E3G

Ahead of tomorrow's #AutumnBudget in the UK, here are five key areas E3G is watching: 📈 Green Investment: The government must use its first budget to provide a clear signal that boosting green investment and growth will be at the heart of its economic strategy. ♻️⚡Renewable Energy Expansion: To become a clean energy superpower by 2030, the budget should confirm funding for GB Energy and the UK Wealth Fund and rapidly expand wind and solar power generation, managed with flexible demand and storage. 🏭 Supporting clean British industry: Large-scale investments are needed to revitalise UK industry, supporting clean energy and electrification, and securing sustainable supply chains. A detailed industrial strategy will strengthen the UK's competitive advantages and attract more investors. 🏠 Warm Homes Plan: The budget should fully support the £13.2 billion Warm Homes Plan to insulate 5 million homes by 2030, aiming to reduce energy bills, decarbonise heating, and meet obligations to improve conditions in fuel-poor homes—delivering significant economic and social benefits. 🤝 Climate Finance Leadership: Ahead of #COP29, it's crucial that the UK upholds its £11.6 billion climate finance commitment to strengthen its leadership and credibility in global negotiations, advocating for reforms to maximise the impact of international climate finance. 🔍 For a more detailed analysis, read our full Autumn Budget 2024 media advisory here: https://lnkd.in/eB-phs3j Explore our full Autumn Budget briefing for an in-depth look 👇

Last week’s meetings in Washington, DC, set the stage for pivotal #ClimateFinance discussions in the lead-up to #COP29. Although major announcements were limited, key developments unfolded behind the scenes that will shape the path forward.   Swipe through our main takeaways to explore the latest progress on MDB reform, national finance commitments, and the core issues driving international finance reform.   📖 Read our latest blog for a deeper dive into these discussions and their implications for global climate action ➡️https://lnkd.in/e63_kVV4

E3G media advisory: EU Commissioner hearings to test climate ambitions With the hearings set for start next Monday, 4 November 2024, the new European Commission has an opportunity to strengthen its climate ambitions. This is a chance for MEPs to address critical gaps in the EU’s climate agenda. E3G will be assessing the following key questions: 🌍 Will the new Clean Industrial Deal secure Europe’s industrial future? ⚡️ Can the Commission boost energy security through affordable renewables? 🏠 Will the green transition benefit all Europeans? 🤝 Can the EU leverage its role in the global green transition? 💶 Does the Commission have a plan for scaling up investment? 📅 Will the new agenda ensure a clear path to climate neutrality? 📝 For E3G’s media advisory, our full list of spokespeople and quotes https://lnkd.in/eDbZBXJ2 For more details or requests for comment and analysis, reach out to our press team at press@e3g.org Vincent Hurkens Luke O Callaghan White Domien Vangenechten Ignacio Arróniz Velasco Jurei Yada

🗞️🌱 Keep up with the latest #climate developments—subscribe to E3G’s weekly newsletter! Each Tuesday, we provide fresh analysis on a broad range of climate topics, including clean energy transitions, climate finance, global policy shifts, and more. Stay ahead with expert insights and never miss an important update on key events. 📬 This week’s newsletter covered: 🔹 The World Bank and IMF Annual Meetings happening this week – what’s at stake for climate finance 🔹 How the multilateral development banks (MDBs) need to scale up and reform to support COP29 goals 🔹 G20 finance ministers' position on clean investment barriers 🔹 A deep dive into all things International finance architecture (IFA) reform Get updates like this straight to your inbox every week! Subscribe here: https://lnkd.in/e48vgk9J

With less than a week to go till the UK #AutumnBudget – what should we expect from the new government? Green investment needs to be put at the heart of the government’s growth mission. The green economy grew 9% in 2023 against 0.1% growth in rest of the economy. To be a fast growing, internationally competitive economy requires rapid electrification and global leadership on green finance. Read E3G’s expectations and priorities for the Budget in our Media Advisory here: https://lnkd.in/eB-phs3j

With #CumbreIberica taking place today in Faro, Grupo Español para el Crecimiento Verde, an alliance of 60 Spanish businesses representing 40% of Madrid’s stock exchange, with E3G as knowledge partner, has launched a manifesto recommending Spain & Portugal to aim for a net zero electricity system well before 2035.   Decarbonising the region's power system is critical for increased competitiveness and would enable it to become a main European clean industrial hub. At the #CumbreIberica, the two countries can also collaborate towards an ambitious EU #CleanIndustrialDeal that spurs #cleantech investment and contributes to the decarbonisation of energy intensive industries. Read in ES:  https://lnkd.in/dKFz-HWr

With #COP29 just a few weeks away, one of the key topics on the agenda will be financing the global response to climate change. Emerging markets and developing economies (#EMDEs) need an additional $3 trillion annually by 2030 to fund their climate transitions and achieve sustainable development. Reforming the international financial architecture (IFA) is critical to unlocking the capital needed, particularly if wealthier nations make modest commitments. Dive into our in-depth explainers to understand how #IFA reforms can drive climate finance solutions at COP29 and beyond🔎👇

🌍 The IMF and World Bank Annual Meetings kicked off yesterday in Washington, with critical discussions on the role of multilateral development banks (MDBs) in addressing #ClimateFinance challenges ahead of #COP29. Focusing on MDBs: What to expect from this week’s Annual Meetings 🔹Lowering the equity-to-loan ratio to expand MDB lending 🔹Launching new country platforms for coordinated climate finance 🔹Using innovative de-risking tools to attract private investment 🔹Establishing a new framework to hold the World Bank accountable for its sustainable lending With these reforms on the table, can MDBs evolve fast enough to meet the scale of the climate crisis? Read our latest blog authored by Danny Scull and Rob Moore for more details here: https://lnkd.in/equwGXx4

🔔 Stay informed on the latest #climate insights—subscribe to E3G’s weekly newsletter! Every Tuesday, we deliver up-to-date analysis on a wide range of climate issues, from clean energy transitions and geopolitical impacts to climate finance, global policy developments, and more. Be the first to read our expert research and stay in the know on key events. 📬 This week’s edition covered: 🔹The global energy transition and the risks of a disorderly shift 🔹How the #EU can manage relationships with fossil fuel suppliers as demand declines 🔹Spotlight on Azerbaijan, Egypt, and Algeria’s role in the #EnergyTransition Get updates like this straight to your inbox every week! Subscribe here: https://lnkd.in/eETDhfzV

E3G is delighted to support the Transition Finance Market Review’s work and to have our very own Kate Levick on the expert panel. Unlocking the finance needed to deliver the global net zero transition, and to secure sustainable economic growth requires urgent action by government and market. The Review’s report, published today, will accelerate market readiness and support strong policy action.