@EconMitch @Josh_Gabbatiss @DrSimEvans This is the original formulation of what the 100bn included so should not in itself be interpreted as widening the definition.
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Asger Garnak
19 posts
Asger Garnak
@AGarnak
Head of partnership @WorldResources and @concitoint. CONCITO investment and finance lead. Views my own, RTs not endorsements.
Copenhagen, Danmark Katılım Ekim 2011
2.1K Takip Edilen313 Takipçiler
Also, the current text implies a broader definition than now: 'private' - rather than 'mobilised private'
So, $250bn would be even less ambitious.
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The updated text on the new climate goal #NCQG is finally out, suggesting a goal of $250bn per year by 2035.
This figure is slightly above our 'no effort' baseline scenario of $222bn (this increased current efforts by inflation and economic growth).
Short 🧵
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In this @concitoint blog I look at the Paris Summit and the trillion $ investment challenge facing emerging and developing economies.
Together with @OECD @OECD_ENV, we convened discussions of the systemic interventions needed from @WorldBank and others.
concito.dk/en/node/3409
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Asger Garnak retweetledi
How do we drive climate financing to the trillions & ensure a #RenewableEnergy future? @AGarnak & @luorui0422 lay out a step-by-step framework to facilitate catalytic action for energy transition investment ⬇️
#NouveauPacteFinancier #GlobalFinancingPact bit.ly/3CCbrqv
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Today at COP27 and online: Launch of the International Solar Alliance's Roadmap to $1 trillion in solar investments.
wri.org/events/2022/11…
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Asger Garnak retweetledi
NEW: Scaling solar energy is critical to delivering clean, affordable, and reliable energy access worldwide. A new paper from @WRIEnergy, @isolaralliance & @BloombergDotOrg offers urgent recommendations for scaling up investment in #SolarEnergy by 2030. #COP27
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Asger Garnak retweetledi
At the 26th WAIPA World Investment Conference in Geneva, ISA will host a roundtable discussion on the Roadmap to Mobilize USD 1 trillion for Scaling Solar Investments by 2030
🗓️12 September
⏲️9:30 CEST
Please join us by Registering here: waipa.org/wic/
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Many thanks to a great collection of finance practitioners and enabling partners looking to advance the @isolaralliance Roadmap to $1 trillion solar investment by 2030.
International Solar Alliance@isolaralliance
The #ISA organized 2nd Investors Meeting in #London during #LCAW2022 where @WorldResources @concitoint @climatepolicy @wclimate came together to discuss the $1 Trillion Roadmap for creating conditions for an expanded flow of institutional capital into #SolarEnergy globally.
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Asger Garnak retweetledi
The Amazon is at risk of turning into savannah. We may only have 5yrs to save it. A combination of warming & deforestation are causing drying. Scientists @inpe_mct, Science Panel 4 Amazon note it's 27% deforested & at 30% could tip.bit.ly/3GM2F99 @globalforests
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Asger Garnak retweetledi
We welcome @concitoint, Investment Fund for Developing Countries (IFU) and the @wclimate as our partners in the journey #Towards1000. The objective is to turn the ISA $1 trillion solar investment goal into real investments on the ground in emerging and developing economies #COP26
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Announced at #COP26: Danish/Nordic investors and DFIs engage with the @isolaralliance Roadmap to mobilize $1 trillion in solar investment. An outcome of @concitoint partnership with @WorldResources
#IFU @wclimate @ClimateIC @WRIEnergy @BloombergDotOrg
concito.dk/sites/concito.…
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Asger Garnak retweetledi
TOMORROW: Join @WorldResources, @isolaralliance, and @BloombergDotOrg at @COP26 to discuss the role of governments & organizations to engage public & private finance sources to catalyze a massive scale-up of #solar investment. #COP26
Register: ow.ly/kZiV50GIkkk
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@UNEP_FI @CFigueres @business @cfigueres was probably referring to NORGES Bank Investment Management, a SWF, and not NORDEA, a private bank ;-)
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.@CFigueres says if Nordea Bank Investment Management became a signatory to the UN-convened Net-Zero Asset Owner Alliance it would be a “game changer”. Via @business #netzerofinance bloomberg.com/news/articles/…
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New paper from @WorldResources @Orsted explores key actions necessary to scaling renewable energy investments. To achieve the energy transition, we need to speed up the public-private ambition loop.
bit.ly/RE_Future
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Asger Garnak retweetledi
IEA net zero report a big advance on past IEA bioenergy views. Finally starts taking land competition seriously. Agrees biomass apart from waste requires FIRST reducing demand for land and wood. Caution to govts. Yet still ignores carbon opportunity costs.
wri.org/insights/5-thi…
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Asger Garnak retweetledi
Tired of investor targets and announcements, and want to see what it means for investors have a comprehensive, coherent plan? Well, do I have the thing for you...
I present to you the framework co-developed and agreed upon by the seven organizations of the @InvestorAgenda.
The Investor Agenda@InvestorAgenda
The @InvestorAgenda releases a new detailed framework to help investors navigate existing initiatives on climate change and focus their attention on a set of key actions. theinvestoragenda.org/press-releases… @AIGCC_update @CDP @CeresNews @IGCC_Update @IIGCCnews @PRI_News @UNEP_FI #ICAPs
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Asger Garnak retweetledi
We’re calling for announcements from the finance sector ahead of #COP26 on:
➡️ Net Zero
➡️ Investment in developing countries and emerging markets
➡️ Coal phase out
➡️ Climate-related financial disclosure
➡️ Nature positive finance
#ClimateAction
ukcop26.org/call-for-clima…
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Asger Garnak retweetledi
Given backdrop, South Korea's stimulus / Green New Deal is pretty impressive... and a potential blueprint for efforts to reboot the global economy in 2020 post #COVID2019
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