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Investment in renewable energy needs to quadruple by 2030

By Alastair Marsh

06 Oct 2022 · 1 min read

Editor's Note

In this article, we discover how comparing investment in renewable energy with investment in fossil fuels can offer institutions insights that may inform their financial activities.

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, according to research from BloombergNEF.

Currently, about 90 cents goes to low-carbon energy sources for every $1 put toward fossil fuels. That ratio needs to change dramatically by 2030, with an average $4 invested in renewables for every $1 allocated to high-polluting energy supplies, analysts at BNEF said. For context, that ratio has never before crossed the 1:1 mark.

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