Big Money Coming To Global New Energy

Investment in Renewable Energy Needs to Quadruple by 2030; Analysts at BloombergNEF estimate that funding for low-carbon energy sources must rise to $4 for every $1 allocated to fossil fuels.

Alastair Marsh, October 6, 2022 (Bloomberg News)

“To reach net-zero emissions by 2050 and limit global warming to 1.5C, investment in renewable energy sources needs to surpass finance flows to fossil fuels by a factor of four over the next decade…Currently, about 90 cents goes to low-carbon energy sources for every $1 put toward fossil fuels…[By 2030, an average $4 must be] invested in renewables for every $1 allocated to high-polluting energy supplies…[T]hat ratio has never before crossed the 1:1 mark…[D]ecarbonization of the global economy is an undertaking with few parallels in modern history. Investment in the global energy system may climb to as much as $114.4 trillion by 2050, as dollars pour into renewable energy sources including wind and solar…” click here for more

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