Investment in renewables has the potential to deliver the triple benefit of energy access, lowering global carbon emissions and making a profit, according to a new report by Christian Aid. Christian Aid’s Senior Climate Advisor, Fran Witt, said a virtuous circle was starting to form: “We have arrived at a tipping point, where not only is clean energy technically and economically viable, it is understood and increasingly embraced by institutional investors who, under the right conditions, are willing to invest at unprecedented levels. “This is fuelling a virtuous circle, as clean energy scales up, costs continue to fall, making clean energy the least-cost choice in many circumstances. But the pace of investment, and the speed at which that virtuous circle spins, needs to accelerate rapidly if we’re to keep global temperature rise in check.”
Christian Aid 9th Nov 2017 read more »
