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However, shortfalls in clean energy investments persist, the IEA said, noting that “if China is excluded, then the amount being invested in clean energy each year in [EMDEs] has remained flat since the ParisAgreement was concluded in 2015”. C is to remain achievable. . “The The finance sector .
This had been central to the climate accords since 2009, and is widely viewed as an indispensable ingredient for securing the mutual trust and cooperation of the 191 countries that signed the Parisagreement.
This article was first published in Forbes Today 100 CEOs announced a push for governments to boost the business case for greeninvestment, in the run-up to COP29 in Azerbaijan. Beating the ParisAgreement’ is a huge statement to make. C global warming target. C, or “well below” 2°C, by the end of the century.
Delaying the transition to clean solutions, will mean losing competitiveness vis a vis countries like China that will reap the benefits of their leadership in the development of clean energy supplychains (from extraction of critical materials and manufacturing, to combining clean solutions like renewables, electric vehicles and battery storage).
Moreover, 60% of projects and 68% of the jobs are in Republican-controlled areas , making it politically difficult to dismantle these policies entirely.
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