Mobilizing climate finance for climate change mitigation is a crucial part of meeting the ‘well-below’ 2°C goal of the Paris Agreement. Climate finance refers to investments specifically in climate change mitigation and adaptation activities, which involve public finance and the leveraging of private finance. A large proportion of climate finance is Official Development Assistance (ODA) from OECD countries to ODA-eligible countries. The evidence shows that the largest proportion of climate finance for climate change mitigation has been channelled to the development of renewable energy, with a much smaller proportion flowing to other crucial forms of clean energy-related measures, such as demand-side management (DSM) (particularly sustainable cooling) and carbon capture, usage and storage (CCUS). This forms the rationale and aim of this synthesis paper: to review the role of climate finance to develop clean energy beyond renewables. In doing so, the paper draws on practical policy and programme experiences of some donor countries, such as the UK, and Development Finance Institutions (DFIs). This paper argues that a greater amount of climate finance from OECD countries to ODA-eligible fossil fuel-intensive emerging economies and developing countries is required for sustainable cooling and CCUS, particularly in the form of technical assistance and clean energy innovation.

Occupancy patterns are necessary to estimate energy demand and evaluate thermal comfort in households. Because of this, many European countries are developing representative domestic schedules to replace outdated criteria. This paper evaluates the state of knowledge of UK domestic occupancy patterns and develops new domestic occupancy profiles for England. The presented research (1) characterizes methods for collecting occupancy data and inferring patterns; (2) identifies and assesses the quality of categories of occupancy patterns used in building simulation; and (3) develops updated occupancy profiles. A systematic scoping review identified social and monitoring surveys as the most deployed data-collection methods. A systematic literature review also established that the occupancy categories most frequently used in UK building simulation are (a) a family with dependent children where the parents work full time; and (b) a retired elderly couple who spend most of their time indoors. The interview sample from the English Housing Survey 2014–15 was used to map household typologies. Results show that categories (a) and (b) combined amount to only 19% of England’s households, which suggest models are over-reliant on these groups. Considering this result, the paper develops occupancy patterns for England derived from 2015 UK Time Use Survey diaries for each household typology previously identified.

Purpose: Framed within global policy debates over the need for private financial flows to align with the capital requirements of the Paris Agreement, this paper examines UK asset managers in their approaches to disclosing and managing climate risk. This paper identifies and evaluates climate risk management practices among this under-researched investor group in their capacity to address fundamental behavioural obstacles to low-carbon investment. Design/methodology/approach: This paper takes an inductive approach to document analysis, applying content and thematic analysis to the annual disclosures of the 28 largest UK asset managers (by assets under management), including the investment management arms of insurance and pension companies. Findings: The main takeaway from this research is that today’s climate risk management strategies hold potential to effectively address traditionally climate risk-averse investor behaviour and investment processes in the UK asset management context. However, this research finds that the use of environmental, social and governance (ESG) investment strategies to mitigate climate risks is a “grey area” in which climate risk management practices are undefined within broad sustainability and responsible investment agendas. In doing so, this paper invites further research into the extent to which climate risks are considered in ESG investment. Originality/value: This paper contributes to research in sustainable finance and behavioural finance, by identifying the latest climate risk management techniques used among UK-headquartered asset managers and uniquely evaluating these in their capacity to address barriers to low-carbon investment arising from organisational behaviours and processes.

Demand-side management (DSM) policy refers to government policies for managing energy consumption in order to meet environmental and energy security objectives. The broader term of demand-side management encompasses energy efficiency, demand response and on-site generation and storage. A comprehensive meta-evaluation of the global evidence base for demand-side policy is lacking in the literature, and this paper contributes to filling this research gap. The paper focuses on the quality of the evidence base and policy implementation patterns and identifies 30 countries and 36 sub-national states across six continents that have implemented demand-side management policies and produced high-quality ex-post evaluations of those policies. The 690 high-quality evaluations are primarily conducted by industry rather than by governments or academia. The results show that 12 types of individual demand-side management policy and 9 demand-side management policy packages have been implemented and evaluated, and that carbon emissions reduction is the primary driver for demand-side management policies. The evidence base is greatest in the USA, the UK, California, France and China, and alternative utility business models (such as performance targets and decoupling policies), information campaigns, loans and subsidies, utility obligations and performance standards are the most commonly implemented and evaluated policies. This paper argues that demand-side policy will play an increasingly important role as a complement to low carbon activities on the supply-side in the transition to a more environmentally sustainable energy system.

Small-to-medium-sized enterprises (SMEs) make up 99% of businesses and contribute 13% of energy demand globally. However, much of the demand-side energy research and policy attention to date has focused on the domestic, large commercial and industrial sectors. Previous research on SMEs has primarily concentrated on the drivers and barriers to the adoption of energy efficiency measures. However, less attention has been given to other areas of demand-side management in SMEs, such as the role of ‘smart’ technologies and micro-generation. The paper aims to contribute to filling this gap. To analyse the potential of smart technologies in UK SMEs, a quantitative model is developed to assess seven categories of smart technologies in ten non-domestic sectors. Overall, the results suggest that smart technologies within the UK SME market offer significant estimated annual energy savings potential of ~£8.6 billion against an estimated energy spend of ~£49.7 billion (representing ~17% savings potential on energy expenditures). From the smart technology categories examined, fleet management, integrated building management systems and smart meters have the potential to offer the greatest energy savings to SMEs, providing estimated total energy savings of ~£7.5 billion annually. To analyse the potential of micro-generation in UK SMEs, interview-based qualitative research was undertaken with 17 SMEs to explore the drivers and barriers to its adoption. The research found that the initial costs, technical feasibility and planning permission on historical buildings were the main barriers, and that the ‘green’ marketing potential of micro-generation, coupled with ethical reasons and feed-in tariffs, were the main drivers.