SOURCE:Justmeans
SUMMARY:
"Investing in clean energy makes economic sense—every additional dollar invested can generate three dollars in future fuel savings by 2050." -- International Energy Agency
DESCRIPTION:
Two degrees Celsius. It seems like such a minuscule amount. But if the average global surface temperature rises more than that, say scientists, the worst effects of climate change will be upon us and more importantly, irreversible. At the 2008 G8 summit, world leaders agreed to this sobering assessment, but frustratingly have not arrived at a legally binding climate deal.
The world's political leaders know what they need to do, and so does the green investment community. In order to limit global warming to 2 degrees, according to the International Energy Agency (IEA), "investments in low-carbon energy technologies will need to at least double," reaching USD 500 billion annually by 2020, and then double again to USD 1 trillion by 2030.
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KEYWORDS: Clean Energy, Green Bonds, International Energy Agency, Justmeans, climate change
