Clean Trillion Blog
As part of a new Q&A series from our Clean Trillion campaign, we discussed clean energy investing with Nancy Pfund, founder and managing partner of DBL Partners.
The signing of the Paris Agreement has provided a fresh boost of momentum to the Ceres Clean Trillion campaign. Investors are now positioning themselves to capture the opportunities of the low-carbon, clean energy future, and manage the risks of continued reliance on high-carbon energy resources such as coal, oil and gas.
As the world begins implementing the Paris climate agreement, government, business, investor and civil society leaders alike are asking a crucial question: What are the most important tools that can be deployed to accelerate the shift in investment from high-carbon fossil fuels to clean energy?
The 500 investors with $22 trillion in assets that joined forces at the Investor Summit in January heard a clear message: the Paris climate talks were not an end point, but rather a turning point. Now that all world governments have agreed on a universal, flexible and durable climate change agreement, the stage is set like never before for a massive expansion of investment clean energy worldwide.
Morocco has set ambitious renewable energy goals and dropped all fossil fuel subsidies. It opened up the electric power sector to private companies and made long-term guarantees that the state will buy large amounts of power being generated.
New report: $12.1 trillion must be invested in new renewable power generation over next 25 years to limit climate change
To reach the level of investment in new renewable power generation needed to avert dangerous climate change, $12.1 trillion of investment will be needed over the next 25 years, which is $5.2 trillion above business-as-usual projections, a new report by Ceres and Bloomberg New Energy Finance concludes.
The United Nations urged global business leaders on Wednesday to double investment in wind and solar energy to $600bn a year by 2020. Business leaders were challenged to act decisively to hasten the transition away from the fossil fuel economy.
Those gathering at the UN in New York on Wednesday for the biennial Investor Summit on Climate Risk are facing a new world and a new reality. The Paris climate agreement has confirmed that every nation is now on an irreversible path to a low -- perhaps even zero -- carbon economy. The challenge now is not the certainty, the direction or the ultimate destination of this transformation: it is the speed and how to scale up the opportunities.
The Paris climate agreement adopted by 195 nations last month provides fresh momentum for achieving the Clean Trillion campaign goal of mobilizing an additional $1 trillion investment per year in clean energy in order to stabilize the climate.
The UN climate conference now underway in Paris represents a critical opportunity to limit the risks of climate change and accelerate the shift to clean energy. That’s why Ceres and leading investors and businesses are in Paris making the economic case for a strong global climate agreement.
More Investors and Businesses Than Ever Before Are Tackling Climate Change, And Governments Are Acting Too
Hundreds of investors, businesses, and governments have recently announced major new commitments to tackle climate change, adding a fresh boost to efforts to expand investment in clean energy by an additional $1 trillion per year – the Clean Trillion.
World leaders announced significant new commitments on climate change in June, providing a major boost to the Clean Trillion campaign’s goal of expanding investment in clean energy by an additional $1 trillion per year.
In the past few weeks the Clean Trillion campaign to expand investment in clean energy and curb fossil fuel investments has picked up fresh, palpable momentum.
Why Investors are Essential to Tackling Climate Change – and How They Can Seize the Clean Trillion Opportunity
There’s a lot that investors can do to help tackle climate change. Investment opportunities abound as the world shifts from fossil fuels to clean energy. But cutting through the clutter to understand exactly what those opportunities are and how to go about capitalizing on them can be a challenge for investors both large and small.
Knowing that we need an additional trillion dollars per year in clean energy might sound daunting at first – but several developments in recent weeks show that not only is this goal within our grasp, but also that some of the biggest capital market actors now see the economic opportunities of investing in the Clean Trillion.
At the start of the New Year there is hopeful news on climate change and clean energy, but also an urgent challenge. The hopeful news: clean energy investment jumped 16% in 2014 to near its all-time high. The urgent challenge: to accelerate progress and expand clean energy investment to the levels needed to tackle climate change.
As governments gather for U.N. climate talks in Lima, there is growing evidence that policymakers have a critical role to play in scaling up investment in clean energy to the levels needed to tackle climate change.
The most significant climate change development this month was the Intergovernmental Panel on Climate Change (IPCC) Synthesis Report issued on November 2. To limit warming to 2 degrees Celsius, the IPCC report states clearly, the world needs to make a rapid shift from fossil fuels to clean energy.
The global movement to tackle climate change feels palpably bigger, stronger, and broader than ever before. This year, Climate Week felt like a tipping point, what Malcolm Gladwell defined as “the moment of critical mass, the threshold, the boiling point.”
To avoid the worst impacts of climate change, the world needs to invest $44 trillion in clean energy by 2050 – an average of $1.2 trillion per year for the next 36 years. We have a long way to go to achieve the Clean Trillion goal, however, there are several signs of progress.