“UN climate chief calls for tripling of clean energy investment” but “Global investment in clean energy falls for second year running”

Christiana Figueres, Executive Secretary of UN Framework Convention for Climate Change

http://www.theguardian.com/environment/2014/jan/14/un-climate-chief-tripling-clean-energy-investment-christiana-figueres?CMP=EMCENVEML1631

Christiana Figueres says $1 trillion a year is required for the transformation needed to stay within 2C of warming

BUT

money

http://www.theguardian.com/environment/2014/jan/15/global-investment-clean-energy-falls?CMP=EMCENVEML1631

New figures show investment fell to $254bn in 2013, with a drop in Europe of 41%

lightbulblogo

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.

evilemoticon

The efficient market mechanism for allocating ideas with funding is obviously not working in relation to clean energy!!!

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About isabellew9873

My name is Isabelle Whitehead. I was a member of the Bolton School group on the Operation Wallacea 2015 expedition to Peru.

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