Renewables investment falls short of lofty ambitions
A yawning investment gap in clean energy means it is still just a marginal part of many portfolios
It is not the smoothest of roads, but politicians globally are realising that their electorates are trending towards greater environmental consciousness. And this could encourage more state financing to be channelled into low-carbon investment—providing both competition and potential catalyst for private funds. The World Bank is running an initiative, Financing Climate Futures, that aims to channel capital into projects. It has been scaling up financial flows into approved ventures throughout 2018. The initiative's partners, which include the OECD, are convinced that financing for low-emission energy to date has been far too hit and miss. "Many countries are implementing ambitious climate st
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