Pulling the world back from the brink of catastrophic climate change cannot be done for free. Changing the way the world is powered means big spending — and huge investment opportunities — as new clean energy infrastructure is built across the world. And that’s catching the attention of the global financial community. This week, […]
Paris Climate Deal Seen Costing $12.1 Trillion Over 25 Years
If the world is serious about halting the worst effects of global warming, the renewable energy industry will require $12.1 trillion of investment over the next quarter century, or about 75 percent more than current projections show for its growth. That’s the conclusion of a report setting out the scale of the challenge facing policymakers as […]
New report: $12.1 trillion must be invested in new renewable power generation over next 25 years to limit climate change
To reach the level of investment in new renewable power generation needed to avert dangerous climate change, $12.1 trillion of investment will be needed over the next 25 years, which is $5.2 trillion above business-as-usual projections, a new report by Ceres and Bloomberg New Energy Finance concludes. “Clean energy investment is poised for rapid growth,” […]
The One Thing We Still Need in Order to Get to a Low-Carbon Economy
The global clean energy industry has plenty of reasons to feel good these days. First, there was last month’s historic COP 21 Paris climate agreement, forged by 195 countries, which eclipsed most people’s expectations in its breadth and scope toward achieving a low-carbon economy. Then, the U.S. Congress approved a five-year extension of wind and […]
500 Global Investors Managing Trillions Mobilize Action in Wake of Paris Climate Agreement
On the heels of the historic international climate agreement in Paris, more than 500 global investors gathered today at the United Nations to begin mobilizing the trillions of dollars needed to catalyze the global clean energy transition. Speaking just days after scientists confirmed that 2015 was the hottest year on record, UN Secretary-General Ban Ki-moon […]
Investors Have A Big Opportunity for Accelerating Clean Energy
Those gathering at the UN in New York on Wednesday for the biennial Investor Summit on Climate Risk are facing a new world and a new reality. The Paris global climate agreement, inked in December, has confirmed that every nation is now on an irreversible path to a low — perhaps even zero — carbon economy. The […]
