Tag Archives: funding

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Tenth of pandemic stimulus spend could help world reach climate goals – study

The most ambitious goal in the Paris accord aims to cap the rise in global temperatures at 1.5 degrees Celsius, which scientists say could avert far more intense disasters, from wildfires and hurricanes to storm surges and floods.

The world could start to bring that target within reach if governments used 10% of the planned stimulus to back climate-friendly projects such as renewable energy or energy efficiency every year for the next five years, according to the paper, published in the journal Science.

October 16, 2020

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‘$100 billion will be needed’: Huge gap in vaccine funds to fight coronavirus, WHO says

More than 19.92 million people have been reported to be infected by the coronavirus globally and 729,883 have died, according to a Reuters tally.

Infections have been reported in more than 210 countries and territories since the first cases were identified in China in December 2019.

“For the vaccines alone, over $100 billion will be needed,” Tedros told a briefing in Geneva.

August 10, 2020

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Deutsche Bank says it won’t back an new oilsands or coal projects

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CALGARY — Frankfurt-based Deutsche Bank is joining a lengthening list of European lenders and insurance companies that say they won’t back new oilsands projects.

The German bank says its new fossil fuels policy will also prohibit investing in projects that use hydraulic fracturing or fracking in countries with scarce water supplies and all new oil and gas projects in the Arctic region.

It says its ban on oilsands financing, effective immediately, will include exploration, production, transport or processing, seemingly including oilsands pipelines and upgraders or refineries.

It says it will stop financing and capital markets transactions involving coal mining by 2025 at the latest after achieving a goal last year to reduce its loan exposure to coal-fired power plants by 20 per cent. It says it won’t finance any new coal power plants.

Source: Deutsche Bank says it won’t back an new oilsands or coal projects – AirdrieToday.com

This entry was posted in General and tagged alberta, Climate Change, coal, fossil fuels, funding on July 27, 2020 by Steve.

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Small modular nuclear reactors threaten renewable energy transition in NB

The Government of New Brunswick has already invested a total of $10 million ($5 million to each company). In addition, NB Power, a corporation owned by the NB government, has invested an unknown amount in these companies. ARC Nuclear Canada recently disclosed their attempt to secure $20 million in funding from the Government of Canada. At press time, the government of NB is expected to make an announcement confirming the federal funding.

If non-renewable energy projects such as these small modular nuclear reactors have any realistic economic merit, they can and will be funded by private investors.

High profile and speculative non-renewable energy projects that require large amounts of public funding threaten the progress of transitioning to a renewable energy future. They divert investment away from renewables and conservation.

December 1, 2019

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Government plans to help First Nations, Métis groups get capital for resource projects | CBC News

First Nations and Métis groups could soon have access to $1 billion in loans and loan guarantees over four years to start their own large and medium-sized resource projects.

At a news conference Tuesday at the Canadian Energy Museum near Devon, Kenney called the initiative a “game-changer” and a “paradigm shift” that could help get a pipeline built to the West Coast.

“We’re not going to get a pipeline built unless there is First Nations support and involvement,” Kenney said. “And this helps to facilitate that.”

October 8, 2019

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Steve MacLellan

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Tag Archives: funding

Deutsche Bank says it won’t back an new oilsands or coal projects