“For example, the cost of capital. Renewable energy investments by their nature are very capital intensive. Eighty per cent of the investment must be upfront, because you have to buy the solar panels and the battery storage and the installation, and that’s costly”, he highlighted, adding, however, that the running costs are zero because there is no need to buy any oil or diesel to power a renewable energy station.

Dirty fossil fuel investments and a new AI inventory of global emissions in the spotlight during ‘Finance Day’ at COP27

UNLOCKING FINANCIAL RESOURCES FOR INVESTMENTS IN CLIMATE CHANGE AND ENERGY TRANSITION

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