'Not a cost, but a choice': How redirecting the $6tr earmarked for new fossil fuel projects could fill the clean power investment gap

Michael Holder
clock • 6 min read
Credit: iStock
Image:

Credit: iStock

New research warns around $2tr investment each year - double current trends - is needed to deliver on the COP28 goal of tripling global renewables capacity by 2030

The world needs to double its annual investment in renewables to $2tr a year throughout the remainder of the decade if it is to triple global renewables capacity by 2030, as agreed by governments at last...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose from 3 paid membership levels or start a 7-day no strings trial.

Join nowTry 7 day trial

 

Already a BusinessGreen member?

Login

More on Investment

Investment Association launches guidance on FCA sustainability rules

Investment Association launches guidance on FCA sustainability rules

Investment manager trade body creates Q&A-style guide to help industry implement new sustainable disclosure rules and investment labels regime

Stuart Stone
clock 10 May 2024 • 3 min read
Rio Tinto's AGM highlighted the power of shareholder activism

Rio Tinto's AGM highlighted the power of shareholder activism

An activist investor reflects on a 'moving' and 'humbling' annual general meeting dominated by ESG-related enquiries

Louisiana Salge, EQ Investors
clock 09 May 2024 • 3 min read
Green Finance Institute launches green mortgage training programme

Green Finance Institute launches green mortgage training programme

New certificate aims to help accelerate roll out of green mortgages that promise to boost rate of green home improvements

James Murray
clock 09 May 2024 • 3 min read