• 3 minutes Is Pete Buttigieg emerging as the most likely challenger to Trump?
  • 6 minutes Question: Why are oil futures so low through 2020?
  • 9 minutes Don't sneeze. Coronavirus is a threat to oil markets and global economies
  • 3 hours Energy from thin air?
  • 4 hours Fast-charging, long-running, bendy energy storage breakthrough
  • 7 hours Can LNG Kill Oil?
  • 13 hours CoV-19: China, WHO, myth vs fact
  • 1 day Has Trump put the USA at the service of Israel?
  • 9 hours The New Class War Exposes the Oligarchs and Enablers
  • 1 day Solar Cells at 25 Cents Apiece (5 cents per watt)
  • 3 hours Foxconn cancelled the reopening of their mfg plants scheduled for tomorrow. Rescheduled to March 3rd. . . . if they're lucky.
  • 1 day Trump reinvented tariffs and it worked
  • 2 hours Hey NYC - Mayor De Blasio declares you must say goodbye to fossil fuels. Get ready to freeze your Virtue Signaling butts off.
  • 8 hours Cheap natural gas is making it very hard to go green
  • 8 hours "For the Public's Interest"
  • 2 days Is cheaper plastics feedstock on the horizon?
Oil May Be Down But It’s Certainly Not Out

Oil May Be Down But It’s Certainly Not Out

After five bearish weeks for…

The Risk Of Stranded Energy Assets

The Risk Of Stranded Energy Assets

The specter of stranded assets…

Report Estimates Battle Against Climate Change will Cost $700 Billion a Year

Report Estimates Battle Against Climate Change will Cost $700 Billion a Year

A new report written by the Green Growth Action Alliance in conjunction with the World Economic Forum (WEF), has estimated that around $700 billion a year must be invested in a variety of low carbon projects around the world in order to prevent climate change and secure the development of the green economy.

The vast sum of capital required will be invested in clean energy infrastructure, sustainable and low carbon transport, and energy efficiency improvements for buildings, all with the aim of limiting the global average temperature increase to less than two degrees above pre-industrial levels.

The report stated that, “as a result of the clear evidence of negative climate change impacts today, and the potentially devastating impacts in the future, greening investment is a pre-condition for a stable, vibrant and inclusive global economy.”

Related Article: The Trade-off between Aerosols and Greenhouse Gases

The report advises governments to re-evaluate their investment priorities, shifting their targets, and increasing capacity towards a greater focus on low-carbon projects.

Effective policies are already in place that encourage private investment and efficiently deploy public finance, however they must be scaled up considerably.

More investors are seeking to diversify their portfolios and have begun to explore unconventional assets. With the pace that clean energy technologies are being adopted at the moment, investing in infrastructure can provide a stable return, and offers a great opportunity to enter a growing market.

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage


Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News