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ESG Phenomenon: Biden Energizes Clean Energy Path
Editorial Staff
12 November 2020
Coal pushed further on backburner, IEA “Everywhere we look, we see governments endeavouring to reinflate their economies, with climate change at the heart of their stimulus programmes,” and that will drive investment capital into more renewable capacity globally, KBI’s Ni Chonghaile said. “Wind and solar are unquestionably today the cheapest forms of energy in many parts of the world,” she added. But on the current trajectory, we are falling “well short” on CO2 targets.
Momentum has notably shifted on the news of Joe Biden as President-Elect, seen in yesterday’s announcement from the is now also on the cards, set up by eight central banks in 2017 to manage a coordinated response to meeting the Paris goals, primarily through mobilising a green financial system.