E3G

As the world gears up for #COP29, the focus on #SustainableFinance is more critical than ever. The intertwined crises of climate change and rising debt levels are hitting vulnerable countries hardest, creating a vicious cycle that threatens both their economic and climate resilience. In a recent report, produced in collaboration with Mistra Geopolitics, E3G examines the geopolitics of debt and climate resilience. The analysis explores how the existing global financial architecture must adapt to better support countries that are most vulnerable to climate impacts. Key insights from the report: 1.     Resilience—the ability to bounce back—is essential for the success of economies and societies. 2.     Rising debt levels, particularly in low-income countries (LICs), are exacerbating vulnerabilities. 3.     Climate resilience and debt restructuring have now become critical geopolitical issues. 4.     Clear roadmaps and transition plans are vital for guiding the roles and actions of debtor countries, donors, and creditors in overcoming the current crises. As we approach #COP29, it’s essential that discussions on sustainable finance include the need for debt restructuring and support for climate adaptation in vulnerable nations. By addressing these issues, we can break the cycle of risk and build a more resilient future for all. Explore our latest insights on this and the proposed pathways forward: https://lnkd.in/eukJSVXj Co-authored by Ronan Palmer, Dileimy Orozco, Inès Benomar, Carolina Cecílio, Lucy Hayes, Oliver Smith #ClimateAction #DebtCrisis #SustainableFinance #Resilience #Geopolitics #E3G #MistraGeopolitics #ClimateChange

Juliet Phillips featured in today’s Guardian article discussing what action the UK government must take in response to Ofgem’s rising energy price cap.   Juliet highlights the need for targeted energy bill support for low-income households and the importance of kickstarting Labour’s warm homes plan. She noted, “The government has an opportunity at the forthcoming autumn budget to start to fix our broken energy system.”   This budget presents a chance to lay the groundwork for a #CleanEnergy future by investing in renewables and low-carbon energy storage, which are essential for reducing our reliance on gas and lowering energy costs.   As we move closer to the #AutumnBudget, we’ll be watching closely and continuing to advocate for policies that support a fair and green transition.   🔗 Read the full Guardian article here: https://lnkd.in/ecvNh7uB

📢 WE’RE HIRING! Exciting opportunities are available across our team to drive forward global climate action. 💼 E3G is recruiting an International Network Manager, Political Economy & Governance to drive the growth of the International Climate Councils Network (ICCN). Position available in London, Berlin, or Brussels. Apply here by 10 September: https://rb.gy/87pgxz 💼 E3G is looking for a Senior Policy Advisor, Macroeconomic Policy in Washington D.C. to lead strategic analysis with key institutions like the IMF. Apply here by 23 September: https://rb.gy/s2wyqg 💼 E3G is seeking a Senior Policy Advisor, International Financial Regulation to lead on the team’s strategic policy analysis on international regulation for climate safety. This position can be based in Berlin, Brussels, London, or Washington D.C. Apply here by 23 September: https://rb.gy/nm9ayq Join us in making a difference! #Hiring #ClimateJobs #PolicyJobs

🌍📈 Meeting the UK’s 2050 emissions target could unlock over £266 billion for the UK economy over the next three decades. The #AutumnBudget is a key moment to drive this forward.    To put the UK firmly on the path to transition,  E3G recommends that the new Labour government focus on these five key areas for #GreenProsperity:    💸1. Drive Investment into Green Industries of the Future  Action: Recentre the Treasury and UK public finance institutions to prioritise green prosperity.  Impact: Providing clear signals and incentives for investors will position the UK as a global green finance capital, unlocking substantial economic benefits. 🍃 2. Deliver the 2030 Clean Energy Superpower Mission  Action: Accelerate investment in renewables like wind and solar, and support long-duration energy storage and hydrogen-to-power projects.  Impact: Building a robust, low-carbon energy system will replace reliance on fossil fuels, lower energy bills, and enhance energy security.   🏠 3. Kickstart the Warm Homes Plan to Lower Bills for Households  Action: Expand and evolve retrofit schemes focusing on heat pumps and insulation, targeting the upgrade of 5 million homes by 2030.  Impact: Lower household bills, alleviate fuel poverty, and contribute significantly to meeting carbon budgets. 🌱 4. Support the Growth Mission through Clean Industry  Action: Invest in decarbonising industries and manufacturing by lowering electricity costs and simplifying access to funding for clean technologies.  Impact: Future-proofing industries will protect jobs, enhance competitiveness, and drive large-scale investments into the UK's industrial heartlands. 📈 5. Position the UK as an International Climate Leader through Oil and Gas Phase-Out  Action: Implement a responsible #TransitionPlan for the North Sea, end new oil and gas exploration licenses, and ensure a just transition for affected workers.  Impact: Aligning fiscal policies with #ClimateObjectives will reduce environmental liabilities and demonstrate global leadership in climate action.    📄 Read the full Autumn Budget briefing here 👇  https://lnkd.in/eKWeMYaE     Co-authored by Juliet Phillips , Heather Mckay, James Dyson, Susie Elks, Laith Kharus Whitwham, Beth Walker    #GreenEconomy #NetZero #CleanEnergy #SustainableGrowth 

The new UK government has a strong mandate to take bold steps on climate action domestically and abroad - including hitting the ground running to deliver on domestic emissions reductions. E3G's latest newsletter explores the #ClimateAction priorities for the new UK Labour government: ➡️The government has provided strong early signals that resetting the UK’s diplomatic relationships is at the top of the agenda, and tackling climate change is a key part of those relationships. In a period where strong global #ClimateLeadership is needed more than ever, the UK is well-placed to step into this role. ➡️ Resetting relations with the EU is a clear priority for the new UK government and there is much that can be done to improve UK-EU collaboration on climate and energy. ➡️ Boosting finance for climate and development will be crucial to rebuilding the UK’s relationships with countries in the Global South. Besides working with financial institutions and tackling the debt crisis, the UK also has a significant diplomatic role in negotiations for a new goal on #ClimateFinance at COP29 in November. ➡️ Net zero is an immense source of competitive advantage for the UK. If the new Labour Government seizes this moment, it can lead the world in #GreenGrowth. A commitment from the new Chancellor Rachel Reeves at the Autumn Budget to a Net Zero Investment Plan can relaunch the UK as a global climate leader and secure a brighter future for Britain.   ➡️The plan to create a ‘Clean Power Alliance’ was one of the boldest commitments in the Labour manifesto and could play a key role in accelerating the delivery of climate action. To do so, it should build on the UK’s extensive network of pre-existing diplomatic alliances to drive political momentum behind the global #EnergyTransition. Read the newsletter here: https://lnkd.in/euc_NDyx

How should the new #EuropeanCommission approach energy diplomacy? E3g and The Clingendael Institute brought together 21 experts from European think tanks to answer this question. Here are our top five recommendations: ⚡1: Re-define European #EnergySecurity, looking beyond security of #FossilFuel supply and towards accelerating the shift of the EU’s energy system to becoming more flexible, decentralised, resilient and sustainable. 📈2: Re-shape the EU External Energy Engagement Strategy around green economic growth and win-win partnerships with emerging markets and developing economies. This includes more diversified supply chains for energy commodities, CRMs and clean technologies. 🤝3: Refocus energy diplomacy communication with emerging economies on shared benefits from accelerated #RenewableEnergy transition, emphasizing local value creation, sustainable growth and peer-to-peer industrial and trade cooperation. 💡4: Engage in mutually beneficial partnerships with non-EU countries that are based not only on resource extraction but on building sustainable industrial value chains and creating local added value. 🏭5: Align EU energy diplomacy and external trade measures. The EU’s green trade agenda should be an entry point for dialogue on fostering energy transition in third countries. This includes on CBAM, NZIA and CRMA. Co-authored by Richard Smith Pieter de Pous and Maria Pastukhova

Decarbonising heating and cooling is vital for EU energy security, climate goals, and citizens' well-being. E3G's latest briefing, "Progressing Heating and Cooling Decarbonisation in Central and Eastern Europe," provides comprehensive guidance for stakeholders, with practical insights and case studies from Bulgaria, Poland, and Slovakia. Read more 👇

📊 NEW E3G report reveals that investment treaties with investor-state dispute (ISDS) provisions are misaligned with international climate efforts, protecting up to 2 gigatonnes (Gt) of greenhouse gas emissions. Wealthy countries need to tackle these treaties if they are serious about their climate commitments. Of the 58,281 #FossilFuel assets identified by E3G, 6,860 (12%) were protected by ISDS, representing 62% of fossil fuel assets owned by foreign investors. Strikingly, 80% of total potential ISDS claims could be brought over upstream oil & gas production assets, which could delay the phase out of oil & gas production. These ISDS-protected fossil fuel assets could emit collectively up to 2 Gt CO2e annually. However, responsibility for protecting these emissions is not equally distributed, with the wealthiest countries protecting the most emissions. The G7 protects 50% (1 Gt CO2e) of these emissions, and the UK protects more potential annual emissions than any other country: 255 megatonne (Mt) CO2e. Not only are the wealthiest countries the most responsible, but the protection provided by investment treaties with ISDS is misaligned with their international climate efforts: ➡ 6 of the top 15 countries that protect the most overseas emissions via ISDS have joined the CETP. ➡ Two core members of BOGA - Spain & France – together protect 165 Mt CO2e from ISDS-covered #OilAndGas fields. ➡ Colombia (friend of BOGA) and Indonesia (supported through a JETP) are highly exposed to ISDS claims, putting their transition efforts at risk. Countries with ambitious international climate commitments need to lead reform on investment treaties to reclaim their titles as #ClimateLeaders. E3G's report recommends these countries start by recognising the incompatibility between the current investment treaty regime and the global #EnergyTransition, agree a reform option and pursue plurilateral action, and integrate the investment treaty reform agenda into wider climate discussions in multilateral fora. Read the report here: https://lnkd.in/ehbxq-7E This report is co-authored by Eunjung Lee and Jordan Dilworth. E3G worked with Tord Lauvland Bjørnevik at WWF Verdens naturfond to analyse upstream oil & gas assets, used UN Trade and Development (UNCTAD)’s International Investment Agreement Navigator to map investment treaties and trackers from Global Energy Monitor to analyse coal mines and oil-, gas-, and coal-fired power plants. We’d also like to thank Kyla Tienhaara for reviewing our report.

🌱 A green financial system can power sustainable economic growth. 🌱     We've joined 14 other leading civil society organisations on this latest briefing, setting out how the new Chancellor, #RachelReeves, can deliver on her promise of #change to unlock the massive growth opportunity that is the UK’s #GreenTransition.    The net zero transition is the UK’s most significant economic opportunity - capable of adding £57 billion to UK #GDP by 2030 if the right steps are taken. Centring green growth in her economic plan is her best chance to get the UK economy back on track.     The new Chancellor must address the climate and biodiversity crises, build resilience and crowd in private investment to deliver on Labour’s promises of growth and stability. Reeves must prioritise rebuilding market confidence to unlock the private capital needed to revitalise Britain’s economy. Priority actions should be to:     💸 Set out an ambitious plan to invest in green growth.   📈 Leverage the power of financial sector policy to drive green investment and end unsustainable financing.   🏛 Focus our public institutions on delivering green growth and prosperity.     Read the joint briefing here 👇   https://lnkd.in/eBCt-eEG National Trust Green Alliance Climate Safe Lending Network Wildlife and Countryside Link Global Witness Greenpeace UK Positive Money WWF New Economics Foundation Make My Money Matter The Finance Innovation Lab ShareAction Environmental Defense Fund RePattern Joe Dillon Heather Mckay

What was the role of climate and energy at the UK General Election? Our polling with More in Common found that: 🇬🇧 Climate change is a worry for every demographic in the UK - it is not a polarising issue. 💰The cost of living was by far the biggest issue at this election, and GB Energy was seen as a popular Labour policy to address this and the climate crisis simultaneously. ♻️⚡️The public are three times more likely to think that renewable power will bring their bills down than to think fossil fuels will. 📉Rishi Sunak’s backtracking on climate policies damaged his election chances. 🌱Whilst Reform voters are less concerned about climate it is not a deciding factor on how they vote. Read the latest blog from researcher Joe Dillon exploring the results from our polling: https://lnkd.in/dGCMgdzx #GeneralElection #Climate #Energy #RenewableEnergy