Investments in offshore wind come in blocks
Action needed to unlock renewable investments – BNEF
Bottlenecks the result of the pace of subsidy provision, permitting problems and a lack of investment in transmission grids
Finance for the energy transition will appear if governments do more to remove barriers to investment, according to Albert Cheung, head of analysis at research firm BloombergNEF (BNEF). Cheung cites several bottlenecks as key in slowing the deployment of renewables projects. These include the pace of subsidy provision, permitting problems and a lack of investment in transmission grids. “To a large extent, it is in the purview of governments,” he tells Transition Economist. “Governments need to lower the barriers to increase the pipeline and get more [projects] in the ground, and then the funds will flow.” “Governments need to lower the barriers to increase the pipeline” Cheung, BNEF
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