Subscribe to our free daily newsletters
  Space Travel News  




Subscribe to our free daily newsletters



ENERGY NEWS
ADB: New finance model needed for low-carbon shift in Asia
by Daniel J. Graeber
Washington (UPI) Aug 29, 2017


A new way to finance the shift to low-carbon and sustainable development is necessary to support the rapid change in Asian economies, a regional lender said.

The Asian Development Bank called for a so-called Green Finance Catalyzing Facility, which would be different from a fund in that it would include a blend of financing from the private sector. The bank, which has its headquarters in Manila, said mobilizing new capital streams from the private sector could be used to offset some of the risks from other types of financing,

"The private sector, regarded as a critical contributor to meeting the region's development financing needs, would have to contribute over 50 percent of required green investments in many countries," the bank said.

The ADB said its call for a new financing mechanism comes as its member states face a persistent shortfall in investments. By the bank's estimates, member states are short by more than $1.7 trillion annually when considering costs associated with climate change mitigation.

With many of the low-lying Pacific Islands facing the earliest risks from the impacts of climate change, the ADB found that, if left unchecked, climate change could lead to the loss of about $52 billion per year for regional economies.

Earlier this month, the ADB and the Green Climate Fund signed an agreement that gave the development bank access to the climate funds. Established in 1966, the ADB aims to reduce poverty in the Asia-Pacific region and stimulate sustainable economic growth. The climate fund was set up in 2010 in order to steer finances toward development that would limit regional greenhouse gas emissions.

With rising protectionism from advanced economies like the United States, the economies in the Asia-Pacific are expected to take up the mantle as a means to buffer against the impacts of global policy shifts.

"A paradigm shift in infrastructure planning and design is an imperative for dynamically changing Asia," Bambang Susantono, an ADB vice president for sustainable development, said in a statement. "The choice that Asia makes in bridging infrastructure gaps will have profound implications for its people and the planet."

ENERGY NEWS
Power demand to peak in Europe summers, not winters: study
Miami (AFP) Aug 28, 2017
By century's end, climate change will likely shift the peak demand for electricity in Europe from the winters to the summers, as more people use air conditioning to stay cool, researchers said Monday. Understanding how demand for power will change in the coming decades as the planet warms is crucial in the 35 countries of Europe, which makes up the world's third largest electricity market. ... read more

Related Links



Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.

SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only

Comment using your Disqus, Facebook, Google or Twitter login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

ENERGY NEWS
ENERGY NEWS
For Moratorium on Sending Commands to Mars, Blame the Sun

Tributes to wetter times on Mars

Opportunity will spend three weeks at current location due to Solar Conjunction

Curiosity Mars Rover Begins Study of Ridge Destination

ENERGY NEWS
Call For Ideas For Research On The Deep Space Gateway

Analysis of a 'rusty' lunar rock suggests the moon's interior is dry

Roscosmos Approves Luna-25 Space Station Model in Moon Exploration Project

Moon's magnetic field lasted far longer than once believed

ENERGY NEWS
New Horizons Video Soars over Pluto's Majestic Mountains and Icy Plains

Juno spots Jupiter's Great Red Spot

New evidence in support of the Planet Nine hypothesis

Scientists probe Neptune's depths to reveal secrets of icy planets

ENERGY NEWS
A New Search for Extrasolar Planets from the Arecibo Observatory

Gulf of Mexico tube worm is one of the longest-living animals in the world

Molecular Outflow Launched Beyond Disk Around Young Star

Scientists take first snapshots of a molecular propeller that runs at 100 degrees Celsius

ENERGY NEWS
ISRO Develops Ship-Based Antenna System to Track Satellite Launches

Falcon 9 launches from Vandenberg

SpaceX launches Taiwan's first home-built satellite

Indian Space Agency, Israeli counterpart to formalize strategic collaborations

ENERGY NEWS
ESA and Chinese astronauts train together

To boldly go where no startup has gone before

China's satellite sends unbreakable cipher from space

Xian Satellite Control Center resolves over 10 major satellite faults in 50 years

ENERGY NEWS
NASA's asteroid sample return mission successfully adjusts course

Phoenicid meteor shower from dead comet arises again after 58 years

Dino-killing asteroid could have thrust Earth into 2 years of darkness

Large asteroid to safely pass Earth on September 1




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News






The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement