Kafi Prasetya’s Post

An article in the Financial Times about (again) the #fundinggap: The pressing issue of financing the global shift towards renewable energy. With a hefty price tag estimated at $9 trillion annually by 2030, the stakes are high as governments and the private sector scramble to find sustainable solutions. 🌞💰 Yet, the perceived funding gap might be a mirage. There's ample capital in the industrialized world awaiting strategic deployment to fuel this green revolution. The real challenge lies in optimizing these vast resources through smarter, more sustainable financial strategies. Here's how: 🔴 𝐂𝐮𝐭𝐭𝐢𝐧𝐠 𝐁𝐚𝐜𝐤 𝐨𝐧 𝐅𝐨𝐬𝐬𝐢𝐥 𝐅𝐢𝐧𝐚𝐧𝐜𝐞: Reducing investments in fossil fuels to divert funds towards sustainable projects. Including physical and transition risks in the portfolio helps already a little, but it is not enough. 🔴 𝐄𝐥𝐢𝐦𝐢𝐧𝐚𝐭𝐢𝐧𝐠 𝐅𝐨𝐬𝐬𝐢𝐥 𝐅𝐮𝐞𝐥 𝐒𝐮𝐛𝐬𝐢𝐝𝐢𝐞𝐬: Redirecting the financial support away from fossil fuels to foster a green economy. 🔴 𝐈𝐦𝐩𝐥𝐞𝐦𝐞𝐧𝐭𝐢𝐧𝐠 𝐂𝐚𝐫𝐛𝐨𝐧 𝐓𝐚𝐱𝐞𝐬: Utilizing taxes on carbon emissions to discourage pollution and generate funds for renewable initiatives. 🔴 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭𝐬 𝐟𝐨𝐫 𝐑𝐞𝐧𝐞𝐰𝐚𝐛𝐥𝐞𝐬: Shifting regulatory frameworks to favour renewable energy sources over traditional ones. 🔴 𝐂𝐫𝐞𝐝𝐢𝐛𝐥𝐞 𝐅𝐨𝐬𝐬𝐢𝐥 𝐅𝐮𝐞𝐥 𝐏𝐡𝐚𝐬𝐞-𝐎𝐮𝐭: Encouraging governments to commit to treaties like the Fossil Fuel Non-Proliferation Treaty, ensuring a tangible move away from fossil fuels. The misconception (also coming from the financial sector) is a lack of finance. Of course, this has to do with incentives: the financial sector does not want to talk about financing less, phasing out what is still profitable. However, to get the capital needed, the answer is reallocation, not about more capital.

🐦📚 Discover the impact of digitalization, renewable energy, and technological innovation on load capacity factor in G8 nations. This groundbreaking study sheds light on environmental health and calls for strategic environmental policies. Read more: https://buff.ly/42rqH3L

Your #IAPWeeklyRead 🎯 🌍🔋 As global energy demand continues to rise, focusing on green energy funding in developing countries could have a significant impact. By investing in these regions, we can achieve high environmental returns, reduce social and economic disparities, foster global cooperation, and accelerate the transition to a sustainable energy future. In their latest UNIDO IAP piece, Frank Hartwich and Elias Farnleitner delve into how developed countries should provide more resources for developing countries' green transition to boost global climate efforts. Read the full piece here: 💬 Promoting global sustainability by investing in the energy transition of developing countries https://lnkd.in/daB2rjzV #GreenEnergy #Environment #EnergyTransition #SDGs #GlobalSustainability #Sustainability #IndustrialDevelopment

NZIA launched to recognise waste-to-solutions in the energy transition. By Edward Laity The European Parliament has passed the Net Zero Industry Act (NZIA) to recognise and strengthen the role of waste-to-energy in transition initiatives. These technologies include waste-to-hydrogen conversion, carbon capture, utilisation and storage (CCUS), heat pumps and sustainable alternative fuel technologies. One of the cornerstones of the Green Deal Industrial Plan (GDIP), NZIA has set a target for Europe to produce 40% of its annual deployment needs in Net Zero technologies by 2030, based on National Energy and Climate Plans (NECPs) and to capture 15% of the global market value of the technologies. The new legislation is expected to harmonise permitting processes in EU member states and public procurement with the aim of establishing regulatory framework, encourage private investment and streamline the deployment of mentioned technologies. https://lnkd.in/dG8Rb5Pf

Policies such as the EU Carbon Borders Adjustment Mechanism (#CBAM), Corporate Sustainability Reporting Directive (#CSRD), and UK Government grants and incentives for green technologies, will help drive the UK #EnergyTransition.   But what low carbon technologies should we focus on? What sectors need to decarbonise the most?   Check out our web page that charts the UK #EnergyTransition journey so far. It’s full of charts and stats that look at where we’ve reduced emissions in the energy system, where we already use low carbon energy, and what we still need to do.   Click to view web page: https://deloi.tt/3SrcPES   #Decarbonisation  

Africa’s green transition: Paving the way for sustainable development by Emmanuel Chilamphuma The green transition in Africa is gaining momentum as the continent seeks to harness its vast renewable energy potential and address the challenges

Can carbon credits truly accelerate corporate decarbonization? The Science Based Targets initiative (SBTi) dives into the debate. "The use of environmental attribute certificates...could function as an additional tool to tackle climate change” - SBTi Board of Trustees This shift has major implications for companies with net-zero goals. What are the potential benefits and risks? SBTi will release guidelines in July 2024. Share your thoughts in the comments. #SBTi #NetZero #CarbonCredits #ESG #CorporateSustainability #ClimateAction

It's amazing to see that some EU countries are already surpassing their sustainable energy targets for 2030! #EU #sustainableenergy #2030goals #ireland https://lnkd.in/eXpqKjpv

The Ripple Effect of Delays in the UK's Green Projects on Achieving Net Zero and Environmental Impact Delays to UK’s green projects not only impact on the feasibility of achieving the UK...READ More #LowCarbonEnergy #greenhydrogenproduction #ukgreenenergy #netzeroeconomy #windenergy #solarenergy #ukrenewableenergy #UKgreenenergyprojects #UKdearbonisation

Africa’s green transition: Paving the way for sustainable development by Emmanuel Chilamphuma The green transition in Africa is gaining momentum as the continent seeks to harness its vast renewable energy potential and address the challenges