The International Energy Agency (IEA) has urged world countries to drive a doubling of renewable investment this decade, helping reverse a flatlining aggravated by the COVID-19 outbreak.
Latest research has shown that new investment in wind, solar, and other clean energy projects in developing nations dropped sharply in 2018, largely due to a slowdown in China.
Joint projects worth $27.6 billion are heavily skewed toward fossil fuels and extractives.
The news this month that the world’s largest banks still heavily finance fossil fuels, failed to respond to climate risks, and have yet to make substantial commitments to sustainable development hit hard. If they’re not going to finance the transition to a sustainable world, it’s not clear who would.
Read more: https://www.cnbc.com/2018/02/23/cost-not-climate-is-driving-transition-to-renewables-blackrocks-jim-barry.html
Read more: https://www.adb.org/sites/default/files/publication/356466/nepal-energy-assessment-road-map.pdf
Read more: http://www.iea.org/bookshop/759-World_Energy_Investment_2017
Read more: https://www.iea.org/publications/freepublications/publication/WEI2016.pdf