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Finance ministers’ commitment to support climate action boosts momentum for the Paris agreement…

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Climate Action Network (CAN) Europe welcomes the fact that global finance ministers attending the joint World Bank and International Monetary Fund summit in Lima expressed their commitment to scale up climate finance. This is an essential element for a successful global agreement on climate change in Paris.

CAN Europe calls on the EU to provide a comprehensive plan on how it intends to reach its fair share of climate finance in the run up to Paris, and ensure that all committed funds truly serve the purpose of empowering developing countries in their efforts to tackle climate change.

Recent pledges to increase public climate finance have given a much needed boost to the mobilization of funding for international climate action – Wendel Trio, Director of CAN Europe said. This positive momentum should be sustained through considerable pledges from all EU Member States in the run up to the climate summit in Paris.

According to CAN Europe, it is crucial that the EU provides a comprehensive plan on how it intends to ramp up support for developing countries. It needs to contribute USD 24bn per year by 2020, as this is its fair share of reaching the global goal of USD 100bn. The recent announcement by China that it will increase its climate finance to USD 3bn after 2020 puts pressure on the EU to clearly spell out its commitments.

The pledges represent important political steps at a crucial time, but the donor countries need to provide more clarity on their details – Wendel Trio added. This cannot just be an exercise of relabeling existing aid as supporting climate action. We welcome all aid to support sustainable development. However, shifting funds from support to education and health towards climate action is not going to convince developing countries to join an ambitious agreement in Paris.

Moreover, the recent OECD report showed that countries over-estimate the actual transfers that vulnerable countries’ governments are receiving, through the inclusion of loans and credit guarantees. According to CAN Europe, meeting the climate finance promise must not become an issue of smart accounting of private investments. CAN Europe believes the USD 100bn should be comprised of public funds, with private finance additional to that sum.

Public finance is essential for the world’s poorest communities who do not tend to live in places that attract private investment. Developing community disaster preparedness plans, planting mangroves for protection from storms and rising seas, or developing small-scale irrigation systems, for example, do not generate financial returns and will not attract the business sector investments.

Economy

A Good Look At How Homes Will Become More Energy Efficient Soon

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energy efficient homes

Everyone always talks about ways they can save energy at home, but the tactics are old school. They’re only tweaking the way they do things at the moment. Sealing holes in your home isn’t exactly the next scientific breakthrough we’ve been waiting for.

There is some good news because technology is progressing quickly. Some tactics might not be brand new, but they’re becoming more popular. Here are a few things you should expect to see in homes all around the country within a few years.

1. The Rise Of Smart Windows

When you look at a window right now it’s just a pane of glass. In the future they’ll be controlled by microprocessors and sensors. They’ll change depending on the specific weather conditions directly outside.

If the sun disappears the shade will automatically adjust to let in more light. The exact opposite will happen when it’s sunny. These energy efficient windows will save everyone a huge amount of money.

2. A Better Way To Cool Roofs

If you wanted to cool a roof down today you would coat it with a material full of specialized pigments. This would allow roofs to deflect the sun and they’d absorb less heat in the process too.

Soon we’ll see the same thing being done, but it will be four times more effective. Roofs will never get too hot again. Anyone with a large roof is going to see a sharp decrease in their energy bills.

3. Low-E Windows Taking Over

It’s a mystery why these aren’t already extremely popular, but things are starting to change. Read low-E window replacement reviews and you’ll see everyone loves them because they’re extremely effective.

They’ll keep heat outside in summer or inside in winter. People don’t even have to buy new windows to enjoy the technology. All they’ll need is a low-E film to place over their current ones.

4. Magnets Will Cool Fridges

Refrigerators haven’t changed much in a very long time. They’re still using a vapor compression process that wastes energy while harming the environment. It won’t be long until they’ll be cooled using magnets instead.

The magnetocaloric effect is going to revolutionize cold food storage. The fluid these fridges are going to use will be water-based, which means the environment can rest easy and energy bills will drop.

5. Improving Our Current LEDs

Everyone who spent a lot of money on energy must have been very happy when LEDs became mainstream. Incandescent light bulbs belong in museums today because the new tech cut costs by up to 85 percent.

That doesn’t mean someone isn’t always trying to improve on an already great invention. The amount of lumens LEDs produce per watt isn’t great, but we’ve already found a way to increase it by 25 percent.

Maybe Homes Will Look Different Too

Do you think we’ll come up with new styles of homes that will take off? Surely it’s not out of the question. Everything inside homes seems to be changing for the better with each passing year. It’s going to continue doing so thanks to amazing inventors.

ShutterStock – Stock photo ID: 613912244

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Economy

IEMA Urge Government’s Industrial Strategy Skills Overhaul To Adopt A “Long View Approach”

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IEMA, in response to the launch of the Government’s Industrial Strategy Green Paper, have welcomed the focus on technical skills and education to boost “competence and capability” of tomorrow’s workforce.

Policy experts at the world’s leading professional association of Environment and Sustainability professionals has today welcomed Prime Minister Teresa May’s confirmation that an overhaul of technical education and skills will form a central part of the Plan for Britain – but warns the strategy must be one for the long term.

Martin Baxter, Chief Policy Advisor at IEMA said this morning that the approach and predicted investment in building a stronger technical skills portfolio to boost the UK’s productivity and economic resilience is positive, and presents an opportunity to drive the UK’s skills profile and commitment to sustainability outside of the EU.

Commenting on the launch of the Government’s Industrial Strategy Green Paper, Baxter said today:

“Government must use the Industrial Strategy as an opportunity to accelerate the UK’s transition to a low-carbon, resource efficient economy – one that is flexible and agile and which gives a progressive outlook for the UK’s future outside the EU.

We welcome the focus on skills and education, as it is vital that tomorrow’s workforce has the competence and capability to innovate and compete globally in high-value manufacturing and leading technology.

There is a real opportunity with the Industrial Strategy, and forthcoming 25 year Environment Plan and Carbon Emissions Reduction Plan, to set long-term economic and environmental outcomes which set the conditions to unlock investment, enhance natural capital and provide employment and export opportunities for UK business.

We will ensure that the Environment and Sustainability profession makes a positive contribution in responding to the Green Paper.”

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