Mapping the gap: the road from Paris
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26/01/2016
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Ceres
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. Clean energy investment is poised for rapid growth, wrote the report authors, citing the cost competitiveness of renewables such as solar and wind and escalating investor interest in financing climate solutions. While the scale of this new investment opportunity is massive, it is dwarfed by the capacity of global financial markets to unleash the needed investment. The report Mapping the Gap: The Road From Paris, presented by Bloomberg New Energy Finance (BNEF) at the 2016 Investor Summit on Climate Risk hosted by Ceres, shows the opportunities and challenges of filling the ‘gap’ between the business-as-usual (BAU) investment in renewable energy and what is needed to avoid the worst effects of climate change.