NewEnergyNews: THE GOOD MONEY IN THE CLIMATE FIGHT

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    Friday, February 06, 2015

    THE GOOD MONEY IN THE CLIMATE FIGHT

    It might seem unethical but someone has to get rich fighting climate change; While the moral arguments for climate change are important, achieving change fast enough might mean we must make some bankers rich

    Gabrielle Kuiper, 4 February 2015 (The Guardian)

    “…Pundits are beginning to put their cases as to whether the Paris summit in December will ‘save the earth,’ or will end up as another Copenhagen, as in 2009 when massive anticipation resulted in inevitable post-conference disappointment…Like it or loathe it, it’s now about the money. Cost curves, China, India, bankers, entrepreneurs and the concept of ‘loss and damage,’ in other words, financial risk versus opportunity, are now more important to what is happening to try and prevent irreversible climate change than any of the technical details of the negotiations…At a global level, the dramatically positive positions of solar and wind on their respective cost curves mean that the $310bn invested in clean energy last year paid for almost twice the clean electricity capacity compared with three years ago…Forward-thinking banks have been investing on this rising tide…Reducing climate change mitigation to a financial conversation might be abhorrent to Naomi Klein, but unless financial institutions can see a way of making a dollar, then we are not going to make the change as fast as needed…” click here for more

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