The UN is calling on investors and business to pump up their financing of low-carbon technologies
By Lisa Palmer
Major investors and big business met with government leaders at the United Nations recently to address the urgency of clean energy investments. Their mission? To close a huge investment gap. More specifically, the 500 investors and policymakers examined how to make a four-fold jump in current investment levels – an additional trillion dollars is needed annually to finance the low-carbon technologies that will help avoid the worst impacts of climate change.
In a report by Ceres, the non-profit focused on sustainable business practices, $1tn is needed above current levels to invest in renewable energy such as wind and solar, energy efficiency and energy smart technologies such as power storage, fuel cells, and carbon capture.
So why does the UN care what large institutional investors do with their money?
The Guardian has my complete story.