Sentences with phrase «projected investment in fossil fuels»

Not exact matches

It's time for fossil fuel companies to use their considerable capx budgets to invest in solar pv or wind projects and get a better roi (return on investment) for investors.

Over a year which has seen large banks halt funding for fossil fuel projects, major institutions divest from oil, gas and coal holdings, and oil companies snap up power and renewables companies in a bid to diversify their asset base, research published today by the UK Sustainable Investment and Finance Association (UKSIF) and the Climate Change Collaboration suggests nervousness over climate risk has shot up in financial circles.

Ban the export credit guarantee department from underwriting risky investment in foreign fossil fuel projects.»

«There is a realization that a diversified suite of renewable energy resources will displace fossil fuel,» said Monty Worthington, who is directing a tidal energy project in Alaska for the Maine - based Ocean Renewable Power Co. «To establish a place in the emerging marine renewable market, the time for [U.S.] investment is now.»

A new report shows how multilateral development banks, including the World Bank, gave over $ 9 billion in funding for fossil fuel projects in 2016, nearly all of it following the Paris Agreement being reached and despite claims that they were acting on climate and adjusting their investment strategies.

Yet while money may be flowing away from many fossil fuel investments, investing in solar projects has traditionally been somewhat cumbersome — requiring significant capital, legal expertise, and industry connections.

The report argues that over the next 20 years investments in new fossil fuel extraction and transportation projects are forecasted to be about $ 14 trillion.

National and state investment in and support of CCS are completely consistent with the Donald Trump Administration's goals to invest in infrastructure projects, continue U.S. reliance on fossil fuels, and create jobs.

Rapidly declining costs of wind and solar energy technologies, increasing concerns about the environmental and climate change impacts of fossil fuels, and sustained investment in renewable energy projects all point to a not - so - distant future in which renewable energy plays a pivotal role in the electric power system of the 21st century.

The upcoming revision of the EU's multi-annual budget is «a significant opportunity» to increase investments in clean technologies and «explicitly exclude fossil fuels and other unsustainable projects» from public funding, the group wrote in its report.

«More than 80 leading economists from 20 countries have signed a Declaration on Climate Finance urging for an immediate end to investment in new fossil fuel projects and a dramatic increase in renewable energy investment.»

After recent bank protests and a burning global spotlight, several banks have dropped investments in DAPL or have committed, as U.S. Bank recently did, to revisit their financing of future fossil fuel projects threatening Indigenous sovereignty, water and land.

But even as investments in renewables grow, the IEA projects that fossil fuels will still supply 75 percent of our energy needs a quarter - century from now.

So, yes, it is important to maintain Australia's future export income, but given the small amount of export income we actually receive from fossil fuel exports, it should be relatively easy to replace that with new climate - safe exports and new foreign investment in local renewable energy projects provided we plan and prepare accordingly.

If up to two thirds of fossil fuels can not be burned, investors in these projects risk being left with up to $ 2 trillion in «stranded assets», investments rendered valueless by a combination of rapid technological progress from renewables, more stringent climate policies and shifts in market sentiment.

They will lock Europe into fossil fuel use, jeopardise emissions reduction targets and prevent investments in genuine solutions — like the development of community renewable energy resources, and energy savings projects.

Together, they're calling out the hypocrisy of continued institutional investments in new fossil fuel projects.

Instead, as the Sane Energy Project site notes, «We support investment in renewable energy and the goal of zero fossil fuel dependence by 2030.»