale popularity. Green hydrogen, on the other hand, remains a costly ambition. read more
Financing Renewable Energy in Developing Economies
In 2015 at the United Nations Assembly, 17 Sustainable Development Goals were established. The purpose of the Sustainable Development Goals is to make sure that everyone has a better and sustainable future. One of them was coined SDG7 and aims to ensure that everyone has access to affordable, reliable, sustainable and modern energy... Read more. read more
Ensuring a Just Transition in Emerging Economies
Emerging economy countries face the undeniably huge task to transition their economies to be cleaner and more sustainable. This transition however will impact jobs in fossil fuel-based energy production and could, if not considered from a social perspective, negatively impact millions of individuals in emerging economy nations. read more
The Potential Of Green Bonds In Emerging Markets
Whilst the green finance revolution is well and truly underway, it risks leaving out emerging markets, including some of the world’s most vulnerable nations to climate change. The Climate Council asks how Green Bonds can affect this and assist the revolution. read more
Q&A: Roeland Menger, Investment Manager, EDF International
Read our Q&A with Roeland Menger works as Investment Manager at EDF -a French utility- where he focuses on developing projects and strategic investments in sub-Saharan Africa, South-East Asia and the Middle-East. With a past experience in amongst others a finance consultancy and at a Silicon Valley start-up, he comes with a proven track record in project finance, corporate finance and M&A, mainly focused on frontier markets read more
Q&A: David Maguire, Founder Director, BNRG Renewable
The Climate Council recently approached David Maguire, Founder of BNRG, for insightful perspective on how renewables developers are maximising their rapidly expanding opportunities. read more
Smart Cities, Adapting to the Future
Smart cities are the solution that may change our idea of how we live and how we can improve our communities, adapting to the unique challenges of the future. read more
Digitalisation & the Future of Financing
Sustainable finance can be described as taking due account of environmental, social and governance considerations when making investment decisions. This process is intended to lead to increased longer-term investments into sustainable economic activities and projects and lasting benefits to both clients and society at large. read more
Blockchain: Opening Doors in the Energy Sector
Blockchain is most commonly known as the technology that underpins crypto currencies, the most well-known of which is Bitcoin. But the capability of the technology goes further than just the banking industry as it can also be harnessed to transform the renewable energy industry. read more
The Bitcoin Boom, What It Means For The Environment
Twelve years after Bitcoin was launched, prices continue to peak and trough. With this recent surge in the price of the cryptocurrency, comes a surge in the amount of electricity it uses. The Climate Council looks at the surprising environmental impact of Bitcoin. read more
A Gendered Perspective of Renewables in Africa
The Energy Council has looked at renewables projects and programmes across Africa that are actively improving the lives of the women and children in their communities; promoting societal and economic inclusion of this historically disenfranchised demographic read more
The IOC Tracker – mid-term scorecard (2020)
It is increasingly important to see what lies behind oil companies’ stated transition strategies, which have seen a step change in investment allocations since 2018. We reflect on how the IOCs are tracking with their energy transition goals so far in 2020. read more
Unlocking Solar Power in Africa
Solar power is steadily growing in Africa, with 5.8 GW being installed in 2019. However, Africa has a capacity estimated at 1,000 GW for solar power. So why were only 5.8 GW installed in 2019? read more
Banking on climate
We explore how banks and asset managers are providing debt and innovative capital products and how they are responding to very different circumstances than the ones laid out in their commitments published as recently as March. read more
Tomorrow today? The reality of developing a global H2 economy
We delve into the economics of the hydrogen economy, exploring where we are and what is needed for hydrogen to be the saviour that so many claim it will be - this is what we discovered when we spoke to our members. read more
The Secret Sauce – Five Things Stopping Institutional Investors Deploying Greater Capital into Renewable Energy
If executives are going to successfully access some of the $2 trillion a year in clean energy infrastructure being allocated, knowing what these investors look for is important. Much is written about why they are investing, but we asked our membership what holds them back from deploying capital. read more
A Low-carbon, Circular Economy Future – UN Environment and EU Commission
At the Energy Capital Leaders Assembly in November 2019, Mark Radka, UN Environment and Paula Pinho, European Commission shared their insights into achieving a low-carbon future and their Sustainable Development Goals. Read more here read more
IOC Low-Carbon Tracker
Today we have the luxury of choosing between several direct and indirect viable energy sources. Renewables and gas are two of these, and of course historically coal has been the dominant force. The decisive question we always face is “what is the optimal energy mix”? read more