2022 was a busy year for the climate movement with peaks and troughs throughout. We saw economic volatility and war in Europe change our reliance on fossil fuels. We saw successful and unsuccessful summits, talks and conferences, bringing us 'loss and damage finance', fossil fuel lobbyists and commitments to protect biodiversity. We saw seriously questionable behaviour by governments and big business as greenwashing spreads and green commitments fall by the wayside. Importantly, we also experienced moments of sheer joy through positive developments in areas ranging from technology to rewilding, to seeing a gradual shift in public awareness of the climate crisis. As the festive season drew to a close and we stepped into a new year once again full of hope for what could be achieved it is important that we take a moment to look back and remind ourselves of those moments which have shaped sustainable finance moving into 2023.

Today the sight of solar panels on the roofs of homes, universities and even businesses is becoming increasingly common. Yet, many remain confused by how solar panels work and continue to feel discouraged from introducing them into their energy supply chain due to the high price tag associated with installation. Uptake has been gradual, and their effectiveness remains questionable in countries such as the UK where temperamental weather patterns are at play. However, in nations and regions that experience steady sunshine solar panels can provide green energy, sustainable jobs, additional income from power sold back into the national grid, and access to electricity for remote communities who were previously living off grid.

Change. There is nothing more intrinsic to the existence of humanity and the planet we live on as change. Yet, such a short word conveys not only that strange and unsettling mixture of emotions one feels when hearing it but is also used to translate into language the way time interacts with human society and the natural world. Today, we face change on an unprecedented scale, but this change is not one we can afford to be fearful of, nor can we afford ourselves the time to become accustomed to such rapid changes. Instead, we must be bold, we must take action and we must embrace changes in every facet of our lives, from the food on our plates, to the way that we travel, and to the items we pick off the shelves. In governance and policy, the changes will need to be yet more extensive with restructuring required at every level and in every sector to ensure that our planet has a future.

Cop26 has proven, once again, to be a disappointment for Small Island Developing States (SIDS). As leaders, politicians and activists convened in Glasgow (UK) for the United Nations Climate Change Conference the initial utopian images of green energy, reduced plastic and a world dedicated to stopping the oncoming crisis morphed into a less promising picture. For those in the know, the inner political cogs had been whirring for some time and not all for the benefit of the climate…

This article will explore the renewable energy sector in the Azores as Portugal looks to take the lead many countries in valuable renewable sources for electricity production.