Christiana Figueres says $1 trillion a year is required for the transformation needed to stay within 2C of warming
New figures show investment fell to $254bn in 2013, with a drop in Europe of 41%
Something is wrong with this picture. Investment is falling when it should actually be rising.This divergence is creating an unsustainable hole in the environment.
There is apparently $76 Trillion of investment funds under management, so there must be something holding this investment back from clean energy. It seems that private investors don’t want to take the risk, because they are worried that future government policy will take away their profits. As we saw with the case of the UK Energy Companies and the Government, they won’t invest unless the Government provides a subsidized return or guaranteed long-term returns.
The efficient market mechanism for allocating ideas with funding is obviously not working in relation to clean energy!!!