Clean energy investment must accelerate
Paris-compliant transition needs massive redirection of capital – DNV
Financiers face multiple challenges as they tackle high-risk, low-return clean energy projects, report says
The goals of the Paris Agreement are achievable but will require flows of capital to be significantly redirected, according to a new report by risk management company DNV. Analysis by the IEA shows that spending on clean energy needs to increase to at least $1tn/yr if the energy transition is to be achieved. An acceleration of the current pace of transition is critical because the world is on track to exhaust its carbon budget—the maximum amount of CO₂ it can emit in order to stand a 67pc chance of meeting the Paris Agreement goals—by as early as 2029, according to the DNV report. “A Paris Agreement-compliant transition is achievable, but it won't happen by itself or by accident. A massive r
Also in this section
24 January 2025
Progress on the energy transition has slowed or even stopped, with greater societal engagement we can revitalise it
23 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised
21 January 2025
The new president must put his cards on the table and tell the American people, and the world, if the US is formally abandoning the energy transition
14 January 2025
Bioenergy will be a key part of the energy transition as the world decarbonises, and Brazil is set to be a major player in the sector
