E3G

Today the UK government has announced the first details of its industrial strategy - vital to keep the UK on track to net zero. Earlier this year E3G and partners set out the government's near term priorities to kickstart a new era of clean industries. These sectors will be pivotal to healthy growth in the sectors targeted by the government's industrial strategy: https://lnkd.in/e9Yk4EG8 Laith Kharus Whitwham

🌱💰 How can finance contribute to unlocking Europe’s transition to sustainability 2024-2030? As the new EU Commission takes shape, its influence will be pivotal in guiding Europe toward its #EU2050 climate-neutral goal. The transition to sustainability is not just essential for environmental reasons—it’s the foundation for long-term social, economic, and financial prosperity across the EU, as outlined in the European #GreenDeal. In a report released earlier this year in collaboration with WWF European Policy Office and ShareAction, we outline essential steps to mobilise both public and private investment towards a #SustainableTransition. While the EU has demonstrated leadership with ambitious #SustainableFinance legislation, there’s still too much capital supporting activities that counter the EU’s sustainability objectives. To drive meaningful change, the existing regulatory framework must be strengthened to provide clear, consistent incentives for investors to focus on sustainability. The report highlights six key objectives to make the system more coherent and effective: 1. Channelling investment for an effective transition. 2. Ensuring consistency and effectiveness in sustainability reporting. 3. Removing obstacles for consumers to invest sustainably. 4. Setting strong standards for due diligence and engagement by financial institutions. 5. Accounting for climate and sustainability risks. 6. Enhancing accountability and sustainability expertise in corporate governance. Our infographic illustrates how the EU Commission can channel private finance more effectively and deploy better public finance to support these goals. Public finance must work hand in hand with private finance, helping to leverage investments in critical areas and supporting the implementation of regulations. By aligning financial systems with sustainability goals, Europe can lead in creating a fair, sustainable, and prosperous future. 🔗 Read the full report and discover how we can drive this transition together: https://lnkd.in/eirWDab5

🚨Our latest report on the decarbonisation of buildings in the #EU is now live!   Europe’s buildings sit at the heart of its #EnergySystem and are central to achieving the EU’s climate targets. Decarbonising the building sector not only contributes to #ClimateAction but also strengthens energy security, enhances fiscal stability, and improves quality of life for citizens.   With the political momentum growing and the creation of the first-ever European Commissioner for Energy and Housing, the time is right for EU institutions and member states to act. The Energy Performance of Buildings Directive (EPBD) provides a framework to accelerate the deployment of clean technologies and mainstream energy efficiency policies. accelerate the deployment of clean technologies and improve wellbeing for households across Europe.   In our report, E3G outlines 10 key recommendations for policymakers to fast-track the #decarbonisation of the building stock, ensuring wider social benefits, including:   🔹 Contributing to energy security by cutting gas consumption with clean heat solutions 🔹 Enhancing economic stability through demand-side solutions and energy efficiency 🔹 Leveraging the financial system for resilient real estate markets 🔹 Supporting innovation in Europe’s heating, cooling, and energy efficiency industries 🔹 Improving quality of life by addressing energy poverty and inequality   Read the full report co-authored by Flaminia Bonanni and Vilislava Ivanova here and explore our recommendations for a just, fast, and well-funded transition ➡️https://lnkd.in/ek4i5gdC Take a look at a summary of our 10 recommendations for policymakers for a successful decarbonisation of buildings in the EU 👇

The UK government’s mission to drive the fastest economic growth in the G7 relies on significantly boosting #investment in the #CleanEconomy. The National Wealth Fund will play a critical role in attracting private investment into #CleanGrowth sectors, and investors and businesses will be looking out for further details at next week’s Investment Conference.     The Chancellor has an opportunity to signal that the Fund will help drive the transition to a low carbon, high growth economy. E3G's latest briefing outlines key recommendations on how to deliver a transformative, Clean National Wealth Fund.    These include:  🌍👷♂️Establish the Fund’s clean growth mission with key objectives: driving net zero and resilient growth, supporting good jobs and a just transition for workers, and boosting UK industrial competitiveness in clean goods and services. 💡 Give the Fund authority to deploy catalytic capital with a higher risk tolerance to accelerate clean growth 📊Embed the Fund in a coordinated policy framework aligned with a #NetZero Investment Plan and Industrial Strategy, ensuring collaboration across key government departments. 🗺️Launch a sequencing roadmap for the design of the National Wealth Fund, with a clear timeline for consultation and policy development. 💼 Commit to an urgent review of the impact of fiscal rules on the capitalisation of UK public banks Read the full briefing co-authored by Will O'Leary, Heather Mckay and Laith Kharus Whitwham here:  https://lnkd.in/ePxg7hqK

The EU Council’s latest conclusions highlight the urgent need for a whole-of-government approach to #ClimateFinance, driving stronger action through both public and private investments. 🌍💶 Explore the vital role of public and private climate finance, and why EU-level public investment is essential for the transition in our report published earlier this year: https://lnkd.in/eirWDab5 For more insights from yesterday’s #ECOFIN meeting, check out the post below from E3G's Alba B. 👇

Yesterday's #ECOFIN meeting reaffirms commitment to climate finance ahead of #COP29, focusing on cutting emissions, scaling renewables, and boosting public investments. 🔎 Take a look at the post below and explore E3G’s insights on #SustainableFinance.

🚨 NEW E3G Briefing    The upcoming #ElectrificationActionPlan from the #EUCommission is a pivotal opportunity for creating a supportive framework for industrial electrification.    With the launch of the #CleanIndustrialDeal, President Ursula von der Leyen aims to decarbonise, enhance industry #competitiveness and technological leadership, while ensuring energy resilience. E3G argues that supporting electrification can help the EU achieve these goals.     Key Insights from the briefing:    📉 Direct electrification of industrial processes has so far been stifled by high electricity costs. Difficulties integrating the technologies into specific sites also impact capital costs. On top of this, domestic EU manufacturing capacity of these technologies is currently not prepared for mass adoption by industry. Grid connections are also hard to come by; conversely, the uncertainty over future industrial electricity demand is making network planning complicated.    🔋 So far, the industrial decarbonisation policy framework has not provided the necessary signals for direct electrification. This is why regulatory clarity for electrification technology producers, industrial off takers and network operators is needed. A supportive framework will also be particularly helpful to small and medium-sized enterprises (SMEs) – where directly electrifying is often a key mitigation pathway – which will soon feel the pinch with the introduction of the EU Emissions Trading System (ETS) II.    🌍 Other benefits of decisively backing direct industrial electrification are potential for global market leadership in industrial electrification technologies, achieving greater energy resilience through a more electrified system, and unlocking new, modern industrial flexibility, helping some businesses cut costs.     E3G’s policy recommendations:    1. Technology Deployment & Monitoring: Develop a comprehensive plan to support the manufacturing of electrification technologies and ensure small and medium-sized enterprises (SMEs) receive dedicated funding to facilitate their transition. 2. Governance & Planning: Establish an Industrial Electrification Alliance to promote collaboration among policymakers, industry stakeholders, and researchers. Setting ambitious electrification targets will provide clear goals for investment and innovation. 3. Electricity Pricing: Finalise the Electricity Taxation Directive to incentivise electrification and improve price stability for industries.    For more insights on how the #ElectrificationActionPlan should be shaped, read our summary of the briefing here: https://lnkd.in/e_fuX62P Full briefing authored by Aleksandra Waliszewska here: https://lnkd.in/eb6eAq9y

The #EU #SustainableFinance Network Update is back.   We are pleased to announce that our latest newsletter on sustainable finance developments across Europe will be released later this week.   This issue will explore critical political and policy developments that are shaping the future of sustainable investment. Highlights among many others include: 💶The implications of the new European Commission for the sustainable finance agenda 💡E3G's insights on the financial aspects of the Draghi's Report 📉Recent studies in climate resilience and risk management   Subscribe here to receive these updates directly in your inbox. https://lnkd.in/eEtg7pgW 

Our experts in geopolitics, finance, and energy shared valuable insights on the outcomes of the UN General Assembly (#UNGA) and New York Climate Week (#NYCW) and what to expect as we approach #COP29. 🌍 Key highlights: ➡️Alden Meyer, Senior Associate, reviewed the state of climate diplomacy in today’s challenging geopolitical and economic landscape. ➡️Laura Sabogal, Senior Policy Advisor, assessed progress on transforming the financial system and discussed the next steps for reforms and capital mobilization. ➡️Leo Roberts, Programme Lead, provided insights from the Global Renewables Summit, focusing on coal phase-out and the future of fossil fuels. The briefing concluded with a Q&A session. Watch the full media briefing recording here on YouTube: https://lnkd.in/eHPJY5fY

🚨NEW E3G blog! Ahead of the 6th October LNG Producer-Consumer Conference in Hiroshima, our latest blog looks at Japan’s plans to hook Southeast Asia on #gas. As Japan’s domestic gas demand declines, it is ramping up efforts to maintain dominance in the global liquid natural gas (#LNG) market. But this approach poses serious risks, both for Japan and its regional partners in Southeast Asia. By promoting gas dependence in Southeast Asia, Japan is: ⚡ Prolonging its reliance on volatile LNG markets 💼 Threatening the economic stability of countries in the region 🌱 Undermining global climate goals and the G7’s commitment to ending fossil fuel financing Swipe through to explore why Japan’s strategy needs a rethink, and how its #G7 partners can help push for cleaner, more secure alternatives. Read our full blog co-authored by Yoko Mulholland (née Amano) and Richard Smith here: https://lnkd.in/eAqhwN-U