COP30 TO SEND NEW MEMO: ENERGY TRANSITION MEANS ECONOMIC TRANSITION

Climate summit delegates will be advised to find fiscal recovery in green economic and energy transition

WITHIN two months world leaders are expected to leave the planet’s 30th international climate summit with a fresh perspective on energy transition.


Unlike 29 Conference of Parties before it, COP30 is set to refocus participants on the financial benefits of addressing climate change, as well as the economic costs of ignoring it.


It’s believed this resounding message at November’s Brazil conference will replace repeated warnings of a world approaching breaking point, in dire need of averting its fearful fate. 

Instead, dialogue at COP30 is anticipated to chime with growing global concerns and priorities around weakening economies, cost of living crises and rising unemployment.


The UN’s executive secretary of Framework Convention on Climate Change intends to convince attendees in Belem that the growth and profit they seek lies in green economic transition – with clear cut examples used to make his point.

Through COP30, Simon Stiell will illustrate “the economic growth that can be stimulated through strong climate action.”

It is anticipated that countries like Japan and China – having gained billions in investment and generated mammoth profits by embracing clean energy and green economic transition – will provide much of his case study material in Belem.

He told government officials visiting him in New York this month: “We’ve been speaking about the impacts on lives, livelihoods. It doesn’t get into other elements – the economic benefits of taking climate action and what this means in terms of jobs, food security, water security.”


But Mr Stiell will also use COP30 to highlight the economic effects of the climate crisis on countries if their national plans to meet the Paris agreement are neglected.


According to an International Chamber of Commerce report which analysed 4,000 climate-related events – from flash floods that washed away homes to drawn-out droughts that crippled farming – extreme weather cost countries $2tn globally between 2014 and 2024.


The ICC’s secretary-general John Denton reflected on the study: “Major productivity losses from extreme weather events are being felt in the here and now by the real economy.”

His views have been advanced recently by insurance industry leaders who have spelled out the consequences of coverage for climate-related risks becoming unviable and unavaiable.


Posting on his LinkedIn page, Allianz SE board member Günther Thallinger explained: “Extreme weather phenomena drive direct physical risks to all categories of human-owned assets – land, houses, roads, power lines, railways, ports, and factories. Heat and water destroy capital. Flooded homes lose value. Overheated cities become uninhabitable. Entire asset classes are degrading in real time. Entire regions are becoming uninsurable.


“If insurance is no longer available, other financial services become unavailable too. A house that cannot be insured cannot be mortgaged. No bank will issue loans for uninsurable property.

“That means no more mortgages, no new real estate development, no long-term investment, no financial stability. The financial sector as we know it ceases to function. And with it, capitalism as we know it ceases to be viable. There is no capitalism without functioning financial services.


“There is only one path forward: prevent any further increase in atmospheric energy levels. That means keeping emissions out of the atmosphere. That means burning less carbon.

“This is not about saving the planet. This is about saving the conditions under which markets, finance, and civilization itself can continue to operate.”


And while delegates at COP30 will listen to alarming economic predictions more attentively than human ones, they might also note how the global private sector’s $2tn investment in low-carbon industry last year dwarfed it $1tn one in fossil fuel.

Money talks and the UN’s executive secretary of Framework Convention on Climate Change is correct to ask COP30 delegates to look at climate change with fresh eyes.


The opportunities for economic growth and financial security that reside in green energy and economic transition remain relatively untapped.



Now, for layered reasons, is the moment for government, industry and enterprise to embrace them. 

By David Peters

By David Peters

2. Oktober 2025
Industry enters rapid growth phase as markets switch on to 2nd generation biofuel’s inherent qualities
2. Oktober 2025
A PYRE of recent allegations stacked against energy giant Drax has illuminated the importance of transparent provenance in the biomass industry. In March, a former executive claimed the company had misled over its sourcing of white wood pellets burned, as a replacement for coal at its Selby power plant. The accusation came less than one year after the firm agreed to pay Ofgem £25m for filing inadequate data on the wood it sourced as fuel – although the energy regulator found no evidence of deliberate misreporting. And three weeks ago Drax revealed it was cooperating with a further probe into “historical statements” that it made about the origin of white wood pellet fuel that it imported as an energy source for UK homes and businesses. Few companies will recognise the importance of transparent provenance in biomass fuel production more than Drax. The UK government gives Drax vast renewable energy subsidies based on the fuel it burns. As part of them, Drax has signed a stringent Contracts for Difference (CfD) agreement with the UK government to guarantee all of its pellets come from sustainable sources. It also recently unveiled its own far-reaching sustainability framework to aggregate detailed data about its supply chain. This undoubtedly came in response to well-meant concerns that some of its white wood pellets could have originated from logging firms operating in northern Canada’s old-growth primary forests. Canada possesses 25 percent of the world’s boreal forest, dense woodlands rich in biodiversity and complex eco-systems. Logging licenses are rightly difficult to acquire in the country’s provinces, and the controversial activity is already on pause in several of them. It is for all of these reasons that CoAlternative uses only the dead remains of charred wildfire timber mixed with Alberta’s forest floor debris to create its Gen2 black wood pellets. Our steam explosion treatment process converts this low-grade biomass into premium, high-density black pellets that also replace coal in power stations, but with little or no modification of plant facilities needed. Each year wildfires claim up to 20,000 sq km of forest in Alberta, near to where CoAlternative is based in its Peace River district. The fires, started most commonly by lightning strikes, provide plentiful feedstock for our steam explosion pellet plant, without any need for climate-deadly deforestation and logging. That expired feedstock is harvested, steam-exploded and compressed to create offtake with 46% greater bulk density and 24% greater energy release than any high quality Gen1 white pellet fuel – making it comparable with coal and highly viable for transportation. The product’s lower moisture content and lower ash production ensure it is low-emission and considerably cleaner and more environmentally friendly than white wood pellets, or coal. By clearing dead wildfire wood from Alberta’s boreal forest, CoAlternative’s biomass supply chain also reduces the release of decomposition methane into the Northern hemisphere – and promotes reforestation instead of deforestation. CoAlternative CEO David Peters said: “Drax deals with millions of tons of biomass every year, so it faces an enormous challenge in establishing the provenance of every wood pellet that it burns. It has made clear that it is increasing its efforts to meet that challenge. “Scrutiny of biomass supply chains is a principal part of the industry’s present and future. The practice helps to show the contribution that biomass can make to climate change reversal. “Deforestation of any primary woodland contributes to global warming. It undermines the world’s energy transition away from fossil fuels. “Put simply, the biomass industry will find it difficult to justify its existence if it relies on the felling and logging of any mature tree stock. But none need occur for the production of biomass wood pellets anyway. “Canada’s boreal biome produces ample forest floor and wildfire debris, and diseased woodland, for the production of wood pellets. “Only a steam explosion process can turn it into a black pellet biofuel product with sufficient energy density and calorific release to warrant shipment over significant distance. “That is why CoAlternative will lead the way in producing second generation black wood pellets which validate the existence of biomass fuels and contribute to our move away from burning fossil fuels.”