🌍 **Global Investment in Clean Tech: A Path to Net Zero** The International Energy Agency projects global investment in clean technologies to reach $2 trillion this year, nearly double the amount spent on fossil fuels. However, this is still less than half the $4.5 trillion annual investment needed by the early 2030s to achieve net zero goals. Despite the significant growth in wind and solar capacity, no major economy is currently on track to meet its 2030 emissions reduction targets, according to Wood Mackenzie. The pace of change remains slow, with much of the action expected to accelerate post-2030. With global investment in clean tech on the rise, Cenergy see immense opportunities to drive sustainable energy forward. Join us in supporting this transition and exploring collaboration opportunities. Together, we can contribute to a greener and more sustainable future. #CleanTech #NetZero #RenewableEnergy #EnergyStorage #Cenergy #Sustainability #Innovation #RFB #Investment
Associate Partner at Principal Search - a global Executive Search firm run by Energy and Commodities Professionals
"Global investment in clean technologies is on track to hit $2tn this year, according to the International Energy Agency, which is almost twice the amount being spent on fossil fuels. Even so, this is still less than half the estimated $4.5tn of annual investment needed by the early 2030s to achieve net zero goals. ...Still, no major economy is on track to meet its 2030 emissions reduction targets, let alone net zero, according to an analysis by Wood Mackenzie last year. “The pace of change just isn’t there,” says Lindsey Entwistle, senior research analyst at the energy consultancy. “It’s very weighted towards action accelerating post-2030 if countries want to meet their targets. ...There’s no point looking at the size of the current fossil fuel system to work out where things are headed,” says Kingsmill Bond, at RMI. “That’s akin to saying in the 1920s, ‘there are 10mn horses out there and only 100,000 cars; it’s all about horses, isn’t the horse the future?’. You’ve got to look at the change.””
