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🌎The world is losing the race to curb carbon dioxide emissions.
But @ScouseView writes that there’s an underutilized pool of capital available to help in the fight against climate change: Sovereign wealth funds bloom.bg/2TgNXlD
But @ScouseView writes that there’s an underutilized pool of capital available to help in the fight against climate change: Sovereign wealth funds bloom.bg/2TgNXlD
🌡️Globally, the last five years were collectively the world’s warmest ever.
🇬🇧 The U.K. has seen its warmest winter day on record this week
📹 via @ NASA's Goddard Space Flight Center bloom.bg/2Ef2aG3
🇬🇧 The U.K. has seen its warmest winter day on record this week
📹 via @ NASA's Goddard Space Flight Center bloom.bg/2Ef2aG3
In 2017, output of greenhouse gases climbed to a record and the cost of insuring against natural catastrophes reached $350 billion
📈 via @ NASA's Goddard Space Flight Center bloom.bg/2Ef2aG3
📈 via @ NASA's Goddard Space Flight Center bloom.bg/2Ef2aG3
More than 70 national funds control about $8 trillion of assets, with the bulk of their money generated by oil and gas income
Iceland is the latest nation seeking to establish a fund, planning to set aside $2.5 billion bloom.bg/2TgNXlD
Iceland is the latest nation seeking to establish a fund, planning to set aside $2.5 billion bloom.bg/2TgNXlD
In the past three years, sovereign wealth funds have invested just $11 billion in renewable energy companies, green energy projects and climate-oriented debt.
That’s less than 0.2% of their total assets -- an almost non-existent amount bloom.bg/2TgNXlD
That’s less than 0.2% of their total assets -- an almost non-existent amount bloom.bg/2TgNXlD
⚡️Globally, clean energy investment has topped $300 billion annually for the past five years.
☀️ In Europe, investment in clean energy technologies increased by 27% last year to more than $74 billion bloom.bg/2TgNXlD
☀️ In Europe, investment in clean energy technologies increased by 27% last year to more than $74 billion bloom.bg/2TgNXlD
In contrast, demand for oil and gas is dwindling as the world moves away from fossil fuels.
Nations that have tapped into these resources risk being stranded by a global energy revolution without the resource revenues needed to diversify bloom.bg/2TgNXlD
Nations that have tapped into these resources risk being stranded by a global energy revolution without the resource revenues needed to diversify bloom.bg/2TgNXlD
As more investments are made to address global warming, the amount allocated by venture capital and private equity firms to clean energy projects jumped by a whopping 127% in 2018 to reach $9.2 billion bloom.bg/2TgNXlD
It may be politically difficult for some countries to wean themselves off their economic reliance on fossil fuels, but enlightened self-interest suggests sovereign wealth funds should do more to support renewable energy.
Let's hope they do bloom.bg/2TgNXlD
Let's hope they do bloom.bg/2TgNXlD
