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US$5 trillion in annual greeninvestment , once seen as overly ambitious, may emerge amongst new benchmarks. But critically there are two other areas which have been pushed to the background. They are non-OECD countries and negative emissions technologies (NETs). They are non-OECD countries and negative emissions technologies (NETs).
She described the UK National Infrastructure Bank as “a really good initiative” in this respect, and said this kind of investment could pave the way, providing the proof of concept that would later secure the participation of private investors. Putting a price on pollution.
South Africa signed a JETP at COP26 in Glasgow, which committed France, Germany, the UK, the EU and the US to supporting its clean energy transition through US$8.5 billion in first-phase financing, provided through grants, concessional loans, investments and risk-sharing instruments over three to five years. “The The finance sector
With COP26 in front of us , governments must raise their ambition to reach net zero. The only path forward is to increase investments in a just and inclusive transition, reaping the full socioeconomic benefits along the way.”. Subscribe to Renewable Energy World’s free, weekly newsletter for more stories like this.
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