Will It Be FINE-for-EU? A Proposal for a Mechanism Funding Pan-European Green Investment to Promote the EU (Still) Meeting Its Climate Goals

A “lifeline out of the <scp>COVID</scp>‐19 crisis”? An ecofeminist critique of the European Green Deal

In Modern era, the Researchers are keenly interested in different areas of green financing projects such as green economics, green trade, green sustainable development activities, green climatic and environment quests, green investment and financial ventures, and green public policy-related topics, respectively. Owing to the lower cost of production for sustainable development, a healthy climate, and a neat environment is needed, this study is structured to build the significant relationship between various green sustainable development projects, the financial effectiveness and performance of PSX and NYSX, respectively. For this purpose, the time series data for 2000–2020 are collected from IFS, WBI, SBP, the Federal Reserve system, S&amp;DP, and the UNDP financial reports. The empirical analysis reveals the insignificant effects of green investment, financial projects, public policies, and social green projects on the financial performance of PSX, whereas the empirical modeling also attests that all the green factors significantly affect the performance of NYSX except the green economic and trading projects and renewable energy green projects, which are insignificant predictors with respect to FIP-NYSX. Moreover, the index for human development insignificantly affects the prediction of FIP-NYSX. The mixed empirical results guide policymakers, the board of PSX and NYSX, and the management of green financing companies to reconsider their policies and objectives with respect to successful green operations and the financial performance of PSX and NYSX.

Micro-Offsets and Macro-Transformation: An Inconvenient View of Climate Change Justice

Background: Climate hazards represent a substantial risk to health systems and financing, especially when they compound.&amp;#160; Building resilient and sustainable health systems requires intersectoral or co-financing arrangements that jointly support health and climate goals.&amp;#160;&amp;#160; However, it is unclear what opportunities exist for co-financing, across which financing functions, and at which health system scales.&amp;#160; We propose a framework for studying co-financing for health and climate goals which considers the degree of integration between sector funding, and whether arrangements are &amp;#8216;passive&amp;#8217;, when cross-sectoral goals are indirectly affected, or &amp;#8216;strategic&amp;#8217;, when they are pre-emptively supported to build resilience and sustainability.&amp;#160;&amp;#160; Using this framework, we describe the range of co-financing arrangements that have been used to support climate and health goals based on a rigorous evidence review.&amp;#160; We also summarize evidence on enablers and barriers to implementation, and research gaps and future priorities.&amp;#160;Methods:&amp;#160; We undertook a rigorous narrative review.&amp;#160; We identified key terms pertaining to financing and to health systems and climate goals to guide the review.&amp;#160; We then searched the international literature using Pubmed and Web of Science from 2013-2023, the websites of key health and climate agencies for grey literature and consultation with stakeholders.&amp;#160; We synthesized evidence according to our co-financing framework describing arrangements together with enablers and barriers to implementation.&amp;#160;Results: A total of 97 studies were included in the review.&amp;#160; More than half were from low-and middle-income countries, with 36 focusing on health financing for climate goals and 39 on climate finance for health goals (promotive).&amp;#160; Studies mostly addressed passive co-financing, assessing the consequences of climate inaction, including the impact on government health expenditure, health insurance and out of pocket payments. There was limited evidence of strategic co-financing or integrative co-financing. Several lessons emerged for designing effective co-financing mechanisms for health and climate needs including: 1) involving staff with climate and health sector knowledge in the design and implementation of co-financing arrangements; 2) the alignment and/or linkage of information systems across sectors; 3) clear communication and consistency of entitlements, and facilitating access to climate finance, to ensure funds target needs; and 4) flexibility in the use and allocation of funds to meet emerging needs.&amp;#160;&amp;#160;Conclusion: Co-financing is critical to filling the financing gap for health sector adaptation and achieving recent COP29 funding pledges. Our study highlights issues to consider in the design and implementation of these schemes to maximise their benefit for health systems; and draws attention to some of the limitations of specific arrangements, identifying areas for further research.&amp;#160;

Currently, the energy transition is gaining more and more importance in European energy policy. This article aims to introduce the achievements, contributions and challenges of Europe's current energy transition. The article outlines some of the main energy goals and initiatives proposed and developed by EU institutions. The EU attaches great importance to renewable energy, energy efficiency and reduction of greenhouse gas emissions (GHG), identifying them as the three ultimate supporters for achieving carbon neutrality. The EU aims to be climate neutral by 2050. However, since energy policy requires the joint efforts of EU institutions and the WTO, each WTO plays a key role in achieving the EU's goals. Differences in socio-economic and energy structures between EU WTOs lead to different speeds at which they can achieve EU targets. Taking Germany and Spain as examples, their political policies, measures and actions with regard to the energy transition are assessed. These two countries are just examples of differences in the implementation of EU energy and climate goals. The article also describes the ambitious "Green New Deal" initiative of the EU presidency. The initiative not only identifies key goals, but also safeguards Europe's commitment to the energy and climate transition. However, the plan faced major obstacles. The difference in energy level among member states in the process of energy transition may become an important factor hindering Europe from realizing the goal of energy transition. Another challenge is the opposition of some people, especially those who believe that the energy transition is designed to attract the coming economic and industrial transformation as well as harm their welfare and pose a potential threat to employment. Finally, the energy transition mentioned in this article is not only the responsibility of Spain and Germany, but also the responsibility of the entire European Union and other world economies. Only by working together to promote energy transition and build a community with a shared future for mankind can we make the world a better place. The United Kingdom (UK) also plays a major role in the European Union's (EU) energy transition ahead of its departure from the European Union in 2020. Here are some of the ways the UK is influencing the EU's energy transition:�(i) The first is renewable energy: the UK is one of the EU leaders in the deployment of renewable energy, especially offshore wind. UK expertise and investment in renewable energy helps advance the EU's renewable energy targets and develop innovative technologies for clean energy generation.�(2) The second is climate change: the UK has always been a staunch supporter of EU climate change policies, including the Paris Agreement. Its participation in the EU's efforts to reduce greenhouse gas emissions helps strengthen the EU's position as a global leader in the fight against climate change.�(iii) The third is the energy market: as an energy consumer and producer, the UK is an important participant in the EU energy market.�(iv) The fourth is energy research and innovation: the UK actively participates in EU-funded energy research and innovation projects. Its contributions to these programs help drive the development of new clean energy technologies and increase the overall effectiveness of the EU's energy transition efforts. Overall, the UK's participation in the EU's energy transition is significant, and its withdrawal poses some challenges for the EU. The impact of Brexit on the EU's energy transition is complex, and it remains to be seen how the EU will adapt to the loss of the UK's contribution to its energy policies and initiatives.�Brexit will also have some impact on the EU's energy transition, especially in the field of renewable energy. First of all, the UK is an important energy market in Europe, and Brexit will have a certain impact on the EU energy market. Second, the UK's own energy policy and future development direction will also affect the EU's energy transition. The United Kingdom has a relatively high level of development in renewable energy, and its policies may change after Brexit, such as reducing subsidies for renewable energy. This may affect the EU's progress in renewable energy, and even delay the EU's energy transition process. In addition, after Brexit, energy trade with the EU may be subject to certain restrictions, and it will take time and resources to form a new trade relationship. This may have some impact on the EU energy market and supply chain. It can be seen that the impact of Brexit on the European Union will affect the various member states of the European Union.�Brexit has brought certain uncertainties and challenges to the EU's energy transition, but at the same time there are also opportunities and potential areas of cooperation, which require the joint efforts of the EU and the UK.Finally, It can be explained how Europe's energy transition will also affect its external relations, for example with Russia, and propose how the two blocs can maintain energy relations in light of the energy transition, in particular through the conversion of natural gas into hydrogen and the storage/use of the resulting of carbon dioxide.

Kenya acknowledges the imperative of integrating green finance into its financial systems to combat climate change and promote environmental sustainability. Despite its commitment to a comprehensive green finance strategy, there remains a significant gap in understanding its actual impact. This study assesses Kenya’s National Green Finance Strategy, focusing on its effectiveness in achieving climate goals by mobilizing green investments and influencing financial institutions to adopt sustainable practices. The primary variables studied include the alignment of financial policy and institutions with green finance principles and the mobilization of green investments. Grounded in Stakeholder Theory and the Theory of Sustainable Finance, the study employs a mixed-methods approach, integrating policy analysis, stakeholder interviews, and case studies. Initial findings highlight progress in fostering green finance while exposing deficiencies in regulatory frameworks, financial inclusion, and public awareness. Although the strategy has partially mobilized green investments, financial institutions have not fully embraced green finance principles. Regression analysis demonstrated high explanatory power (R² = 0.9992, Adjusted R² = 0.9962, F-statistic = 330.8, p = 0.04121), confirming the significant role of financial and institutional resources in mobilizing green investments. Granger causality tests revealed potential temporal dependencies between investment inflows and greenhouse gas (GHG) emissions, showing significant self-causality within GHG emissions data. However, GDP and renewable energy share showed no significant effects. The study concludes that addressing gaps in regulatory frameworks, enhancing financial inclusion, and raising public awareness are critical. Implementing these recommendations could fortify Kenya’s green finance mechanisms, contribute significantly to global climate goals, and provide a model for other developing nations striving to align their financial systems with sustainability principles. By tackling these challenges, Kenya can unlock its full potential in mobilizing green investments, fostering institutional change, and driving the transition to a low-carbon economy. The study further establishes that the development of stakeholder engagement frameworks is necessary, actively engaging local governments, the community, and private investors in the design and delivery of green finance projects and ensuring participatory processes underpin the projects, a precept of Stakeholder Theory.

Financing the Paris Agreement commitments would require trillions of dollars per year, and most of that would need to come from private sources. Despite huge potential, climate finance flows remain constrained by many barriers, key among them the lack of financial viability of climate-focused projects. Despite several initiatives and innovative financing solutions to incentivize private finance—such as blended finance to leverage public finance and risk mitigation solutions to enable commercial climate investments—private investments in green projects are limited. To a large extent, the regulated financial system of banking and capital markets and the extant regulations do not align well with the goals of climate finance. A major shift is required in the existing trajectory of the current targets for climate-focused investments to be met, both by lending institutions and capital markets. One approach to addressing the concern about adequate finance for green projects focuses on factoring climate risks into investment and lending decisions (that is, into pricing and capital allocation) through banking regulation. These alternatives are discussed in this article. Another concern, the risk associated with the greening financial markets themselves, could be countered by offering a risk subsidy for banks and financial institutions that finance climate investments; this strategy would include subsidizing the cost of financing green projects through a reduction in the risk premium or capital charges of the project. Risks could be priced by using the mechanism of trading and pricing carbon emissions, and resources from a carbon tax also could be allocated to pay for the subsidy. This article discusses a structure to make a blended finance option effective. Both of these approaches—enabling regulations and blended finance to lower the cost of capital—can unlock substantial financing opportunities for climate projects. Institutional commitment is paramount to facilitate both the financing of green projects and the greening of the financial sector. <b>TOPICS:</b>ESG investing, real assets/alternative investments/private equity, risk management, legal/regulatory/public policy <b>Key Findings</b> ▪ A major shift is required in the extant regulated financial system if the current targets for climate focused investments are to be met. ▪ For greening of the financial sector, climate risks need to be factored in for pricing and capital allocation through banking regulations. ▪ A blended option, where risks are priced using carbon markets and resources from a carbon tax are used to pay for the subsidy, is proposed.

The global energy landscape is undergoing a profound transformation, marked by shifts in supply and demand dynamics, technological advancements, and evolving policy frameworks. This paper provides a comprehensive review of the economic and policy impacts shaping contemporary global energy markets. Economic forces play a pivotal role in shaping the trajectory of global energy markets. The exploration of unconventional energy sources, such as shale gas and renewable technologies, has disrupted traditional supply chains, influencing market prices and altering the geopolitical dynamics of energy-producing nations. The rise of energy-efficient technologies and the growing demand for cleaner energy sources are redefining the investment landscape, creating new opportunities and challenges for businesses, governments, and consumers alike. Policy decisions at national and international levels exert a profound influence on energy markets. The transition towards a low-carbon economy is a central theme, with governments worldwide implementing a variety of regulatory frameworks, incentives, and penalties to encourage sustainable energy practices. This paper explores the effectiveness and implications of these policies, examining their impact on market competitiveness, innovation, and global cooperation in addressing climate change. The interplay between economic and policy factors is evident in the ongoing energy transition. As countries strive to meet their climate goals, the paper delves into the intricacies of energy market dynamics, analyzing the role of government interventions in fostering innovation, promoting energy security, and addressing socio-economic disparities. Furthermore, the paper highlights the interconnectedness of global energy markets, emphasizing the importance of international collaboration in achieving a sustainable and resilient energy future. By providing a nuanced understanding of the economic and policy influences on global energy markets, this review aims to guide stakeholders in navigating the complexities of an evolving energy landscape.

Green energy projects contribute to sustainable economic development of countries with the employment of environmentally friendly energy production strategies. However, environmental priorities should be examined for this situation. Therefore, priority analysis should be executed for the environmental issues while implementing green investment projects. Accordingly, this study aims at proposing a unique decision-making model based on orthopair fuzzy sets and the golden cut degrees for the environmental priorities of green project investments. The main novelty of the study stems from its proposed integrated model by equipping the Multi-SWARA, and TOPSIS based on the q-ROFSs technique with the golden cut. A set of criteria is identified for measuring the green projects’ environmental priorities while several project alternatives are also determined with the supporting literature. Appropriately, the extensions of Multi-SWARA and TOPSIS methods have been applied for weighting and ranking the factors, respectively, in the integrated approach. Additionally, a comparative evaluation is performed with the help of VIKOR method to rank the alternatives. Besides, the sensitivity analysis is applied to illustrate the coherency of the weighting results in the decision-making approach. Accordingly, 5 cases are considered to measure the effects of changing weight results. It is defined that this model is coherent and could be extended for further studies. It is concluded that the reduction of emissions is the most essential item for the environmental priorities of green project investments. Pollution control, waste management and eco-friendly transportation activities are the most critical alternatives. Therefore, this study recommends that investors of green projects should prioritize the strategies of minimizing carbon emissions problem. In this context, investing in renewable energy technologies will help green project investors solve this problem.

Purpose The climate change crisis is putting pressure on high-polluting companies to reduce greenhouse gas (GHG) emissions, which often requires significant investments. This study aims to propose a framework for companies to reduce their GHG emissions while enhancing their financial performance. Design/methodology/approach A case study approach examines four South Korean listed companies in high GHG-emission sectors, identifying their GHG reduction activities. Based on the findings, a new framework has been developed and applied to two other companies to test its practicability and effectiveness. Findings Enhanced corporate governance can align with sustainable goals of mitigating GHG emissions. Direct emissions (Scope 1) can be reduced by improving manufacturing processes, while indirect emissions (Scope 2) can be lowered with increased use of renewable energy. Cost reductions can be achieved through production optimization and using byproducts as inputs for other industries. Revenue growth can be achieved by promoting energy-efficient products, engaging customers in environmental initiatives and recycling materials. Originality/value This study introduces a comprehensive and practical framework for companies, particularly those in high-polluting sectors, to develop effective strategies that address climate change while improving financial outcomes. The framework presents a win-win approach for reducing GHG emissions and enhancing financial performance.

The process of estimating the carbon footprint (CF) has become a key method for managing greenhouse gas (GHG) emissions, guiding strategies for emission reduction and validating those strategies. Given the complexity of quantifying total lifecycle emissions in residential buildings, this study delves into assessing the CF focusing on water and electricity consumption in two types of residential buildings: mainly residential villas and residential flats. This assessment was carried out in Doha City, Qatar, using data on water and electricity consumption from 2017 to 2020. The study employs the Multi-Regional Input-Output Life Cycle Assessment (MRIO-LCA) model to calculate and convert the water and electricity consumption data into the CF of these buildings. Further, the study employs various methods for statistical and spatial statistical analysis of CF emissions, including geographically weighted regression (GWR), Ordinary Least Squares (OLS), and hotspot and cold spot assessments. The annual electricity CF emissions from these buildings are approximately 7 MtCO2 equivalent, with residential villas contributing about 83% of this total. Concurrently, the annual average water CF in residential buildings is around 0.06 MtCO2 equivalent, predominantly attributed to villas. The findings highlight the substantial impact of residential structures, particularly villas, on the city's overall CF emissions. Furthermore, the findings underscore the significant impact of residential structures, especially villas, on Doha's CF emissions, revealing a marked seasonal increase, particularly during the summer months and a notable spike in 2020. The spatial analysis of CF emissions reveals consistent spatial clustering patterns across different seasons in 2020. Elevated CF emissions from villas are concentrated in Doha's central, northern, and northeastern regions, while cold spots are predominantly in the eastern and southern areas. Understanding CF in residential settings is crucial for developing strategies to reduce emissions, enhance energy efficiency, and address climate change. This research helps inform targeted interventions for more sustainable residential energy and water use, aligning with broader environmental and climate goals.

Strategic analysis for advancing Morocco's nuclear infrastructure using PESTELE framework

Can United Nations peace operations improve their effectiveness and strengthen longer-term positive legacies in host nations by shifting to greater use of renewable energy? Since the end of the Cold War and the growth of modern UN peace operations, attention has been focused on the missions’ mandate of supporting political strategies for peace and core objectives such as protecting civilians. Could missions better meet their mandate with improved energy options and reduced emissions, or is there a trade-off with the core objectives? As the missions are nearly fully dependent on diesel generators to power their operations, what is the UN’s responsibility to reduce emissions at a time when addressing climate change is a priority of the UN Secretary-General? Is there an ethical case to make for the UN to support greater use of renewable energy where it operates? And could the UN partner with host nations and others to support a shift in energy use that benefits the communities that host peace operations? This essay argues that missions could reduce their emissions and leverage their energy needs to increase security, strengthen ties to local communities, increase energy access, and support the climate goals of host nations. Drawing on case studies in recent peacekeeping missions and the author’s review of UN commitments across mandates, the Sustainable Development Goals, peacebuilding, and climate goals, this essay will address this area of potential innovation that can help build a positive legacy for UN missions and countries emerging from conflict.

Problem setting. The article highlights the topical problems of the EU’s dependence on the supply of energy resources from Russia against the background of military aggression towards Ukraine and substantiates the importance of overcoming such dependence. Analysis of resent researches and publications. A considerable number of scientific papers published in recent years shows that the issues of energy security and legal support of cooperation between the EU Member States in the energy sector have often been studied by Ukrainian and foreign scientists both lawyers and economists. Currently, in legal and economic doctrines, the sphere of energy relations and, in particular, energy security is most often associated with the names of S. D. Bilotskyi, T. A. Grabovych, R. R. Dubas, M. V. Muzychenko, M. Roggenkamp, K. Talus, P. D. Cameron and others. The war in Ukraine has significantly intensified attempts to maintain a proper state of energy security in Europe and, accordingly, scientific developments in this sphere. Аrticle’s main body. The invasion in Ukraine significantly sway the state of energy security of the EU member states and the entire European continent in general. This, in turn, activated the process of developing a new and improving the existing EU legal framework in the energy sector in the shortest possible time. The author analyzes a set of EU legislative initiatives aimed at helping member states to get through the heating season without large-scale upheavals. From the proposals of the European Commission analyzed by the author, it can be seen that the provisions of the REPowerEU transformation plan, which provides for the use of ecologically clean energy for the needs of the EU, can make a significant contribution to overcoming European energy dependence on Russia. The author comes to the conclusion, that economically effective, rapid and wide-range development of sustainable renewable energy in accordance with the theses of the European Green Deal and the REPowerEU communication can’t be attained by states-members independently. Certainly, that leveling of negative consequences is impossible without effective co-ordination and association of actions of all EU member states. Last decades power politics is the central point of foreign policy of EU and now comes forward as a source of many spores that prevent to the attempts of EU to put right strategic relationships with the neighbours and suppliers of energy. Therefore, research of problems of dependence on the third countries and search of ways of their decision answer the major necessities of contemporaneity and has a substantial value for further development of the EU energy sector. It is concluded that such a set of measures will certainly be accompanied by consequences of an economic nature in the budgetary sphere, in investment policy, the structure of industry production, in the sphere of amortization expenses, price policy and taxation, etc. Conclusions and prospects for the development. The challenges and uncertainties facing the European energy system are the biggest in almost fifty years, since the great energy crises of the 1970s, and therefore the set of measures to overcome the consequences of the war in Ukraine for the EU energy sector is unprecedented. Cost-effective, rapid and large-scale deployment of sustainable renewable energy in line with the provisions of the European Green Deal and the REPowerEU Communication cannot be achieved by Member States on their own. Taking into account the different energy policies between Member States, action at EU level, backed by a robust governance structure, is more likely to achieve the EU’s climate goals and will require a greater deployment of renewables than national or local measures alone. Further measures could also include regulation of gas supply in the form of improved coordination of gas procurement and promotion of joint purchases by European gas market operators on the international market. Furthermore, it would be advisable to consider over time legislative measures to require diversification of gas supplies from individual Member States that have had such experience in the past. Particular attention should also be paid to improving the energy partnership with Ukraine. This would address the issues related to the importance of Ukraine as a transit country as well as those related to the reforms of the Ukrainian energy market, such as the modernisation of the gas network, the establishment of an appropriate regulatory framework for the electricity market and the improvement of energy efficiency in Ukraine as a means of reducing its dependence on imported energy. In the near future, the intention is to strengthen cooperation in the energy sector with the Energy Community, which will ensure closer integration of the EU and Energy Community energy markets, effective implementation of the EU environmental policy and stimulate investments in the energy sector.

Determinants of Project Finance success for renewable energy