Loading...
Loading...
dnv-urges-for-increased-clean-energy-investment-ahead-of-cop26
dnv-urges-for-increased-clean-energy-investment-ahead-of-cop26

DNV urges for increased clean energy investment ahead of COP26

0

To meet the Paris Agreement a ‘massive redirection’ of spending from carbon-heavy investment into clean energy is required, according to a recently released report by classification society DNV.

Recognising key players in the energy transition, the organisation stated that financiers, bankers and governments have an essential role to play to achieve a 50% reduction in emissions by 2030.

At current rates, DNV forecasts that the budget for a 1.5C ‘future’ will be exhausted in 2029 with an emission reduction of only 9%.

Numerous challenges are being faced by financiers, policymakers and energy companies including pricing the risk of multi-decade energy projects and improving the profitability of clean-energy opportunities, according to DNV’s report, ’Financing the Energy Transition’.

... to continue reading you must be subscribed

Subscribe Today

Paywall Asset Header Graphic

To access hundreds of features, subscribe today! At a time when the world is forced to go digital more than ever before just to stay connected, discover the in-depth content our subscribers receive every month by subscribing to gasworld.

Please wait...