Net zero could provide a £350 billion investment opportunity for the energy sector, releasing untapped private capital. A new report from Lane Clark & Peacock’s (LCP) Energy Analytics said if the UK is to become net carbon neutral by 2050, investment and deployment of clean energy technology will need to scale up, presenting a significant opportunity for private capital. Aligning the Stars: Asset owners and energy investment toward net zero, stated that £12 billion per year will need to be invested in existing technologies including wind, solar and battery storage and nascent technologies such as hydrogen every year for the next 30 years.
Current 2nd March 2021 read more »
Citigroup has become the latest major investment bank to commit to net zero financed emissions, after its brand new chief executive announced plans to reduce the emissions of the bank’s operations and investments to net zero by 2050. CEO Jane Fraser announced the decarbonisation drive on her first day at the helm of the US bank earlier this week, emphasising that major financiers had a critical role to play in meeting global climate goals and delivering a net zero emission global economy.
Business Green 3rd March 2021 read more »