In 2022, there are wins to be celebrated for climate policy. The recent US legislation is the first time in 40 years that the government has managed to pass any meaningful climate policy. The invasion of Ukraine has shaken Europe to accelerate the move away from Russian oil and gas. However, it is hard to celebrate wins for the climate without addressing the elephant in the room – the thriving and ever-profiting oil and gas sector. While recent geopolitical events did indeed infuse the energy transition with, (no pun intended), some much needed energy, Joelle Thomas would argue that the biggest winners of the past year’s events have been oil and gas companies. What does this mean for the energy transition?
A day-long conference in Brussels underscored the urgency of making the EU’s 2021-2027 budget a green one. There’s a window of opportunity to do so — and the game is on. Paul Hockenos reports
The EU’s Renewable Energy Directive of 2018 requires member states to provide special support for “community energy.” Doing so requires a definition of “community renewables” that is eligible for that special support. Ireland may be the most interesting case at present. Craig Morris takes a look.
The construction of new coal-fired power plants in South Africa has hit a major roadblock, with three of the biggest private banks saying they will stop funding dirty energy infrastructure developments here. Leonie Joubert reports
Several countries’ national determined contributions (NDCs) highlight climate finance as a precondition for the ambitious action needed to achieve development paths compatible with limiting global warming to 1.5°C in 2100. Many hopes have been pinned on new market mechanisms in this context, but the trade-offs demanded by carbon trading schemes continued to be hotly debated at the UNFCCC last week, not least due to their political and economic implications. Laima Eicke reports