Not exact matches
The analysis concludes that even a
less ambitious climate goal, like a 3 °C rise in average global temperature or more, which would pose
significantly greater risks for our society and economy, would still imply significant constraints on our use of
fossil fuel reserves between now and 2050.
A recent report by the International Renewable Energy Agency (IRENA) predicts that the cost of renewables will drop
significantly by 2020, to a
less expensive rate than
fossil fuels.
ECAs provide
significantly more support to
fossil fuels and substantially
less support to renewables than either major development finance institutions or multilateral development banks.
A recent analysis by Patrick Geddes, chief investment officer and partner of investment firm Aperio Group, found that even a portfolio that excluded all
fossil fuel companies would incur
significantly less financial risk than would the practice of active stock selection.
While renewable energy technologies are not perfect, and still contribute to our carbon footprint, we have to acknowledge the fact that they add up
significantly less than the
fossil fuels we've grown accustomed to.